Meezan Bank Limited has achieved a historic milestone by surpassing Rs 3 trillion in deposits by the end of June 2025, marking a significant achievement in the evolution of Islamic banking in Pakistan. The financial results, disclosed through a statement to the Pakistan Stock Exchange (PSX), highlight the Bank’s rapid growth trajectory and its increasing reliance on digital banking solutions to expand its customer base and strengthen operations.
By the close of the first half of 2025, Meezan Bank’s total deposit portfolio reached Rs 3.04 trillion, reflecting an 18 percent increase compared to Rs 2.58 trillion at the end of December 2024. This remarkable rise was underpinned by the addition of nearly 686,000 new customer accounts during the six-month period, cementing Meezan’s leadership as Pakistan’s largest Islamic bank.
Breaking down the portfolio, Current Account deposits contributed more than Rs 1.54 trillion, while Current and Savings Account (CASA) deposits accounted for a commanding 94 percent of the total, amounting to Rs 2.86 trillion. On the balance sheet side, the Bank’s total assets climbed to Rs 4.1 trillion, representing a 6 percent increase compared to December 2024. The growth was fueled by a 28 percent surge in the investment portfolio, which rose to Rs 2.4 trillion, largely driven by Sukuk investments.
Despite a 24 percent decline in the gross financing portfolio, Meezan Bank demonstrated resilience by maintaining robust asset quality. The Non-Performing Financing (NPF) ratio stood at 2.5 percent, supported by a coverage ratio exceeding 140 percent. The Bank’s SME banking segment continued its upward momentum, growing to Rs 34.1 billion, while its Digital Supply Chain Financing programme crossed the Rs 7 billion mark, signaling strong adoption of innovative financial solutions.
On the income side, Meezan Bank posted significant growth in fee and commission earnings, which rose 40 percent to Rs 16.4 billion. This expansion was driven by enhanced trade handling, branch banking services, and a surge in debit card usage. The Bank’s card portfolio increased to 4.18 million, a 22 percent year-on-year growth, further supported by the rollout of Google Wallet, which bolstered Meezan’s presence in Pakistan’s evolving digital payments ecosystem.
Profit After Tax for the first half of 2025 stood at Rs 46.2 billion, slightly below Rs 51.4 billion reported during the same period in 2024. The decline was attributed to a lower policy rate environment coupled with higher taxation. Nonetheless, the Bank preserved strong profitability metrics, recording a Return on Equity of 36.4 percent and Return on Assets of 2.3 percent, alongside a healthy Capital Adequacy Ratio of over 20 percent, reflecting its robust capital position.
Meezan Bank’s continued expansion of both its physical and digital footprint reinforces its customer-centric approach. The Bank now operates a vast network of more than 1,050 branches and over 1,250 ATMs nationwide. At the same time, its sustained investment in digital services highlights a dual focus on convenience and innovation, ensuring accessibility for customers across Pakistan.
As the financial sector faces a challenging environment shaped by policy shifts and evolving consumer expectations, Meezan Bank’s strategy reflects a balanced approach of leveraging technology while strengthening traditional banking services. By maintaining a strong foundation in Shariah-compliant banking and investing in digital transformation, the Bank is positioned to sustain its leadership role and drive future growth.