Islamabad, Mar 4, 2025: JS Bank Limited continues to reinforce its standing as one of the fastest-growing financial institutions in the country by prioritizing sustainable expansion and cutting-edge banking solutions.
The bank posted a consolidated Profit Before Tax (PBT) of Rs. 30.7 billion for 2024, marking a substantial 64 percent increase from Rs. 18.7 billion in 2023. This remarkable growth was largely driven by an 87.2 percent surge in net markup/interest income.
Which climbed to Rs. 73.9 billion from Rs. 39.5 billion the previous year. Additionally, a 67.8 percent rise in markup/interest earned, amounting to Rs. 221.5 billion, along with efficient fund management, helped moderate the year-on-year increase in interest expenses to 59 percent.
Non-markup income also played a vital role, rising by 23.3 percent to Rs. 16.28 billion. Fee and commission income soared by 52 percent year-on-year, reaching Rs. 8.98 billion compared to Rs. 5.97 billion in 2023, while gains on securities skyrocketed by 288.64 percent.
The Earnings per Share (EPS), based on consolidated financial statements, stood at Rs. 5.03, while on a standalone basis, it was recorded at Rs. 1.39. However, in contrast to the previous year, the consolidated EPS saw a decline of 16.17 percent from Rs. 6, primarily due to higher taxation.
JS Bank’s consolidated deposits surpassed Rs. 1.1 trillion, with standalone deposits reaching Rs. 525 billion. The bank has remained committed to strengthening its market presence through strategic investments in SMEs, women-focused financial products, and Green Financing initiatives, including solar energy schemes for the public.
Further expanding its customer outreach, the bank has added over 120 new branches nationwide, reinforcing its commitment to accessibility and convenience. By driving financial innovation and sustainable banking solutions, JS Bank continues to create value for its stakeholders while contributing to Pakistan’s economic growth.
