Profit before tax: BankIslami earns Rs608 million
BankIslami Pakistan Limited, in which Dubai Bank is the largest shareholder, posted profit before tax of Rs608.5 million in 2011 compared to Rs44.50 million in 2010, says a press release.
The bank also recorded an increase of 32.4% in deposits, which crossed Rs50 billion.
Commenting on the results, BankIslami CEO Hasan A Bilgrami said the bank is all set to commence the second wave of network expansion with a target to cross 200 branches in next three years. At present, the bank has 102 branches in 49 cities of the country.
Published in The Express Tribune, March 15th, 2012.
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