The profit after tax of National Bank of Pakistan has increased to Rs 19.393 billion in the year ended December 31, 2007 as compared to Rs 17.254 billion in the corresponding period in 2006. The bank's earning per share surged to Rs 23.78 in the period under review against Rs 21.15 in the same period a year back.
The board of directors of the bank in its meeting held here on Friday recommended a final cash dividend for the year at Rs 7.50 per share ie 75 percent. The board also recommended to issue bonus shares in the proportion of 10 shares for every 100 shares held ie 10 percent.
According to the results, the bank's mark-up/return/interest income increased to Rs 50.842 billion in the year 2007 as compared to Rs 44.326 billion in the same period in 2006 while the mark-up/return/interest expenses stood at Rs 17.026 billion in this period against Rs 14.035 billion in the same period previously.
The bank's total non-mark-up/interest income surged to Rs 13.940 billion in this period against Rs 12.488 billion in the same period a year back while the total non-mark-up/interest expenses stood at Rs 14.581 billion in this period against Rs 13.836 billion in previous year. The profit before tax of the bank was recorded at Rs 28.451 billion in 2007 as compared to Rs 26.568 billion in the same period in 2006.