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The Assets of NBP Rise to Rs. 6 trillion

At its meeting on October 24, 2023, the Board of Directors approved the NBP results for the nine-month period ending September 30, 2023

After Habib Bank Limited, National Bank of Pakistan became the second bank in the nation’s banking sector to reach the milestone when its assets soared to over Rs. 6 trillion. After ending 2022 with Rs. 5.2 trillion in total assets, the bank now has Rs. 6.6 trillion. NBP is now the biggest bank in Pakistan in terms of total assets as a result. A profit of Rs. 38.2 billion was also reported by the public sector bank, which represents a significant rise of 99.1% over the Rs. 19.2 billion reported during the same period in the prior year.

Strong Financial Performance

The Bank’s impressive financial results are a direct result of its ongoing efforts to support the national agenda by providing finance to key industries and increasing access to financial services for underserved populations.

The Bank’s performance is a result of striking a balance between its history of serving the country and its emphasis on responsible financial management, which has made NBP a bank that its stakeholders can trust.

Increase in Profit

By revealing a profit before tax of Rs 70.6 billion, the Bank showed remarkable success; this is a 46 percent YoY growth over the previous year’s profit of Rs 48.3 billion for 9M’22. Both strong revenue stream performance and efficient cost control were the main drivers of these outcomes.

The Bank’s profit after tax doubled to Rs 38.2 billion, indicating a significant rise of 99.1% over the Rs 19.2 billion in the same period of the previous year, despite a continually challenging environment. As a result, earnings per share ended 9 months of 22 at Rs 17.9, up from Rs 9.0.

Efficient Portfolio

Effective risk management, a solid funding source, a well-balanced portfolio, and sophisticated risk profiles all contributed to this exceptional performance, which was enhanced and sustained in operating performance. With interest rates on the rise, gross interest income saw a YoY gain of 119.4% to conclude at Rs 728.7 billion, a notable increase over Rs 332.2 billion for the same time in 2022. Similarly, the Bank’s cost of funds closed at Rs 608.1 billion, up 141.7 percent YoY. As a result, net interest income ended the year at Rs 120.6 billion, a 49.6% YoY increase.

The Bank achieved total non-fund revenue of Rs 24.7 billion, slightly less than the Rs 25.3 billion of the same 9-month period of the previous year, despite the difficult business environment and poor stock market performance throughout the majority of the review period.

Largest Branch Network

Bank is actively pursuing a significant organisational transformation programme through IT upgrades, digital product enhancements, and initiatives to promote financial inclusion, with a particular focus on commercial and rural segments. The Bank operates one of the largest branch networks in Pakistan, with over 1,500 branches. The Bank has been making headway in resolving legacy concerns in the areas of international franchise, risk management, asset quality, operational performance, and human resources at the same time as its business growth objectives.


Since the bank’s founding in 1949, improving everyone’s access to financial services has been one of its core objectives as the nation’s bank.



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