KARACHI, April 28: The Board of Directors of Allied Bank Ltd (ABL) on Friday approved the un-audited accounts for the quarter ended March 31, 2006.
Allied Bank’s operating profit increased by 111 per cent to Rs1.840 billion for the quarter under review. Profit after tax increased by 150 per cent to Rs1.069 billion from Rs429 million last year.
The balance sheet size grew by 32 per cent while deposits increased by 26 per cent and the advances registered an increase of 63 per cent as compared to the same period of last year.
