National Bank of Pakistan Limited’s financial results for the quarter ended June 30, 2012

August 16, 2012 Financial Results

Karachi, August 16, 2012 (PPI-OT): We have to inform you that the Hoard of Directors of National Bank of Pakistan Limited (NBP) in its meeting held at 9:30 A.M. on Thursday the August 16, 2012, has not recommended any Cash Dividend, Bonus issue / Right Shares or any other entitlement. The financial results of the Bank for the quarter ended June 30, 2012 are enclosed.

Consolidated Condensed Interim Profit and Loss Account – (Un-Audited) for the Quarter and Half Year Ended June 30, 2012

Quarter

Half Year

Quarter

Half Year

Ended

Ended

Ended

Ended

June 30,

June 30,

June 30,

June 30,

2012

2012

2011

2011

(Rupees in ‘000′)
Mark-up / Return / Interest Earned

25,232,643

50,531,881

23,850,532

47,111,745
Mark-up / Return / Interest Expensed

14,377,126

28,993,467

12,025,058

24,250,028

———-

———-

———-

———-
Net Mark-up / Interest Income

10,855,517

21,538,214

11,825,474

22,861,718
Provision against Non-Performing Loans and Advances

1,610,183

2,569,237

3,234,147

4,623,432
Provision for Diminution in the Value of Investments

2,290,368

779,290

1,231,399

1,512,678
Provision against Off Balance Sheet Obligations

–

–

–

–
Bad Debts Written Off Directly

–

–

–

–

———-

———-

———-

———-

3,900,541

3,348,527

4,465,546

8,136,110

———-

———-

———-

———-
Net Mark-up/ Interest Income after Provisions

6,954,976

18,189,687

7,359,928

16,725,608
Non Mark-Up / Interest Income
Fee, Commission and Brokerage Income

2,786,608

5,006,638

3,000,217

5,309,532
Dividend income

516,296

1,292,016

211,134

594,507
Income from Dealing in Foreign Currencies

761,888

1,569,916

807,489

1,452,307
Gain / (Loss) on Sale of Securities

1,681,251

1,869,177

1,207,177

1,654,502
Unrealised Gain / (Loss) on Revaluation of
Investments classified as Held-for-Trading

(48,793)

(30,506)

9,618

(36,729)
Share of Profit/ (Loss) from Joint Ventures

16,958

23,395

(8,277)

(10,948)
Share of Profit/ (Loss) from Associates

763,730

938,725

(1,875)

10,570
Other income

1,037,342

1,108,294

1,046,960

1,076,064

———-

———-

———-

———-
Total non mark-up / interest income

7,614,277

11,775,554

6,272,413

10,049,894

14,469,264

29,965,241

13,632,341

26,775,502
Non Mark-Up/ Interest Expenses
Administrative expenses

6,807,174

17,156,413

7,990,409

14,708,065
Other provisions/ write offs

(59,342)

(8,648)

334,101

342,670
Other charges

9,257

13,064

2,628

12,035

———-

———-

———-

———-
Total non mark-up/ interest expenses

5,757,089

17,160,831

8,327,138

15,062,770

———-

———-

———-

———-

5,712,164

12,804,410

5,305,203

11,712,732
Extra ordinary items

–

–

–

–

———-

———-

———-

———-
Profit before Taxation

5,712,164

12,804,410

5,305,203

11,712,732
Taxation – Current

2,864,122

4,644,853

3,495,559

5,796,257
– Prior year (s)

–

–

–

–
– Deferred

(1,573,945)

(1,166,891)

(2,049,493)

(2,216,428)

———-

———-

———-

———-

1,290,178

3,477,962

1,446,066

3,579,829

———-

———-

———-

———-
Profit after Taxation

4,421,986

9,328,448

3,869,138

8,132,903
Share Holders of the Bank

4,401,636

9,293,009

3,872,577

8,151,258
Minority Interest

20,351

33,439

(13,439)

(18,355)

———-

———-

———-

———-

4,421,986

9,326,448

3,859,138

8,132,903

———-

———-

———-

———-
Basic and Diluted Earnings per Share (Rupees)

2.39

5.04

2.09

4.40

Unconsolidated Condensed Interim Profit and Loss Account – (Un-Audited) for the Quarter and Half Year Ended June 30, 2012

Quarter

Half Year

Quarter

Half Year

Ended

Ended

Ended

Ended

June 30,

June 30,

June 30,

June 30,

2012

2012

2011

2011

(Rupees in ‘000′)
Mark-up/ Return/ Interest earned

25,200,262

60,046,956

23,764,203

46,934,660
Make-up / Return/ Interest expensed

14,390,686

28,947,637

12,024,591

24,249,469

———-

———-

———-

———-
Net mark-up/Return/ interest income

10,809,576

21,099,319

11,739,612

22,885,191
Provision against non-performing advances-net

1,604,332

2,569,237

3,234,147

4,623,432
Provision for diminution in value of investments – net

2,290,358

779,290

1,231,399

1,512,678
Provision against off-balance sheet obligations

–

–

–

–
Bad debts written off directly

–

–

–

–

———-

———-

———-

———-

3,894,690

3,348,527

4,465,546

6,136,110

———-

———-

———-

———-
Net mark-up / interest income after provisions

6,914,886

17,750,792

7,274,066

16,549,081
Non Mark-Up/ Interest Income
Fee, commission and brokerage income

2,623,906

4,729,784

2,913,162

5,133,010
Dividend income

515,296

1,292,016

211,134

594,507
Income from dealing in foreign currencies

731,782

1,525,698

794,081

1,425,988
Gain on sale and redemption of securities – net

1,581,251

1,869,177

1,217,727

1,664,592
Unrealized (loss)/ gain on revaluation of
investments classified as held-for-trading

(48,793)

(30,506)

9,618

(36,729)
Other income

1,047,026

1,092,364

1,027,891

1,059,578

———-

———-

———-

———-
Total non-mark-up/ interest income

6,560,468

10,478,533

6,173,613

9,830,946

———-

———-

———-

———-

13,465,354

28,229,325

13,447,679

26,380,027
Non Mark-Up/ Interest Expenses
Administrative expenses

8,643,446

16,544,960

7,804,976

14,370,157
Other provisions/ write-offs

(42,519)

(8,646)

333,724

338,798
Other charges

9,267

13,064

2,828

12,035

———-

———-

———-

———-
Total non-mark-up/ interest expenses

8,610,184

16,540,378

5,141,328

14,720,990

———-

———-

———-

———-

4,855,170

11,679,947

5,306,351

11,669,037
Extra ordinary/ unusual items

–

–

–

–

———-

———-

———-

———-
Profit before Taxation

4,855,170

11,879,947

5,306,361

11,659,037
Taxation – current

2,872,578

4,644,853

3,483,839

5,783,286
– prior year (s)

–

–                –

–
– deferred

(1,574,115)

(1,166,891)

(2,048,823)

(2,215,758)

———-

———-

———-

———-

1,298,463

3,477,962

1,435,016

3,567,528

———-

———-

———-

———-
Profit after Taxation

3,666,707

8,201,905

3,871,336

8,091,609

———-

———-

———-

———-
Basic and diluted earnings per share (Rupees)

1.92

4.43

2.09

4.37

For more information, contact:
Aamir Sattar
EVP/Financial Controller
National Bank of Pakistan Limited
2nd Floor, I. I. Chundrigar Road, Karachi
Ph: 99220224,
Fax: 99220239
Website: www.nbp.com.pk

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