Pakistans largest Islamic bank, Meezan Bank Limited, announced its 2012 half-yearly financial results on Monday, registering a very decent 33 percent year-on-year growth in net profits. The leading Islamic bank kept pace with the industrys deposit growth during the period - registering an impressive 14 percent growth in deposits over the period ended December 31, 2011. Money supply growth in the market during the same period was recorded at nine percent.
The utilisation of the deposits is where the real story lies. As has been the case of late with the domestic banking industry, growth in investments has outpaced the growth in advances………………………………………..Full Article: Source