KARACHI (PR): Bank Alfalah posted impressive financial results for the year ended December 31, 2015, with the bank registering profit before taxation of Rs12.604 billion – a solid growth of 48 percent as against last year. The Bank’s profit after tax was recorded at Rs. 7.523 billion in December 2015 as compared to Rs 5.641 billion in December 2014. Earnings per share improved to Rs 4.73 at the end of the year 2015 from Rs 4.09 reported in December 2014.

“Bank Alfalah’s performance in 2015 reflects another year of sound financial results. The Board of Directors appreciates the Bank’s consistent performance, and has expressed its resolve to extend support to the management as we seek to further strengthen our capital base, and continue to invest in our people and franchise. We remain committed to deliver long-term value to our shareholders, as we execute our strategy with a focus to serve our customers and enable them to succeed in life and business,” said Atif Bajwa, President & CEO, Bank Alfalah.

The Board has recommended a cash dividend of 10 percent for the year, subject to approval of the shareholders at the Bank’s upcoming annual general meeting.