Faysal Bank Limited (FBL) has announced impressive financial results for the first half of 2024, with a 76.3 percent increase in Profit After Tax (PAT) compared to the same period last year. The bank’s total assets, deposits, and net financing have also grown significantly.
Mian Muhammad Younis, Chairman of Faysal Bank, attributed the strong performance to the bank’s solid foundations, unwavering commitment, and customer-centric approach. Yousaf Hussain, President & CEO, emphasized the bank’s sound financial fundamentals, prudent risk management, and robust Shariah-compliant offerings.
Faysal Bank’s strong financial performance and healthy capital adequacy ratio demonstrate its ability to maintain a leading position in the Islamic banking sector in Pakistan.