Profit After Tax (PAT) stood at Rs.3.0 billion resulting 15% growth.

The Group reported Rs.4.3 billion PBT resulting in a 10% growth over the corresponding period of the previous year and the Bank dominates the results of the Group accounting for 96% of earnings and 97% of the Group’s assets.

PBT has mainly accelerated due to increased net interest income and fee income. The Bank has been able to achieve lower interest expenses through improved CASA mix (Current Account and Savings Account to total deposits) resulting in a 34% increase in net interest income over 1Q 2014.Net fee and commission income have also increased by 25% to Rs. 2.1 billion contributing 14% to total operating income.

Impairment charge on loans and advances has increased by 17% to Rs.3.9 billion mainly due to increase in individual impairment compared to that of the corresponding period of 2014. However, collective impairment provision showed a marginal increase of 6% reflecting quality of the portfolio and prudential methods adopted in credit management.

Preserving its position as the first domestic bank to achieve a trillion assets Balance Sheet the Bank’s assets grew by 5% to Rs.1.4 trillion as of end March 2015.The Bank’s domestic liquid asset ratio was 26.6% as at the end of 1Q 2015 while the off-shore liquid asset ratio was 31.7%. Both ratios stand well above the Central Bank’s required benchmark of 20%.