KARACHI – National Bank of Pakistan (NBP) during lastnine months till September earned Rs 79.4 billion, which is 20.3% higherthan Rs 66 billion of the last year’s same period; with net interest incomeof Rs 53.9 billion, non-mark-up / interest income of Rs 25.6 billion, up by23.7% and 13.7% respectively.
With an increase of 26.2% year-on-year, the bank’s profit beforetaxation amounted to Rs 29.2 billion as against Rs 23.1 billion forSeptember 2018. After-tax profit for the nine-months period amounted to Rs16.3 billion being marginally 1.0 % higher than Rs 16.2 billion earnedduring the corresponding period of 2018, said NBP statement here on Tuesday.
The drop in after-tax profit is mainly attributed to higher taxationcharge of 44.0% as compared to 30.0% for the corresponding period lastyear.Net profit translates into earnings per share of Rs 7.68 as against Rs7.60 for the corresponding nine-months period of prior year.
Total assets of the bank amounted to Rs 3,025.4 billion which is 8.1%higher than Rs 2,798.6 billion as on Dec. 31, 2018. These represent 13.8%of the banking industry total assets.
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The bank’s market share in deposits, advances and investment is around14%, 12%, and15% respectively.
Representing 12.0% of the total industry loans, gross advances of the bankamounted to Rs 1,093.4 billion, marginally higher than Rs 1,059.5 billionas at December 31, 2018. However, compared to Rs 953.3 billion of Sept.2018, gross advances stand increased by Rs 140.1 billion or 14.7%.
