NBP's after tax profit surges over 72 percent
The National Bank of Pakistan (NBP) disclosed to its
shareholders that its profit-after-tax (PAT) witnessed a remarkable surge of
over 72 percent, reaching Rs. 53.32 billion in 2023, translating to earnings
per share of Rs. 24.96. This substantial increase contrasts with the PAT of Rs.
30.95 billion recorded in 2022.
Despite this significant profit growth, the board of directors opted not to recommend any cash dividend to shareholders.
The bank attributed this impressive profit surge to a substantial rise in interest income, which reached Rs. 169.36 billion in 2023, up from Rs. 117 billion in 2022.
Source: Dawn