168
Meezan Bank Limited has reported a 21% increase in its yearly profit, reaching Rs. 104 billion for the financial year 2024. This strong growth highlights the bank’s solid position in the Islamic banking sector.
The bank’s earnings from Islamic financing rose by 14.47%, bringing the total to Rs. 494.31 billion. Additionally, its net profit saw an even higher increase of 26.73%, demonstrating Meezan Bank’s ability to generate strong returns despite economic challenges.
Although the bank faced higher expenses and tax payments, its earnings per share (EPS) still improved significantly, rising to Rs. 57.28. This growth reflects Meezan Bank’s financial strength and its continued success in delivering value to its shareholders and customers.
