Karachi: MCB Bank Limited posted consolidated earnings of Rs 34.451 billion in 2022, up 10 percent from year ago, notice sent to Pakistan Stock Exchange (PSX) stated. MCB announced an interim cash dividend of Rs 6 per share i.e. 60 percent for quarter ended December 31 2022. This is in addition to interim dividend already paid at Rs 14 per share i.e. 140 percent. As per consolidated profit and loss account of MCB, bank said its profit-before-tax during 2022 increased to Rs 75.34 billion against Rs 53.27 billion during 2021, representing an increase of 41.4 percent. Profit After Tax (PAT) registered an increase of 10 percent from Rs 31.32 billion, translating into Earning Per Share of Rs 29 compared to an EPS of Rs 26.31 for same time last year.

Moreover, MCB’s net interest income during 2022 increased by 40 percent over corresponding period last year. Non-markup income increased to Rs 25.91 billion in 2022 against Rs 20.65 billion in 2021, registering growth of 25.4 percent. Increase in non-markup income came mainly from foreign exchange, which increased from Rs 3.84 billion in 2021 to Rs 9.58 billion, an increase of 149 percent.

Published in The Daily National Courier, February, 09 2023

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