The 19 listed banks ended June 2026 with assets 17.9% above a year earlier, while H1 profit rose 2.6%. This dashboard compares profitability, margins, lending, investments, funding and income mix across the sector.
H1-2026 is compared with H1-2025. Income items are January-June sums; balance-sheet items are 30 June snapshots. PKR B unless stated. Coverage: 19 listed banks (14 consolidated, 5 standalone). Silkbank is excluded after its merger into UBL. Source: bank financial statements via MG Link.
Sector scorecard
Bank-by-bank comparison
Assets and deposits both rose about 18% year-on-year, while profit increased 2.6%. UBL led sector profit with a low advances-to-deposits ratio and unusually large investment and borrowing books.
Read across for a bank's profile or down for a sector comparison. Cells are shaded by direction: green marks the stronger side of each measure, red the weaker or riskier side (for example, higher investment and borrowing ratios shade red as greater exposure).
Net margin is the net interest margin (lending spread). Advances / deposits and investments / deposits show how much of deposits each bank lends versus places in securities. Fee income is fees as a share of total income. Borrowings / equity compares wholesale borrowing to book equity. All half-year or period-end figures.
H1-2026. P&L figures are half-year totals; balance-sheet ratios are period-end. NIM is estimated. Islamic banks (Meezan, BankIslami) are measured on Islamic financing; BML is omitted from ratio rankings where its negative income distorts them.
Profitability
Profit & margins
Sector profit rose 2.6% to PKR 341B in H1-2026, against a 17.9% increase in assets. Net markup income was almost unchanged; fee and commission income rose 22.2%.
UBL earned PKR 85.9B, up 34.7% year-on-year and the largest absolute increase. NBP earned PKR 33.3B, down 23.4% and the largest absolute decline.
Profit by bank: H1-2025 vs H1-2026
PKR B · hollow = H1-2025 · solid = H1-2026 · green = grew · red = fell · sorted by H1-2026
Source: bank financial statements via MG Link.
Net interest margins: level and change
Estimated NIM = annualised net markup / average earning assets · hollow = H1-2025 · solid = H1-2026
H1-2025H1-2026WidenedNarrowed
Source: bank financial statements via MG Link.
Earning assets include advances or Islamic financing, investments, lendings to financial institutions and balances with other banks. Only BOP widened its margin; BML is excluded.
Profit trends
Profit by half
Tracking profit over successive halves shows who is climbing and who has turned. UBL and Meezan trend up across the last four halves; NBP peaked in H1-2025 and has fallen since, while most banks sit broadly flat.
PAT per half, PKR B · H2-2024 to H1-2026 · YoY = H1-2026 vs H1-2025
YoY compares like halves; adjacent halves are not seasonally adjusted.
Balance sheets
Lending & investments
At 30 June 2026, advances were about 35% of deposits across the sample, while investments were roughly equal to deposits. At the median bank, ADR was 36% and IDR 77%.
Among banks earning at least PKR 5B, Faysal had the highest ADR at 52%, followed by Habib Metropolitan at 46% and Bank of Punjab at 44%. UBL's ADR was 25% and IDR 195%.
Lending and investment, by bank
X = ADR · Y = IDR · dot size = PAT · dashed = medians · upper-left = investment-heavy · lower-right = lending-heavy
Source: bank financial statements via MG Link.
June 2026. For Islamic banks (Meezan, BankIslami), lending is measured as Islamic financing.
Funding
Deposits & borrowings
UBL's deposits grew 43% year-on-year. At 30 June 2026, borrowings were 131% of deposits and 15.2 times book equity; no other bank had borrowings above deposits.
Borrowings vs deposits and equity
X = borrowings / deposits · Y = borrowings / equity · dot size = PAT · red = borrowings above deposits
Source: bank financial statements via MG Link.
June 2026. The chart plots borrowings against deposits (horizontal) and against book equity (vertical). Borrowings above 100% of deposits mean a bank owes more to wholesale lenders than to depositors.
UBL borrowings / deposits, over time
Borrowings / deposits, % · H1-2021 to H1-2026
Source: bank financial statements via MG Link.
UBL peaked near 184% in H2-2024; June 2026 was 131%, versus a sector average of about 41%.
Deposit growth
June 2026 vs June 2025 · banks with PAT ≥ PKR 5B
Deposit mix: current, savings and term
June 2026 · share of each bank's deposits. Current accounts are the cheapest funding (little or no interest), term deposits the most expensive. A larger dark band means cheaper funding, which supports the margin.
Source: bank financial statements via MG Link.
Current accounts are the cheapest funding; sorted by current-account share. Among the large banks, UBL has the highest current-account share and Bank of Punjab the lowest. Current + savings is the CASA base. Meezan (MEBL*) discloses its deposit split only at year-end; its bar uses the December 2025 mix, the latest available.
Income
Income mix
With net markup income flat, banks leaned on income that does not depend on the rate cycle. Fee and commission income did the heavy lifting, and foreign-exchange and other non-markup lines added to it.
Fee growth was highest at Meezan (64%), Askari (60%), BOP (57%) and MCB (51%). Fee share was highest at Faysal (18%) and BOP (17%); UBL was 7%.
Income mix by bank
H1-2026, PKR B · net markup · fees & commission · FX · other income
Source: bank financial statements via MG Link.
Fee income share
Fee & commission income / total income, H1-2026
BML excluded because total income is negative.
Reference
Bank-level metrics
H1-2026 unless noted.
Profitability
ROE versus ROA
Annualised H1-2026 · X = ROE · Y = ROA
ROE mechanics: ROA vs equity multiplier
X = assets / book equity · Y = annualised ROA · accounting decomposition
Return on equity
Annualised H1-2026
Fee income share
Fee & commission income / total income, H1-2026
Profit & income levels (PKR B)
Profit after tax
H1-2026, PKR B
Profit after tax, YoY
H1-2026 versus H1-2025
Gross markup
H1-2026, PKR B
Net markup
H1-2026, PKR B · gross markup less funding expense
