Earnings Report /
Pakistan

Meezan Bank: 2QCY21 review – Delivering on all fronts

  • MEBL posted 2QCY21 EPS of PKR4.72, up 3%yoy, and 10%qoq, slightly above expectations

  • MEBL is delivering on all fronts, with aggressive balance sheet expansion, superior asset quality

  • The share is currently trading near our Dec’21 TP of PKR140/sh.

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
12 August 2021