Earnings Report /

Pakistan Banks – 3QCY21f Result Previews

  • IMS Banks Universe is expected to report sequentially flat results (-2%yoy) for 3QCY21

  • Strong balance sheet growth may be offset by higher provisions and lower capital gains

  • Banks outperformed the index in September. Valuations are very attractive (CY22 P/B: 0.8x). A rally lies in the offing

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
12 October 2021