Arif Habib Bank has registered after tax loss of Rs 191.408 million in the year ended December 31, 2008 as compared to the after tax profit of Rs 230.165 million in the corresponding period in 2007. The board of directors of the bank in its meeting declared the banks per share loss at Re. 0.38 in the period under review against an earning per share of Re. 0.57 in the same period a year back.
According to the financial results, the banks mark-up/return/interest earning increased to Rs 2,471.982 million in this period against Rs 617.854 million in the same period last year. The banks mark-up/return/interest expenses surged to Rs 1,585.875 million against Rs 252.336 million.
The banks total non-mark-up/ interest income declined to Rs 166.780 million in this period against Rs 345.904 million previously, while the banks total non-mark-up/interest expenses increased to Rs 776.959 million against Rs 384.502 million. The bank registered before tax loss of Rs 347.274 million in 2008 against profit before tax of Rs 326.918 million in 2007.