www.vustudents.ning.com mba (finance). internship report national bank of pakistan
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Brief Introduction of the Organization
Overview of business •1949
•Start work at micro level
•Single largest public bank
•Role play in the development of economy
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Business volume I observed all the financial indicators are in
growing trend
Items 2007 2008 2009
Total assets 762194 817758 944233
Deposits 591907 624.939 726,465
Advance-net 340,319 412.987 475,243
Investment-net 211,146 170.822 217,643
Shareholder’s equity
69,271 81.367 94,792
Pre tax profit 28,061 23,001 22,300
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Competitors of National Bank of Pakistan
All Commercial banks like (, HBL MCB , ABL etc.)
Islamic banks like (Meezan Bank, Bank Islami, etc)
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Training Program
.
I have got training in major 3 departments during my internship . Account opening department Remittance department Clearing department
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Account opening department
I had worked in this department 2 weeks I opened the current account, PLS account I have filled the KYC and also posted the
confirmation letter to customers.
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I had worked in this department 2 weeks I have learned the procedure theoretically of
Pay Order, Demand Draft,etc. I also fill the Pay Order and Demand Draft slips It was my duty to issue the cheque books.
Remittance department
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Clearing department
I had worked in this department 2 weeks It was my duty to enter all the in-ward clearing
cheques in-word “clearing register.” It was also include in my duties to enter all the
out-ward clearing cheques in-out word “clearing register.”
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Structure of Finance Department
Hierarchy of NBP of Finance Department
SVP Finance
President
GM Finance
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Structure of Finance Department
Finance & accounting operations
Almost 1000 employees are working and handle lots of assignments. Preparation of budget Investment decision Budget allocation Assets and liability management Handling the accounting matters
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Function of Finance Department
Accounting system of Organization NBP use the “double entry system”
NBP use “BBO” and “EBS “software to generate the electronic data
NBP raise funds from different sources like deposit, borrowing from other institution and equity
NBP allocate the source of funds in loan, reserves, investment,
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Ratio Analysis
Ratio Analysis
National Banks of Pakistan
Year 2007 Year 2008 Year 2009
Current Ratio
646,338,217 / 588,363,674
=1.098
690,313,112 / 635,158,077
= 1.086
1,059,935,515 / 737,085,994
= 1.438
Ratio Analysis
0
0.5
1
1.5
2007 2008 2009
currentratio
Current Ratio is showing Mixed trend
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Ratio Analysis
Ratio Analysis
National Banks of Pakistan
Year 2007 Year 2008 Year 2009
Working Capital
646,338,217 -
588,363,674 =57,974,543
690,313,112 -635,158,077
= 55,155,035
1,059,935,515 - 737,085,994
= 322,849,521 0
100000000
200000000
300000000
400000000
2007 2009
WorkingCapital
3-D Column2
3-D Column3
Working Capital is showing Mixed trend
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Ratio Analysis
Ratio AnalysisNational Banks of Pakistan
Year 2007
Year 2008
Year 2009
Sales to working capital
50569481 / 57973547
=87.22
60942798 /
55,155,035
= 110.5
77947697 /
322,849,521 = 24.14
0
20
40
60
80
100
120
2007 2008 2009
Sales toworking capital
3-D Column 2
3-D Column 3
Working Capital is showing Mixed trend
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Ratio Analysis
National Banks of Pakistan
Year 2007 Year 2008 Year 2009
Debt to equity
ratio
1,235,301,130 /
69,270,631 =17.832
135388232/9670595
= 13.90
1,607,040,516 / 94,791,919
= 16.953
0
2
4
6
8
10
12
14
16
18
2007 2008 2009
East
3-D Column 2
3-D Column 3
It is showing Mixed trend
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Ratio Analysis
National Banks of Pakistan
Year 2007 Year 2008 Year 2009
Debt to total
assets 1,235,301,130 / 762,193,593
= 1.620
1390916111 / 817758326
= 1.700
1,607,040,516 / 944,232,762
= 1.701
Debt to total assets trend is increasing
1.56
1.58
1.6
1.62
1.64
1.66
1.68
1.7
1.72
2007 2008 2009
East
3-D Column 2
3-D Column 3
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Ratio Analysis
National Banks of Pakistan
Year 2007
Year 2008
Year 2009
Fixed asset to equity ratio
25,922,979 /
8,154,319 = 21.03
24,217,655 /81,367,002
= 23.6
25,147,192 /
94,791,919 =
22.2
Fixed asset to equity ratio has mixed trend
19.5
20
20.5
21
21.5
22
22.5
23
23.5
24
2007 2008 2009
Fixed asset toequity
3-D Column 2
3-D Column 3
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Ratio Analysis
National Banks of Pakistan
Year 2007 Year 2008 Year 2009
Net profit
margin
19,033,773 /50,569,481 *100
= 37.6388 %
= 15,458,590 / 60,942,798 *100
= 25.365 %
= 18,211,846 / 77,947,697 *100
= 23.364 % 0
5
10
15
20
25
30
35
40
2007 2008 2009
Net Profit
3-D Column 2
3-D Column 3
It is showing decreasing
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Ratio AnalysisNational Banks of Pakistan
Year 2007 Year 2008 Year 2009
Return on asset:
= 19,033,773 / 762.193,593 *100
= 2.497 %
= 15,458,590 / 817,758,326 *100
= 1.890 %
= 18,211,846 / 944,232,762 *100
= 1.928 %
0
0.5
1
1.5
2
2.5
2007 2008 2009
Return NonAssest
3-D Column 2
3-D Column 3
It is showing Mixed Trend
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Ratio Analysis
National Banks of Pakistan
Year 2007 Year 2008 Year 2009
Return on Equities
= 19,033,773 / 69,270,631 *100
= 27.477 %
= 15,458,590 / 81,367,002 *100
= 18.998 %
= 18,211,846 / 94,791,919 *100
= 19.212 %
0
5
10
15
20
25
30
2007 2008 2009
Return onEquite
3-D Column 2
3-D Column 3
It is showing Mixed Trend
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Ratio AnalysisNational Banks of Pakistan
Year 2007 Year 2008 Year 2009
Total Asset turn over
ratio
= 50,569,481 / 762,193,593
= 0.0663 Times
= 60,942,798 / 817,758,326
= 0.07452 Times
= 77,947,697 / 944,232.762
= 0.0825 Times
0
0.01
0.02
0.03
0.04
0.05
0.06
0.07
0.08
0.09
2007 2008 2009
Total Assets
3-D Column 2
3-D Column 3
It is showing Increasing Trend
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Ratio Analysis
National Banks of Pakistan
Year 2007 Year 2008 Year 2009
Fixed asset turn over:
= 50,569,481 / 25,922,979
= 1.950 Times
= 60,940,798 / 24,217,655
= 2.516 Times
= 77,947,697 / 25,147,192
= 3.099 Times
0
10
20
30
40
50
60
70
80
90
2007 2008 2009
Fexed AssetsTo turn over
3-D Column 2
3-D Column 3
It is showing increasing trend
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Ratio AnalysisNational Banks of Pakistan
Year 2007 Year 2008 Year 2009
Earning per Share
= 19,033,773 / 8,154,319
= 21.22 per share
= 15,458,590 / 81,367,002
= 14.36 per share
= 18,211,846 / 94,791,919
=16.92 per share
0
10
20
30
40
50
60
70
80
90
2007 2008 2009
EPS
3-D Column 2
3-D Column 3
It is showing Increasing Trend
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Ratio Analysis
National Banks of Pakistan
Year 2007 Year 2008 Year 2009
Cash Flow Ratios
= 78,804,419 /1,235,301,130 *100
= 6.379 %
= 2,532,681 / 1,390,916,111 *100
==0.182 %
= 45,451,673 / 1,607,040,516 *100
= 2.828 %
0
1
2
3
4
5
6
7
2007 2008 2009
Cash flowratios
3-D Column 2
3-D Column 3
It is showing Mixed Trend
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Horizontal analysisNBP Balance SheetHorizontal Analysis for 3 years
2007% 2008 % 2009 %
Assets
Cash and balances with treasury bank 100 112.259 122.087
Balances with other bank 100 102.3264 75.80309
Lending to finance department 100 79.79665 91.25339
Investment 100 80.90253 103.0769
Advances 100 121.3529 139.6465
Operation fix assets 100 93.42157 97.00734
Differed assets 100 100 100
Other assets 100 143.7341 191.3744
Total Assets 100 107.2901 123.8836
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Horizontal analysisNBP Balance Sheet
Horizontal Analysis for 3 yearsLiabilities %
Bills payable 100 144.7069 150.401
Brewing 100 374.094 418.6537
Deposits and other accounts 100 105.5805 122.7328
sub ordinate loans
Liabilities against Assets subject to Finance 100 75.32336 127.046
Differed tax Liabilities 100 0 0
other Liabilities 100 128.1732 136.6179
Total Liabilities 100 110.7521 127.6874
Net Assets
Share Capital 100 110 132
Reserves 100 126.4322 143.8088
Unappropriated Profited 100 115.6845 135.2908
Surplus on Revaluation of assets 100 #VALUE! 52.61531
Net Capital 100 88.07056 102.7667
Owner Equity+ Liabilities 100 107.2901 123.8836
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Horizontal AnalysisNBP Income Statement
Horizontal Analysis for 3 years
% 2007% 2008 2009
Marks ,returns, interest earned 100 120.513 154.1398
Markup, return, interest expense 100 140.9962 233.1147
Net markup 100 110.1951 114.3582
Provision against non performing advances 100 224.2934 233.819
Provision against of balance sheet obligations 100 -927.373 -1504.74
Provision against
Bad debts written off directly 100 0 0
100 232.2979 247.0885
Net mark up 100 90.24615 92.67291
Non Mark up ,interest income
Fee, commission and brokage income 100 116.8644 131.684
Dividend income 100 88.22295 58.84742
Income from dealing in foreign currencies 100 380.6055 290.3804
Gain of sale and redemption of Security 100 16.88639 196.0932
Unrealized gain 100 -5.34038 -7.36766
Other Income 100 845.1029 374.7318
Total Non Markup 100 121.1964 140.462
100 100.1213 107.9208
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Horizontal AnalysisNBP Income Statement
Horizontal Analysis for 3 years
NON Mark Up / Interest Expenses
Administrative Expense 100 127.9129 158.8879
Other Provision 100 444.8815 369.4525
Other Charges 100 3404.462 1876.149
Total Non Mark Up/Interest Expenses 100 135.5151 163.3922
Extra ordinary/Unusual Item
Profit Before Taxation 100 81.96931 79.47176
Taxation- Current 100 141.5226 0
Prior Period 100 0 -1055.76
Deferred 100 -1303.63 -308.869
100 83.55639 45.29135
Profit After Taxation 100 81.21664 95.68174
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Vertical analysis for 3 years1
Balance Sheet Items Change
%2009 Change
%2008 Change
%2008
Assets
Cash and balances with treasury banks
12.266 115,827,868
13.023 106,503,756
12.447 94,873,249
Balances with other banks
3.008 28,405,564
4.688 38,344,608
4.916 37,472,832
Lending to financial institutions
2.074 19,587,176
2.094 17,128,032
2.816 21,464,600
Investments - net 23.049 217,642,822
20.889 170,822,491
27.702 211,146,038
Advances - net 50.331 475,243,431
50.502 412,986,865
44.649 340,318,930
Operating fixed assets
3.663 25,147,192
2.961 24,217,655
3.401 25,922,979
Deferred tax assets 0.324 3,062,271 0.391 3,204,572 4.066 30,994,965
Others assets - net 6.281 59,316,438
5.447 44,550,347
4.066 30,994,965
Total Assets 100% 944,232,762
100% 817,758,326
100% 762,193,593
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Vertical analysis for 3 years Balance Sheet2
items Change%
2009 Change%
2008 Change%
2008
Libilities
Bills payable 1.124 10,621,169
1.249 10,219,061
0.926 7,061,902
Borrowings 4.795 45,278,138
4.947 40,458,926
1.418 10,815,176
Deposits and other accounts
76.937 726,464,825
76.420 624,939,016
77.658 591,907,435
Sub ordinated loan
Liabilities against assets subject to finance lease
4.514 42,629 1 3.090 25,274 4.402 33,554
Deferred tax liabilities - net 0.668 5,097,831
Other liabilities 4.476 42,269,623
4.849 39656,831
4.059 30,940,041
T. Liabilities 87.338 824,676,384
87.470 715,299,108
84.736 645,855,939
Total Assets 119,556,378
102,459,218
116,337,654
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Vertical AnalysisNBP Income Statement
Vertical Analysis for 3 years
Share capital 1.139 10,763,702
1.096 8,969,751
1.069 8,154,319
Reserves 2.402 22,681,707
2.438 19,941,047
2.069 15,772,124
Unappropriated profit 6.496 61,346,510
6.414 52,456,204
5.949 45,344,188
Total Equity 10.039 94,791,919
9.950 81,367,002
9.088 69,270,631
Surplus on revaluation of assets - net of tax
2.622 24,764,459
2.579 21,092,216
6.175 47,067,023
Total Liabilities & Equity
100 % 944,232,762
100% 817,758,326
100% 762,193,593
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Vertical AnalysisNBP Income StatementVertical Analysis for 3 years
NON Mark Up / Interest Expenses
Administrative Expense 22571470 18171198 14205911
Other Provision 620780 747521 168027
Other Charges 321647 583661 17144
Total Non Mark Up/Interest Expenses 23513897 19502080 14391079
Extra ordinary/Unusual Item
Profit Before Taxation 22300173 23000998 28060501
Taxation- Current 11762650 8311500
Prior Period -4133282 391497
Deferred -999904 -4220242 323731
4088327 7542408 9026728
Profit After Taxation 18211846 15458590 19033773
Unappropriated Profit 52456204 45344188 32074677
Transfer from Surplus on revaluation 123934 130456 39007
Profit Available for appropriate 70791984 60933234 51147457
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Industry Analysis1. Earning Per Share
Earning Per Share
2009 Rs 2008 Rs 2007 Rs
Bank Alfalah 0.24 0.38 1.04
Meezan Bank 0.98 0.82 1.70
Allied Bank 1.7 1.12 1.27
National Bank of Pakistan
16.92 14.36 21.22
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Industry Analysis2.Net Profit Margin
Net Profit Margin 2009 % 2008 % 2007 %
Bank Alfalah 2.86 5.8 17.59
Meezan Bank 8.76 8.27 16.27
Allied Bank 50.30 40.47 48.14
National Bank of Pakistan 23.36 25.36 37.63
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Industry Analysis3. Return on Assets
Return on Assets2009 2008 2007
Bank Alfalah 0.24 0.38 1.04
Meezan Bank 0.98 0.82 1.70
Allied Bank 1.7 1.12 1.27
National Bank of Pakistan 1.93 1.89 2.49
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Industry Analysis4.Return on Equity
Return on Equity2009 % 2008 % 2007 %
Bank Alfalah 5.22 9.17 25.72
Meezan Bank 13.29 10.30 3.39
Allied Bank 23.89 18.41 2.05
National Bank of Pakistan 19.22 18.99 27.48
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Industry Analysis5.Debt to Equity
Debt to Equity2009 2008 2007
Bank Alfalah 0.06 0.05 0.052
Meezan Bank 12.5 13.27 10.77
Allied Bank 12.98 15.48 15.11
National Bank of Pakistan 16.95 13.90 17.83
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Industry Analysis6.Debt to Total Assets
Debt to Total Assets2009 2008 2007
Bank Alfalah 94.3% 95.1% 95.06%
Meezan Bank 92.60% 92.99% 91.50%
Allied Bank 92.85% 93.93% 93.79%
National Bank of Pakistan 1.70% 1.70% 1.62%
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Industry Analysis7.Assets Turn over Ratio
Assets Turn over Ratio2009 2008 2007
Bank Alfalah 0.176 0.019 0.021
Meezan Bank 0.081 0.080 0.068
Allied Bank 0.033 0.027 0.026
National Bank of Pakistan 0.082 0.074 0.066
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Industry Analysis8.Gross profit margin
Gross profit margin2009 % 2008 % 2007 %
Bank Alfalah 30.67 % 3.32 % 35.54 %
Meezan Bank 50.80 % 54.61% 46.39%
Allied Bank 45.51% 43.58% 52.74%
National Bank of Pakistan 66.50% 60.80% 49.34%
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Future prospectus of NBP NBP higher management has set the future goal that NBP will issue the GDR to raise source of finance.
Increasing trend in NBP assets, profits. liability which will make more strong financial health of the NBP.
The bank will also participate in the multinational projects which NBP can make more profit.
NBP will also introduce the more social schemes with the co-ordination of Govt which will enhance more market value of the bank.
More future growth will be expected in NBP source of fund ,investment and assets because all the financial indicators of NBP are in positive direction.
Policies, strategy has revised according to desire of modern consumer demand.
A SWOT (Strengths, Weaknesses, Opportunities, and Threats) is a tool used to provide a general or detailed snapshot of a company's health.
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SWOT Analysis of the Organization
•Government Bank•Strong liquidity position of the bank due to large portfolio of deposit.•A variety and multiple source of fund like Govt accounts , Govt institutional account etc.•Good market repute and better rating.•All financial indicators of NBP are in positive increasing trend.•Qualified and experienced stall is major strength •Sound financial policies •Successful history•All kinds of government payments done by NBP.
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Weakness • Finance depart provide financing to Govt at very cheaper rate.• Provide lending to political persons due to this it increase non
performing loans of NBP.• Working Environment is so complex • Information system of NBP is so poor condition. In this modern
age NBP 80% is taking manual basis. • Product delivery process is so complex and lengthy. • Poor relationship with customers.• Poor marketing strategy • Delay in investment decisions due to government bank.• More load of work due to shortage of employees.• These are only few weaknesses mansion. If National Bank of
Pakistan will over come all it. NBP can become the leader of market.
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Opportunity
NBP has open many opportunities for its growth. NBP current management has boarder vision. They have taken steps to improve customer services to achieve objectives.
NBP has opportunity to Expand the Islamic banking. NBP has a Opportunities to open new branches in the
foreign countries Opportunity can raise the finance through the issuance of the
bounds These actions taken by current management provide a great
opportunity for NBP for making it future prosper and can make NBP not less than any modern commercialize bank in Pakistan.
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Threats
Attentive competition in the banking sector Law and order situation in the country. Thereat from Govt regularity body and policy. In NBP facing the market risk due to the
political and economical situation in the country. Threats from NBP employ union and
association.
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Conclusion
I have reached conclusion on the basis of SWOT and critical analysis.
NBP is a public leading bank. it provides all types of product and services to all class of the society. Bank has some strength liquidity poison, large portfolio of deposits etc which differentiate the NBP from other competitors
The bank is not well managing the counter rush and take late financial decisions. It is damaging the market value of NBP. If high management of NBP curtails all type of weakness and overcomes challenges. It will become again leader in the banking industry.
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Recommendations• I have suggests the few advises to high management of NBP
on the basis of critical and SWOT analysis• NBP high management should introduce policy. In which loans
not given to the political persons.• High Management should make decision to open the new
branches in the foreign countries which will enhances the source of fund and profit of the bank
• High management should review credit policy it should be flexible to the needy person.
• High management should be introduced more innovative schemes which will enhance the more market value of NBP.
• The NBP high management should investment funds in the power supply projects.
• NBP high management should rapidly introduce E-banking system in NBP.
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Vertical analysis for 3 years Balance Sheet
Items Change% 2009 Change% 2008 Change% 2008
Assets
Cash and balances with treasury banks
12.266 115,827,868
13.023 106,503,756
12.447 94,873,249
Balances with other banks
3.008 28,405,564 4.688 38,344,608 4.916 37,472,832
Lending to financial institutions
2.074 19,587,176
2.094 17,128,032
2.816 21,464,600
Investments - net 23.049 217,642,822 20.889 170,822,491 27.702 211,146,038
Advances - net 50.331 475,243,431 50.502 412,986,865 44.649 340,318,930
Operating fixed assets 3.663 25,147,192 2.961 24,217,655 3.401 25,922,979
Deferred tax assets 0.324 3,062,271 0.391 3,204,572 4.066 30,994,965
Others assets - net 6.281 59,316,438 5.447 44,550,347 4.066 30,994,965
Total Assets 100% 944,232,762 100% 817,758,326 100% 762,193,593
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Vertical analysis for 3 years Balance Sheet
items Change% 2009 Change% 2008 Change% 2008
Libilities
Bills payable 1.124 10,621,169 1.249 10,219,061 0.926 7,061,902
Borrowings 4.795 45,278,138 4.947 40,458,926 1.418 10,815,176
Deposits and other accounts
76.937 726,464,825 76.420 624,939,016 77.658 591,907,435
Sub ordinated loan
Liabilities against assets subject to finance lease
4.514 42,629 1 3.090 25,274 4.402 33,554
Deferred tax liabilities - net
0.668 5,097,831
Other liabilities 4.476 42,269,623 4.849 39656,831 4.059 30,940,041
T. Liabilities 87.338 824,676,384 87.470 715,299,108
84.736 645,855,939
Total Assets 119,556,378
102,459,218
116,337,654
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Vertical analysis for 3 years Balance Sheet
Share capital 1.139 10,763,702 1.096 8,969,751 1.069 8,154,319
Reserves 2.402 22,681,707 2.438 19,941,047 2.069 15,772,124
Unappropriated profit 6.496 61,346,510 6.414 52,456,204 5.949 45,344,188
Total Equity 10.039 94,791,919 9.950 81,367,002 9.088 69,270,631
Surplus on revaluation of assets - net of tax
2.622 24,764,459 2.579 21,092,216 6.175 47,067,023
Total Liabilities & Equity 100 % 944,232,762 100% 817,758,326
100% 762,193,593
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items Change%
2009 Change%
2008 Change%
2007
Mark-up /return / interest earned 100% 77,947,697
100% 60,942,798
100% 50,569,481
Mark-up /return / interest expensed
50.661 39,489,649
39.192 23,884,768
33.498 16,940,011
- Net mark-up/Interest income 49.338 38,458,048
60.807 37,058,030
66.501 33,629,470
Provision against non-performing advances
14.167 11,043,469
17.382 10,593,565
9.339 4,723,084
provision for diminution in the value of investments
0.776 605,629
0.612 373,249
(.0795)
(40,248)
Inappropriate profit B/F 67.296 52,456,204
74.404 45,344,188
63.426 32,074,677
Transfer from surplus on revolution of fixed assets on account of incremental depreciation
0.158 123,934 0.214 130,456 0.077 39,007
Profit available for appropriation 90.819 70,791,984
99.984 60,933,234
101.14 51,147,457
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Vertical AnalysisNBP Income Statement(1/3)Vertical Analysis for 3 years
items Change% 2009 Change% 2008 Change% 2008
Non Mark-up/Interest Income
Fee, commission and brokerage income
11.456 8,930,391 13.004 7,925,370 13.410 6,781,683
Dividend income 2.463 1,920,336 4.723 2,878,932 6.452 3,263,246
Income from dealing in foreign currencies
3.884 3,028,165 6.512 3,969,057 2.062 1,042,827
Gain on sale of securities - net
5.890 4,591,894 0.648 395,427 4.630 2,341,690
Unrealized loss on revaluation of investment classified as held for trading
3.021 2,355 2.800 1,707 0.063 31,964)
Other income - net directly
0.708 552,216 2.043 1,245,369 0.291 147,363
Total non mark up / interest income
24.407 19,025,357 2.694 16,41,862 26.784 13,544,845
58.775 67 45,814,070 69.742 42,503,078 83.947 42,451,580
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NBP Income Statement(2/3)Vertical Analysis for 3 years
items Change%
2009 Change% 2008 Change%
2007
Non Mark-up/Interest
Expenses Administrative expenses 28.957 22,571,470 29.816 18,171,1
98 28.091 14,205,9
11
other provision/write offs 0.796 620,780 1.226 747,521 0.332 168,027
Other charges 0.412 321,647 0.957 583,361 0.033 17,141
Total non mark up / interest expenses
30.166 23,513,897 32.000 19,502,080
28.458 14,205,911
Profit before taxation 28.609 22,300,173 37.741 23,000,998
55.489 28,060,501
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NBP Income Statement(3/3)Vertical Analysis for 3 years
items Change%
2009 Change%
2008 Change%
2007
Taxation - Current 11.83 9,221,513 19.301 11,762,650
16.435 8,311,500
Prior years -5.302 (4,133,282)
0.774 391,497
- Deferred 1.282 (999,904) -6.92 (4,220,242)
0.640 323,731
5.244 4,088,327 123.95 75,542,408
Profit after Taxation 23.364 18,211,846
25.365 15,458,590
37.638 19,033,773
Inappropriate profit B/F 67.296 52,456,204
74.404 45,344,188
63.426 32,074,677
Transfer from surplus on revolution of fixed assets on account of incremental depreciation
0.158 123,934 0.214 130,456 0.077 39,007
Profit available for appropriation
90.819 70,791,984
99.984 60,933,234
101.14 51,147,457
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