KARACHI: National Bank of Pakistan’s (NBP) after-tax profit increased by 25.3 per cent to Rs9.5 billion in the first half of this year from Rs7.5bn a year earlier, the bank announced on Friday.

This translated into earnings per share of Rs4.44 in January-June 2016 as against Rs3.54 in the first half of 2015.

The bank’s pre-tax profit rose 9.2pc to Rs16.5bn from Rs15.13bn. Pre- and after-tax returns on equity stood at 29.1pc and 16.6pc, respectively, whereas pre- and after-tax returns on assets remained 1.9pc and 1.1pc.

Its net interest income increased by 11.4pc to Rs27.6bn from Rs24.8bn. “This was achieved through maintaining an efficient assets-mix of high-yield loans and investments,” the bank said.

Fee and commission income amounted to Rs7.04bn, which was 23.2pc higher than Rs5.7bn a year earlier.

Meezan Bank’s earnings flat

Meezan Bank recorded an after-tax profit of Rs2.686bn in the first half as compared to Rs2.677bn in the same period of the last year. Earnings per share stood at Rs2.68.

The bank’s non-funded income grew 28pc with fee, commission and brokerage income contributing 47pc to the total non-funded income.

The bank said it crossed the deposit milestone of Rs500bn during the period under review.

On the assets side, Islamic financing and related assets grew by 56pc from June 2015 and 9pc from December 2015, closing at Rs225bn.

Silkbank earns Rs536m

In its board meeting held on Friday, Silkbank declared an operating profit of Rs889 million for the half year ended June 30, 2016.

The bank said its pre-tax profit rose 441pc year-on-year to Rs536m in January-June 2016.

The bank’s total assets base grew by Rs11bn as compared to total assets as of Dec 31, 2015.

BoK in Rs1.02bn profit

Bank of Khyber (BoK) earned an after-tax profit of Rs1.021bn during the first half of 2016, a growth of 44pc compared to Rs0.71bn a year ago.

The bank’s operating profit rose 31pc to Rs2.109bn from Rs 1.61bn while its assets grew 23pc to Rs175bn from Rs142bn.

Its investments jumped 28pc to Rs106bn from Rs83bn a year earlier.

Published in Dawn, August 27th, 2016

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