03/03/2024
"Extending its journey of continuous success, the banking sector has wrapped the financial year 2023 with remarkable resilience, as majority of the banks witnessed record-high profits and dividend payouts.
The 14 banks that account for the banking sector of the KSE-100 index cumulatively generated a net profit of Rs544.43 billion, reflecting a massive 81.95% YoY growth compared to their total earnings last year.
The robust victory this year is driven by a massive 84.81% YoY spark observed in the sector's interest earnings on account of higher interest rates..."
Extending its journey of continuous success, the banking sector has settled the financial year 2023 with remarkable resilience, as majority of...