NBP enjoys a 84% growth in yearly earnings

Dec-20

Dec-19

% Change

Mark-up/return/interest earned

258,031,378

239,710,290

7.64%

Mark-up/return/interest expensed

153,651,948

167,556,408

-8.30%

Net mark-up/interest income

104,379,430

72,153,882

44.66%

NON MARK-UP/INTEREST INCOME

Fee and commission income

19,480,452

20,416,642

-4.59%

Dividend income

1,835,129

3,099,277

-40.79%

Foreign Exchange income

4,342,201

6,320,455

-31.30%

Gain on securities - net

7,912,766

2,165,524

265.40%

Share of (loss)/profit from joint venture - net of tax

(219,389)

(96,336)

Share of(loss)/profit from associates - net of tax

42,813

37,331

14.68%

Other income

3,965,483

5,816,974

-31.83%

Total non mark-up/interest income

37,359,455

37,759,867

-1.06%

Total Income

141,738,885

109,913,749

28.95%

NON MARK-UP/INTEREST EXPENSES

Operating expenses

64,126,064

67,228,062

-4.61%

Workers welfare fund

-

-

Other charges

316,439

150,585

110.14%

Total non mark-up/interest expenses

64,442,503

67,378,647

-4.36%

Profit before provisions

77,296,382

42,535,102

81.72%

Provisions and write offs - net

30,911,976

13,557,101

128.01%

Profit before taxation

46,384,406

28,978,001

60.07%

Taxation

15,798,487

12,330,809

28.12%

Profit after taxation

30,585,919

16,647,192

83.73%

Basic and diluted earnings per share

14.33

7.79

83.95%