Meezan Bank Financial Performance
Key Performance Indicators - Profitability (Unconsolidated)
Last three years average growth in PAT 44% (2019-2022)
MEBL posted growth in profitability even in years where Policy Rate witnessed a decline
Rs in bn
BAN
Meezan Bank
The Premier Islamic Bank
+28%
+58%
Sep 23: +103%
+46%
+69%
+13%
+43%
+13%
+15%
+10%
+11%
+3%
US $ 99 mn
US $ 156 mn
US $202 mn
3.4
3.5
4.0
4.6
5.0
5.6
6.3
9.0
15.2
58.0
22.2
28.4
45.0
2011
2012
2013
2014
2015
2016
2017
Policy Rate
13.45%
11.29%
9.67%
9.94%
7.13%
5.85%
5.75%
2018
7.10%
2019
11.99%
2020
8.95%
2021
7.29%
2022
Sep-23
13.20%
20.25%
Tax rate 39%
Quarterly PBT and PAT
9.2
10.2
10.7
11.8
10.2
10.6
5.5
6.2
6.4
6.9
6.1
6.5
7.0
4.1
PBT
PAT
22.7
18.5
Tax rate 49%
32.0
27.8
36.8
17.2
16.4
14.8
15.1
15.4
11.5
8.8
9.2
7.9
Q1' 20
Q2' 20
Q3' 20
Q4' 20
Q1' 21
Q2' 21
Q3' 21
Q4' 21
Q1' 22
Q2' 22
Q3' 22
Q4' 22
Q1' 23
Q2' 23
50.0
25.5
Q3' 23
September 30, 2023: US $1 = Rs 287.74View entire presentation