Advertisement
News

JS Bank Crosses Half a Trillion Deposits Mark

Advertisement

JS Bank, one of the fastest-growing banks in Pakistan, announced the milestone of crossing PKR 500 billion in deposits.

This achievement resulted from sustained momentum stemming from a strong closing of 2023, with the Bank posting a Profit Before Tax of PKR 8.5 billion, a four times growth as compared to the previous year. JS Bank’s deposit closed at PKR 486 billion in 2023, and total assets at PKR 589 billion.

JS Bank also made strides in expanding its digital footprint. The bank’s digital customer base increased by 46% over last year, and 80% of the Bank’s brick-and-mortar branches are now equipped with digital account opening features.

Basir Shamsie, President & CEO of JS Bank, commented, “This achievement is a testament to our teams’ commitment to providing top-notch products and services to our customers and partners. The result is a product of our combined efforts from different verticals including retail, transaction banking, corporate banking, and digital banking groups, and reflects our shared ambition to grow and improve our services.”

Committed to its role as a catalyst toward Pakistan’s prosperity, JS Bank aspires to continue its journey of impact by providing innovative conventional and digital financial solutions for customers in the years to come.

Advertisement
Mazhar Ali Raza

Mazhar Ali Raza is a senior journalist from Karachi. He has served more than twenty years in journalism. He was recently associated with the dunya media group as a senior business reporter from the last eleven years . Prior to that he has worked for CNBC for the period of four years. His major beats were the energy auto banking and agriculture sector . He has covered many seminars and exhibitions in Pakistan and abroad as well .

Recent Posts

India Suspends Water Treaty, Closes Border and Orders Pakistani Citizens to Leave Within 48 Hours

In the wake of a tragic attack in Pahalgam that left 26 dead, New Delhi…

18 hours ago

Russia-Israel relations severed amid Gaza crisis: Fedorov

In a powerful statement, Consul General of the Russian Federation in Karachi Andrey V. Fedorov,…

24 hours ago

Pakistan Meets the World at Art Dubai 2025: Why This Year’s Edition Is One to Watch

Art Dubai is back from April 18 to 20, 2025, and it’s shaping up to…

2 days ago

CCP Approves Merger of Junaid Jamshed and U&I Garments

The Competition Commission of Pakistan (CCP) has approved the proposed merger of Junaid Jamshed (Private)…

2 days ago

Pakistan Launches National Cyber Crime Investigation Agency, Replaces FIA Wing

Pakistan has officially established the National Cyber Crime Investigation Agency (NCCIA), replacing the FIA’s Cyber…

2 days ago

Telenor Pakistan Joins Hands with Cricket Star Ahmad Shahzad to Deliver Youth-Centric Digital Content

Telenor Pakistan has entered a strategic content partnership with celebrated cricketer Ahmad Shahzad, marking a…

2 days ago