Karachi: Bank Alfalah Limited has announced a profit after tax of PKR 11.13 billion for the first quarter of 2026, marking a 58% increase from the same period last year. The Board of Directors, during a meeting on April 23, 2026, also declared an interim cash dividend of PKR 1.5 per share, up from PKR 1.25 per share previously.
According to Bank Alfalah, the substantial rise in profitability was driven by higher core income and capital gains from strategic portfolio management. The earnings per share stood at PKR 3.53, compared to the restated PKR 2.23 from the prior year. In March, shareholders approved a 2-for-1 share split, which increased the Bank's issued and paid-up capital to over 3.15 billion shares, necessitating a restatement of EPS and dividend ratios for previous periods.
The Bank's deposits totaled PKR 2.47 trillion, with current deposits reaching PKR 1.02 trillion. Bank Alfalah maintained its strategy of building non-remunerative deposits. Gross advances were reported at PKR 1.08 trillion, with growth observed in consumer, small and medium enterprises, and agriculture sectors.
Net Interest Income rose by 4.1%, attributed to increased average deposits and gross financing. Non Funded Income growth was driven by capital gains, exchange income, and fee income from remittances, cards, trade business, government-to-person mandates, and ADC services. The capital adequacy ratio was reported at 16.22%, well above the regulatory requirement.
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