Meezan Bank – the leading and largest Islamic Bank of Pakistan, has been awarded ‘Islamic Bank of the Year’ for 2012 by CFA Association of Pakistan (CFAAP) at its 9th Annual Excellence Awards held in Karachi.
This is the third consecutive year in which Meezan Bank has been awarded ‘Islamic Bank of the Year’ by CFAAP. This award highlights Meezan Bank’s continuous growth and successful year of 2011 in which Meezan Bank announced a growth of 106 % in its Profit-after-tax (Dec-2011), a deposit figure of over Rs. 170 billion and held the 9th largest bank branch network in Pakistan.
The CFA Awards are given to best performing Banks to recognize excellence in the commercial banking industry. The CFA Association of Pakistan (CFAAP) is a non-profit professional organization of local investment professionals, and a member society of CFA Institute, USA. CFA Institute is a global organization of analysts, portfolio managers, financial professionals and administers the prestigious Chartered Financial Analyst (CFA) program worldwide.