ISLAMABAD: easypaisa digital bank reported record financial results for the first quarter of 2026, driven by growth in digital banking services, lending activity and customer deposits as Pakistan’s financial sector continues to expand online banking adoption.

The bank said its profit before tax (PBT) reached PKR 3.66 billion for the quarter ended March 31, 2026, compared to PKR 0.84 billion during the same period last year. Profit after tax stood at PKR 1.49 billion, while earnings per share were reported at Rs2.47.

According to the bank, total revenue increased 24 percent year-on-year, supported by growth in lending operations, treasury income and digital payment services. Net markup income rose 22 percent, while fee-based income increased 27.1 percent due to higher payment services revenue and digital transaction activity.

The bank also reported lower net provision charges during the quarter, reflecting improved recoveries and lower default rates within its digital lending portfolio.

Operating expenses increased 22 percent year-on-year as the bank continued investment in customer acquisition, merchant expansion and digital infrastructure.

easypaisa said Pakistan’s improving macroeconomic environment during the quarter, including support from the IMF Extended Fund Facility programme and current account surpluses, contributed to a more stable operating environment for the banking sector.

The bank’s total assets increased to PKR 217.6 billion by the end of March 2026, while customer deposits rose 52 percent year-on-year to PKR 153.4 billion.

Total advances stood at PKR 27.3 billion, with the bank reporting a non-performing loan ratio of 3.03 percent and a coverage ratio of 164 percent. Its capital adequacy ratio remained at 21.27 percent, above regulatory requirements.

Chief Executive Officer Jahanzeb Khan said the bank’s performance reflected continued growth in digital banking adoption and financial inclusion efforts across Pakistan.

The bank said it now serves more than 22 million monthly active users, including around 3 million new digital users added over the past year.

easypaisa Digital Bank Posts Strong Q1 2025 Results. PACRA Upgrades Rating to A+