KARACHI: Habib Bank Limited (HBL) on Friday announced a decline of 11.11 per cent in profit-after-tax for the quarter ended September 30, 2021, the financial statement of the bank said.
The bank recorded Rs8.96 billion as net profit for the quarter July–September 2021, compared with Rs10.08 billion in the same quarter of the last fiscal year.
The total income of HBL recorded a 6.33 per cent decline to Rs40.40 billion for the quarter under review, compared with Rs43.13 billion in the same quarter of the last year.
The net markup income of the bank posted a decline of 9.6 per cent to Rs32.28 billion for the quarter ended September 30, 2021, compared with Rs35.71 in the same quarter of the last year.
However, non-markup income registered a growth of 9.29 per cent to Rs8.11 billion, compared with Rs7.42 billion.
Operating expenses of the bank grew to Rs23.161 billion for the quarter ended September 30, 2021, compared with Rs22.612 billion in the same quarter of the last year.
Similarly, the provisioning and write-offs fell to Rs1.75 billion for the quarter ended September 30, 2021, compared with Rs3.04 billion in the same quarter of the last year. The earnings per share for the quarter fell to Rs6.17, compared with Rs6.85.
The bank announced Rs26.44 billion as the profit-after-tax for the nine months (January–September) 2021, compared with Rs24.98 billion in the same period of the last year.
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