BR Research

Is Bank of Punjab out of woods?

Published April 3, 2012 Updated April 3, 2012 12:00am

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The Bank of Punjab
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(Rs mn)                               CY11     CY10      CY09
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Markup Earned                      20,685   18,220     15,642
Markup Expensed                   (21,073) (18,802)  (19,022)
Net Markup Income                    (388)    (581)   (3,381)
Provisioning                        2,633   (3,320)  (10,183)
Net Markup income after provision   2,244   (3,902)  (13,563)
Other  income                       1,990    1,883      2,219
Operating revenues                  1,601    1,302    (1,162)
Other  expenses                    (3,711)  (4,168)   (3,029)
Profit/Loss before taxation           523   (6,186)  (14,374)
Profit after taxation                 348   (4,029)  (10,069)
EPS (Rs)                             0.66    (7.62)   (19.04)
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Source: Company accounts