National Bank of Pakistan suffers a 17% decline in profits

Dec-19

Dec-18

% Change

Mark-up/return/interest earned

239,710,290

150,178,178

59.62%

Mark-up/return/interest expensed

167,556,408

89,286,854

87.66%

Net mark-up/interest income

72,153,882

60,891,324

18.50%

NON-MARK-UP/INTEREST INCOME

Fee and commission income

20,416,642

19,123,980

6.76%

Dividend income

3,099,277

2,503,711

23.79%

Foreign Exchange income

6,320,455

9,799,855

-35.50%

Gain on securities - net

2,165,524

3,940,977

-45.05%

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

(96,336)

(334,149)

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

37,331

(35,359)

-205.58%

Other income

5,816,974

2,675,429

117.42%

Total non-mark-up/interest income

37,759,867

37,674,444

0.23%

Total Income

109,913,749

98,565,768

11.51%

NON-MARK-UP/INTEREST EXPENSES

Operating expenses

67,228,062

57,234,494

17.46%

Workers welfare fund

-

-

Other charges

150,585

245,997

-38.79%

Total non-mark-up/interest expenses

67,378,647

57,480,491

17.22%

Profit before provisions

42,535,102

41,085,277

3.53%

Provisions and write offs - net

13,557,101

11,205,488

21%

Profit before taxation

28,978,001

29,879,789

-3.02%

Taxation

12,330,809

9,844,489

25.26%

Profit after taxation

16,647,192

20,035,300

-16.91%

Basic and diluted earnings per share

7.79

9.39

-17.04%