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HBL delivers stellar performance with Q1 2021 profit doubling to Rs.14.5 billion, with an enhanced focus on serving its customers


Daily Times
April 20, 2021
Karachi: HBL today declared a consolidated profit before tax of Rs 14.5 billion for the quarter ended March 31, 2021, more than double that for the same period last year. Profit after tax recorded a growth of 108% over Q1 2020 to Rs 8.6 billion. The Bank’s earnings per share increased from Rs 2.79 to Rs 5.68 in Q1 2021. Along with the results, the Bank declared a dividend of Rs 1.75 per share (17.5%). Helped by the strong profitability, the Bank’s Tier 1 CAR rose to 13.9%, with Total CAR increasing to 17.9%.
The Bank’s total deposit base closed at Rs 2.8 trillion, with robust CA and CASA ratios of 35.1% and 83.1% respectively. Average domestic deposits increased by a multi-year high of nearly 20% over Q1 2020, with average current accounts rising by more than Rs 120 billion. This led to a nearly Rs 500 billion expansion in the Bank’s average balance sheet in Q1 2021. Consequently, despite a much lower interest rate environment, net in ....

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HBL Islamic Banking Expands Footprint in Pakistan


HBL Islamic Banking Expands Footprint in Pakistan
HBL Islamic Banking inaugurated a dedicated HBL Islamic Commercial Centre, Trade Hub, and Branch on I.I. Chundrigar Road, Karachi, the heart of the country’s financial hub. HBL is Pakistan’s largest commercial bank with over 1700 branches and an Islamic Banking arm that provides Shariah-compliant financial services from over 911 branches/windows nationwide.
Liaqat Ali Khan, a branch teller who has been part of the HBL family for more than 41 years, cut the inauguration ribbon. Present at the ceremony were Muhammad Aurangzeb, President & CEO HBL, and Muhammad Afaq Khan, Head of Islamic Banking, along with customers and other senior leaders from the Bank. ....

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