KARACHI - Meezan Bank Limited recently held its 14th Annual General Meeting of its shareholders in Karachi. The shareholders considered the matters presented through the Notice of Meeting that had been circulated earlier and all matters including the approval of the Annual Audited and Consolidated Accounts and approval of 5 per cent Bonus shares were passed. Irfan Siddiqui (President and CEO) chaired the meeting that was attended by Naim Farooqui representing Pakistan Kuwait Investment Company (Pvt.) Ltd, Azfar Hussain Qarni representing Islamic Development Bank, Jeddah, Shabbir Hamza Khandwala (Chief Financial Officer) and Najmul Hussain (Partner, External Auditors - KPMG Taseer Hadi & Co.) and other Shareholders of Meezan Bank. Irfan Siddiqui informed that Meezan Bank was the 1st Bank to announce its audited financial results for the year ended Dec 31, 2009. The members also acknowledged the good performance of the Bank despite difficult economic conditions. Meezan Bank crossed Rs. 100 billion in deposits, Rs. 100 billion in trade finance (import & export) business and a network of over 200 branches for the year ended 31st December 2009. Meezan Bank is the first and largest Islamic Bank operating in Pakistan with 201 branches in 54 cities. The Bank offers a complete range of Islamic products and services including car leasing and home mortgages. The Banks retail banking network is supported by 24/7 banking services - these include 150 ATMs, Internet Banking and a 24-hour Call Center. The Bank has recently launched its VISA Debit card that allows its customers to shop at more than 30 million merchants worldwide and withdraw funds from their accounts from more than 1.4 million ATMs worldwide. The Bank was also awarded Best Islamic Bank of Pakistan for the fourth consecutive year in 2009 by Islamic Finance News and the Best Islamic Financial Institution in Pakistan in 2009 by Global Finance.