Corporate Corner: BankIslami posts Rs1,006m profit

KARACHI: BankIslami Pakistan Limited has reported a profit before tax of Rs1,006.4 million for the nine-month period ended September 30, 2016. The bank recorded an increase of 6.87% in deposits, from the same period last year, which crossed Rs155 billion. The bank’s asset base has grown significantly and closed at Rs192.8 billion denoting an increase of 6.78% from the same period last year. The bank’s deposit mix has also improved, which constituted 70.53% of the current and saving accounts (‘CASA’), due to which the cost of fund has declined by 154bps.

Published in The Express Tribune, October 23^rd, 2016.

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