National Bank of Pakistan earnings flat at Rs4.22 billion

Karachi –– The earnings of the National Bank of Pakistan (NBP) for the first quarter of 2011 remained flat at Rs 4.22 billion against Rs4.21 billion during the corresponding quarter last year, a bank statement said on April 26, 2011.

The board of directors of the bank approved the results for the first quarter and not recommended any cash dividend, bonus issue or right shares or any other entitlement for the quarter.

The net interest income of the bank for the quarter grew to Rs10.94 billion against Rs10.05 billion. Provisions against non-performing loans and advances came down to Rs1.389 billion from Rs1.94 billion.

The non-mark-up interest income also went down to Rs3.66 billion from Rs4 billion. The total expenses remained flat at Rs 6.35 billion against Rs6.30 billion. However, administrative expenses significantly increased to Rs6.56 billion from Rs 5.77 billion.

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