The Board of Directors of Bank Alfalah Limited (BAFL) approved the financial results for the year ending December 31, 2024, during a meeting held on January 30, 2025. The results highlight the Bank’s financial resilience and strategic agility, enabling it to navigate challenges and maintain its strong market position.

The Bank reported a profit after tax of Rs. 38.318 billion, translating to an Earnings Per Share (EPS) of Rs. 24.30. The Board declared a final cash dividend of Rs. 2.50 per share (25 percent), bringing the total cash dividend for the year to Rs. 8.50 per share (85 percent).

Bank Alfalah’s deposits reached Rs. 2.137 trillion by the end of 2024, driven by strategic tax planning and a focus on building low-cost deposits and average balances. The Bank’s advances grew to Rs. 1.156 trillion, reflecting a robust 48.8 percent year-on-year increase, attributed to the exceptional efforts of its team.

The Bank maintained a strong Capital Adequacy Ratio (CAR) of 17.96 percent as of December 31, 2024, well above the minimum regulatory requirement, demonstrating its commitment to sound capital management.

Bank Alfalah remains committed to driving innovation in digital banking and delivering value to its stakeholders. With a focus on sustainable growth and community impact, the Bank aims to strengthen its position as a socially responsible and customer-centric institution.