State Bank of Pakistan reports Rs2tr profit in FY26
State Bank of Pakistan (SBP) reported a 20% decline in its consolidated net profit for the fiscal year ended June 30, 2026, recording Rs1.99trillion compared to Rs2.51 trillion in the preceding fiscal year. The primary factor driving the reduction in overall net earnings was a contraction in total net interest income, which was partially buffered by a powerful recovery in foreign exchange earnings and dividend income. Interest and mark-up expenses contracted by 20% to Rs196.83bn (down from Rs245.43bn), net mark-up income dropped 26% to settle at Rs1.92 trillion compared to Rs2.60 trillion in the prior year. Non-mark-up revenue streams demonstrated notable resilience across key segments. Net exchange earnings posted a complete turnaround to record an exchange gain of Rs76.40bn (reversing an exchange loss of Rs54.96bn in FY25).