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 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,625.00 108,105.00
105,930.00
-1610.00
-1.49%
BRENT CRUDE 67.19 67.50
66.34
0.45
0.67%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.65 65.98
64.67
0.54
0.83%
SUGAR #11 WORLD 15.61 16.21
15.55
-0.59
-3.64%

Chart of the Day


Latest News
July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola


July 01, 2025 at 04:53 PM GMT+05:00

PSX proposes key regulatory amendments


July 01, 2025 at 04:30 PM GMT+05:00

Cement dispatches likely to drop 28% MoM in June 2025


July 01, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Breaking Records, Breaking Ground


July 01, 2025 at 03:28 PM GMT+05:00

June inflation falls to 3.2%



Top 5 things to watch in this week

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