MCB Bank Half-Year Profit Reaches Rs28.1 Billion

MCB Bank Ltd delivered a robust performance during the first half of the year, reporting a consolidated net profit of Rs28.1 billion despite persistent macroeconomic headwinds. Pre-tax consolidated earnings reached Rs58.8 billion for the six-month period ending June 30, driven by operational resilience and balance sheet optimization.

On an unconsolidated basis, the financial institution recorded a profit after tax of Rs26.5 billion, generating earnings per share of Rs22.34. Unconsolidated profit before tax stood at Rs55.1 billion, reflecting steady performance across core commercial operations.

Following a board of directors meeting presided over by Chairman Mian Mohammad Mansha, the leadership approved a second interim cash dividend of Rs9 per share, or 90 percent. This payout brings the cumulative cash dividend distributed for the current annual cycle to Rs18 per share, representing a total return rate of 180 percent.

Total revenue for the half-year period expanded 6 percent year-on-year to hit Rs93.9 billion. The growth momentum was largely sustained by core net markup income, which increased to Rs75.3 billion compared to Rs71.3 billion generated during the corresponding six months of the previous year.

The improvement in fundamental income streams was supported by deliberate efforts to expand low-cost deposit reserves and optimize yield strategies, successfully countering the effect of a lower average benchmark rate environment.