KARACHI: National Bank of Pakistan’s (NBP) after-tax profit increased by 25.3 per cent to Rs9.5 billion in the first half of this year from Rs7.5bn a year earlier, the bank announced on Friday. This translated into earnings per share of Rs4.44 in January-June 2016 as against Rs3.54 in the first half of 2015.
The bank’s pre-tax profit rose 9.2pc to Rs16.5bn from Rs15.13bn. Pre- and after-tax returns on equity stood at 29.1pc and 16.6pc, respectively, whereas pre- and after-tax returns on assets remained 1.9pc and 1.1pc.
Its net interest income increased by 11.4pc to Rs27.6bn from Rs24.8bn. “This was achieved through maintaining an efficient assets-mix of high-yield loans and investments,” the bank said.
Fee and commission income amounted to Rs7.04bn, which was 23.2pc higher than Rs5.7bn a year earlier.
