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Pakistan's Habib Bank invests in online lender Finja

Pakistan’s leading bank wants to operate as a ‘tech company’ in spirit ....

Habib Bank , Abuz Aby , United Arab Emirates , Qasif Shahid , Al Buhairah , Monis Rahman , Image Credit , Gulf News Archives , Vostok Emerging Finance , Quona Capital , Muhammad Aurangzeb , ஹபீப் வங்கி , ஒன்றுபட்டது அரபு அமீரகங்கள் , மோனிச் ரஹ்மான் , படம் கடன் , வளைகுடா செய்தி காப்பகங்கள் , முஹம்மது ஆரஸர்ப் ,

PSX agreed to on boarding of HBL as 'Market Maker'

PSX agreed to on boarding of HBL as 'Market Maker'
dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.

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PSX Holds Gong Ceremony for Onboarding of HBL as Market Maker

PSX Holds Gong Ceremony for Onboarding of HBL as Market Maker
A Gong Ceremony was held at Pakistan Stock Exchange (PSX) to welcome HBL on board as a Market Maker for debt securities on PSX. An agreement was signed between PSX and HBL today at the PSX Trading Hall whereby HBL becomes Market Maker for debt instruments listed on PSX.
The agreement was signed between Mr. Farrukh H. Khan, MD & CEO, Pakistan Stock Exchange, and Mr. Muhammad Aurangzeb, President & CEO – HBL. Also present at the ceremony were the Board of Directors of PSX and senior management of both the organizations. ....

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HBL doubles Q1 profit to Rs14.5bn - Business

Habib Bank Ltd declared a consolidated profit before tax of Rs14.5 billion for Q1, 2021, doubling it from the same period last year. Photo courtesy HBL website
Habib Bank Ltd (HBL) declared a consolidated profit before tax of Rs14.5 billion on Tuesday for the quarter ended March 31, 2021 more than double that for the same period last year according to a press release issued by the bank.
Profit after tax also recorded a growth of 108 per cent over the year-ago period to Rs8.6bn while earnings per share increased from Rs2.79 to Rs5.68, the bank said.
The statement added that the bank declared a dividend of Rs1.75 per share while its Capital Adequacy Ratio (CAR) rose to 13.9pc with total CAR rising to 17pc, helped by strong profitability . ....

Habib Bank Ltd , Akhuwat Foundation , Development Authority , Capital Adequacy Ratio , Muhammad Aurangzeb , Banc Roshan Digital Account , Naya Pakistan Housing , ஹபீப் வங்கி லிமிடெட் , வளர்ச்சி அதிகாரம் , முஹம்மது ஆரஸர்ப் , பன்ச் ரோஷன் டிஜிட்டல் எண்ணுதல் , நயா பாக்கிஸ்தான் வீட்டுவசதி ,

HBL delivers stellar performance with Q1 2021 profit doubling to Rs.14.5 billion, with an enhanced focus on serving its customers

Daily Times
April 20, 2021
Karachi: HBL today declared a consolidated profit before tax of Rs 14.5 billion for the quarter ended March 31, 2021, more than double that for the same period last year. Profit after tax recorded a growth of 108% over Q1 2020 to Rs 8.6 billion. The Bank’s earnings per share increased from Rs 2.79 to Rs 5.68 in Q1 2021. Along with the results, the Bank declared a dividend of Rs 1.75 per share (17.5%). Helped by the strong profitability, the Bank’s Tier 1 CAR rose to 13.9%, with Total CAR increasing to 17.9%.
The Bank’s total deposit base closed at Rs 2.8 trillion, with robust CA and CASA ratios of 35.1% and 83.1% respectively. Average domestic deposits increased by a multi-year high of nearly 20% over Q1 2020, with average current accounts rising by more than Rs 120 billion. This led to a nearly Rs 500 billion expansion in the Bank’s average balance sheet in Q1 2021. Consequently, despite a much lower interest rate environment, net in ....

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