Karachi, May 08 : easypaisa digital bank reported a profit after tax (PAT) of Rs1.49 billion and earnings per share (EPS) of Rs2.47 for the quarter ended March 31, 2026, while profit before tax (PBT) surged to Rs3.66 billion — a 4.4-fold increase compared to Rs0.84 billion recorded during the same quarter last year. Pakistan’s macroeconomic environment continued its gradual stabilisation during the first quarter of 2026, supported by the IMF …
Pakistan’s macroeconomic environment continued its gradual stabilisation during the first quarter of 2026, supported by the IMF Extended Fund Facility agreement, bilateral inflows, and consecutive current account surpluses. The improving economic backdrop provided a supportive environment for the bank’s continued growth.
The bank’s performance was driven by broad-based revenue growth, with overall revenue increasing 24 percent year-on-year.
Net markup income rose 22 percent year-on-year, supported by expansion in the lending portfolio and treasury books, while treasury income increased significantly due to strong deposit growth.
Fee-based income also posted a robust growth of 27.1 percent, driven by higher payment services revenue, including OPS revenue and load and bundle income.
Profitability was further strengthened by a significant decline in net provision charges, reflecting lower default rates in the digital lending portfolio and improved recoveries from previously written-off exposures.
Operating expenses increased 22 percent year-on-year, in line with the bank’s continued investment in customer and merchant acquisition and retention initiatives.
Commenting on the results, Jahanzeb Khan said, “This record performance reflects the strong momentum we have built as Pakistan’s leading digital bank. Our continued growth is driven by customer trust, disciplined execution, and our commitment to expanding access to financial services at scale.”
He added that the bank remained committed to simplifying and securing financial services while strengthening its digital ecosystem and promoting inclusive financial participation across Pakistan.
On the balance sheet, total assets grew to Rs217.6 billion as of March 31, 2026.
Customer deposits recorded a strong growth of 52 percent year-on-year, reaching Rs153.4 billion, while CASA and current account ratios remained strong at 97.7 percent and 80.6 percent, respectively.
Total advances stood at Rs27.3 billion, with an advances-to-deposit ratio of 17.8 percent.
Asset quality remained strong, with non-performing loans (over 90 DPD) at 3.03 percent, fully covered through a coverage ratio of 164 percent.
The bank maintained a capital adequacy ratio (CAR) of 21.27 percent, well above regulatory requirements.
Amin Sukhiani, Chief Financial Officer of easypaisa digital bank, said the institution was proud to deliver another record quarter.
“Our results reflect the trust our customers place in us, the strength of our team, and the power of our digital-first model,” he said.
easypaisa digital bank continued to expand its financial inclusion footprint and is now serving more than 22 million monthly active users, including 3 million new digital users added year-on-year.
Reinforcing its position as Pakistan’s most accessible digital bank, easypaisa said it would continue accelerating growth through innovation, product expansion, and enhanced customer experiences.