The after tax profit (consolidated) of Habib Bank declined to Rs 6.562 in the half-year period ended on June 30, 2009 as compared to Rs 7.498 billion earned in the corresponding period in 2008. The board of directors of the bank in its meeting held here on Friday declared that the bank's earning per share had reduced to Rs 7.14 in the period under review against Rs 8.13 recorded in the same period of previous year.
The board did not recommend any dividend, bonus, rights or other entitlement for the shareholders, based on the results of the half-year period. According to the financial results, the bank's mark-up/return/interest earnings increased to Rs 37.446 billion against Rs 28.604 billion while the non-mark-up/interest income slightly declined to Rs 5.594 billion against Rs 5.839 billion.
The bank's mark-up/return/interest expenses increased to Rs 16.071 billion against Rs 11.535 billion, provisions and write-offs increased to Rs 5.165 billion against Rs 1.255 billion, while operating expenses increased to Rs 11.394 billion against Rs 10.035 billion. The bank's profit before tax stood at Rs 10.407 billion in the half-year period in 2009 against Rs 11.617 billion recorded in the same period in 2008.
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