Nations Trust Bank : Interim Financial Statements 31st December 2021

Bank

Group

Twelve Months ended 31 December

Quarter ended 31 December

Twelve Months ended 31 December

Quarter ended 31 December

2021

2020

Change

2021

2020

Change

2021

2020

Change

2021

2020

Change

Rs. '000

Rs. '000

(%)

Rs. '000

Rs. '000

(%)

Rs. '000

Rs. '000

(%)

Rs. '000

Rs. '000

(%)

Gross Income

38,141,860

40,398,618

(6)

9,991,187

9,707,934

3

38,378,461

40,666,236

(6)

10,044,124

9,759,996

3

Interest Income

28,657,234

32,943,529

(13)

7,604,562

7,050,964

8

28,657,258

32,943,745

(13)

7,604,562

7,050,981

8

Less: Interest Expense

(14,678,428)

(19,339,856)

24

(3,621,494)

(4,210,311)

14

(14,579,618)

(19,271,631)

24

(3,594,269)

(4,195,551)

14

Net Interest Income

13,978,806

13,603,673

3

3,983,068

2,840,653

40

14,077,640

13,672,114

3

4,010,293

2,855,430

40

Fee and Commission Income

6,433,245

5,247,681

23

1,946,450

1,661,768

17

6,669,822

5,515,025

21

1,999,387

1,713,813

17

Less: Fee and Commission Expense

(529,462)

(696,943)

24

(434,271)

(147,637)

(194)

(529,463)

(696,943)

24

(434,272)

(147,637)

(194)

Net Fee and Commission Income

5,903,783

4,550,738

30

1,512,179

1,514,131

(0)

6,140,359

4,818,082

27

1,565,115

1,566,176

(0)

Net Gains/(Losses) from Trading

2,472,443

1,374,961

80

294,075

534,655

(45)

2,472,443

1,374,961

80

294,075

534,655

(45)

Net Fair Value Gains/(Losses) on Financial Assets at Fair

Value through Profit or Loss

9,103

(11,591)

179

3,514

22,729

(85)

9,103

(11,591)

179

3,514

22,729

(85)

Net Gains/(Losses) on Derecognition of Financial Assets at

Fair Value through Other Comprehensive Income

499,932

1,178,117

(58)

(42,029)

715,898

(106)

499,932

1,178,117

(58)

(42,029)

715,898

(106)

Net Other Operating Income/(Loss)

69,903

(334,079)

121

184,615

(278,079)

166

69,903

(334,021)

121

184,615

(278,079)

166

Total Operating Income

22,933,970

20,361,819

13

5,935,422

5,349,986

11

23,269,380

20,697,662

12

6,015,583

5,416,808

11

Impairment Charges/(Reversals)

3,742,158

3,846,621

3

1,245,587

1,181,277

(5)

3,742,158

3,846,621

3

1,245,587

1,177,154

(6)

Loans and Advances

2,990,796

3,418,405

13

929,240

869,514

(7)

2,990,796

3,418,405

13

929,240

869,514

(7)

Guarantees & Commitments

(12,925)

58,680

122

18,236

144,610

87

(12,925)

58,680

122

18,236

144,610

87

Other Financial Assets

764,288

369,536

(107)

298,111

167,153

(78)

764,288

369,536

(107)

298,111

163,030

(83)

Net Operating Income

19,191,812

16,515,198

16

4,689,835

4,168,709

13

19,527,222

16,851,041

16

4,769,996

4,239,654

13

.

Less: Expenses

Personnel Expenses

4,587,018

4,599,031

0

1,022,526

1,352,443

24

4,619,680

4,632,828

0

1,033,780

1,364,121

24

Depreciation of Property, Plant and Equipment

394,030

448,893

12

88,847

108,923

18

436,260

490,988

11

99,370

119,449

17

Depriciation of Right of Use (ROU) Assets

483,961

502,757

4

121,600

114,402

(6)

393,435

412,985

5

98,969

91,959

(8)

Amortization of Intangible Assets

338,913

379,713

11

67,533

89,003

24

339,037

379,899

11

67,564

89,051

24

Other Operating Expenses

3,312,875

3,355,120

1

522,700

873,149

40

3,333,492

3,379,284

1

526,381

879,520

40

Total Operating Expenses

9,116,797

9,285,514

2

1,823,206

2,537,920

28

9,121,904

9,295,984

2

1,826,064

2,544,100

28

Operating Profit before Taxes on Financial Services

10,075,015

7,229,684

39

2,866,629

1,630,789

76

10,405,318

7,555,057

38

2,943,932

1,695,554

74

Less: Value Added Tax (VAT) on Financial Services

1,984,686

1,495,525

(33)

591,098

356,664

(66)

1,985,444

1,496,239

(33)

591,315

356,718

(66)

Profit before Income Tax

8,090,329

5,734,159

41

2,275,531

1,274,125

79

8,419,874

6,058,818

39

2,352,617

1,338,836

76

Less: Income Tax Expense

1,683,846

1,935,475

13

662,397

379,432

(75)

1,726,345

2,003,859

14

673,964

392,237

(72)

Profit for the Period

6,406,483

3,798,684

69

1,613,134

894,693

80

6,693,529

4,054,959

65

1,678,653

946,599

77

Profit Attributable to:

Equity Holders of the Parent

6,406,483

3,798,684

69

1,613,134

894,693

80

6,693,529

4,054,959

65

1,678,653

946,599

77

Non-Controlling Interests

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share

Basic/Diluted Earnings Per Share (Rs.)

21.25

12.60

69

5.35

2.97

80

22.20

13.45

65

5.57

3.14

77