Karachi: Bank AL Habib Limited has released its un-audited financial results for the first quarter of 2025, showcasing a commendable performance across its financial metrics. According to the Directors' Review, the bank's deposits saw an increase to Rs. 2.38 trillion, up from Rs. 2.28 trillion as of December 31, 2024. Similarly, advances rose to Rs. 947.2 billion from the previous Rs. 910.9 billion, and investments climbed to Rs. 1.97 trillion from Rs. 1.92 trillion.
The bank's pre-tax profits for the quarter ending March 31, 2025, stood at Rs. 20.60 billion, an uptick from Rs. 19.23 billion in the corresponding quarter of the previous year. Profit after tax for the quarter was recorded at Rs. 10.21 billion, slightly higher than the Rs. 10.03 billion reported in 2024. The Board of Directors has declared a first interim cash dividend of Rs. 3.50 per share, equating to a 35% payout for the quarter.
Bank AL Habib's operational network has expanded to include 1,242 offices, comprising 1,224 branches, 14 sub-branches, and 4 representative offices. This network includes 293 Islamic Banking Branches and 2 Overseas Branches. The bank plans to continue its branch expansion throughout 2025.
According to information available from the Pakistan Stock Exchange (PSX), the bank's Term Finance Certificates (TFCs) are listed on the exchange, with ratings reflecting a very low expectation of credit risk. The Pakistan Credit Rating Agency Limited (PACRA) has maintained the bank's long-term and short-term entity ratings at AAA (Triple A) and A1+ (A One plus), respectively, indicating exceptionally strong financial standing.
The TFC-2021 and TFC-2022 have been rated AAA, while the TFC-2017 (perpetual) and TFC-2022 (perpetual) have received AA+ ratings. These ratings underscore the bank's robust capacity for timely payment of financial commitments.
Bank AL Habib Limited expressed gratitude to its customers, local and foreign correspondents, and the State Bank of Pakistan for their continued support and guidance, while also acknowledging the dedication of its staff in achieving these results.