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

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 30th 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.

Posted on: 2018-02-20T14:48:00+05:00