Karachi, August 29, 2019: The Board of Directors of Meezan Bank Limited in its meeting, held at Karachi on August 28, 2019 approved the condensed interim unconsolidated financial statements of the Bank and its consolidated financial statements for the half year ended June 30, 2019. The meeting was presided by Riyadh S.A. A. Edrees – Chairman…
Karachi, August 28, 2019: Meezan Bank Limited (MBL) announced Profit After Tax (PAT) of Rs4.1 billion in second quarter of this calendar year (2Q2019). The earning per share of the bank was Rs3.2, up 88 percent year on year on the back of increase in net spread earned; up by 77 percent YoY. The bank…
Karachi, July 31, 2019: Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in the country has recently signed a Memorandum of Understanding with Indus Motor Company Ltd (IMC) – one of the largest automotive manufacturers and distributors in Pakistan, to provide priority delivery of all Toyota variants to Meezan Bank’s customers. The signing ceremony…
Karachi, July 23, 2019: Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in the country has launched the initiative of conducting a country-wide Employee Satisfaction Survey (ESS) on 19th July, 2019. Chaired by the senior management, this launch ceremony was held at its Head Office premises and was attended by the executives and middle management of the…
Karachi, July 19, 2019: Banking sector is most likely to witness robust growth during this fiscal year (FY20) supported by higher interest rates. According to JS Global, outperform stance on banks for CY19 on account of healthy profitability growth driven by recent monetary tightening (1QCY19 Net Interest Income growth: 25 percent YoY), which is expected…
