BR Research

Askari Bank rides on low provisioning

Published August 29, 2012 Updated August 29, 2012 12:00am

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Askari Bank Limited
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(Rs mn)                          1HCY12      1HCY11       chg
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Mark-up Earned                  17,010      15,831         7%
Mark-up Expensed               (12,346)    (11,004)       12%
Net Markup Income                4,664       4,827        -3%
Provisioning                      (739)     (1,219)      -39%
Net Mark-up income               3,925       3,608         9%
 after provisions
Other  income                    2,097       1,601        31%
Operating revenues               6,761       6,428         5%
Other  expenses                 (4,446)     (4,143)        7%
Profit before taxation           1,576       1,066        48%
Profit after taxation            1,099         704        56%
EPS (Rs)                          1.35        0.87
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Source: Company Accounts