Meezan Bank has achieved the landmark of Rs. 2 trillion in terms of the value of its assets, becoming only the sixth bank in Pakistan’s banking industry to have surpassed this level.

According to a quarterly report, the overall assets of the Islamic bank increased to Rs. 2.1 trillion by end of March 2022 from the previous level of Rs. 1.90 trillion reported by the end of 2021.

The year 2022 has been very exceptional for Meezan Bank, as it reported handsome profit growth of 51 percent in the first quarter which stood at Rs. 9.2 billion. The bank mobilized deposits of Rs. 1.45 trillion. The investment of the bank stood at Rs. 920 million, whereas financing stood at Rs. 758 million by the end of March 2022.