Habib Bank Limited (HBL) paid monetary penalties worth over Rs476 million during calendar year 2022, according to documents made available to Pkrevenue.com on Monday.
The documents revealed that bank paid a sum of Rs476.59 million as monetary penalties to different regulators, including the State Bank of Pakistan (SBP) during calendar year 2022.
READ MORE: HBL’s annual profit declines to Rs34.4 billion amid high taxation
Meanwhile, the bank paid an amount of Rs557.2 million under similar head during the preceding year.
The breakup shows, the penalties imposed by the SBP on the bank during the year 2022 was Rs454.26 million as compared with Rs549.68 million in the preceding year.
Similarly, the penalties imposed by other regulatory bodies were Rs22.33 million during calendar year as compared with Rs7.51 million in the preceding year.
READ MORE: Faysal Bank declares Rs11.44 billion annual after tax profit for CY22
HBL is the largest commercial bank in Pakistan. It declared net annual profit of Rs34.4 billion for the year ended December 31, 2023. The bank recorded the profit after tax at Rs35.5 billion in the preceding year.
Earnings per share (EPS) of the bank was at Rs23.23 for the year under review as compared with previous year’s EPS at Rs23.88.
The bank announced net mark-up/interest income at Rs162.56 billion for the calendar year 2022 as compared with Rs131.42 billion in the preceding year.
Total non mark-up / interest income also increased to Rs46.73 billion for the year ended December 31, 2022 as compared with Rs36.31 billion in the last year.
READ MORE: UBL declares over Rs32 billion profit after tax for CY22
Out of non mark-up/interest income, the bank made significant foreign exchange income during the year. However, it incurred massive losses from derivatives to the tune of Rs2.62 billion during the year under review.
The bank announced total income at Rs190.39 billion for the year 2022 as compared with Rs151.67 billion in the preceding year.
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Operating expenses of HBL grew to Rs124.80 billion for the calendar year 2022 from Rs95.78 billion in the preceding year.
The bank paid income tax to the tune of Rs42.63 billion during the year ended December 31, 2022 when compared with Rs26.52 billion in the last fiscal year.
