Tag: Allied Bank Limited

Karachi, August 21, 2025 – Allied Bank Limited has released its consolidated financial results for the first half of calendar year 2025, reporting a significant 25% decline in after-tax profit compared to the same period last year.

Karachi, April 30, 2025 – Allied Bank has reported a significant 24% decline in its markup income for the first quarter of the calendar year 2025, reflecting the impact of falling interest rates and a lower cost of funding.

KARACHI: Allied Bank Limited (ABL) has announced a substantial 51% increase in its after-tax profit for the first quarter ended March 31, 2024, reaching Rs 11.6 billion.

Karachi, February 13, 2024 – Allied Bank Limited (ABL) announced a remarkable surge of 94% in its annual profit for the calendar year 2023, demonstrating robust financial performance amidst dynamic market conditions.

Karachi, August 17, 2023 – In a remarkable display of financial prowess, Allied Bank Limited (ABL) has reported an astounding 158 percent increase in profit after tax for the first half of the year ending June 30, 2023.

KARACHI: Allied Bank of Pakistan (ABL) has declared fall in net profit to Rs12.63 billion during nine months period ended September 30, 2022 as tax payment of the bank surged by 129 per cent.

According to financial results submitted to Pakistan Stock Exchange (PSX) on Thursday, the bank declared Rs12.63 billion profit after tax during January – September 2022 as compared with Rs13.07 billion in the same period of the last year.

The fall in profit may be attributed to massive increase in tax liability during the period. Allied Bank paid an amount of Rs20.39 billion as income tax for the nine months period ended September 30, 2022 as compared with Rs8.90 billion in the corresponding months of the last year.

As per the unconsolidated results, the bank announced earnings per share at Rs11.03 for the nine months period ended September 30, 2022 as compared with Rs11.41 in the same period of the last year.

The board of directors of Allied Bank Limited met on October 20, 2022 and approved an interim cash dividend for the quarter ended September 30, 2022 at Rs2 per share i.e. 20 per cent. This is in addition to interim dividend already paid at Rs4 per share i.e. 40 per cent.

The net mark-up/interest income of the bank rose to Rs45.44 billion during January – September 2022 as compared with Rs34.68 billion in the same period of the last year.

Total non mark-up/interest income grew to Rs16.33 billion for the period under review as compared with Rs11.73 billion in the corresponding period of the last year. Out of this, the foreign exchange income massively increased to Rs7.14 billion as compared with Rs1.11 billion.

Operating expenses of the bank grew to Rs28.47 billion during first nine months of the current year as compared with Rs24.42 billion in the same period of the last year.

The bank declared Rs33 billion as profit before tax for nine months ended September 30, 2022 as compared with Rs21.97 billion in the corresponding months of the last year.

KARACHI: Allied Bank on Wednesday announced fall in profit by 23 per cent for half year ended June 30, 2022 mainly surge in tax payment by 121 per cent.

According to financial results submitted to Pakistan Stock Exchange (PSX), Allied Bank declared profit after tax of Rs6.83 billion for the half year ended June 30, 2022 as compared with Rs8.88 billion in the same half of the last fiscal year.

READ MORE: MCB Bank registers 71% decline in profit for 2QCY22

The bank paid an amount of Rs13.28 billion as taxes for the period January – June 2022 as compared with Rs6.01 billion in the same period of the last year.

Earnings per share (EPS) of the bank fell to Rs5.96 as compared with EPS of Rs7.75 in the same half year of the last year.

The board of directors of the bank in their meeting on August 17, 2022 approved an interim cash dividend for the quarter ended June 30, 2022 at Rs2 per share i.e. 20 per cent. This is in addition to interim Dividend already paid at Rs2 per share i.e. 20 per cent.

READ MORE: Attock Petroleum declares massive 277% growth in annual profit

The bank declared total income of Rs38.25 billion for the half year ended June 30, 2022 as compared with Rs31 billion in the same half of the last year.

Net mark-up / interest income increased to Rs27.51 billion for the period January – June 2022 as compared with Rs23 billion in the same half of the last year.

On the other hand, the total non-mark up / interest income rose to Rs10.74 billion during the half year under review as compared with Rs7.93 billion in the same half of the last year.

READ MORE: Meezan Bank posts 36% growth in half year profit

The bank earned Rs4.29 billion as foreign exchange income during the half year ended June 30, 2022 as compared with Rs662 million in the same half of the last year.

Operating expenses of the bank increased to Rs18.27 billion during January – June 2022 as compared with Rs16.16 billion in the same period of the last year.

The bank declared sharp increase in profit before tax to Rs19.37 billion for the half year ended June 30, 2022 as compared with Rs14.4 billion in the same period of the last year.

READ MORE: Philip Morris Pakistan declares 11% fall in half year profit

KARACHI: Allied Bank of Pakistan (ABL) on Thursday announced a 4.75 per cent decline in annual profit to Rs17.50 billion for the year 2021 as compared with Rs18.37 billion in the preceding year.

According to financial results received by the Pakistan Stock Exchange (PSX), the earnings per share of the bank also fell to Rs15.29 for the year ended December 31, 2021 as compared with Rs16.05.

The board of directors of Allied Bank met on February 17, 2022 and recommended a final cash dividend for the year ended December 31, 2021 at Rs2 per share i.e. 20 per cent. This is in addition to interim dividend already paid at Rs6 per share i.e. 60 per cent.

Net mark-up and interest income of ABL came down to Rs45.56 billion for the year ended December 31, 2021 as compared with Rs48.39 billion.

Non mark-up / interest income of the bank, however, posted growth to Rs16.76 billion for the year under review as compared with Rs13.44 billion in the preceding year.

Total income of Allied Bank was flat at Rs62.32 billion for the year ended December 31, 2021 as compared with Rs61.84 billion in the last year.

Operating expenses of the bank increased to Rs33.68 billion as compared with Rs30.28 billion.