Askari Bank Limited (AKBL): Corporate Briefing Key Takeaways – By Topline Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The banks market share in terms of deposit clocked around 4.2%, while branches as of Jun-2019 were 519.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The bank&rsquo;s total deposit grew by 11% in 1H2019 to Rs 638bn (vs Rs 573bn in Dec-18). The significant growth was recorded in term deposits by 33% to Rs 116bn, while current and savings account grew by 10% and 6% to Rs 335bn and Rs 186bn, respectively.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">According to the management, IFRS-9 will have a significant impact on banking industry. Although the deadline of implementation remains unclear, the bank eyes gradual implementation of the said IFRS.</span></li><li><span style=...