LAHORE: The country’s one of the leading commercial banks, MCB Bank Limited, earned Rs25.551 billion for the year ended December 31, 2015, up five percent over the preceding year.
According to the bank’s board of directors, a final cash dividend of Rs4/share for 2015, which was in addition to Rs12/share interim dividends already paid to the shareholders. The dividend is for the shareholder whose name will appear in the register of members on March 20, 2016. This is in addition to interim dividends already paid at Rs12/share.
The board met under the chairmanship of Mian Mohammad Mansha to review the performance of the bank. The bank reported a profit before tax of Rs42.333 billion in 2015, up 15 percent over 2014.
Earnings per share for the year were declared at Rs22.96 as compared to Rs21.85 for the year ago. Return on assets and equity were reported at 2.62 percent and 23.25 percent, respectively, whereas book value per share stood at Rs. 101.44.
The net interest income after adjustment of provisions for loans and bad debts improved 7.52 percent to Rs49.55 billion in the year from Rs43.64 billion earned last year.
