LAHORE: In a meeting of Habib Metropolitan Bank’s board of directors, held on Monday, approved the financial results of the bank for the quarter ending 31 March 2018.
Habib Metropolitan Bank (HMB) – up 2.18 per cent day on day basis – declared a profit after tax of Rs1.573 billion, up 22.14 per cent against Rs1.288 million last year, with an EPS of Rs1.50 in March 2018 against an EPS of Rs1.23 during March 2017.
The bank posted a markup earned worth Rs9.848 billion, meanwhile, the bank’s net markup after provisions during the outgoing period rose by 9.76 per cent to reach Rs3.456 billion.
Fee commission and brokerage income of the bank registered an increase of 9.48 per cent during the period, meanwhile, income from foreign currencies surged by 45.21 per cent.
Moreover, the bank saw a whopping 77.95 per cent decline in dividend income. On the expenses front, total non-mark-up expenses during the quarter rose by 8.93 per cent to clock in at Rs2.680 billion.
In another notification to the bourse, Habib Metropolitan Bank Limited also announced the appointment of Mohsin Ali Nathani as President and Chief Executive officer of the bank in place of Sirajuddin Aziz.
At the close of trading on Monday, Habib Metropolitan Bank was trading on the PSX at Rs45.93 per share, down Rs0.93 or 2.18 per cent from the start of the day with 0.47 million shares traded.
