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Tuesday, February 20th, 2018

KASB Bank Limited’s financial results for the quarter ended March 31, 2012

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Karachi: We have to inform you that the Board of Directors of our Bank in their meeting held on Thursday, April 26, 2012 at 02:00 PM at Karachi recommended the following:

(i) Cash Dividend                                Nil

(ii) Bonus Shares                                Nil

(iii) Right Shares                               Nil

(iv) Any Other Entitlement / Corporate Action    Nil

(v) Any Other Price-Sensitive Information        Nil

The financial results of the Bank are as follows;

31 March

31 March

2012

2011

(Rupees in `000)

Mark-up / return / interest earned

1,534,581

1.167,033

Mark-up / return / interest expensed

(1,079,407)

(1,223,359)

———–

———–

Net mark-up / return / Interest income

455,174

(56,326)

Provision against non-performing loans and advances

(232,495)

(132,797)

Reversal/(Provisional) for diminution in the value of investments

211,904

Bad debts written off directly

(618)

(1,555)

———–

———–

(233,113)

77,552

———–

———–

Net mark-up / return / interest after provisions

222,061

21,226

Non mark-up/ Interest income
Fee, commission and brokerage income

103,297

58,387

Dividend income

4,260

574

Income from dealing in foreign currencies

(55,491)

(5,606)

Gain on sale of securities

16,081

873

Unrealized gain / (loss) on revaluation of investments classified as
held-for- trading

Other Income

16,789

12,433

———–

———–

Total non mark-up / interest income

84,936

66,661

———–

———–

306,997

87,887

Non Mark-Up / Interest Expenses
Administrative expenses

(558,009)

(539,062)

Other provisions / write offs

(10,563)

Other charges

(128)

———–

———–

Total non mark-up I interest expenses

(558,009)

(549,753)

———–

———–

Loss Before Taxation

(251,012)

(451,866)

Taxation-Current

– Prior years

-Deferred

(87,500)

———–

———–

(87,500)

———–

———–

Loss After Taxation

(251,012)

(549,366)

———–

———–

(Rupees in `000)

Loss per share

(0.13)

(0.58)

For more information, contact:
Syed Liaquat Ali
Chief Financial Officer
KASB Bank Limited
Principal Office: Business and Finance Centre,
I.I. Chundrigar Road, Karachi, 74000, Pakistan
Tel: (PABX) 92-21-32446005-10, 32446772-7
UAN: 021-111-555-666
Fax: 92-21-32446828
Web: www.kasb.com

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