IGI Securities Limited – Flash Note-1

Karachi, April 19, 2017 (PPI-OT): Commercial Banks–AKBL: Quarterly decline in operating expense along with continued reversals, help elevate quarterly earnings

AskariBankLimited(AKBL)reportedunconsolidatedearningsforthe1QCY17ofPKR1.23bn(orPKR0.98/share)upby +19%QoQ (or +1%YoY).

Duringthequarter,bankinterestincomedeclinedby4%QoQalongwithlowerrealizationofcapitalgains(PKR517mnin 1QCY17), that led to overall decline in banks total revenue …

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