September 30, 2016 9:14 AM ET

Banks

Company Overview of Meezan Bank Limited

Company Overview

Meezan Bank Limited, an Islamic bank, provides corporate, commercial, consumer, investment, and retail banking services. The company operates through Corporate Finance, Trading and Sales, Retail Banking, Corporate and Commercial Banking, Agency Services, and Payment and Settlement segments. The Corporate Finance segment provides investment banking, syndications, IPO related services, secondary private placements, underwriting, and securitization services. The Trading and Sales segment is involved in equity, foreign exchanges, and commodities, as well as securities and placements activities. The Retail Banking segment offers retail financings, deposits, and banking services to retail customer...

Meezan House

C-25 Estate Avenue

SITE

Karachi,  

Pakistan

Founded in 1997

6,005 Employees

Phone:

92 21 3810 3500

Fax:

92 21 3640 6049

Key Executives for Meezan Bank Limited

Meezan Bank Limited does not have any Key Executives recorded.

Meezan Bank Limited Key Developments

Meezan Bank Opens New Islamic Branch Gilgit Baltistan, Pakistan

Meezan Bank has said that it has opened its new Islamic branch Gilgit Baltistan, Pakistan.

Meezan Bank Announces Dividend, Payable on September 15, 2016

Meezan Bank announced a cash dividend of PKR 1.75 per share. The ex dividend date is September 07, 2016 and it is payable on September 15, 2016.

Meezan Bank Limited Announces Unaudited Unconsolidated and Consolidated Earnings Results for the Second Quarter and Half Year Ended June 30, 2016

Meezan Bank Limited announced unaudited unconsolidated and consolidated earnings results for the second quarter and half year ended June 30, 2016. For the quarter, on unconsolidated basis, the company reported profit/return earned on Islamic financing, investments and placements of PKR 7,487,045,000 compared to PKR 9,018,723,000 a year ago. Return on deposit of PKR 2,926,668,000 compared to PKR 3,751,002,000 a year ago. Net spread earned was PKR 4,560,377,000 compared to PKR 5,267,721,000 a year ago. Net spread after provisions was PKR 4,701,156,000 compared to PKR 5,196,952,000 a year ago. Total other income was PKR 6,175,679,000 compared to PKR 6,226,619,000 a year ago. Profit before taxation was PKR 2,375,167,000 against PKR 2,846,153,000 a year ago. Profit after taxation was PKR 1,348,933,000 or PKR 1.35 basic and dilute per share against PKR 1,363,910,000 or PKR 1.36 basic and diluted per share a year ago. For the half year, on unconsolidated basis, the company reported profit/return earned on Islamic financing, investments and placements of PKR 14,953,820,000 compared to PKR 17,296,012,000 a year ago. Return on deposit of PKR 6,151,845,000 compared to PKR 7,781,632,000 a year ago. Net spread earned was PKR 8,801,975,000 compared to PKR 9,514,380,000 a year ago. Net spread after provisions was PKR 9,101,471,000 compared to PKR 9,118,162,000 a year ago. Total other income was PKR 11,908,625,000 compared to PKR 11,303,604,000 a year ago. Profit before taxation was PKR 4,433,410,000 against PKR 4,836,077,000 a year ago. Profit after taxation was PKR 2,685,628,000 or PKR 2.68 basic and dilute per share against PKR 2,677,350,000 or PKR 2.67 basic and diluted per share a year ago. For the quarter on consolidated basis, the company reported profit/return earned on Islamic financing, investments and placements of PKR 7,847,049,000 compared to PKR 9,018,760,000 a year ago. Return on deposit was PKR 2,926,476,000 compared to PKR 3,750,697,000 a year ago. Net spread earned was PKR 4,560,573,000 compared to PKR 5,268,063,000 a year ago. Net spread after provisions was PKR 4,701,352,000 compared to PKR 5,197,297,000 a year ago. Total other income was PKR 6,415,969,000 compared to PKR 6,646,211,000 a year ago. Profit before taxation was PKR 2,749,948,000 against PKR 3,325,079,000 a year ago. Profit attributable to shareholders was PKR 1,537,014,000 or PKR 1.53 basic and dilute per share against PKR 1,628,765,000 or PKR 1.62 basic and diluted per share a year ago. For the half year, on consolidated basis, the company reported profit/return earned on financing, investments and placements of PKR 14,953,768,000 compared to PKR 17,295,873,000 a year ago. Return on deposit was PKR 6,151,251,000 compared to PKR 7,780,992,000 a year ago. Net spread earned was PKR 8,802,517,000 compared to PKR 9,514,881,000 a year ago. Net spread after provisions was PKR 9,102,013,000 compared to PKR 9,118,666,000 a year ago. Total other income was PKR 12,429,723,000 compared to PKR 11,970,076,000 a year ago. Profit before taxation was PKR 5,127,196,000 against PKR 5,434,912,000 a year ago. Profit attributable to shareholders was PKR 3,006,972,000 or PKR 3.00 basic and dilute per share against PKR 3,002,367,000 or PKR 2.99 basic and diluted per share a year ago.

Similar Private Companies By Industry

Company Name Region
Advans Pakistan Microfinance Bank Limited Middle East/Africa
Burj Bank Limited Middle East/Africa
First Women Bank Ltd. Middle East/Africa
Habib Group Middle East/Africa
Industrial Development Bank Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Meezan Bank Limited, please visit www.meezanbank.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.