National Bank of Pakistan profits rise 1.121% to Rs. 23.345 billion

MG News | February 20, 2018 at 02:48 PM GMT+05:00

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National Bank Ltd. during the year ending December, 2017 reported profits worth Rupees 23.345 billion after the company net markup income grew by more than 7 percent.

National Bank of Pakistan profit grew by 1.12% during the year 2017 as company profits clocked in at Rs. 23.345 billion against Rupees 23.087 billion in 2016. In tandem with the entire market trend, the Bank profits from investments in securities dropped by more than 23% to Rs. 6.5 billion.

However, the company’s earnings per share grew by 0.65% with earnings per share clocked in at Rupees 10.9 per share.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Year Ended, December 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net mark-up/return/interest earned	123,415,023	115,028,828	7.29%
Net mark-up/return/interest earned after provisions	55,936,582	56,402,674	-0.83%
Fee, commission and brokerage income	18,403,001	15,908,884	15.68%
Dividend Income	3,531,391	2,797,675	26.23%
Income from Foreign Currencies	2,417,473	2,314,852	4.43%
Capital gain on sale of securities - net	6,507,225	8,525,471	-23.67%
Other income	1,756,537	1,566,568	12.13%
Total non-mark-up/interest income	32,115,231	31,032,139	3.49%
Administrative Expenses	49,735,202	48,432,410	2.69%
Other provisions - net	1,867,034	1,098,216	70.01%
Other charges/reversals	306,057	309,450	-1.10%
Total non-mark-up/interest expenses	51,908,293	49,840,076	4.15%
Profit before Taxation	36,143,520	37,594,737	-3.86%
Taxation	12,797,658	14,507,477	-11.79%
Profit after Taxation	23,345,862	23,087,260	1.12%
Taxation	12,797,658	14,507,477	-11.79%
Profit after Taxation	23,345,862	23,087,260	1.12%
EPS - Basic and diluted	10.90	10.83	0.65%

Company release on Earnings Report can be accessed here.

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