JS Bank Limited continued to strengthen itself through sustainable growth and innovative financial solutions, solidifying its position as one of the fastest-growing banks in the country. As a result, JS Bank recorded a consolidated Profit Before Tax (PBT) of PKR 30.7 billion for 2024 as compared to PKR 18.7 billion for 2023, showing a growth of 64%. On a standalone basis, the PBT stood at PKR 6.4 billion for the same year.

Based on the consolidated financial statements, the bank’s profitability was driven by an 87.2% surge in net mark-up/interest income, which reached PKR 73.9 billion compared to PKR 39.5 billion last year. The increase was coupled with a 67.8% rise in mark-up/interest earned, amounting to PKR 221.5 billion and optimization of funding pool to contain the interest expense increase at 59% YoY. Additionally, non-markup income contributed significantly, rising by 23.3% to PKR 16.28 billion, with Fee and Commission income increasing by 52% YoY to reach PKR 8.98 billion (2023: PKR 5.97 billion), and a 288.64% increase in gains on securities.

Earnings per Share (EPS) stood at PKR 5.03, based on consolidated financial statements, and on a standalone basis at PKR 1.39. However, compared to last year, the consolidated EPS declined by 16.17% to PKR 5.03 from PKR 6, primarily due to the impact of increased taxation.

Moreover, the Bank’s consolidated deposits stood at over PKR 1.1 trillion, and on a standalone basis, they were at PKR 525 billion.

JS Bank continues to strengthen its position in the banking sector, focusing on sustainable growth and innovation through its aggressive approach to SME investments, women-empowering products, and Green Financing (including public-driven solar schemes). The Bank’s consolidated network has expanded to over 120 branches across Pakistan, increasing customer touch points.

The Bank is delivering value to its stakeholders and contributing to the sustainable economic development of Pakistan.