The global economy is emerging from one of its deepest slumps and beginning a passive recovery after the distressing health and economic crisis caused by COVID-19. Policymakers are facing tough challenges in debt management, budget policies and central banking as …
Read More »Pakistan banks earnings likely to rise
Since March 2020 State Bank of Pakistan has cut interest rate by 625bps. It had also imposed restriction on payment of dividend and issue of bonus shares for two quarters. The two measures were taken to ensure ample liquidity in …
Read More »Higher interest rates boost profit of Pakistan commercial banks
During 3QCY19 aggregate profitability of listed Pakistani commercial banks (excluding Silk Bank) rose to Rs45.5 billion, up 48%YoY. The increase in profit is primarily on the back of a 33%YoY increase in net interest income and 17%YoY growth in non-interest …
Read More »Bank Alfalah’s core fee, forex income move up in yoy in 3q19
Presently, Bank Alfalah Limited in Pakistan holds dual regions of focus developing digital channels, payment products — migration of mothership customers to digital banking. Since the launch of digital banking in January 2019 greater than 30 new products and services …
Read More »Banking sector in a healthier position
Although the banks have made less profit than last year even then they are healthier in all respects. The balance sheets have built up, except for, the lone HBL affair that led to some weakness in solid indicators and equity …
Read More »