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PAKISTAN'S COMMERCIAL BANKS SEE PROFITS FIRM 15 PCT JAN-SEPT.
KARACHI, Nov 1 Asia Pulse - The financial results of Pakistan's listed commercial banks for January-September 2007, excluding the National Bank, showed a 15 per cent growth in overall profit.
The State Bank in its annual report said the banking sector played a key role in the services sector, which reached over 53 per cent of Gross Domestic Product (GDP).
The combined profit of 22 listed commercial banks reached to Rs 52.9 billion (US$871 million) during the period under review as compared to Rs 45.98 billion over the corresponding period of 2006, showing a double digit growth of 15 per cent.
The banking sector's profit growth was recorded at 42 per cent to Rs 49.7 billion in the first half of 2007.
During the first nine months of 2007, the cumulative net interest income of the listed banks was recorded at Rs 108 billion, showing a growth of 12 per cent. The relatively lower ...
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...Rs. 3.31, Askari at Rs. 3.23 and Soneri Sat Rs. 3.17 during the year...review. Pretax Profit of Commercial Banks Name of Bank 1994 1993...The deposits of local commercial banks on KSE stood at Rs. 123,375.45 million...
