Staff Reporter
Karachi
HabibMetro Bank posted a profit-before-tax of Rs. 5.7 billion for the half year ended June 30th, 2019, with a healthy growth of 20% year-on-year. In its performance in the first half the year, the Bank’s total assets increased by 24% to Rs. 839 billion, and its deposit base increased by 14% to Rs. 592 billion. The Bank registered continued growth in its trade finance business. It also posted an increased EPS of Rs. 3.03.
The Pakistan Credit Rating Agency (PACRA) assigned premium credit ratings of AA+ and A1+ to HabibMetro Bank for the 18th consecutive year. The Bank currently operates with 370 branches in more than 120 cities across Pakistan.
HabibMetro Bank is a subsidiary of Habib Bank AG Zurich, an international banking group that enjoys a financial presence in 8 countries across 4 continents. Habib Bank AG Zurich completed 50 years of international banking operations in 2018.
