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Domestically, HBL grew its CASA deposits by Rs 30 billion during the quarter and the CASA ratio improved to 87.1%.
Average domestic current accounts increased by 16% compared to Q1 2016, enabling the Bank to further reduce its cost of deposits.
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HBL’s balance sheet has grown by 2% over December 2016 to reach Rs 2.6 trillion.
Despite a decline in the market, the Bank’s deposits continued to grow, with market share rising to 14.2% and total deposits crossing Rs 1.9 trillion.
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With excellent performance from treasury related activities, non-markup income increased by 26% to Rs 8.3 billion.
Fees and Commissions for the quarter grew by 9% to Rs 4.8 billion with continued strong performances by the Bancassurance, asset management and consumer finance businesses.
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