If you are already the largest bank in Pakistan, do your financials really matter? On February 24 of this year, the federal government-owned National Bank of Pakistan (NBP) reported massive earnings for the foregone year. The bank’s after-tax net income surged 84%, from Rs15.8 billion in 2019, to Rs30.5 billion in 2020. To put that in perspective, that is the highest net income that NBP reported in the last decade, by a long shot. In a candid interview with Profit, he described a gargantuan bank suffering from severe disorganization, which was plodding along mostly though sheer luck.

Source: Pakistan Today February 28, 2021 09:54 UTC