Half yearly results of Bank Alfalah for the period ended June 30, 2011 have been quite impressive with significant growth depicted in profitability. The Bank’s profit before tax has risen from Rs1.596 billion in June 2010 to Rs3.074 billion in June 2011, increasing by 92.6 per cent, with after-tax profit increasing by 76.8 per cent from Rs1.079 billion in June 2010 to Rs1.908 billion in June 2011.
The Bank’s net mark-up interest income grew by 39.8 per cent, increasing from Rs6.322 billion in June 2010 to Rs8.837 billion in June 2011.