HBL declares after tax profit of Rs4.7bn

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HBL declares after tax profit of Rs4.7bn

April 27, 2018

Karachi: HBL has declared a profit after tax of Rs4.7 billion, with earnings per share for Q1 18 at Rs 3.12.

Along with the results, the Board declared a dividend of Rs 1.00 per share (10%). Profit before tax was Rs 7.4 billion for the first quarter of 2018.

The consolidated Capital Adequacy Ratio (CAR) as at March 31, 2018 increased to 16.5% with the Tier 1 CAR at 12.3%.

HBL’s core domestic business remains strong, with steady growth and improvement in key drivers.

Total domestic deposits increased by 3%, crossing Rs.1.8 trillion and increasing market share to 14.4%.

The bulk of the growth came from CASA deposits as a result of which, the CASA ratio improved to 86.5% as at March 31, 2018.

The domestic loan book increased by Rs26 billion during the quarter with the ADR rising to nearly 43%.

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