Listed banks' profits decline 4% to Rs165bn in third quarter of 2026
Profit by Pakistan Today • • 1 min read
Listed banks in Pakistan earned a combined Rs165 billion in the third quarter of 2026, down 4% year on year and 2% from the previous quarter, Profit by Pakistan Today reported, citing Topline Securities. Earnings for the first nine months totalled Rs506 billion, 1% below the same period last year.
Quarterly net interest income rose 3% year on year to Rs556 billion, while non-interest income gained 4% to Rs153 billion. Non-interest expenses climbed 14% to Rs374 billion, lifting the sector’s cost-to-income ratio to 52.8% from 51.3% in the previous quarter; provision reversals of Rs11.3 billion supported earnings.
UBL posted the largest quarterly profit, at Rs30.7 billion, followed by Meezan Bank with Rs26 billion. Most banks kept their quarterly dividends: MCB announced Rs9 per share, Meezan Bank and UBL Rs8 each, and HBL Rs6; Topline Securities identified Meezan Bank and UBL as its preferred stocks.
At a glance
- Listed banks’ combined third-quarter profit fell 4% year on year to Rs165 billion.
- Non-interest expenses rose 14% to Rs374 billion, and the cost-to-income ratio reached 52.8%.
- MCB announced a quarterly dividend of Rs9 per share, while Meezan Bank and UBL declared Rs8 each.
Originally reported by Profit by Pakistan Today
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