KARACHI: MCB Bank has posted Rs13.5 billion profit in the first six months of calendar year 2015, showing 14.1% growth against the last year.
According to the bank’s financial accounts, MCB Bank reported a net profit of Rs5.4 billion in the second quarter (April-June), which reflects a year-on-year decrease of 11.1%. On a sequential basis, however, the quarterly decrease in MCB Bank’s profitability was more pronounced, as its earnings plunged almost 30% in the April-June period.
Net interest income, or core income, surged 15.9% in the six-month period to Rs24.9 billion. An exceptional growth in capital gains and dividend income pushed up non-interest income by 68.7% to Rs9.4 billion in the period under review.
