Askari Bank declares 1st quarter impressive results

“Askari Bank Limited has reported strong growth in all income streams. Net interest income increased by a healthy 16pc due to growth in lending ADR reaching 64pc, and an impressive 2pc decline in cost of funds. Non-interest income almost doubled compared to the corresponding quarter. The improvement in non-performing loans appear to be attributable to recovery that is also depicted by a net reversal of provisions for the quarter, adding to the bottom line profits.”