BR Research

Meezan Bank declares around Rs3.4bn profits for CY11

Published February 21, 2012 Updated February 21, 2012 12:00am

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Meezan Bank Limited
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(Rs mn)                           CY11       CY10      chg
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Profit earned                  18,032      12,291      47%
Return on deposits             (8,666)     (6,606)     31%
Net spread earned               9,366       5,684      65%
Provisioning                   (1,389)     (1,496)     -7%
Net spread after provisions     7,977       4,188      90%
Other income                    2,505       2,475       1%
Operating revenues             11,871       8,159      45%
Other expenses                 (6,126)     (4,536)     35%
Profit before taxation          4,356       2,128     105%
Profit after taxation           3,392       1,650     106%
EPS (Rs)                         4.22        2.05
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Source: Company Accounts