The profit after tax of Allied Bank Limited (ABL) has increased to Rs 7.122 billion in the year ended December 31, 2009 as compared to Rs 4.156 billion earned in the corresponding period in 2008. The bank's per share earning increased to Rs 10.02 in the period under review against Rs 5.85 in the same period a year back.
The board of directors of the bank, in its meeting held on Wednesday recommended a final cash dividend for the year at Rs 2.00 per share, ie, 20 percent. This is in addition to interim dividend already paid at Rs 2.00 per share, ie, 20 percent. The board also recommended issuing bonus shares, by utilising share premium account, in the proportion of one share for every ten shares held, ie, 10 percent.
According to the financial results, the bank's mark-up/return/interest income increased to Rs 41.121 billion in 2009 against Rs 30.570 billion earned in 2008. The bank's mark-up/return/interest expenses increased to Rs 22.421 billion in this period against Rs 17.272 billion. The bank's total non-mark-up/interest income increased to Rs 5.958 billion against Rs 4.896 billion. The before tax profit of the bank increased to Rs 10.536 billion in the year 2009 against Rs 6.120 billion recorded in the same period in 2008.