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Bank AL Habib Limited’s financial results for the half year ended June 30, 2012

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Karachi, August 06, 2012 (PPI-OT): We wish to inform you that the Board of Directors of the Bank in their meeting held on August 06, 2012 at 11:30 a.m. at Principal Office or the Rank located at Mackinnons Building, II, Chundrigar, Road, Karachi, approved the unaudited Accounts of the Bank or the half year ended June 30, 2012 and recommended the following:

Cash Dividend Nil

Bonus Shares NIL

Any Other Entitlement / Corporate/ Action NIL

Any Other Price-Sensitive Information NIL

The Financial Results approved by the Board of Directors of Bank AL Habib Limited (BAHL) are appended in Annexure “A”.

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

Bank Al Habib Limited

Interim Condensed Profit and Loss (Un-Audited)

For the Half year Ended 30 June 2012

Half year ended

Quarter ended

30-June-2012

30-June-2011

30-June-2012

30-June-2011

Rupees in 000

Mark-up/ return/ interest earned

20,832,517

16,783,963

10,294,629

8,532,792

Mark-up/ return/ interest expense

(13,270,727)

(10,196,356)

(6,480,836)

(5,254,318)

————-

————-

————-

————-

Net mark-up/ return/ interest income

7,561,790

6,587,607

3,813,793

3,278,474

Provision against non-performing loans and advances

(379,497)

(770,066)

(110,319)

(285,877)

Provision for diminution in the value investments

Bad debts written off directly

————-

————-

————-

————-

(379,497)

(770,066)

(110,319)

(285,877)

————-

————-

————-

————-

Net mark-up/ return/ interest income after provisions

7,182,293

5,817,541

3,703,474

2,992,597

Non Mark-up/ Interest Income
Fee commission and brokerage income

744,128

659,182

373,454

332,297

Dividend income

235,699

58,761

144,209

24,309

Income From dealing in foreign currencies

213,899

440,140

91,977

279,730

Gain/ (loss) on Sale/ redemption of securities – net

68,785

(1,494)

68,782

29

Unrealized gain/ (loss) on revolution of investment
classified as held for trading

Other income

219,837

186,332

111,217

85,311

————-

————-

————-

————-

Total non-mark-up interest/ Income

1,482,348

1,342,921

789,639

721,676

————-

————-

————-

————-

8,664,641

7,160,462

4,493,113

3,714,273

Non Mark-up/ Interest Expenses
Administrative expenses

(4,115,007)

(3,667,821)

(2,005,797)

(1,911,338)

Other provisions/ write offs

(4,703)

360

Other Charges

(91,149)

(69,887)

(45,792)

(36,123)

————-

————-

————-

————-

Total non-mark-up/ Interest expenses

(4,206,156)

(3,742,411)

(2,051,589)

(1,947,101)

————-

————-

————-

————-

4,458,485

3,418,051

2,441,524

1,767,172

Extraordinary/ unusual items

————-

————-

————-

————-

Profit Before taxation

4,458,485

3,418,051

2,441,524

1,767,172

Taxation
Current

(1,618,647)

(1,196,227)

(833,826)

(671,765)

Prior years

(57,437)

(57,437)

Deferred

(273,603)

(146,426)

(252,143)

(54,828)

(1,949,687)

(1,342,653)

(1,143,406)

(726,593)

————-

————-

————-

————-

Profit After Taxation

2,508,798

2,075,398

1,298,118

1,040,579

————-

————-

————-

————-

Restated

Restated

Basic and Diluted earnings per share Rupees

2.48

2.05

1.28

1.03

For more Information, contact:
A. Saeed Siddique
Company Secretary
Bank Al Habib Limited
2nd Floor Mackinnon’s Building,
I.I. Chundrigar Road Karachi-Pakistan
Phones: (92-21) 32412421-32412986
Fax: (92-21) 32419752

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