Arab Today, arab today pakistani banks’ combined profits zoom
Last Updated : GMT 10:24:43
Arab Today, arab today
Arab Today, arab today

Pakistani banks’ combined profits zoom

Arab Today, arab today

Arab Today, arab today Pakistani banks’ combined profits zoom

Karachi - Arabstoday

KARACHI: Pakistani listed banks have posted combined net profits of Rs93.7 billion in nine months of calendar year 2012 as against profit of Rs75.5 billion in the corresponding period of yesteryear, reflection a strong growth of 24 per cent on yearly basis with non-interest income remaining the main earnings driver coupled with lower provisions That said, Net Interest Income (NII) surprisingly remained flat sequentially with balance sheet growth countering some Net Interest Margins (NIM) compression With non-interest income remaining largely unchanged on a quarterly basis, it appears banks are keeping capital gains in stock for utilisation across the next quarter and first half of calendar year 2013, particularly if NII starts to come off, analysts said. All listed banks will round off 2012 on a strong note with potential to sustain earnings in 2013 even if interest rates remain close to single digit. Analysts retained their preference for the larger banks with a selective liking for United Bank Limited, Bank Alflaha Limited and National Bank of Pakistan. The big six banks having assets approximately Rs400 billion posted combined net profit after tax of Rs75.0 billion in nine months of 2012, up 17 per cent and accounting for 80 per cent of listed commercial bank profits. While NII came off by 3 per cent on yearly basis, the earnings growth in nine months of calendar year 2012 has been driven by a 41 per cent yearly basis reduction in total provisions and a 34 per cent increase in non-interest income. In the third quarter of 2012, combined big six profits clocked in at Rs24 billion, down 5.0 per cent on quarterly basis on lower NII (tighter NIMs) even as total provisions came off by 8.0 per cent on quarterly basis. The 10 medium banks with assets vary from Rs100 billion to Rs400 billion posted combined profit of Rs16.4 billion in nine months of 2012, up a strong 31 per cent. The growth was broad-based with NII up 10 per cent on yearly basis, provisions lower by 32 per cent and non-interest income up 22 per cent. The six small banks with assets ranging from Rs100 billion posted combined profit of Rs2.3 billion in nine months of 2012 versus a combined loss of Rs1.0 billion in the corresponding period of pervious year. The smaller banks continue to be plagued by relatively weak capital strength, low coverage levels and lack of scale efficiencies. However, NII has done well -up 33 per cent YoY in 9MCY12 and 12 per cent QoQ in 3QCY12. All banks have posted strong results in third quarter of 2012 even as NIMs have come off due to monetary easing. Despite NIM compression concerns amidst asset re-pricing and potential cuts in the discount rates.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistani banks’ combined profits zoom Arab Today, arab today pakistani banks’ combined profits zoom

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistani banks’ combined profits zoom Arab Today, arab today pakistani banks’ combined profits zoom

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Sherine Reda frustrated of latest terrorist attacks

GMT 09:03 2017 Monday ,23 October

Sherine Reda frustrated of latest terrorist attacks
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:12 2017 Saturday ,21 October

Donia Abdel Aziz aspires to return to cinema

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 05:27 2017 Monday ,23 October

Travel plea for conjoined twins

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 08:06 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday