Staff Reporter
Karachi
The Board of Directors of National Bank of Pakistan “the Bank” in its meeting held at Head office Karachi, approved the condensed interim financial statements of the Bank for the period ended September 30, 2020.
With strong growth in core earnings, the Bank recorded excellent results and reported unconsolidated profit after tax of PKR 26.1 billion, up by PKR 9.8 bn or 60% compared to the corresponding period last year.
Earnings per share increased to Rs. 12.28 against Rs. 7.68 of Sep ’19 and Return on Assets and Return on Equity improved from 0.7% and 14.0% in Sep ’19 to 1.2% and 19.7% respectively in the nine months period ended September 30, 2020.
During the period, the Bank earned gross mark-up/interest income of PKR 206.0 bn (+23.1% YoY), with Investments contributing PKR 124.9 bn (+49.5% YoY) and Loans & Advances generating PKR 78.0 bn (+0.6% YoY). The average interest-bearing liabilities increased 17.5% to PKR 2,458.5 bn and total cost of funds increased to PKR 126.2 bn (+11.1% YoY).
