ISLAMABAD: Bank Al Habib Limited (BAHL) reported a 17% rise in net profit during the first half of the ongoing calendar year 2024 compared to the corresponding period of 2023, reports WealthPK. As per the bank’s unconsolidated interim statement, the profit-before-tax (PBT) increased by 31%.
This resulted in earnings per share (EPS) of Rs18.97, up from Rs16.27 recorded in the same period last year. For the first half of CY24, the bank registered a net markup income of Rs74.1 billion compared to Rs50.9 billion in the same period of 2023. Additionally, the non-markup income reflected a 21% year-on-year (YoY) increase. This rise in non-markup income was primarily driven by higher fee and commission income and growth in other income. The robust financial performance reflects the bank’s commitment to a customer-centric approach and prudent risk management practices. INP
