Equity Analysis /
Pakistan

Allied Bank: ALLIED BANK (ABL): Q2 18 earnings beat on higher capital gains, Buy

    Rohit Kumar
    Rohit Kumar

    Global Financials/Thematics

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    Tellimer Research
    10 August 2018
    Published byTellimer Research
    Headline profit beats expectations, but dividend is in line. The bank is more exposed to rising interest rates compared to peers, with higher current deposits, lower Pakistan Investment Bonds and higher domestic concentration. The bank also has a strong capital adequacy ratio, which should support high dividend payouts.