Habib Metro Bank 2015 profit up

The Pak Banker - - FRONT PAGE -

Habib Metro Bank, one of the fastest grow­ing banks in terms of branches, show­ing a hand­some profit of Rs 7.65 bil­lion in the year of 2015 due to chal­lenges of new taxes on the bank­ing sec­tor. Ac­cord­ing to fi­nan­cial state­ment, the growth of 55 per­cent by the bank was seen in 2015 as cam­pare to 2014 show­ing a tough year for en­tire bank­ing sys­tem since the in­tro­duc­tion of mul­ti­ple ac­counts..

The post-af­ter tax sands at Rs 12.538 bil­lion whereas the rev­enue earn­ing of the bank stood at Rs 21.33 bil­lion. Habib Metro Bank has nearly been op­er­at­ing 260 cities lo­cated in 70 mul­ti­ple cities. There are 30 pas­sen­gers Is­lamic Bank­ing branch­less across the coun­try.

The bank is ag­gres­sive in con­tin­u­ing to in­vest in the govern­ment pa­pers whereas it be­gan con­sumer bank­ing and fi­nanc­ing to cater a big sec­tion of cus­tomers.

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