BankIslami Pakistan Limited delivered strong results by posting profit before tax of Rs. 635.2 million for the Half year ended on June 30, 2016. The Bank recorded an increase of 5.15% in Deposits which crossed Rs. 148.6 billion. Asset base was noted at Rs. 185 billion denoting an increase of 4.55%. Second quarter marked completion of 10 years of commercial operations on April 7th, 2016. From being the smallest Bank in 2006, it has now become the 11th largest Bank with 317 branches in 93 Cities of Pakistan.
“The bottom line of the Bank has improved to Rs. 359 mn as compared to Rs. 63 mn same period. Going forward, we expect to improve upon our operating results by fully realizing the opportunities provided in all facets of the banking business. We are also optimistic about the future growth of the balance sheet of the Bank through newly opened branches”, Mr. Hasan A.Bilgrami, CEO- BankIslami.