Pakistan Banks: Earnings to Fall 10% YoY and 24% QoQ in 4Q2024; Market Weight Stance Maintained
Topline Banking Universe is likely to post an earnings decline of 10% YoY and 24% QoQ in 4Q2024, amid a higher effective tax rate. To recall, the...
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Pakistan Banks: Government efforts to collect more tax from banks on income from Govt. Securities
In a recent development, Prime Minister Shahbaz Sharif constituted a committee to resolve the issue of the Advances to Deposit Ratio. The...
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Pakistan Banks: Earnings Revised; MEBL and HBL Preferred Picks Maintained
We have revisited our banking universe earnings following recent developments including (1) changes in the Minimum Deposit Rate (MDR) for both...
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Pakistan Banks: SBP Imposed MDR on Islamic Banks for Individuals
State Bank of Pakistan (SBP) has removed the Minimum Deposit Rate (MDR) requirement for all conventional banks on deposits from...
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Pakistan Banks: Listed Banks Profitability up 16% QoQ and Down 1% YoY in 3Q2024
Pakistan's listed banks profitability clocked in at Rs158bn, down by 1% YoY while up 16% QoQ in 3Q2024. Despite the decline in interest rates,...
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