JS Bank recorded a consolidated profit before tax of Rs30.7 billion for the year 2024 as compared to Rs18.7bn for the year 2023, showing a growth of 64pc.

The bank`s profitability, based on the consolidated financial statements, was driven by an 87.2pc surge in net mark-up/interest income, which reached Rs73.9bn compared to Rs39.5bn last year. Moreover, the Bank`s consolidated deposits stood over Rs1.1 trillion, and on a standalone basis, the deposits were at Rs525bn.

JS Bank continues to strengthen its position in the banking sector with a focus on sustainable growth and innovation through its aggressive approach in small and medium enterprise investments, women-empowering products, and green financing. •