Habib Bank AG Zurich · United Arab Emirates Habib Bank AG Zurich Umm Al Sheif Shaikh Zayed Road...

Habib Bank AG Zurich

2016 Interim results

1


GROUP

Group key figures

in CHF million

Balance sheet 6 months ending

30.06.156 months ending

31.12.156 months ending

30.06.16Change in % to

31.12.15 Total assets 9'754 10'583 11'840 11.9

Shareholder's equity 1 967 1'000 997 -0.3

Total loans (after netting) 3'021 3'195 3'208 0.4

Customer deposits 7'870 8'696 8'888 2.2

Income statement 30.06.15 31.12.15 30.06.16Change in % to

30.06.15

Total income 2 219.3 177.9 178.0 -18.8

Operating expenses 95.0 99.0 103.8 9.3

Operating result 104.2 44.0 68.1 -34.6

Group profit / loss 63.2 25.0 35.6 -43.7

Key figures and ratios 30.06.15 31.12.15 30.06.16Return on equity (ROE) (%) 3 10.6 7.3 5.8

Equity ratio (%) 12.2 11.6 10.3

Cost / income ratio (%) 43.3 52.9 58.3

Total capital ratio (%) 19.4 19.9 18.9

Liquidity coverage ratio (%) 4 188.0 171.0 102.0

Leverage ratio (%) n/a 9.8 8.9

1 clu in min rit interest in e uit an in Gr u r t l ss2 Including "Gross result from interest operations", "Result from comission business and services", "Result from trading activities and the fair value option" and "Other result from ordinary activities"3 Annualise Gr u r t l ss as ercenta e e uit a era e at ear en 201 an at 0 06 20164 3-month average

0

2000

4000

6000

8000

10000

30.06.1631.12.1530.06.15

7'8708'696 8'888

Customer deposits, in CHF million

0

10

20

30

40

50

60

70

80

30.06.1631.12.1530.06.15

63.2

25.0

35.6

Group profit, in CHF million

0

10

20

30

40

50

30.06.1631.12.1530.06.15

18.919.919.4

Total capital ratio (%)

2


GROUP

Board of Directors

The Board of Directors of the Bank is made up of non-executive and independent directors, all of whom have extensive experience in their respective field of competence.

Name Born Citizenship Board of Directors Audit CommitteeRisk & Control Committee

Dr. Andreas Länzlinger 1959 Swiss Chairman

Urs W. Seiler 1949 Swiss Vice Chairman Member Member

Ray Barnes 1945 British Member Member

Dr. Marco Duss 1943 Swiss Member Chairman

Ursula Suter 1954 Swiss Member Chairwoman

Dr. Stephan Thaler 1962 Swiss Member Member

General Management

General Management consists of two members of the Habib family and three non-family members. The majority of the members of General Management have residency in Switzerland.

Name Born Citizenship FunctionMuhammad H. Habib 1959 Swiss President

Mohamedali R. Habib 1964 Canadian Group CEO

Rajat Garg* 1963 Singaporean Member of General Management and Head of Developed Markets

Anjum Iqbal** 1952 British Member of General Management and Head of Emerging Markets

Walter Mathis 1961 Swiss Member of General Management and Head of Shared Services* from 18 April 2016 ** from 29 March 2016

Group organisation structure

Management of the branch network

Name Born Citizenship Function CountryChristian Lerch 1959 Swiss Country Manager Switzerland

Zahid Parekh 1959 Pakistani Country Manager United Arab Emirates

Mohammad Ali Hussain 1954 Kenyan Country Manager Kenya

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GROUP

Management of the subsidiaries

Name Born Citizenship Function Country

Muslim Hassan 1955 Canadian Chief Executive Officer Canada

Zafar Khan 1952 South African Chief Executive Officer South Africa

Mohammed Jafri 1951 British Chief Executive Officer Isle of Man

Atif Mufti 1973 Pakistani Chief Executive Officer United Arab Emirates*

Sirajuddin Aziz 1956 Pakistani Chief Executive Officer Pakistan

Ikram Quraishi 1948 USA Chief Executive Officer Hong Kong

Anjum Iqbal** 1952 British Chief Executive Officer United Kingdom

* HBZ Services FZ-LLC** ad interim

Group Internal Audit

Name Born Citizenship FunctionHaroon Ahmad 1975 Pakistani Head of Group Internal Audit

Group Support Functions

Name Born Citizenship FunctionHaja Alavudeen 1966 Indian Head of Group Information & Technology Risk

Umair Chaudhary 1968 British Group Chief Operating Officer

Adnan Fasih 1967 Pakistani Head of Group Islamic Banking

Felix Gasser 1959 Swiss Head of Group Risk Control

Dr. Sitwat Husain 1964 Pakistani Head of Group Human Resources

Arif Lakhani 1945 Pakistani Head of Group Wealth Management

Dr. Pascal Mang 1964 Swiss Head of Group Legal & Compliance

Alfred Merz 1962 Swiss Head of Group Financial Control

Atif Mufti 1973 Pakistani Head of Group Operations

Syam Pillai 1962 Indian Head of Group Information Technology

Sibel Sanus 1954 Turkish Head of Group Financial Institutions

Ralph Schneider 1964 Swiss Head of Group Credit

4


GROUP

in CHF 000's 30.06.16 31.12.15

Assets

Liquid assets 1'090'164 1'042'715

Amounts due from banks 2'503'645 2'470'380

Amounts due from securities financing transactions 187'782

Amounts due from customers 2'756'340 2'774'605

Mortgage loans 451'449 420'757

Trading portfolio assets 715 98

Positive replacement values of derivative financial instruments 11'968 8'092

Other financial instruments at fair value 3'227'609 2'437'957

Financial investments 1'185'422 1'139'177

Accrued income and prepaid expenses 244'387 123'623

Non-consolidated participations 88 88

Tangible fixed assets 84'459 86'936

Intangible assets 2'756 3'428

Other assets 93'216 74'782

Total assets 11'840'000 10'582'638

Balance sheet (unaudited)

5


GROUP

in CHF 000's 30.06.16 31.12.15

Liabilities

Amounts due to banks 487'202 381'948

Liabilities from securities financing transactions 926'183 72'946

Amounts due in respect of customer deposits 8'888'059 8'695'754

Negative replacement values of derivative financial instruments 15'622 10'918

Accrued expenses and deferred income 271'923 142'945

Other liabilities 17'540 35'333

Provisions 8'816 17'991

Reserves for general banking risks 556'435 556'136

Bank's capital 150'000 150'000

Retained earnings reserves 289'006 255'186

Currency translation reserves -22'536 -13'073

Minority interest in equity 216'242 188'327

Group profit / loss 35'508 88'228

- of which minority interests in group profit / loss 11'275 36'408

Total liabilities 11'840'000 10'582'638

Off balance sheet transactions

Contingent liabilities 1'368'306 1'182'316

Irrevocable commitments 1'596 1'596

Credit commitments 198'925 212'407

6


GROUP

Income statement (unaudited)

in CHF 000's 30.06.16 30.06.15

Result from interest operations

Interest and discount income 117'937 116'282

Interest and dividend income from financial investments 122'141 128'061

Interest expense -120'180 -116'786

Gross result from interest operations 119'898 127'557

Changes in value adjustments for default risks and losses from interest operations -20'235 -10'416

Subtotal net result from interest operations 99'663 117'141

Result from commission business and services

Commission income from securities trading and investment activities 2'868 3'156

Commission income from lending activities 14'826 15'236

Commission income from other services 23'942 23'342

Commission expense -2'660 -2'481

Subtotal result from commission business and services 38'976 39'253

Result from trading activities and the fair value option 39'113 51'662

Other result from ordinary activities

Result from the disposal of financial investments -6 20

Result from real estate 406 769

Other ordinary expenses -121

Subtotal other result from ordinary activities 279 789

7


GROUP

in CHF 000's 30.06.16 30.06.15

Operating expenses

Personnel expenses -69'574 -64'521

General and administrative expenses -34'251 -30'474

Subtotal operating expenses -103'825 -94'995

Value adjustments on participations, depreciation and amortisation on tangible fixed and intangible assets -4'555 -5'871 Changes to provisions and other value adjustments, and losses -1'537 -3'754

Operating result 68'114 104'225

Extraordinary income 1'425 463

Changes in reserves for general banking risks -4'492 -7'803

Taxes -29'539 -33'727

Group profit / loss 35'508 63'158

- of which minority interests in group profit / loss 11'275 23'500

8


GROUP

Addresses

Head Office and operation

Habib Bank AG ZurichWeinbergstrasse 59, PO Box 2258042 Zurich / Switzerland

Telephone: (+4144) 269 45 00Email: [email protected]

Branches

United Arab Emirates Habib Bank AG ZurichUmm Al SheifShaikh Zayed RoadP.O. Box 3306Dubai / UAE

Telephone: (+9714) 373 5200Email: [email protected]

Kenya Habib Bank AG ZurichHabib HouseKoinange StreetP.O. Box 30584, 00100 GPONairobi / Kenya

Telephone: (+25420) 334 1172 / 76 / 77 Email: [email protected]

Subsidiaries

Habib Canadian Bank Habib Canadian Bank Canada 918 Dundas Street East

Suite 400Mississauga, Ontario L4Y 4H9 / Canada

Telephone: +1 (905) 276 5300Email: [email protected]

HBZ Bank Ltd. HBZ Bank Ltd.South Africa 135 Jan Hofmeyr Road

P.O. Box 1536, WestvilleWandsbeck 3631 / South Africa


9


GROUP

Subsidiaries

Habib European Bank Ltd. Habib European Bank Ltd.Isle of Man 14 Athol Street

Douglas / Isle of Man IM1 1JATelephone: (+441624) 622 554 / 629 857 Email: [email protected]

HBZ Services FZ LLC HBZ Services FZ LLCUnited Arab Emirates Dubai Outsource Zone

PO Box 186997Dubai / UAE

Telephone: (+9714) 387 07 00

Habib Metropolitan Bank Ltd. Habib Metropolitan Bank Ltd.Pakistan Spencer's Building

I.I. Chundrigar RoadKarachi-74200 / Pakistan

Telephone: (+9221) 111 14 14 14Email: [email protected]

Habib Bank Zurich (Hong Kong) Ltd. Habib Bank Zurich (Hong Kong) Ltd.Hong Kong 1701-05, 17 / F, Wing On House,

71, Des Voeux Road Central,Hong Kong


Habib Bank Zurich Plc Habib Bank Zurich PlcUnited Kingdom Habib House

42 MoorgateLondon EC2R 6JJ / UK


10


GROUP

Representative offices

Bangladesh Habib Bank AG ZurichB B Bhaban12 a ran Ba ar A

haka 121 Ban la eshele h ne 0 2 0 1 6mail n hu a habibbank c m

Hong Kong Habib Bank AG Zurich

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H n nele h ne 2 2 21 6 1mail main ice hb h n k n c m

Pakistan Habib Bank AG Zurich

encer s Buil inI I hun ri ar a

arachi 200 akistanele h ne 221 111 1 1 1mail in habibmetr c m

Habib Bank AG Zurich · United Arab Emirates Habib Bank AG Zurich Umm Al Sheif Shaikh Zayed Road...

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