Category: Banking

 Meezan Bank Limited (MEBL) reported 4Q2019 result earlier today postingProfit after Tax (PAT) of PkR5.5bn or EPS of PkR4.28/sh, up 97%Y/Y and 27%Q/Q. As expected MEBL skipped cash dividend for March quarter. The result is above market consensus of PkR2.84/sh and KASB’s estimate of PkR3.1/sh by 51% and 38% respectively. We expect the stock… Continue reading Meezan Bank Limited (MEBL) 1Q2020 Result-EPS at PkR4.28/sh-beats market consensus

Allied Bank Limited (ABL) held a conference call for Analysts and Investors today. The management reviewed 1Q2020 results and gave guidance regarding the future outlook of the bank. Key highlights of the conference call were: -The management believes the results during 1Q2020 were more reflective of dynamics during 2H2019. Going forward, the bank expects its… Continue reading Allied Bank Limited (ABL) 1Q2020 conference call takeaways

United Bank Limited (UBL) held a conference call for Analysts and Investors today. The management reviewed 1Q2020 results and gave guidance regarding the future outlook of the bank. Key highlights of the conference call were: -Overall NPLs increased by 12.6%Q/Q to PkR86.3Bn. Domestic NPLs increased by PkR3.7bn largely driven by one big name in the… Continue reading United Bank Limited (UBL) 1Q2020 conference call takeaways

-Bank Alfalah Limited (BAFL) reported 1Q2020 result today posting Profit after Tax (PAT) of PkR2.8bn or EPS of PkR1.59/sh, down 10%Y/Y and 18%Q/Q. As expected BAFL skipped cash dividend for March quarter. The result is below market consensus of PkR2.00/sh and KASB’s estimate of PkR1.8/sh by 20% and 11% respectively. We expect the stock to… Continue reading Bank Alfalah Limited (BAFL) 1Q2020 Result: EPS at PkR1.59/sh, -20% below consensus

 United bank Limited (UBL) reported 1Q2020 result today posting consolidated Profit after Tax (PAT) of PkR4.9bn or EPS of PkR3.98/sh, up 21%Y/Y. Along with this, UBL paid out PkR2.5/sh as dividend. The result is above market consensus of PkR3.74/sh and KASB’s estimate of PkR3.61/sh by 6.5% and 10.3% respectively. We expect the stock to… Continue reading United Bank Limited (UBL) 1Q2020 Result: EPS at PkR3.98/sh-6.5% above consensus

Habib Bank Limited (HBL) held a conference call for Analysts and Investors today. The management reviewed 1Q2020 results and gave guidance regarding the bank’s outlook. Key highlights of the conference call were: -Operating expenses increased drastically in 1Q2020 due to costs related to closure of New York branch—approx. 24-25mn USD (PKR 4bn). The bank initially… Continue reading Habib Bank Limited (HBL) 1Q2020 conference call takeaways

 Habib Bank Limited (HBL) reported 1Q2020 result today posting consolidated Profit after Tax (PAT) of PkR4.1bn or EPS of PkR2.79/sh, up 34%Y/Y. Along with this, HBL paid out PkR 1.25/sh as dividend. The result is below market consensus and KASB estimates of PkR 3.37/sh and PkR 3.47/sh, by 17% and 19%, respectively. We expect… Continue reading Habib Bank Limited (HBL) 1Q2020 Result: EPS at PkR2.79/sh-17% below consensus

 MCB Bank Limited (MCB) reported 1Q2020 result today posting consolidated Profit after Tax (PAT) of PkR 6.6bn or EPS of PkR 5.59/sh, up 33%Y/Y. Along with this, MCB paid out PkR 5.00/sh as dividend. The result is above market consensus of PkR 5.04/sh by 11%. KASB’s estimate was PkR 5.62/sh. We expect the stock… Continue reading MCB Bank Limited (MCB) 1Q2020 Result: EPS at PkR5.59/sh-11% above consensus

 Allied Bank Limited (ABL) reported 1Q2020 result today posting Profit after Tax (PAT) of PkR4.02bn or EPS of PkR3.51/sh, up/down 35%Y/Y. Along with the result, ABL announced PkR 2/sh as dividend. However, SBP in its notification today advised Banks/DFI/MFB to suspend dividend for quarters ending March and June 2020. The result was above market… Continue reading ABL 1Q2020 Result: EPS at PkR 3.51/sh- slightly above market consensus

State Bank of Pakistan in its circular Ref. no. BPRD/BA & CPD/006315/20 advised Banks/DFI/MFB to suspend distribution of profits by way of declaring dividend in any manner (cash or stocks) for the quarter ending March 31, 2020 and half year ending June, 2020. This will conserve the capital and would enhance the lending and loss… Continue reading State Bank of Pakistan (SBP) advises banks to suspend dividend for March and June 2020