Karachi: JS Bank has crossed the milestone of more than 500 billion rupees in deposits.
This achievement is the result of an outstanding and strong performance in the year 2023 in which the bank achieved a pre-tax profit of Rs 8.5 billion, which is four times higher than the previous year.
Deposits of JS Bank in 2023 were 486 billion rupees while total assets were 589 billion rupees. While JS Bank has made efforts to expand its digital footprint, 80 percent of the bank’s physical branches are equipped with digital account opening facility, while the number of users has also increased by 46 percent.
Basir Shamsi, President and CEO of JS Bank, said that this achievement is a testament to our team’s dedication and commitment to deliver high quality products and services to customers and partners. These outstanding results are the result of the combined efforts of various departments including Retail, Transaction Banking, Corporate Banking, Digital Banking groups and reflect our shared commitment to continuous growth and service improvement.