Pakistan News Service

Saturday Oct 25, 2014, Muharram 1, 1436 Hijri
Logo
Main News Business & Economy Stock & Bond Editorials Cotton & Textiles Agriculture & Allied Fuel & Energy Taxiation Company News

NBP declares 75pc cash dividend

07 March, 2012

KARACHI: Board of Directors' of National Bank of Pakistan announced a payout of 10pc Bonus shares and 75pc (Rs.7.50 per share) cash dividend to the share holder's as final dividend for the year 2011 which translates into payout ratio of 81.18pc.

  More on this

KARACHI: Board of Directors' of National Bank of Pakistan announced a payout of 10pc Bonus shares and 75pc (Rs.7.50 per share) cash dividend to the share holder's as final dividend for the year 2011 which translates into payout ratio of 81.18pc.

In the meeting held on Tuesday at the bank's Head Office, board approved the financial statements of the Bank for the Year ended December 31, 2011.

Total assets of the bank increased to Rs.1.15 trillion at the year end, up by 10.8pc from year end 2010, an appreciable growth especially in view of lower growth in the banking system deposits.

Pre-tax profit increased by 7pc from Rs 24.4 billion to Rs 26 billion. The increase is owing to higher core revenues.Net interest income increased by 8.3pc from last year, while non interest mark-up income was up by 9.7pc on account of higher dividend and exchange income. After tax profit, however, remained at last year level of Rs.17.6 billion due to prior year's tax reversal of Rs 939 million in 2010.

Pre- tax return on equity stood at 24.3pc, pre-tax return on assets at 2.5pc with capital adequacy ratio at 16pc. The top line (operating revenue) increased by 8.7pc from Rs. 60.9 billion in 2010 to Rs. 66.1 billion in 2011. The bank's total deposits increased by Rs 95 billion or 11.5pc. Net advances also showed an increase of Rs 48 billion or 10pc.

During 2011 several major IT initiatives were undertaken including expansion of ATM network, establishment of full fledge 24/7 call center and conversion of more then 1000 branches onto the online network, remaining branches will also be converted on the online network in first quarter of 2012.

End.


 
Suggested Sites