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Karachi, August 09, 2012 (PPI-OT): We are pleased to inform you that the Board of Directors at their meeting held on Wednesday, the 8th August, 2012, at 11:30 a.m. at its Head Office, 6th Floor, Sidco Avenue, M.D.M. Wafai Road, Karachi, approved the Un-audited Accounts of’ the Bank for the Half year/2nd Quarter ended June 30, 2012.
Financial Results of Samba Bank Limited (SBL) for the Half year/2nd Quarter ended June 30, 2012 are attached. We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.
Furthermore, the Board, subject to the approval of SBP and other applicable regulatory approval (s) and completion of all legal and statutory formalities, has approved restructuring of the Bank’s capital by way of (i) Reduction in capital to the extent of PKR 6,252,347,656 (Pak Rupees Six billion two hundred fifty two million three hundred forty seven thousand six hundred and fifty six only) in accordance with the provisions of Section 96 of the Companies Ordinance, 1984 and (ii) Issuance of further capital by way of a right issue of 200,000,000 (Two hundred million) shares at PKR 10/- per share amounting to PKR 2,000,000,000 (Pak Rupees Two billion only) in accordance with the provisions of Section 86 of the Companies Ordinance 1984.
Condensed Interim Profit and Loss Account (Un-Audited) for the Quarter and Half Year Ended June 30, 2012
|
Quarter ended |
Half year ended |
|||
|
June 30, |
June 30, |
June 30, |
June 30, |
|
|
2012 |
2011 |
2012 |
2011 |
|
|
(Rupees in ‘000) |
||||
| Murk-up /return / interest earned |
746,670 |
851,105 |
1,520,138 |
1,569,598 |
| Mark-up / return / interest expense |
398,175 |
501,675 |
835,188 |
881,474 |
|
——- |
——- |
——— |
——— |
|
| Net mark-up /return/ interest income |
348,495 |
349,430 |
684,950 |
688,124 |
| (Reversal) /provision against loans and advances-net |
(10,529) |
(10,475) |
(43,071) |
(21,917) |
| Provision for diminution in the value of investments – net |
– |
– |
– |
– |
| Recoveries against debts written-off |
(269) |
(327) |
(3,422) |
(961) |
|
——- |
——- |
——— |
——— |
|
|
(10,798) |
(10,802) |
(46,493) |
(22,878) |
|
|
——- |
——- |
——— |
——— |
|
| Net mark-up / return / interest income after provisions |
359,293 |
360,232 |
731,443 |
711,002 |
| Non mark-up /return/ interest income | ||||
| Fee, commission and brokerage income |
21,885 |
5,911 |
37,814 |
33,744 |
| Dividend income |
– |
436 |
– |
436 |
| Income from dealing in foreign currencies |
4,080 |
17,535 |
7,141 |
23,547 |
| Gain on sale of securities |
1,111 |
4,388 |
2,633 |
5,825 |
| Unrealised loss on revaluation of investments | ||||
| classified as held or trading |
(480) |
(89) |
(291) |
(89) |
| Other income |
3,304 |
7,568 |
3,049 |
45,865 |
|
——- |
——- |
——— |
——— |
|
| Total non mark-up / return / interest income |
29,000 |
45,749 |
50,346 |
109,328 |
|
——- |
——- |
——— |
——— |
|
|
389,193 |
405,981 |
781,789 |
820,330 |
|
| Non mark-up / return / interest expenses | ||||
| Administrative expenses |
357,162 |
363,198 |
716,044 |
725,682 |
| (Reversal of provisions) /other provisions / write offs- net |
(55,965) |
– |
(35,965) |
3,802 |
| Workers’ welfare fund |
1,791 |
– |
2,465 |
– |
| Other charges |
900 |
5 |
901 |
37 |
|
——- |
——- |
——— |
——— |
|
| Total non mark-up / return / interest expenses |
303,888 |
363,203 |
663,445 |
729,521 |
|
——- |
——- |
——— |
——— |
|
|
85,305 |
42,778 |
118,344 |
90,809 |
|
| Extra ordinary / unusual items |
– |
– |
– |
– |
|
——- |
——- |
——— |
——— |
|
| Profit before taxation |
85,305 |
42,778 |
118,344 |
90,809 |
| Taxation – Current year |
7,733 |
10,217 |
15,666 |
18,207 |
| – Prior- years |
– |
– |
– |
– |
| – Deferred |
34,005 |
14,544 |
43,012 |
32,201 |
|
——- |
——- |
——— |
——— |
|
|
41,738 |
24,761 |
58,678 |
50,408 |
|
|
——- |
——- |
——— |
——— |
|
| Profit after taxation |
43,567 |
18,017 |
59,666 |
40,401 |
|
——- |
——- |
——— |
——— |
|
| Basic and diluted earnings per | ||||
| share (Rupees) |
0.03 |
0.01 |
0.04 |
0.03 |
For more information, contact:
Saima Kamila Khan
Head of Legal and
Company Secretary
Samba Bank Limited
6th Floor, Sidco Avenue Centre,
Maulana Deen Muhammad Wawai Road,
Saddar, Karachi.
UAN: +92-21-111-999-333,
Fax: +92-21-35685442,
Web: www.samba.com.pk