HabibMetro posts Rs4.57bln profit

KARACHI: HabibMetro Bank’s deposit base increased by almost 18 percent year-on-year to Rs429 billion, while advances were recorded at Rs140 billion and investments marked at Rs382 billion.

A statement issued Tuesday said HabibMetro posted a profit before tax of Rs4.57 billion. Earnings per share amounted to Rs2.27 as the bank's net equity stood at Rs33.4 billion, with a comfortable level of capital adequacy at 17.71 percent. The bank’s total assets augmented by 35 percent year-on-year and marked at Rs612.7 billion.

HabibMetro was awarded premier PACRA credit ratings of AA+ and A1+ credit ratings for the 16th consecutive year.