Bank Al Habib Declares Profits of Rs. 12.88 Billion in First 9 Months of 2019

The Board of Directors of Bank AL Habib Limited have announced the financial results for the nine months period that ended on September 30, 2019.

The bank reported the profit before tax of Rs. 12.88 billion for the nine-month period as compared to Rs. 9.92 billion for the corresponding period last year, showing a growth of 29.84 percent. Earnings per share (EPS) was recorded at Rs. 6.30 showing an increase of 18.64 percent over the corresponding period last year.


Profit before provisions of grew by 55.14 percent. The bank improved its net mark-up income by 33.42 percent. Fee and Commission income, which is earned mainly through trade business, general banking services, alternate delivery channels etc., showed an exceptional increase of 25.84 percent over the corresponding period last year.

The bank’s foreign exchange income has increased by 42.43 percent. The dividend income for the nine-month period was recorded at Rs. 349 million.

Deposits of the bank increased by Rs. 65.41 billion, bringing the total deposits to Rs. 862.31 billion as on September 30, 2019. Total assets of the bank were recorded at Rs. 1.29 trillion, showing an increase of 23.24 percent. Prudent financing strategies and sound risk management policies of the bank kept the non-performing advances to gross advances ratio at 1.41 percent.

The bank has performed well in expanding revenue streams and curtailing its expenses which resulted in a decrease in operating cost-to-income ratio to 55.84 percent from 62.54 percent as compared to the corresponding period last year.