Bank Alfalah Reports Strong Financial Performance for 2024

Islamabad: The Board of Directors of Bank Alfalah Limited has approved the financial results for the year ended December 31, 2024, showcasing a robust performance in challenging conditions. The bank reported a profit after tax of PKR 38.318 billion, with an Earnings Per Share of PKR 24.30. A final cash dividend of PKR 2.50 per share was declared, bringing the total dividend for the year to PKR 8.50 per share.

According to a statement by Bank Alfalah, the bank’s deposits reached PKR 2.137 trillion, driven by strategic tax planning and a focus on low-cost deposits. The advances grew to PKR 1.156 trillion, marking a significant year-on-year increase of 48.8%. The bank maintained a Capital Adequacy Ratio of 17.96%, surpassing regulatory requirements.

Bank Alfalah continues to innovate in the digital banking sector and is committed to social responsibility initiatives in health, education, and economic opportunities. The bank received multiple accolades, including an upgraded credit rating to ‘AAA’ and awards for digital excellence and customer engagement.

Looking ahead, Bank Alfalah aims to enhance customer experience and uphold shareholder value amidst evolving challenges.

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