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MEBL

Meezan Bank Limited

MEBL · Commercial Banks · Company only accounts

Share price
Rs 528.61
30 Oct 2026, 4:49 PM PKT
Latest accounts
Sep 2026
Q3 report

Operating performance

Figures from the reports' own text. Only like-for-like series are charted: levels across every report, volumes across full years.

Advances to deposits ratio

41.9 % in Nine-month report 2026.

% · as stated in each report

Total capital adequacy ratio

19.2 % in Nine-month report 2026.

% · as stated in each report

CASA ratio (share of total deposits)

89 % in Nine-month report 2026.

% · as stated in each report

Tier 1 capital adequacy ratio

16.89 % in Nine-month report 2026.

% · as stated in each report

Other reported figures (216) — not charted because they are not like-for-like
FigureLatestPeriodWhy not chartedSource
Active agriculture borrowers11,000 Dec 2025Unit not recognised
Agriculture financing disbursed87.1 Rs billionDec 2024Fewer than three full-year figures
Agriculture financing portfolio108 Rs billionDec 2025Fewer than three full-year figures
Al Meezan assets under management718.4 Rs billionDec 2024Fewer than three full-year figures
Al Meezan share of Shariah-compliant mutual funds AUM35 %Dec 2024Fewer than three comparable periods
Assets under management (Al Meezan)283 Rs billionDec 2022Fewer than three full-year figures
Assets under management of Al Meezan187 Rs billionDec 2021Fewer than three full-year figures
Cash dispensed through ATMs1.4 Rs trillionDec 2022Fewer than three full-year figures
ATM cash withdrawals2.69 Rs trillionDec 2025Fewer than three full-year figures
Number of ATMs1,000 Sept 2022Unit not recognised
ATM dispensed amount1.87 Rs trillionDec 2023Fewer than three full-year figures
ATMs nationwide1,061 Dec 2022Unit not recognised
ATM network touchpoints (over)1,100 Mar 2024Unit not recognised
ATM network touchpoints1,250 Jun 2025Unit not recognised
ATM successful transactions133.97 millionDec 2025Fewer than three full-year figures
ATM network uptime97.11 %Dec 2025Fewer than three comparable periods
ATMs1,321 Dec 2025Unit not recognised
Average benchmark policy rate - half year 202211.23 %Jun 2022Fewer than three comparable periods
Basic earnings per share56.62 RsDec 2024Fewer than three full-year figures
Basic EPS - half year ended June 30, 202525.72 PKRJun 2025Fewer than three full-year figures
Basic EPS - quarter ended June 30, 202514.79 PKRJun 2025Fewer than three full-year figures
Basic earnings per share13 RsMar 2026Fewer than three full-year figures
Bill payment value1.1 Rs trillionDec 2024Fewer than three full-year figures
Bill payment transactions49 millionDec 2024Fewer than three full-year figures
Number of branches1,186 Sept 2026Reported in different units
Current account deposits share of total deposits47 %Sept 2024Fewer than three comparable periods
Car Ijarah portfolio60,873 Rs millionDec 2024Reported in different units
Car Ijarah portfolio97,143 Rs millionDec 2025Fewer than three full-year figures
Capital adequacy ratio (narrative, 20% plus)20 %Mar 2024Fewer than three comparable periods
Cards portfolio4.18 millionJun 2025Fewer than three full-year figures
Total cash dividend 9M 2025 per share21 RsSept 2025Fewer than three full-year figures
Cash dividend per share280 %Dec 2024Fewer than three comparable periods
Interim cash dividend for third quarter2 Rs per shareSept 2022Fewer than three comparable periods
Cash dividend per share (cumulative for year)28 RsDec 2025Fewer than three full-year figures
Interim cash dividend per share7.5 RsMar 2026Fewer than three full-year figures
Cash management throughput4.4 Rs trillionDec 2023Fewer than three full-year figures
Cities with presence363 Dec 2025Unit not recognised
Cities covered by branch network339 Sept 2024Unit not recognised
Cities presence290 Dec 2021Unit not recognised
Commercial banking portfolio293 Rs billionDec 2024Fewer than three full-year figures
Commercial banking portfolio200 Rs billionDec 2023Fewer than three full-year figures
Commercial financing portfolio303 Rs billionDec 2025Fewer than three full-year figures
Total consumer finance portfolio78,499 Rs millionDec 2024Fewer than three full-year figures
Corporate banking funded portfolio1,148 Rs billionDec 2024Fewer than three full-year figures
Corporate banking portfolio706 Rs billionDec 2023Fewer than three full-year figures
Correspondent banking countries79 Dec 2023Unit not recognised
Cost-to-income ratio32 %Sept 2026Fewer than three comparable periods
Cost-to-income ratio32 %Mar 2026Fewer than three comparable periods
Cost-to-income ratio30 %Jun 2026Fewer than three comparable periods
Current account deposits819 Rs billionDec 2022Fewer than three full-year figures
Current account deposits as share of total deposits47 %Jun 2022Fewer than three comparable periods
Current account deposits as % of total deposits51 %Mar 2023Fewer than three comparable periods
Customer base3.9 millionSept 2023Fewer than three full-year figures
Debit cards portfolio3.99 millionDec 2024Reported in different units
Debit Card portfolio (total cards)3.7 millionSept 2024Fewer than three full-year figures
Debit card spend307 Rs billionDec 2024Fewer than three full-year figures
Debit card spend410 Rs billionDec 2025Fewer than three full-year figures
Debit card portfolio3.9 millionMar 2025Fewer than three full-year figures
Debit card portfolio size (over)3,400,000 Mar 2024Reported in different units
Debit cards portfolio4.7 million cardsDec 2025Fewer than three full-year figures

Projects

108 projects, wells and blocks, most recently mentioned first. Stages are as reported; durations between reports are not project timelines.

  • GoP Ijarah Sukuk investment portfolioOperatingLast reported Sept 2026 · 26 mentions

    Investments Rs 3.03 trillion at Sep 30, 2026 vs Rs 2.60 trillion at Dec 31, 2025 (+17%), driven by regular participation in GoP Ijarah Sukuk auctions

    View history
    1. Reported in Sept 2026 · Operating · Rs 3.03 trillion Investments Rs 3.03 trillion at Sep 30, 2026 vs Rs 2.60 trillion at Dec 31, 2025 (+17%), driven by regular participation in GoP Ijarah Sukuk auctions
    2. Reported in Jun 2026 · Operating · Rs 2.90 trillion Investments portfolio Rs 2.90 trillion at June 30, 2026 vs Rs 2.60 trillion at Dec 31, 2025 (+12%) due to regular GoP Sukuk auctions
    3. Reported in Mar 2026 · Operating · Rs 2.68 trillion Investment portfolio Rs 2.68 trillion at March 31, 2026 vs Rs 2.60 trillion at Dec 2025 (+3%); regular GoP Sukuk auctions aid liquidity
    4. Reported in Dec 2025 · Operating · Rs 2.6 trillion Investment portfolio Rs 2.6 trillion as of Dec 2025, up 39%; GoP Ijarah Sukuk ~Rs 2.2 trillion; regular GoP Ijarah Sukuk auctions aid liquidity management
    5. Reported in Sept 2025 · Other / unclear · Rs 242.6 billion GoP Ijarah sukuks of Rs 242.6 billion reclassified from amortised cost to FVOCI effective January 1, 2025; revaluation gain Rs 1.1 billion gross of tax; CAR increased from 20.35% to 20.39%
    6. Reported in Sept 2025 · Operating · Rs 2.5 trillion Investment portfolio reached Rs 2.5 trillion, up 34% over December 2024; regular GoP Sukuk auctions eased liquidity challenges for Islamic banking industry
    7. Reported in Jun 2025 · Other / unclear · Rs 242.6 billion GoP Ijarah sukuks of Rs 242.6 billion reclassified from amortised cost to FVOCI effective January 1, 2025; CAR increased from 22.35% to 22.39%
    8. Reported in Jun 2025 · Operating · Rs 2.4 trillion Investment portfolio reached Rs 2.4 trillion (up 28% YoY); regular Sukuk auctions by GoP eased liquidity challenges for Islamic banking industry
    9. Reported in Mar 2025 · Other / unclear · Rs 242.6 billion Portfolio of government ijarah sukuk reclassified from amortized cost to FVOCI effective January 1, 2025; revaluation gain Rs 1.1 billion; CAR changed from 22.35% to 22.39%
    10. Reported in Mar 2025 · Operating · Rs 2.05 trillion Investment portfolio reached Rs 2.05 trillion; regular Sukuk auctions by GoP eased liquidity challenges for Islamic banking industry; Rs 1,882,841 million government securities and Rs 125,029 million government guaranteed exposure
    11. Reported in Dec 2024 · Operating · Rs 1.87 trillion Investment portfolio closed at Rs 1.87 trillion in Dec 2024, up 19%; GoP Ijarah Sukuk regular issuance key driver; sovereign/GoP guaranteed securities 99% of portfolio
    12. Reported in Sept 2024 · Operating · Rs 1.74 trillion Investment portfolio rose to Rs 1.74 trillion from Rs 1.57 trillion at end-2023, largely due to ongoing GoP Sukuk auctions
    13. Reported in Jun 2024 · Operating · Rs 1.64 trillion Investment portfolio of GoP Ijarah Sukuk; Rs 1.63 trillion investments at June 2024 vs Rs 1.57 trillion at Dec 2023; growth from Government of Pakistan Sukuk auctions
    14. Reported in Mar 2024 · Operating · Rs 1.63 trillion Investment portfolio of GoP Ijarah Sukuk; Rs 1.57 trillion investments at Dec 2023 and Rs 1.63 trillion at Mar 2024; expansion driven by regular Sukuk auctions by Government of Pakistan
    15. Reported in Dec 2023 · Operating · Rs 290 billion (2023 additions); Rs 1.4 trillion total Throughout 2023 Rs 290bn invested in GoP Ijarah Sukuk; total portfolio Rs 1.4 trillion from Rs 1.1 trillion; 98% of investment portfolio in Federal/Government Guaranteed securities
    16. Reported in Sept 2023 · Operating · Rs 1,181,918,275 thousand Federal Government Ijarah Sukuk within available for sale securities; Rs 1,181,918,275 thousand at Sep 30, 2023 (Rs 1,170,931,051 thousand Dec 2022); Rs 1,183,461,813 thousand fair value
    17. Reported in Jun 2023 · Operating · Rs 1.36 trillion Investments totalling Rs 1.36 trillion; 99% in Federal Government / Government Guaranteed Securities; GoP Ijarah Sukuk issued at regular intervals expanding investment book
    18. Reported in Jun 2023 · Operating · Rs 114,376,490 thousand (AFS Ijarah Sukuk, June 30, 2023); Rs 119,517,140 thousand (Dec 2022) Federal Government Ijarah Sukuk within available for sale securities; carrying Rs 1,076bn / 99% of investment book in Federal/Government Guaranteed securities
    19. Reported in Mar 2023 · Operating · Rs 1.29 trillion Investments totalling Rs 1.29 trillion with 98% in Federal Government / Government Guaranteed Securities
    20. Reported in Mar 2023 · Operating · Rs 114,381,163 thousand (Ijarah Sukuk, AFS) Ijarah Sukuk within available for sale Federal Government Securities; carrying Rs 114.4bn at March 31, 2023 (Dec 2022: Rs 119.5bn ... see note 9.1); 98% of investment book in Federal/Government Guaranteed securities
    21. Reported in Dec 2022 · Operating · Rs 854bn variable; Rs 256bn fixed Variable rate GoP Ijarah Sukuk Rs 854bn and fixed rate Ijarah Sukuk Rs 256bn held
    22. Reported in Dec 2022 · Operating · Rs 706bn additional; Rs 1.1trn total Additional Rs 706 billion invested in GoP Ijarah Sukuk; total GoP Ijarah Sukuk portfolio Rs 1.1 trillion from Rs 398 billion; 98% of investment portfolio in Federal/Government Guaranteed securities
    23. Reported in Sept 2022 · Other / unclear · Rs 600bn+ Investment of more than Rs 600 billion in GoP Ijarah Sukuk; investment portfolio grew to Rs 1.2 trillion
    24. Reported in Jun 2022 · Other / unclear · Rs 600bn+ Investment of more than Rs 600 billion in GoP Ijarah Sukuk during the half year; AFS Ijarah Sukuk carrying Rs 844,407,938k and HTM Ijarah Sukuk Rs 217,336,136k at June 30, 2022
    25. Reported in Mar 2022 · Other / unclear · Rs 351bn Investment of Rs 351 billion in GoP Ijarah Sukuk during the quarter; Ijarah Sukuk AFS carrying value Rs 531,120,835k and HTM Rs 218,060,223k at March 31, 2022
    26. Reported in Dec 2021 · Other / unclear · Rs 398bn Additional Rs 219 billion invested in GoP Ijarah Sukuk; total GoP Ijarah Sukuk portfolio Rs 398 billion
  • Branch expansion (branch network)OperatingLast reported Sept 2026 · 17 mentions

    Operates 1,186 branches in 381 cities at Sep 30, 2026 (Dec 31, 2025: 1,105 branches); 112 new branches added since 9M 2025

    View history
    1. Reported in Sept 2026 · Operating Operates 1,186 branches in 381 cities at Sep 30, 2026 (Dec 31, 2025: 1,105 branches); 112 new branches added since 9M 2025
    2. Reported in Jun 2026 · Operating Operates 1,150 branches across 372 cities at June 30, 2026 (Dec 31, 2025: 1,105 branches); 93 new branches opened from H1 2025
    3. Reported in Mar 2026 · Operating Operates 1,115 branches across 365 cities at March 31, 2026 (Dec 31, 2025: 1,105 branches); 63 new branches opened from Q1 2025
    4. Reported in Dec 2025 · Operating Added 54 new branches, total 1,105 branches in 363 cities at Dec 31, 2025
    5. Reported in Sept 2025 · Operating Branch network of 1,073 branches nationwide as at September 30, 2025 (1,051 at Dec 31, 2024); expanded physical presence in underserved regions
    6. Reported in Jun 2025 · Operating Branch network of 1,057 branches across 352 cities as of June 30, 2025 (1,051 at Dec 31, 2024); expanded physical presence in underserved regions
    7. Reported in Mar 2025 · Operating Branch network of 1,052 branches across 351 cities as of March 31, 2025 (1,051 at Dec 31, 2024); expanded physical presence in underserved regions
    8. Reported in Dec 2024 · Operating Opened 47 new branches in 2024, taking network to 1,051 branches across 351 cities
    9. Reported in Sept 2024 · Operating Branch network of 1,015 branches across 339 cities at Sep 30, 2024 (1,004 at Dec 31, 2023); costs of expanding branch network
    10. Reported in Jun 2024 · Operating Branch network of 1,010 branches across 335 cities at June 30, 2024 vs 1,004 at Dec 31, 2023; expansion described as investment in future growth
    11. Reported in Mar 2024 · Operating Branch network of 1,007 branches across 334 cities; operating from 1,007 branches at Mar 31, 2024 vs 1,004 at Dec 31, 2023; cost of branch expansion described as investment in future
    12. Reported in Dec 2023 · Operating 42 new branches opened covering 17 new cities; network 1,004 branches in 334 cities
    13. Reported in Dec 2022 · Operating Bank added 60 new branches taking network to 962 branches in 317 cities; 60 new branches in 27 new cities
    14. Reported in Sept 2022 · Operating Bank operated 940 branches at September 30, 2022; 38 new branches added since December 2021
    15. Reported in Jun 2022 · Operating Bank operated 931 branches at June 30, 2022 (96 new branches opened since June 2021)
    16. Reported in Mar 2022 · Planning Plans to add more branches to its network during the year; fifty plus branches in 2022 (prior-period finding)
    17. Reported in Dec 2021 · Planning Will add another fifty plus branches to its network in 2022
  • Investment in subsidiary Meezan Exchange Company (Private) LimitedOperatingLast reported Sept 2026 · 12 mentions

    Wholly owned subsidiary (100%); Rs 500 million invested towards additional paid-up capital during the period; shares held in CDC custody

    View history
    1. Reported in Sept 2026 · Operating · Rs 500 million Wholly owned subsidiary (100%); Rs 500 million invested towards additional paid-up capital during the period; shares held in CDC custody
    2. Reported in Jun 2026 · Operating · Rs 500 million Wholly owned subsidiary (100%); Rs 500 million invested towards additional paid up capital during the period; shares held in CDC custody
    3. Reported in Mar 2026 · Operating Wholly owned subsidiary (100%); shares in subsidiaries held in CDC custody
    4. Reported in Dec 2025 · Operating Wholly owned subsidiary commenced operations in 2024, expanded to 50 branches
    5. Reported in Sept 2025 · Operating Unlisted subsidiary; shares placed in custody with CDC; ownership 100%
    6. Reported in Jun 2025 · Operating Unlisted subsidiary; shares placed in custody with CDC; ownership 100%
    7. Reported in Mar 2025 · Operating Unlisted subsidiary; shares placed in custody with CDC; ownership 100%
    8. Reported in Dec 2024 · Operating Subsidiary Meezan Exchange Company obtained SBP licence on March 22, 2024 for three years; commenced operations May 14, 2024 with network of 10 branches
    9. Reported in Sept 2024 · Operating · Rs 1 billion Rs 1 billion initial paid up capital invested in fully owned subsidiary during the period
    10. Reported in Jun 2024 · Operating · Rs 1 billion Rs 1 billion initial paid up capital invested in fully owned subsidiary during the period; shares credited to the Bank after period end
    11. Reported in Mar 2024 · Operating · Rs 1 billion Fully owned subsidiary Meezan Exchange Company (Private) Limited, 100% holding
    12. Reported in Mar 2024 · Operating · Rs 1 billion Initial paid up capital invested as fully owned subsidiary during the quarter
  • Investment in subsidiary Al Meezan Investment Management LimitedOperatingLast reported Sept 2026 · 10 mentions

    MEBL holds 65% shareholding; carried at cost Rs 1,274 million; market value/net asset share Rs 1,274 million (unlisted subsidiary)

    View history
    1. Reported in Sept 2026 · Operating · Rs 1,274 million MEBL holds 65% shareholding; carried at cost Rs 1,274 million; market value/net asset share Rs 1,274 million (unlisted subsidiary)
    2. Reported in Jun 2026 · Operating MEBL holds 65% shareholding; carried at cost Rs 1,274 million (unlisted subsidiary); market value/net asset share Rs 1,274 million
    3. Reported in Mar 2026 · Operating MEBL holds 65% shareholding; subsidiary AUM exceeding Rs 724.4 billion as previously reported; investment carried at Rs 3.9bn cost in unconsolidated statements
    4. Reported in Dec 2025 · Operating · Rs 724.4 billion AUM Subsidiary AUM exceeding Rs 724.4 billion; MEBL holds 65% shareholding
    5. Reported in Sept 2025 · Operating Unlisted subsidiary; ownership 65%
    6. Reported in Jun 2025 · Operating Unlisted subsidiary; ownership 65%
    7. Reported in Mar 2025 · Operating Unlisted subsidiary; ownership 65%
    8. Reported in Sept 2023 · Operating · Rs 1 thousand investment line (subsidiary) Investment in subsidiary shares included in investments; subsidiary included in consolidated statements
    9. Reported in Jun 2023 · Operating · Rs 20,990,000 thousand (share capital of Bank for context); subsidiary shares included in investments Subsidiary included in consolidated financial statements; holding company investment in subsidiary shares
    10. Reported in Mar 2023 · Operating · Rs 20,990,000 thousand (share capital of Bank for context); subsidiary shares included in investments Subsidiary (Al-Meezan Investment Management Limited) included in consolidated financial statements; holding company 100% investment in subsidiary shares

Risks

Highlighted by management in the latest report. Severity is a model assessment, not a probability.

  • Super tax charge Rs 16,163 million in current period

    Model severitymedium· tax· mentioned since Jun 2022

  • Income Tax Department amended deemed assessment orders including tax year 2025; references pending in High Court of Sindh; additional tax liability Rs 1,096m (gain on bargain purchase) and Rs 706m (HSBC loss non-adjustment)

    Model severitymedium· tax· mentioned since Mar 2022

  • Middle East conflict and supply-side disruptions to shipping routes; energy prices driving inflation; outcome could affect trade balance, current account, exchange rate and inflation

    Model severitymedium· geopolitical· mentioned since Mar 2026

  • Operational loss event at one branch; Rs 1,500 million provision recognised

    Model severitymedium· operational

Not mentioned in the latest report (1)

Absence from a later report does not mean the risk was resolved.

  • Liquidity management: reliance on GoP Sukuk auctions for investment deployment (last mentioned Jun 2026)

Management view

What management expects, from the Nine-month report for Sept 2026

  • Bank continues to expand physical presence in underserved areas while increasing digital customer acquisition under its hybrid growth model. (positive tone)
  • Bank remains focused on cost optimisation and process automation initiatives. (positive tone)
  • Management is confident the income tax appeal decisions will be in the Bank's favour; no provision has been made. (positive tone)
  • Bank remains committed to balanced and sustainable growth, sectoral diversification and regulatory compliance. (positive tone)

Stated targets: Interim cash dividend of Rs 8.00 per share (80%) for Q3; 9M cash dividend Rs 23.50 per share (235%).; Return on equity 34.5% and return on assets 1.95% for 9M 2026.; Total capital adequacy ratio 19.20% at September 30, 2026.

▲ positive · ■ neutral · ▼ negative tone, as assessed by the model.

Read from MEBL's reports; nothing here is a forecast by this dashboard.