A significant achievement for the bank during the half year was impressive increase in the financing portfolio of the Bank which increased by 18.74 percent, from Rs 261.4 billion to Rs 310.4 billion. Advance to Deposits Ratio (ADR) of the bank now stands at 47.59 percent, as compared to 44.75 percent in Dec-16.
Bank AL Habib's prudent financing strategies and sound risk management policies resulted in decrease of loan infection ratio to 1.78 percent at Jun-17 from 2.12 percent in Dec-16. Coverage ratio of NPLs has also improved to 140.10 percent at Jun-17 from 136.95 percent in Dec-16.
The Bank continues to mobilise low cost deposits through strong relationship management and customer centric approach resulting in 11.67 percent growth in deposits which increased to Rs 652 billion at Jun-17 from 584 billion in Dec-16. BAHL's reach now includes a network of 627 Branches / Sub branches having coverage of 223 cities within Pakistan and 3 branches and 3 representative offices outside Pakistan. The bank also has a network of more than 680 ATMs across Pakistan to provide access and convenience to its customers.
Copyright Business Recorder, 2017