HMB posts profit of Rs4.93bn

KARACHI: Habib Metropolitan Bank (HMB) posted a profit-after-tax of Rs4.93 billion on December 31, 2014, a bank statement said on Monday.
The bank earned profit-before-tax of Rs7.31 billion for the year 2014, registering a year-on-year growth of 43 percent, it said.
The EPS increased by 39.47 percent and marked at Rs4.70 at the end of 2014.
The bank’s total assets augmented by 27.6 percent compared to December 2013, and in doing so amounted to Rs397.3 billion on December 31, 2014.
Meanwhile, the bank’s deposit base exhibited an increase of over 29 percent – a growth that surpassed the industry’s deposit growth curve- and exceeded Rs320 billion.
Its outreach enhanced by 26 new branches and 13 new cities in the year 2014- increasing to 240 branches in 62 cities across the country.
In a board meeting held on February 26, 2015, HMB’s Board of Directors recommended distribution of 25 percent dividend for the year 2014. of the HMB President and CEO Sirajuddin Aziz said, “We strive to meet existing and future financial requirements of our customers through unparalleled and reliable service, while continuously improving our product offerings. These are the parameters that we gauge our performance upon.