The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on October 22, 2026, approved the Bank’s financial results for the nine-months period ended September 30, 2026. The Board of the Bank also declared a third interim cash dividend of PKR 1.50/- per share (30%), cumulatively bringing the cash dividend payout for the nine-months period to PKR 4.50/- per share (90%) [SPLY 2025 (restated): PKR 3.75 per share (75%)].
Financial Performance
BAFL witnessed robust growth of 42.8% from the same period last year (SPLY) and posted a profit after tax of PKR 30.61 billion, with increased earnings per share of PKR 9.71 in 9M’26 from PKR 6.80 in 9M’25. Growth in bottom line was driven primarily by capital gains, improved net interest income, and contained expenses while fully maintaining alignment with core strategic objectives.
Total deposits remained above the 2.5 trillion mark and closed at PKR 2.62 trillion with 20.8% Year on Year (YoY) growth. While current deposits reached PKR 1.10 trillion, reflecting an increase of 16.9% YoY. The gross loan book of the Bank also grew to PKR 1.20 trillion, an 11.3% YoY increase on account of expansion across SME, Agri, and Consumer segments.
Strong core performance saw the Bank achieve a 5.5% YoY increase in Net Interest Income (NII), supported by sustained higher average current account volumes and improved margins on credit. Non-funded income delivered an outstanding growth of 31.1% on account of the timely capital gains from strategic portfolio rebalancing, increased foreign exchange income, and diversified fee growth. This fee growth was witnessed across remittances, the G2P schemes, branch banking channel, trade, and cash and wealth management services. Bank Alfalah’s ongoing cost-optimisation has effectively limited operating expenses’ growth to 4.1%. Moving forward, the Bank will continue to drive operational excellence through disciplined cost management, ensuring sustainable growth while strengthening its long-term competitiveness in customer-centricity and digital innovation.
The Bank remained adequately capitalised with capital adequacy ratio of 14.79% as of September 30, 2026.
Major Milestones
Bank Alfalah successfully concluded the PKR 20 billion Subordinated Tier II Term Finance Certificate (TFC) issuance in Q3’2026 and the TFC is now listed on Pakistan Stock Exchange (PSX).
Demonstrating its leadership in digital transformation, Bank Alfalah won the coveted “Best Bank for Digital Excellence Award” for the 5th (fifth) consecutive year at the 11th Pakistan Banking Awards (PBA 2026). This award recognised the Bank’s relentless focus on financial automation and digital lifestyle automation.
Bank Alfalah remains deeply committed to a sustainable future, continuously investing in community development through its CSR and Islamic Charity initiatives with over PKR 400 million in 9M’26 to build a resilient economic, social and environmental capital.
Outlook
Bank Alfalah will remain focused towards sustainable growth and its strategic priorities mainly through growth in its Consumer and Small Medium Enterprise (SME) lending portfolios along with strong low-cost deposit base. The Bank will continue to allocate capital towards digital transformation, Environmental, Social and Governance (ESG), and operational efficiency to optimise customer experience and ensure sustained value creation for its stakeholders.
Media Contacts.
Sunil Kumar Dhingra
Manager-Media Relations
0307-2229626
Madiha Javed Qureshi
Head of Corporate Communications
