Allied Bank Limited (ABL): EPS clocked-in at PKR11.38, up 2%YoY CY18 – By Shajar Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Allied Bank Limited (ABL) reported its CY18 results today, where the bank&rsquo;s profitability grew from PKR12.9bn (EPS of PKR11.12) to PKR13.0bn (EPS of PKR11.38), slightly up by 2% YoY.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Bank&rsquo;s interest income recorded 12% growth to stand at PKR73.3bn, while, the interest expensed showed massive 21% growth to stand at PKR41.2bn due to re-pricing of the interest rate. Therefore, net interest income rose by meager 2% to PKR32.1bn during CY18 (Cost to income Ratio 56% in CY18 vs. 52% in CY17)</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">ABL booked PKR1.9bn reversals in 4Q, While, ABL&rsquo;s non-markup interest income ...