NBP’s profit rises 16.5% to Rs4.9b

Earnings per share of Rs2.30 (March 2017: Rs1.98), represented an increase of 16.2%

KARACHI: A meeting of the board of directors of National Bank of Pakistan was held on April 27, 2018 at the bank’s head office in Karachi in which they approved financial statements for the three-month period ended March 31, 2018. Operating income of the bank remained flat year-on-year with 1.7% increase and amounted to Rs20.02 billion compared to Rs19.69 billion in the same period of last year. Net interest/mark-up income amounted to Rs14.12 billion with 14.9% growth as compared to Rs12.29 billion in the corresponding period of last year. Non-interest/mark-up income declined by 20.3% year-on-year from Rs7.40 billion to Rs5.89 billion mainly due to a decline in capital gains and exchange income. After-tax profit during the first quarter of 2018 was Rs4.89 billion, 16.5% higher compared to Rs4.20 billion in the corresponding period of last year. This translated into earnings per share of Rs2.30 (March 2017: Rs1.98), representing an increase of 16.2%.  

Published in The Express Tribune, April 29^th, 2018.

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