Habib Bank Limited (HBL): Lower NFI & higher Opex to suppress 3QCY18 EPS – By Pearl Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The board meeting of Habib Bank Limited (HBL) is scheduled
to take place on October 25th, 2018 to unveil its 3QCY18 financial results.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect HBL to post consolidated net earnings of PKR4.44bn
(EPS PKR2.96) as compared to after tax loss of PKR14.12bn (LPS PKR9.70)
registered in 3QCY17.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Interest income of the bank is expected to rise 7%YoY on
account of double-digit growth anticipated in bank’s credit offtake (+12%YoY).
However, accretion in bank’s deposit volumes (+6%YoY) in conjunction with higher
deposit rate are estimated to enhance bank’s interest expense ...
