Allied Bank Limited (ABL): Result Previews – By WE Research

  • By: WE Financial Services Limited

  • - Published: Tuesday, 24 October 2017
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Primarily owing to decline in interest and non-interest income, the profit after taxation (PAT) of ABL is expected to fell by 18% YoY in 9MCY17 to Rs 9,974 million (EPS: Rs 8.71) as against a PAT of Rs 12,227 million (EPS: Rs 10.68) in 9MCY16. </span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Due to lower interest income, the net interest income (NII) of the bank would reduce by 5% YoY in 9MCY17 to Rs 24,611 million as against Rs 25,946 million in 9MCY16. Furthermore owing to decreased capital gain on sale of securities, the non-interest income would come down by 24% YoY in 9MCY17 to Rs 6,696 million as compared to Rs 8,824 million in the identical period in CY16. The bottom-line however would get some support fr...

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