NBP announces profit of Rs16.2 billion

Attention: open in a new window. PDFPrintE-mail

KARACHI: The National Bank of Pakistan (NBP) reported on Monday a profit-after-tax of Rs16.2 billion during the year ended December 31, 2012, the financial results sent to the Karachi Stock Exchange revealed. The board of directors’ of the bank in their meeting approved the financial statements of the bank for the year 2012 and announced a payout of 15 percent bonus shares and 70 percent (Rs7 per share) cash dividend to the shareholders’ as final dividend, which translates into the payout ratio of 97.2 percent.

Total assets of the bank increased to Rs1.31 trillion, up by 14 percent from 2011.The bank’s total deposits increased by Rs110 billion, or 12 percent. Despite the economic challenges the bank’s non-performing loans (NPLs) remained at the 2011 level with NPL ratio improving to 12.2 percent from 14.9 percent last year. Provision coverage is at 82 percent, which improved from 76 percent in 2011.


Courtesy: The News

Forex open Market rates & comments Archive

Login Form