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19-591: Metropolitan Bank may refer to: Habib Metropolitan Bank , Pakistan Metropolitan Bank and Trust Company , Philippines Metropolitan Bank (Chicago) , a bank in Chicago Metropolitan Bank of Zimbabwe , a commercial bank in Zimbabwe Metropolitan Bank (of England and Wales) , a bank in England and Wales from 1893 to 1914 Topics referred to by

38-423: A dividend or held by the firm as an addition to retained earnings . As profit and earnings are used synonymously for income (also depending on UK and US usage), net earnings and net profit are commonly found as synonyms for net income. Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is informally called the bottom line because it

57-459: A net income calculation: Net Income = Gross Profit − Operating Expenses − Other Business Expenses − Taxes − Interest on Debt + Other Income {\displaystyle {\text{Net Income}}={\text{Gross Profit}}-{\text{Operating Expenses}}-{\text{Other Business Expenses}}-{\text{Taxes}}-{\text{Interest on Debt}}+{\text{Other Income}}} Net profit

76-424: A percentage. Net profit: To calculate net profit for a venture (such as a company, division, or project), subtract all costs, including a fair share of total corporate overheads, from the gross revenues or turnover. Net Profit = Sales Revenue − Total Costs {\displaystyle {\text{Net Profit}}={\text{Sales Revenue}}-{\text{Total Costs}}} A detailed example of

95-470: A strategic expansion, focusing on small industrial and agricultural clusters, particularly in Punjab. During Aziz's tenure, the bank's branch network grew by 77 percent, from 163 to 289 branches, with nearly three-quarters of the new branches being established outside Karachi and major cities. By June 2018, the bank had a presence in over 100 cities, compared to 21 cities prior to his tenure. Aziz also rebranded

114-405: Is a stub . You can help Misplaced Pages by expanding it . Net income In business and accounting , net income (also total comprehensive income , net earnings , net profit , bottom line , sales profit , or credit sales ) is an entity's income minus cost of goods sold , expenses, depreciation and amortization , interest , and taxes for an accounting period . It is computed as

133-401: Is a measure of the fundamental profitability of the venture. "It is the revenues of the activity less the costs of the activity. The main complication is . . . when needs to be allocated" across ventures. "Almost by definition, overheads are costs that cannot be directly tied to any specific" project, product, or division. "The classic example would be the cost of headquarters staff." "Although it

152-571: Is different from Wikidata All article disambiguation pages All disambiguation pages Habib Metropolitan Bank Habib Metropolitan Bank was established in 1992 as a subsidiary of Habib Bank AG Zurich , following the government's decision in 1991 to allow private banks in Pakistan. The bank is named after Habib Esmail, the founder of Habib Bank Limited , and is owned by the descendants of Habib's third son, Mohammedali Habib. The other branch of Habib family founded Bank AL Habib , which

171-539: Is owned by the descendants of Habib's elder son, Dawood Habib. The bank was listed on the Karachi Stock Exchange in the same year. Kassim Parekh , who had served as the president of Habib Bank from 1984 to 1988, was appointed as chairman and CEO of Metropolitan Bank in 1992. During his tenure, the bank's growth was limited to Karachi and trade finance . In 2006, Habib Bank AG Zurich 's Pakistan operations were merged into Metropolitan Bank Limited and

190-519: Is theoretically possible to calculate profits for any sub-(venture), such as a product or region, often the calculations are rendered suspect by the need to allocate overhead costs." Because overhead costs generally do not come in neat packages, their allocation across ventures is not an exact science. Net profit on a P & L (profit and loss) account: Another equation to calculate net income: Net sales (revenue) - Cost of goods sold = Gross profit - SG&A expenses (combined costs of operating

209-431: Is typically found on the last line of a company's income statement (a related term is top line , meaning revenue , which forms the first line of the account statement). In simplistic terms, net profit is the money left over after paying all the expenses of an endeavor. In practice this can get very complex in large organizations. The bookkeeper or accountant must itemise and allocate revenues and expenses properly to

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228-477: The cost of goods sold , sales discounts, and sales returns and allowances. For a product company, advertising , manufacturing , & design and development costs are included. Net income can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes. The net profit margin percentage is a related ratio. This figure is calculated by dividing net profit by revenue or turnover, and it represents profitability, as

247-649: The CEO of the bank. Habib Metropolitan Bank established its Islamic banking division in 2004, but it had a limited presence. In 2014, the division was branded as Sirat, following the trend of using Arabic terms for Shariah-compliant services. HABIBMETRO was named in FinCEN leak, published by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). It had two suspicious transactions flagged. This bank and insurance -related article

266-536: The bank as HabibMetro in an effort to enhance its appeal across Pakistan. During his tenure, the bank deposits grew by 17.3 percent annually, compared to the industry average of 13.1 percent. The bank's net income also grew by 11.4 percent per year, which was higher than the industry average of 5.2 percent. In 2015, HabibMetro received Asian Development Bank (ADB) award. In 2018, Mohsin Nathani succeeded Sirajuddin Aziz as

285-415: The bank was subsequently renamed as Habib Metropolitan Bank Limited. In April 2008, Kassim Parekh left HabibMetro and was succeeded by Anjum Iqbal, a former Citibank executive. During Anjum Iqbal's tenure, the bank's deposits grew at an annual rate of 9.5 percent, which was lower than the average inflation rate of 15.4 percent and the banking industry's growth rate of 13.7 percent. Iqbal's notable impact

304-510: The residual of all revenues and gains less all expenses and losses for the period, and has also been defined as the net increase in shareholders' equity that results from a company's operations. It is different from gross income , which only deducts the cost of goods sold from revenue. For households and individuals, net income refers to the (gross) income minus taxes and other deductions (e.g. mandatory pension contributions). Net income can be distributed among holders of common stock as

323-430: The same term [REDACTED] This disambiguation page lists articles associated with the title Metropolitan Bank . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Metropolitan_Bank&oldid=795304474 " Category : Disambiguation pages Hidden categories: Short description

342-409: The specific working scope and context in which the term is applied. Net income is usually calculated per annum, for each fiscal year . The items deducted will typically include tax expense , financing expense ( interest expense ), and minority interest. Likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be

361-568: Was shifting the bank's lending focus from the private sector to the government. After his departure in December 2011, Iqbal was appointed CEO of Habib Bank AG Zurich 's operations in Britain. In December 2011, Sirajuddin Aziz, former CEO of Bank Alfalah , was appointed as the new CEO of Habib Metropolitan Bank. Aziz aimed to leverage the bank's reputation in trade finance for Karachi's exporters by extending lending to their supply chain . He initiated

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