Karachi: Habib Bank Ltd. (HBL) announced a decline in its consolidated profit for the first quarter of the calendar year 2026, reporting earnings of PkR16.1 billion, a 3% decrease compared to the same period last year. The bank's earnings per share also dropped to PkR11.0 from PkR11.3.
According to AKD Securities Limited, the bank's Net Interest Income (NII) experienced a year-on-year growth of 4%, reaching PkR71.4 billion. This increase occurred despite a squeeze in profit margins, attributed to the bank's strategic expansion of its asset base with increased investments in floating-rate government securities. This allocation was primarily facilitated by growth in deposits, enabling HBL to maintain attractive spreads.
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