Habib Bank Limited (HBL): CY22 Result Review: BUY Stance Maintained – By Abbasi Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">HBL has announced its CY22 result where it posted a profit after tax of Rs30.87bn (EPS: Rs21.04) as compared to a profit after tax of Rs34.27bn (EPS: Rs23.36) in the same period last year, down by 9.9% YoY amid super tax imposed by the government.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The bank has posted a net interest income of Rs152.14bn against Rs120.95bn in SPLY, recording an increase of 25.8%. Non-interest income has increased by 24.5% YoY to Rs38.26bn as compared to Rs30.72bn during SPLY, mainly due to a surge in fee &amp; commission and foreign exchange income by 24.3% and 206% respectively.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:me...