BR Research

Faysal Bank: hit the ground running

Published March 1, 2012 Updated March 1, 2012 12:00am

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Faysal Bank Ltd
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(Rs mn)                                 CY11      CY10   chg
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Mark-up Earned                       28,825    19,710    46%
Mark-up Expensed                    (19,619)  (13,919)   41%
Net Markup Income                     9,206     5,791    59%
Provisioning                           (695)   (2,202)  -68%
Net Mark-up income after provisions   8,511     3,589   137%
Other  income                         4,070     4,012     1%
Operating revenues                   13,277     9,804    35%
Other  expenses                     (11,103)   (6,775)   64%
Profit before taxation                1,478       827    79%
Profit after taxation                 1,280     1,190     8%
EPS (Rs)                               1.55      1.45
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Source: Company Accounts