Karachi February 23 2022: Faysal Bank Limited announced its annual result for the period ended December 31 2021 in which the bank has declared cash dividend of PKR 1 per share, as per bank filling to the exchange.
This in addition to dividend of PKR 0.5 already announced by the bank earlier this year
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Bank post profit of PKR 8.2 billion in 2021 compared to profit of PKR 6.5 billion in the previous year. Faysal bank earned net interest income of PKR 53.9 billion in 2021 compared to PKR 55.9 billion in 2020. On the other side, interest expense of the bank decreased to PKR 28.0 billion in comparison to PKR 31.4 billion in 2020.
Bank earned PKR 5.1 billion in fee income compared to PKR 3.9 billion in 2020. Foreign exchange income of increased to PKR 2.3 billion compared to PKR 2.1 billion in 2020.
However, gain on securities reduced to PKR 310 million compared to gain of PKR 1.7 billion in 2020. Bank booked provisioning of just PKR 47 million compared to provisioning expense of PKR 2.3 billion in 2020.