TC Jan-Feb 2016 PDF

TRADE CHRONICLE
MCB Bank earns
Rs25.551bn profit after
tax
MCB Bank Ltd receives Award for SAFA Best
Presented Annual Report 2014 at
SAFA conference 2016
The Board of Directors of MCB
Bank Limited, met under the
Chairmanship of Mian Mohammad
Mansha, on February 09, 2016 to
review the performance of the Bank
and approve the financial statements
for the year ended December 31,
2015.
MCB Bank reported a Profit Before
Tax (PBT) of Rs.42.333 billion and a
Profit After Tax (PAT) of Rs. 25.551
billion with an increase of 15 percent
and 5 percent over 2014, respectively.
This was primarily contributed by 13
percent increase in Net Markup
Income and 32 percent increase in
Non-Markup Income. Net Markup
Income of the Bank was reported at
Rs. 49.322 billion whereas Non-
Markup Income increased to
Rs.17.115 billion. The increase in
Non-Markup Income was due to
capital gains which increased by Rs.
2.780 billion and fee & commission
income that increased by Rs. 1.158
billion over the last year.
On the gross markup income side, the
Bank recorded an increase of Rs.
3.263 billion with major contribution
from investments income. This
growth in investment income was
achieved through prudent placements
and timely shift in concentration levels
MCB Bank declared best
bank in Pakistan
MCB Bank Ltd, Pakistan's leading
private sector bank, was determined
to be Pakistan's best bank in terms
of deposit franchise (CASA 92
percent), net interest margins (5.41
percent), low default rate (43 percent)
MCB Bank Ltd, Pakistan’s leading
private sector bank, was awarded
the SAFA Best Presented Annual
Report 2014 in the category of
Private Sector Banks at the SAFA
Conference 2016. The Award was
presented to President MCB, Mr.
of investments.
On the interest expense side, the Bank
registered a decrease of Rs. 2.546
billion over last year, which was
commensurate with the decreasing
interest rate environment.
The total asset base of MCB Bank
Limited was reported at Rs. 1.017
and ROA (2.6 percent). The analysis
was conducted by leading global
financial services company, Credit
Suisse and shared in their Asia Pacific
Financials Strategy sector review
released in January 2016.
In its analysis of MCB Bank Ltd's
performance, the report mentioned
that the bank had the best saving
Imran Maqbool by the Federal
Minister for Finance Mr.
Mohammad Ishaq Dar in recognition
of the bank’s excellence in financial
reporting, management best
practices and corporate governance
disclosures.
trillion signaling a healthy growth of
9 percent over December 2014. On
the liabilities side, Bank deposits
increased by 3% to Rs. 708.091 billion
as on December 31, 2015. On the
deposits mix front, current deposits
increased by 10% to Rs. 259.818
billion improving the CASA ratio to
93 percent as compared to 91 percent
as at December 2014.
deposit franchise in Asia with
demand deposits and saving deposits
constituting 38 percent and 54 percent
of total deposits, respectively. MCB
Bank Ltd's net interest margin had
one of the highest sensitivity to interest
rates among Pakistani banks, and
should benefit the most from an
interest rate rise.
Trade Chronicle - January - February 2016 - Page # 32