March 23, 2023
Banking Pakistan

Meezan Bank’s PAT Increases To Rs45bn For 2022

The board of directors of Meezan Bank in their conference carried on Thursday authorized the economic announcements of the bank and its compact economic announcements for the year ceased December 31, 2022.

The conference was chaired by Riyadh Edrees, the director of the committee, and Vice Chairman Faisal Al-Nassar was also current. 

The bank’s earnings after tariff for the year 2022 boosted to Rs 45 billion described in relation to Rs 28.4 billion last year – a 59 percent development. The Board has authorized Rs3 per share definitive cash premium for the year 2022. This brings the total cash dividend payout for the year 2022 to Rs8.50 per share as Rs 5.50 per share 55 percent interim cash premium was already reimbursed for the nine month period. This is in acquisition to 10 percent bonus shares handed out during the year. The Bank hangs around sufficiently capitalised with Capital Adequacy Ratio of 18.42 percent, well above minimum provision of 12.00 percent.

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