SBP profit down to Rs234 billion The State Bank of Pakistan (SBP) reported on Wednesday that its consolidated net profit for 2012-13 fiscal year (FY13) fell by 10.3 percent to Rs234 billion as compared to the profit of Rs261 billion in the preceding year, according to the annual consolidated financial results of the central bank for period ended June 30, 2013. The income including discount, interest, markup or return stood at Rs244 billion during the year. The other income of the central bank stood at Rs268 billion a year ago. The income from exchange gains sharply declined to 6.70 billion during FY13 from Rs42.82 billion in the previous fiscal year, it said. However, dividend income saw an increase of Rs16.48 billion from Rs15.6 billion. The administrative and other expenses stood at Rs22.3 billion from the preceding fiscal year’s Rs20.1 billion. The direct operating expenses of the central bank stood at Rs1.72 billion against Rs760 million. This includes agency commission at Rs5.6 billion, while Rs5.68 billion were spent on bank notes printing in FY13. A total of Rs5.6 billion was accounted for currency printing charges during the course of fiscal year 2012-13, according to the State Bank of Pakistan.
Posted on: Thu, 31 Oct 2013 04:29:43 +0000
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