People's Bank achieves consolidated pre-tax profit of Rs. 17.7 b in 1Q

PEOPLE'S Bank yesterday announced its results for the period ended 31 March 2025, reporting a total consolidated operating income of Rs. 45.1 billion and post-tax profit of Rs. 11 billion, reflecting a growth of 120.8% and 347.2%, respectively.

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• Consolidated gross income crosses Rs. 100 b for 1Q alone Reports group 'all-time high' post-tax profit of Rs. 11 b Total consolidated assets, deposits, and net loans expand to Rs. 3.6 t, Rs. 3.1 t, and Rs. 1.7 t, respectively, as at 31 March 2025

• Continues to remain at institutional all-time highs; All Currency and Rupee liquidity coverage over 282.9% and 340.3%, respectively

• Total consolidated capital adequacy strong at 17%, whilst 16.5% on solo basis, with Common Equity Tier I being 11.8% and 10.5%, respectively

• Digital onboarding continues with total customer base at 3.3 m at end March 2025 and increasing, the largest for any financial services provider in country

Consolidated net interest income rose to Rs. 38.6 billion during the said period from Rs. 16.1 billion in the comparable period in 2024 - reflecting timely pricing of assets and liabilities in line with changing market interest rates. As a result, consolidated net interest margins improved to 4.3% in 2025 from 2% in 2024. Consolidated net fees and commissions amounted to Rs. 4.5 billion for the period, representing a growth of 20.6% - also a group all-time high for the same period. Total consolidated operating expenses amounted to Rs. 19.9 billion, up from Rs. 17.6 billion in 2024.