Skip to content 
Bank Alfalah Limited (BAFL) announced strong financial results for the first half of 2024, with a profit after tax of PKR 20.609 billion and earnings per share of PKR 13.07. The bank’s Board of Directors approved these results on August 1, 2024, and declared an interim cash dividend of PKR 2.00 per share for the quarter ended June 30, 2024.
Read also: FFC Posts Record Rs. 25 Billion Quarterly Profit, Doubles Year-on-Year Earnings
Despite challenging market conditions, Bank Alfalah maintained a robust credit portfolio, reporting advances of Rs. 820.004 billion. The bank’s non-performing loan coverage ratio remained strong at 118.5%, including general provisions.
The bank’s deposit base grew significantly, reaching Rs. 2.102 trillion as of June 30, 2024, marking an 18.3% year-on-year increase. Current Account (CA) and Current Account Savings Account (CASA) ratios stood at 41.4% and 68.9%, respectively, indicating a strong liquidity position.
Bank Alfalah’s capital adequacy ratio (CAR) stood at 17.13% as of June 30, 2024, comfortably exceeding regulatory requirements and demonstrating the bank’s financial stability.
The bank continues to strengthen its digital banking capabilities, introducing innovative products and channels. Its digital lifestyle branch and unique sales and service center model have contributed to increased transaction volumes.
As part of its corporate social responsibility efforts, Bank Alfalah maintains a strong commitment to community development through charitable donations and outreach programs focused on health, education, and economic empowerment for underprivileged groups.
Looking ahead, Bank Alfalah aims to expand its presence and deepen its impact on financial empowerment within the communities it serves.
