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KARACHI, July 17: PICIC Commercial Bank said on Wednesday its deposits rose by 90 per cent and profits by 41 per cent during the half year ended on June 30, 2002.
It said in a press release that the half yearly results were approved by the bank’s board of directors in a meeting held on June 15.
The meeting was informed that trade related business of the bank grew by 75pc and advances by 64 per cent whereas the bank reduced the volume of its non-performing loans by 55 per cent.
The equity base of the bank is Rs1.084 billion.
