COMPANY NEWS.
Another strong year for NBP
The National Bank of Pakistan (NBP) has delivered yet another year of strong financial results and posted a pre-tax profit of Rs62.7bn for the year ended December 31, 2022, depicting an annual increase of 18.7pc, according to a press release. With strong income momentum across its business segments, the bank's fund-based net interest income was particularly strong.
The 40pc growth in average earning assets, coupled with margin expansion through higher policy rates, generated gross interest income of Rs503.3bn, i.e. 117pc higher than Rs231.9bn...
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