easypaisa digital bank has announced record financial results for the first quarter of 2026, further strengthening its position as Pakistan’s leading digital retail bank.
For the quarter ending March 31, 2026, the bank reported a profit before tax (PBT) of PKR 3.66 billion, marking a massive 4.4 times increase compared to PKR 0.84 billion recorded during the same period last year. Profit after tax (PAT) stood at PKR 1.49 billion, while earnings per share (EPS) reached Rs. 2.47.
The strong financial performance comes amid gradual economic stabilization in Pakistan during Q1 2026. Factors including the IMF Extended Fund Facility agreement, bilateral financial inflows, and consecutive current account surpluses contributed to a more stable economic environment that supported banking sector growth.
The bank’s revenue growth remained broad-based throughout the quarter. Overall revenue increased by 24 percent year-on-year, while net markup income rose by 22 percent due to expansion in the lending portfolio and treasury operations.
Treasury income also recorded significant growth, supported by a strong increase in customer deposits. Meanwhile, fee-based income climbed 27.1 percent year-on-year, mainly driven by higher payment services revenue, OPS income, and load and bundle services.
The bank also reported a notable decline in net provision charges, reflecting lower default rates within its digital lending portfolio and improved recoveries from previously written-off exposures. Operating expenses rose by 22 percent year-on-year as the bank continued investing in customer acquisition, merchant partnerships, and retention strategies.
Commenting on the results, Jahanzeb Khan said the record performance reflects strong momentum built through customer trust, disciplined execution, and the bank’s commitment to expanding financial services access across Pakistan.
He added that the bank remains focused on innovation, strengthening its digital ecosystem, and enabling inclusive financial participation through secure and simplified banking services.
On the balance sheet side, total assets grew to PKR 217.6 billion by the end of March 2026. Customer deposits increased by 52 percent year-on-year to reach PKR 153.4 billion.
The bank maintained strong liquidity indicators, with CASA and current account ratios standing at 97.7 percent and 80.6 percent respectively. Total advances reached PKR 27.3 billion, while the advances-to-deposit ratio stood at 17.80 percent.
Asset quality also remained stable, with non-performing loans above 90 days past due recorded at 3.03 percent. These loans were fully covered by a coverage ratio of 164 percent. Additionally, the bank maintained a capital adequacy ratio (CAR) of 21.27 percent, significantly above regulatory requirements.
Amin Sukhiani stated that the results demonstrate the strength of the bank’s digital-first business model and the growing trust of millions of customers across Pakistan.
The bank revealed that it now serves over 22 million monthly active users, including around 3 million new digital users added year-on-year. easypaisa said it plans to continue accelerating financial inclusion through innovation, product expansion, and improved customer experiences.
The latest results further highlight the growing role of digital banking in Pakistan’s financial sector, where fintech-driven services are rapidly transforming how millions of people access and manage financial services.
