MCB Bank’s consolidated profits hit Rs28.1bn

MCB Bank Ltd disclosed on Thursday that its profit before tax for the half year ended June 30 was Rs55.1 billion, with a profit after tax of Rs26.5 billion, resulting in earnings per share (EPS) of Rs22.34. The bank's consolidated PBT and PAT were reported as Rs58.8 billion and Rs28.1 billion, respectively. During a board meeting chaired by Mian Mohammad Mansha, the financial statements for the half year were reviewed and approved, showcasing a robust performance despite a challenging economic climate.

The board declared a second interim cash dividend of Rs9 per share (90 percent), bringing the cumulative cash dividend for 2026 to Rs18.00 per share (180 percent). Total income for the half year reached Rs93.9 billion, marking a 6 percent year-on-year increase. This growth was primarily driven by a rise in net markup income to Rs75.3 billion (1H2025: Rs71.3 billion), fueled by a larger low-cost deposit base and efficient yield optimization, even though the average policy rate was lower than the previous year.

Non-markup income also surged to Rs18.7 billion (1H2025: Rs17.5 billion), reflecting a 7 percent year-on-year increase. Fee and commission income climbed by 21 percent year-on-year to Rs11.9 billion, gaining momentum from the bank's digital banking franchise and higher transaction volumes. Among these, card-related income expanded by 13 percent, branch banking fee income grew by 5 percent due to enhanced customer engagement and cross-selling efforts, while consumer banking fee income soared by 27 percent, indicating increased customer activity and higher uptake of consumer financing products.

Foreign exchange income and dividend income contributed Rs4.1 billion and Rs2.1 billion, respectively, to the non-markup income base.