INTERIM RESULTS FOR THE HALF YEAR ENDED 30 JUNE’07

MCB Bank’s Board of Directors reviewed the bank’s performance for the first half 2007 in a meeting held on 23rd August 2007 in Lahore, Pakistan and announced a cash dividend of PKR 2.5 per share.

“I am pleased to report that MCB Bank has once again demonstrated its ability to maximize return by maintaining cost efficiencies and growing into higher yielding assets. Consumer business growth is on track and is expected to continue strong growth. We continue to fine tune our systems, product capabilities and distribution network. Our goal is to keep investing in opportunities to further strengthen our foundation for continued strong growth “

Mr. Atif Aslam Bajwa, CEO MCB Bank.

HIGHLIGHTS FIRST HALF

2007 RESULTS

(Consolidated Accounts)

. Net Income up 31.73% to Rs.7,929 M (US$131M) compared to 1H 2006 and 45.92% over 2Q06 and Net Interest Income 17.20% and 12.75% respectively.

. The Net Interest Margin 8.27% from 8.08% in 1H2006 and at 8.38% for the quarter.

. Cost to Income Ratio down to 20.03% for first six month of 2007 compared to 29.48% in 2006 and 12.30% for the quarter down from 28.43% in 2Q06.

. Total Assets up 6.3% to Rs. 386Bn (US$6.4Bn) from Rs. 363Bn (US$6.0 Bn) last quarter, Loans growing by 3.8% to Rs.194Bn (US$ 3.2Bn) and deposits by 7.2% to Rs. 301Bn (US$5.0 Bn).

. Return on Average Shareholder’s Equity was 39.00% for the first half and 40.46% for 2Q07.

. Total capital adequacy ratio 19.96% with Tier 1 at 17.33%.

. Basic earning per share Rs.12.62 (US$0.2 per share) for 1H07 and Rs. 6.55 for the quarter.

The share transfer books of the company will be closed between September 13th, 2007 and September 20th, 2007 (both days inclusive).

For Half yearly 2007 results (Stand alone Accounts). Click Here...
For Half yearly 2007 results (Consolidated Accounts). Click Here..

E-mail: Investor.relations@mcb.com.pk

Investor Relations
MCB House
15-Main Jail Road
Gulberg
Lahore, Pakistan