KARACHI: The annual profit-before-tax of banks climbed 42 per cent on a year on year (YoY) basis in the calendar year, while the pre-tax-profit before provisioning went up 50 per cent YoY, according to analysts at Topline Securities. Pakistan’s listed banks profitability (PAT) increased 15 per cent YoY to Rs307 billion in 2022. Despite record … Read more
KARACHI: The Habib Bank Limited (HBL) on Thursday declared 13 per cent growth in its net profit for the year ended December 31, 2021, a bourse filing said. The profit-after -tax of the bank increased to Rs35 billion for the year under review, compared with Rs30.89 billion in the preceding year. The bank declared the … Read more
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
