SBP sees significant growth in online transactions during July-Sept quarter

KARACHI: The State Bank of Pakistan on Thursday released its Quarterly Payment System Review (QPSR) report for the first quarter (July-September) of the...

Silkbank declares operating profit of Rs3.4bn for 9M2020

The Board of Directors of Silkbank Limited, in its recent meeting, declared an operating profit of Rs3.4 billion for the nine months...

Non-performing loans are the least of banks’ concern, or are they?

KARACHI: The total non-performing loans in Pakistan stood at Rs91 billion during the first nine months of 2020, as compared to Rs78...

SBP announces new regulatory incentives to promote low-cost housing finance

The State Bank of Pakistan has announced five regulatory relaxations to incentivize banks for financing low-cost and affordable housing, a statement issued...

Banking sector assets expand 7.8pc in 1H2020: SBP

ISLAMABAD: The State Bank of Pakistan has said that despite elevated economic stress driven by the Covid-19 pandemic, the assets of the banking...

NBP employees’ benefits increase Rs2.57bn in a year

ISLAMABAD: The National Bank of Pakistan's employee-related benefits surged to Rs2.574 billion in one year, according to the bank's financial statements for...

BankIslami’s nine-month profit surges 81pc to Rs1.76bn

The Board of Directors of BankIslami Pakistan Limited recently approved the bank’s financial results for the nine months ended September 30, 2020. BankIslami...

Complaints against banks surge 51pc in 9M2020: ombudsman

KARACHI: The number of complaints against banks increased by around 51 per cent during the first nine months of the ongoing calendar year,...

9M2020: BOP reports before tax profit of Rs10bn

A meeting of the Board of Directors of The Bank of Punjab was held on Thursday to consider and approve the unaudited...

Soneri Bank’s nine-month profit rises 49.5pc to Rs1.81bn

The Board of Directors of Soneri Bank Limited, in its 181st meeting held on Wednesday, approved the bank’s condensed interim financial statements...

NBP’s 3Q profit surges 110pc to Rs11bn

National Bank of Pakistan (NBP) on Tuesday declared an after-tax profit of Rs11 billion for the quarter ended 30 September 2020, a...

Meezan Bank’s nine-month profit surges 65pc to Rs18.1bn

Recent results have proven Meezan Bank’s position as the leading Islamic bank in the country, which is now also the 6th largest bank in the country.

Bank Alfalah posts Rs8.3bn profit for 9M2020

The Board of Directors of Bank Alfalah Limited on Wednesday approved the bank’s unaudited condensed interim financial statements for the nine-month period...

Bank AL Habib’s nine-month profit surges 87pc to Rs13.13bn

The Bank AL Habib Limited (BAHL) Board of Directors on Wednesday announced the bank's financial results for the nine months period ended...

HBL 9M2020 profit surges to Rs25.3bn, a threefold increase over same period year ago

HBL declared a consolidated profit after tax of Rs25.3 billion for the first nine months of 2020, an almost threefold growth over...