Connect with us

Business

Banks post highest-ever quarterly profits

Madison Franz

Published

1 year ago

on

Banks post highest-ever quarterly profits
Post Views: 276
Want create site? Find Free WordPress Themes and plugins.

KARACHI: The July-September quarter brought to the country’s banking industry the highest-ever three-month profits, a review of earnings data of 16 commercial banks showed on Wednesday.

According to Shameer Alam Zaidi, an analyst at Ismail Iqbal Securities Ltd, bank earnings clocked in at Rs85 billion in July-September, up 26 percent from a year ago.

Major drivers for the record-high earnings were higher interest rates and healthy fees and foreign exchange income.

“Provisions have increased but (they’re) still on the lower side, especially on loan portfolios… banks have so far remained largely unscathed from the Covid-19 and interest rate shocks,” he said.

The only spoiler has been a change in the tax regime, which has led to an effective tax rate of 52pc versus 41pc a year ago.

Net interest income of the sample banks increased 17pc in July-September on a quarterly basis owing to the lagged impact of the asset repricing. On the individual bank level, Standard Chartered Bank Ltd (42pc), Habib Metropolitan Bank Ltd (35pc), Askari Bank Ltd (34.9pc), Meezan Bank Ltd (32.2pc) and BankIslami Pakistan Ltd (25pc) were top performers while the Bank of Punjab Ltd (-9.5pc) and National Bank of Pakistan Ltd (0.7pc) remained underperformers.

Sector-wide, non-markup income declined 5pc quarter-on-quarter mainly because of a slight decrease in both fees and foreign exchange income. “Despite the expectation of significant normalisation, foreign exchange income remained robust and showed only a slight decline of 2.7pc quarter-on-quarter,” he said.

Deposits of the banking industry grew 15pc year-on-year while the assets-to-deposits ratio (ADR) improved to 48.6pc from 47.7pc in June and 46.9pc in the year-ago period. Habib Bank Ltd shed 10pc of its deposits on a quarterly basis, which took its ADR to over 50pc.

On the other hand, United Bank Ltd increased its deposits by 9.5pc from the preceding quarter, which pushed its ADR below 40pc and resulted in an effective taxation rate of 59pc.

“Though a majority of assets and deposits have been repriced, we still expect net interest income to improve further as the asset repricing from the hike of 125 basis points in July is yet to kick in. The provisions might see some uptick as the impact of the economic slowdown will be more evident in coming quarters,” said Mr Zaidi.

Published in Dawn, November 3rd, 2022

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram, and Facebook for insights on business, finance, and tech from Pakistan and across the world.

Did you find apk for android? You can find new Free Android Games and apps.
Related Topics:
Continue Reading

Business

E Learning Unimal

Odyssey News

Published

3 days ago

on

November 30, 2023

By

e learning unimal
Post Views: 113
Want create site? Find Free WordPress Themes and plugins.

Are you looking for information on E Learning Unimal? You have come to the right place! In this blog post, we will provide a step-by-step guide on E Learning Unimal

Elearniing Universitas Malikussaleh – Unimal

elearning.unimal.ac.id

selamat Datang Di Portal E-Learning Universitas Malikussaleh

VISIT

 

Teknik Kimia Universitas Malikussaleh

teknik-kimia.unimal.ac.id › content › featured
Bukit Indah|24 Maret 2020|Cara Mudah Kuliah Online dengan Google Meet. · 1.45K subscribers ; Bukit Indah|18 Maret 2020|Panduan Video e-learning Untuk Dosen · 1.44K …
VISIT

 

Free Elearning Unimal APK Download For Android – GetJar

www.getjar.com › Education › More Education
The elearning application for Malikussaleh University student activities. This application was created to make it easier for students to take part in online …
VISIT

 

elearning.unimal.ac.id – Elearning Universitas Malikuss… – Sur.ly

sur.ly › elearning.unimal.ac.id
Elearning Universitas Malikussaleh · Safety status. Safe · Server location. Indonesia · Latest check. 2 months ago.
VISIT

 

Cara Isi Absensi di E-learning UNIMAL – YouTube

www.youtube.com › watch

VISIT

 

Cara Login ke E-learning UNIMAL menggunakan akun … – YouTube

www.youtube.com › watch

VISIT

 

Tutorial Enrol ke Kelas di E-learning UNIMAL dari HP – YouTube

www.youtube.com › watch

VISIT

 

Elearning.unimal.ac.id – Website Informer

website.informer.com › elearning.unimal.ac.id

VISIT

 

Arsitektur UNIMAL (@igpaft) • Instagram photos and videos

www.instagram.com › igpaft
igpaft · Architecture Sharing Session – Workshop E-Learning UNIMAL oleh Bpk Nasrudin ST., MT · Kegiatan Sosialisasi Kurikulum Merdeka Belajar Kampus Merdeka untuk …
VISIT

 

Tag: Perkuliahan e-Learning – Serambinews.com – Aceh Tribunnews

aceh.tribunnews.com › tag › perkuliahan-e-learning

VISIT

 

Tutorial Enrol Kelas E-learning UNIMAL Part 2 – YouTube

www.youtube.com › watch

VISIT

 

Tutorial Membuat Daftar Presensi oleh Dosen di Elearning UNIMAL

www.youtube.com › watch

VISIT

 

Tutorial E-Learning UNIMAL | Cara Cepat Membuat Absensi Mudah …

www.youtube.com › watch

VISIT

 

#3. Tutorial Cara Mendaftar (Enroll) Mahasiswa oleh Dosen pada E …

www.youtube.com › watch

VISIT

 

e-learning unimal – GuruAkuntansi.co.id

guruakuntansi.co.id › tag › e-learning-unimal

VISIT

 

This is a complete list of sources that I found to be helpful in researching E Learning Unimal. If there are any other sites or articles you think should make this list, please leave them as comments below so we can include them!

 

You might also like:

GPT44X Amazon

Did you find apk for android? You can find new Free Android Games and apps.
Continue Reading

Business

Unveiling Brilliance: Exploring the Magic of Al Fakher Diamond Dust

Odyssey

Published

3 weeks ago

on

November 15, 2023

By

Al Fakher Diamond Dust
Post Views: 242
Want create site? Find Free WordPress Themes and plugins.

Imagine enjoying smoking on a whole new level, with a dash of genius added to every inhalation. This is precisely what the ground-breaking product in the shisha market, Al Fakher Diamond Dust, claims. This article explores the numerous facets of this amazing product, including its characteristics, background, and the reasons why enthusiasts today view it as indispensable.

Al Fakher Diamond Dust: A Diamond in the Rough

The essence of Al Fakher Diamond Dust is revealed to be a distinctive blend of fine tobacco and faintly shimmering diamond-like particles. The outcome? A unique smoking experience where luxury and flavor collide.

The Origin Story

Explore the origins of Al Fakher Diamond Dust and follow its history back to the rich tobacco customs of the Middle East. Discover how creativity and skill combine to produce a product that appeals to the senses.

Crafting Brilliance: Manufacturing Process

Al Fakher Diamond Dust

Al Fakher Diamond Dust

 

Discover the complex procedure that goes into making Al Fakher Diamond Dust. Every stage, from picking the best tobacco leaves to carefully adding tiny particles that like diamonds, is an example of excellence and perfection.

The Mesmerizing Features

We explore the unique qualities of Al Fakher Diamond Dust that make it unique in the world of indulgent hookahs.

Diamond-like Sparkle

See the eye-catching beauty of Al Fakher Diamond Dust. The delicate shimmer gives your smoking experience a touch of luxury and sparks conversation at any get-together.

Flavors That Dazzle

Explore a range of tastes that aren’t your typical ones. Al Fakher Diamond Dust provides a range of options to suit every taste, from traditional blends to creative creations.

Smoking with Elegance

With Al Fakher Diamond Dust, your shisha sessions will be elevated from a casual hobby to an opulent event.

The Perfect Social Companion

Al Fakher Diamond Dust

Al Fakher Diamond Dust

 

Find out how smoking is made more socially enjoyable with Al Fakher Diamond Dust. With friends, enjoy happy and restful times to make every session special.

Tips for Optimal Enjoyment

With helpful advice on taste matching, heat management, and packing, you can maximize the benefits of Al Fakher Diamond Dust. Make smoking a ritualistic endeavor.

Frequently Asked Questions

Q1: Is Al Fakher Diamond Dust suitable for beginners?
A1: Absolutely! Al Fakher Diamond Dust caters to all levels of enthusiasts, offering a smooth and enjoyable smoking experience for beginners and seasoned users alike.

Q2: How long does the diamond-like sparkle last?
A2: The diamond-like particles in Al Fakher Diamond Dust are designed to last throughout the smoking session, providing a mesmerizing visual experience from start to finish.

Q3: Are there any health concerns with inhaling diamond-like particles?
A3: Rest assured, the diamond-like particles in Al Fakher Diamond Dust are safe for inhalation. Extensive testing ensures a worry-free smoking experience.

Q4: Can I mix Al Fakher Diamond Dust with other shisha flavors?
A4: Certainly! Get creative with your flavors by mixing Al Fakher Diamond Dust with your favorite shisha blends. The possibilities are endless.

Q5: Is Al Fakher Diamond Dust available worldwide?
A5: Yes, Al Fakher Diamond Dust is globally accessible, bringing its unique sparkle to shisha enthusiasts around the world.

Q6: How do I clean my hookah after using Al Fakher Diamond Dust?
A6: Maintaining your hookah is easy. Simply follow standard cleaning procedures, ensuring a residue-free experience for your next smoking session.

Conclusion

To sum up, Al Fakher Diamond Dust is a sensory experience that combines flavor and visual appeal, going beyond the bounds of traditional shisha. Enhance your smoking routine with this innovative gem.

Also Visit: Dermatologist Personalized and Custom Skin Care Routine

Also Read: Unlocking Toto Togel Success: Proven Tips and Techniques

More Read: The Rise of Binbex: Exploring Trends in Cryptocurrency Trading
Did you find apk for android? You can find new Free Android Games and apps.
Continue Reading

Trending

error: Content is protected !!