The profit after tax (PAT) of Faysal Bank has increased to Rs 1.867 billion in the quarter ended March 31, 2017 as compared to Rs 1.357 billion earned in the corresponding period in 2016. The board of directors of the bank in its meeting declared that the bank's earning per share has increased to Rs 1.56 in the period under review against Rs 1.13 in the same period last year.

According to the financial results, the bank's mark-up/return/interest earning increased to Rs 6.908 billion in this quarter against Rs 6.767 billion in the same quarter last year while mark-up/return/interest expenses decreased to Rs 3.395 billion against Rs 3.622 billion. The bank's total non-mark-up/interest income increased to Rs 1.995 billion in this quarter against Rs 1.681 billion in the same quarter last year while total non-mark-up/interest expenses increased to Rs 2.846 billion against Rs 2.640 billion. The bank's profit before taxation increased to Rs 2.930 billion in this quarter against Rs 2.087 billion in the same quarter last year.

Copyright Business Recorder, 2017