easypaisa digital bank more than doubles profit to around Rs6bn in H1 2026

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 Rs8.26bn and a Profit After Tax (PAT) of Rs5.78bn, representing a 2.27x increase in PBT compared to the corresponding period last year. Earnings per share stood at Rs9.61. 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, showing 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 Rs21.08bn 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 Rs232.58bn. Customer deposits grew by 67.37% year-on-year to Rs158.58bn, with a CASA ratio of 97.46% and a current account ratio of 79.95%. Gross advances reached Rs31.11bn, 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%. 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, stated that the strong profitability reflects the resilience of the business model, trust from millions of customers, and commitment to advancing financial inclusion in Pakistan. Amin Sukhiani, CFO, highlighted continued focus on customer service, digital innovation, and expanding offerings in Islamic banking, foreign exchange, BNPL, and credit cards. easypaisa remains the country's leading digital bank, aiming to drive inclusive economic growth and expand access to formal financial services across Pakistan.