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1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesAskari Bank reported consolidated profit after tax of Rs6.585 billion for the first quarter of 2026, down about 8% from Rs7.156 billion a year earlier. Non-interest income rose sharply, but total income grew much more slowly than expenses, squeezing profit.
How much did Askari Bank earn in Q1 2026?
The Pakistan Stock Exchange (PSX) announcement puts Askari Bank’s consolidated profit after tax at Rs6,584.684 million, with earnings per share (EPS) of Rs4.54. The prior-year comparison reported by Mettis Link News is consolidated profit after tax of Rs7.156 billion and EPS of Rs4.94, making the year-over-year declines about 8% and 8.1%, respectively.
The accounting basis matters: the PSX announcement separately reports unconsolidated profit after tax of Rs6,566.158 million and unconsolidated EPS of Rs4.53. These are standalone figures, not the consolidated results above. See the PSX financial announcement for the announced figures and the Mettis Link News breakdown for the year-over-year comparison.
Why did Askari Bank’s profit fall?
The clearest explanation in the reported breakdown is that costs grew much faster than income. Total income rose 7.45% year over year to Rs27.541 billion, while operating expenses increased 38.14% to Rs13.736 billion. Total non-mark-up/interest expenses were Rs13.875 billion, up 37.35%. As a result, profit before credit-loss allowance fell 12% to Rs13.666 billion.
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The scale of the gap is important: the reported operating-expense growth rate was more than five times the total-income growth rate. The figures support a cost-growth explanation for the profit decline, but the published summary does not provide a category-by-category expense bridge, so it does not establish which specific costs drove the increase.
How did income change?
Net mark-up/interest income increased 1.04% year over year to Rs22.151 billion. Non-mark-up/interest income grew much faster, rising 45.34% to Rs5.390 billion from Rs3.708 billion. Despite that strong growth, the non-interest stream was not large enough to offset the relatively modest increase in total income alongside the jump in expenses.
Sources of non-interest income growth
- Gains on securities: Rs1.952 billion, up 135.58% year over year.
- Fee and commission income: Rs2.209 billion, up 25.22%.
- Foreign-exchange income: Rs836.87 million, up 18.28%.
These are reported income components. The figures alone do not establish the bank’s strategy or the reasons for the securities gains.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What was the credit-loss allowance and dividend?
The reported net credit-loss allowance reversal/write-off was Rs81.521 million in Q1 2026, compared with a Rs255.798 million charge in Q1 2025. Askari Bank also declared an interim dividend of Rs2.00 per share, equivalent to 20%. The PSX announcement lists the 20% dividend entitlement in its unconsolidated results section.
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