The after tax loss of NIB Bank has reduced to Rs 145.125 million in the quarter ended March 31, 2012 as compared to after tax loss of Rs 795.184 million in the corresponding quarter in 2011. The board of directors of the bank in its meeting held here on Wednesday declared that the bank's loss per share stood at Re 0.01 in the period under review against Re 0.20 in the same period last year.
According to the financial results sent to Karachi Stock Exchange, the bank's mark-up/return/interest earning declined to Rs 3.372 billion in this quarter against Rs 3.624 billion in the same quarter last year while mark-up/return/interest expenses reduced to Rs 2.789 billion against Rs 2.974 billion.
The bank's total non-mark-up/interest income increased to Rs 593.364 million in this quarter against Rs 356.417 million in the same quarter last year while total non-mark-up/interest expenses increased to Rs 1.275 billion against Rs 1.169 billion. The bank's loss before taxation reduced to Rs 98.468 million in the first quarter of 2012 against Rs 1,077.225 million in the same quarter in 2011.