The board of directors of Bank AL Habib Limited announced financial results for the half year ended June 30, 2020. According to the results, Bank AL Habib’s profit after tax was recorded at Rs7.23 billion for the half year ended June 30, 2020 compared to Rs4.46 billion for the corresponding period of last year, showing a growth of 61.96%. Earnings per share (EPS) was recorded at Rs6.50. Profit before tax was recorded at Rs12.10 billion, showing an increase of 41.61%, whereas profit before provisions and tax was reported at Rs14.28 billion. Bank AL Habib improved its net mark-up income by 38.65%. Deposits of the bank increased by Rs138.02 billion, bringing the total deposits to Rs1.04 trillion as on June 30, 2020, showing a growth of 15.27%. Advances of the bank increased by 4.43%, bringing the total net advances to Rs510.31 billion as on June 30, 2020 compared to Rs488.67 billion as on December 31, 2019.
Published in The Express Tribune, August 18th, 2020.
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