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Pakistan in the Year 2009

Decent Essays
2009
According to the Report, 2009 was a difficult year. Pakistan had to face the adverse economic , energy crisis and high inflation as a result of which the resulting GDP was 2.5 %. In this situation HBL maintained its market position as the largest retail bank in Pakistan in terms of branches and deposits. In 2009 HBLS loans were mainly directed towards the financing of raw material needs of the government. HBL Group closed 2009 with a profit before tax of Rs . 21.4 billion , which is 26.3 % higher than its closing Rs.16.9 2008000000000 . This was achieved by controlling the cost of funds and the effective management of operating costs. The net asset value of the Group increased by 27.2 % to Rs.84 billion. In 2008 it was at Rs . 66 billion . Total deposits increased by 14.3 % to Rs . 683000000000 2008 . Rs 597 billion , and HBL has grown its market share of 13.35 % in 2008 to 13.44% in 2009 HBL was also awarded Best Bank , Best Trade Finance Provider and Best Provider of changes in Pakistan by Global Finance for 2009 , as well as the best bank in Pakistan by the Banker
2010
According administration report 2010, the profit after tax of Habib Bank increased Rs.3.602 billion for the quarter ended March 31, 2010 compared to Rs 3,481 won for the corresponding quarter in 2009.Banks mark / return / interest income increased by Rs 19156000000 against Rs 18.237 billion while revenues not increase the interest in Rs.2.653 billion against Rs 1.949 billion. Banks majorent expenses
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