National Bank of Pakistan reported a 6.6% year-over-year decline in profit for the second quarter ended June 30.
The bank said Aug. 28 that consolidated profit attributable to shareholders fell to 7.10 billion Pakistani rupees from 7.59 billion rupees in the year-ago period. EPS slipped to 3.34 rupees from 3.57 rupees.
Net interest income climbed to 20.06 billion rupees from 16.08 billion rupees, and fee and commission income went up to 6.17 billion rupees from 5.47 billion rupees. Total income for the quarter increased to 30.41 billion rupees from 25.81 billion rupees.
The lender booked net provisions and write offs totaling 3.05 billion rupees, up from 2.80 billion rupees a year earlier. Operating expenses grew to 15.40 billion rupees from 13.33 billion rupees.
As of Aug. 28, US$1 was equivalent to 157.61 Pakistani rupees.
