Meezan Bank Financial Performance
48% Growth in PAT- Q3' 2023 vs Q2' 2023 (Unconsolidated)
Rs in mn
Meezan Bank
BAN
The Premier Islamic Bank
Profit & Loss Account
Average Policy Rate
Return on financings, investments and placements
Return on deposits and other dues expensed
Q3' 23
Q2' 23
Growth %
22.00%
21.00%
5%
120,832
101,032
20%
(56,765)
(51,500)
10%
Net spread earned
Total other income
Operating income
Operating expenses and other charges
Profit before provisions
Total provisions
Profit before tax
Taxation
64,067
49,532 KN
29%
6,192
5,111
21%
70,259
54,643
N
29%
(19,507)
(16,389)
19%
50,752
38,254
33%
(782)
(1,504)
(48%)
49,970
36,750
36%
(24,519)
(19,588) 1
25%
Profit after tax
US $88 mn / $60 mn
25,451
17,162
48%
Basic Earnings per share (on share capital of Rs 17.9 bn- Rs.)
14.21
9.59
48%
September 30, 2023: US $1 = Rs 287.74
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