National Bank’s profits inch lower by 3% YoY during 1QCY20

Mar-20

Mar-19

% Change

Mark-up/return/interest earned

72,605,121

45,834,763

58.41%

Mark-up/return/interest expensed

55,966,731

30,325,144

84.56%

Net mark-up/interest income

16,638,390

15,509,619

7.28%

NON-MARK-UP/INTEREST INCOME

Fee and commission income

4,885,764

4,398,051

11.09%

Dividend income

384,061

1,017,955

-62.27%

Foreign Exchange income

805,092

1,900,284

-57.63%

Gain on securities - net

1,328,510

101,907

1203.65%

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

(8,860)

(16,015)

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

(130,599)

25,423

Other income

1,300,858

1,282,017

1.47%

Total non-mark-up/interest income

8,564,826

8,709,622

-1.66%

Total Income

25,203,216

24,219,241

4.06%

NON-MARK-UP/INTEREST EXPENSES

Operating expenses

13,888,486

13,139,177

5.70%

Workers welfare fund

-

-

Other charges

279,828

8,598

3154.57%

Total non-mark-up/interest expenses

14,168,314

13,147,775

7.76%

Profit before provisions

11,034,902

11,071,466

-0.33%

Provisions and write offs - net

3,970,582

2,213,244

79.40%

Profit before taxation

7,064,320

8,858,222

-20.25%

Taxation

2,925,773

4,580,576

-36.13%

Profit after taxation

4,138,547

4,277,646

-3.25%

Basic and diluted earnings per share

1.94

2.00

-3.00%