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Karachi, August 01, 2013 (PPI-OT): We are pleased to inform you that the board of Directors at their meeting held on Wednesday, the 31st July 2013, at 01:00 p.m. at its Head Office, 6th Floor, Sidco Avenue Centre, M.D.M. Wafai Road, Karachi, hove approved the Un-Audited Accounts of the Bank for the half year/2nd Quarter ended June 30, 2013, showing the following profit and loss account results:
Rs. in ‘000
Quarter ended Half Year ended
June 30, June 30, June 30, June 30,
2013 2012 2013 2012
Mark-up/ return/ interest earned 787,614 746,670 1,518,446 1,520,138
Mark-up/ return/ interest expensed 453,932 398,175 871,556 835,188
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Net mark-up/ return/ interest income 333,682 348,495 646,890 684,950
Reversal of provision against loans and investments-net (6,604) (10,529) (42,269) (43,071)
Provision for diminution in the value of investments-net - - - -
Recoveries against debts written-off (339) (269) (509) (3,422)
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(6,943) (10,798) (42,778) (46,493)
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Net mark-up/ return/ interest income after provisions 340,625 359,293 689,668 731,443
Non mark-up/ return/ interest income
Fee, commission and brokerage income 39,314 21,885 55,299 37,814
Dividend income 1,309 - 1,309 -
Income from dealing in foreign currencies 3,715 4,080 21,469 7,141
(Loss)/ gain on sale of securities (124) 1,111 (610) 2,633
Unrealised gain/ (loss) on revaluation of investments
classified as held for trading 1,005 (480) 797 (291)
Other income 3,299 3,304 4,554 3,049
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Total non mark-up/ return/ interest income 48,518 29,900 92,818 50,346
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389,143 389,193 782,486 781,789
Non mark-up/ return/ interest expenses
Administrative expenses 385,106 357,162 743,301 716,044
Other provisions/ write offs-net/ (reversal of provisions) 2,207 (55,965) 2,238 (55,965)
Workers welfare fund 312 1,791 1,012 2,465
Other charges - 900 - 901
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Total non mark-up/ return/ interest expenses 387,625 303,888 746,551 663,445
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1,518 35,305 35,935 118,344
Extraordinary/ unusual items - - - -
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Profit before taxation 1,518 85,305 35,935 118,344
Taxation-Current period 12,170 7,733 16,027 15,666
- Prior years - - - -
- Deferred (21,824) 34,005 (17,451) 43,012
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(9,654) 41,738 (1,424) 58,678
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Profit after taxation 11,172 43,567 37,359 59,666
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Basic and diluted earnings per share (Rupees) 0.01 0.03 0.03 0.04
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We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.
For more information, contact:
Saima Rasheed Khan
Acting Company Secretary
Samba Bank Limited
6th Floor, Sidco Avenue Centre,
Maulana Deen Muhammad Wafai Road,
Saddar, Karachi.
UAN: +92-21-111-999-333,
Fax: +92-21-35685442,
Web: www.samba.com.pk