In the first half of 2021, Allied Bank Limited had moderate profit increase of 4 percent, at Rs 8.76 billion, compared to the Rs 8.41 billion profit in the previous half year.
At the end of the first half of the calendar year, this is the bank's biggest ever profit.
According to the financial data released today by PSX, bank interest revenue decreasing from the same time last year to Rs. 25 billion to Rs. 23 billion in January-July.
Non-markup bank revenue nonetheless kept growing, up from Rs 6.6 billion in the previous year, to Rs 7.9 billion between Jan – Jul.
The profit per share value of the bank rose to 7.65 Rs. 7.35. For each shareholder, the Board of Management announced a remittance of Rs. 2 per share. This is supplementary to the provisional dividend of Rs. 2 per share already paid.
ABL's management focuses on the improvement of its services through digital channels and improves investor participation in government papers and private bonds.
The bank achieved an ever-high profit of 14.1 billion Rs in 2020.
