NIB Bank has posted Rs 1,944.486 million as loss after tax in the half year period ended on June 30, 2010 as compared to profit after tax of Rs 579.913 million, earned in the corresponding period in 2009. The board of directors of the bank, in its meeting held on August 27, 2010, declared that bank has registered per share loss of Re 0.48 in the period under review against earning per share of Re 0.14 in the same period a year back.
According to the financial results sent to Karachi Stock Exchange (KSE), the bank's mark-up/return/interest earning declined to Rs 8.969 billion in the first half of 2010 against Rs 9.369 billion in the same period in 2009. The bank's mark-up/return/interest expenses increased to Rs 6.944 billion against Rs 6.649 billion. The bank's total non-mark-up/interest income increased to Rs 1,013.230 million in this period against Rs 682.266 million the same period last year while the bank's total non-mark-up/interest expenses increased to Rs 3.303 billion against Rs 2.439 billion.
The bank's loss before taxation stood at Rs 2.253 billion in the first half of 2010 against before tax profit of Rs 1.008 billion in the same period in 2009. On quarterly basis, the bank posted Rs 1,967.289 million as loss after tax, translating loss per share of Re 0.49 in the quarter ended on June 30, 2010 as compared to Rs 179.590 million as profit after tax with earning per share of Re 0.04 in the same quarter in 2009.
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