Karachi: Habib Bank Limited (HBL) has announced a record quarterly profit before tax of Rs 41.9 billion for the third quarter of 2026, contributing to a total profit before tax of Rs 115 billion for the first nine months of the year. The bank's profit after tax rose to Rs 54.1 billion, with earnings per share increasing to Rs 36.84. Additionally, HBL declared an interim cash dividend of Rs 6.0 per share for the third quarter.
According to Habib Bank Limited, the bank's balance sheet expanded by 16%, reaching Rs 8.9 trillion, with total deposits closing at Rs 5.9 trillion. Domestic deposits increased to Rs 5.1 trillion, partially due to strong current account mobilization. The bank's lending activities also saw growth, with total advances rising to Rs 2.2 trillion, highlighting significant advancements in consumer and agricultural financing.
HBL's net interest income increased to Rs 210 billion, driven by volumetric expansion and a stronger funding mix. The non-fund income climbed to Rs 73 billion, reflecting double-digit growth in fees and commissions. HBL's revenue totaled Rs 283 billion, while disciplined cost management kept administrative expenses growth at 6%.
Muhammad Nassir Salim, President and CEO of HBL, emphasized the bank's strategic focus on innovation, efficiency, and client experience to achieve sustainable growth. The bank's technological modernization efforts included the implementation of Temenos Transact, with over 800 branches integrated into the platform.
HBL's international and domestic initiatives included a strategic cooperation with UnionPay International in China and the inauguration of its first Trade Business Center in Sindh, Pakistan. The bank also entered a Bank Master Policy arrangement with the Export-Import Bank of Pakistan to support local exporters.
HBL's Islamic Banking division was appointed as the Exclusive Banking Partner for Hajj 2027, and the bank continued its engagement with overseas Pakistanis through Roshan Digital Account roadshows in the UK. The HBL Foundation contributed Rs. 300 million towards various social initiatives in Pakistan.
The bank received several accolades, including 'Pakistan's Best Bank' by Euromoney, and recognition in Islamic finance and gender diversity awards.