<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Meezan Bank Limited has announced its 2QCY25 result where
the bank has posted unconsolidated earnings of PKR 13.4/sh, down by 10% YoY.
The result is above our expectations due to higher net interest income, lower
than expected Opex charge. The bank has announced interim cash dividend of PKR
7/sh, taking 1HCY25 dividend to PKR 14/sh.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net Interest Income (NII) declined by 9% YoY but rose by 4%
QoQ, indicating that the major impact of asset repricing has already been
incurred. Non markup income rose by 54% YoY, due to increase in fee and
commission income and FX income.</span></li></ul>
