Bank AL Habib declares pre-tax profit of Rs10.53b

Bank shows impressive growth in financing portfolio

KARACHI: The Board of Directors of Bank AL Habib Limited announced the financial results of the bank for the nine months period ended September 30, 2017.

As per the results, Bank AL Habib Limited continued its growth momentum and declared pre-tax profit of Rs10.53 billion for the period ended September 30, 2017 as compared to Rs9.39 billion in the corresponding period of last year, showing a growth of 12.1%. Profit-after-tax was recorded at Rs6.40 billion against Rs5.43 billion with a healthy growth of 17.9%. Earnings per share (EPS) of the bank were recorded at Rs5.76.



Bank AL Habib Limited’s total asset base grew by 14.9% over December 31, 2016 to reach Rs864 billion. The bank showed an impressive growth in its financing portfolio, which increased by 15.5%, from Rs261.4 billion in December 2016 to Rs301.8 billion in Sept 2017.

Published in The Express Tribune, October 25^th, 2017.

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