External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Banks / Thematic (Sector/Industry)

<ul><li>Pakistan's listed banks reported profitability of Rs168bn in 2Q2026, flat YoY and down 4% QoQ. This takes 1H2026 earnings to Rs342bn, flat YoY.</li><li>On a QoQ basis, the decline was driven by a 7% increase in non-interest expense to Rs361bn and a 2% decline in Net Interest Income (NII) to Rs527bn. This was partly offset by 4% QoQ growth in non-interest income to Rs177bn.</li><li>NII declined 2% both YoY and QoQ (down 1% YoY in 1H2026), reflecting the lagged repricing impact of the Apr 2026 rate hike, partly cushioned by banks' focus on current account deposits and volumetric growth.</li></ul>

Pakistan's listed banks reported profitability of Rs168bn in 2Q2026, flat YoY and down 4% QoQ. This takes 1H2026 earnings to Rs342bn, flat YoY.On a QoQ basis, the decline was driven by a 7% increase in non-interest expense to Rs361bn and a 2% decline in Net Interest Income (NII) to Rs527bn. This was partly offset by 4% QoQ growth in non-interest income to Rs177bn.NII declined 2% both YoY and QoQ (down 1% YoY in 1H2026), reflecting the lagged repricing impact of the Apr 2026 rate hike, partly cushioned by banks' focus on current account deposits and volumetric growth.

Pakistan Banks: Listed Banks Profitability Down 4% QoQ in 2Q2026; Net Interest Income (NII) Down by 2%