Slowdown in Askari Bank’s core earnings
IN a first sign that the continued monetary easing seems to be having some impact on the banking sector’s earnings, Askari Bank Ltd reported a drop in its interest income for the third quarter of the year...
Most banks, particularly the larger ones, are said to have locked in higher yields on their Pakistan Investment Bond (PIB) holdings by stacking up bonds of higher maturities, thus shielding their interest incomes from the...