ISLAMABAD – Askari Bank (AKBL) announced half year earnings (profit before tax) at Rs.12.157 billion depicting a YoY increase of 80% on the back of strong delivery by all business segments. Total revenues increased by 11% YoY to Rs.23 billion contributed by robust growth across key income streams. This trend reflects the effective implementation of various cost rationalization initiatives and has also placed AKBL’s cost to income ratio amongst the best in industry for the current period. Askari Bank has been pursuing a strategy to grow market share of retail business, particularly retail deposit and current accounts in the business hubs of central and south regions. Bank plans to grow market share in retail segment, particularly low-cost and saving deposits which aligns well with the branch network expansion.
