The profit after tax of Allied Bank Limited (ABL) has increased to Rs 1.448 billion in the quarter ended March 31, 2009 as compared to Rs 1.357 billion in the corresponding period in 2008. The board of directors of the bank in its meeting declared that the bank's earning per share increased to Rs 2.24 in this period against Rs 2.10 in the same period last year.
According to the financial results, the bank's mark-up/return/interest earnings increased to Rs 10.233 billion in this quarter against Rs 6.409 billion in the same quarter a year back. The bank's mark-up/return/interest expenses increased to Rs 5.919 billion against Rs 3.520 billion.
The bank's total non-mark-up/interest income increased to Rs 1.210 billion in this period against Rs 1.058 billion while the bank's total non-mark-up/interest expenses increased to Rs 2.344 billion against Rs 1.537 billion. The bank's profit before tax increased to Rs 2.238 billion in three-month period in 2009 against Rs 2.007 billion in the same period in 2008.