National Bank of Pakistan (NBP) posted record quarterly profit after tax (PAT) of Rs. 23.3 billion for 3QCY25, translating into earnings per share (EPS) of Rs. 10.83, a sharp rise from Rs. 3.1 billion in the same period last year.
This lifted 9MCY25 profit to Rs. 66.4 billion, marking a 16-times year-on-year increase, mainly driven by stronger spreads, lower interest expense and better non-funded income.
Net interest income rose 74 percent year-on-year to Rs. 60.7 billion in 3QCY25, helped by improved spreads and a 46 percent drop in interest expense.
This resulted in a significant improvement in net interest margins (NIMs), which reached 4.04 percent, the highest level since 3QCY15.
Non-funded income also posted a strong growth of 24 percent year-on-year to Rs. 6.6 billion, supported by higher capital gains and steady FX income, which increased 1 percent to Rs. 1.2 billion.
Operating expenses increased slightly by 1 percent to Rs. 31 billion. However, the bank’s cost-to-income ratio improved sharply to 40 percent, compared to 64 percent in 3QCY24, reflecting strong operating leverage.
NBP recorded a reversal of provisions of Rs. 3.9 billion during the quarter, compared to a charge of Rs. 2.9 billion last year.
On the balance sheet, the bank continued to maintain stability, with deposits rising to Rs. 4.2 trillion as of September 2025.
NBP’s effective tax rate stood at 53.4 percent in 3QCY25.
