Small banks - big profits

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Small banks
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(Rs mn)                    1HCY12    1HCY11    chg
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Mark-up Earned            17,278    14,444     20%
Mark-up Expensed         (12,080)  (11,103)     9%
Net Markup Income          5,198     3,341     56%
Provisioning                 159      (417)
Net Mark-up income
 after provision           5,357     2,924     83%
Other  income              3,117     1,719     81%
Operating revenues         8,315     5,060     64%
Other  expenses           (6,361)   (5,659)    12%
Profit before taxation     2,114    (1,016)
Profit after taxation      1,346    (1,440)
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Source: Companies Accounts