Bank Alfalah profitability to grow (+9.5% YoY)

Bank Alfalah profitability to grow (+9.5% YoY)

Bank Alfalah Ltd. (BAFL) is scheduled to hold its 1QCY11 result meeting on April 23, 2011. We expect the bank to post PAT of Rs642 mn (EPS: 0.48) versus PAT of Rs586 mn (EPS: 0.43) in corresponding period last year, growth of (9.48% YoY).