NBP profit falls 24% to around Rs33bn in 1HCY26

According to Mettis Global, National Bank of Pakistan (PSX: NBP) reported a 24% fall in net profit for the six months to June 30, 2026, with earnings after tax dropping to Rs32.84bn from Rs43.08bn a year earlier. Earnings per share came in at Rs15.27 compared with Rs20.05, while total income fell 18% to Rs130.97bn from Rs160.41bn.

The core lending spread was the main drag. Interest earned slid 12% to Rs361.73bn, while interest expense eased only 7% to Rs261.63bn, so net mark-up income shrank 23% to Rs100.10bn. Non-markup income edged up 4% to Rs30.88bn, supported by foreign exchange income that rose 56% to Rs5.52bn.

Provisions added to the pressure. The bank recorded a charge of Rs5.26bn for credit losses and provisions, against a net reversal of Rs5.95bn a year earlier, which pushed pre-tax profit down 27% to Rs68.32bn. Taxation fell 29% to Rs35.48bn, cushioning the decline but not offsetting it fully.