Staff Reporter
Karachi
The Board of Directors of Bank AL Habib Limited (the Bank) announced the financial results for the Half Year ended June 30, 2019. The Bank reported the profit before tax of Rs. 8.55 billion for the half year ended June 30, 2019 as compared to Rs. 7.08 billion for the corresponding period, showing a growth of 20.76 percent.
Profit before provisions of the Bank grew by 53.47 percent. The Bank improved its net income margins by 30.90 percent whereas Bank’s non-markup income grew by 32.91 percent during the half year ended June 30, 2019 as compared to corresponding period last year. Fee and Commission income which is earned mainly through trade business, general banking services, alternate delivery channels etc., showed exceptional increase of 29.19 percent during the half year ended June 30, 2019 compared to corresponding period ended.
