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Tag: banking sector

State Bank of Pakistan

Banking sector profitability grows by 20% in 2019

March 2, 2020April 6, 2021Mrs. Anjum Shahnawaz

KARACHI: Banks have posted 20 percent growth in profitability during 2019 despite economic slowdown, analysts said on Monday. The analysts at Topline Securities said that 2019 has been an exceptional year for the banking sector with profitability increasing by 20 percent or Rs30 billion to reach Rs177 billion, in spite of economic slowdown. The primary […]

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State Bank of Pakistan

Asset quality of banking sector weakens on rising NPLs: SBP

October 21, 2019March 21, 2021Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) on Monday said that the asset quality of banking sector weakened owing to Rs88.3 billion or 13 percent increase in Non-Performing Loans (NPLs). In its Mid-Year Performance Review of the Banking Sector (January – June 2019), the SBP said that the asset quality of the banking sector weakened during […]

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