Karachi, February 15, 2023 (PPI-OT): Commercial Banks – Bank Al Habib Limited

Earnings: Bank Al Habib Limited (BAHL) announced its annual result for the year 2022, whereby the Bank
reported earnings of PKR 16.6bn (PKR 14.9/share) during CY22 compared to PKR 18.7bn (PKR 16.8/share)
last year, a decline of 11.4%y/y.

Dividend/Payout: The bank announced a final cash dividend of PKR 7/share for the year.

Operating Performance: During the period under review, the Bank reported net-interest income of PKR
77.3bn (up by +39%y/y) and non-interest income of PKR 21.2bn (up by +51.1%y/y). As a result, total
revenue of the bank stood at PKR 98.5bn (up by +41.5%y/y). Moreover, BAHL recorded operating
expenses of PKR 52.8bn (up by +33.9%y/y) that improved bank’s cost/income ratio to 54% (last year:
57%). However, the Bank booked a hefty provision charge of PKR 12.9bn during CY22 that deteriorated its
bottom-line. Tax charge for the year came at PKR 16.3bn (effective tax rate of 50%).