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Bank Al-Falah Limited (BAFL): 1QCY25 Earnings Call Key Takeaways - By Taurus Research

  • By: Taurus Securities Limited

  • - Published: Thursday, 24 April 2025
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">PAT for the quarter clocked-in at PKR 9.9Bn. Wherein, net interest income was up 6%YoY as the impact of lower interest rates was offset by building fixed-rate PIB book and growth in current accounts. Non-markup income was up 13%YoY. However, fee income came under pressure due to revision in the commission structure affecting the Bank i.e. home remittances. Operating cost was up significantly owing to surge in marketing expenses mainly and branch expansions. Finally, the Bank booked a net reversal of PKR 468Mn in provisions due to strong recoveries and reversals during the period.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Advances were up 29%YoY with a market share of 6.5%. NPL ratio stood at 4....

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