National Bank of Pakistan earns Rs53bn

KARACHI: The National Bank of Pakistan (NBP) on Thursday informed its shareholders that its profit-after-tax (PAT) surged by over 72 per cent to Rs53.32 billion (earnings per share at Rs24.96) in 2023 from Rs30.95bn in 2022. However, the board of directors did not recommend any cash dividend. The bank informed the shareholders that the profit soared due to a massive increase in interest income to Rs169.36bn in 2023 compared to Rs117bn in 2022.