easypaisa digital bank has reported a profit before tax of Rs3.64 billion for the half year ended June 30, 2025, reflecting a 39.4 per cent increase from Rs2.61 billion in the same period last year.

The board of directors approved the bank’s financial statements at a meeting this week.

The growth was attributed to higher markup income and strong fee-based revenues from digital lending and payments, despite the State Bank of Pakistan’s discount rate declining from 20% to 11% in line with easing inflation.

Net markup income rose 15.6%, supported by expansion in digital lending. Non-markup income surged 60.5% on the back of increased transaction volumes, particularly in cash deposits and withdrawals, along with higher earnings from load and bundle products, commissions on corporate disbursements and collections, and insurance products.

Operating expenses rose by 9.6%, reflecting continued investments in technology, talent, and customer acquisition costs to support future growth and partially offset by a reversal of accruals for compensation costs. Cost-to-income ratio improved from 80.5% last year to 66.9%.

The Bank’s digital ecosystem continued to strengthen, with monthly active users (MAUs) reaching 18.2 million.

Customer deposits stood at Rs94.7 billion, marking a 41.3% increase over June 2024, underpinned by strong customer confidence following easypaisa’s transition to a digital retail bank.

The CASA ratio remained exceptional at 98.1%, with the cost of deposits among the lowest in the industry at 1.57%.

Total advances stood at Rs27.7 billion, with a loan-to-deposit ratio of 25.0%. Non-performing loans (NPLs) were reported at 16.1%, with a healthy coverage ratio of 91.4%. The Bank’s equity was recorded at Rs16.8 billion, while the Capital Adequacy Ratio (CAR) remained strong at 20.52%.

Jahanzeb Khan, President and CEO, easypaisa digital bank, stated, “Our robust profitability during the first half of 2025 signals our intent to innovate Pakistan’s digital banking space. We are committed to ensuring and empowering access to easy and convenient digital financial services. With a range of innovative products and services and more in the pipeline, easypaisa is all set to lead Pakistan’s digital banking space through its customer-centric approach. I am thankful for the support of our partners, board members, industry stakeholders, and the State Bank of Pakistan in this journey of a cashless economy.”

Commenting on the results, Amin Sukhiani, Chief Financial Officer, easypaisa digital bank, said, “easypaisa digital bank is well-positioned to accelerate its growth journey by expanding its product suite, including foreign exchange, Islamic products, credit cards, remittances, and Buy Now Pay Later offerings. We are also investing in merchant expansion under the government’s digital cashless initiative and strengthening the insurance marketplace to improve our ecosystem further and create value for our customers.”

With over 55 million registered users and as the country’s first digital bank to commence commercial operations, easypaisa remains aligned with the State Bank of Pakistan’s vision to drive inclusive economic growth. We are committed to expanding our range of financial products and services, not just for our current users, but also for the millions who remain unbanked or underbanked.