Banking Results 2018 - KPMG Results 2018 .pdfThe financial statements of First Women Bank Limited,...

Banking Results 2018 Commercial Banks Operating

in Pakistan

KPMG Taseer Hadi & Co.

Chartered Accountants

kpmg

© 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms

affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.



ForewordThis report has been prepared by KPMG Taseer Hadi & Co. and

summarizes the performance of selected commercial banks in

Pakistan for the year ended 31 December 2018.

The results and KPIs compared for each bank are:

Total Assets Capital Adequacy Ratio (CAR)

Net Assets Return on Average Equity (ROE)

Impairment cover Return on Average Assets (ROA)

Net Interest Margin Average Advances to Average

Deposits Ratio

Spread Non funded income as a percentage of

net interest income

CASA Non - performing advances to Gross

Loans

EPS Market Capitalization

Profit before and

after tax

Operating expenses to average

deposits ratio

Liquidity Individual deposits to total deposits

Average deposits

per branch

Compensation costs to average

deposits

Reference should be made to the published financial statements

of the banks and KPI definitions included in this report to enhance

the understanding of ratios and analysis of performance of a

particular bank.

The financial statements of First Women Bank Limited, Summit

Bank Limited and Sindh Bank Limited were not published till the

date of our publication, and accordingly their results are not

included in this report.

Comparative figures of 2017 as reported in our Banking Results

2017 have been updated to correspond with comparative figures

reported in 2018 financial statements.

We have tried to provide relevant financial analysis of the banks

which we thought would be useful for benchmarking and

comparison. We welcome any comments, which would facilitate

improving the contents of this report. The comments may be sent

to [email protected].

Karachi: 20 May 2019

© 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member



ContentsEXECUTIVE SUMMARY 1

AT A GLANCE 7

SUMMARY OF FINANCIAL INFORMATION 15

SPREAD 21

OPERATING EXPENSES 23

LOANS AND ADVANCES 29

LIQUIDITY (AVERAGE ADVANCES TO AVERAGE DEPOSITS) 33

DEPOSITS 37

DEFINITIONS 45

GLOSSARY 47

CREDIT RATINGS 49

NUMBER OF BRANCHES 51



1

Banking Results 2018 © 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms


Executive Summary

Total Assets

Total assets of the banks included in report

increased by 8.75% to Rs. 19,645 billion at

31 December 2018 (2017: 18,064 billion).

Most banks maintained their rankings in total

assets. DIB, BOP, Faysal, Citibank, BOC and

BAH improved their ranking while BAF, SCB,

HMB, Islami, Albaraka, BOK and BOT

reduced.

Islamic Banks total assets increased to Rs.

1,614 billion at 31 December 2018 from Rs.

1,371 billion last year, registering a growth of

17.72%.

BOC has been excluded from the chart as

2018 is their full year of operation

Profitability

In 2018, the banking industry witnessed

mixed results in profitability. The overall

profitability increased by 1.97% from Rs. 254

billion to Rs. 259 billion.

Islamic banks profits increased to Rs. 18

billion compared to Rs. 12 billion last year.

19,645

18,064

10,000

11,000

12,000

13,000

14,000

15,000

16,000

17,000

18,000

19,000

20,000

21,000

Ru

pe

es in

billio

ns

Total Assets - Rupees in billions

20172018

25%

21%

19%18% 17% 17% 17%

14%

12%12%

11% 11%

0%

5%

10%

15%

20%

25%

30%

In

p

erce

ntag

es

Banks with higher growth than average

Percentage change Average: 8.75%

259 254

100

150

200

250

300

Ru

pe

es in

billio

ns

Profit before tax - Rupees in billions

2018 2017

idd



2

Banking Results 2018

Spread The overall average spread of the industry for

last five years as disclosed in SBP statistical

bulletin is as follows:

2018 2017 2016 2015 2014

In percentages

Weighted average

lending rate 8.2 7.9 8.5 9.6 11.1

Weighted average

deposit rate 3.3 2.9 3.3 4.1 5.0

Banking spread 4.9 5.0 5.2 5.5 6.1

The average spread of banks included in our

report was 3.97% (2017: 3.73%).

Islamic banks improved their spread to

4.49% in 2018 from 4.30% in 2017.

Non-funded income To increase profitability, banks have put more

focus on value added services. Moreover the

fluctuation in foreign exchange rate also

resulted in increase of foreign exchange

income from Rs. 24.69 billion to Rs. 38.32

billion. Overall, non-funded income increased

by 15.11% from Rs. 144.71 billion to Rs.

166.58 billion.

167

145

100

110

120

130

140

150

160

170

Rupees in

billion

s

Non Funded Income - Rupees in billions

2018 2017

in percentages

Average Spread - 2018

Spread : 3.97

Deposit : 3.93

Lending : 7.91

8.23%

5.38%5.32%5.26% 5.17%

5.08%

5.05%

5.03%

4.45%4.40%

4.11% 4.10%4.10%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

In

percen

tages

Banks with higher spread than average

Spread Average: 3.97%

3



Operating Expenses

Banks operating expenses increased by

11.87% (2017: 9.85%).

Operating expenses to average deposits

Operating expenses to average deposits

increased to 3.1% from 2.9% in 2017.

Compensation costs to average deposits

Compensation costs to average

deposits have slightly increased by

0.01% from 1.49% to 1.50%.

2.2% 2.3% 2.4% 2.5% 2.5% 2.5%2.8% 2.8% 2.9% 3.0% 3.1% 3.2%

3.4%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

In percentages

Banks with lower Operating Expenses to Average Deposits ratio than average

Operating Expenses to Average Deposits Average: 3.5%

202 181

1047683 74

29 26

418

356

0

100

200

300

400

500

2018 2017

Rupees in billions

Operating expenses

Compensation expenses Other operating expenses

Property expenses Information technology expenses

Total

0.73%

1.05%

1.09%

1.22%

1.26%

1.33%1.36%

1.37%1.38%

1.41%1.47%1.47%1.48%1.49%

1.53%

1.55%

1.58%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

1.80%

In p

erce

nta

ges

Banks with lower Compensation to Average Deposit ratio than average

Compensation expense to average deposits Average: 1.70%

idd



4


Loans and Advances

Loans and advances increased by 22.27%

(2017: 20.77%).

Islamic banks loans grew by 20.59% (2017:

33.01%) to Rs. 950 billion (2017: Rs 788

billion).

178.21%

56.69%

39.85%36.68%

31.50% 29.87% 27.97% 27.47%25.19% 25.13% 24.59% 24.26% 23.57%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

140.00%

160.00%

180.00%

200.00%

In

percen

tages

Banks with high level of growth in advances than average

Growth in Advances Average: 22.27%

Deposits Deposits increased by 11.06% from Rs.

12,737 billion to Rs. 14,146 billion.

Islamic banks deposits increased by 17.88%

(2017: 16.19%) to Rs. 1,325 billion (2017: Rs.

1,124 billion).

8,322

6,807

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Rupees in

billion

s

Loans and Advances - Rupees in billions

2018 2017

6,533 5,964

4,061 3,675

1,887 1,565 861 724 803 809

14,146

12,737

(1,000)

1,000

3,000

5,000

7,000

9,000

11,000

13,000

15,000

2018

Rupees in billions

Deposits

Individual Private Sector

Government (Federal and Provincial) Banking Companies and Non-Banking Financial Institutions

Public Sector Entities Total

5



Individual deposits to total deposits Individual deposits to total deposits have

decreased by 0.58% from 45.72% to

45.14%.

Current Account Savings Account (CASA) Average CASA increased to 65.50% (2017:

64.06%).

22.03%

20.58%20.30%

18.80%

17.73%

16.46%

15.43% 15.32%15.06%

12.53%12.10%

11.40%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

DIB Citibank Silk SAMBAMeezan NBP Soneri ICBC BAH SCB MCB ABL

In

percen

tages

Banks with higher growth in deposits than average

Deposits Average: 11.06%

62.9%62.4%

57.9% 55.9%55.4%

49.5%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

BAH MCB UBL SCB HBL BAF

In p

erce

nta

ges

Individual deposits to total deposits

individual deposits to average deposits Average: 45.1%

88.26%

72.68%

77.30%

79.17%

70.64%

68.34%

72.59%

81.09%

67.59%

91.84%

75.92%

82.10%

84.01%

70.15%

75.61%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

In

percen

tages

Banks with higher CASA rate than average

CASA Average: 65.50%

idd



6


Average advances to average deposits

(ADR) Average advances to average deposits ratio

increased to 53.09% in 2018 (2017: 47.57%).

80.03% 78.43%

76.01% 75.48%

70.20% 69.00% 68.74%67.98%

64.55%63.41%

62.39%

56.21%

54.47%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

In

percen

tages

Bank with higher ADR than average ADR

ADR Average: 53.10%

7



At a Glance

2018 2017 2018 2017 2018 2017 2018 2017

Ranking

By total assets 1 1 2 2 3 3 4 4

By net assets 2 1 1 2 3 3 4 4

By profit before tax 4 4 2 2 3 1 1 3

Profit before tax

(Rupees in millions)

Net Interest Margin 2.1% 2.7% 1.2% 1.6% 2.0% 2.2% 2.4% 2.6%

Spread 5.1 5.0 5.0 4.6 3.7 3.2 4.4 4.1

Return on Average Equity 6.4% 4.6% 10.3% 13.0% 8.8% 15.3% 13.3% 14.6%

Return on Average Assets 0.4% 0.3% 0.8% 1.0% 0.7% 1.4% 1.4% 1.8%

Operating Cost to Net

Interest Income Ratio

Operating Expenses to

Average Deposit Ratio

Net provision / (reversal)


Impairment cover

(Times)

Non Performing Advances

to Gross Loans

Total Assets


Net Assets


Capital Adequacy Ratio 16.2% 16.0% 16.7% 16.5% 17.0% 15.1% 17.0% 16.3%

CASA 82.1% 83.0% 79.2% 76.8% 72.7% 69.6% 88.3% 89.2%

EPS 8.22 5.79 9.36 10.90 12.65 21.20 17.17 19.13

Market Price 120.45 167.09 42.03 48.56 122.64 187.97 193.57 212.32

Market Capitalization


91.8% 76.2% 94.4% 91.6% 69.4% 67.7% 76.1% 70.9%

174,494 151,323 156,543

2,130,913 1,585,210

199,252 188,751 211,061 179,676 168,624

7.0% 8.2% 12.7% 14.2% 8.5% 7.6% 8.0% 8.9%

3.1% 3.4% 3.5%3.6% 2.0% 3.1% 3.0% 2.4%

5.3 79.9 3.7 68.6 2.9 16.6 - 30.2

21,584 29,487 29,880 36,144 25,388 40,889 30,806 30,614

176,682 245,096 89,419 103,312 150,133 230,109 229,392 251,612

1,389,492 3,025,853 2,696,218 2,803,886 2,511,452 2,002,493

HBL NBP UBL MCB

5,009 374 11,205 535 13,102 2,629 (822) 1,047

idd



8


2018 2017 2018 2017 2018 2017 2018 2017

Ranking

By total assets 5 5 6 7 7 6 8 8

By net assets 5 5 8 8 6 6 9 11


Profit before tax



Spread 4.1 3.9 3.6 3.0 5.3 4.8 4.0 3.6









Impairment cover

(Times)


to Gross Loans

Total Assets


Net Assets



CASA 81.1% 77.7% 77.3% 78.4% 75.9% 77.5% 72.6% 73.8%

EPS 11.38 11.29 7.61 7.65 6.20 4.88 7.66 4.95

Market Price 107.47 84.98 68.79 58.36 40.59 42.50 92.39 67.10



76.2% 77.7% 78.4% 87.3% 71.6% 84.0%70.7%

38,410 49,995 46,278 77,022 66,830 43,577

1.5% 3.5% 4.2% 1.3% 1.5%

3.9% 2.8%

73.7%

0.0 0.0

3.5% 4.6%

108,790 108,050

2.8%

65.8 206.0 33.8 0.0 14.0 8.7

1.1%

3.2% 3.2% 3.7%2.5% 2.6%

221 68 545 (616) 1,168 1,283

71,321

21,233 21,144 14,306 13,902 17,879 14,272 15,181

793,076

123,061 97,308 76,455 64,863 72,021 68,322 108,022

1,048,726 944,630 1,008,605 1,001,034 941,751 1,352,390 1,251,276

MeezanBAH BAFABL

9,933

(1,090) (2,526)

9



2018 2017 2018 2017 2018 2017 2018 2017

Ranking

By total assets 9 11 10 10 11 9 12 13

By net assets 12 13 13 12 11 9 10 10


Profit / (loss) before tax



Spread 4.4 4.0 3.9 3.4 2.7 2.8 5.4 4.6

Return on Average Equity 22.5% -11.5% 13.4% 15.7% 15.2% 14.0% 11.8% 12.2%

Return on Average Assets 1.1% -0.6% 0.6% 0.8% 1.0% 1.0% 0.9% 1.0%







Impairment cover

(Times)


to Gross Loans

Total Assets


Net Assets



CASA 64.2% 66.0% 84.0% 83.5% 55.1% 52.5% 67.6% 69.9%

EPS 2.85 (1.65) 3.51 4.06 5.90 5.41 3.22 2.97

Market Price 11.97 8.24 23.92 19.31 45.81 34.50 24.07 21.26



43,533 39,232 37,876 29,840 33,600 32,545 40,452

11.7% 15.0% 7.2% 9.4% 7.0%

714,716 657,900 706,666 662,939 678,839

(1,222) 14,737 1,461 (1,176) 382

75.2% 90.8% 91.7%

2.2% 2.0% 2.9% 3.0% 2.3% 2.3% 3.8% 3.6%

63.5% 65.3% 85.4% 93.5% 72.2%

31,645 21,784 30,145 24,336 48,001 36,150 36,531 28,058

(113) (422) (492)

0.0 - -00

9.3% 8.3% 10.7%

667,237 599,996 494,920

43,863

0.0 0.7 5.7 0.0 28.1

FaysalAskari HMBBOP

9,511 8,302 7,269 12,272 (4,696) 6,876 8,352 10,345

idd



10


2018 2017 2018 2017 2018 2017 2018 2017

Ranking

By total assets 13 12 14 14 15 15 16 16

By net assets 7 7 15 14 14 16 16 15


Profit before tax



Spread 5.3 5.7 4.1 2.7 2.1 3.7 3.1 2.8









Impairment cover

(Times)


to Gross Loans

Total Assets


Net Assets



CASA 91.8% 90.8% 51.3% 46.4% 53.2% 49.2% 59.4% 68.5%

EPS 2.90 2.13 0.34 0.79 0.00 -00 1.62 1.51

Market Price 24.12 23.85 7.37 7.52 0 -00 12.67 13.40



23.8% 106.1% 108.2%60.0% 71.2% 120.6% 144.5% 27.8%

16,840 17,989 18,505

93,383 92,337 9,562 8,065 -00 -00 13,968 14,773

67,238 62,937 18,439 19,668 26,258

0.0% 5.8% 5.9%

576,081 519,832 460,541 394,124 459,263 391,849 382,498 325,219

9.3% 12.5% 3.3% 1.7% -

82 (71) 78

0.0 48.4 7.8 6.6 58.2 65.7 - 37.7

(1,218) 284 158 332 147

5,332 2,904 2,848

2.8% 3.2% 3.6% 3.6% 3.9% 2.7% 3.0% 3.2%

18,446 13,453 1,071 1,863 8,412

SCB SoneriICBCJS

11



2018 2017 2018 2017 2018 2017 2018 2017 2018 2017

Ranking

By total assets 17 19 18 17 19 18 20 20 21 22

By net assets 17 18 21 17 18 19 19 20 23 23

By profit before tax 16 17 21 16 23 22 18 19 15 14

Profit before tax


Net Interest Margin 2.8% 2.6% 1.9% 1.4% 2.4% 1.9% 4.1% 3.7% 0.9% 1.2%

Spread 5.0 5.3 3.1 2.4 4.1 4.0 8.2 8.0 4.0 1.9

Return on Average Equity 15.9% 11.9% 3.4% 11.4% 2.2% 12.4% 9.6% 9.0% 37.4% 23.0%

Return on Average Assets 1.2% 1.0% 0.2% 0.8% 0.1% 0.8% 0.8% 0.8% 2.8% 1.9%







Impairment cover

(Times)


to Gross Loans

Total Assets


Net Assets


Capital Adequacy Ratio 14.0% 13.4% 12.3% 20.0% 15.1% 14.7% 10.9% 10.9% 24.9% 27.8%

CASA 70.6% 69.4% 53.1% 49.5% 68.3% 72.6% 61.1% 59.5% 70.2% 81.2%

EPS 2.15 1.41 0.47 1.79 0.33 1.66 0.15 0.13 - -

Market Price 0.00 -00 12.95 13.50 12 9.29 1.25 1.58 - -



73.9%74.2% 79.3% 113.4% 104.1% 52.6%89.5% 78.7% 124.1% 118.3%

9,364 11,352 14,349 - - - - 12,953 13,503 12,095

14,227 14,387 13,181 10,620 9,203 16,750 14,912 11,705 15,398 15,276

218,861 173,677 166,855 140,948 120,220 231,823 184,994 223,095 245,132 216,833

12.1% 6.4% 6.5% 6.4% 10.3%1.9% 1.9% 4.7% 5.5% 11.9%

- 2.5 3.5 - -19.6 14.9 - - -

(392) 1,269 554 (55) (68) 222 185 (171) (123) (3)

3.8% 5.7% 6.6% 2.5% 2.8%3.6% 4.1% 2.5% 2.4% 3.8%

271 1,876 1,387 5,951 3755 4,119 2,564 707 2,795 513

BOK IslamiDIB Silk Citibank

idd



12


2018 2017 2018 2017 2018 2017 2018 2017 2018 2017

Ranking

By total assets 22 21 23 23 24 24 25 26 26 25

By net assets 22 22 20 21 24 24 25 25 26 26





Spread 5.2 4.9 3.6 1.7 3.9 5.6 (2.3) -00.0 2.4 1.1

Return on Average Equity -2.4% -3.5% 5.4% 5.9% 5.0% 11.4% -4.5% -8.0% 3.3% 3.3%

Return on Average Assets -0.2% -0.3% 0.6% 0.7% 1.0% 2.4% -2.6% -7.0% 1.2% 1.1%







Impairment cover

(Times)


to Gross Loans

Total Assets

(Rupees in Millions)

Net Assets

(Rupees in Millions)

Capital Adequacy Ratio 11.8% 10.2% 19.0% 19.7% 27.6% 28.8% 129.2% 1139.3% 93.8% 67.3%

CASA 75.6% 78.2% 54.9% 57.7% 59.0% 32.6% 7.0% 0.0% 27.3% 12.2%

EPS -0.18 (0.28) 0.68 0.73 0.00 -00 0.00 -00 0.00 -00

Market Price 0 -00 8.04 6.96 0 -00 0 -00 0 -00



151.8%113.6% 84.8% 136.7% 2376.7% 125.5%136.1% 86.6% 132.4% -

-00 -00 -00 -00 -00 -00 -00 8,106 7,017 -00

6,953 6,465 5,310 4,299 4,163 10,705 10,762 12,784 12,708 7,597

34,300 14,764 6,031 8,977 14,693 128,813 122,652 122,764 118,224 35,391

1.7% 0.0% 0.0% 0.0% 0.0%8.8% 10.1% 4.3% 5.5% 1.5%

670.9 - -00 13.5 -00 0.7 0.0 17.2 10.2 0.0

2 -00 -00 15 -00 770 185 68 101 (5)

5.4% 15.5% 0.0% 5.1% 3.4%4.9% 5.0% 3.8% 3.9% 6.1%

1,142 (524) (211) 189 225 (245) (531) 1,110 931 613

BOC BOTAlbaraka Samba DB

13



Islamic Banks

2018 2017 2018 2017 2018 2017 2018 2017 2018 2017

Ranking

By total assets 1 1 2 3 3 2 4 4 5 5

By net assets 1 1 2 2 3 3 4 4 5 5





Spread 4.0 3.6 5.0 5.3 4.1 4.0 5.2 4.9 4.1 3.7

Return on Average Equity 22.3% 15.8% 15.9% 11.9% 2.2% 12.4% -2.4% -3.5% -11.1% -2.6%

Return on Average Assets 1.1% 0.8% 1.2% 1.0% 0.1% 0.8% -0.2% -0.3% -1.5% -0.7%







Impairment cover

(Times)


to Gross Loans

Total Assets


Net Assets


Capital Adequacy ratio 14.9% 13.4% 14.0% 13.4% 15.1% 14.7% 11.8% 10.2% 13.3% 23.8%

CASA 72.6% 73.8% 70.6% 69.4% 68.3% 72.6% 75.6% 78.2% 85.8% 76.4%

EPS 7.66 4.95 2.15 1.41 0.33 1.66 (0.18) (0.28) (0.99) (0.26)

Market Price 92.39 67.10 - - 12.00 9.29 - - - -



Meezan IslamiDIB Albaraka MCBIB

15,181 9,933 4,119 2,564 513 271 (245) (531) (1,681) (351)

2.8% 2.8% 3.6% 4.1% 3.8% 3.8% 4.9% 5.0% 5.8% 7.9%

1,168 1,283 222 185 (3) (392) 770 185 896 (0.1)

14.0 8.7 19.6 14.9 - 0.3 0.7 - - -

1.3% 1.5% 1.9% 1.9% 11.9% 12.1% 8.8% 10.1% 0.0% 0.0%

941,751 793,076 231,823 184,994 216,833 218,861 128,813 122,652 94,894 51,746

43,577 38,410 16,750 14,912 15,276 14,227 10,705 10,762 10,070 9,631

108,022 71,321 - - 12,095 9,364 - - - -

174.9%71.6% 74.2% 113.4% 113.6% 162.2%84.0% 89.5% 124.1% 136.1%

idd



14


15



Summary of Financial Information Assets as at 31 December 2018

HBL 322,103 1,390,052 51,277 1,080,440 71,949 110,032 3,025,853

NBP 260,967 1,284,974 106,392 926,340 55,195 170,018 2,803,886

UBL 229,663 831,159 35,347 754,552 52,774 98,998 2,002,493

MCB 123,503 754,386 39,150 566,792 44,984 56,395 1,585,210

ABL 101,752 672,587 53,786 438,358 52,156 33,751 1,352,390

BAH 82,443 414,981 - 478,214 26,364 46,724 1,048,726

BAF 86,319 279,252 62,172 501,640 19,634 59,588 1,008,605

Meezan 73,299 127,115 184,815 512,565 13,873 30,084 941,751

BOP 49,427 210,053 27,443 382,110 9,691 35,992 714,716

Askari 53,281 260,234 - 343,107 13,533 36,511 706,666

HMB 50,094 341,284 11,985 236,113 4,111 35,252 678,839

Faysal 45,023 213,816 2,997 296,445 13,406 28,309 599,996

SCB 52,638 279,066 6 ,465 169,544 33,933 34,435 576,081

JS 33,090 149,601 1,937 252,308 9,154 14,451 460,541

ICBC 31,674 175,857 207,924 22,713 593 20,502 459,263

Soneri 27,199 146,646 3 ,921 186,475 6 ,693 11,564 382,498

DIB 18,995 45,851 4,000 153,306 1,551 8,120 231,823

BOK 16,057 94,233 7,696 95,012 2,295 7,802 223,095

Islami 15,457 39,237 18,174 118,321 9,857 15,787 216,833

Silk 9,182 28,925 12,612 98,354 4,208 20,396 173,677

Citibank 9,767 66,498 12,459 40,004 486 11,734 140,948

Albaraka 15,789 21,345 - 75,012 3 ,884 12,783 128,813

SAMBA 5,651 48,021 9,449 53,592 1,185 4,866 122,764

DB 7,182 - 19,151 6 ,249 215 2,594 35,391

BOC 7,249 6 ,570 276 134 236 299 14,764

BOT 3,634 934 2,468 1,823 10 108 8,977

1,731,438 7,882,677 881,896 7,789,523 451,970 907,095 19,644,599

Bank Cash & bank Investments

Lendings to

financial

institutions

Loans and

advances - net

of provisions

Operating fixed

assets &

intangible

assets

Other assets Total assets

Rupees in millions

idd



16


Liabilities and Equity as at 31 December 2018

HBL 42,461 523,319 2,137,293 9,990 113,538 199,252 3,025,853

NBP 9,944 392,739 2,011,313 - 178,829 211,061 2,803,886

UBL 27,273 279,918 1,448,324 9,000 69,354 168,624 2,002,493

MCB 17,003 223,216 1,122,307 3 ,891 67,470 151,323 1,585,210

ABL 7,753 225,883 984,463 - 25,501 108,790 1,352,390

BAH 20,604 119,038 796,852 14,996 47,241 49,995 1,048,726

BAF 35,988 124,018 702,847 11,989 56,741 77,022 1,008,605

Meezan 23,751 36,408 785,444 14,000 38,571 43,577 941,751

BOP 3,578 41,801 595,562 8,797 27,102 37,876 714,716

Askari 15,513 52,702 573,597 9,994 21,260 33,600 706,666

HMB 12,173 53,009 542,840 - 30,365 40,452 678,839

Faysal 23,544 98,352 409,383 - 25,184 43,533 599,996

SCB 16,943 24,024 424,899 - 42,977 67,238 576,081

JS 3,520 96,558 319,807 7,497 14,720 18,439 460,541

ICBC 1,292 355,486 66,540 - 9,687 26,258 459,263

Soneri 3,994 81,963 262,379 6 ,996 9,177 17,989 382,498

DIB 2,811 12,671 182,187 7,120 10,284 16,750 231,823

BOK 895 34,842 171,167 - 4,486 11,705 223,095

Islami 3,242 7,819 184,430 - 6 ,066 15,276 216,833

Silk 2,866 18,052 132,664 2,000 3 ,708 14,387 173,677

Citibank 4,199 14,124 95,036 - 16,970 10,619 140,948

Albaraka 3,698 3 ,836 99,915 3 ,746 6 ,913 10,705 128,813

SAMBA 877 39,780 65,225 - 4,098 12,784 122,764

DB 1,314 2,872 20,100 - 3 ,508 7,597 35,391

BOC - - 7,228 - 1,071 6 ,465 14,764

BOT 20 555 3 ,784 - 319 4,299 8,977

285,256 2,862,985 14,145,586 110,016 835,140 1,405,616 19,644,599

Subordinated

loans

Other liabilities Equity Total

Rupees in millions

Bank Bills payable Borrowings Deposits

17



Income Statement for the year ended 31 December 2018

HBL 81,677 19,894 74,978 26,593 5,009 21,585 9,144 - 12,441 3,899

NBP 60,891 37,674 57,481 41,084 11,205 29,879 9,844 - 20,034 11,442

UBL 58,248 27,343 33,787 51,804 13,102 38,703 10,338 - 28,365 (4,587)

MCB 48,006 18,512 36,534 29,984 (822) 30,806 10,391 - 20,415 (6,613)

ABL 32,118 11,880 23,511 20,487 (1,090) 21,577 8,201 - 13,376 (3,418)

BAH 30,905 7,184 23,562 14,527 221 14,306 5,853 - 8,453 (1,268)

BAF 31,591 11,134 24,776 17,949 545 17,403 6 ,887 475 10,991 3,177

Meezan 28,176 8,360 20,187 16,349 1,168 15,181 6 ,046 - 9,135 (869)

BOP 20,121 3 ,700 12,770 11,051 (1,222) 12,273 4,651 - 7,622 379

Askari 18,610 5,622 15,892 8,340 1,461 6 ,879 2,448 (3 ) 4,429 (3,319)

HMB 16,654 6 ,100 12,028 10,726 382 10,344 3 ,924 - 6,420 (6,463)

Faysal 16,276 6 ,377 14,774 7,879 (422) 8,301 3 ,416 - 4,885 (460)

SCB 18,830 9,688 11,289 17,229 (1,218) 18,448 7,207 - 11,240 (40)

JS 8,961 3 ,071 10,802 1,230 158 1,072 432 - 640 (1,688)

ICBC 8,729 2,256 2,427 8,558 147 8,411 3 ,345 - 5,066 (25)

Soneri 6,953 3 ,260 7,380 2,833 (71) 2,904 1,121 - 1,783 (1,473)

DIB 8,123 2,248 6 ,030 4,341 222 4,119 1,611 - 2,508 (671)

BOK 5,139 (526) 4,077 536 (171) 707 241 - 466 (2,659)

Islami 6,059 1,324 6 ,873 510 (3 ) 513 190 - 323 725

Silk 6,605 3 ,415 6 ,875 3 ,145 1,269 1,876 547 - 1,329 (142)

Citibank 4,178 3 ,916 2,198 5,896 (55) 5,951 2,242 - 3,709 (59)

Albaraka 4,217 1,097 4,788 526 770 (244) 9 - (253) 197

SAMBA 2,708 767 2,297 1,178 68 1,110 427 - 683 (607)

DB 970 965 1,327 608 (5) 614 248 - 366 15

BOC 24 13 561 (524) - (524) (258) - (266) -

BOT 269 272 338 203 15 188 51 - 137 (2)

525,038 195,546 417,542 303,043 30,663 272,380 98,556 472 174,298 (14,529)

Profit / (loss)

before tax

Profit / (loss)

after tax

Other

Comprehensive

Income

Rupees in millions

Taxation

Profit / (loss)

from

discontinuing

operations

Net

provision /

(reversal)

Non funded

income

Profit before

provisions

Operating

expenses

Bank

Net

markup /

interest

income

idd



18


Islamic Banks

Assets as at 31 December 2018

Meezan 73,299 127,115 184,815 512,565 13,873 30,084 941,751

DIB 18,995 45,851 4,000 153,306 1,551 8,120 231,823

Islami 15,457 39,237 18,174 118,321 9,857 15,787 216,833

Albaraka 15,789 21,345 - 75,012 3 ,884 12,783 128,813

MCBIB 8,413 12,714 4,675 62,907 3 ,145 3 ,040 94,894

131,953 246,262 211,664 922,111 32,310 69,814 1,614,114

Rupees in millions

Bank

Fixed assets &

intangible

assets

Other assets Total assetsCash & bank Investments

Due from

financial

institutions

Islamic

financing and

related assets -

net


Meezan 23,751 36,408 785,444 14,000 38,571 43,577 941,751

DIB 2,811 12,670 182,187 7,120 10,284 16,750 231,823

Islami 3,242 7,820 184,430 - 6 ,066 15,276 216,833

Albaraka 3,698 3 ,836 99,915 3 ,746 6 ,913 10,705 128,813

MCBIB 1,304 7,801 73,307 - 2,413 10,069 94,894

34,806 68,535 1,325,283 24,866 64,247 96,377 1,614,114

Rupees in millions

Deposits

Subordinated

loans

Other liabilities Equity TotalBank Bills payable

Due to financial

institutions


Meezan 28,176 8,360 20,187 16,349 1,168 15,181 6 ,046 9,135 (869)

DIB 8,123 2,248 6 ,030 4,341 222 4,119 1,611 2,508 (671)

Islami 6,059 1,324 6 ,873 510 (3 ) 513 190 323 725

Albaraka 4,217 1,097 4,789 525 770 (245) 9 (254) 197

MCBIB 1,904 399 3 ,088 (785) 896 (1,681) (584) (1,097) 335

48,479 13,428 40,967 20,940 3,053 17,887 7,272 10,615 (284)

Other

income

Profit /

return

Net

provision /

(reversal)

Profit before

provisions

Operating

expenses

Bank

Profit / (loss)

after tax

Other

Comprehensive

Income

Profit / (loss)

before tax

Taxation

Rupees in millions

19



Islamic Banking Business of Conventional Banks

Assets as at 31 December 2018

HBL 19,366 75,297 13,032 103,483 187 8,711 220,076

BAF 12,496 23,200 17,986 85,836 2,792 4,784 147,094

Faysal 8,046 27,621 - 78,660 1,993 2,264 118,584

MCB 8,413 12,714 4,675 62,907 3 ,145 3 ,040 94,894

BAH 8,979 15,158 - 49,690 327 4,125 78,279

UBL 13,483 30,747 10,067 22,596 340 285 77,518

SCB 2,859 6 ,488 4,873 49,010 33 1,776 65,039

Askari 3,809 8,170 - 46,610 548 1,626 60,763

NBP 4,654 23,914 1,418 26,827 276 1,999 59,088

BOK 5,852 10,574 2,000 35,467 286 868 55,047

HMB 3,341 21,313 1,000 17,715 82 2,662 46,113

BOP 4,396 9,599 5,350 19,996 309 1,731 41,381

Silk 1,930 3 ,852 - 26,902 295 2,233 35,212

ABL 4,158 10,249 3 ,530 6 ,927 1,141 1,300 27,305

Soneri 1,219 5,148 - 8,005 208 190 14,770

103,001 284,044 63,931 640,631 11,962 37,594 1,141,163

Rupees in millions

Other assets Total assetsBank Cash & bank Investments

Due from

financial

institutions

Islamic

financing and

related assets

Operating fixed

assets


HBL 8 1,552 203,248 3 ,918 11,350 220,076

BAF 3,854 6 ,019 113,526 11,375 12,320 147,094

Faysal 5,666 11,158 69,489 25,237 7,034 118,584

MCB 1,304 7,801 73,307 2,413 10,069 94,894

BAH 21 6 ,439 57,230 7,489 7,100 78,279

UBL 430 143 73,435 981 2,529 77,518

SCB 94 3 ,289 43,334 11,867 6 ,455 65,039

Askari 758 8,999 42,339 4,482 4,185 60,763

NBP 228 - 51,022 4,986 2,852 59,088

BOK 337 1,500 45,894 2,247 5,069 55,047

HMB 658 1,865 38,684 1,474 3 ,432 46,113

BOP 210 - 36,501 2,273 2,397 41,381

Silk 480 - 30,960 359 3 ,413 35,212

ABL 147 - 24,633 180 2,345 27,305

Soneri 162 328 12,237 263 1,780 14,770

14,357 49,093 915,839 79,544 82,330 1,141,163

Bank

Rupees in millions

Other liabilities Equity TotalBills payable

Due to financial

institutions

Deposits

idd



20



HBL 5,302 135 1,098 4,339 6 4,333

BAF 5,633 1,076 4,405 2,304 293 2,011

Faysal 3,517 515 3 ,260 772 19 753

MCB 1,904 399 3 ,088 (785) 896 (1,681)

BAH 2,072 275 1,350 997 69 928

UBL 2,257 206 1,610 853 7 846

SCB 3,397 897 1,646 2,648 (24) 2,672

Askari 1,865 226 1,821 270 37 233

NBP 1,695 344 2,008 31 87 (56)

BOK 2,123 187 1,488 822 (3 ) 825

HMB 913 183 618 478 32 446

BOP 1,799 68 1,262 605 157 448

Silk 1,458 50 685 823 1 822

ABL 656 79 1,084 (349) 0 (349)

Soneri 378 71 320 129 0 129

34,969 4,711 25,743 13,937 1,577 12,360

Rupees in millions

Profit / (loss)

before

provisions

Net

provision /

(reversal)

Other

income /

(loss)

Operating

expenses

Profit / (loss)

before tax

Bank

Net profit /

return

21



Spread Average spread of banks has increased to 3.97% in 2018 as compared to 3.73% in 2017.

BOC has been excluded from this chart as 2018 is their full year of operation. Their spread in

2018 was (2.3).

8.2

5.4

5.3

5.3

5.2

5.1

5.0

5.0

4.4

4.4

4.1

4.1

4.1

4.0

4.0

3.9

3.9

3.7

3.6

3.6

3.1

3.1

2.7

2.4

2.1

8.0

4.6

4.8

5.7

4.9

5.0

5.3

4.6

4.0

4.1

4.0

3.9

2.7

3.6

1.9

3.4

5.6

3.2

3.0

1.7

2.8

2.4

2.8

1.1

3.7

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0

Silk

Faysal

BAF

SCB

Albaraka

HBL

DIB

NBP

BOP

MCB

Islami

ABL

JS

Meezan

Citibank

Askari

DB

UBL

BAH

SAMBA

Soneri

BOK

HMB

BOT

ICBC

In percentages

2018 2017

Difference between

mark-up / return /

interest earned on loans

and advances as a

percentage of average

loans and advances at

two year ends and mark-

up / return / interest

expense on deposits as

a percentage of average

deposits at two year

ends

idd



22


Average spread of Islamic banks in 2018 was 4.49% as compared to

4.30% in 2017.

5.2

5.0

4.1

4.1

4.0

4.9

5.3

3.7

4.0

3.6

0.0 1.0 2.0 3.0 4.0 5.0 6.0

Albaraka

DIB

MCBIB

Islami

Meezan

In percentages

2018 2017

Difference between

profit / return earned on

Islamic financing as a


Islamic financing assets

at two year ends and

profit / return expense

on deposits as a


deposits at two year

ends

23



Operating Expenses

2018 2017 2018 2017 2018 2017 2018 2017 2018 2017

HBL 29,183 29,055 12,253 10,134 5,397 5,035 28,145 (5,570) 74,978 38,654

NBP 38,304 32,020 8,943 7,958 1,479 2,086 8,755 7,977 57,481 50,041

UBL 17,687 15,959 7,584 7,024 3 ,150 2,652 5,366 13,695 33,787 39,331

MCB 15,759 13,609 7,585 5,982 2,975 2,532 10,215 8,943 36,534 31,066

ABL 12,439 11,152 6 ,186 5,495 2,245 1,804 2,641 3 ,863 23,511 22,314

BAH 10,268 8,838 4,248 3 ,850 1,110 867 7,936 6 ,609 23,562 20,164

BAF 9,873 10,246 4,807 4,578 2,284 2,159 7,812 8,308 24,776 25,291

Meezan 10,656 8,899 4,522 4,058 1,099 1,044 3 ,910 3 ,426 20,187 17,427

BOP 6,299 5,115 2,013 1,651 895 541 3 ,563 2,911 12,770 10,218

Askari 8,502 8,064 3 ,540 3 ,206 903 854 2,947 3 ,018 15,892 15,142

HMB 5,539 5,121 2,678 2,428 597 482 3 ,214 2,688 12,028 10,719

Faysal 5,301 4,391 3 ,668 3 ,313 1,707 1,455 4,098 3 ,615 14,774 12,774

SCB 5,984 5,787 2,278 2,169 598 501 2,430 3 ,286 11,289 11,743

JS 5,365 4,205 2,342 1,962 666 489 2,429 2,604 10,802 9,260

ICBC 1,932 1,098 137 157 39 32 318 221 2,427 1,508

Soneri 2,990 2,796 1,923 1,931 842 695 1,624 1,581 7,380 7,003

DIB 2,620 2,292 1,347 1,384 535 537 1,528 1,541 6 ,030 5,755

BOK 2,269 2,256 740 678 367 293 702 551 4,077 3 ,778

Islami 2,770 2,732 2,159 1,926 559 456 1,385 1,204 6 ,873 6 ,318

Silk 3,378 2,713 1,372 1,326 294 335 1,831 2,114 6 ,875 6 ,488

Citibank 631 682 362 397 103 101 1,102 994 2,198 2,174

Albaraka 1,927 1,876 1,322 1,439 408 418 1,131 1,221 4,788 4,953

SAMBA 1,255 1,114 379 353 195 214 468 360 2,297 2,041

DB 532 411 182 174 54 54 558 366 1,327 1,005

BOC 353 72 124 54 26 - 58 67 561 193

BOT 193 92 28 30 21 16 96 113 338 251

202,009 180,595 82,722 73,657 28,548 25,652 104,260 75,707 417,539 355,611

Total

Rupees in millions

Compensation

expenses

Property expenses

Information

technology

expenses

Other operating

expenses

Islamic Banks

2018 2017 2018 2017 2018 2017 2018 2017 2018 2017

Meezan 10,656 8,899 4,522 4,058 1,099 1,044 3 ,910 3 ,426 20,187 17,427

DIB 2,620 2,292 1,347 1,384 535 537 1,528 1,541 6 ,030 5,755

Islami 2,770 2,732 2,159 1,926 559 456 1,385 1,204 6 ,873 6 ,318

Albaraka 1,927 1,876 1,322 1,439 408 418 1,131 1,221 4,788 4,953

MCBIB 1,319 1,010 884 403 369 170 516 262 3 ,089 1,845

19,292 16,809 10,234 9,210 2,970 2,625 8 ,470 7,654 40,966 36,298

Rupees in millions

Total

Compensation

expenses

Property expenses

Information

technology expenses

Other operating

expenses

idd



24


Operating Expense to Average Deposits The operating expenses to average deposits of banks under review have increased from

3.1% to 3.2%.

BOC has been excluded from this chart as 2018 is their full year of operation. Their

operating expense to average deposits was 15.5% in 2018.

2.2%

2.3%

2.5%

2.5%

2.5%

2.8%

2.8%

2.9%

3.0%

2.4%

3.1%

3.2%

3.4%

3.6%

3.6%

3.7%

3.9%

3.8%

3.6%

3.8%

3.8%

4.9%

5.1%

5.7%

6.1%

2.0%

2.3%

2.8%

2.4%

2.6%

3.2%

2.8%

3.0%

3.2%

3.1%

3.0%

3.2%

3.5%

4.1%

3.6%

3.9%

2.7%

3.6%

2.0%

3.8%

3.9%

5.0%

3.4%

6.6%

5.4%

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0%

BOPHMB

CitibankBOKABLSCB

MeezanAskariSoneri

UBLNBPBAHMCB

DIBJS

BAFICBC

FaysalHBL

IslamiSAMBA

AlbarakaBOTSilkDB

In percentages

2018 2017

Islamic Banks

The operating expenses to average deposits of Islamic banks under review have slightly increased from

2.68% to 2.71%

2.8%

3.6%

3.8%

4.9%

5.8%

2.8%

4.1%

3.8%

5.0%

7.9%

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%

Meezan

DIB

Islami

Albaraka

MCBIB

In percentages

2018 2017

25



Compensation Expense to Average Deposits The compensation expenses to average deposits of banks under review have slightly increased

from 1.49% to 1.50%.

BOC has been excluded from this chart as 2018 is their full year of operation. Their

compensation expense to average deposits was 9.8% in 2018.

0.7%

1.1%

1.1%

1.2%

1.3%

1.3%

1.4%

1.4%

1.4%

1.4%

1.5%

1.5%

1.5%

1.5%

1.5%

1.5%

1.6%

1.8%

2.0%

2.0%

2.1%

2.5%

2.8%

2.9%

3.1%

0.9%

1.1%

1.0%

1.3%

1.2%

1.3%

1.2%

1.4%

1.4%

1.5%

1.6%

1.5%

1.5%

1.6%1.6%

1.6%

1.6%

1.6%

1.9%

1.9%

2.1%

2.2%

2.8%

1.3%

2.0%

0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0%

Citibank

HMB

BOP

Soneri

UBL

ABL

Faysal

BOK

BAH

HBL

BAF

Meezan

MCB

SCB

Islami

Askari

DIB

JS

Albaraka

NBP

SAMBA

DB

Silk

BOT

ICBC

In percentages

2018 2017

Islamic Banks

The compensation expenses to average deposits of Islamic banks under review have slightly increased

from 1.29% to 1.31%.

1.47%

1.53%

1.58%

1.96%

2.49%

1.5%

1.6%

1.6%

1.9%

4.3%

0.00% 1.00% 2.00% 3.00% 4.00% 5.00%

Meezan

Islami

DIB

Albaraka

MCBIB

In percentages

2018 2017

idd



26


Compensation expenses

Compensation expenses averaged approximately 47.6% of total operating

expenses in 2018 (2017: 47.6%).

2018 2017 2018 2017

HBL 29,183 29,055 20,254 18,243

NBP 38,304 32,020 16,876 16,590

UBL 17,687 15,959 14,597 15,536

MCB 15,759 13,609 14,952 14,376

ABL 12,439 11,152 11,398 11,243

BAF 9,873 10,246 8,699 8,020

BAH 10,268 8,838 13,221 11,944

Meezan 10,656 8,899 10,653 10,030

Askari 8,502 8,064 7,538 7,534

HMB 5,539 5,121 4,261 4,160

SCB 5,984 5,787 3 ,220 3 ,650

Faysal 5,301 4,391 6 ,210 3 ,977

ICBC 1,932 1,098 102 95

JS 5,365 4,205 8,570 5,364

Soneri 2,990 2,796 2,857 2,870

BOK 2,269 2,256 1,388 1,405

Islami 2,770 2,732 3 ,200 3 ,548

DIB 2,620 2,292 2,774 2,612

Silk 3,378 2,713 4,112 3 ,711

Albaraka 1,927 1,876 2,032 1,929

Citibank 631 682 135 139

SAMBA 1,255 1,114 719 501

DB 532 411 83 119

BOP 6,299 5,115 8,675 7,404

BOC 353 72 45 33

BOT 193 92 40 43

202,009 180,595 166,611 155,076

Rupees in millions Numbers

Compensation Expenses Number of staff

Islamic Banks

2018 2017 2018 2017

Meezan 10,656 8,899 10,653 10,030

DIB 2,620 2,292 2,774 2,612

Islami 2,770 2,732 3,200 3,548

Albaraka 1,927 1,876 2,032 1,929

MCBIB 1,319 1,010 1,493 950

19,292 16,809 20,152 19,069

Rupees in millions Numbers

Compensation Expenses Number of staff

27



Remuneration of Executives

2018 2017 2018 2017 2018 2017

HBL * 249,579 174,186 12,496,289 9,848,101 1,674 1,531

NBP 68,401 59,599 10,496,779 10,107,181 2,520 2,325

UBL 134,718 216,233 6 ,634,784 6 ,925,133 817 826

MCB 103,050 95,448 6 ,764,589 5,332,629 2,311 1,599

ABL 51,755 45,053 4,803,099 4,743,310 1,591 1,683

BAF 108,887 179,469 3 ,425,676 5,631,596 579 2,003

BAH 73,707 59,452 3 ,082,691 2,406,036 631 500

Meezan * 74,758 73,854 1,552,111 1,264,250 297 250

Askari * 71,212 106,215 2,334,064 2,151,013 454 428

HMB * 121,063 86,682 933,625 1,004,784 180 207

SCB * 86,252 73,444 1,937,745 1,784,147 357 319

Faysal * 49,847 30,103 2,099,703 1,953,211 762 688

ICBC 41,442 34,786 769,755 768,607 55 86

JS 48,595 41,626 2,124,680 1,862,087 597 456

Soneri * 60,416 60,413 865,682 736,917 222 186

BOK 24,156 23,213 316,572 264,571 72 61

Islami 65,917 37,506 376,693 974,809 92 560

DIB 82,690 76,970 640,223 526,393 110 93

Silk 98,930 94,526 1,178,939 1,021,740 214 184

Albaraka 42,199 47,907 1,052,070 962,825 549 481

Citibank 83,718 79,708 353,661 369,623 50 52

SAMBA 91,357 83,302 532,872 452,217 94 80

DB 73,593 83,744 314,559 279,608 71 63

BOP 126,830 115,547 2,554,694 2,113,953 1,289 1,110

BOC 52,144 19,573 129,865 20,022 10 5

BOT 17,597 24,886 44,894 30,166 23 21

2,102,813 2,023,445 67,816,314 63,534,929 15,621 15,797

NumbersRupees in thousands

CEO Remuneration Remuneration of Executives Number of Executives

Islamic Banks

2018 2017 2018 2017 2018 2017

Meezan * 74,758 73,854 1,552,111 1,264,250 297 250

DIB 82,690 76,970 640,223 526,393 110 93

Islami 65,917 37,506 376,693 974,809 92 560

Albaraka 42,199 47,907 1,052,070 962,825 549 481

MCBIB 38,563 47,946 803,133 545,695 302 239

304,127 284,183 4,424,230 4,273,972

Rupees in thousands Numbers

CEO Remuneration Remuneration of Executives Number of Executives

The above information has been obtained from the note “Compensation of Directors and Executives” in the Financial

Statements of the Banks. However, for the institutions marked with an asterisk *, information about certain benefits such

as performance bonus and shares options scheme is disclosed in other notes. In most cases the information has been

disclosed in aggregate with either key management personnel or with executives. The amount paid to CEO is not

identified separately. Accordingly, those benefits are not included in the CEO remuneration.

The CEO remuneration disclosed above have been taken from the un-consolidated financial statements.

Remuneration of

executives

Remuneration of

executives

Remuneration of

executives

Loans and AdvancesRemuneration of

executives

idd



28


29



Loans and Advances Total loans and advances of banks under review have increased by

22.27% in 2018 (2017: 20.77%) to Rs. 8,322 billion at 31 December

2018 (2017: Rs. 6,807 billion). The growth of various categories of

banks was as follows:

2018 2017

In percentages

All Banks 22.27% 20.77%

Islamic Banks 20.59% 33.01%

Growth in Loans and Advances

2017-18 2016-17 2018 2017 2016

HBL 25 13 1,152,434 921,008 817,250

NBP 24 10 1,060,517 858,208 783,555

UBL 15 23 815,572 709,742 579,159

MCB 12 42 610,029 546,672 384,170

ABL 17 11 453,907 388,794 349,056

BAF 24 5 518,398 417,188 395,869

BAH 40 29 485,945 347,466 269,268

Meezan 22 34 522,264 428,734 319,617

Askari 30 8 369,259 284,340 262,123

HMB 27 24 252,674 198,217 159,882

SCB 19 18 187,162 157,259 133,631

Faysal 25 11 320,258 255,827 229,826

ICBC 178 35 22,943 8,247 6 ,097

JS 37 94 255,464 186,900 96,472

Soneri 13 29 194,831 172,772 133,753

BOK 13 143 99,167 87,673 36,054

Islami (1) 46 129,484 130,681 89,637

DIB 28 27 155,463 121,481 95,714

Silk 15 30 103,566 90,138 69,312

Albaraka 6 6 79,772 75,492 71,090

Citibank 57 12 42,748 27,282 24,288

SAMBA 32 37 55,892 42,503 30,988

DB 9 75 6 ,354 5,814 3 ,318

BOC 100 - 134 - -

BOP 25 16 426,222 342,109 294,297

BOT (17) 19 1,823 2,198 1,852

22 21 8 ,322,282 6,806,745 5,636,278

Annual increase

In percentages

Gross Advances

Rupees in millions

idd



30


Annualised Increase (2016– 18)

18.7

16.3

18.7

26.0

14.0

14.4

34.3

27.8

18.7

25.7

18.3

18.0

94.0

62.7

20.7

65.8

20.2

27.4

22.2

5.9

32.7

34.3

38.4

20.3

(0.8)

(10.0) 10.0 30.0 50.0 70.0 90.0 110.0

HBL

NBP

UBL

MCB

ABL

BAF

BAH

Meezan

Askari

HMB

SCB

Faysal

ICBC

JS

Soneri

BOK

Islami

DIB

Silk

Albaraka

Citibank

SAMBA

DB

BOP

BOT

In percentages

Annualised Increase Average: 21.51%

BOC has been excluded from the chart as 2018 is their full year of

operation.

Islamic Banks

2017-18 2016-17 2018 2017 2016

Meezan 21.8 34.1 522,264 428,734 319,617

DIB 28.0 26.9 155,463 121,481 95,714

Islami (0.9) 45.8 129,484 130,681 89,637

Albaraka 5.7 6 .2 79,772 75,492 71,090

MCBIB 100.9 93.6 62,922 31,315 16,174

21 33 949,905 787,703 592,232

In percentages

Gross Financing

Rupees in millions

Annual increase

31



Annualised Increase (2016 – 18)

27.8

27.4

20.2

5.9

97.2

Meezan

DIB

Islami

Albaraka

MCBIB

In percentages

Market Share of Loans and Advances

2018 2017 2018 2017

In percentages Rupees in millions

HBL 13.8 13.5 1,152,434 921,008

NBP 12.7 12.6 1,060,517 858,208

UBL 9.8 10.4 815,572 709,742

MCB 7.3 8.0 610,029 546,672

Meezan 6.3 6 .3 522,264 428,734

BAF 6.2 6 .1 518,398 417,188

BAH 5.8 5.1 485,945 347,466

ABL 5.5 5.7 453,907 388,794

BOP 5.1 5.0 426,222 342,109

Askari 4.4 4.2 369,259 284,340

Faysal 3 .8 3 .8 320,258 255,827

JS 3.1 2.7 255,464 186,900

HMB 3.0 2.9 252,674 198,217

Less than 3% 13.2 13.7 1,079,339 921,539

100.0 100.0 8 ,322,282 6,806,744

HBL 13.8%

NBP

12.7%

UBL

9.8%

MCB

7.3%

Meezan

6.3%

BAF

6.2%

BAH

5.8%

ABL

5.5%

BOP

5.1%

Askari

4.4%

Faysal

3.8%

JS

3.1%

HMB

3.0%

Less than 3%

13.2%

idd



32


Banks with less than 3% market share

2018 2017 2018 2017


Soneri 2.3 2.6 194,831 172,772

SCB 2.2 2.3 187,162 157,259

DIB 1.9 1.8 155,463 121,481

Islami 1.7 1.9 129,484 130,681

Silk 1.3 1.4 103,566 90,138

BOK 1.2 1.3 99,167 87,673

Albaraka 1.0 1.1 79,772 75,492

SAMBA 0.7 0.6 55,892 42,503

Citibank 0.5 0.4 42,748 27,282

ICBC 0.3 0.2 22,943 8,247

DB 0.1 0.1 6 ,354 5,814

BOT 0.0 0.0 1,823 2,198

BOC 0.0 - 134 -

13.2 13.7 1,079,339 921,540

Soneri

2.3%

SCB

2.2%

DIB

1.9%

Islami

1.7%

Silk

1.3%

BOK

1.2%

Albaraka

1.0%

SAMBA

0.7%

Citibank

0.5%

ICBC

0.3%

DB

0.1%

BOT

0.02%

BOC

0.002%

33



Liquidity (Average Advances to Average Deposits)

The total average advances to total average deposits ratio of the banks

included in this report has increased to 53.1% in 2018 from 48.6% in

2017 due to growth rate of advances being higher than growth rate of

deposits.

2018 2017 2016 2018 2017 2016

HBL 149,073 116,225 92,020 182,187 149,295 129,265

NBP 101,919 88,632 67,679 132,664 110,278 86,787

UBL 51,905 39,405 28,476 65,225 54,901 50,307

MCB 76,069 72,283 67,867 99,915 96,623 103,320

ABL 182,354 161,414 124,705 262,379 227,304 209,894

BAF 301,388 237,516 214,251 409,384 371,624 339,633

BAH 124,165 124,995 85,071 184,430 178,062 153,163

Meezan 238,957 174,471 89,732 319,807 288,365 225,005

Askari 480,591 389,389 374,200 702,847 644,925 640,854

HMB 405,500 324,770 280,852 595,562 556,192 453,174

SCB 499,093 407,263 302,775 785,445 667,173 559,374

Faysal 350,292 267,637 249,245 573,597 525,805 472,803

ICBC 94,619 85,362 34,342 171,168 159,247 157,020

JS 765,570 673,043 552,482 1,448,324 1,349,698 1,220,265

Soneri 565,775 507,833 365,089 1,122,307 1,001,146 795,690

BOK 1,037,611 839,614 770,034 2,011,313 1,727,059 1,657,132

Islami 435,017 304,929 243,435 796,852 692,534 584,166

DIB 1,108,320 884,803 790,394 2,137,293 1,998,935 1,885,959

Silk 421,940 364,608 331,555 984,463 883,702 805,090

Albaraka 42,748 27,282 24,288 95,036 78,818 75,076

Citibank 169,314 139,435 119,811 424,899 377,576 365,562

SAMBA 220,784 169,087 137,516 542,839 507,425 430,444

DB 1,823 2,198 1,852 3 ,785 9,432 5,144

BOT 6,354 5,814 3 ,318 20,100 23,212 14,092

BOP 22,943 8,247 6 ,097 66,540 57,698 52,779

BOC 134 - - 7,228 - -

7,854,258 6,416,255 5,357,086 14,145,589 12,737,029 11,471,998

Deposits

Rupees in millions

Advances*

* Excluding export refinance, finance against locally manufactured machinery and

long-term financing against export oriented projects as its counter refinance is

not included in deposits.

idd



34


80.0

78.4

76.0

75.5

70.269.0

68.7

68.0

64.563.4

62.4

56.2

54.5

51.4

50.6

50.2

49.7

48.2

42.1

40.338.5

37.1

30.4

28.1

25.1

74.8

79.364.5

70.1

65.4

63.5

63.4

51.5

59.4

60.0

57.9

51.8

37.8

47.7

48.6

47.6

43.0

43.1

41.233.5

34.9

32.7

27.8

24.5

13.0

0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0

DIB

Silk

SAMBA

Albaraka

Soneri

Faysal

Islami

JS

BAF

BOP

Meezan

Askari

BOK

UBL

MCB

NBP

BAH

HBL

ABL

Citibank

SCB

HMB

BOT

DB

ICBC

In percentages

2018 2017

BOC has been excluded from the chart as 2018 is their full year of operation. Their ADR was 1.9% in

2018.

Islamic Banks

2018 2017 2016 2018 2017 2016

MCBIB 60,935 30,307 13,388 73,307 32,691 14,279

DIB 149,073 116,225 92,020 182,187 149,295 129,265

Albaraka 76,069 72,283 67,867 99,915 96,623 103,320

Islami 124,165 124,995 85,071 184,430 178,062 153,163

Meezan 499,093 407,263 302,775 785,445 667,173 559,374

909,335 751,073 561,121 1,325,284 1,123,844 959,401

Financing * Deposits

Rupees in millions

* Excluding export refinance, finance against locally manufactured machinery and long-term financing against

export oriented projects as its counter refinance is not included in deposits.

35



86.1

80.0

75.5

68.7

62.4

93.0

74.8

70.1

63.4

57.9

0.0 20.0 40.0 60.0 80.0 100.0

MCBIB

DIB

Albaraka

Islami

Meezan

In percentages

2018 2017

Average financing

(excluding export

refinance, finance against

locally manufactured

machinery and long-term

financing against export

oriented projects as its

counter refinance is not

included in deposits) to

average deposits ratio

Average advances to

average deposits ratio

idd



36


37



Deposits

2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017

HBL 1,183,367 1,052,636 146,580 126,409 74,000 62,929 15,865 2,195 41,717 64,109 675,763 690,658 2,137,292 1,998,936

NBP 665,108 595,529 586,366 457,955 138,287 195,200 319,990 259,251 16,314 16,925 285,249 202,200 2,011,314 1,727,059

UBL 838,746 845,191 57,839 47,728 74,543 81,033 14,898 21,379 53,484 57,402 408,814 296,965 1,448,324 1,349,698

MCB 700,871 614,325 56,640 45,076 54,341 41,577 7,654 4,491 31,437 22,639 271,364 273,037 1,122,307 1,001,146

ABL 384,786 356,720 117,893 108,592 113,603 101,312 7,791 6 ,315 72,921 47,189 287,470 263,573 984,463 883,702

BAH 501,491 438,133 19,258 18,437 46,637 40,716 127 695 23,644 24,841 205,695 169,713 796,852 692,535

Meezan 521,789 461,566 14,959 8,322 15,386 15,985 68 242 10,236 5,017 223,007 176,042 785,445 667,173

BAF 347,909 342,183 45,417 32,446 46,524 28,802 528 1,995 48,450 32,747 214,018 206,752 702,846 644,925

BOP 155,826 146,201 335,274 305,160 14,239 13,107 4,547 3 ,371 2,336 2,337 83,341 86,015 595,563 556,192

Askari 225,474 202,146 187,851 168,770 41,581 40,344 0 0 3 ,691 3 ,480 115,000 111,065 573,597 525,805

HMB 213,639 157,538 33,859 27,603 40,608 44,520 1,225 7,205 26,252 16,849 227,256 253,710 542,839 507,425

SCB 237,423 214,390 1,460 1,950 3 ,115 5,943 3 ,293 2,929 456 342 179,152 152,022 424,899 377,576

Faysal 130,254 121,279 26,874 22,814 11,902 17,086 788 4,291 28,524 14,543 211,041 191,610 409,384 371,624

JS 26,719 23,707 53,529 49,068 11,242 15,891 2,072 2,752 37,627 24,558 188,617 172,388 319,807 288,365

Soneri 102,211 104,801 34,276 12,659 32,917 36,364 706 2,001 27,510 14,106 64,759 57,373 262,379 227,304

Islami 53,743 52,005 7,787 6 ,736 10,074 4,431 4 108 9,639 21,014 103,182 93,768 184,429 178,062

DIB 89,314 82,081 16,803 11,929 10,980 4,314 56 810 16,174 11,711 48,859 38,451 182,186 149,295

BOK 32,873 38,356 107,133 94,997 13 28 36 41 126 73 30,987 25,753 171,167 159,247

Silk 51,437 50,728 23,671 13,014 10,434 6 ,046 2,094 4,001 12,457 8,833 32,570 27,656 132,663 110,278

Albaraka 48,860 44,490 3 ,495 2,297 863 6 ,208 1,476 1 6 ,111 5,289 39,110 38,338 99,915 96,623

Citibank 318 308 - - 2,888 713 2,522 1,063 1,319 1,588 87,989 75,146 95,036 78,818

ICBC 821 902 - - 48,346 42,722 613 117 - - 16,761 13,957 66,541 57,698

SAMBA 19,911 18,743 10,368 2,828 233 3 ,883 93 235 4,102 3 ,032 30,518 26,180 65,225 54,901

DB 42 43 - - 0 4 - - 39 38 20,019 23,128 20,100 23,212

BOC 5 - - - 253 - - - - - 6 ,970 - 7,228 -

BOT 352 344 - - - 0 3 4 - - 3 ,429 9,084 3 ,785 9,432

6,533,291 5,964,345 1,887,332 1,564,790 803,009 809,158 386,449 325,492 474,565 398,662 4,060,940 3,674,584 14,145,586 12,737,031

Private Sector

Rupees in millions

TotalIndividual

Government (Federal

and Provincial)

Public Sector Entities Banking Companies

Non-Banking

Financial Institutions

Islamic Banks

2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017

Meezan 521,789 461,566 14,959 8,322 15,386 15,985 68 242 10,236 5,017 223,007 176,042 785,445 667,173

Islami 53,743 52,005 7,787 6,736 10,074 4,431 4 108 9,639 21,014 103,182 93,768 184,429 178,062

DIB 89,314 82,081 16,803 11,929 10,980 4,314 56 810 16,174 11,711 48,859 38,451 182,186 149,295

Albaraka 48,860 44,490 3,495 2,297 863 6,208 1,476 1 6,111 5,289 39,110 38,338 99,915 96,623

MCBIB 30,686 13,581 5,087 1,110 281 172 1,344 59 9,690 5,360 26,219 12,409 73,307 32,691

744,392 653,723 48,131 30,394 37,584 31,110 2,948 1,220 51,850 48,391 440,378 359,010 1,325,282 1,123,844

Rupees in millions

TotalIndividual

Government (Federal

and Provincial)

Public Sector Entities Banking Companies

Non-Banking

Financial Institutions

Private Sector

idd



38


Individual Deposits to Total Deposits The ratio of individual deposits to total deposits of banks under review has slightly decreased from 45.7%

to 45.1%. BAH, MCB, UBL, SCB and HBL have managed to keep the ratio above 50%.

62.9%

62.4%

57.9%

55.9%

55.4%

49.5%

39.4%

39.3%

39.1%

39.0%

38.8%33.1%

31.8%

30.5%

26.2%

19.2%

9.3%

8.4%

1.2%

0.3%

0.2%

0.1%

63.3%

61.4%

62.6%

56.8%

52.7%

53.1%

31.0%

38.4%

40.4%

46.1%

46.0%34.5%

32.6%

34.1%

26.3%

24.1%

3.7%

8.2%

1.6%

0.4%

0.2%

0.0%

0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

BAH

MCB

UBL

SCB

HBL

BAF

HMB

Askari

ABL

Soneri

Silk

NBP

Faysal

SAMBA

BOP

BOK

BOT

JS

ICBC

Citibank

DB

BOC

In percentages

2018 2017

Islamic Banks

The ratio of individual deposits to total deposits of Islamic banks under review has slightly decreased

from 58.2% to 56.2%. However, only Meezan has been able to keep it above 50%.

66.4%

49.0%

48.9%

41.9%

29.1%

69.2%

55.0%

46.0%

41.5%

29.2%

0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

Meezan

DIB

Albaraka

MCBIB

Islami

in percentages

2018 2017

39



Deposits of banks included in this report increased by 11.06% to Rs. 14,146

billion at 31 December 2018 compared to Rs. 12,737 billion at 31 December

2017.

Growth in Deposits

2017-18 2016-17 2018 2017 2016

HBL 7 6 2,137,293 1,998,935 1,885,959

NBP 16 4 2,011,313 1,727,059 1,657,132

UBL 7 11 1,448,324 1,349,698 1,220,265

MCB 12 26 1,122,307 1,001,146 795,690

ABL 11 10 984,463 883,702 805,090

BAF 9 1 702,847 644,925 640,854

BAH 15 19 796,852 692,534 584,166

Meezan 18 19 785,445 667,173 559,374

Askari 9 11 573,597 525,805 472,803

HMB 7 18 542,839 507,425 430,444

SCB 13 3 424,899 377,576 365,562

Faysal 10 9 409,384 371,624 339,633

ICBC 15 9 66,540 57,698 52,779

JS 11 28 319,807 288,365 225,005

Soneri 15 8 262,379 227,304 209,894

BOK 7 1 171,168 159,247 157,020

Islami 4 16 184,430 178,062 153,163

DIB 22 15 182,187 149,295 129,265

Silk 20 27 132,664 110,278 86,787

Albaraka 3 (6 ) 99,915 96,623 103,320

Citibank 21 5 95,036 78,818 75,076

SAMBA 19 9 65,225 54,901 50,307

DB (13) 65 20,100 23,212 14,092

BOC 100 - 7,228 - -

BOP 7 23 595,562 556,192 453,174

BOT (60) 83 3 ,785 9,432 5,144

11 11 14,145,589 12,737,029 11,471,998


Annual Increase Deposits

idd



40


Annualised Increase (2016 – 18)

6.5

10.2

8.9

18.8

10.6

4.7

16.8

18.5

10.1

12.3

7.8

9.8

12.3

19.2

11.8

4.4

9.7

18.7

23.6

(1.7)

12.5

13.9

19.4

14.6

(14.2)

(20.0) (15.0) (10.0) (5.0) -00 5.0 10.0 15.0 20.0 25.0 30.0

HBL

NBP

UBL

MCB

ABL

BAF

BAH

Meezan

Askari

HMB

SCB

Faysal

ICBC

JS

Soneri

BOK

Islami

DIB

Silk

Albaraka

Citibank

SAMBA

DB

BOP

BOT

In percentages

Annualised Increase Average: 11.0%

BOC has been excluded from the chart as 2018 is their full year of

operation

Islamic Banks

2017-18 2016-17 2018 2017 2016

Meezan 17.7 19.3 785,445 667,173 559,374

DIB 22.0 15.5 182,187 149,295 129,265

Islami 3 .6 16.3 184,430 178,062 153,163

Albaraka 3 .4 (6 .5) 99,915 96,623 103,320

MCBIB 124.2 128.9 73,307 32,691 14,279

18 17 1,325,284 1,123,844 959,401


Annual Increase Deposits

Annualised Increase (2016– 18)

18.5

18.7

9.7

(1.7)

126.6

Meezan

DIB

Islami

Albaraka

MCBIB

In percentages

41



Market Share of Customer Deposits

2018 2017 2018 2017

HBL 15.7 16.1 2,079,711 1,932,631

NBP 12.6 12.1 1,675,175 1,450,883

UBL 10.4 10.6 1,379,318 1,271,810

MCB 8.2 8.1 1,083,179 974,016

ABL 6.8 6 .9 903,752 830,198

Meezan 5.8 5.5 775,141 661,941

BAH 5.8 5.6 773,080 666,999

BAF 4.9 5.1 653,869 610,183

BOP 4.4 4.6 588,679 550,484

Askari 4.3 4.4 569,906 522,325

HMB 3.9 4.0 515,363 483,372

SCB 3.2 3 .1 421,150 374,305

Less than 3% 14.0 13.9 1,863,384 1,677,636

100.0 100.0 13,281,707 12,006,783


* Deposits from financial institutions have been excluded to analyse

deposits from customer.

HBL

15.7%

NBP

12.6%

UBL

10.4%

MCB

8.2%ABL

6.8%

Meezan

5.8%

BAH

5.8%

BAF

4.9%

BOP

4.4%

Askari

4.3%

HMB

3.9%

SCB

3.2%

Less than 3%

14.0%

idd



42


Banks with less than 3% market share

2018 2017 2018 2017

Faysal 2.9 2.9 380,072 352,996

JS 2.1 2.1 274,976 253,333

Soneri 1.8 1.8 235,065 210,642

Islami 1.3 1.3 174,792 156,940

BOK 1.3 1.3 171,006 159,133

DIB 1.2 1.1 165,956 136,774

Silk 0.9 0.8 118,112 97,444

Citibank 0.7 0.6 93,035 77,177

Albaraka 0.6 0.8 92,328 91,333

ICBC 0.5 0.5 65,928 57,594

SAMBA 0.4 0.4 61,030 51,635

DB 0.2 0.2 20,094 23,207

BOC 0.1 - 7,208 -

BOT 0.0 0.1 3 ,782 9,428

14.0 13.9 1,863,384 1,677,636

Rupees in millionsIn percentages

* Deposits from financial institutions have been excluded to analyse deposits

from customers.

Faysal

2.9%

JS

2.1%

Soneri

1.8%

Islami

1.3%

BOK

1.3%

DIB

1.2%

Silk

0.9%

Citibank

0.7%

Albaraka

0.6%

ICBC

0.5%

SAMBA

0.4%

DB

0.2%

BOC

0.1%

BOT

0.0%

43



Average Deposits per branch This is being presented for banks with more than 50 branches.

5,211

1,631

1,226

1,219

1,100

1,089

1,065

1,038

1,015

1,000

988

978

884

858

830

829

765

696

549

514

3,995

1,640

1,114

1,141

1,020

1,055

968

1,008

932

942

801

953

797

878

754

696

622

676

502

532

-00 1,000 2,000 3,000 4,000 5,000 6,000

SCB

HMB

NBP

HBL

Meezan

BAH

Askari

BAF

UBL

BOP

Silk

BOK

JS

Faysal

Soneri

DIB

MCB

ABL

Islami

Albaraka

Rupees in million

2018 2017

Islamic Banks

1,100

829

549

514

301

1,020

696

502

532

309

-00 200 400 600 800 1,000 1,200

Meezan

DIB

Islami

Albaraka

MCBIB

Rupees in millions

2018 2017

idd



44


45



Definitions For consistency in our analysis, following parameters have been used in calculations:

Average Advances The average of opening and closing gross advances at two year

ends.

Average Assets The average of opening and closing total assets at two year

ends.

Average Deposits The average of opening and closing deposits at two year ends.

Average Equity The average of opening and closing equity at two year ends.

Annual Increase The percentage change compared to the previous year.

Annualised Increase The percentage change over the last two years on annualised

basis, i.e.

Figure (year 2018) - 1

Figure (year 2016)

Cost of Funds Mark-up / return / interest expense.

CASA Current and saving customer deposits to total customer

deposits.

Equity Equity includes share capital / head office capital account,

reserves, unappropriated profit / accumulated loss, non-

controlling interest and surplus / deficit on revaluation of

assets.

Gross Advances Loans, cash credits, overdrafts, ijarah, etc. and local & foreign

bills discounted & purchased before provisions.

Impairment Cover Number of times impairment charge on loans and advances

and investments is covered by net profits before charging

impairment.

Interest Bearing Assets Interest bearing assets means: cash and balances with treasury

banks, balances with other banks, lending to financial

institutions, fixed income investments and advances (excluding

non-performing assets).

Interest Bearing Liabilities Interest bearing liabilities means: borrowings, deposits and

other accounts, sub-ordinated loans and liabilities against

assets subject to finance lease.

Market Capitalization Product of total outstanding number of ordinary shares and

market price as at year end.

Non-funded Income Fee, commission & brokerage, rent, income from dealing in

foreign currencies, profit on sale of fixed & other assets and

other non-fund receipts.

idd



46


Non-mark-up / Non-Interest Income /

Other Income

Fee, commission and brokerage income, dividend income,

income from dealing in foreign currencies, gain on sale of

securities, unrealised profit on revaluation of investments

classified as held for trading, share of profit from joint venture

and associate and other income.

Net Interest Margin Mark-up / return / interest earned (before provisions) as a

percentage of interest bearing assets less mark-up / return /

interest expensed as a percentage of interest bearing liabilities.

Net Provisions Charge & reversal of provision against non-performing

advances, against off balance sheet obligations, for diminution

in value of investments, bad debts directly written-off and

recoveries of previously written-off debts.

Other Comprehensive Income Includes effect of translation of net investment in foreign

branches, gains and losses on re-measurement of actuarial

liability, surplus / (deficit) on revaluation of fixed assets and

investments, surplus / (deficit) arising on revaluation of assets

of associated undertaking.

Operating Cost All expenses charged to arrive at profit before tax excluding

cost of funds and provisions.

Operating Fixed Assets Operating fixed assets include intangible assets.

Other Assets Other assets include deferred tax assets.

Other Liabilities Other liabilities include deferred tax liabilities and liabilities

against assets subject to finance lease.

Remuneration per Executive Remuneration of executives divided by number of executives.

Return on Average Assets Profit after tax as a percentage of average total assets.

Return on Average Equity Profit after tax as a percentage of average equity.

Spread Difference between mark-up / return / interest earned on loans

and advances as a percentage of average loans and advances

(net of provision), at two year ends, and mark-up / return /

interest expense of deposits as a percentage of average

deposits, at two year ends.

Staff Cost Salaries, allowances, etc., staff retirement benefits, cost of

outsourced staff and cost of redundancy / voluntary retirement

/ severance excluding Workers’ Welfare Fund.

Taxation Charge for current (including prior) and deferred taxation in the

profit and loss account.

47



Glossary S. No. Name of Bank Legends

1 Albaraka Bank (Pakistan) Limited Albaraka

2 Allied Bank Limited ABL

3 Askari Bank Limited Askari

4 Bank Alfalah Limited BAF

5 Bank Al-Habib Limited BAH

6 BankIslami Pakistan Limited Islami

7 Bank of China Limited – Pakistan Operations BOC

8 Bank of Punjab BOP

9 Citibank N.A., Pakistan Branches Citibank

10 Deutsche Bank AG, Pakistan Operations DB

11 Dubai Islamic Bank (Pakistan) Limited DIB

12 Faysal Bank Limited Faysal

13 Habib Bank Limited HBL

14 Habib Metropolitan Bank Limited HMB

15 Industrial and Commercial Bank of China - Pakistan Branches ICBC

16 JS Bank Limited JS

17 MCB Bank Limited MCB

18 MCB Islamic Bank Limited MCBIB

19 Meezan Bank Limited Meezan

20 National Bank of Pakistan NBP

21 Samba Bank Limited SAMBA

22 Silkbank Limited Silk

23 Soneri Bank Limited Soneri

24 Standard Chartered Bank (Pakistan) Limited SCB

25 The Bank of Khyber BOK

26 The Bank of Tokyo Mitsubishi UFJ, Limited – Karachi Branch BOT

27 United Bank Limited UBL

*Banks have been listed alphabetically, by their full names. Islamic Banks have been presented in Italics.

idd



48


49



Credit Ratings

Banks Rating

Agency

Credit Rating

Assigned

Short

Term

Long

Term

Habib Bank Limited JCR-VIS A-1+ AAA

National Bank of Pakistan

PACRA A1+ AAA

JCR-VIS A-1+ AAA

United Bank Limited JCR-VIS A-1+ AAA

MCB Bank Limited PACRA A1+ AAA

Allied Bank Limited PACRA A1+ AAA

Bank Al-Habib Limited PACRA A1+ AA+

Bank Alfalah Limited

PACRA A1+ AA+

JCR-VIS A-1+ AA+

Meezan Bank Limited JCR-VIS A-1+ AA+

Bank of Punjab PACRA A1+ AA

Askari Bank Limited PACRA A1+ AA+

Habib Metropolitan Bank Limited PACRA A1+ AA+

Faysal Bank Limited JCR-VIS A-1+ AA

Standard Chartered Bank (Pakistan) Limited PACRA A1+ AAA

JS Bank Limited PACRA A1+ AA-

Industrial & Commercial Bank of China Limited (Pakistan

Branches) Moody’s P-1 A2

Soneri Bank Limited PACRA A1+ AA-

Dubai Islamic Bank (Pakistan) Limited JCR-VIS A-1 AA-

The Bank of Khyber

PACRA A1 A

JCR-VIS A-1 A

BankIslami Pakistan Limited PACRA A1 A+

Silkbank Limited JCR-VIS A-2 A-

Citibank N.A. Pakistan Branches Moody’s P-1 A1

Albaraka Bank (Pakistan) Limited

PACRA A1 A

JCR-VIS A-1 A+

Samba Bank Limited JCR-VIS A-1 AA

Deutsche Bank AG, Pakistan Operations

Standard

& Poor's A-2 BBB+

Moody’s P-2 A3

Fitch F-2 BBB+

idd



50


Banks Rating

Agency

Credit Rating

Assigned

Short

Term

Long

Term

Bank of China Limited – Pakistan Operations Standard

& Poor’s A-1 A

The Bank of Tokyo Mitsubishi UFJ, Limited – Karachi Branch

Standard

& Poor's A-1 A

Moody’s P-1 A-1

Fitch P-1 A

MCB Islamic Bank Limited PACRA A-1 A

51



Number of Branches (including sub-branches)

Banks Number of Branches *

2018 2017

Habib Bank Limited 1,697 1,703

National Bank of Pakistan 1,525 1,519

United Bank Limited 1,379 1,379

MCB Bank Limited 1,387 1,444

Allied Bank Limited 1,343 1,250

Bank Al-Habib Limited 684 605

Bank Alfalah Limited 649 638

Meezan Bank Limited 660 601

Bank of Punjab 576 536

Askari Bank Limited 516 516

Habib Metropolitan Bank Limited 322 286

Faysal Bank Limited 455 405

Standard Chartered Bank (Pakistan) Limited 77 93

JS Bank Limited 344 322

Industrial and Commercial Bank of China (Pakistan Branches) 3 3

Soneri Bank Limited 295 290

Dubai Islamic Bank (Pakistan) Limited 200 200

The Bank of Khyber 169 166

BankIslami Pakistan Limited 330 330

Silkbank Limited 123 123

Citibank N.A. Pakistan Branches 3 3

Albaraka Bank (Pakistan) Limited 191 188

Samba Bank Limited 37 37

Deutsche Bank AG, Pakistan Operations 2 3

Bank of China Limited – Pakistan Operations 1 1

The Bank of Tokyo Mitsubishi UFJ, Limited – Karachi Branch 1 1

MCB Islamic Bank Limited 176 76

*As at 31 December

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52


Notes

Contact usKarachi Office

Sheikh Sultan Trust Building No. 2

Beaumont Road

Karachi 75300

Phone +92 (21) 3568 5847

Fax +92 (21) 3568 5095

eMail [email protected]

Lahore Office

351, Shadman–1

Main Jail Road

Lahore 54000

Phone +92 (42) 111 576 484

Fax +92 (42) 3742 9907


Islamabad Office

Sixth Floor, State Life Building

Blue Area

Islamabad

Phone +92 (51) 282 3558

Fax +92 (51) 282 2671


www.kpmg.com.pk

The information contained herein is of a general nature and is not intended to address the circumstances of any

particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no

guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in

the future. No one should act on such information without appropriate professional advice after a thorough

examination of the particular situation.

© 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG

network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a

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