LAHORE (PR) – The 65th Annual General Meeting of the shareholders of MCB Bank Limited under the chairmanship of Aftab Ahmad Khan has approved the recommendation of Board of Directors for final cash dividend @ 30pc and 10pc bonus issue. The chairman informed the members that MCB completed yet another remarkable year in terms of financial performance and growth. The Bank reported profit before tax of Rs 32.054 billion and profit after tax of Rs. 20.941 billion with an increase of 2pc and 8pc, respectively.

Net markup income of the Bank was reported at Rs 40.856 billion whereas non-markup income came to Rs. 9.153 billion. Non-markup income registered an increase of Rs 1 billion (13pc) owing to 16pc increase in fee, commission and brokerage income and 19pc increase in dividend income during the year.