National Bank Of Pakistan (NBP): Profitability to be up by +13%QoQ on the back of higher fee income – By IGI Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">NBP is expected to post profit after tax of PKR 4.8bn (or EPS: 2.25 PKR), up by +13%QoQ (or down 11%YoY).</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We foresee the cumulative impact of advances growth on interest income to be larger than the impact of increase in cost of deposit.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Non-interest income is anticipated to be up by +52%QoQ based on volumetric growth in business from the government, while trade related revenue might stagnate.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect taxation to increase by 1.13x and to reduce profit after tax growth to +13%QoQ compared to pr...