ABU DHABI (PR): Bank Alfalah has reported earnings per share of Rs 3.47, for the year ended December 31, 2013, improving from Rs 3.38 per share reported for the year 2012. Profit before tax was reported at Rs 6.807 billion for the year ended December 31, 2013 as against Rs 6.783 billion for the last year. The Bank’s overall profitability has remained consistent, despite the low interest rates witnessed during the year.
The Bank’s Net markup income was recorded at Rs. 16.895 billion for 2013 as compared to Rs. 18.580 billion in 2012, and was supplemented by an increase of 13.7% in non mark-up income, which was recorded at Rs. 8.279billion for the year 2013, including a contribution of Rs. 2.800billion from fee based income and capital gain on sale of securities of Rs. 1.589 billion.