Bank Makramah swings to Rs6bn loss in 9MCY26

Bank Makramah Limited (BML) reported a consolidated net loss of Rs5.78 billion for the nine months ended September 30, 2026, Mettis Global reported. The bank had posted a profit after tax of Rs875.02 million in the corresponding period of 2025, while loss per share was Rs5.68 versus earnings per share of Rs0.88.

Interest income fell 40.38% to Rs8.74 billion, while interest expense declined by a smaller 26.12% to Rs11.44 billion, leaving net interest expense at Rs2.70 billion. Gains on securities dropped 95.78% to Rs84.29 million and total non-markup income fell 50.91% to Rs1.52 billion; higher foreign exchange income and a Rs1.64 billion tax credit only partly offset the weaker results. The net reversal of credit loss allowances was also smaller, at Rs684.53 million compared with Rs5.99 billion a year earlier.