NBP posts historic Rs. 22.11 Billion Profit after Tax in Q1 2025

KARACHI, April 25, 2025:TheNational Bank of Pakistan (PSX: NBP)announced its financial results for the quarter ended March 31, 2025, posting a profit after tax of Rs22.11 billion [EPS: Rs10.29], a remarkable increase of 125.14% compared to Rs9.82 billion [EPS: Rs4.56] reported during the same period last year. According to the bank’s consolidated statement of profit and loss, net mark-up/interest income soared by 139.47% year-on-year (YoY) to Rs69.75 billion, up from Rs29.13 billion in the corresponding period of 2024, despite a 22.48% decline in mark-up earned. Meanwhile, total non-mark-up/interest income clocked in at Rs26.89 billion, reflecting a decline of 7.67% YoY, primarily due to lower other income and the absence of derivative gains recorded last year. Within this segment, fee and commission income showed strong growth, rising 46.65% YoY to Rs9.21 billion, while foreign exchange income improved by 13.04% YoY to Rs2 billion. However, thebank reporteda net loss of Rs100.42 million from derivatives and a Rs327.81 million loss on securities. The share of profit from associates surged 458.46% YoY to Rs394.45 million, whereas profit from joint ventures declined by 39.61% to Rs22.65 million. Dividend income remained relatively stable at Rs1.75 billion. On the expense side, total non-mark-up/interest expenses increased by 29.97% YoY to Rs29.22 billion, mainly driven by a 29.98% rise in operating expenses. Additionally, credit loss allowance and write-offs jumped significantly by 778.88% to Rs6.39 billion during the review period. As a result, thebank’s profit before taxation climbed 130.52% YoY to Rs47.09 billion. Taxation expenses also nearly doubled, rising by 135.5% YoY to Rs24.98 billion. Out of the total profit, Rs21.88 billion was attributable to equity holders of the bank, while Rs221.44 million was attributed to non-controlling interest.