Bank Alfalah Reports a 17.50% Decline in Profits During 2020
Bank Alfalah Reports a 17.50% Decline in Profits During 2020 Bank Alfalah Limited announced its financial results for the year ended December 2020. The Board of Directors of Bank Alfalah Limited, in its meeting held on February 3, 2021, approved the bank’s audited financial statements for the year ended December 31, 2020. The bank reported a decline of 17.50 percent in its profits for the above mentioned period. The profit after tax was reported at Rs. 10.47 billion as compared to Rs. 12.69 billion in 2019. According to a statement issued by the bank, subjective provisioning and general pro...