Press Release Published April 20, 2026 Updated about an hour ago KARACHI: HBL declared a consolidated profit before tax of Rs 33.7 billion, and a profit after tax of Rs 16.2 billion for the quarter ended March 31, 2026. EPS for Q1’26 was Rs 11.0. Along with the results, the Bank declared an interim dividend of Rs 6.00 per share for the quarter. HBL’s balance sheet increased to Rs 8.1 trillion, with domestic deposits closing at Rs 4.6 trillion and total deposits at Rs 5.4 trillion. Current account remained a priority for the Bank, as a result the domestic CA mix improved to 38.6 percent in March 2026. HBL’s total advances stood north of Rs 2.0 trillion. The Bank’s flagship Consumer portfolio continued its stellar growth trajectory, reaching Rs 180 billion, while the Group’s agriculture financing increased to over Rs 100 billion. Despite a reduction in the policy rate, HBL’s interest margins were effectively supported by volumetric expansion of 15 percent in the average domestic balance sheet, and a reduction in deposit cost led by consistent growth in the average current accounts. HBL’s fee franchise contributed strongly to the revenue, with the flagship Cards business driving nearly 50% of the total fees. Cash management and Remittances also registered remarkable growths in fee. As a result, HBL’s total revenue for the quarter increased to Rs 92 billion. With effective cost management and oversight, the Bank’s administrative expenses growth was contained to a low of 6 percent. With sustained profitability, HBL’s Tier I CAR of 13.8 percent and Total CAR of 16.7 percent remained well above the requirements. Commenting on the Bank’s performance, Muhammad Nassir Salim, President & CEO – HBL, said, “In Q1’26, HBL’s strong business performance continued with the momentum 2025 ended on. The Bank unlocked revenue synergies underpinned by a lean cost base. This contributed to improving our cost-to-income trajectory while supporting sustainable growth. The in-progress Brand Refresh provides our clients a context on how they experience HBL as a brand of choice, making every interaction relevant and engaging. The start of HBLPSL 11, a…