The bank’s total deposit base closed at Rs2.8 trillion, with robust CA and CASA ratios of 35.1pc and 83.1pc respectively. The bank’s total coverage improved to over 100pc, with the specific coverage at 86pc. Commenting on the bank’s performance, HBL President and CEO Muhammad Aurangzeb said, “The bank’s growth momentum continues in the new year with all activity drivers showing an upward trajectory. During Q1FY21 HBL successfully completed a series of modules on Social Risk Management (SRM) led by CDC UK under its capacity building initiative. During Q1FY21, HBL won the 2021 Asiamoney Award for Best Domestic Bank, the Best Customer Franchise award, Best Bank for SMEs and also Best Investment Banking award by the Pakistan Banking Awards.

Source: Pakistan Today April 20, 2021 08:37 UTC