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BankIslami Reports its Highest-Ever Profit During 2020
BankIslami has reported the highest-ever profitability during the financial year 2020.
The bank reported a profit after tax of Rs. 1.70 billion, up by 56 percent compared with the profitability of Rs. 1.09 billion during the financial year 2019.
Despite downward adjustment in the policy rate, net spreads of the Bank increased by 16 percent on account of 21 percent growth in earning assets and improvement in CASA deposit mix to 64 percent from 60 percent in December 2019.
Total deposits and current account deposits of the Bank rose by 23 percent and 33 percent, respectively, despite all challenges due to the spread of the COVID-19 pandemic. ....

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