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The financial results for December 2018 show a profit after tax (PAT) of Rs 12.4 billion, an increase from Rs 8.8 billion in 2017, but profit before tax (PBT) decreased by 27% to Rs 21.6 billion. Key factors affecting PBT included ongoing remediation costs, higher overseas borrowing costs, and increased administrative expenses, leading to a significant drop in non-markup income. The balance sheet grew by 12% to Rs 3.0 trillion, with total deposits increasing by 7% and net advances growing by 27% year-over-y

Author

nasir.m969

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EN