Bank Al Habib approves annual accounts

Shareholders of the Bank Al Habib Limited have approved the annual accounts and consolidated accounts of the Bank for the year ended December 31, 2006. According to a press release issued here, it was decided in an Annual general meeting of the Bank held at its registered office in Multan on Thursday.
The meeting also approved the payment of 15 percent cash dividend (final) and resolved the issue of 40 percent bonus shares. Deposits of the bank as on December 31, 2006 were Rs 91.4 billion, ie, an increase of Rs 15.60 billion over the last year and its profit before tax was Rs 2.69 billion, the statement added.-PR