Friday, May 29 2026

Soneri Bank wins DEI Benchmark Awards 2026
Soneri Bank, one of the leading commercial banks in Pakistan, was recognized at the Global Diversity, Equity and Inclusion (DEI) Benchmark Awards 2026, receiving recognition across 11 key categories. Representing Soneri Bank at the awards ceremony, Syed Naveed Ul Zafar, Head of Learning and Development, Human Resources, Dr Sanya Shahid, Head of Marketing, Communications and Brand Management and Amna Junaid, Manager Learning & Development & DEI received the awards on behalf of the Bank. Soneri Bank was recognized for its efforts across multiple areas including Vision, Strategy and Business Impact; Leadership and Accountability
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Thursday, April 30 2026

JS Bank reports profit after tax of Rs1.045bn in Q1 2026
JS Bank Limited on Wednesday announced its financial results for the quarter ended March 31, 2026, reporting a profit before tax of Rs 2.175 billion and profit after tax of Rs 1.045 billion, translating into earnings per share (EPS) of Rs 0.51. JS Bank’s balance sheet showed moderate growth, with total assets reported at Rs 682.877 billion, reflecting a 4 percent increase over December 2025. The growth in total assets was primarily driven by investments, which increased by Rs 89.076 billion on a net basis from December 2025. The Bank’s deposit base remained stable at Rs 544.898 billion. More importantly, the Bank’s non-remunerative deposit mix continued to remain over 40 percent.
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Related symbols: jsbl (news stock)

Quarter ending Mar 31st: Allied Bank posts Rs16.867bn PBT
Allied Bank’s strategic emphasis on sound risk management, balanced portfolio diversification, and prudent capital allocation is strengthening its resilience. Coupled with a strong focus on digitalization and operational efficiency, this approach is enhancing customer value and sustainable growth. The Bank recorded markup up/interest income of Rs. 83,699 million for the quarter ended March 31, 2026, compared to Rs. 71,647 million during the same period last year, reflecting an increase of 17 percent. This increase primarily stems on account of higher average volumes of mark-up bearing assets.
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SCP delivers profit before tax of Rs11.7bn
Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a Profit Before Tax of PKR 11.7 billion in Q1 2026 compared to PKR 17.0 billion last period. Revenue was lower year on year primarily due to sharp reduction in interest rates. The impact of margin compression on revenue was partially offset by a decrease in cost of funds. Total expenses declined by 2 percent despite a high inflationary environment and continuous investments in our infrastructure. Operating expenses were well managed through efficiencies and disciplined spending. Moreover, a prudent risk approach coupled with strong recoveries of bad debts led to a net release of PKR 0.7 billion during the period.
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Related symbols: scbpl (news stock)