The National Bank of Pakistan (NBP) has reported its highest-ever quarterly profit after tax (PAT) of Rs. 23.3 billion for the third quarter of calendar year 2025 (3QCY25). This translates into earnings per share (EPS) of Rs. 10.83, compared to Rs. 3.1 billion in the same period last year.
According to the bank’s financial results, NBP’s profit for the first nine months of 2025 reached Rs. 66.4 billion, showing a 16-fold increase year-on-year. The strong performance was mainly driven by higher spreads, lower interest expenses, and improved non-funded income.
During the quarter, net interest income rose 74% year-on-year to Rs. 60.7 billion, supported by better margins and a 46% reduction in interest costs. This led to a significant improvement in net interest margins (NIMs), which reached 4.04%, the highest since 3QCY15.
The bank’s non-funded income also showed steady growth, increasing 24% year-on-year to Rs. 6.6 billion. This growth came from higher capital gains and stable foreign exchange income, which increased slightly to Rs. 1.2 billion.
Operating expenses increased marginally by 1% to Rs. 31 billion, but NBP managed to improve its cost-to-income ratio sharply to 40%, compared to 64% a year earlier. The improvement reflects stronger operational efficiency and cost control.
In addition, the bank recorded a provision reversal of Rs. 3.9 billion, compared to a charge of Rs. 2.9 billion last year, further boosting profitability.
On the balance sheet side, NBP’s deposits rose to Rs. 4.2 trillion by September 2025, indicating stable growth and a strong liquidity position. The bank’s effective tax rate stood at 53.4% during the quarter.
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Overall, NBP’s record performance highlights its improved profita
