Faysal Bank to implement new technology

KARACHI: Faysal Bank recently signed an agreement with Pronet (Pvt) Ltd for the implementation of Avaya’s Next-Generation Contact Centre Solution.

The bank will be the first in Pakistan to implement this state-of-the-art technology on a virtualised platform based on Avaya’s ‘fully integrated’ and ‘end-to-end’ technology components.

Soneri Bank posts Rs459m profit

KARACHI: Soneri Bank posted a profit before tax of Rs459.16 million and profit after tax of Rs301.25m for the first quarter ended March 31, 2014.

The board in its 136th meeting held on Wednesday approved the bank’s first quaterly unaudited financial statements. The bank’s net revenue grew by 19pc to Rs2.03bn, from last year’s Rs1.7bn. The deposits momentum continued, registering growth of 4.83pc over 2013, to close at Rs147.37bn (December 2013: Rs140.58bn), while advances (net) were down due to the seasonal factor.

HabibMetro Bank earns Rs1.4bn

KARACHI: Habib Metropolitan Bank closed the first quarter of 2014 by posting a profit-before tax of Rs1.4 billion and registering a year-on-year profitability boost of 25 per cent. The bank’s eps rose by 31.4pc to Rs0.95, from Rs0.72 in the first quarter of 2013.

The bank’s net margin registered a year-on-year growth of 16.5pc over the year and rose to Rs2.52 billion, while its interest-margin-to-total-income ratio jumped to 30.4pc from 28.4pc a year earlier.

HabibMetro’s total assets augmented by 27.39pc year-on-year and amounted to Rs396.75bn on March 31, 2014. The deposit base exhibited a significant year-on-year increase of 31.64pc to stand at Rs27bn.

MtGox to start liquidation process

TOKYO: Failed Bitcoin exchange MtGox, whose spectacular collapse hammered the digital currency’s reputation, is to be liquidated after a Japanese court on Thursday ordered the start of bankruptcy proceedings, said a lawyer appointed to carry out the process.—AFP

12th e-banking conference held

KARACHI: The 12th International e-Banking Conference and Exhibition on Thursday attracted top decision-makers and key influencers of the industry as well as major players. The event allowed technology vendors to interact with the delegates and display their products and services to their primary target audience.