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HABIBMETRO Profit Before Tax Increases by 88% in 2023

HABIBMETRO continued its growth momentum by posting an 88% year-on-year increase and declaring a profit-before-tax of Rs. 52 billion for the year ended Dec 31, 2023. The increase in profitability was led by core earnings as the net interest margin improved by 76% year-on-year. Total deposits of the Bank exceeded Rs. 1 trillion, posting a growth of 15% from last year.

CASA deposits reached Rs. 744 billion with a year-on-year growth of 32%.

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