NBP: Pretty ordinary performance

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National bank of Pakistan
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(Rs mn)                     1HCY12    1HCY11    chg
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Mark-up Earned             50,047    46,935      7%
Mark-up Expensed          (28,948)  (24,249)    19%
Net Markup Income          21,099    22,685     -7%
Provisioning               (3,349)   (6,136)   -45%
Net Mark-up income         17,751    16,549      7%
 after provisions
Other  income              10,479     9,831      7%
Operating revenues         31,578    32,516     -3%
Other  expenses           (16,549)  (14,721)    12%
Profit before taxation     11,680    11,659      0%
Profit after taxation       8,202     8,092      1%
EPS (Rs)                     4.43      4.37
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Source: Company Accounts