Corporate corner: HBL registers profit of Rs35.1 billion
HBL’s balance sheet has increased by 19% over December 2014 to Rs2.2 trillion
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.
Published in The Express Tribune, February 25th, 2016.
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 25th, 2016.