Askari Bank Limited reported earnings per share of PKR 5.13 in 3QCY25, up 25% from PKR 4.11 in 3QCY24. This translates into profit after tax of PKR 7.4 Bn compared to PKR 6.0 Bn in SPLY. The bank declared a dividend of PKR 1.25 per share in 3QCY25 compared to no dividend in 3QCY24.
The management highlighted that it plans to maintain quarterly dividends policy in the future. Total revenue in 3QCY25 reached PKR 29.1 Bn against PKR 21.9 Bn in 3QCY24, an increase of 9%. This was primarily driven by a 19% increase in non-mark-up income from PKR 12.9 Bn in 3QCY24 to PKR 15.4 Bn in 3QCY25.
The bank saw its total deposits rise from PKR 1.36 Trn at the end of CY24 to PKR 1.52 Trn at the end of 3QCY25, an increase of 11%. Current & savings accounts now stand at 84% of the bank’s deposit base out of which 30% is current accounts. Going forward, the management expects its total deposit growth to remain in line with industry trends with current accounts deposit growth to outpace.
Investments stood at PKR 1.97 Trn at Sep-2025, up 30% from PKR 1.51 Trn at the end of CY24. The mix between fixed and floating rate PIBs is 85:15 with an average maturity of 2.5 years and a yield of about 13% on fixed rate PIBs. The bank’s gross ADR stood at 38.7% as of Sep-2025, down from 53.8% as of Dec-2024. On the other hand, the CAR ratio improved to 22.7% as of Sep-2025 compared to 21.4% as of Dec 2024.
Similarly, the bank’s cost to income ratio declined to 44% compared to 48% in SPLY. However, the bank highlighted that due to ongoing expansion of both headcount and tech infrastructure it sees this rising to near 50% in the future but not significantly higher.
The bank also expects over 50% of its branches to be Islamic by the end of this year. Alongside this, the management also hopes to push for a ratings upgrade once the audited financials for CY25 are published. Moving forward, the management apprised that their focus for profitability will remain on increasing low-cost deposits to counter margin compression and integration of technology and AI to modernize and scale their operations.
Important Disclosures
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