Meezan Bank Financial Performance
20% Growth in Assets Since Sep-2022 - Led by Higher Investments
(Unconsolidated)
Balance Sheet
Sep 2023
Sep 2022
Growth
Dec 2022
Islamic Financing and related assets - Gross
956,699
872,628
84,071
10%
1,018,102 I
Rs in mn AN
Meezan Bank
The Premier Islamic Bank
Growth
(61,403) (6%)
Less: Provisions
(27,638)
(20,289)
(7,349) (36%)
(22,594)
(5,044)
(22%)
Islamic Financing and related assets - net
929,061
852,339
76,722
9%
995,508
(66,447) (7%)
Investments (GoP Sukuk: Rs 1.4 trillion)
1,550,600
1,243,737
306,863
25%
1,283,210
267,390
21%
Due from Fls
34,964
35,964
(1,000)
(3%)
34,964 1
Cash and Bank Balance
199,591
165,601
33,990
21%
131,419
68,172
52%
Others
Total Assets
227,164
149,274
77,890
52%
132,296
94,868
72%
US $ 10.2 bn / $ 8.5 bn
2,941,380
2,446,915
494,465 20%
$ 8.9 bn
2,577,397
363,983
14%
Deposits
2,010,356
Due to Fls
Sub-ordinated Sukuk
Others
Total Liabilities
559,896
1,657,916
505,308
352,440
21%
1,658,490
351,866
21%
54,588
11%
573,326
(13,430)
(2%)
20,990
20,990
195,994
158,906
US $ 9.7 bn / $ 8.1 bn
2,787,236
2,343,120
37,088 23%
444,116 19%
20,990
209,270
$8.5 bn 2,462,076
325,160
(13,276) (6%)
13%
Paid-up Capital
17,913
17,896
17
Reserves / Retained Profit
138,601
85,268
|(Deficit) / Surplus on revaluation of assets - net
(2,370)
631
Total Equity
US $ 536 mn / $ 361 mn
154,144
103,795
53,333 63%
(3,001) (476%)
50,349 49%
17,896 |
98,089
17
40,512
41%
(664) I
(1,706)
257%
$400 mn 115,321
38,823
34%
September 30, 2023: US $1 = Rs 287.74
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