KARACHI – Burj Bank (Burj) has announced its half-yearly results for the period ended June 30, 2012. The Bank’s profit before tax is Rs147 million. The profit announcement reflects a turnaround of Burj Bank with continuous earning for the first two quarters of 2012. The total deposits of the bank grew by 57pc to Rs 32b in the first six months of 2012, says a press release. Addressing a gathering of corporate clients of the Bank, Khaled Al-Aboodi, Chairman Burj Bank congratulated the management team on the excellent half yearly performance and expressed the long-term commitment with Burj Bank on behalf of all the Directors.
He said that “In the face of significant challenges, we have made remarkable progress. Our Bank, despite the political and economic hardships, continued its strategy of achieving growth in prudently selected quality earning avenues.
Ahmed Khizer Khan, President & CEO of Burj Bank acknowledged the Chairman, the Board of Directors & the Bank’s Customers for their continued support & trust. He said today Burj Bank is widely recognized as the fastest growing Islamic Bank in Pakistan. With the support of our committed investors & the trust of our valued customers, our Bank has become a symbol of prosperity, progress and success in a short span of time.