{"id":422244,"date":"2024-08-02T00:06:48","date_gmt":"2024-08-01T19:06:48","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=422244"},"modified":"2024-08-02T00:06:48","modified_gmt":"2024-08-01T19:06:48","slug":"bank-alfalah-reports-substantial-growth","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/bank-alfalah-reports-substantial-growth\/","title":{"rendered":"Bank Alfalah reports substantial growth"},"content":{"rendered":"<p>ISLAMABAD: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on August 01, 2024, approved the Bank\u2019s financial results for the half year ended June 30, 2024. The Bank reported profit after tax of PKR 20.609 billion, representing Earning Per Share (EPS) of PKR 13.07. The Board of Directors declared an interim cash dividend of PKR 2.00 per share (20%) for the quarter ended June 30, 2024, bringing the total interim cash dividend for the year to PKR 4.00 per share (40%). The Board had earlier declared and paid an interim cash dividend of PKR 2.00 per share (20%). The Bank\u2019s deposit base closed at Rs. 2.102 trillion as at June 30, 2024; representing a 18.3% yearyear (YoY) increase. CA and CASA ratios stood at 41.4% and 68.9% respectively. The Bank remains focusedon strengthening its customer franchise by gearing towards its strategic pillars of expansion and innovation. The Bank reported its advances at Rs. 820.004 billion while upholding robust credit discipline amid challenging market conditions, and has sufficient provision against non-performing loans with a coverage of 118.5%, including general provision.  DNA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on August 01, 2024, approved the Bank\u2019s financial results for the half year ended June 30, 2024. The Bank reported profit after tax of PKR 20.609 billion, representing Earning Per Share (EPS) of PKR 13.07. The Board of Directors declared an [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-422244","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bank Alfalah reports substantial growth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/bank-alfalah-reports-substantial-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Alfalah reports substantial growth\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on August 01, 2024, approved the Bank\u2019s financial results for the half year ended June 30, 2024. 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