Reversals against advances uphold Bank of Punjab’s profit growth

Sep-18

Sep-17

% Change

Mark-up/return/interest earned

                     32,360,522

                     24,806,143

30.45%

Mark-up/return/interest expensed

                     18,256,584

                     13,721,262

33.05%

Net mark-up/return/interest income

                     14,103,938

                     11,084,881

27.24%

(Reversal of provision)/Provision against non-performing advances - net

                     (1,107,853)

                       1,943,862

Provision/(reversal of provision) for diminution in the value of investments - net

                             22,228

                             49,164

-54.79%

Bad debts written off directly

                                      -  

                                      -  

Net mark-up/return/interest income after provisions

                     15,189,563

                       9,091,855

67.07%

NON MARK-UP/INTEREST INCOME

Fee, commission and brokerage income

                       1,179,281

                           839,947

40.40%

Dividend income

                             53,576

                             59,816

-10.43%

Income/ (loss) from dealing in foreign currencies

                           193,607

                             44,246

337.57%

Gain on sale and redemption of securities - net

                             31,217

                       1,301,673

-97.60%

Unrealized gain/(loss) on revaluation of investments classified as "held-for-trading" - net

                             (4,372)

                               1,470

Other income

                       1,418,089

                       1,508,742

-6.01%

Total non-mark-up/interest income

                       2,871,398

                       3,755,894

-23.55%

NON MARK-UP/INTEREST EXPENSES

Administrative expenses

                       9,027,489

                       7,483,612

20.63%

Provision against other assets

                             62,154

                             35,875

73.25%

Other charges

                             52,238

                             42,003

24.37%

Total non-mark-up/interest expenses

                       9,141,881

                       7,561,490

20.90%

Extra ordinary/unusual items

                                      -  

                                      -  

Profit before taxation

                       8,919,080

                       5,286,259

68.72%

Taxation

                       3,411,110

                       2,120,436

60.87%

Profit after taxation

                       5,507,970

                       3,165,823

73.98%

Earnings per share - Basic and Diluted (in Rupees)

                                  2.08

                                  2.04

1.96%