HBL records be­fore tax profit of Rs 35 bil­lion

The Pak Banker - - FRONT PAGE -

KARACHI: HBL de­clared its re­sults for the full year 2015, de­liv­er­ing a record be­fore tax profit of 35.1 bil­lion, grow­ing 11pc year on year. Pre-tax profit surged to an im­pres­sive Rs 60.3 bil­lion, in­creas­ing by 25pc over 2014. Earn­ings per share for 2015 in­creased to Rs 23.93 com­pared to Rs 21.56 for 2014. With the re­sults, HBL de­clared a div­i­dend of Rs3.50/share, bring­ing to­tal div­i­dend for the year to Rs14/share.

HBL's bal­ance sheet has in­creased by 19 pc over De­cem­ber 2014 to Rs 2.2 tril­lion. Cur­rent ac­counts grew by 15 pc to reach a mas­sive Rs 600 bil­lion and the ra­tio of cur­rent ac­counts has now risen to 36.7 pc from 34.2 pc in De­cem­ber 2014. With loans also grow­ing, net in­ter­est in­come for 2015 in­creased by 14 pc to Rs 78.2 bil­lion. Non mark-up in­come in­creased sharply by 56 pc to Rs 36.6 bil­lion. Fees and com­mis­sions for the year also in­creased by 22 pc to Rs 17.1 bil­lion, due to new records be­ing set in Ban­cas­sur­ance sales and card re­lated fees, while the home re­mit­tances and in­vest­ment bank­ing busi­nesses de­liv­ered stel­lar re­sults, each cross­ing Rs 1 bil­lion in in­come for the first time. Div­i­dends and cap­i­tal gains of Rs 3.7 bil­lion from listed se­cu­ri­ties, showed a huge rise of 150 pc over 2014.The Bank also recorded cap­i­tal gains of Rs8.2 bil­lion from the sale of Govern­ment se­cu­ri­ties. HBL achieved a new land­mark by be­com­ing the first bank in Pak­istan to cross Rs 100 bil­lion in to­tal rev­enue. HBL is the mar­ket leader with 4.8 mil­lion debit cards and the fastest grow­ing POS ac­quirer. Dur­ing the year, the Bank launched In­ter­net Pay­ment Gate­way ser­vices and pi­o­neered Mo­bile POS in Pak­istan, which en­ables small mer­chants to ac­cept cards. ATM and POS de­ploy­ments con­tin­ued to ac­cel­er­ate, with nearly 400 new ATMs and 10,700 new POS ter­mi­nals added. In­vest­ments were made in tech­nol­ogy to dras­ti­cally re­duce down­time across the net­work of over 1,900 ATMs. In line with its cus­tomer fo­cus, HBL took sev­eral ini­tia­tives to pro­vide en­hanced se­cu­rity and peace of mind to cus­tomers. Sys­tems, net­works, and con­trols were up­graded to best-in-class in­dus­try com­pli­ance stan­dards while chip tech­nol­ogy was im­ple­mented to en­hance se­cu­rity for credit card trans­ac­tions.

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