The Board of Directors of Bank AL Habib Limited (the Bank) announced the Bank’s financial results for the year ended 31 December 2021 and proposed 70 percent cash dividend. The Bank posted profit after taxation of Rs. 18.70 billion i.e. an increase of 5.00 percent compared to the previous year.
The Bank’s profit before tax was recorded at Rs. 30.27 billion, translating into an EPS of Rs. 16.83 per share as against Rs. 16.03 per share for the prior year.The Bank managed to significantly increase its fee and commission income by 40.21 percent as compared to the corresponding period last year. The Bank reported an increase in foreign exchange income by 38.60 percent. Dividend income for the year ended 31 December 2021 was recorded at Rs. 655.08 million.
Total Assets reached to Rs. 1.85 trillion, an increase of 21.52 percent as compared to 31 December 2020. Net loans and advances grew by 43.81 percent to reach Rs. 733.80 billion whilst the investments increased by 8.06 percent to reach Rs. 826.60 billion, demonstrating an overall growth in the total assets, compared to the previous year.
