Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
MCB earns Rs 4.141bn profit after tax in Jan-Mar
04-22-2010, 11:42 AM
Post: #1
MCB earns Rs 4.141bn profit after tax in Jan-Mar
KARACHI: MCB Bank earned a profit after tax of Rs 4.141 billion during the first quarter (January-March) of the current financial year, translating into an annualized earnings per share of Rs. 21.79. The bank delivered profit before tax of Rs 6.251 billion as against Rs 6.238 billion in the same period of last year. The financial results for the first quarter were approved by the Board of Directors, which met on April 21 under the chairmanship of Mian Mohammad Mansha and reviewed the performance of the Bank. The Board of Directors declared cash dividend of Rs. 2.5 per share for the quarter. During the quarter under review, deposits increased by 7% to Rs 391.6 billion from Rs 367.6 billion in December 2009; savings deposits grew by 8% and current and fixed deposits by 5%. Gross advances decreased by 3.8% over December 2009. The non-performing loans of the Bank increased by 0.3% over December 2009 and stood at Rs 23.3 billion. staff report
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Increase in Profit Rates for National Savings Schemes Announced LRE-Azan 0 221 11-02-2023 06:34 PM
Last Post: LRE-Azan
  State Bank Of Pakistan increases profit rate on Naya Pakistan Certificates LRE-Azan 0 618 01-26-2023 03:07 PM
Last Post: LRE-Azan
  CDA earns Rs8b from auction of commercial plots Salman 0 6,040 11-25-2013 01:26 PM
Last Post: Salman
  CDA earns Rs1.88b on second day of auction Salman 0 5,170 11-22-2013 05:21 PM
Last Post: Salman
  CDA auctions commercial plots, earns Rs2.6bn Salman 0 4,631 05-22-2013 01:41 PM
Last Post: Salman
  CDA earns Rs3.2b from two-day auction of plots Salman 0 4,280 03-29-2013 08:05 PM
Last Post: Salman
  Telecom Sector earns all time high revenues in 2011 Salman 0 3,628 01-25-2012 04:10 PM
Last Post: Salman
  Mitsubishi Electric suffers profit fall in March quarter Lahore_Real_Estate 0 3,544 05-17-2011 11:21 AM
Last Post: Lahore_Real_Estate
  Profit On Funds Of Govt. Servant Housing Schemes Lahore_Real_Estate 0 4,206 01-28-2011 12:15 PM
Last Post: Lahore_Real_Estate
  Google beats Wall Street profit expectations Lahore_Real_Estate 0 3,374 10-15-2010 11:56 AM
Last Post: Lahore_Real_Estate
  Earn 700 Times Profit! LRE 0 3,517 09-05-2010 06:53 PM
Last Post: LRE
  CDA earns Rs 630m from plots’ auction Lahore_Real_Estate 0 2,745 08-12-2010 12:03 PM
Last Post: Lahore_Real_Estate
  HSBC profit doubles to $6.76 billion Lahore_Real_Estate 0 2,896 08-03-2010 12:38 PM
Last Post: Lahore_Real_Estate
  Emaar Reports Fourth-Quarter Profit on Malls, Hotels (Update2) Lahore_Real_Estate 0 3,023 02-12-2010 01:30 PM
Last Post: Lahore_Real_Estate
  Net profit on power generation: NWFP to be made Rs 110 billion payment, says PM LahoreEstate 0 3,347 11-01-2009 05:05 AM
Last Post: LahoreEstate
  Net Hydel Profit: Punjab granted payment for 1780 MW capacity in province Naveed Yaseen 0 3,227 10-08-2009 05:25 AM
Last Post: Naveed Yaseen
  Pak Suzuki posts profit Naveed Yaseen 0 3,310 08-25-2009 07:43 AM
Last Post: Naveed Yaseen
  Pakistan Steel suffers Rs16bn loss in 10 months, down from Rs2.8bn profit last fiscal Naveed Yaseen 0 2,787 07-16-2009 09:02 AM
Last Post: Naveed Yaseen
  Cut in NSS profit rates not applicable to old investments: CDNS Naveed Yaseen 0 2,626 04-15-2009 08:42 AM
Last Post: Naveed Yaseen
  Profit rate on saving schemes cut by 1.5% Naveed Yaseen 0 2,770 04-01-2009 08:34 AM
Last Post: Naveed Yaseen

Forum Jump:


User(s) browsing this thread: 1 Guest(s)