BAFL Earnings Preview: NIMs expected to be BAFL’s saving grace

MG News | August 17, 2019 at 02:07 PM GMT+05:00

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August 17, 2019 (MLN): Bank Alfalah Limited (BAFL) is all set to hold its Board meeting on August 19, 2019, to discuss and announce the financial results for the half year ended June 30, 2019.

Various research houses have set forth their predictions regarding the bank’s performance, wherein the majority is expecting Profit after tax to improve by 17% to Rs. 7 billion, as compared to PAT of Rs. 6.03 billion earned in the same period of last year.

The improvement in earnings is expected on the back of higher Net Interest Margins during the period, which in turn is a result of increase in asset base along with higher interest rate. Moreover, the bank is expected to report double-digit growth in Net foreign income owing to higher earnings from fee income from Forex dealings.

Nonetheless, higher operating expenses incurred during the period are expected to keep the net earnings at bay. In addition to this, the non-interest income is expected to come down owing to absence of adequate capital gains.

Financial Projections for the half year ended June 30, 2019
Research house	PAT (PKR million)	EPS (Rupees)	% Change	Cash Dividend
Ismail Iqbal Securities	7,069	3.98	17.1%	Rs. 1 per share
JS Global Capital Limited	7,047	3.97	17%	Rs. 1 per share
Arif Habib Limited	7,983	4.5	29%	Rs. 1.5 per share
Darson Securities	7,143	4.03	18.3%	Rs. 1.5 per share

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