Bank Alfalah posts profit after tax of Rs7.9b

KARACHI: Bank Alfalah has announced its financial results for the year ended Dec 31, 2016, with the bank registering profit after tax of Rs7.9 billion in Dec 2016 as against Rs7.5 billion in Dec 2015, improving by 5%.

Earnings per share were reported at Rs4.96 as compared to Rs4.73 reported in December 2015. “Bank Alfalah’s performance in 2016 reflects yet another year of sound financial results amidst a challenging business environment,” said Bank Alfalah President and CEO Atif Bajwa. The bank’s total revenue remained at Rs37.6 billion against 37.5 billion last year. The bank’s total assets at December 2016 stood at Rs917 billion as against Rs903 billion in the previous year.

Published in The Express Tribune, February 28^th, 2017.

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