BR Research

NBP goes against the grain

Published October 28, 2011 Updated October 28, 2011 12:00am

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National Bank of Pakistan
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(Rs mn)                              9MCY11      9MCY10         chg
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Markup Earned                       69,487      65,891         5.5%
Markup Expensed                    (36,312)    (34,229)        6.1%
Net Markup Income                   33,176      31,662         4.8%
Provisioning                        (7,225)     (6,711)        7.7%
Net Markup income after provision   25,950      24,951         4.0%
Other income                        13,176      11,388        15.7%
Operating revenues                  46,351      43,050         7.7%
Other expenses                     (22,375)    (19,709)       13.5%
Profit before taxation              16,751      16,630         0.7%
Profit after taxation               11,402      11,363         0.3%
EPS                                   6.78        6.76
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Source: Company Accounts