Profit before tax: BankIslami earns Rs608 million

KARACHI:

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 15^th, 2012.