ABL posts profit of Rs 15.3 billion
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.