Meezan Bank Limited (MEBL): Corporate Briefing Takeaways – by IIS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Meezan Bank (MEBL) posted an unconsolidated PAT of PKR 46.1bn in 1HCY25, down 7.2% YoY compared to PKR 49.7bn in the same period last year. This decline is mainly attributed to a 11 ppts reduction in the policy rate, the imposition of MDR on Islamic banks, and an increase in the applicable tax rate from 49% to 53% this quarter.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Bank expects the policy rate to stabilize around the 10% mark, with a potential 50&ndash;100bps reduction anticipated in the upcoming MPC meetings before year-end.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Capital Adequacy Ratio (CAR) improved from 20.3% in Dec 2024 to 23.6% ...