Banking sector assets expand 7.8pc in 1H2020: SBP
ISLAMABAD:Â 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:Â 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...
Give out mortgage loans or pay a penalty, SBP tells banks
KARACHI:Â Under a new scheme, the State Bank of Pakistan is trying to incentivize banks to meet their mandatory targets to extend mortgage...
SBP issues guidelines for DFIs to undertake Shariah-compliant business
KARACHI: In order to enlarge the scope of Shariah-compliant financial services in the country, the State Bank of Pakistan (SBP) has issued...
President Alvi stresses banking transparency to end consumers’ exploitation
ISLAMABAD: President Dr Arif Alvi said on Thursday that the use of information technology has given the banking sector a new dimension,...
US Federal Reserve Board terminates enforcement actions with HBL
The US Federal Reserve Board in a press release announced the termination of enforcement actions with Habib Bank Limited Pakistan and Habib...