Karachi – April 28, 2025: JS Bank, one of the fastest-growing banks in Pakistan, has announced its financial results for the first quarter ended March 31, 2025.
Financial Highlights
- Profit Before Tax (Unconsolidated): PKR 2.74 billion
- Profit After Tax (Unconsolidated): PKR 1.29 billion
- Earnings Per Share (EPS): PKR 0.63 (compared to PKR 0.84 in Q1 2024)
Core Earnings Growth
Despite a significant year-on-year reduction in the regulatory policy rate, the Bank maintained steady growth in core earnings:
- Net Interest Income: Increased by 5% YoY to PKR 7.43 billion
- Total Revenue: Reached PKR 10.61 billion
- Core Fee Income: Grew by 19% YoY to PKR 1.31 billion
The growth was driven by improved average non-remunerative deposits and volumetric expansion across the balance sheet.
Expense Management & Asset Quality
- Operating Expenses: Increased modestly by 13% YoY
- Coverage Ratio: Improved to 72.4% (compared to 70.7% at December 31, 2024)
Deposits & Balance Sheet Strength
- Average Non-Remunerative Deposits: Grew by PKR 22 billion YoY
- Period-End Non-Remunerative Deposits: PKR 179.95 billion (34% of deposit mix)
- Total Assets: Increased to PKR 670 billion (from PKR 636 billion in December 2024)
- Net Investment Portfolio: Expanded by 19% to PKR 361 billion
- Customer Deposits: Rose to PKR 534 billion
- Net Advances: Stood at PKR 193 billion, reflecting prudent lending
Consolidated Performance
- Profit Before Tax (Consolidated): PKR 7.49 billion
- Profit After Tax (Consolidated): PKR 3.10 billion
- Earnings Per Share (Consolidated): PKR 1.18
CEO Statement
Basir Shamsie, President & CEO of JS Bank, commented:
“Our performance this quarter reflects the strength of our strategy and our continued focus on delivering value to our customers. As we move forward, we’re focused on scaling our impact through innovation, expanding access to financial services, and supporting the country’s economic progress.”