Bank Al Habib declares 20pc cash dividend


MULTAN – The Annual General Meeting of Bank Al Habib was held at its registered office in Multan on March 17, 2011. Shareholders approved the annual accounts for the year ended December 31, 2010. Payment of 20 percent cash dividend (final) and the issue of 20 percent bonus shares were also approved.
Deposits of the Bank, as on December 31, 2010, stood at Rs 249.774 billion, while profit after tax was Rs 3.602 billion. The Bank has a network of 303 branches/sub-branches, which include eight Islamic Banking branches and a wholesale branch in Bahrain.
A representative office in Dubai (UAE) was also opened in 2010.