LAHORE (PR): Habib Metropolitan Bank closed the first half of 2014 by posting a profit-before tax of Rs 3.06 billion and registering a year-on-year profitability boost of 14 percent.
The Bank’s Net Margin registered a year-on-year growth of 21.2 percent over the year and increased to Rs. 5.125 billion, while its interest-margin-to-total-income ratio climbed up to 28.5 percent from 27.8 percent in the corresponding half of 2013.
HabibMetro’s total assets augmented by 21.18 percent compared to December 2013, and in doing so amounted to Rs. 377.43 billion on June 30, 2014. Meanwhile, the Bank’s deposit base exhibited an increase of 12 percent to stand at Rs 277 billion. Gross advances were recorded at Rs 133.78 billion and infection rate marked at a reduced 13.27 percent. The Bank’s Profit-After-Tax amounted to Rs 2.104 billion; resultantly, HabibMetro’s EPS rose by 18.2 percent to Rs 2.01, from Rs. 1.70 in the first half of 2013.