Karachi: Bank Alfalah Limited has released its unconsolidated financial results for the quarter and nine-month period ending September 30, 2026, reporting significant growth in profit. According to the bank's statement, the profit after taxation for the quarter increased to 9.29 billion rupees, up from 6.16 billion rupees in the same period last year. This reflects a very large or significant move in profitability.
The bank's total income for the third quarter stood at 46.69 billion rupees, compared to 44.29 billion rupees in the corresponding period of the previous year. This increase in income was driven by a rise in net mark-up/interest income, which grew to 35.85 billion rupees from 33.28 billion rupees.
Non-mark-up/interest income, however, saw a slight decline, totaling 10.84 billion rupees for the quarter, down from 11.01 billion rupees a year earlier. Despite this decrease, the bank's foreign exchange income showed a positive trajectory, reaching 4.51 billion rupees compared to 3.57 billion rupees in the previous year's third quarter.
According to information available from the Pakistan Stock Exchange (PSX), Bank Alfalah's operating expenses saw a minor move, decreasing to 29.04 billion rupees from 29.61 billion rupees in the same period last year. The bank also reported a net reversal of credit loss allowances and provisions amounting to 2.57 billion rupees, contrasting with a charge of 1.05 billion rupees in the prior year.
For the nine-month period ending September 30, 2026, Bank Alfalah's profit after taxation reached 30.61 billion rupees, up from 21.44 billion rupees for the same period in 2025. This represents a very large or significant move. The bank's total assets as of September 30, 2026, were reported at 3.37 trillion rupees, a decrease from 3.83 trillion rupees as of December 31, 2025.
In terms of liabilities, total liabilities were 3.18 trillion rupees, down from 3.63 trillion rupees as of the end of 2025. The bank's deposits and other accounts increased to 2.62 trillion rupees from 2.50 trillion rupees, while borrowings saw a significant reduction to 242.96 billion rupees from 832.13 billion rupees.
The bank's net assets declined slightly to 194.84 billion rupees from 197.51 billion rupees as of December 31, 2025. The bank's basic and diluted earnings per share for the nine-month period increased to 9.71 rupees from 6.80 rupees, indicating a strong financial performance amid challenging market conditions.
Bank Alfalah's financial results indicate robust growth in profitability and strategic management of expenses and provisions, reflecting the bank's resilience and adaptability in the current economic climate.