Habib Bank Limited’s financial results for the six months ended June 30, 2012

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Karachi, August 10, 2012 (PPI-OT): The Board of Directors of Habib Bank Limited (HBL) at their meeting held on August 10, 2012 at Karachi are pleased to announce the results for the six months ended 30 June, 2012, which are attached as Annexure A and B respectively.

It may please be noted that while announcing the result at the Exchange, please announce the consolidated result first.

The Board of Directors has declared a half year Interim Cash Dividend of Rs. 3.5/- per share i.e.35% (Thirty Five percent).

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on Monday, 27th August, 2012.

The Share Transfer Books of the Bank will be closed from 28th August 2012 to September 2012 (both days inclusive). Transfers received at Bank’s shares registrar M/s THK Associates (Pvt.) Ltd, Ground floor, State Life Building # 3, Dr Ziauddin Ahmed Road, Karachi at the close of business on 27th August 2012 will be treated in time for the purpose of above entitlement to the transferees.

Annexure A

Consolidated Profit and Loss Account for the Six Months Ended June 30, 2012

	June 30	June 30
	2012	2011
	(Rupees in ‘000)
Mark-up / return / interest earned	54,564,468	46,106,435
Non mark-up / interest income	7,788,867	7,612,928
	———-	———-
62,353,335             53,719,363
Mark-up / return / interest expensed	(25,453,029)	(19,271,771)
Provisions and Write offs	(2,221,806)	(4,615,716)
Operating Expenditure	(15,517,881)	(14,379,868)
	———-	———-
	(43,192,716)	(38,267,355)
	———-	———-
Profit before taxation	19,160,619	15,452,008
Taxation	(7,302,102)	(5,442,033)
	———-	———-
Profit after taxation	11,852,517	10,009,975
	———-	———-
Attributable to:
Equity holders of the Bank	11,730,661	9,907,292
Non-Controlling interest	48,963	24,226
Minority Investor of HBL Funds	78,893	78,457
	———-	———-
	11,858,517	10,009,975
	———-	———-
	(Rupees)
Basic and Diluted earnings per share	9.68	8.17

Annexure B

Unconsolidated Profit and Loss Account for the Six Months Ended June 30, 2012

	June 30	June 30
	2012	2011
	(Rupees in ‘000)
Mark-up / return / interest earned	53,423,836	45,246,473
Non mark-up / interest income	6,280,957	6,529,295
	———-	———-
	59,704,793	51,775,768
Mark-up / return / interest expensed	(25,127,434)	(19,006,516)
Provisions and Write offs	(2,289,352)	(4,702,507)
Operating Expenditure	(14,352,949)	(13,554,412)
	———-	———-
	(41,769,735)	(37,263,435)
	———-	———-
Profit before taxation	17,935,058	14,512,333
Taxation	(6,948,529)	(5,224,618)
	———-	———-
Profit after taxation	10,986,529	9,287,715
	———-	———-
	(Rupees)
Basic and Diluted earnings per share	9.06	7.66

For more Information, contact:
R. Zakir Mahmood
President and CEO
Habib Bank Limited
Corporate Secretariat,
12th Floor, HBL Plaza,
I. I. Chundrigar Road Karachi.
P: 021-2440991
F: 021-2415623
Web: www.hbl.com