National Bank of Pakistan (NBP) announced 9Mmonths 2020 Financial Result today, where it reported a Net Profit of PKR 26.2billion (EPS: PKR12.28) in 9MCY2020 as compared to PKR16.6billion (EPS: PKR7.80) in the same period last year.

For 3QCY20, Prfot clocked in at PKR5.2/share, 210% increase YoY. Gross yield of the bank improved to 51.7% in 3QCY20 vs. 44.0% in the previous quarter, lending assistance in stabilizing Net Interest income on a sequential basis.

Non funded income contribution in total income was recorded at 23.7%, down 0.5ppt QoQ primarily as fee income undergoes seasonal decline and FX income remaining subpar (down 64.3%QoQ), partially countered by capital gains.
Effective tax rate normalized to 38.0% in 3QCY20 vs. 24.5% in the previous quarter.

PKR Million9M20209M2019YoY
Markup Earned206,206167,54823.10%
Markup Expensed126,171113,50911.20%
Net Interest Income80,03554,03948.10%
Non-Interest Income28,53926,7736.60%
Non-Mark-up Expenses46,55342,6969.00%
Pre-Provision Profit62,02038,11662.70%
Provisions22,6078,522165.30%
PBT39,41429,59433.20%
Taxation13,23312,9562.10%
PAT26,18116,63857.40%
EPS12.287.8 
The following two tabs change content below.

LEAVE A REPLY

Please enter your comment!
Please enter your name here