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MCB Bank Limited (MCB): 1QCY25 Earnings Call Key Takeaways - By Taurus Research

  • By: Taurus Securities Limited

  • - Published: Wednesday, 30 April 2025
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">MCB is currently operating with 1,395 domestic and 8 foreign branches with over 9.1Mn customers. Wherein, the Bank&rsquo;s deposits market share stands at 6.04%, advances market share stands at 5.72%, and remittances market share stands at 11.5%, respectively. The management informed of growing competition in the home remittance business affecting fee income.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">1QCY25 PBT was PKR 29.3Bn, down 10%YoY. NIM stood at PKR 35.2Bn, down 7.6%YoY. Spread was down ~150bpsYoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Deposits clocked-in at PKR 2.1Trn, with current accounts arriving at PKR 1.1Trn. The CA ratio has...

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