PROVINCE REPORT
ISLAMABAD: The Board of Directors of easypaisa digital bank has approved the financial statements for the half-year ended 30 June 2026.
The Bank reported a robust financial performance, posting a Profit Before Tax (PBT) of PKR 8.26 billion and a Profit After Tax (PAT) of PKR 5.78 billion, representing a 2.27x increase in PBT compared to the corresponding period last year. Earnings per share stood at PKR 9.61.
The Bank’s performance was driven by sustained growth across its core business streams, supported by an expanding customer base, increasing transaction volumes, and continued investments in talent, technology, and digital innovation.
Total revenue increased by 30.50% year-on-year, reflecting strong momentum across both lending and fee-based income streams. Net markup income grew by 32.46%, supported by the expansion of the lending portfolio and treasury investments, underpinned by strong growth in customer deposits. Fee-based income increased by 28.34%, driven by higher contributions from payment services, collections, disbursements, and insurance products.
Operating expenses increased to PKR 21.08 billion as the Bank continued to invest in strategic growth initiatives, including customer acquisition campaigns, merchant ecosystem expansion, and support costs associated with the growth in digital lending volumes.
As of 30 June 2026, total assets stood at PKR 232.58 billion. Customer deposits grew by 67.37% year-on-year to PKR 158.58 billion, while maintaining a strong deposit mix with a CASA ratio of 97.46% and a current account ratio of 79.95%. Gross advances reached PKR 31.11 billion, resulting in an advances-to-deposit ratio of 18.63%. Asset quality remained healthy, with non-performing loans (over 90 DPDs) at 3.16% and a coverage ratio of 159.63%.
The Bank maintained a strong capital position, reporting a Capital Adequacy Ratio (CAR) of 23.75%, well above the regulatory requirement. In recognition of its strengthened financial profile, sound asset quality, and robust capitalisation, the Pakistan Credit Rating Agency Limited (PACRA) upgraded the Bank’s long-term entity rating to “AA-” while reaffirming its short-term rating at “A1” on 1st July 2026.
Jahanzeb Khan, President & CEO, easypaisa digital bank, stated, “Our strong profitability during the first half of 2026 reflects the resilience of our business model, the trust placed in us by millions of customers, and our commitment to advancing financial inclusion in Pakistan. As the country’s leading digital bank, easypaisa remains focused on delivering innovative, customer-centric financial solutions that simplify lives and empower individuals and businesses alike. We are grateful to our customers, partners, the State Bank of Pakistan, and the Government of Pakistan for their guidance and continued support as we accelerate Pakistan’s transition towards a more inclusive and digital financial ecosystem.”
Commenting on the results, Amin Sukhiani, Chief Financial Officer, easypaisa digital bank, said,”Our strong performance reflects our continued focus on customer service, digital innovation, and a growing merchant ecosystem. We are expanding our offerings with Islamic banking and foreign exchange products, alongside consumer solutions such as BNPL and credit cards. These initiatives will further strengthen our digital ecosystem and expand access to convenient, inclusive financial services.”
With over 60 million registered users and as the country’s first digital bank to commence commercial operations, easypaisa remains aligned with the State Bank of Pakistan’s vision of driving inclusive economic growth, easypaisa remains focused on expanding its offerings across payments, lending, remittances, insurance, and digital lifestyle services, while advancing its mission of accelerating financial inclusion and expanding access to formal financial services across the country.
