NBP 9MCY26 profit declines 26%

MG News | October 28, 2026 at 02:12 PM GMT+05:00

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October 28, 2026 (MLN): National Bank of Pakistan (PSX: NBP) reported a 26% decline in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), falling to Rs49.12bn compared to Rs66.33bn in the corresponding period last year.

Reflecting the reduced bottom line, basic and diluted earnings per share (EPS) for the nine-month period contracted 26% to Rs22.83 from Rs30.88 in 9MCY25.

For the third quarter (Q3CY26) alone, net profit dropped 30% to Rs16.28bn (EPS of Rs7.57) compared to Rs23.26bn (EPS of Rs10.83) in Q3CY25.

The contraction in performance was primarily driven by an 18% decline in net mark-up/interest income, which settled at Rs156.12bn compared to Rs191.34bn in 9MCY25.

Mark-up/interest earned fell 6% to Rs562.65bn from Rs601.29bn, while mark-up/interest expensed stood at Rs406.53bn (down 1% from Rs409.94bn).

Total non-mark-up/interest income also contracted 9% to Rs41.97bn from Rs46.07bn, impacted by lower gains on securities of Rs9.85bn (down 23%) and lower fee and commission income of Rs22.91bn (down 8%), despite an expansion in foreign exchange income to Rs6.16bn and dividend income to Rs4.47bn.

Consequently, total income for the nine-month period retreated 17% to Rs198.09bn from Rs237.41bn.

On the operational side, non-mark-up expenses rose 9% to Rs100.38bn compared to Rs92.12bn in 9MCY25.

Operating expenses grew 8% to Rs99.58bn (up from Rs92.07bn), while other charges expanded significantly to Rs804.04m from Rs56.52m. This pushed profit before credit loss allowance and provisions down 33% to Rs97.71bn against Rs145.29bn in the comparative period.

The bottom line received partial relief from credit provisions, recording a net reversal of provisions/credit loss allowance of Rs6.03bn, compared to a net charge of Rs2.09bn booked in 9MCY25.

Profit before taxation dropped 28% to Rs103.74bn from Rs143.20bn. With total income tax expense declining 29% to Rs54.62bn (down from Rs76.87bn), National Bank of Pakistan concluded the nine-month period with a consolidated net profit of Rs49.12bn.

STATEMENT OF PROFIT OR LOSS FOR NINE MONTHS ENDED SEPTEMBER 30, 2026 (Rs.000)
Description	2026	2025	change %
Mark-up / return / interest earned	562,652,227	601,288,873	-6.4%
Mark-up / return / interest expensed	(406,532,021)	(409,944,064)	-0.8%
Net mark-up / return / interest income	156,120,206	191,344,809	-18.4%
Fee and commission income	22,913,814	24,803,230	-7.6%
Dividend income	4,471,568	3,337,566	34.0%
Foreign exchange income	6,162,483	4,974,089	23.9%
Gain on securities - net	9,852,210	12,855,166	-23.4%
Net loss on derecognition of financial assets measured at amortised cost	(1,559,477)	(983,087)	58.6%
Share of profit / (loss) from associates - net of tax	(126,397)	381,087	-133.2%
Other income	253,933	698,093	-63.6%
Total non-mark-up / interest income	41,968,134	46,066,144	-8.9%
Total income	198,088,340	237,410,953	-16.6%
Operating expenses	(99,576,499)	(92,066,517)	8.2%
Other charges	(804,037)	(56,523)	1322.5%
Total non-mark-up / interest expenses	(100,380,536)	(92,123,040)	9.0%
Profit before credit loss allowance / provisions	97,707,804	145,287,913	-32.7%
(Credit loss allowance / provisions) / Reversals - net	6,030,853	(2,087,588)
Profit before taxation	103,738,657	143,200,325	-27.6%
Taxation	(54,620,278)	(76,865,421)	-28.9%
Profit after taxation	49,118,379	66,334,904	-26.0%
Basic and diluted earnings per share (Rupees)	22.83	30.88	-26.1%

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