Financial results for quarter ended March 31

77

Staff Reporter

Islamabad

A meeting of the Board of Directors of National Bank of Pakistan was held today i.e. May 21, 2020 to approve the financial statements of the Bank for the three-months period ended March 31, 2020.
Total income of the Bank amounted to PKR 24.87 billion which is 4.8% higher than PKR 23.73 billion earned during the corresponding three-month period last year. For this period, net interest income closed at PKR 16.57 billion, whereas the non-mark-up / interest income closed at PKR 8.30 billion, up by 7.2% and 0.4% respectively.
The Bank’s profit before provisions and write-off amounted to PKR 11.06 billion, being 0.7% higher than PKR 10.98 billion for the similar period last year. The after-tax profit for the period under review closed at PKR 4.12 billion, lower by 1.5% as against PKR 4.18 billion earned during the corresponding period of 2019.