Meezan Bank Limited (MEBL): 2QCY25 EPS clocked in at PKR13.4 – Above expectation – By Insight Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Profit earned fell by ~22%/5% YoY/QoQ, mainly driven by lower yields on assets. Similarly, profit on deposit fell by ~37%/17% YoY/QoQ amid falling policy rate and favorable deposit mix.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Other income recorded a growth of 54% YoY, on the back of higher FX and fee income. However, MEBL&rsquo;s fee income declined by ~3% QoQ.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Operating expense clocked in at PKR15.5bn in 2QCY25, recording a decline of ~17% QoQ, possibly attributable to lower branch related cost. Cost-to-income ratio clocked in at ~23% in 2QCY25, compared to ~29% &amp; 28% in SPLY &amp; preceding quart...