Habib Bank Limited (HBL) has posted Rs 3.384 billion as profit after tax in the quarter ended March 31, 2009 as compared to Rs 4.267 billion earned in the corresponding period in 2008. The board of directors of the bank in its meeting held here on Friday declared that the bank's earning per share (basic and diluted) stood at Rs 4.40 in the period under review against Rs 5.60 in the same period a year back.
According to the financial results, the bank's mark-up/return/interest earnings increased to Rs 18.647 billion in this period against Rs 14.040 billion in the same period last year, while the non-mark-up/interest income of the bank declined to Rs 2.377 billion against Rs 2.963 billion.
The bank's mark-up/return/interest expenses also increased to Rs 7.956 billion in this quarter against Rs 5.404 billion, provisions and write off increased to Rs 2,033.360 million against Rs 435.744 million while operating expenses increased to Rs 5.830 billion against Rs 4.713 billion. The profit before tax of the bank stood at Rs 5.203 billion in three month period in 2009 against Rs 6.450 billion in the same quarter in 2008.