Faysal Bank profit after tax doubled to Rs6.5 billion as compared to the corresponding period in 2023. Earnings per share increased from Rs2.12 to Rs4.29.
The total assets reached a new high of Rs1.5 trillion, with deposits increasing to Rs1.050 trillion and loan book exceeded Rs603 billion. Advance-to-Deposit Ratio (ADR) was at a healthy 55%, while its Capital Adequacy Ratio stood at 18.57%, well above the regulatory requirement.
The sound financial performance and the strong balance-sheet footing is reflective of the bank’s solid business fundamentals coupled with prudent risk management practices.
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