Financial Result: Meezan Bank earnings shoot up
2/20/2012 9:14:27 AM
KARACHI: The net profits ofMeezan Bank jumped up significantly by 106 percent to Rs 3,391.54 million during the year as compared to Rs 1,649.58 million in the previous year.
The impressive growth in earnings of the first full fledge Islamic bank of Pakistan is recorded on the back of improved income from core banking operations, decline in loan provisioning and increase in income from diversified investment portfolio.
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