950830

MCB's pre-tax

profits rise

24.8 percent

QUETTA: The meeting of the Board of Directors of Muslim Commercial Bank Limited was held here on Wednesday, says a press release. Chairman MCB S.M. Munir presided over the meeting.

The Board approved the half-yearly accounts as at 30th June, 1995. The pre-tax profit was Rs 272.6 million as compared to Rs 218.3 million on June, 1994, a rise of Rs 54.2 million 24.8 percent. The deposits reflected a rise of 23 percent to Rs 88,651 million in June 1995 from Rs 72,130 million in June, 1994.

The performance of the Bank was appreciated and the president and management were complemented for better performance.

The Board of Directors also approved a contribution of Rs 20 million by the Bank towards Prime Minister's Flood Relief Fund.