Habib Metro Bank sees slight rise in profit

By MG News | April 23, 2025 at 11:10 AM GMT+05:00

0:00

April 23, 2025 (MLN): Habib Metropolitan Bank Limited (PSX: HMB) has reported its financial results for the current period, posting a profit after taxation of Rs6.24 billion, showing a nearly 2% increase compared to Rs6.12bn in the same period last year.

The bank has declared an interim cash dividend of Rs2.5 per share, i.e., 25%

The bank's basic and diluted Earnings Per Share (EPS) stood at Rs5.8, compared to Rs5.68 in the previous period, reflecting a 2.11% rise.

Profit before taxation rose by around 11.5% to Rs13.26bn from Rs11.9bn in the prior period.

Total income during the period increased by 14.52% to Rs23.53bn, driven largely by strong growth in non-mark-up/interest income.

Non-mark-up/interest income surged by nearly 46% to Rs5.45bn, compared to Rs3.74bn in the same period last year.

Key contributors to this growth included a 55.25% rise in foreign exchange income, a 15.16% increase in fee and commission income, and nearly 30% higher dividend income.

Net mark-up/interest income also posted growth of 7.6%, amounting to Rs18.08bn, despite a 28.78% drop in mark-up/return/interest earned, which fell to Rs42.78bn.

The bank’s mark-up/return/interest expense decreased significantly by 42.9% to Rs24.7bn.

Operating expenses increased by 25.1% to Rs9.3bn, while the bank allocated Rs267.5m to the Workers’ Welfare Fund, marking a 9.4% rise.

Total non-mark-up/interest expenses climbed by 23.67% to Rs9.58bn.

Credit loss allowance and write-offs declined by 23.9% to Rs678m, down from Rs892m, indicating improved credit quality.

The bank’s taxation expense stood at Rs7.02bn, up 21.5% from the previous period’s Rs5.78bn.

CONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED (Rs '000)
Particulars	Mar-25	Mar-24	%Change
Mark-up / Return / Interest Earned	42,780,468	60,064,053	-28.78%
Mark-up / Return / Interest Expensed	(24,704,956)	(43,263,818)	-42.90%
Net Mark-up / Interest Income	18,075,512	16,800,235	7.59%

Non Mark-up / Interest Income
Fee and Commission Income	2,851,059	2,475,835	15.16%
Dividend Income	269,115	207,119	29.93%
Foreign Exchange Income	2,019,127	1,300,554	55.25%
Income / (Loss) from Derivatives	-	-
Gain / (Loss) on Securities - Net	250,722	(267,137)
Net Gain / (Loss) on Derecognition of Financial Assets	-	-
Other Income	60,945	26,342	131.36%
Total Non Mark-up / Interest Income	5,450,968	3,742,713	45.64%
Total Income	23,526,480	20,542,948	14.52%

Non Mark-up / Interest Expenses
Operating Expenses	9,300,457	7,434,093	25.11%
Workers’ Welfare Fund	267,468	244,476	9.40%
Other Charges	16,580	71,777	-76.90%
Total Non Mark-up / Interest Expenses	(9,584,505)	(7,750,346)	23.67%

Profit Before Credit Loss Allowance	13,941,975	12,792,602	8.98%
Credit Loss Allowance and Write Offs - Net	(678,331)	(891,572)	-23.92%
Extra Ordinary / Unusual Items	-	-
Profit Before Taxation	13,263,644	11,901,030	11.45%
Taxation	(7,019,911)	(5,777,365)	21.51%
Profit After Taxation	6,243,733	6,123,665	1.96%

PROFIT ATTRIBUTABLE TO:
Equity Shareholders of the Holding Company	6,078,651	5,954,276	2.09%
Non-controlling Interest	165,082	169,389	-2.54%
Total	6,243,733	6,123,665	1.96%

Basic and Diluted Earnings Per Share (EPS)	5.8	5.68	2.11%

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