JS Bank profit falls 11% to Rs4.72bn in 1HCY26

Mettis Global reported that JS Bank Limited posted consolidated net profit of Rs4.72bn for the six months to June 30, 2026, down 11% from Rs5.32bn a year earlier. Earnings per share nonetheless inched up to Rs2.03, against Rs1.99 in the comparable period of the previous year. Total income slipped 8% to Rs41.35bn from Rs44.95bn.

The core spread held steady, with net mark-up income almost flat at Rs32.49bn against Rs32.58bn, as interest earned fell 13% to Rs68.37bn and interest expensed dropped 22% to Rs35.88bn. Non-markup income was the larger drag, shrinking 28% to Rs8.86bn, mainly because gains on securities collapsed 93% to Rs303.01m from Rs4.63bn. Fee income rose 10% and foreign exchange income climbed 48%, but these could not offset the securities decline.

A net reversal of Rs2.74bn in credit loss allowance, compared with a charge of Rs2.28bn last year, cushioned the bottom line. Operating expenses rose 10% to Rs33.25bn, which pushed profit before credit loss allowance down 45% to Rs7.84bn. Profit before tax declined 11% to Rs10.59bn, and taxation fell 11% to Rs5.86bn, leaving the after-tax figure tracking the pre-tax drop.