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Samba Bank Limited’s board meeting-sixty third board of directors meeting results for the audited accounts of the bank for the year ended December 31, 2012

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Karachi, February 20, 2013 (PPI-OT): We are pleased to inform you that the Board of Directors at their meeting held on Wednesday, 20th February, 2013, at 12:00 noon, at its Head Office, 6th Floor, Sidco Avenue Centre, M.D.M Wafai Road, Karachi, have approved the Audited Accounts of the Bank for the year ended December 31, 2012, showing the following profit and loss account results:

2012

2011

(Rupees in ‘000)

Mark-up/return/interest earned

3,054,034

3,352,186

Mark-up/ return / interest expensed

1,721,825

1,943,845

———

———

Net mark-up/ return/ interest income

1,332,209

1,408,341

Reversal of provision against loans and advances-net

(86,607)

(44,667)

Provision for diminution in the value of investments

Recoveries against debts written-off

(3,993)

(1,537)

———

———

(90,600)

(46,204)

———

———

Net mark-up/ return / interest income after provisions

1,422,809

1,454,545

Non mark-up / interest income

73,851

63,726

Fee, commission and brokerage income

1,379

2,453

Dividend Income

38,235

18,749

Income from dealing in foreign currencies

37,023

20,114

Gain on sale of securities – net

9

Unrealised gain on revaluation of investments classified as held for trading

4,008

47,355

———

———

Other income

154,606

152,397

———

———

Total non mark-up / interest income

1,577,314

1,606,942

Non mark-up/ interest expenses

1,458,244

1,397,432

Administrative expenses

(46,110)

8,579

Other provisions / write offs – net

1,146

37

———

———

Other charges

1,413,280

1,406,048

———

———

Total non mark-up/ interest expenses

164,034

200,894

Extraordinary items/unusual items

———

———

Profit before taxation

164,034

200,894

Taxation – Current year

16,040

36,566

– Prior years

(165,892)

(226,493)

– Deferred

13,000

154,306

———

———

(138,852)

(36,621)

———

———

Profit after taxation

300,886

238,515

Accumulated losses brought forward

(6,252,347)

(6,441,559)

Transfer to statutory reserve

(60,178)

(47,303)

———

———

Accumulated losses carried forward

(6,011,639)

(6,252,347)

———

———

(Rupees)

Earning per share

0.21

0.16

For more information, contact:
Samba Bank Limited
6th Floor, Sidco Avenue Centre,
Maulana Deen Muhammad Wafai Road,
Saddar, Karachi.
UAN: +92-21-111-999-333,
Fax: +92-21-35685442,
Web: www.samba.com.pk

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