Meezan Bank Limited
MEBL · Commercial Banks · Company only accounts
Business
Valuation
at the 30 Oct 2026 priceHigher means cheaper under the model. It says nothing about business quality.
▲Strengths
▼Watch closely
- No measure scores weakly.
Analysis
Written by AI from the scores and reportsMeezan Bank earns a Strong overall scorecard, but the shares screen as Expensive. Its strongest pillars are asset quality (100), funding (96.7), profitability (96.3), and financial strength (90.6), with growth at 81.7. The scorecard’s positive drivers are deposit growth, ROE, and a low NPL ratio; the digests show 34.5% ROE, a 1.9% NPF ratio, 140% coverage, CAR of 19.20%, CET1 of 16.45%, and AAA/A1+ ratings. The main negatives are valuation and spread pressure: P/E is 9.89 versus a 5-year median of 5.33, P/B is 3.21, and dividend yield is 5.77%, 5.23 points below the T-bill yield. Momentum is the weakest pillar at 61.9. The digests also flag lower average policy rates earlier (11.1% vs 11.7%), a 100bp SBP hike to 11.5% in April 2026, inflation at 10.3%, rising deposit costs, higher expenses, a Rs 1.5bn operational-loss provision, and a tax dispute over possible additional tax of Rs 1,096m and Rs 706m. Scorecard red flags: none.
Calculated 31 Oct 2026. Not investment advice; the figures above are the reference.
Latest report
period ended 30 Sept 2026Meezan Bank reported 9M 2026 PAT of Rs 74.5bn, up 10.9%, with EPS of Rs 41.35 and ROE of 34.5%. Net spread grew only 5% as deposit costs rose 25%, while fee income rose 31%. Operating costs rose to Rs 72.3bn, keeping the cost-to-income ratio at 32%. Total assets reached Rs 5.4tn, with investments up 17% from GoP Ijarah Sukuk participation and gross financing down 2%. Deposits grew 19% with CASA at 89%, and the NPF ratio was 1.9%. Capital remains strong at 19.2% CAR, and the board declared a Rs 8.00 interim dividend, taking 9M payout to Rs 23.50.
All report summaries →Latest developments
View businessBoard announced interim cash dividend of Rs 8.00 per share (80%) on October 22, 2026, a non-adjusting event.
Nine-month report 2026Income Tax Department amended deemed assessment orders including tax year 2025; High Court of Sindh references pending; additional tax Rs 1,096m and Rs 706m.
Nine-month report 2026VIS Credit Rating reaffirmed AAA (long-term) and A1+ (short-term) ratings with stable outlook as at June 30, 2026.
Nine-month report 2026
Financial years follow the calendar (2026 = Jan 2026 – Dec 2026). Amounts in Pakistani rupees: mn = million, bn = billion.