KARACHI: National Bank of Pakistan profit rose to Rs3.8 billion during the first quarter (Jan-March) of 2015, up by 15pc on a quarter-on-quarter basis. However, the result — driven by higher Net Interest Income and capital gains — was lower than market estimates.
Total provisioning expense declined by 47pc to Rs3.1bn due to high base effect. But it remained higher as compared to Rs984 million booked in the same period last year.
Published in Dawn, April 30th, 2015
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