BR Research

MEBL rides on strong deposit growth

Published October 15, 2012 Updated October 15, 2012 12:00am

==============================================================
MEEZAN BANK LIMITED
==============================================================
(Rs mn)                               9MCY12    9MCY11     chg
==============================================================
Mark-up Earned                        16,075    13,257     21%
Mark-up Expensed                      (8,235)   (6,368)    29%
Net Markup Income                      7,840     6,890     14%
Provisioning                            (511)   (1,159)   -56%
Net Mark-up income after provisions    7,329     5,731     28%
Other income                           1,878     1,968     -5%
Operating revenues                     9,718     8,857     10%
Other expenses                        (5,272)   (4,421)    19%
Profit before taxation                 3,934     3,278     20%
Profit after taxation                  2,663     2,292     16%
EPS (Rs)                                2.95      2.54
--------------------------------------------------------------
Source: Company Accounts
==============================================================