April 22nd, 2025
The Board of Directors of Meezan Bank, in their meeting held on April 21, 2025 approved the financial statements of the Bank for the quarter ended March 31, 2025. The meeting was chaired by Mr. Riyadh S.A.A. Edrees – Chairman of the Board.
The Bank posted Profit After Tax (PAT) of Rs 22.0 billion with an annualized Return on Average Equity (ROAE) over 36% – demonstrating its continued commitment to maximizing shareholder value. The Basic Earnings per Share stood at Rs 12.28 per share (Q1 2024: Rs 14.01 per share). The Board approved 70% (Rs. 7 per share) interim cash dividend for the first quarter of 2025. The Bank remains a well-capitalized institution with a Capital Adequacy Ratio of 23.2% – significantly exceeding the minimum requirement of 11.5%. The Bank’s leadership is also underscored by its market capitalization of over $1.6 billion, affirming its status as one of the most valuable banks in Pakistan.
Total assets of the Bank crossed the milestone of Rs 4 trillion, registering a 3% growth over December 2024. The Bank maintains superior asset quality with a non-performing financing ratio of 2.1%, one of the lowest in the banking industry. The Bank maintains a comfortable level of provision against its non-performing financings with a coverage ratio of 143%. Net spread of the Bank stood at Rs 61.8 billion (Q1’24: Rs 67.3 billion), declining by 8% year on year mainly due to a significant decline in policy rates. This negative impact was offset to a large extent through growth in earning assets. The Bank’s non-funded income increased to Rs 8.2 billion from Rs 6.4 billion in the corresponding period last year – a growth of 29%. This growth was driven by notable increase in foreign exchange, trade-related income, branch banking fees, income from home remittances and debit card related fees.
Meezan Bank is one of the largest banks in Pakistan in terms of deposits, which closed above Rs. 2.8 trillion by Q1 2025. The Bank maintained its leadership position in Roshan Digital Account (RDA) with a substantial market share of 27% in terms of the total RDA inflows in the banking industry of Pakistan, reinforcing the Bank’s position as the preferred banking partner for Overseas Pakistanis. As a pioneer in Islamic banking, Meezan maintains approximately one-third of total deposits in the Islamic Banking Industry in Pakistan.
Meezan Bank has a robust physical presence, spanning 1,052 branches across 351 cities, supported by an extensive network of more than 1,200 ATMs nationwide. Furthermore, Meezan Bank’s Mobile Banking App has been consistently ranked as one of the top-rated app in the banking sector of Pakistan on both the Google Play Store and Apple App Store.