Earning Review: Bank of Khyber suffers at the hands of fall in NII

Profit and loss account for the half year ended June 30, 2019 (Rupees'000)

June, 2019

June, 2018

% Change

Mark-up/return/interest earned

10,272,226

7,134,096

43.99%

Mark-up/return/interest expensed

7,810,267

4,343,165

79.83%

Net mark-up/ interest income

2,461,959

2,790,931

-11.79%

NON MARK-UP/INTEREST INCOME

Fee and commission income

195,388

225,024

-13.17%

Dividend income

5,435

26,542

-79.52%

Foreign exchange income

89,197

54,629

63.28%

(Loss) / gain on securities - net

2,192

11,232

-80.48%

Other income

59,760

53,192

12.35%

Total non-markup / interest income

351,972

370,619

-5.03%

Total income

2,813,931

3,161,550

-11.00%

NON MARK-UP/INTEREST EXPENSE

Operating expenses

2,027,492

1,965,370

3.16%

Other charges

2,287

130

1659.23%

Total non-markup/interest expenses

2,029,779

1,965,500

3.27%

PROFIT BEFORE PROVISIONS

784,152

1,196,050

-34.44%

Provisions and write offs - net

145,645

-71,158

PROFIT BEFORE TAXATION

638,507

1,267,208

-49.61%

Taxation

140,343

490,856

-71.41%

PROFIT AFTER TAXATION

498,164

776,352

-35.83%

Basic and diluted earnings per share

0.50

0.78

-35.90%