Tue, 21-Oct-2025

MCB Bank earns Rs9.6 billion as foreign exchange income in 2022

MCB Bank

KARACHI: The MCB Bank Limited has earned Rs9.6 billion as foreign exchange income during the year ended December 31, 2022, mainly due to the massive rupee depreciation. The foreign exchange income of the bank surged 149 per cent during the year under review to Rs9.6 billion, compared with Rs3.85 billion in the preceding year. The … Read more

Allied Bank announces annual earnings at Rs17.5 billion

allied bank

KARACHI: The earnings of Allied Bank Limited (ABL) declined 5 per cent on a year-on-year basis to Rs17.5 billion for the year ended December 31, 2021. While growth in net fee income (NFI) and reversal in provisioning supported the overall earnings, profitability for the year was down in 2021 mainly due to lower net interest … Read more