Habib Metropolitan Bank posted a profit-before tax of Rs. 7.31 billion for the year 2014, registering a year-on-year profitability boost of 43 percent. The Bank achieved broad based organic growth, with its network expansion and resource mobilization driving growth across its business segments. The Bank’s Profit-After-Tax amounted to Rs 4.93 billion on December 31, 2014. Resultantly, HabibMetro’s EPS increased by 39.47 percent and marked at Rs. 4.70 at the end of 2014.
HabibMetro Bank’s total assets augmented by 27.6 percent compared to December 2013, and in doing so amounted to Rs. 397.3 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 Rs. 320 billion. The Bank enhanced its outreach by 26 new branches and 13 new cities in the year 2014; this expansion increased its branch network to 240 branches in 62 cities across the country.
In a Board Meeting held on February 26, 2015, HabibMetro Bank’s Board of Directors recommended distribution of 25 percent dividend for the year 2014. President & CEO of the leading trade finance bank, Mr. Sirajuddin Aziz, commented, ‘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. In the year 2014, we diversified our portfolio, expanded our product spectrum and enhanced our service quality for customers; hence, the Management is happy to share that the year has proven lucrative and the Bank has done well.’
