Bank Al-Habib Limited (BAHL): 2Q2024 EPS at Rs10.2, up 50% YoY (Earnings in line with industry expectations) – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Bank AL Habib (BAHL) announced its 2Q2024 result today, where the bank recorded highest ever consolidated quarterly earnings of Rs11.4bn (EPS of Rs10.2), up 50% YoY and 11% QoQ. This takes 1H2024 earnings to Rs21.6bn (EPS Rs19.4) up 19% YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Alongside the result, the bank also announced second interim cash dividend of Rs3.5/share in 2Q2024, taking 1H2024 dividend to Rs7.0/share.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net Interest Income NII for 2Q2024 settled at Rs37bn up 42% YoY due to rise in asset yields. However on QoQ, BAHL announced better than expected NII growth of 1% where interest ear...