Meezan Bank Financial Performance
P&L Statement
2016
Unconsolidated Profit & Loss Statement: 2016 - Sep 2023
2020
Meezan Bank
The Premier Islamic Bank
Rs in Bn ANY
2017
2018
2019
2021
2022
Sep 2023
Policy rate
6.00% - 5.75%
5.75%
5.75% -10.00%
10.00% 13.25%
13.25% -7.00% 7.00%-9.75% 9.75% - 16.00% 16% -22%
Policy rate - Average
5.85%
5.75%
7.10%
11.99%
8.95%
7.29%
13.20%
20.25%
Profit/return earned
31,027
36,427
48,625
94,270
106,589
110,073
232,121
303,817
Profit on deposits & others
(13,239)
(15,684)
(20,457)
(47,731)
(41,740)
(41,152)
(110,417) (149,171)
Net Spread earned
17,788
20,743
28,168
46,539
64,849
68,921
121,704 154,646
Other income
5,724
7,624
7,462
9,320
10,072
14,892
19,103 15,168
Total Revenue
23,512
28,367
35,630
55,859
74,921
83,813
140,807 169,814
Operating Expense
(14,787)
(16,832)
(19,670)
(25,522)
(29,775)
(35,324)
(48,245) (50,833)
Profit Before Provisions
8,725
11,535
15,960
30,337
45,146
48,489
92,562 118,981
Total reversals (provisions)
218
(1,283)
(1,168)
(4,186)
(8,210)
(993)
(4,177) (4,416)
Profit Before Provisions
8,943
10,252
14,792
26,151
36,936
47,496
88,385
114,565
Taxation
(3,381)
(3,939)
(5,830)
(10,919)
(14,770)
(19,141)
(43,378) (56,528)
Profit After Tax
5,562
6,313
8,962
15,232
22,166
28,355
45,007 58,037
YoY Growth
11%
14%
42%
70%
46%
28%
59%
103%
35% (C) &
50% (C) &
60% (C) &
60% (C) &
85% (C) &
Dividend per share - Rs
30% (C)
30% (C)
120% (C)
10% (B)
10% (B)
10% (B)
15% (B)
10% (B)
Dividend per share - Total
30%
30%
45%
60%
70%
75%
95%
120%
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