United Bank Limited (UBL) continued to dominate Pakistan’s banking sector profitability in the first quarter of 2026, maintaining its position as the top-earning bank, followed by Meezan Bank, National Bank of Pakistan, and Habib Bank Limited. Sector data compiled by Topline Securities shows UBL reported its highest-ever profit of around Rs. 48 billion in 1Q2026, driven by robust income growth and gains on investments.

Sector data compiled by Topline Securities shows UBL reported its highest-ever profit of around Rs. 48 billion in 1Q2026, driven by robust income growth and gains on investments.

The gap between UBL and the rest of the sector is substantial. Meezan Bank ranked second with a profit of about Rs. 22 to 23 billion, nearly half of UBL’s earnings.

National Bank of Pakistan followed with a profit in the range of Rs. 16 billion, while Habib Bank Limited reported a profit after tax of around Rs. 16.2 billion for the quarter.

Mid-tier banks showed a noticeable drop in earnings. MCB Bank reported a profit of about Rs. 13 billion, while Bank Alfalah posted around Rs. 11 billion. Allied Bank and Bank AL Habib recorded profits in the range of Rs. 8 to 9 billion, further widening the gap between top and mid-tier players.

UBL’s strong performance was driven by high net interest income of around Rs. 99 billion, compared to Rs. 84 billion last year, along with gains on investments and better balance sheet positioning.

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