Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Asia-PacificJuly 3 2017

Pakistan banks branch out to fight drop in profits

While relatively healthy, Pakistan’s banks are looking for ways to diversify in a bid to boost profits. These include digital branches, non-branch banking and more innovative lending, reports Edward Russell-Walling.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Pakistan’s banking industry remains healthy, growing its assets and deposits and showing improvements in asset quality and capital adequacy. Lower interest rates and investment returns have hurt profits, however, and are prompting a drive to diversify lending.

The basic statistics reveal a sector that is in generally good shape. Assets in 2016 increased year on year by 11.9% to $151bn, according to the central bank, the State Bank of Pakistan (SBP).

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial