Skip to Content

Bank Alfalah Limited’s financial results for the year ended 31st December

Be First!

Karachi, March 04, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Bank in their meeting held on 3rd March 2013 at 04:30 PM (UAE time) at Abu Dhabi Recommended the following:

(i)  Cash Divided        Rs. 2 per share (i.e.20%)

(ii)  Bonus Shares       Nil

(iii)  Right Shares      Nil

(iv)  Any other entitlement/corporate action        Nil

(v) Any other price-sensitive information           Nil

The financial results of the Bank as on 31st December 2012 are enclosed as Annexure “A”.

The Annual General Meeting will be held on 29th March 2013 at 10:00 AM at Karachi.

The Share Transfer Books of the Bank will be closed from 22nd March 2013 to 29th March 2013 (both days inclusive). Transfers received at the office of our Share Registrar, M/s. F.D. Registrar Services (SMC-Pvt) Limited, situated at Room No. 1705, 17th Floor, Saima Trade Tower “A”, I.I. Chundrigar Road, Karachi, before the close of business on 21st March 2013 will be treated in time for the purpose of above entitlement to the transferees.

Profit and Loss account for the ended December 31, 2012

Note

2012

2011

(Rupees in ‘000)

Mark-up / return / interest earned

23

46,079,918

44,298,178

Mark-up/ return / interest expensed

24

27,500,056

25,687,485

———-

———-

18,579,862

18,610,693

Provision against loans and advances- net

10.5

1,848,535

1,864,510

Provision for diminution in the value of investments

9.22

1,708,833

2,459,294

Bad debts written off directly

1,164

5,696

———-

———-

3,558,532

4,329,500

———-

———-

Net mark-up/ interest income after provisions

15,021,330

14,281,193

Net mark-up/ interest income
Fee commission and brokerage income

2,536,717

2,148,239

Dividend income

349,061

191,708

Income from dealing in foreign currencies

1,309,703

1,115,417

Gain on sale of securities – net

25

1,328,000

140,093

Unrealised (loss) / gain on revaluation of investments
Classified as held for trading-net

9.24

1,511

(11,053)

Other income

26

1,756,348

1,783,309

———-

———-

Total non mark-up / interest income

7,281,340

5,367,713

———-

———-

22,302,670

19,648,906

Non mark-up/ interest expenses
Administrative expenses

27

15,204,036

13,832,096

(Reversal) provision against off-balance sheet obligations

18.3

(22,005)             –

Provision against other asset

13.3

130,504

183,161

Other charges

28

206,933

199,931

———-

———-

Total non mark-up/ interest expenses

15,519,468

14,215,188

———-

———-

6,783,202

5,433,718

Extra ordinary / unusual items

———-

———-

Profit before taxation

6,783,202

5,433,718

Taxation

29

-Current

3,141,909

3,263,249

– Deferred

(754,828)

(1,377,661)

– Prior years

(160,000)

(45,000)

———-

———-

2,227,081

1,930,588

———-

———-

Profit after taxation

4,556,121

3,503,130

Unappropriated profit brought forward

5,248,059

2,415,860

Transferred from surplus on revaluation of
Fixed assets – net of tax

29,695

29,695

———-

———-

Profit available for appropriation

9,833,875

5,948,685

———-

———-

(Rupees)

Basic / diluted earnings per share

30

3.38

2.60

The annexed notes 1 to 45 and Annexures 1 and 11 form an integral part of these financial statements.

For more information, contact:
Director
Bank Alfalah Limited
B. A. Building I. I. Chundrigar Road,
Karachi Pakistan,
Tel: (92-21) 2414030-10
Fax: (92-21) 2411151
Web Site: www.bankalfalah.com

Previous
Next

Leave a Reply