Financial results of Askari Bank Limited for quarter ended September 30, 2016

Karachi, Askari Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on October 13, 2016.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 1,227,116 with earnings per share 0.97 basic and diluted and consolidated profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 1,224,825 respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Askari Bank Limited was incorporated in Pakistan on October 9, 1991, as a public limited company and commenced its operation on April 1, 1992. The company is engaged in the business of banking defined in the Banking Companies Ordinance, 1962. The branch networks of the bank also include Islamic and agricultural banking. The registered office of the bank is located in Rawalpindi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The bank has more than 240 branches located all over Pakistan. The products and services which the bank provides to its customers include agricultural banking, branch banking, consumer banking, corporate banking and Islamic banking services.

The symbol “AKBL” is being used by the stock exchange for the shares of Askari Bank Limited.