Corporate corner: HBL registers profit of Rs35.1 billion

KARACHI:

Habib Bank Limited on Wednesday declared its results for the full year 2015, delivering a record post tax profit of Rs35.1 billion, growing 11% year-on-year. Pre-tax profit surged to an impressive Rs60.3 billion, increasing by 25% over 2014. Earnings per share for 2015 increased to Rs23.93 compared to Rs21.56 for 2014. With the results, HBL declared a dividend of Rs3.50 per share, bringing total dividend for the year to Rs14 per share.

HBL’s balance sheet has increased by 19% over December 2014 to Rs2.2 trillion. Current accounts grew by 15% to reach a massive Rs600 billion and the ratio of current accounts has now risen to 36.7% from 34.2% in December 2014.With loans also growing, net interest income for 2015 increased by 14% to Rs78.2 billion.

Published in The Express Tribune, February 25^th,  2016.

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