Allied Bank Limited Reports Decline in Nine-Month Profit Amid Rising Costs

Karachi: Allied Bank Limited has released its financial results for the nine-month period ending September 30, 2026, reporting a decrease in profit after taxation. On October 29, 2026, the bank disclosed that its profit after taxation stood at 23.05 billion rupees, down from 25.87 billion rupees in the same period last year.

The bank's mark-up and interest earned during the nine-month period increased to 260.81 billion rupees from 221.75 billion rupees in the previous year. However, the mark-up and interest expensed rose significantly to 180.93 billion rupees from 143.16 billion rupees, resulting in a net mark-up and interest income of 79.88 billion rupees, up slightly from 78.59 billion rupees last year.

According to information available from the Pakistan Stock Exchange (PSX), the bank's non mark-up and interest income reached 23.03 billion rupees, an increase from 21.17 billion rupees in the same period in 2025. This was driven by higher fee and commission income, which totaled 12.33 billion rupees, compared to 11.78 billion rupees last year. Dividend income also saw a rise, amounting to 2.66 billion rupees, compared to 1.93 billion rupees previously.

Total income for the period reached 102.92 billion rupees, up from 99.76 billion rupees in the corresponding nine months of the previous year. However, operating expenses climbed to 54.28 billion rupees from 47.85 billion rupees, contributing to a rise in total non mark-up and interest expenses to 55.65 billion rupees from 49.25 billion rupees.

The bank's profit before taxation fell to 47.18 billion rupees, a decline from 54.81 billion rupees in the previous year. Taxation expenses also decreased to 24.13 billion rupees from 28.94 billion rupees.

Basic and diluted earnings per share for the nine-month period decreased to 20.13 rupees from 22.60 rupees in the previous year. The results reflect a big move in terms of the overall financial performance of the bank compared to the previous year.