National Bank Of Pakistan (NBP): Skips dividend on potential hit from pension case – by JS Research
<p><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">National Bank of Pakistan (NBP) held its analyst briefing
yesterday to discuss the financial results for 2017, where the bank posted 1%
YoY higher EPS of Rs10.82. In the 4Q2017, EPS clocked in at Rs3.91, down 11%
YoY, however higher by 35% QoQ.</span></p><p><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The bank did not announce any cash payout with the result,
due to concerns pertaining to potential financial impact of the ongoing pension
case, therefore prudently securing its capital base, where the bank’s Tier II
CAR stands at 15.59% as at 2017 end.</span></p><p><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The management has mentioned that there is possibility of
the pension case impact to be lo...
