NBP's nine-months financial results for September 30, 2019.

Meeting of the Board of Directors (BoD) of National Bank of Pakistan was held on October 29, 2019 at the bank's Head Office in Karachi in which the BoD approved financial statements of the bank for the nine-months period ended June 30, 2019.

For the nine-months period, total income of the bank amounted to PKR 79.4 billion which is 20.3% higher than PKR 66.0 billion YoY. While net interest income closed at PKR 53.9 billion, non-mark-up / interest income closed at PKR 25.6 billion, up by 23.7% and 13.7% respectively. With an increase of 26.2% YoY, the bank's profit before taxation amounted to PKR 29.2 billion as against PKR 23.1 billion for September 2018. After-tax profit for the nine-months period amounted to PKR 16.3 billion being marginally 1.0 % higher than PKR 16.2 billion earned during the corresponding period of 2018. The drop in after-tax profit is mainly attributed to higher taxation charge of 44.0% as compared to 30.0% for the corresponding period last year. Net profit translates into earnings per share of PKR 7.68 as against PKR 7.60 for the corresponding nine-months period of prior year.

Total assets of the bank amounted to PKR 3,025.4 billion which is 8.1% higher than PKR 2,798.6 billion as at December 31, 2018. These represent ~13.8% of the banking industry total assets. The bank's market share in deposits, advances and investment is around ~14%, ~12%, and ~15% respectively. Representing ~12.0% of the total industry loans, gross advances of the bank amounted to PKR 1,093.4 billion, marginally higher than PKR 1,059.5 billion as at...