Daily The Business

chudaihd busty blonde fucks her pink cunt with her bbc toy. alle de pornos turkish ayse. http://www.kittytube.club

Bank of Punjab posts gigantic losses of Rs3.32b after tax in 2017

High NPLs provisions, inordinate administrative expenditures

By M J Hayat

LAHORE: The Bank of Punjab (BoP) has posted a loss after taxation of Rs3.32 billion for the calendar year (CY) 2017 owing to the unreasonably high administrative expenditures of Rs 10.08 billion which is 20 percent additional as compared to the last CY 2016 and provisions against the Non-Performing Loans (NPLs) of Rs 14.13 billion, a BoP annual report indicated.
As per the report, the bank earned markup, return and interest income of Rs 34.45 billion and posted Rs 18.877 billion mark up, return and interest expenses.
Both the income and expenditures showed upward trend as compared to the correspondeing year of 2016, however, the high income showed that the bank earned a good income of Rs 4.776 billion.
On the other hand, the bank incurred additional expenses of Rs1.44 billion when compared with the expenses of previous year 2016.
The annual report further reveals the bank earned total mark up and interest income of Rs1.35 billion excluding provisions against NPLs and other provisions while it earned Rs4.591 billion non markup and interest income, thus making a total of Rs5.947 billion during the year against the income of Rs 16.513 billion.
On the other hand, the bank incurred non-markup expenses of Rs 10.645 billion during the year against the expenses of Rs 8.04billion which are 20 percent up as compared to the corresponding year 2016.
The bank’s administrative expenses have escalated record high.
The non- markup expenses included administrative expenses, provision against other assets, and other charges.
The bank showed loss before taxation of Rs4.697 billion and after taxation the losses reached to Rs 3.32 billion during the year 2017 against the profit of Rs4.858 billion.
The bank’s Earnings Per Share (EPS) dropped to Rs1.62 during the year under review against the same period last year of 2016.
The experts while commenting on the financial position of the bank said the bank needs to control its extravagancy shown in its profit and loss account.
They said the bank may land in further crisis as the incumbent government’s letter of comfort to the State Bank of Pakistan (SBP) will also lose its value if the upcoming government disagree to withstand with the bank and due to the very reason the bank must have to be careful in using its income.
Moreover, the experts also warned the bank on hiring new executives and extending them huge, lucrative salaries even more than that of the bank’s being run on incumbent governmnet’s profits.
They said the negative equity bank is being run on political basis and after the incumbent government concludes its tenure, the bank’s license may be cancelled.
It is also likely the BoP share value drops between Rs 6 to Rs 7 after May 2018, they concluded.

Leave A Reply

Your email address will not be published.

busty perfect blonde rubs clit on webcam.https://pornsocket.cc cumshot ins gesicht schwester.
outstanding beauty fucking and sucking. sexyvideoshd.net mi colita sigue virgen.
freeporn danza hot by blanca gar.