Bank Alfalah Ltd : Result 1QCY16 - By BMA Research

<p></p><ul><li><span style="font-size:small;">Bank Alfalah Ltd (BAFL) BoD is scheduled to meet on April 27, 2016 for the consideration of 1QCY16 results. We expect the bank to post earnings of PKR2bn (EPS:PKR1.25) in con- trast with the preceding year same period earnings of PKR1.98bn (EPS of PKR1.24) wit- nessing a menial growth of 1% Y/Y. This translates into a healthy increment of 35% Q/Q driven by 1) Lower provisioning&nbsp;&nbsp;and 2) Controlled Admin expenses. &nbsp;</span></li></ul><ul><li><span style="font-size:small;">BAFL deposits and advances are likely to follow the industry trends, expanding by 0.7% Q/Q and 2.1% Q/Q respectively where the focus will remain on expanding by targeting low cost deposits. ADR of the bank is expected to remain healthy at 52.90% along with investments to jump by 1% Q/Q.</span></li></ul><ul><...