It is a broadly described annual report of Meezan Bank Limited in the year of 2012. During the financial year, The Bank’s Total assets increased from Rs. 201 billion as at 31st December 2011 to Rs. 274 billion ($ 2.8 billion) as at 31st December 2012 representing a growth of 37%. Total deposits of the Bank crossed Rs. 230 billion compared to Rs. 170 billion for 2011, an increase of 35% – significantly higher than the banking industry average of 13.75%. The Bank’s profit before taxation is Rs. 5,230,226 million for the year ended 2012. The profit after tax has been arrived at after making specific provisions (net of recoveries) amounting to Rs. 451 million during the year ended 31st December 2012. The Earning per Share (EPS) increased from Rs. 3.75 to Rs. 3.88 per share on enhanced capital of Rs. 9 billion, reflecting an increase of 3%.
The Board of Directors of the Bank has recommended the issue of @11% Bonus Shares (2011: 12.5%) for the year ended 2012. This declaration, together with the earlier cash dividend of @15% paid in July 2012, brings the total payout for the year to @26%.
More Annual Report of Meezan Bank Limited:
- Annual Report 2003 of Meezan Bank Limited
- Annual Report 2004 of Meezan Bank Limited
- Annual Report 2005 of Meezan Bank Limited
- Annual Report 2006 of Meezan Bank Limited
- Annual Report 2007 of Meezan Bank Limited
- Annual Report 2008 of Meezan Bank Limited
- Annual Report 2009 of Meezan Bank Limited
- Annual Report 2010 of Meezan Bank Limited
- Annual Report 2011 of Meezan Bank Limited
- Annual Report 2012 of Meezan Bank Limited
- Annual Report 2013 of Meezan Bank Limited
- Annual Report 2014 of Meezan Bank Limited
- Annual Report 2015 of Meezan Bank Limited
- Annual Report 2016 of Meezan Bank Limited
- Annual Report 2017 of Meezan Bank Limited
