Karachi: Allied Bank Ltd. (ABL) held an analyst briefing today to discuss its financial results for the first quarter of the calendar year 2026 and its outlook for the future. The bank reported a standalone net profit after tax (NPAT) of PkR8.3 billion, translating to earnings per share (EPS) of PkR7.2, marking a 1% year-over-year increase but an 11% decline from the previous quarter.
According to AKD Securities Limited, the year-over-year growth in NPAT was primarily driven by higher Net Mark-up Income as the expansion of the asset book outweighed the impact of lower yields. However, the bank experienced a 1% year-over-year drop in non-markup income, totaling PkR7.1 billion for the quarter. This decline was attributed to reduced foreign exchange income and capital losses compared to gains in the same period last year, despite increases in fee and dividend income.
Additionally, ABL's non-markup expenses rose by 11% year-over-year to PkR17.0 billion during the first quarter, mainly due to increased salary expenses. The briefing highlighted the challenges and opportunities faced by the bank as it navigates the current economic environment.
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