MCB Bank quarterly income rises 12pc

MCB Bank Ltd posted unconsolidated earnings of Rs8.7 billion in July-September, up 11.7 per cent from a year ago. A stock filing showed on Wednesday the bank announced a third interim cash dividend of Rs5 per share, bringing the total cash dividend for the nine months of 2022 to Rs14 per share. A press release issued by the bank said its profit-before-tax for the first nine months of 2022 increased to Rs51.6bn against Rs38.3bn of the last year’s corresponding period. The bank reported the highest-ever quarterly profit-before-tax of Rs19.05bn in the latest quarter.