Samba Bank’s net earnings remain static during CY2019

News Image

By MG News | February 26, 2020 at 02:41 PM GMT+05:00

0:00

February 26, 2020 (MLN): Samba Bank Limited has announced its financial results for the year ended December 31, 2019, wherein its profits have increased by 0.55% to Rs. 686.4 million only while Earnings per share have remained static at Rs. 0.68.

The bank reported an uptick in Net Interest Income by almost 30%, despite a 91% increase in interest expense. On the other hand, the non-interest income depicted a growth of 9.6% on the back of rise in Dividend Income and Forex gains by 35% and 82% respectively.

The operating expense of the bank increased by 20.6%, whereas non-core charges reduced by 47%.

The company’s profits were limited by a six-fold increase in provisions, from Rs. 68.3 million last year to Rs. 502 million this year.

Profit and Loss Account for the year ended December 31, 2019 ('000 Rupees)

 

Dec-19

Dec-18

% Change

Mark-up/return/interest earned

12,791,334

7,555,595

69.30%

Mark-up/return/interest expensed

9,272,249

4,847,164

91.29%

Mark-up/return/interest income

3,519,085

2,708,431

29.93%

NON-MARK-UP/INTEREST INCOME

     

Fee and commission income

331,658

270,927

22.42%

Dividend income

61,381

45,332

35.40%

Foreign exchange income

432,256

237,464

82.03%

Income / (loss) from derivatives

     

Gain / (loss) on securities

20,697

214,586

452.95%

Other income

154

3,743

-99.98%

Total non-mark-up/interest income

846,146

772,052

9.60%

Total Income

4,365,231

3,480,483

25.42%

NON-MARK-UP/INTEREST EXPENSES

     

Operating expenses

2,732,037

2,264,098

20.67%

Workers' Welfare Fund

22,920

23,024

-0.45%

Other charges

8,078

15,278

-47.13%

Total non-mark-up/interest expenses

2,763,035

2,302,400

20.01%

Profits before provisions

1,602,196

1,178,083

36.00%

(Provisions) / reversal and write offs - net

(502,047)

(68,364)

634.37%

Extraordinary items/unusual items

-

-

 

Profit before taxation

1,100,149

1,109,719

-0.86%

Taxation

(413,691)

(426,990)

-3.11%

Profit after taxation

686,458

682,729

0.55%

Earnings per share - basic (Rupees)

0.68

0.68

0.00%

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court


July 04, 2025 at 06:41 PM GMT+05:00

Govt domestic debt, liabilities nears Rs54tr in May



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg