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Sunday October 27, 2024

Faysal Bank’s 9M earnings up 64pc

By Our Correspondent
October 27, 2024
An outside view of the Faysal Bank building in Karachi. — LinkedIn/Faraz Saeed Baig
An outside view of the Faysal Bank building in Karachi. — LinkedIn/Faraz Saeed Baig

KARACHI: Faysal Bank Limited (FBL), in its financial results for the nine months ended September 30, 2024, reported a profit after tax (PAT) of Rs19.8 billion, marking a 64 per cent increase as compared to the same period last year. Reflecting this strong performance, the bank also declared an interim cash dividend of 15 per cent.

Chairman of Faysal Bank Mian Muhammad Younis said, “The financial performance reflects the bank’s solid business fundamentals, complemented by our innovative Islamic products.”

President and CEO of Faysal Bank Yousaf Hussain added, “Our success in the first nine months of 2024 reflects the trust of our customers, the commitment of our staff, and the strength of our Sharia-compliant offerings. We remain dedicated to delivering excellence and are well-prepared to sustain this growth momentum.”