HBL stands out as the first Bank to hit Rs 3 Trillion deposits in Pakistan – Ukaaj.com | A great real estate is HERE !

HBL stands out as the first Bank to hit Rs 3 Trillion deposits in Pakistan

  • 2 months ago
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HBL announced its H1 2021 results, continuing its momentum from the quarter and increasing its consolidated profit before tax (PBT) for Q2’21 by 15% over Q1 2021. Total PBT for H1 2021 increased by 21 % ( Rs. 31.2 billion). After-tax cross, HBL’s profit Rs 18.0 billion, with earnings per share growing from Rs 10.32 in H1 2020 to Rs 12.04 in H1 2021. At the same time, the Bank announced a dividend of Rs 1.75 per share (17.5 %).
During the quarter, the Bank’s fortress balance sheet increase by almost Rs. 600 billion, crossing the Rs 4 trillion mark, growth of 7% over Dec 2020. While leading loan book growing by 14 % over Dec 2020 to Rs 90 billion. Domestic advances reached a landmark of Rs 1 trillion.HBL became the first Bank in Pakistan which deposit over Rs. 3 trillion and other achievement is its current account exceeding Rs 1 trillion.
Its average balance sheet is grown by more than Rs. 400 billion, achieving a growth of 3 % in net interest income to Rs 64.9 billion. The Bank’s non-fund income has risen by 62% over H1 2020.
HBL successfully continued reducing its cost-income ratio, which fell from 59.8% in H1 2020 to 56.8% in H1 2021. But total NPLs of the Bank declined by Rs 5.5 billion over Dec 2020, and the infection ratio fell to an all-time low of 5.5%.

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