Habib Bank grows revenue, profit
Source: http://feedproxy.google.com/~r/FrontierMarkets/~3/Yocd2rs2P5Q/Posted on Saturday, February 21st, 2009 | In Frontier Markets, Pakistan
Contributed by: Jason G. Wulterkens (http://frontiermarkets.wordpress.com) -
Karachi-based Habib Bank Ltd., Pakistan’s largest by the number of branches, reported an increase in revenue to 79.7 billion rupees from 60.5 billion rupees in the year ended Dec. 31, as well as a 54% rise in profit after higher lending and rising interest rates. Shares of the company have risen 21.8% this year. Pakistan’s central bank raised interest rates four times last year to the highest levels in Asia. Moreover, lending expanded by just under 20% in 2008, led by demand from energy companies and textile manufacturers, according to CEO Zakir Mahmood.
Last 5 posts by Jason G. Wulterkens
- GCC insurers lustfully eye robust takaful market, new underwriting standards - November 25th, 2009
- Maturing debt markets anchor emerging economies’ resilience, V-shaped recovery - November 19th, 2009
- Abyaar net profit surge could spur sukuk - November 15th, 2009
- Growth, inflation creeping up as Egyptian equities shine - November 13th, 2009
- As urea goes, so does QAFCO, Industries Qatar - November 7th, 2009
Tags for this Post:
Asia, central bank, energy, Frontier Markets, Frontier Markets, Habib Bank Ltd.;, jason g wulterkens, Pakistan, Pakistan, rupee, Zakir Mahmood;
Asia, central bank, energy, Frontier Markets, Frontier Markets, Habib Bank Ltd.;, jason g wulterkens, Pakistan, Pakistan, rupee, Zakir Mahmood;
 About Jason G. Wulterkens (http://frontiermarkets.wordpress.com)
Jason G. Wulterkens is a licensed attorney in the United States, who also has a degree in economics and a certificate in alternative dispute resolution (ADR). Anything and everything about the so-called “frontier” markets, including but not limited to their geopolitics and financial markets. Jason can be contacted at jgerritwulterkens@gmail.com. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.