Pakistani banks don’t lend to the private sector. For good reason
Banks are at a loss at how to deal with bad faith actors defaulting away – along with a sloth like judiciary that allows them to get away
Baby boomers next to jump into crypto, Galaxy Digital’s Novogratz predicts
LONDON: Wealthy baby boomers will be the next generation to jump into cryptocurrencies as they become more mainstream, potentially bringing billions of...
E-banking volume grows 24pc in Oct-Dec FY21: SBP
The State Bank of Pakistan (SBP) has said that 296.7 million e-banking transactions (valuing Rs21.4 trillion) were carried out during the second...
SBP steps up to promote digitisation in banking sector
In order to promote digitisation in the banking sector and encourage use of digital channels, the State Bank of Pakistan (SBP) has...
NBP to close branch in Bangladesh over failure to recover 98pc loans
The National Bank of Pakistan (NBP) is closing one of its Bangladesh branches after failing to recover nearly 98pc of its loans...
Bank of Khyber posts Rs2.15bn profit for 2020
PESHAWAR: The Bank of Khyber (BoK) closed the previous year with a historic profit before tax (PBT) of Rs3, 806 million, while...
NBP earnings reach Rs30.58bn with 84pc yearly growth
The earnings of National Bank of Pakistan (NBP) surged 84pc to Rs30.58 billion during the year ended December 31, 2020, according to financial...
Meezan Bank posts Rs22.1bn profit for 2020
The Board of Directors of Meezan Bank Ltd recently approved the audited financial statements of the bank for the year ended December...
Bank of Punjab posts Rs12bn profit before tax for 2020
LAHORE: The Bank of Punjab (BOP) Board of Directors met on Friday to review and approve its annual audited financial statements for...
Soneri Bank records 25.9pc jump in profit
The Board of Directors of Soneri Bank Limited on Wednesday approved the bank's financial statements for the year ended 31st December 2020.
The...
HBL Islamic Banking expands footprint in Pakistan
KARACHI: HBL Islamic Banking inaugurated a dedicated HBL Islamic Commercial Centre, Trade Hub and Branch on I.I. Chundrigar Road, Karachi, the heart...
Dubai Islamic Bank reports 34pc drop in profit
Dubai Islamic Bank (DIB) has reported a 34pc drop in its full-year net profit as impairment charges and operating expenses rose amid...
HBL joins forces with PSDF to create employment opportunities in Pakistan
KARACHI: Habib Bank Limited (HBL), Pakistan's largest commercial bank has entered into a Memorandum of Understanding (MoU) with Punjab Skill Development Fund...
MCB Bank posts highest ever profit before tax of Rs48.25bn, 200pc cash dividend for 2020
The Board of Directors of MCB Bank Limited (MCB) met under the chairmanship of Mian Mohammad Mansha on Wednesday to review the...
SBP to open branch office in Gilgit
The State Bank of Pakistan (SBP) is going to establish its branch office in Gilgit-Baltistan (GB) to regularise the government transactions and...