The profit after tax of Faysal Bank has increased to Rs 1.28 billion in the year ended December 31, 2011 as compared to Rs 1.19 billion earned in the year 2010. The board of directors of the bank in its meeting held here on February 28, declared that the bank's earning per share has increased to Rs 1.55 in the period under review against Rs 1.45 in the same period a year back.
According to the financial results sent to Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 28.825 billion in 2011 against Rs 19.710 billion in 2010 while the mark-up/return/interest expenses increased to Rs 19.619 billion against Rs 13.919 billion.
The bank's total non-mark-up/interest income increased to Rs 4.070 billion in 2011 against Rs 4.012 billion in 2010, while the bank's total non-mark-up/interest expenses increased to Rs 11.103 billion against Rs 6.774 billion. The bank's profit before taxation increased to Rs 1,478.091 million in 2011 against Rs 827.054 million in 2010.
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