Islamabad — easypaisa digital bank has reported strong financial results for the first half of 2025, with profit before tax rising 39% to Rs. 3.64 billion compared to Rs. 2.61 billion in the same period last year.
The bank credited this growth to higher markup income and strong fee-based revenues from digital lending and payments, despite a sharp drop in the State Bank’s discount rate from 20% to 11%.
Net markup income increased 15.6% on the back of lending growth, while non-markup income surged 60.5%, fueled by higher transaction volumes, including deposits, withdrawals, and corporate disbursements.
Operating expenses rose 9.6% due to investments in technology, customer acquisition, and talent, but the cost-to-income ratio still improved significantly from 80.5% to 66.9%.
The digital bank’s user base continued to expand, with monthly active users reaching 18.2 million. Customer deposits climbed 41.3% year-on-year to Rs. 94.7 billion, supported by a strong CASA ratio of 98.1% and one of the lowest deposit costs in the industry at 1.57%.
Advances stood at Rs. 27.7 billion, with a loan-to-deposit ratio of 25%. Non-performing loans were reported at 16.1% with a coverage ratio of 91.4%. Equity reached Rs. 16.8 billion, while the capital adequacy ratio remained solid at 20.52%.
CEO Jahanzeb Khan said the results highlight easypaisa’s commitment to innovating Pakistan’s financial landscape. CFO Amin Sukhiani added that the bank plans to expand into foreign exchange, Islamic products, credit cards, remittances, and BNPL, while also investing in merchant expansion and insurance services.
With more than 55 million registered users, easypaisa remains a key player in advancing Pakistan’s digital economy.