Askari Bank Limited reported a profit-after-tax of Rs. 5.9 billion for Q3CY24

Askari Bank Limited (PSX: AKBL) has reported a profit-after-tax (PAT) of Rs. 5.9 billion for Q3CY24, a 4.4% increase year-over-year, with earnings per share (EPS) at Rs. 4.13. For the first nine months of CY24, PAT reached Rs. 14.1 billion, down 3.4% from last year.

The bank earned Rs. 104.5 billion in interest for Q3CY24, a 17.7% increase YoY. Net interest income was Rs. 18.5 billion, up 17.8% YoY. Non-funded income rose 10.8% YoY to Rs. 11.3 billion. OPEX increased 18.0% YoY to Rs. 8.8 billion, with a cost/income ratio of 39.9%.