Karachi, April 19, 2022 (PPI-OT): Commercial Banks – Bank AL Habib Limited

Earnings: Bank Al Habib (BAHL) announced its financial result for the first quarter of the year 2022. As per the financial result, the bank reported earnings of PKR 5bn (PKR 4.5/share) compared to last year PKR 4.6bn (PKR 4.1/share), an increase of 8%y.

Dividends/Payouts: The bank did not announce any interim cash dividend this quarter nor it did last year.

Operating performance: During the period under review, the bank reported net-interest income of PKR 16bn (up by 22%y) and non-interest income of PKR 4.2bn (up by 31%y). As a result, total revenue of the bank stood at PKR 20.2bn (up by 24%y). Moreover, the bank recorded operating expenses of PKR 11.8bn (up by 25%y) which deteriorated bank’s cost/income ratio to 56.6% (last year: 51.2%). The bank booked a provision charge of PKR 0.2mn.