Meezan Bank Financial Performance
103% Growth in PAT- Driven by Volumetric Growth and Higher Benchmark Rates (Unconsolidated)
Profit & Loss Account
September 2023
September 2022
Rs in mn
PAN
Meezan Bank
The Premier Islamic Bank
Growth %
Average Policy Rate
20.25%
12.47%
62%
Return on financings, investments and placements
303,817
153,879
97%
Return on deposits and other dues expensed
(149,171)
(76,730)
94%
Net spread earned
154,646
77,149
100%
Fee and commission and other income
13,366
10,550
27%
Foreign exchange income
2,116
3,867
(45%)
Dividend income and capital (loss) / gain
(314)
629
(150%)
Total other income
15,168
15,046
1%
Operating income
169,814
92,195
84%
Operating expenses and other charges
(50,833)
(34,077)
49%
Profit before provisions
118,981
58,118
105%
Total provisions (GP: Rs. 3.5 bn)
(4,416)
(1,735)
155%
Profit before tax
114,565
56,383
103%
Taxation
(56,528)
(27,787)
103%
Profit after tax
US $202 mn / $99 mn
58,037
28,596
103%
Basic Earnings per share - Rs
32.42
15.98
103%
September 30, 2023: US $1 = Rs 287.74
12View entire presentation