ABL posts profit of Rs 15.3 bil­lion

The Pak Banker - - NATIONAL -

Al­lied Bank Lim­ited (ABL) posted earn­ing of Rs15.3 bil­lion up mere 1%YoY com­pared to Rs15.2 bil­lion for same pe­riod last year. The board also an­nounced a fi­nal cash div­i­dend of Rs1.75/share tak­ing the to­tal div­i­dend for CY15 to Rs7.0/share (Div­i­dend Yield 7.6%).

For the 4th quar­ter of 2015, ABL posted earn­ings of Rs3.3 bil­lion down 27%QoQ com­pared to Rs4.5 bil­lion for the 3rd quar­ter of CY15.

Dur­ing CY15 in­ter­est in­come in­creased by 8%YoY to Rs72.1 bil­lion, and in­ter­est ex­pense de­creased by -7%YoY to Rs35.9 bil­lion.

Dur­ing CY15 ABL bank made pro­vi­sions of Rs1.5 bil­lion against their loans and in­vest­ments port­fo­lio com­pared to Rs1.6bn for the same pe­riod last year.

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