Samba Bank profits plummet by 22.72% in 9MCY22
MG News | October 28, 2022 at 11:14 AM GMT+05:00
October 28, 2022 (MLN): Samba Bank Limited (SBL) announced its nine months CY22 results where the bank net profits plunged by Rs369 million (EPS: Rs0.37) compared to Rs478mn (EPS: Rs0.47) in the same period last year, showing a decline of 22.72% YoY.
Going by the income statement, the bank witnessed an increase of 83.83% YoY in its markup interest expense to clock in at Rs12.59 billion against Rs6.85bn in the same period last year (SPLY).
In addition, the bank’s total non-markup interest expense surged by 19.85% YoY to Rs2.98bn as compared to Rs2.49bn in SPLY.
During the period under review, the bank witnessed no major change in its net interest income (NII) of 0.27% YoY to stand at Rs3.18bn, compared to SPLY. The nine months’ interest earned stood at Rs15.77bn, up by 57.41% YoY.
Furthermore, the bank’s non-markup income declined by 6.37% YoY to Rs1.11bn due to a massive loss in gain on securities of Rs160 million. In addition, the fee and commission income, dividend income, and other income also declined by 16.70% YoY, 20.53% YoY, and 43.70% YoY in 9MCY22.
Meanwhile, the foreign exchange income increased by 257.80% YoY to clock in at Rs918 million in this period.
On the taxation front, the company paid Rs256mn, 21.54% YoY less than Rs326mn in SPLY.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 164,831.42 172.50M | 1.19% 1934.74 |
| ALLSHR | 99,333.72 384.42M | 0.90% 884.04 |
| KSE30 | 49,356.83 107.72M | 1.37% 669.37 |
| KMI30 | 237,212.17 96.90M | 1.44% 3362.86 |
| KMIALLSHR | 64,767.41 193.64M | 1.12% 719.32 |
| BKTi | 44,973.02 33.91M | 1.41% 625.96 |
| OGTi | 34,831.33 6.50M | 1.19% 408.38 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 77,660.00 | 77,700.00 76,465.00 | 825.00 1.07% |
| BRENT CRUDE | 109.11 | 111.49 108.50 | -2.17 -1.95% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -7.75 -6.58% |
| ROTTERDAM COAL MONTHLY | 112.80 | 112.80 112.80 | 0.35 0.31% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 102.24 | 104.45 101.64 | -1.91 -1.83% |
| SUGAR #11 WORLD | 15.04 | 15.13 14.92 | 0.03 0.20% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Banking Sector Spreads