Easypaisa Reports PKR 13.30 Billion Profit Before Tax in Nine Months of 2026
Easypaisa Digital Bank has reported a strong financial performance for the nine months ended September 30, 2026, posting a Profit Before Tax (PBT) of PKR 13.30 billion and Profit After Tax (PAT) of PKR 7.41 billion. The bank’s pre-tax profit increased 2.35 times compared to the corresponding period last year, while earnings per share (EPS) stood at PKR 12.31. The Board of Directors approved the financial statements on October 30, 2026, reflecting continued growth in the bank’s digital banking operations.
Revenue Grows 38.53% as Digital Banking Business Expands
The bank’s total revenue increased by 38.53% year-on-year to PKR 46.67 billion, supported by growth in lending, treasury operations and fee-based services. Net markup income rose by 37%, driven by an expanding lending portfolio and treasury investments, while fee-based income recorded 40.63% growth. Higher revenues from online payments, collections, disbursements and insurance products contributed to the increase. Non-markup expenses reached PKR 32.80 billion, reflecting investments in customer acquisition, technology, merchant expansion and digital lending, while the cost-to-income ratio stood at 70.27%.
Also read: Qist Bazaar Marks Five Years of Rewriting the Rules of Retail and Financial Inclusion in Pakistan
Customer Deposits Increase to PKR 174.39 Billion
Easypaisa’s customer deposits grew by 59.06% year-on-year to PKR 174.39 billion, with a strong Current and Savings Account (CASA) ratio of 96.99% and current account ratio of 79%. Net advances reached PKR 31.65 billion, resulting in an advances-to-deposit ratio of 18.15%. The bank also maintained healthy asset quality, with non-performing loans accounting for 2.91% of gross advances and a coverage ratio of 165.07%. Its capital adequacy ratio stood at 27.54% at the end of September, comfortably above regulatory requirements.
PACRA Upgrades Easypaisa’s Long-Term Credit Rating
The bank’s financial position received further recognition in July 2026 when the Pakistan Credit Rating Agency (PACRA) upgraded its long-term entity rating to AA- while maintaining its short-term rating at A1. The upgrade reflected Easypaisa’s financial performance, risk management, asset quality and improved capital position. Commenting on the results, President and CEO Jahanzeb Khan said the bank’s expanding customer base, growing deposits and increasing adoption of digital financial services were translating into sustainable growth. He added that the bank aims to strengthen customer relationships through lending, savings, remittances and Islamic banking services.
Easypaisa Targets Expansion Beyond Digital Payments
With more than 60 million registered users, Easypaisa plans to further expand its digital banking ecosystem, lending portfolio and customer services. Its future growth strategy includes foreign exchange, Islamic banking, credit cards and international remittances, alongside continued investment in financial inclusion. As Pakistan’s first digital bank to commence commercial operations, Easypaisa aims to support the State Bank of Pakistan’s vision of a more inclusive and cashless economy by providing financial services to existing customers as well as millions of unbanked and underbanked Pakistanis.
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