Habib Bank Limited (HBL), the Pakistan''s largest banking network, became the first Pakistani bank to cross Rs 1 trillion mark in deposits. The bank grew domestic deposits by 18.6 percent from year-end. Habib Bank announced financial results for the half year ended June 30, 2012 in a meeting of the board of directors held on August 10, 2012.
After tax profit of the bank grew by 18.58 percent to Rs 11.86 billion while earning per share stood at Rs 9.68 against Rs 8.17 for the corresponding period last year. The bank declared interim cash dividend of Rs 3.50 per share. The Bank remained committed to serving all sectors of the economy. It continues to enhance its outreach in rural and remote areas of Pakistan and provide convenient banking services to the unbanked segment of the population.-PR
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