Escorts Investment Bank Limited (EIBL) has posted pre-tax profits of Rs 68 million during the first nine months of the current fiscal year.
Speaking at the board of directors meeting of EIBL here, President and Chief Executive Officer of the bank, Rashid Mansur, said that the value of total assets rose to the level of Rs 2.223 billion from the previous level of Rs 1.915 billion, showing a growth of 16 percent.
He said that the value of certificates of deposit and morababa financing stood at Rs 832 million and Rs 421 million, respectively, on March 31.
Mansur said that earning per share rose to Rs 3.05 from previous level of Rs 2.50.
He said that the broadening of the range of products and services remained the focal point of EIBL endeavours during the third quarter of the fiscal year 2003-04.
He said that the newly established 'Investment Services Centre' (ISC) at the ground floor of the State Life Building, Davis Road, Lahore, became fully operational while the newly secured corporate membership of Karachi Stock Exchange (KSE) was being activated.