Habib Metropolitan Bank closed the first quarter of 2014 by posting a profit-before tax of Rs. 1.4 billion and registering a year-on-year profitability boost of 25 percent. Resultantly, the Bank’s EPS rose by 31.4 percent to Rs. 0.95, from Rs. 0.72 in the first quarter of 2013.
The Bank’s Net Margin registered a year-on-year growth of 16.50 percent over the year and increased to Rs. 2.52 billion, while its interest-margin-to-total-income ratio climbed up to 30.4 percent from 28.40 percent in the corresponding quarter of 2013. HabibMetro’s total assets augmented by 27.39 percent year-on-year and amounted to Rs. 396.75 billion on March 31, 2014.
The Bank’s deposit base exhibited a significant year-on-year increase of 31.64 percent to stand at Rs. 270 billion. Gross advances were recorded at Rs. 134.49 billion and infection rate marked at a reduced 12.59 percent.