Corporate corner: NBP’s profit increases by 25%

KARACHI: The National Bank of Pakistan Board of Directors (BoD) Meeting was held on August 26, 2016 at the Karachi Head Office in which the board approved the financial statements of the bank for the half year ended June 30. Bank’s after-tax profit increased by 25.3% to Rs9.5 billion compared to Rs7.5 billion for the corresponding period of 2015, translating into earnings per share of Rs4.44 against Rs3.54 for the corresponding half year 2015. Keeping its momentum for growth, the bank recorded a pre-tax profit of Rs16.5 billion, 9.2% higher against Rs15.13 billion for half year 2015. Pre-tax and after-tax return on equity were 29.1% and 16.6% respectively; whereas the pre-tax and after tax return on assets remained 1.9% and 1.1% respectively.

Published in The Express Tribune, August 27^th, 2016.

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