August 27, 2019 (MLN): Samba Bank Limited has announced earnings of Rs. 359 million (EPS: Rs. 0.36) for the half year period ended June 30, 2019, i.e. approximately 18% less than that of same period last year.
As per the notification issued by the bank, the NII increased by 28.7% on account of increase in interest rates. On the flip side, the non-mark-up income fell by 14% owing to substantial decline in gains made on securities.
Furthermore, the total interest expenses of Samba Bank climbed by 6.5%, despite a huge decline in non-core expenses by 98%.
|
Profit and loss account for the half year ended June 30, 2019 (Rupees'000) |
|||
|---|---|---|---|
|
 |
June, 2019 |
June, 2018 |
% Change |
|
Mark-up / return / interest earned |
5,299,449 |
3,619,687 |
46.41% |
|
Mark-up / return ./ interest expensed |
3,673,083 |
2,356,544 |
55.87% |
|
Net mark-up / return / interest income |
1,626,366 |
1,263,143 |
28.76% |
|
Non mark-up / interest income |
 |
 |
 |
|
Fee and commission income |
154,326 |
131,546 |
17.32% |
|
Dividend income |
30,450 |
22,146 |
37.50% |
|
Foreign exchange income |
229,621 |
71,607 |
220.67% |
|
Income / (loss) from derivatives |
 |
 |
 |
|
Gain / (loss) on securities |
6,007 |
267,226 |
-97.75% |
|
Other income |
270 |
267 |
1.12% |
|
Total non-mark-up / interest income |
420,674 |
492,792 |
-14.63% |
|
Total income |
2,047,040 |
1,755,935 |
16.58% |
|
Non mark-up / interest expenses |
 |
 |
 |
|
Operating expenses |
1,231,943 |
1,138,775 |
8.18% |
|
Workers' Welfare Fund |
13,341 |
15,111 |
-11.71% |
|
Other charges |
288 |
15,663 |
-98.16% |
|
Total non-mark-up / interest expenses |
1,245,572 |
1,169,552 |
6.50% |
|
Profit before provisions |
801,468 |
586,383 |
36.68% |
|
Provisions and write offs – set |
-147,769 |
152,681 |
-196.78% |
|
Profit before taxation |
653,699 |
739,064 |
-11.55% |
|
Taxation |
-293,917 |
-298,663 |
-1.59% |
|
Profit after taxation |
359,782 |
440,401 |
-18.31% |
|
Earnings per share – Basic & Diluted (Rupee) |
0.36 |
0.44 |
-18.18% |
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