External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Banks / Thematic (Sector/Industry)

<ul><li>Pakistan's listed banks profitability clocked in at Rs158bn, down by 1% YoY while up 16% QoQ in 3Q2024.</li><li>Despite the decline in interest rates, the sector's NII clocked in at Rs507bn, up 6% YoY and 13% QoQ in 3Q2024, led by volumetric growth and favourable repricing impact. Interest income was up by 17% YoY and 2% QoQ to Rs1.9trn, whereas interest expense was up by 21% YoY and down by 2% QoQ to Rs1.4trn.</li><li>Non-interest income of the sector was up by 55% YoY and 2% QoQ to Rs129bn in 3Q2024 primarily due to gain on securities, higher FX and fee income. On other hand, non interest expense up 21% YoY and 5% QoQ to Rs273bn in 3Q2024 due to higher admin expense which is in line with inflation trend.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Pakistan's listed banks profitability clocked in at Rs158bn, down by 1% YoY while up 16% QoQ in 3Q2024.Despite the decline in interest rates, the sector's NII clocked in at Rs507bn, up 6% YoY and 13% QoQ in 3Q2024, led by volumetric growth and favourable repricing impact. Interest income was up by 17% YoY and 2% QoQ to Rs1.9trn, whereas interest expense was up by 21% YoY and down by 2% QoQ to Rs1.4trn.Non-interest income of the sector was up by 55% YoY and 2% QoQ to Rs129bn in 3Q2024 primarily due to gain on securities, higher FX and fee income. On other hand, non interest expense up 21% YoY and 5% QoQ to Rs273bn in 3Q2024 due to higher admin expense which is in line with inflation trend.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Banks: Listed Banks Profitability up 16% QoQ and Down 1% YoY in 3Q2024