KASB Bank registers half yearly profit of Rs371 million
(Nation (Pakistan) Via Acquire Media NewsEdge) The Board of Directors of KASB Bank Limited, which met in Karachi the other day, has approved its half yearly results for 2013. The bank’s operational profit for the first six months of 2013 is to the tune of Rs. 371 million which has recorded improvement over 2012 full year operational profit.
This is a reflection of overall improvement, particularly in the deposit mix resulting in reduction in cost of deposit, close monitoring of administrative cost, and handling of Home Remittances worth Rs. 8 billion approximately.
Commenting on the occasion, Bilal Mustafa, President & CEO, KASB Bank said, “The results show that we are moving in the right direction. I am expecting that this positive trend will continue in the future as well.”
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