Bank Alfalah Announces Profit after Tax of Rs. 3.318 Bn for the Nine Month Period September 2013

Karachi, October 27, 2013: Bank Alfalah posted a Profit after Tax of Rs. 3.318 Billion and an EPS of Rs. 2.46 per share for the nine month period ended September 30, 2013.

The results demonstrate the resilience of the Bank amidst a challenging operating environment and a low interest rate scenario. Profit before tax for the third quarter 2013 registered an impressive growth of 24% over the same time period for 2012 and was recorded at Rs. 2.039 Billion as against Rs. 1.640 Billion for the corresponding quarter last year.

Net interest income for the nine month period ended September 30, 2013 was recorded at Rs. 12.519 Billion as compared to Rs. 13.879 Billion for the comparative period last year. Non mark up income rose by 18% to Rs. 5.958 Billion whereas non mark-up / interest expenses remained in check at Rs. 12.614 Billion in September 2013, rising by approximately 7.1% over the same period last year.

The Bank also continues to improve its deposit mix, whilst increasing its overall deposit base, which rose to Rs. 493 Billion at September 2013 from Rs. 457 billion at December 2012. The Bank’s total assets have increased by 7.3% in the nine months period ended September 2013 and were recorded at Rs. 575.9 Billion. Net advances remained stable at Rs. 236.3 Billion and net investments rose by 13.5% to Rs. 215 Billion at September 2013.

The Bank’s NPL infection ratio stands at 8.5%, which is below the industry average, indicating the quality of the Bank’s advances portfolio and its credit risk management. Non- performing loans (NPL) of the Bank were recorded at Rs. 21.296 billion at September 2013, lower than the December 2012 level of Rs 22.182 billion.

The Bank continues to explore growth and expansion opportunities whilst seeking to tackle the challenges imminent from the present economic scenario. The Bank has recently achieved the 500 branch milestone for its footprint spread across over 170 cities. Going forward, the Bank aims to continue to introduce bespoke financial solutions in order to provide ‘transacting convenience’ to its clients and to continue creating value for its shareholders. About Bank Alfalah Limited: Bank Alfalah is a progressive, full service banking institution operating in Pakistan since 1992 with majority shareholding of the Abu Dhabi Group. The Bank has a network presence of over 500 branches spanning more than 170 cities across the country with an international presence in Afghanistan, Bangladesh, a wholesale banking unit in Bahrain and a representative office in the UAE. The Bank services more than 1 million corporate, institutional, personal, small business, agricultural, Islamic and asset financing customers. Additional information may be found at

For details, please contact

Saba Karim Khan
Head of Corporate Communications,
Bank Alfalah Limited
Tel: (+9221) 32423952, 021-111-777-786 (x) 2101