Karachi, In a recent meeting of the Board of Directors, the National Bank of Pakistan announced its financial results for the half-year ended June 30, 2023. The bank reported significant profit growth during this period, surpassing the previous year's figures.

Unconsolidated Condensed Interim Profit and Loss Account

The bank's unconsolidated condensed interim profit and loss account for the quarter and half-year ended June 30, 2023, revealed the following key financial highlights:

Mark-up/Return/Interest Earned: The bank earned a total of 432,332,452 Rupees in interest for the half-year, compared to 179,389,797 Rupees in the same period last year.

Mark-up/Return/Interest Expensed: Interest expenses amounted to 359,186,685 Rupees for the half-year, up from 126,285,433 Rupees in the previous year.

Net Mark-up/Return/Interest Income: The bank recorded a net income of 73,145,767 Rupees for the half-year, marking significant growth compared to 53,104,364 Rupees in the previous year.

Non-Mark-up/Interest Income: The bank's non-mark-up/interest income, including fee and commission income, dividend income, foreign exchange income, and other income, totaled 19,025,485 Rupees for the half-year.

Total Income: The bank's total income for the half-year reached 92,171,252 Rupees, up from 71,456,259 Rupees in the same period last year.

Profit Before Taxation: The profit before taxation amounted to 47,663,677 Rupees, showing impressive growth compared to 33,877,598 Rupees in the previous year.

Profit After Taxation: The bank reported a profit after taxation of 26,022,263 Rupees, significantly higher than 12,140,315 Rupees recorded in the same period last year.

Earnings Per Share: Earnings per share for the half-year stood at 12.23 Rupees, a substantial increase from 5.71 Rupees in the previous year.

Consolidated Condensed Interim Profit and Loss Account

In the consolidated condensed interim profit and loss account for the quarter and half-year ended June 30, 2023, the bank continued to demonstrate strong financial performance:

Mark-up/Return/Interest Earned: The consolidated mark-up/return/interest earned for the half-year amounted to 432,546,000 Rupees.

Mark-up/Return/Interest Expensed: Interest expenses for the half-year reached 359,173,467 Rupees.

Net Mark-up/Return/Interest Income: The consolidated net mark-up/return/interest income was 73,372,533 Rupees for the half-year.

Non-Mark-up/Interest Income: The bank's non-mark-up/interest income for the half-year, including fee and commission income, dividend income, foreign exchange income, and other income, totaled 20,927,740 Rupees.

Total Income: The consolidated total income for the half-year reached an impressive 94,300,273 Rupees.

Profit Before Taxation: The profit before taxation in the consolidated financials amounted to 49,036,889 Rupees.

Profit After Taxation: The bank reported a consolidated profit after taxation of 27,139,930 Rupees.

Earnings Per Share: Earnings per share in the consolidated statement stood at 12.71 Rupees.

These financial results indicate the National Bank of Pakistan's robust financial performance for the first half of 2023, with substantial profit growth and enhanced earnings per share. The bank's strong performance reflects its commitment to providing value to its shareholders and customers, even in challenging economic conditions.