KARACHI: Habib Bank Ltd’s (HBL) after-tax profit rose 11 per cent year-on-year to Rs35.1 billion during 2015. Earnings per share increased to Rs23.93 from Rs21.56.

The bank’s pre-tax profit surged to Rs60.3bn, a growth of 25pc year-on-year, said a press release on Tuesday.

The board declared a dividend of Rs3.50 per share, taking the total payout for the year to Rs14 per share.

With loans also growing, net interest income rose 14pc to Rs78.2bn and non mark-up income grew 56pc to Rs36.6bn.

Fees and commissions increased by 22pc to Rs17.1bn, while home remittances and investment banking businesses delivered stellar results, each crossing Rs1bn in income for the first time.

Published in Dawn, February 24th, 2016