Meezan Bank Limited posted a profit Rs5.562 billion in 2016,
showing an increase of 11 percent as compared to Rs5.023 billion earned during
the previous year, a bourse filing said on Thursday.
The bank recorded earnings per share (EPS) of Rs5.55. The
bank also announced a final cash dividend of Rs1.25/share (12.5 percent) for
the year 2016. This declaration, together with the earlier interim cash
dividend of 17.5 percent paid in the third quarter of 2016, brings the total
payout for the year to Rs3/share.
“A significant achievement during the year was the impressive
increase in the financing portfolio of the bank that increased 50 percent to
Rs312 billion, the bank said. “This growth in financing has outpaced the 17
percent average financing growth of the banking industry during the same
period,” it added.
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