Meezan Bank has reached a significant milestone by expanding its branch network to 1,015 locations across the country. In the past year alone, the bank has added 32 new branches, pushing its total beyond the one-thousand mark. Looking ahead, Meezan Bank plans to establish an additional 35 branches, aimed at enhancing accessibility to its services…
Karachi, October 23, 2024: The Board of Directors of Meezan Bank has approved the financial statements for the nine months ending September 30, 2024, revealing a significant increase in profits. The meeting, chaired by Riyadh S. A. A. Edrees, saw the bank posted a Profit After Tax (PAT) of Rs 77.5 billion, up from Rs…
KARACHI, October 22 2024: Meezan Bank Limited (MEBL) released its financial results for the third quarter of 2024, reporting earnings of Rs25.8 billion, translating to an EPS of Rs14.4. This marks a 1% year-on-year (YoY) increase, though it reflects a 3% quarter-on-quarter (QoQ) decline. For the first nine months of 2024 (9M2024), the bank’s cumulative…
Islamabad, December 06, 2023: Policy rankings of five leading commercial banks in Pakistan “Benchmarking the Sustainability Policies of Banks in Pakistan,” show all five banks have low policy commitments on climate change, human rights, gender equality, and labour rights, while none disclose policies on nature and tax when lending money to companies. Speaking at the…
Karachi, November 20, 2023 : IBA CEIF in collaboration with Ihsan Trust and Meezan Bank conducted a roundtable discussion on Islamic Social Finance at IBA City Campus. The purpose of the session was to explore how the NGO sector can contribute towards the economic development of Pakistan by using Islamic social finance modes. Another purpose…