Business

LAHORE (Staff Report) – Habib Bank Limited has claimed to become the first Pakistani bank to cross the Rs.2 trillion mark in deposits by the end of second half of 2015 which saw a growth of 18 percent in the profit standing at Rs17.2 billion compared with the same period of 2014.


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The balance sheet has crossed the Rs2 trillion mark, growing by 12% over December 2014, with current accounts now forming an impressive 36.5% of total deposits.

The bank has first time exceeded its deposit of Rs 1 trillion by the end of August in 2012 though the bank witnessed immense inflows of investments from the customers in the highly competitive banking industry.

According to the financial results, the pre-tax profit surged by a massive 41% to Rs. 31.2 billion whereas the earnings per share for the half year increased to Rs. 11.34 as against Rs9.88 for the first half of 2014.
Consequently, the board declared a dividend of Rs3.50 per share for the quarter.