Profit before tax was recorded at Rs. 12.10 billion showing an increase of 41.61 percent, whereas profit before provisions and tax was reported at Rs. 14.28 billion. The Bank improved its net mark-up income by 38.65 percent.
Deposits of the Bank increased by Rs. 138.02 billion bringing the total deposits to Rs. 1.04trillion as on June 30, 2020 showing a growth of 15.27 percent. The advances of the Bank increased by 4.43 percent, bringing the total net advances to Rs. 510.31 billion as on June 30, 2020 as compared to 488.67 as on December 31, 2019. Due to prudent financing strategies and sound risk management policies of the Bank, the non performing advances to gross advances ratio remained low and was recorded at 1.54 percent. Total assets of the Bank were recorded at Rs. 1.53 trillion showing an increase of 17.93 percent as compared to December 31, 2019.
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