Bank AlHabib announced its Half Year 2021 Financial Results where it Posted strong Net Profit of PKR 9.038 billion compared to PKR 7.225 billion in half year period of 2020, marking a 25% increase in profit.

Strong earnings were possible as BAHL further consolidated its position, strengthened its balance sheet and managed its Earnings Yields despite lower Interest Rates scenario.

Though Banks Interest Income declined by 15% YoY to PKR55bn, Bank managed to increase its Net Interest Income 27.4bn compared to PKR 27bn in last year. Net Interest Margins has significantly increased to ~50% compared to 41% in last year. The feast is commendable specially in the wake of lower Interest Rates scenario.

Significant improvement was witnessed in Non-interest Income which rosed to PKR 6bn, marking a 42%YoY increase. This was on back of higher Fee Commissions and FX income.

Moreover, Bank was able to contain its Provisioning’s which stood at a reversal of PKR129million against hefty provisioning of PKR 2bn in last year.

Net Profit stood at hefty PKR 9bn compared to PKR7.225bn in last year.

PKR in Million1HCY21 1HCY20Change%
Markkup Earned55,06165,374-16%
Markup Expensed27,65838,304-28%
Net Markup Income27,40327,0701.30%
Non Mark up Interest Income6,0784,28142%
Total income33,48131,3517%
Non Mark-up Expense19,16917,07112%
Provisioning (Reversal)-292,178 
Proft Before Taxation14,34112,10119%
Proft Afer Taxation9,0387,22525%
EPS (PKR)8.136.525%
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