The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 23, 2026, approved the Bank’s financial results for the quarter ended March 31, 2026. The Board of the Bank also approved an interim cash dividend of PKR 1.5 per share (30%) [Mar 25 (restated): PKR 1.25 per share (25%)].
The Bank reported profit after tax of PKR 11.13 billion, up by 58%. Earnings per share (EPS) stood at PKR 3.53 [Mar 25 (restated): PKR 2.23]. Bank’s profitability improved, supported by higher core income and supplemented by capital gains realized through timely management of portfolio.
During the period, the shareholders of the Bank in its Annual General Meeting held on March 26, 2026 approved share split wherein the number of shares have been sub-divided into ratio of 2-for-1. Accordingly, issued and paid-up capital of the Bank has increased to 3,154,330,238 shares at face value of Rs. 5/- each, resulting in restatement of EPS and dividend per share ratios for comparative periods.
Deposits of the Bank closed at PKR 2.47 trillion, while Current Deposits of the Bank also grew to PKR 1.02 trillion. Bank Alfalah continued its focused approach to build its non-remunerative deposits on average basis. Gross advances of the Bank amounted to PKR 1.08 trillion with diversified growth driven by Consumer, Small and Medium Enterprises (SME), and Agriculture segments.
Net Interest Income (NII) of the Bank improved by 4.1% due to growth in average deposits and gross financing; whereas growth in Non Funded Income (NFI) was fueled by capital gains, increase in exchange income and growth in fee income earned via Remittances, Cards, Trade Business, G2P mandates and ADC services.
Capital adequacy remained strong, with the ratio at 16.22% as of March 31, 2026, well above the regulatory requirement.
Looking ahead, Bank Alfalah remains focused on sustainable growth, with plans to expand Consumer and SME lending supported by low-cost deposits. The Bank is also advancing digital initiatives, streamlining operations, and promoting innovation to enhance customer experience and deliver long-term value to its shareholders.