KARACHI - NIB Bank has earned a consolidated profit after tax of Rs 1.6 billion during the nine months ending September 30, 2009. According to banks announcement here Friday, the consolidated profit before tax was estimated at Rs 2.2 billion during the period under review. On a standalone basis, profit before tax was Rs 1.3 billion and a profit after tax was Rs 794 million. Markup earned in the first nine months of 2009 was Rs 2.4 billion (21pc) higher than for the same period in 2008 as a result of balance sheet growth and higher yields on the overall loan book. The Bank also increased its current and savings deposits by over Rs 15 billion during this period. The bank has succeeded in reducing administrative expenses by 9pc in the first nine months of 2009 compared to the first nine months of 2008, despite high inflation and sharp increases in utilities costs. NIB continues to grow its consumer, SME and small business segments, adding nearly 90,000 new customers and disbursed new loans worth over Rs 7 billion during the first nine months of 2009. NIB also selectively increased its activity in the Corporate Banking segment where it disbursed over Rs 9 billion in loans to top tier customers and public sector enterprises.