Lahore  : Allied Bank Limited announced its 2013 result, posting a PAT of 14.6b (EPS: Rs14.07), up 26%YoY. The result came above EPS expectation of Rs10.38 on account of tax benefits availed from previous years of Rs4.1b. Excluding this one time benefit earnings come down to Rs10.6bn (EPS: Rs10.14). The bank also announced a final cash dividend of Rs1.5 per share (cumulative 2013 dividend of Rs5.25 per share) and a bonus issue of 10%. On a surprising note, ABL’s 2013 Net Interest Income (NII) grew by 18%YoY to Rs21.7b, on the back of higher earnings assets. Similarly, bank’s provisions and write offs also came down by 13%YoY which boosted the bottom line.