The net profit of FBL, in which Ithmaar now has 65.7 per cent equity interest since 29 November 2007, rose to $57.9 million, while its contribution to Ithmaar Bank’s profits stood at $31.6 million, an increase of $21.6 million as compared to last year. Total assets increased to $2.3 billion, up from $1.9 billion as at the end of 2006.

FBL expanded its network, adding 30 new branches and 31 new ATMs during the year. FBL now has 105 branches and 81 ATMs across Pakistan. The Bank continued to do well in 2007, beating market growth in both deposits and advances.