Karachi, Habib Metropolitan Bank Limited informed Pakistan Stock Exchange the Modaraba as at March 31, 2022, and the related special purpose statement of profit or loss, the special purpose statement of comprehensive income, the special purpose cash flow statement, the special purpose statement of changes in equity and together with the notes forming part thereof (hereinafter referred as the special purpose financial statements), for the nine-months period then ended March 31, 2022 and they state that they have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purpose of our audit.
Habib Metropolitan Bank Limited was incorporated in Pakistan on 3 August 1992, as a public limited company and is engaged in commercial banking and related services. The Bank is a subsidiary of Habib Bank AG Zurich – Switzerland (the holding company with 51% shares in the Bank) which is incorporated in Switzerland.
Habib Metro Bank commenced its commercial-banking operations as Metropolitan Bank in October 1992 when the Bank merged with Habib Bank AG Zurich’s Pakistan operations. The merged entity was named Habib Metropolitan Bank Limited.
Habib Metro Bank currently operates with nationwide network of over 400 branches in more than 138 cities across Pakistan. Habib Metro offers retail, commercial, consumer and corporate banking solutions to its clientele, in addition to its expertise of trade finance. The Bank also of provides highly innovative e-Banking and Shariah-compliant Islamic Banking solutions.
The total numbers of shares of the Company are 1,047,831,480. The Earnings per share of the Company is 11.46 in 2020 which was 6.28 in 2019. Their Profit after Taxation is 12,008,196,000 in 2020 which was 6,583,481,000 in 2019.