The profit after tax (PAT) of Samba Bank increased to Rs 440.401 million in the half year period ended June 30, 2018 as compared to Rs 232.306 million earned in the corresponding period in 2017. The board of directors of the bank in its meeting held here on Wednesday approved the un-audited accounts of the bank.
According to the financial results sent to Pakistan Stock Exchange, the banks surged to Rs 0.44 in the period under review against Rs 0.23 in the same period last year. The bank's mark-up/return/interest earning increased to Rs 3.619 billion in this period against Rs 3.505 billion in the same period last year while mark-up/return/interest expenses decreased to Rs 2.356 billion against Rs 2.382 billion.
The bank's total non-mark-up/interest income increased to Rs 492.792 million in this six month period against Rs 336.094 million in the same period last year while total non-mark-up/interest expenses increased to Rs 1,157 million against Rs 953.633 million. The bank's profit before taxation increased to Rs 739.064 million in the first half of 2018 against Rs 403.182 million in the same period in 2017.
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