Bank Al Habib paid Rs104.34 million in monetary penalties to the State Bank of Pakistan during the first nine months of 2026, up from Rs76.27 million a year earlier.
KARACHI: The State Bank of Pakistan (SBP) has recovered Rs104.34 million in monetary penalties from Bank Al Habib Limited during the nine months ended September 30, 2026, reflecting an increase from the corresponding period last year.
According to the bank’s financial statement, Bank Al Habib paid Rs104.34 million in penalties during January-September 2026, compared with Rs76.27 million in the same period of 2025.
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The SBP imposes monetary penalties on commercial banks for violations of regulatory requirements, including foreign exchange regulations, know-your-customer (KYC) procedures and customer due diligence obligations.
Meanwhile, Bank Al Habib reported growth in its deposits, advances and investments during the period under review.
The bank’s deposits increased to Rs2.96 trillion by September 30, 2026, compared with Rs2.60 trillion on December 31, 2025. Advances rose to Rs888.67 billion from Rs792.05 billion, while investments increased to Rs2.42 trillion from Rs2.03 trillion.
However, the bank’s profitability declined. Its pre-tax profit stood at Rs49.02 billion during the nine months, against Rs53.50 billion in the corresponding period of 2025. Profit after tax also fell to Rs23.54 billion from Rs25.39 billion.
The Board of Directors, at its meeting on October 22, 2026, declared a third interim cash dividend of Rs3.50 per share, equivalent to 35%. This brought the total cash dividend for the nine-month period to 105%, including the previously paid 70%.
Bank Al Habib also reported completing its 11th issue of rated, unsecured and subordinated Term Finance Certificates (TFCs) worth Rs20 billion in September 2026, including a Rs5 billion green-shoe option.
The bank operates 1,359 offices, comprising 1,356 branches and three representative offices, including 451 Islamic banking branches and two overseas branches.
Meanwhile, Pakistan Credit Rating Agency Limited (PACRA) maintained the bank’s long-term entity rating at AAA and short-term rating at A1+, reflecting its strong creditworthiness.