The board meeting for the 1QCY15 financial results of National Bank of Pakistan (NBP) to hold on April 29, 2015 while Hub Power Company Limited (HUBC) to hold its meeting on April 30, 2015 for 9MFY15.
NBP expected to post PAT of Rs 4.09bn (EPS: Rs 1.92)
NBP is expected to post profit after tax of Rs 4.09 billion (EPS: Rs 1.92) in 1QCY15 compared to Rs 3.14 billion (EPS: Rs 1.48) in the same period last year, depicting surge by 30% YoY. Robust growth in net interest income and non funded income likely key reasons which would escalate earnings growth. Bank likely to record provisions worth of Rs 4.28 billion against Rs 975 million in corresponding period last year would slightly restrict earnings growth. Net interest income (NII) is likely to robustly up by 55% YoY to Rs 13.36 billion versus Rs 8.62 billion in 1QCY14 owing to higher investment in PIBs and increase in earnings assets. Non interest income is expected to increase by 27% to Rs 7.67 billion due to higher fee commission income and gain from sale of securities.
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