July 21, 2017 3:39 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

6,601 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

Noor Financial Investment Said To Weigh Sale Of Stake In Meezan Bank

Noor Financial Investment Company - KPSC (KWSE:NOOR) is weighing the potential sale of its 49% stake in Meezan Bank Limited (KASE:MEBL), according to people familiar with the matter. Noor hired investment bank Credit Suisse Group AG to explore options for the holding, including finding possible buyers, the people said, asking not to be identified because the information is private. No final agreements have been reached with any of the parties and the plan is at an early stage, the people said. While Noor Financial hired advisers to assess opportunities regarding its investments and assets, it has not tasked the consultants with either increasing or decreasing its stake in Meezan Bank, the company said in a statement to Kuwait Stock Exchange. Noor Financial also says its continuously looking for strategic alternatives for its investments to increase company's profitability. A representative for Credit Suisse declined to comment.

Meezan Bank Limited Reports Unaudited Unconsolidated and Consolidated Earnings Results for the First Quarter Ended March 31, 2017

Meezan Bank Limited reported unaudited unconsolidated and consolidated earnings results for the first quarter ended March 31, 2017. For the quarter on unconsolidated basis, the company reported profit /return earned on Islamic financing, investments and placements of PKR 8,324,714,000 compared to PKR 7,466,775,000 a year ago. Return on deposits and other dues expensed was PKR 3,577,420,000 compared to PKR 3,225,177,000 a year ago. Net spread earned was PKR 4,747,294,000 compared to PKR 4,241,598,000 a year ago. Net spread after provisions was PKR 4,689,016,000 compared to PKR 4,400,315,000 a year ago. Total other income was PKR 1,707,649,000 compared to PKR 1,332,631,000 a year ago. Profit before taxation was PKR 2,328,279,000 against PKR 2,058,243,000 a year ago. Profit after taxation was PKR 1,511,753,000 or PKR 1.51 basic and dilute per share against PKR 1,336,695,000 or PKR 1.33 basic and diluted per share a year ago. For the quarter on consolidated basis, the company reported profit /return earned on financing, investments and placements of PKR 8,324,756,000 compared to PKR 7,466,719,000 a year ago. Profit on deposits and other dues expensed was PKR 3,577,096,000 compared to PKR 3,224,775,000 a year ago. Net spread earned was PKR 4,747,660,000 compared to PKR 4,241,944,000 a year ago. Net spread after provisions was PKR 4,689,382,000 compared to PKR 4,400,661,000 a year ago. Total other income was PKR 2,285,176,000 compared to PKR 1,613,093,000 a year ago. Profit before taxation was PKR 2,748,025,000 against PKR 2,377,248,000 a year ago. Profit after taxation was PKR 1,825,759,000 or PKR 1.72 basic and dilute per share against PKR 1,540,387,000 or PKR 1.47 basic and diluted per share a year ago.

Meezan Bank Limited to Report Q1, 2017 Results on Apr 19, 2017

Meezan Bank Limited announced that they will report Q1, 2017 results on Apr 19, 2017

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Recent Private Companies Transactions

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