AGL 40.38 Increased By ▲ 0.37 (0.92%)
AIRLINK 127.48 Decreased By ▼ -0.51 (-0.4%)
BOP 6.62 Increased By ▲ 0.02 (0.3%)
CNERGY 4.51 Decreased By ▼ -0.09 (-1.96%)
DCL 8.58 Increased By ▲ 0.10 (1.18%)
DFML 41.98 Increased By ▲ 0.50 (1.21%)
DGKC 87.90 Increased By ▲ 1.32 (1.52%)
FCCL 32.80 Increased By ▲ 0.66 (2.05%)
FFBL 65.29 Decreased By ▼ -0.13 (-0.2%)
FFL 10.27 Increased By ▲ 0.02 (0.2%)
HUBC 109.75 Decreased By ▼ -0.74 (-0.67%)
HUMNL 14.75 No Change ▼ 0.00 (0%)
KEL 5.13 No Change ▼ 0.00 (0%)
KOSM 7.57 Increased By ▲ 0.45 (6.32%)
MLCF 41.75 Increased By ▲ 0.10 (0.24%)
NBP 59.70 Decreased By ▼ -0.39 (-0.65%)
OGDC 194.70 Increased By ▲ 0.01 (0.01%)
PAEL 28.29 Increased By ▲ 0.34 (1.22%)
PIBTL 7.80 Decreased By ▼ -0.20 (-2.5%)
PPL 152.20 Increased By ▲ 1.03 (0.68%)
PRL 26.74 Decreased By ▼ -0.14 (-0.52%)
PTC 16.15 Increased By ▲ 0.15 (0.94%)
SEARL 86.02 Increased By ▲ 7.82 (10%)
TELE 7.62 Increased By ▲ 0.23 (3.11%)
TOMCL 35.45 Decreased By ▼ -0.22 (-0.62%)
TPLP 8.15 Increased By ▲ 0.24 (3.03%)
TREET 16.08 Increased By ▲ 0.19 (1.2%)
TRG 52.75 Decreased By ▼ -0.01 (-0.02%)
UNITY 26.50 Decreased By ▼ -0.05 (-0.19%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,948 Increased By 27.8 (0.28%)
BR30 30,874 Increased By 123 (0.4%)
KSE100 93,658 Increased By 433.5 (0.47%)
KSE30 29,018 Increased By 132.9 (0.46%)

The meeting of the Board of Directors (BoD) of National Bank of Pakistan (NBP) was held on October 23, 2018 at the Bank's Head Office here, in which the BoD approved the financial statements of the Bank for the nine months period ended September 30, 2018. The Bank recorded a pre-tax profit of Rs 23.12 billion which is slightly lower than Rs 23.22 earned during the corresponding nine-month period of 2017. The after-tax profit for the period amounted to Rs 16.18 billion, ie, 10 percent higher than Rs 14.70 billion earned for the corresponding period of 2017. This translates into earnings per share of Rs 7.60 as against Rs 6.91 for the corresponding period last year.
The bank's net interest/mark-up income increased by 13.70 percent to Rs 43.55 billion against Rs 38.31 billion for the corresponding period of 2017. This was achieved through maintaining an efficient asset-mix of high-yield loans and investments. The bank has recently introduced changes in its operating structure for better service quality in order to enhance customer loyalty. Income from dividend and capital gains however recorded a drop due to the lackluster performance of the stock market. Overall non mark-up/interest income for the period amounted to Rs 22.49 billion which is marginally lower by 2.15 percent as compared to Rs 22.99 billion for the corresponding period of last year.
With a 4.19 percent growth by reference to December 31, 2017, the balance sheet size of the Bank has increased to Rs 2.47 trillion. As of September 30, 2018, Bank's deposits amounted to Rs. 1,799.79 billion being 4.21 percent higher as compared to that of December 31, 2017. The net advances also increased to Rs 828.46 billion showing an increase of 12 percent as compared to December, 2017.-PR

Copyright Business Recorder, 2018

Comments

Comments are closed.