Karachi, Habib Metropolitan Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 16, 2018.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for year ended December 31, 2017 which portrayed a profit of Rs. 5,509,006 and Rs. 5,864,919 with earnings per share 5.26 and 5.41 basic and diluted respectively.
Further, 30% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from March16, 2018 to March29, 2018 (both days inclusive).
Habib Metropolitan Bank Limited is a bank incorporated in Pakistan on August 3, 1992 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The bank is engaged in commercial banking and related services. The Bank operates in 174 branches, including 6 Islamic banking branches and 40 sub branches in Pakistan. The bank is a subsidiary of Habib Bank AG Zurich – Switzerland which holds 51% shares in the bank which is incorporated in Switzerland. The shares of the bank are quoted on the Karachi Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Karachi.
The symbol “HMB” is being used by the stock exchanges for the shares of Habib Metropolitan Bank Limited.