KARACHI (PR): Habib Metropolitan Bank registered a profit-before tax of Rs 2.69 billion for the half year ended 30th June, 2013. The 7th largest bank of Pakistan in terms of shareholder equity demonstrated a quarter-on-quarter increase of Rs. 458 million in profitability.

A half yearly growth of 14 percent in the Bank’s total assets, which stood at Rs. 341.77 billion on June 30, 2013, and an increase in the Bank’s deposit base, complemented this augmented profitability. Meanwhile, CASA deposits exhibited a significant growth of 12 percent against the year-end level, as the CASA mix of the Bank amounted to an increased60 percent.

Amidst a challenging interest regime, the Bank exhibited a thriving performance; net markup income of HabibMetro Bank increased by 7 percent over the first quarter of 2013 and stood at Rs. 4 billion for the half year, while non-markup income registered a quarter-on-quarter increase of 6.45 percent to stand at Rs. 2.95 billion.

President & CEO, Sirajuddin Aziz, remarked, ‘The Bank has once again outperformed in the face of constraining parameters. We attribute this financial accomplishment to our customers’ trust in us and our business ethics – to which weremain committed.