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HBL’s prudent risk management resulted in a reduction in non-performing loans with provisions also decreasing by 26% over the first quarter of 2016.
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The consolidated Capital Adequacy Ratio (CAR) as at March 2017 was 15.5%, with the Tier 1 CAR at 12.1%, both well above regulatory requirements. Tian Guoli, Chairman Bank of China at HBL Plaza, Karachi. Sultan Ali Allana hosted a lunch for the Chairman Bank of China Mr. Chairman BOC is visiting Pakistan to discuss and explore the possibilities of setting up a branch of BOC in Karachi. Tian on the banking potential in Pakistan and discussed ways on how the two banks can cooperate in various areas including technology, CPEC, business in Pakistan and China, collaboration in international markets and people training and development. Allana and discussed specific proposals on the areas of cooperation and the method of cooperation.
The Bank’s local credit ratings remain in the highest possible AAA/A-1 categories for long term and short term respectively. He was confident that the two banks will be able to benefit from their respective expertise and will cooperate closely in future.
During this time the following services will be unavailable:HBL today declared a consolidated profit after tax of Rs 9.1 billion for the first quarter of 2017, with earnings per share of Rs 6.16.
Along with the results, the Bank declared a dividend of Rs 3.5 per share (35%).
At HBL, we strive to provide the most reliable services to our customers.
In order to further improve our services, a scheduled maintenance activity will be carried out on 18th November 2017 from 2am to 4am.
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