The digital banking sector in Pakistan has witnessed a historic milestone as easypaisa digital bank reported record breaking financial results for the first quarter of 2026. Strengthening its position as the first digital retail bank in the country the institution announced a profit after tax of PKR 1.49 billion for the period ending March 31 2026. This performance is highlighted by a staggering 4.4x increase in profit before tax which climbed to PKR 3.66 billion compared to just PKR 0.84 billion in the same quarter of the previous year. These results signify a major leap in the bank operational maturity and its ability to scale within an increasingly stable macroeconomic environment supported by international fund facilities and steady bilateral inflows.
The remarkable financial trajectory was fueled by broad based revenue growth which saw a 24.0 percent year on year increase. Net markup income rose by 22.0 percent driven primarily by the expansion of the digital lending portfolio and strategic treasury management. Additionally fee based income surged by 27.1 percent as payment services revenue and mobile bundle transactions saw higher adoption rates among the growing user base. The bank profitability was further bolstered by a significant reduction in net provision charges indicating improved health in the digital lending segment and more efficient recovery processes for previously written off exposures.
Despite a 22.0 percent increase in operating expenses reflecting the bank aggressive investment in merchant acquisition and customer retention the balance sheet remains exceptionally strong. As of March 31 2026 total assets have grown to PKR 217.6 billion with customer deposits experiencing a massive 52.0 percent year on year growth to reach PKR 153.4 billion. The bank maintains a robust capital adequacy ratio of 21.27 percent which sits comfortably above the regulatory requirements set by the State Bank of Pakistan. This financial stability provides a solid foundation for easypaisa to continue its mission of simplifying and securing financial services for the masses.
Chief Executive Officer Jahanzeb Khan emphasized that this record performance is a reflection of the trust millions of Pakistanis place in the digital ecosystem. He noted that the momentum built during this quarter is a result of disciplined execution and a relentless focus on innovation. The bank now serves over 22 million monthly active users including 3 million new digital users acquired within the last year alone. By maintaining a strong focus on asset quality with non performing loans fully covered and a high CASA ratio the bank is effectively demonstrating the viability of the digital first banking model in a developing market.
Looking ahead the leadership at easypaisa digital bank remains committed to inclusive financial participation. Chief Financial Officer Amin Sukhiani highlighted that the strength of the team and the power of the digital model are the primary drivers behind the sustainable growth observed this quarter. As the bank continues to expand its footprint it aims to unlock new opportunities for underserved segments of the population through product expansion and enhanced user experiences. This successful quarter not only sets a new benchmark for fintech in Pakistan but also signals a permanent shift in how the nation interacts with the formal financial system.
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