BankIslami Pakistan Limited announced its quarterly results ending September 30, 2010 which shows a net profit of Rs 17 million for the quarter. In spite of the withdrawals from the branches in the flood-affected areas; the bank deposits grew by 18% for the first nine months which closed at 33.026 billion. Total assets showed a healthy sign, which grew by 17%. Financing on the other hand reached to Rs 16.157 billion.
BankIslami has been assigned a long term entity rating of 'A' and short term rating of 'A1' by Pakistan Credit Rating Agency Limited (PACRA). The bank is currently operating with 102 branches in 49 cities nationwide.-PR