Bank Al Habib declares 20pc bonus, 20pc cash dividend

KARACHI (PR) - The shareholders of Bank Al Habib have approved the annual accounts for the year ended December 31, 2009, in an annual general meeting held at its registered office in Multan on Thursday. The Board of Directors of the bank announced payment of 20pc cash dividend and the issue of 20pc bonus shares for the shareholders. Deposits of the bank as on December 31, 2009, were Rs189.280b and profit before tax was Rs4.512b. The bank has a network of 258 branches which include six Islamic banking branches and overseas branch in the kingdom of Bahrain. Al Habib provides full range of banking services to its customers, including Online Banking, Tele-banking, ATM/ Debit Cards, Consumer Banking, etc. The Banks saving and deposit products include young Saver Account, Monthly Saver Accounts, Senior Citizen Accounts, Mahana Munafa Accounts, and Salana Munafa Accounts, Which cater to the needs of savers in all segments and all age-groups.

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