HBL has reported a record profit before tax of Rs 85.9 billion for the first nine months of 2024, marking a 3% increase compared to the same period last year. This growth is credited to strong domestic operations and improvements in its international business. The bank’s profit after tax stood at Rs 43.3 billion, with earnings per share reaching Rs 30.03.
In addition to these strong financial results, HBL has announced an interim dividend of Rs 4 per share, which adds to the earlier Rs 8 dividend already declared this year. The total revenue for HBL increased by 14%, reaching Rs 246 billion. This revenue growth was driven by a 4.2% rise in net interest income and a nearly 60% increase in non-fund income, showcasing the bank’s diversified income streams.
HBL’s steady performance highlights its ability to adapt to market changes and deliver consistent results, benefiting both its shareholders and customers. The strong financial results reinforce its position as a leading financial institution in Pakistan, showing resilience in both domestic and international markets.
