KARACHI: The profit after tax (PAT) of Faysal Bank has increased to Rs 4.514 billion in the year ended Dec 31, 2017 as compared to Rs 4.301 billion earned in the corresponding period in 2016.
The bank’s earning per share surged to Rs 3.42 in the period under review against Rs 3.26 in the same period a year back.
The board of directors of the bank in its meeting held here on Wednesday recommended to issue bonus shares in the proportion of 15 shares for every 100 shares held by share holders i.e. 15 percent.
According to the financial results sent to Pakistan Stock Exchange, the bank’s mark-up / return / interest earning increased to Rs 28.791 billion in the year 2017 as compared to Rs 26.200 in the same period in 2016 while mark-up / return / interest expenses increased to Rs 14.830 billion against Rs 14.134 billion.
The bank’s total non-mark-up/interest income declined by Rs 5.614 billion in the year 2017 as compared to Rs 6.954 billion in the same period in 2016 while total non-mark-up / interest expenses increased to Rs 12.778 billion against Rs 11.776 billion.
The bank’s profit before taxation increased to Rs 7.269 billion in the year 2017 as compared to Rs 6.658 billion in the same period in 2016.