The after tax profit of Habib Bank Limited has increased to Rs 15.927 billion in the nine month period ended September 30, 2012 as compared to Rs 14.435 billion in the corresponding period in 2011. The board of directors of the bank in its meeting held here on Wednesday declared that the bank's earning per share has increased to Rs 13.14 in the period under review against Rs 11.91 in the same period last year.
According to the financial results sent to the Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 82.880 billion in the nine month period this year against Rs 70.133 billion in the same period last year while the non-mark-up/interest income reduced to Rs 9.089 billion against Rs 9.307 billion.
The mark-up/return/interest expenses increased to Rs 40.495 billion against Rs 30.087 billion, provisions and write offs reduced to Rs 3.739 billion against Rs 6.291 billion while operating expenditure increased to Rs 21.615 billion against Rs 20.716 billion. The bank's profit before taxation increased to Rs 26.120 billion in the nine month period this year against Rs 22.345 billion in the same period last year.
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