KARACHI: Faysal Bank Ltd reported a net profit of Rs5.2 billion for the first quarter ended March 31.Profit before tax stood at Rs10.8 billion, with earnings per share of Rs3.4. The bank declared an interim cash dividend of Rs1.5 per share.
Total assets rose to Rs1.7 trillion, while current account deposits increased 15 per cent since December to Rs614 billion, improving the current account mix to 46.2 per cent and the CASA ratio to 85.5 per cent. The advances-to-deposit ratio eased to 58.4 per cent, while asset quality remained stable, with an infection ratio of 2.4 per cent.
The lender said its performance was supported by a focus on low-cost deposits, trade-driven flows and expansion of its branch network, alongside continued investment in digital and customer-focused services.
