KARACHI: The Board of Directors of Bank AL Habib Limited announced the financial results for the year ended December 31, 2017. As per the results, the bank continued its growth momentum even in the backdrop of low interest rate scenario and declared a pre-tax profit of Rs14.04 billion for the year ended December 31, 2017 as compared to Rs13.16 billion for the corresponding year showing a growth of 6.69%. Profit after tax for the year was recorded at Rs8.65 billion against Rs8.12 billion for the corresponding year showing a growth of 6.53%. Earnings per share (EPS) of the bank were recorded at Rs7.78 per share. The bank’s total asset base increased by 22.31%, compared to last year and reached Rs919.05 billion. The bank’s loan book expanded significantly, standing at Rs339.83 billion as of December 31, 2017, showing an impressive growth of 30% in net advances, compared to the previous year end.
Published in The Express Tribune, February 15th, 2018.
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