Federal Bank Ltd has announced the Unaudited results for the quarter ended December 31, 2008:The results for the Quarter ended December 31, 2008The Bank has posted a net profit of Rs 2038.90 million for the quarter ended December 31, 2008 as compared to Rs 1029.20 million for the quarter ended December 31, 2007. Total Income has increased from Rs 7336.10 million for the quarter ended December 31, 2007 to Rs 10412.30 million for the quarter ended December 31, 2008.
The merger Scheme of the Bank with Cathelic Syrian Bank is in final stage. Sources now expect that the merger to be a reality shortly
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