Allied Bank Limited (ABL) announced its annual result for the current year 2015. The bank declared a profit after tax of Rs 15.12 billion for the year as compared to Rs 15.02 billion it reported for the same period ended 2014, translating into a mere growth of 0.7% with a support of increased net interest income. The earnings per share (EPS) for the year-end 2015 is announced Rs 13.2/share as compared to Rs 13.11/share it announced at year-end 2014.

Net earnings reserved: The bank’s net earnings during the year was restrained by 44.5% higher side taxation, from Rs 7.2 billion in CY14 to Rs 10.4 billion in CY15. This increment was attributed to one time super tax imposition of 4%. This effect diluted 14.9% growth in pre-tax profit from Rs 22.2 billion last year to Rs 25.5 billion this year. The bank announce final hpw cash dividend of Rs 1.75/share. With this, the total cash dividend for the year reached of Rs 7/share. Net interest income surged 28% Allied Bank’s net interest income jumped up by 28% from Rs 28.19 billion in CY14 to Rs 36.14 billion in CY15. The bank reached this target through the volumetric growth, investments in PIBs and optimum mix in earning assets; as well as improvement in the bank’s deposits mix.

Net interest income surged 28%: Allied Bank’s net interest income jumped up by 28% from Rs 28.19 billion in CY14 to Rs 36.14 billion in CY15. The bank reached this target through the volumetric growth, investments in PIBs and optimum mix in earning assets; as well as improvement in the bank’s deposits mix.

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By: Azee Securities Private Limited

PERFORMANCE-OF-ABL

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