Bank has avoide­d paying divide­nd to shareh­olders in case decisi­on comes agains­t expect­ations­KARACHI: National Bank of Pakistan (NBP) has decided to file a review petition against the Supreme Court’s ruling binding the state-owned bank to pay minimum Rs8,000 as pension to its retired employees. “Pending the decision of review petition, financial impact of the subject case has not been included in the financial statements as the bank looks forward to a favourable outcome of the case,” he said. NBP branch in ChinaAhmad said the higher non-performing loan was not allowing the bank to open its branch in China. On the other hand, the bank cannot remove the non-performing loan from the balance-sheet. “Considering removing the last five-year non-performing loan, the bank is performing better than any foreign bank at world level,” he said.

Source: The Express Tribune February 21, 2018 04:07 UTC