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Meezan Bank (MEBL) investor relations material
Meezan Bank Q1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Profit after tax for Q1'25 declined 12% year-over-year to Rs 22.0–22.1 billion, mainly due to lower policy rates and higher taxes.
Total assets grew 32% year-over-year to Rs 4.03 trillion, led by increases in investments and financings.
Deposits rose 27% year-over-year to Rs 2.88 trillion, with CASA deposits comprising 93% of the mix.
Return on equity stood at 36–36.2% for Q1'25.
70% cash distribution to shareholders for Q1'25, with an interim dividend of Rs 7.00 per share approved.
Financial highlights
Net spread earned decreased 8% year-over-year, while total/operating income fell 5% to Rs 69.97–70.0 billion.
Operating expenses dropped 7% year-over-year, improving the cost-to-income ratio to 28–28.1%.
Fee, commission, and other income increased 10–29% year-over-year, with strong growth in trade-related and debit card fees.
Gross financings declined 7% sequentially from December 2024, while investments increased 10%.
Gross advances to deposits ratio (ADR) at 50.1%, down from 60.2% in December 2024.
Outlook and guidance
Management focuses on digital transformation, branch expansion, and maintaining high CASA ratios.
Emphasis on asset quality, prudent risk management, and alignment with government’s Islamic finance push.
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