JS Bank Limited, one of Pakistan's fastest growing and upcoming banks announced its financial results for the third quarter, 2008. The bank has seen some robust performance, successfully earning a net profit of Rs 122.57 million for the period ended on September 30, 2008.

During the quarter, JS Bank also saw its deposit base witness a steady growth standing at Rs 14.70 billion on September 30, 2008. Likewise total assets of the bank have also shown an upward trend having reached a level of Rs 21.88 billion as at September 30, 2008.

Given that the bank has shown such robust performance in what has been a difficult time for the local economy, is a testament to the prudent management and financial discipline at the bank. As a result of the bank achieving such positive numbers, the Board of Directors of JS Bank in a meeting held on September 29, 2008 announced one Right Share for every five shares held i.e. 20% at par value of Rs.10/- per share, December 5, 2008 being the last date of payment.