Bank Alfalah to post EPS of Rs7.9/share for CY19

Bank Alfalah (BAFL) has scheduled its Board of Directors meeting for 13th February 2020 to approve CY19 financial results. The Bank is forecast to post earnings of Rs7.9/share as against Rs6.1/share for the corresponding period last year. Together with the result, the BAFL is also expected to announce a dividend of Rs.002/share as against a payout of Rs4.00 for CY19. Four quarter 2019 profit after tax is likely to rise to Rs4.3 billion, to be driven by NII growth of 10.0%QoQ and potential impairment reversal. NIMs are likely to improve to 5.9% for 4QCY19 as compared to 5.6% in the earlier quarter as re-pricing kicks in. NFI is expected to post 64.5% growth on a sequential basis with pull up coming from seasonal factor pushing up fee income growth, up 52.0%QoQ and capital gains. The 20%QoQ increase in total income should be able to absorb expected surge in administrative costs on the back of branch expansion and digitization costs.

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