BR Research

Meezan Bank prospering

Published April 18, 2012 Updated April 18, 2012 12:00am

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Meezan Bank Limited
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Rs (mn)                        1QCY12    1QCY11     chg
Profit earned                  5,002     3,960      26%
Return on deposits            (2,516)   (2,034)     24%
Net spread earned              2,486     1,926      29%
Provisioning                    (194)     (304)    -36%
Net spread after provisions    2,292     1,622      41%
Other income                     799       650      23%
Operating revenues             3,285     2,576      28%
Other expenses                (1,743)   (1,371)     27%
Profit before taxation         1,348       901      50%
Profit after taxation            903       586      54%
EPS (Rs)                        1.00      0.65
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Source: Company Accounts