NIB revenue increases by 62% to Rs 3.39b  

KARACHI: NIB recently announced the financial results for the first quarter of 2016.

For the three months that ended on March 31 2016, the bank has posted an operating profit of Rs 1.84 billion compared to an operating profit of Rs 0.56 billion for the same period last year, depicting an increase of 227 percent.

Key highlights for the first three months of the year 2016, compared to the same period last year, include operating profit of Rs 1.84 billion, an increase of 227%, total revenue increasing by 62% to Rs 3.39 billion, gross interest income increasing by 0.4%, non-funded income increasing by 152%, profit after tax of Rs 1,267 million as against profit after tax of Rs 290 million in the first of quarter of 2015.

Source: Press Release

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