Banking Survey 2015 For Pakistan

8/17/2019 Banking Survey 2015 For Pakistan

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kpmgKPMG Taseer Hadi & Co.

Chartered Accountants

Banking

Survey2015Commercial Banks Operating

in Pakistan


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Banking Survey 2015This survey has been prepared by KPMG Taseer Hadi & Co. andsummarizes the performance of selected commercial banks in Pakistan forthe year ended 31 December 2015.

Banking sector in Pakistan has been divided in four categories for the

purpose of this survey to facilitate comparison of peer groups:

I. Large Banks: Total assets in excess of Rs. 700 billion.

II. Medium size Banks: Total assets in excess of Rs. 150 billion but less

than Rs. 700 billion.

III. Small Banks: Total assets less than Rs. 150 billion.

IV. Islamic Banks: All banks carrying out Islamic banking activities only.

“Islamic Banks” have been presented as a separate category and included

in their respective category of Medium and Small Banks based on total

assets threshold.

Further, summarized financial information of “Islamic Banking Branches of

Conventional Banks” has also been presented to have an idea about size

of Islamic Banking in Pakistan.

The information contained in this survey has been obtained from the

published consolidated financial statements of the banks, statisticalbulletins published by State Bank of Pakistan (SBP) and information

published in business magazines and newspapers. Where consolidated

financial statements were required and were not available, standalone

financial statements have been used.

Reference should be made to the published financial statements of the

banks and definitions included in this survey to enhance the understanding

of ratios and analysis of performance of a particular bank.

The financial statements of Bank of Punjab and BankIslami PakistanLimited were not published till the date of our publication, and accordingly

not included in this survey.

Comparative figures of 2014 as reported in our Banking Survey 2014 havebeen updated to correspond with comparative figures reported in 2015financial statements.

We have tried to provide relevant financial analysis of the banks which we

thought would be useful for benchmarking and comparison. However, we

welcome any comments, which would facilitate in improving the contents of

this survey. The comments may be sent on [email protected]

Karachi: 27 April 2016

© 2016 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firmsaffiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.


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© 2016 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 r ights reserved.


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At a Glance ...................................................................................................... 1

Summary of Financial Information .................................................................. 7

Profitability ..................................................................................................... 13

Spread ........................................................................................................... 15

Non-Funded Income ..................................................................................... 19

Staff Costs ..................................................................................................... 21

Loans and Advances ..................................................................................... 23

Liquidity (Average Advances to Average Deposits) ..................................... 29

Deposits ........................................................................................................ 33

Credit Ratings ................................................................................................ 39

Number of Branches and Legend ................................................................. 41

Definitions ...................................................................................................... 43

Contents


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


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


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Banking Survey 2015 1

© 2016 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent memberfirms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Large Banks

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Ranking

By total assets 1 1 2 2 3 3 4 4 5 5 6 6

By net assets 1 2 2 1 3 3 4 4 5 5 7 7

By profit before tax 1 1 4 4 2 3 3 2 5 5 7 8

Profit before tax 60,286 48,250 34,172 23,136 43,447 35,616 42,789 37,354 25,776 22,433 12,657 8,677

(Rupees in millions)

Net Interest Margin 2.8% 2.7% 2.5% 1.5% 3.5% 3.0% 4.0% 3.3% 3.1% 2.3% 2.4% 1.5%

Spread 4.4 5.0 5.4 5.6 4.4 4.7 5.1 5.9 4.3 5.7 4.7 5.5

Return on Average Equity 19.9% 20.2% 11.3% 9.4% 18.4% 19.3% 18.0% 19.7% 17.8% 20.5% 15.1% 14.9%

Return on Average Assets 1.7% 1.8% 1.2% 1.1% 2.0% 2.1% 2.6% 2.8% 1.7% 1.9% 0.9% 0.9%

Operating Cost to Net 63.9% 62.0% 83.4% 97.7% 60.7% 69.7% 48.6% 50.6% 52.8% 62.8% 79.6% 94.9%

Interest Income Ratio

Net provision / (reversal) 4,508 1,234 9,945 9,303 3,823 1,336 545 (1,941) 1,586 1,220 2,288 1,572


Impairment cover 14.4 40.1 4.4 3.5 12.4 27.7 79.4 - 17.3 19.4 6.5 6.5

(Times)

Non Performing Advances 10.9% 12.0% 18.5% 16.6% 9.1% 11.1% 6.1% 6.8% 6.4% 7.0% 5.4% 6.4%

to gross loans

Total Assets 2,218,423 1,864,618 1,711,874 1,549,659 1,486,187 1,182,453 1,020,980 941,606 992,739 843,098 903,416 743,959


Net Assets 182,620 169,595 171,655 182,593 155,599 137,505 142,177 136,269 90,125 81,565 54,093 45,568


Capital Adequacy Ratio 17.0% 16.2% 18.4% 18.2% 14.7% 14.3% 20.1% 20.4% 21.0% 19.9% 13.6% 12.7%

CASA 82.8% 77.9% 73.1% 72.8% 69.7% 70.2% 92.2% 90.2% 72.1% 73.9% 75.5% 72.0%

EPS 23.93 21.56 9.44 7.56 21.36 19.32 22.38 22.15 13.37 13.28 4.72 4.18

Market Price 200.12 216.26 54.04 69.46 154.95 176.71 216.85 305.65 94.26 113.58 28.82 34.88

Market Capitalization 293,546 317,221 114,971 147,777 189,687 216,325 241,361 340,198 107,935 130,057 45,818 55,363

(Rupees in million)

BAFNBPHBL UBL MCB ABL

At a Glance


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2 Banking Survey 2015


Medium Size Banks

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Ranking

By total assets 7 7 8 8 9 9 10 11 11 10 12 12

By net assets 8 9 11 11 12 12 9 8 6 6 10 10


Profit before tax 12,266 10,003 8,337 5,869 8,451 6,899 12,565 7,336 15,565 15,368 6,920 3,552


Net Interest Margin 2.8% 2.1% 2.3% 1.8% 2.8% 2.1% 1.9% 1.2% 4.1% 3.5% 2.6% 2.7%

Spread 3.7 3.8 4.0 5.1 3.8 3.8 2.6 2.7 7.8 8.2 5.6 6.5

Return on Average Equity 20.6% 22.0% 19.4% 19.0% 20.0% 21.4% 21.4% 15.8% 15.1% 16.5% 14.9% 10.2%

Return on Average Assets 1.2% 1.2% 1.0% 1.0% 1.0% 1.2% 1.7% 1.4% 2.2% 2.4% 1.0% 0.7%



Net provision / (reversal) 1,965 558 879 322 563 467 2,226 1,779 1,555 483 1,393 2,359(Rupees in millions)

Impairment cover 7.2 18.9 10.5 19.2 16.0 15.8 6.6 5.1 11.0 32.8 6.0 2.5

(Times)


to gross loans

Total Assets 640,024 579,310 536,189 447,612 531,850 437,510 489,886 397,675 455,992 419,723 430,073 388,126


Net Assets 38,192 33,027 27,074 24,026 26,347 23,890 36,862 34,769 63,158 61,900 30,352 26,303



CASA 76.1% 76.0% 78.8% 75.6% 71.5% 71.2% 55.9% 57.7% 92.0% 92.0% 66.9% 64.2%

EPS 6.60 5.79 3.92 3.25 5.01 4.56 7.32 4.72 2.39 2.49 3.52 2.06

Market Price 41.60 48.55 21.74 23.07 45.75 47.00 30.47 37.30 21.90 23.60 15.43 18.20

Market Capitalization 46,235 53,960 27,398 29,074 45,875 47,129 31,927 39,084 84,788 91,369 18,512 18,988

(Rupees in million)

FaysalHMBMeezanBAH SCB Askari


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2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Ranking

By total assets 13 13 14 14 15 15 16 16 17 20 18 17

By net assets 14 13 15 14 13 15 19 18 22 22 16 16


Profi t before tax 3,596 2,442 4,029 (108) 3,768 2,589 693 36 712 926 2,959 1,901


Net Interest Margin 2.6% 2.4% 1.7% 1.7% 2.2% 1.9% 1.6% 1.3% 2.9% -1.7% 2.0% 1.8%

Spread 2.9 3.4 3.8 4.6 3.5 4.7 3.8 4.4 3.9 5.4 3.4 2.5

Return on Average Equity 12.6% 10.4% 14.6% -3.8% 14.0% 13.8% 2.0% 3.1% 5.6% 8.3% 11.6% 9.5%

Return on Average Assets 0.9% 0.8% 1.2% -0.3% 1.2% 1.3% 0.1% 0.2% 0.3% 0.7% 1.3% 1.1%



Net provision / (reversal) 1,029 549 386 1,527 718 421 1,575 563 187 292 581 235


Impairment cover 4.5 5.4 11.4 0.9 6.2 7.2 1.4 1.1 4.8 4.2 6.1 9.1

(Times)


to gross loans

Total Assets 253,342 213,175 245,043 194,995 220,807 179,381 188,366 148,444 157,093 101,553 155,159 126,106


Net Assets 18,192 17,039 18,089 16,932 19,008 16,197 11,949 12,332 7,976 7,439 15,918 14,920



CASA 67.9% 66.1% 69.4% 73.0% 51.4% 53.0% 70.7% 70.0% 63.4% 64.1% 56.9% 62.8%

EPS 2.01 1.44 0.25 (0.07) 1.95 1.35 0.16 0.16 0.62 0.86 1.79 1.31

Market Price 15.13 12.33 1.90 2.32 7.75 7.14 3.93 4.45 - - 11.26 9.85

Market Capitalization 16,680 13,593 19,575 23,903 8,312 7,657 4,236 4,797 - - 11,263 9,852

(Rupees in million)

NIBSoneri Summit BOKJS DIB


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Small Banks

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Ranking

By total assets 19 23 20 19 21 18 22 22 23 21

By net assets 23 25 18 21 17 17 21 20 24 23

By profit before tax 18 18 27 23 19 17 13 12 24 22

Profit before tax 2,821 1,405 (1,839) 131 2,075 1,612 5,659 4,603 406 217


Net Interest Margin 4.3% 4.8% 2.5% 3.7% 2.7% 2.1% 3.9% 3.7% 3.0% 2.0%

Spread 4.3 4.2 6.1 6.9 4.1 5.9 4.1 2.1 4.1 4.1

Return on Average Equity 32.6% 22.3% -14.8% 1.1% 8.6% 8.5% 33.9% 32.4% 3.9% 2.5%

Return on Average Assets 1.6% 1.3% -1.5% 0.1% 1.0% 1.1% 4.2% 4.4% 0.3% 0.2%

Operating Cost to Net 23.9% 25.9% 197.1% 135.3% 75.4% 80.4% 51.6% 44.9% 115.1% 119.6%


Net provision / (reversal) - - 724 368 2,520 19 (175) (129) (125) 85


Impairment cover - - - 1.4 1.8 85.5 - - - 3.5

(Times)

Non Performing Advances - - 12.7% 12.8% 0.6% 0.8% 12.6% 10.8% 8.0% 8.4%

to gross loans

Total Assets 140,254 75,950 133,137 102,736 128,104 124,871 88,643 81,254 86,933 94,349

(Rupees in Millions)

Net Assets 6,399 4,508 14,577 8,501 14,774 14,102 10,767 10,534 6,273 5,901(Rupees in Millions)

Capital Adequacy Ratio 13.1% 14.7% 13.8% 9.1% 20.4% 22.6% 31.6% 28.9% 14.5% 14.2%

CASA 84.6% 59.0% 53.7% 54.9% 63.7% 66.9% 72.3% 78.0% 74.2% 61.1%

EPS - - (0.58) 0.03 1.25 1.23 - - 0.27 0.16

Market Price - - 1.82 2.22 - - - - - -

Market Capitalizat ion - - 14,196 5,931 - - - - - -(Rupees in million)

AlbarakaCitibankSindhSilkICBC


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2015 2014 2015 2014 2015 2014 2015 2014

Ranking

By total assets 24 24 25 26 26 25 27 27

By net assets 20 19 27 27 25 24 26 26

By profit before tax 21 21 26 27 20 20 25 24

Profit before tax 815 425 35 (666) 1,656 910 63 69


Net Interest Margin 2.2% 2.0% 2.4% 2.5% 4.4% 3.6% 1.1% 2.1%

Spread 2.3 2.8 4.5 4.6 5.3 6.5 1.1 3.6

Return on Average Equity 3.7% 2.1% 2.1% -26.0% 18.4% 11.3% 1.2% 0.7%

Return on Average Assets 0.7% 0.5% 0.3% -2.5% 4.7% 2.4% 0.5% 0.3%

Operating Cost to Net 98.5% 94.0% 121.4% 115.5% 112.5% 122.2% 251.6% 211.4%


Net provision / (reversal) 22 (99) 225 644 (335) 44 - -


Impairment cover 38.9 - 1.2 0.0 - 21.9 - -

(Times)

Non Performing Advances 7.5% 9.0% 20.5% 15.0% 1.4% 4.9% - -

to gross loans

Total Assets 80,166 50,581 21,347 18,787 21,114 21,708 10,823 7,845


Net Assets 11,844 11,255 2,833 2,212 5,900 5,163 4,018 3,832(Rupees in millions)

Capital Adequacy ratio 30.3% 36.5% 41.2% 29.1% 26.0% 16.2% 83.7% 95.7%

CASA 54.1% 57.9% 85.8% 75.4% 76.9% 71.2% 15.8% 25.0%

EPS 0.43 0.24 0.21 (2.75) - - - -

Market Price 6.00 7.00 - - - - - -

Market Capitalizat ion 6,049 7,058 - - - - - -

(Rupees in million)

BOTSamba DBFWB


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Islamic Banks

2015 2014 2015 2014 2015 2014

Ranking

By total assets 1 1 2 2 3 3

By net assets 1 1 2 2 3 3

By profit before tax 1 1 2 2 3 3

Profit before tax 8,451 6,899 712 926 406 217(Rupees in millions)

Net Interest Margin 2.8% 2.1% 2.9% -1.7% 3.0% 2.0%

Spread 3.8 3.8 3.9 5.4 4.1 4.1

Return on Average Equity 13.7% 21.4% 3.6% 8.3% 2.7% 2.5%

Return on Average Assets 0.7% 1.2% 0.2% 0.7% 0.2% 0.2%

Operating Cost to Net 75.7% 80.5% 108.1% 97.6% 115.1% 119.6%


Net provision / (reversal) 563 467 187 292 (125) 85


Impairment cover 16.0 15.8 4.8 4.2 - 3.5

(Times)

Non Performing Advances 3.3% 3.8% 2.1% 3.9% 8.0% 8.4%

to gross loans

Total Assets 531,850 437,510 157,093 101,553 86,933 94,349


Net Assets 26,347 23,890 7,976 7,439 6,273 5,901(Rupees in millions)

Capital Adequacy ratio 11.0% 11.9% 11.1% 17.1% 14.5% 14.2%

CASA 71.5% 71.2% 63.4% 64.1% 74.2% 61.1%

EPS 5.01 4.56 0.62 0.86 0.27 0.16

Market Price 45.75 47.00 - - - -

Market Capitalization 45,875 47,129 - - - -

(Rupees in million)

Meezan AlbarakaDIB

MCBIB financial results have not been shown due to initial years of operations.


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Large Banks

Assets

HBL 207,721 1,244,887 44,318 633,383 31,342 56,772 2,218,423

NBP 171,830 826,247 10,639 580,094 33,301 89,763 1,711,874

UBL 141,476 747,599 31,305 487,278 36,678 41,851 1,486,187

MCB 71,325 564,300 5,132 315,311 32,997 31,915 1,020,980

ABL 60,789 544,833 3,628 321,648 28,870 32,971 992,739

BAF 78,952 397,516 53,629 327,300 17,318 28,701 903,416

732,093 4,325,382 148,651 2,665,014 180,506 281,973 8,333,619

Rupees in million

Lendings t o

financial

institutions

Loans and

advances - net

of provisions

Operating fixed

assets &

intangible

assets

Other assets Total assetsInvestmentsBank Cash & bank

Liabilities and Equity

HBL 28,082 314,319 1,634,944 10,000 48,458 182,620 2,218,423

NBP 9,172 22,385 1,431,535 - 77,127 171,655 1,711,874

UBL 13,396 164,232 1,119,953 - 33,007 155,599 1,486,187

MCB 11,975 118,615 706,240 - 41,973 142,177 1,020,980

ABL 4,942 137,960 734,546 - 25,166 90,125 992,739

BAF 9,734 172,393 640,137 9,983 17,076 54,093 903,416

77,301 929,904 6,267,355 19,983 242,807 796,269 8,333,619

Rupees in mil lion

Bank Bills payable Borrowings DepositsSubordinated

loansOther liabilities Equity Total

Income Statement

HBL 78,169 4,508 36,584 110,245 49,959 60,286 25,185 35,101 358

NBP 54,387 9,945 35,104 79,546 45,374 34,172 14,096 20,076 (19,284)

UBL 57,859 3,823 24,549 78,584 35,137 43,447 16,438 27,009 7,179

MCB 49,555 545 17,859 66,868 24,079 42,789 17,754 25,035 (989)

ABL 36,152 1,586 10,309 44,876 19,100 25,776 10,461 15,315 1,556

BAF 28,614 2,288 9,103 35,429 22,772 12,657 5,143 7,514 4,049

304,736 22,695 133,508 415,548 196,421 219,127 89,077 130,050 (7,131)

Rupees in million

Profit

before taxTaxationNet provisionSpread

Other

Comprehensive

Income

Non-mark-

up / Non-

interest

income

Operating

income

Operating

expensesBank

Profit after

tax

Summary of Financial Information


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Medium Size Banks

Assets

BAH 41,782 355,081 5,818 205,859 15,782 15,702 640,024

Ask ar i 38,044 268,049 813 199,937 9,278 20,068 536,189

Meezan 54,861 76,910 170,474 207,569 8,057 13,979 531,850

HMB 44,454 280,911 14,445 132,647 3,125 14,304 489,886

SCB 33,782 224,632 26,970 106,595 32,091 31,922 455,992

Faysal 27,152 183,677 12,088 178,079 11,343 17,734 430,073 Soneri 18,353 108,634 3,306 112,002 4,957 6,090 253,342

NIB 11,698 96,024 1,599 110,669 3,977 21,076 245,043

JS 11,790 116,885 3,581 76,679 4,731 7,141 220,807

Summit 13,459 77,558 1,460 70,554 9,609 15,726 188,366

DIB 18,053 18,516 11,725 104,954 1,843 2,002 157,093

BOK 12,060 88,296 13,205 36,454 1,925 3,219 155,159

325,488 1,895,173 265,484 1,541,998 106,718 168,963 4,303,824

Total assets

Rupees in million

Lendings to

financial

institutions

Loans and

advances - net

of provisions

Operating f ixed

assets &

intangible

assets

Other assetsBank Cash & bank Investments


BAH 8,665 62,592 516,198 2,995 11,382 38,192 640,024

Ask ar i 6,095 57,323 433,130 4,997 7,570 27,074 536,189

Meezan 6,560 13,610 471,821 - 13,512 26,347 531,850

HMB 6,344 31,463 403,209 - 12,008 36,862 489,886

SCB 11,401 21,784 327,121 2,500 30,028 63,158 455,992

Faysal 6,009 90,565 292,130 2,994 8,023 30,352 430,073

Soneri 2,751 39,876 185,222 3,000 4,301 18,192 253,342

NIB 2,576 85,677 130,400 4,196 4,105 18,089 245,043

JS 1,609 54,638 140,355 - 5,197 19,008 220,807

Summit 2,729 49,756 119,742 1,497 2,693 11,949 188,366

DIB 1,552 4,552 136,743 3,247 3,023 7,976 157,093

BOK 505 17,130 117,292 - 4,314 15,918 155,159

56,796 528,966 3,273,363 25,426 106,156 313,117 4,303,824



Rupees in million

Income Statement

BAH 24,835 1,965 4,486 27,356 15,090 12,266 4,934 7,332 1,167

Ask ar i 14,906 879 6,780 20,807 12,470 8,337 3,393 4,944 624

Meezan 18,217 563 4,597 22,250 13,799 8,451 3,429 5,022 148

HMB 14,399 2,226 9,249 21,422 8,857 12,565 4,892 7,673 (865)

SCB 22,767 1,555 7,117 28,328 12,763 15,565 6,134 9,431 654

Faysal 13,955 1,393 5,557 18,118 11,198 6,920 2,698 4,222 (48)

Soneri 7,597 1,029 3,153 9,721 6,125 3,596 1,383 2,213 42

NIB 4,651 386 5,990 10,452 6,423 4,029 1,479 2,550 (1,378)

JS 5,784 718 4,297 9,363 5,595 3,768 1,303 2,465 902

Summit 3,056 1,575 4,423 5,904 5,211 693 455 238 (151)

DIB 4,634 187 1,274 5,722 5,010 712 281 431 106

BOK 4,428 581 1,799 5,647 2,688 2,959 1,169 1,790 185

139,229 13,057 58,722 185,090 105,229 79,861 31,550 48,311 1,386

Bank Spread Net provision

Non-mark-up / Non-

interest

income

Operating

income

Operating

expenses

Profit after

tax

Rupees in million

TaxationProfit

before tax

OtherComprehensive

Income


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Small Banks

Assets

ICBC 5,660 124,771 670 6,999 663 1,491 140,254

Silk 7,538 34,999 6,778 61,074 4,497 18,251 133,137

Sindh 6,384 69,644 1,450 44,169 1,902 4,555 128,104

Citibank 5,514 48,585 8,464 21,390 458 4,232 88,643

Albaraka 12,408 15,278 3,912 47,645 2,672 5,018 86,933

SAMBA 4,330 44,726 2,000 24,187 1,324 3,599 80,166

FWB 1,237 11,067 - 7,970 337 736 21,347

DB 6,492 - 6,422 6,560 324 1,316 21,114

BOT 4,361 - 3,741 2,589 61 71 10,823

53,924 349,070 33,437 222,583 12,238 39,269 710,521

Bank Cash & bank Investments

Lendings to

financial

institutions

Loans and

advances - net

of provisions

Operating fixed

assets &

intangible

assets

Ot her as set s Tot al as set s

Rupees in million


ICBC 267 100,082 26,949 - 6,557 6,399 140,254

Silk 2,413 33,230 81,098 - 1,819 14,577 133,137

Sindh 289 27,161 83,921 - 1,959 14,774 128,104

Citibank 1,766 7,003 61,743 - 7,364 10,767 88,643

Alba raka 884 2,108 71,644 3,757 2,267 6,273 86,933

SAMBA 492 27,326 38,844 - 1,660 11,844 80,166

FWB 103 2,832 15,163 - 416 2,833 21,347

DB 943 11 11,977 - 2,283 5,900 21,114

BOT 6 1,410 5,223 - 166 4,018 10,823

7,163 201,163 396,562 3,757 24,491 77,385 710,521

Rupees in million

Bank Bills payable Borrow ings DepositsSubordinated


Income Statement

ICBC 5,956 - (1,711) 4,245 1,424 2,821 1,046 1,775 116

Silk 3,100 724 1,894 4,270 6,109 (1,839) (128) (1,711) (41)

Sindh 4,481 2,520 3,492 5,452 3,377 2,075 829 1,246 (574)

Citibank 3,858 (175) 3,619 7,652 1,993 5,659 2,050 3,609 (329)

Albaraka 2,478 (125) 656 3,260 2,854 406 166 240 131

SAMBA 2,143 22 805 2,926 2,111 815 385 430 159

FWB 698 225 409 882 847 35 (19) 54 168

DB 928 (335) 1,437 2,699 1,043 1,656 640 1,016 (262)

BOT 81 - 185 266 203 63 17 46 141

23,723 2,856 10,786 31,652 19,961 11,691 4,986 6,705 (491)

Rupees in million

Other

Comprehensive

Income

Profit /

(loss) after

tax

Bank Spread Net provision/ (reversal)

Non-mark-

up / Non-

interest

income

Operatingincome

Operatingexpenses

Profit /

(loss)

before tax

Taxation


15/50



Islamic Banks

Assets

Meezan 54,861 76,910 170,474 207,569 8,057 13,979 531,850

DIB 18,053 18,516 11,725 104,954 1,843 2,002 157,093

Albaraka 12,408 15,278 3,912 47,645 2,672 5,018 86,933

MCBIB 8,207 624 - 973 170 134 10,108

93,529 111,328 186,111 361,141 12,742 21,133 785,984

Rupees in million

Bank Cash & bank Investments

Lendings t o

financial

institutions

Loans and

advances - net

of provisions

Operating f ixed

assets &

intangible

assets

Other assets Total assets


Meezan 6,560 13,610 471,821 - 13,512 26,347 531,850

DIB 1,552 4,552 136,743 3,247 3,023 7,976 157,093

Albaraka 884 2,108 71,644 3,757 2,267 6,273 86,933

MCBIB - - 38 - 86 9,984 10,108

8,996 20,270 680,246 7,004 18,888 50,580 785,984



Rupees in million

Income Statement

Meezan 18,217 563 4,597 22,250 13,799 8,451 3,429 5,022 148

DIB 4,634 187 1,274 5,722 5,010 712 281 431 106

Albar aka 2,478 (125) 656 3,260 2,854 406 166 240 131

MCBIB 155 - 11 166 113 53 5 48 -

25,484 625 6,538 31,398 21,776 9,622 3,881 5,741 385

Non-mark-

up / Non-

interest

income

Operating

income

Operating

expenses

Profit

before taxTaxation

Profit after

tax

Other

Comprehensive

Income

BankNet provision

/ (reversal)Spread

Rupees in million

MCBIB financial results have only been shown in the above tables in this survey due to its initial years of operations.


16/50



Islamic Banking Business of Conventional Banks

Assets

HBL 5,321 40,474 62,736 19,779 - 8,016 136,326

BAF 12,455 33,422 38,613 42,056 2,286 2,665 131,497

HMB 14,293 14,949 14,552 7,898 77 3,460 55,229

SCB 2,386 5,440 10,438 29,605 40 537 48,446

Faysal 3,103 9,960 11,924 20,287 470 338 46,082 Askar i 4,848 5,873 - 20,768 536 1,333 33,358

UBL 4,860 11,856 6,691 7,070 151 2,308 32,936

BOK 5,501 3,359 11,916 10,196 249 623 31,844

BAH 1,627 5,595 - 11,981 135 244 19,582

MCB 712 3,107 2,265 10,029 2,456 52 18,621

NBP 4,987 1,168 5,819 837 62 920 13,793

Soneri 654 4,651 737 3,645 145 332 10,164

Silk 551 1,123 - 4,648 99 2,018 8,439

Summit 380 1,100 1,037 2,571 121 129 5,338

Sindh 281 1,368 650 521 95 80 2,995

ABL 136 2,241 272 140 46 79 2,914

62,095 145,686 167,650 192,031 6,968 23,134 597,564

Rupees in m illion

Bank Cash & bank InvestmentsDue to financial

institutions

Islamic

financing and

related assets

Operating fixed

assetsOther as sets Tot al as set s


HBL 4 103 130,640 1,275 4,304 136,326

BAF 1,429 9,985 105,407 5,304 9,372 131,497

HMB 228 966 52,067 575 1,393 55,229

SCB 147 1,459 37,959 4,144 4,737 48,446

Faysal 579 - 31,759 10,798 2,946 46,082

Askari 525 807 26,934 2,780 2,312 33,358

UBL 197 - 31,086 452 1,201 32,936

BOK 148 300 25,451 2,309 3,636 31,844

BAH 8 2,734 14,719 429 1,692 19,582

MCB 86 420 11,286 4,503 2,326 18,621

NBP 38 - 12,701 351 703 13,793

Soneri 50 240 8,998 164 712 10,164

Silk 632 - 6,605 50 1,152 8,439

Summit 24 925 3,007 168 1,214 5,338

Sindh - 131 2,320 95 449 2,995

ABL 11 19 2,335 42 507 2,914

4,106 18,089 503,274 33,439 38,656 597,564

Bank Bills payableDue to financial

institutionsDeposits Other liabilities Equity Total

Rupees in mil lion


17/50



Income Statement

HBL 3,164 258 - 868 620 3,154

BAF 5,545 1,441 123 582 2,765 1,798

HMB 607 - 82 124 285 364

SCB 2,850 - 193 674 1,900 1,431

Faysal 1,544 - 42 129 1,115 516 Ask ar i 1,078 - 42 116 1,065 87

UBL 364 - 12 54 663 (257)

BOK 1,287 - 69 214 996 436

BAH 529 - 1 72 419 181

MCB 815 - 65 634 1,017 367

NBP 503 81 (17) 69 608 (100)

Soneri 253 - (1) 29 211 72

Silk (20) - - 17 290 (293)

Summit 190 - - 26 117 99

Sindh 35 - - 14 92 (43)

ABL 61 - - 6 119 (52) 18,805 1,780 611 3,628 12,282 7,760

Rupees in million

Depreciation

on assets

given on

Ijarah

BankNet spread

earned

Net

provis ion /

(reversal)

Other

income

Operating

expenses

Profit /

(loss)

before tax


18/50



The profit before tax of banks included in this survey has increased by

28.9% to Rs. 310.7 billion in 2015 from Rs. 240.9 billion in 2014 mainly

due to increased net interest income.

Large Banks

All large banks have reported significant increase in profits this year.

6 0 ,2 8 6

3 4 ,1 7 2

4 3 ,4 4 7

4 2 ,7 8 9

2 5 ,7 7 6

1 2 , 6 5 7

4 8 ,2 5 0

2 3 ,1 3 6

3 5 , 6 1 6

3 7 , 3 5 4

2 2 ,4 3 3

8 , 6 7 7

-00

10,000

20,000

30,000

40,000

50,000

60,000

70,000

H B L

N B P

U B L

M C B

A B L

B A F

R u p e e s i n m i l l i o n s

2015 2014

Medium Size Banks

The medium sized banks experienced mixed results, with Askari, HMB,

Faysal and NIB reporting a significant increase.

1 2 ,2 6 6

8 , 3 3 7

8 ,4 5 1

1 2 , 5 6 5

1 5 , 5 6 5

6 , 9 2 0

3 , 5 9 6

4 , 0 2 9

3 ,7 6 8

6 9 3

7 1 2

2 , 9 5 9

1 0 , 0 0 3

5 , 8 6 9

6 , 8 9 9

7 , 3 3 6

1 5 , 3 6 8

3 , 5 5 2

2 ,4 4 2

( 1 0 8 )

2 , 5 8 9

3 6

9 2 6

1 , 9 0 1

(2,000)

-00

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

B A H

A s k ar i

M e ez

an

H MB

S C B

F a y s al

S on er i

N I B

J S S umm

i t

D I B

B OK


2015 2014

Profitability


19/50



Small Banks

Small banks also experienced mixed trends in their profitability with ICBC

and Citibank reporting significant increase.

2 , 8 2 1

( 1 , 8 3 9 )

2 , 0 7 5

5 , 6 5 9

4 0 6

8 1 5

3 5

1 , 6 5 6

6 3

1 ,4 0 5

1 3 1

1 , 6 1 2

4 , 6 0 3

2 1 7

4 2 5

( 6 6 6 )

9 1 0

6 9

(3,000)

(2,000)

(1,000)

-00

1,000

2,000

3,000

4,000

5,000

6,000

7,000

I C B C

S i l k

S i n d h

C i t i b ank

A l b ar ak a

S A MB A

F WB

D B

B OT

R u p e e s i n

m i l l i o n s

2015 2014

Islamic Banks

8 ,4 5 1

7 1 2 4 0

6

6 , 8 9 9

9 2 6

2 1 7

-00

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

M e e z a n

D I B

A l b a r a k a


2015 2014



20/50



Spread as per SBP

The overall average spread of the industry for last five years asdisclosed in SBP Statistical Bulletins was as follows:

2015 2014 2013 2012 2011

In percentage

Weighted averagelending rate

9.6 11.1 11.3 12.8 13.6

Weighted averagedeposit rate

4.1 5.0 5.1 5.8 6.0

Banking spread 5.5 6.1 6.2 7.0 7.6

Average Spread as per survey

The average spread of banks included in this survey was 4.2% (2014:

4.7%).

Average Spread of Large Banks as per survey

Average spread of large banks in 2015 was 4.7% as compared to

5.4% in 2014.

4 .4

5 .4

4 .4

5 .1

4 . 3

4 .7

5 . 0

5 . 6

4 .7

5 . 9

5 .7

5 . 5

H B L

N B P

U B L

M C B

A B L

B A F

In percentages

2015 2014

Difference between

mark-up/return/ interestearned on loans and

advances as a

percentage of average

loans and advances at

two year ends and mark-

up/return/ interest

expense of deposits as a


deposits at two year

ends

Spread


21/50



Average Spread of Medium Size Banks as per survey

Average spread of medium sized banks in 2015 was 4.1% as compared to 4.6% in

2014.

3 .7

4 . 0

3 . 8

2 . 6

7 . 8

5 . 6

2 . 9

3 . 8 3 . 5

3 . 8

3 . 9 3

.4

3 . 8

5 .1

3 . 8

2 .7

8 .2

6 . 5

3 .4

4 . 6

4 .7 4 .4

5 .4

2 . 5

BAH

A sk ar i

M e ez an

HMB

S CB

F a y s al

S on er i

NI B

J S

S ummi t

DI B

B OK

In percentages

2015 2014

Average Spread of Small Banks as per survey

Average spread of small banks in 2015 was 4.0% as compared to 4.5% in 2014.

4 . 3

6 .1

4 .1 4 .1

4 .1

2 . 3

4 . 5

5 . 3

1 .1

4 .2

6 . 9

5 . 9

2 .1

4 .1

2 . 8

4 . 6

6 . 5

3 . 6

I CB C

S i l k

S i n d h

Ci t i b ank

A l b ar ak a

S A MB A

F WB

DB

B OT

In percentages

2015 2014

Difference between

mark-up/return/ interest

earned on loans and

advances as a

percentage of averageloans and advances at


up/return/ interest




ends

Difference between


earned on loans and

advances as a




up/return/ interest




ends


22/50



Average Spread of Islamic Banks as per survey

Average spread of Islamic banks in 2015 was 3.9% as compared to 4.4%in 2014.

3 . 8

3

. 9

4 .1

3 . 8

5 .4

4 .1

M e ez an

DI B

A l b ar ak a

In percentages

2015 2014


Difference between


earned on loans and

advances as a




up/return/ interest




ends


23/50




24/50



Non Funded Income as a percentage of net interest income, of banks included

in this survey, has decreased from 30.1% in 2014 to 26.1% in 2015. However,

in absolute terms the non-funded income has increased by 3.9% from last

year.

Large Banks

2 6 . 3

3 7 . 6

3 1 . 3

2 3 . 9

1 6 .2

2 3 . 3

2 6 . 0

4 7 .1

3 7 . 3

2 4 .7 1

8 . 5

3 3 .2

HB L

NB P

UB L

M CB

A B L

B A F

In percentages

Medium Size Banks

1 5 . 0

2 2 . 5

1 9 . 9

3 0 . 0

2 6 . 8

2 5 . 3

2 4 . 6

3 9 .1

3 6 . 5

6 2 . 6

2 7 .2

1 1 .7

1 8 .2

2 9 .1

2 4 . 9

3 4 .2

3 0 . 9

2 6 .7

3 1 . 3

6 0 . 0

3 9 . 5

7 4 . 6

2 2 .7 1

3 . 6

B

A H

A

s k ar i

M

e ez an

H

MB

S

CB

F

a y s al

S

on er i

N

I B

J

S

S

ummi t

D

I B

B

OK

In percentages

2015 2014

Non-funded income

comprises of fee,

commission &

brokerage, rent, income

from dealing in foreign

currencies, profit on sale

of fixed & other assets

and other non-fund

receipts

Net interest income

means mark-

up/return/interest earned

(before provisions) less

mark-up/return/interest

expensed

Non-funded income

comprises of fee,

commission &





and other non-fund

receipts

Net interest income

means mark-




expensed

Non-Funded Income


25/50



Small Banks

2 8 .7

3 8 .7

6 . 9

4 8 .1 2 4

. 9 1 3 . 9

1 3 . 3

1 4 5 . 8

2 2 9 . 0

( 3 4 . 3 )

3 3 . 5

7 .4

4 1 . 3

2 7 .7 9

. 0 9 . 8

1 3 5 . 3

1 8 6 .1

I CB C

S i l k

S i n d h

Ci t i b ank

A l b ar ak a

S A MB A

F WB

DB

B OT

In percentages

2015 2014

Islamic Banks

1 9 . 9

2 7 .2

2 4 . 9

2 4 . 9

2

2 .7

2 7 .7

M e ez an

DI B

A l b ar ak a

In percentages

2015 2014


Non-funded income

comprises of fee,

commission &





and other non-fund

receipts.

Net interest income

means mark-




expensed.

Non-funded income

comprises of fee,

commission &



currencies, profit onsale of fixed & other

assets and other non-

fund receipts.

Net interest income

means mark-

up/return/interest

earned (before

provisions) less mark-

up/return/interest

expensed.


26/50



Staff costs averaged approximately 50.9% of total operating expenses in

2015 (2014: 50.9%).

Large Banks

2015 2014 2015 2014 2015 2014

HBL 24,430 21,842 15,060 14,123 1,622 1,547

NBP 29,903 28,828 25,425 25,421 1,176 1,134

UBL 18,384 16,741 15,132 13,771 1,215 1,216

MCB 11,390 10,523 12,491 12,301 912 855

ABL 10,124 9,711 10,350 10,194 978 953

BAF 10,443 9,462 10,320 10,531 1,012 898

104,674 97,107 88,778 86,341

Number of staff Cost per staff

Rupees in millions Numbers Rupees in thousand

Staff cost

Medium Size Banks

2015 2014 2015 2014 2015 2014

BAH 7,246 5,805 9,415 8,122 770 715

Askari 6,688 5,570 6,872 5,913 973 942

Meezan 6,723 5,017 8,581 7,429 783 675

HMB 4,556 3,786 4,297 3,934 1,060 962

SCB 5,934 5,617 3,860 4,400 1,537 1,277

Fays al 4,671 5,671 5,357 5,120 872 1,108

Soneri 2,519 2,282 3,676 3,524 685 648

NIB 3,090 3,172 2,759 3,096 1,120 1,025

JS 2,661 2,003 3,243 2,697 821 743

Sum mit 2,027 1,882 2,908 2,755 697 683

DIB 2,149 1,691 2,952 2,497 728 677

BOK 1,682 1,434 2,448 2,083 687 688

49,946 43,930 56,368 51,570

Cost per st aff

Rupees in thousand

Number of st aff

Numbers

Staff cost

Rupees in millions

Small Banks

2015 2014 2015 2014 2015 2014

ICBC 897 613 91 82 9,857 7,476

Silk 2,552 2,312 3,153 2,906 809 796

Sindh 1,621 1,287 1,994 1,776 813 725

Citibank 635 654 276 301 2,301 2,173

Albaraka 1,254 1,110 1,845 1,638 680 678

SAMBA 911 727 657 602 1,387 1,208

FWB 488 438 564 568 865 771

DB 486 478 105 106 4,629 4,509

BOT 90 88 55 59 1,636 1,492

8,934 7,707 8,740 8,038


Staff cost Number of staff Cost per staff

Islamic Banks

2015 2014 2015 2014 2015 2014

Meezan 6,723 5,017 8,581 7,429 783 675

DIB 2,149 1,691 2,952 2,497 728 677

Albaraka 1,254 1,110 1,845 1,638 680 67810,126 7,818 13,378 11,564

Number of staff Cost per staff Staff cost



Staff cost includes

salaries, allowances,

staff retirement benefits.

Staff cost includes



Staff cost includes



Staff cost includes



Staff Costs


27/50



Remuneration of Executives

Large Banks

2015 2014 2015 2014 2015 2014

H BL * 7 5,15 1 53 ,178 11,614 ,998 10,245 ,448 4,50 7 3,5 83

NBP 71,093 47,137 5,366,137 5,623,279 1,803 1,792

U BL * 127 ,305 246 ,520 8 ,138 ,206 7 ,280 ,128 1 ,947 1 ,784

MCB 84,696 73,684 3,581,948 3,182,059 1,216 1,026

ABL 46,299 43 ,276 3,783,383 3,631,007 1,31 9 1,314

BAF * 97 ,11 4 92 ,499 5,107 ,217 4,490 ,721 1,80 8 1,6 03

501,658 556,294 37,591,889 34,452,642 12,600 11,102

Rupees in thousands Numbers

Number of ExecutivesRemuneration of ExecutivesCEO Remuneration

Medium Size Banks

2015 2014 2015 2014 2015 2014

BAH 34,078 32,851 3,684,755 2,717,712 1,592 1,212

Askari 74,294 44,127 2,511,005 2,089,949 722 685

Meezan * 67,989 61,181 1,873,952 1,336,565 857 582

HMB 71,595 60,678 2,632,934 2,408,988 1,092 1,069

SCB * 69 ,456 51,128 3,018,453 2,657,978 1,245 1,131

Faysal * 45,079 48,816 1,789,248 1,829,160 601 637

Soneri * 64,441 59,175 1,384,443 1,152,321 626 595

NIB 51,422 133,485 1,645,813 1,889,206 780 759

JS 24,900 20,621 1,502,654 1,074,684 692 426

Summit 32 ,420 26,400 872,110 865,656 356 340

DIB 50,773 42,178 870,862 758,701 339 255

BOK 21,493 7,292 178,102 158,927 56 51

607,940 587,932 21,964,331 18,939,847 8,958 7,742



Small Banks

2015 2014 2015 2014 2015 2014

ICBC * 67,942 71,199 431,715 538,430 53 56

Silk 86,127 72,919 1,257,672 1,174,255 437 387

Sindh * 74 ,201 58,194 687,809 539,275 271 217

Citibank 69,594 72,878 430,021 533,810 123 150

Albaraka 50,865 45,256 524,401 487,250 244 221

SAMBA 61,614 51,333 498,170 419,338 184 161

FWB 28,080 20,862 183,946 156,895 96 84

DB * 45,595 40,337 230,821 212,733 63 65

BOT 16,152 16,356 37,068 33,798 18 11

500,170 449,334 4,281,623 4,095,784 1,489 1,352



Islamic Banks

2015 2014 2015 2014 2015 2014

Meezan * 67,989 61,181 1,873,952 1,336,565 857 582

DIB 50,773 4 2,178 8 70,862 758,701 339 255

Albaraka 50,865 45,256 524,401 487,250 244 221

169,627 148,615 3,269,215 2,582,516 1,440 1,058


CEO Remuneration Remuneration of Executives Number of Executives


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

Statements of the Banks. However, for the institutions marked with a steric *, information about certain benefits such asperformance 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

Remuneration of

executives


28/50



Total loans and advances of banks under review have increased by

5.1% in 2015 (2014: 10.3%) to Rs. 4,890 billion at 31 December 2015

(2014: Rs. 4,652 billion). The growth of various categories of banks was

as follows:

2015 2014

Large Banks 2.9% 8.7%

Medium Size Banks 9.6% 10.9%

Small Banks 2.0% 27.5%

Islamic Banks 27.4% 40.0%

Growth in Loans and Advances

Large Banks

2014-15 2013-14 2015 2014 2013

HBL 6.2 4.9 702,562 661,476 630,422

NBP (5.1) 2.7 694,385 731,980 713,043

UBL 3.0 11.4 529,915 514,283 461,675MCB 3.4 20.2 333,815 322,759 268,471

ABL 4.6 14.2 340,812 325,868 285,411

BAF 12.7 11.3 343,492 304,820 273,827

2.9 8.7 2,944,981 2,861,186 2,632,849

Rupees in millionsIn percentages

Annual increase Gross Advances

Annualised Increase (2013 – 15)

5.6

(1.3)

7.1

11.5

9.3

12.0

HBL

NBP

UBL

MCB

ABL

BAF

In percentages

Loans and Advances


29/50



Medium Size Banks

2014-15 2013-14 2015 2014 2013

BAH 14.0 8.2 214,273 187,973 173,652

Askari 14.9 3.5 228,419 198,851 192,175

Meezan 17.7 37.3 215,776 183,286 133,475

HMB (0.4) 4.6 150,076 150,739 144,144

SCB (14.6) (10.9) 128,112 150,025 168,427

Faysal (1.0) 0.2 202,543 204,676 204,343

Soneri 4.3 10.5 120,617 115,614 104,673

NIB 14.8 12.5 135,028 117,654 104,584

JS 23.1 83.4 79,402 64,502 35,170

Sum mit 6.8 18.7 83,099 77,804 65,569

DIB 76.7 64.2 106,651 60,350 36,759

BOK (7.2) 12.8 40,137 43,243 38,339

9.6 10.9 1,704,133 1,554,717 1,401,310

In percentages Rupees in millions

Annual increas e Gross Advances


11.1

9.0

27.1

2.0

(12.8)

(0.4)

7.3

13.6

50.3

12.6

70.3

2.3

BAH

Askari

Meezan

HMB

SCB

Faysal

Soneri

NIB

JS

Summit

DIB

BOK

In percentages


30/50



Small Banks

2014-15 2013-14 2015 2014 2013

ICBC 15.0 56.3 6,999 6,087 3,894

Silk 4.1 4.8 67,045 64,417 61,470

Sindh 13.4 55.1 46,708 41,204 26,565

Citibank (22.6) 84.9 24,460 31,621 17,099

Albaraka 1.4 26.8 50,548 49,834 39,314

SAMBA 9.8 16.3 26,260 23,916 20,562

FWB (1.6) (2.8) 9,253 9,401 9,669

DB (5.2) 51.0 6,667 7,034 4,658

BOT 14.7 28.6 2,589 2,257 1,754

2.0 27.5 240,529 235,771 184,985


Gros s Advances Annual incr ease


34.1

4.4

32.6

19.6

13.4

13.0

(2.2)

19.6

21.5

ICBC

Silk

Sindh

Citibank

Albaraka

SAMBA

FWB

DB

BOT

In percentages


31/50



Islamic Banks

2014-15 2013-14 2015 2014 2013

Meezan 17.7 37.3 215,776 183,286 133,475

DIB 76.7 64.2 106,651 60,350 36,759

Albaraka 1.4 26.8 50,548 49,834 39,314

27.1 40.0 372,975 293,470 209,548

Gros s Advances Annual inc rease



Annualized Increase (2013 – 15)

27.1

70.3

13.4

Meezan

DIB

Albaraka

In percentages


32/50



Market Share of Loans and Advances

2015 2014 2015 2014

HBL 14.4 14.2 702,562 661,476

NBP 14.2 15.7 694,385 731,980

UBL 10.8 11.1 529,915 514,283

BAF 7.0 6.6 343,492 304,820

ABL 7.0 7.0 340,812 325,868

MCB 6.8 6.9 333,815 322,759

Askari 4.7 4.3 228,419 198,851

Meezan 4.4 3.9 215,776 183,286

BAH 4.4 4.0 214,273 187,973

Faysal 4.1 4.4 202,543 204,676

HMB 3.1 3.2 150,076 150,739

Less than 3% 19.1 18.7 933,575 864,963

100 100 4,889,643 4,651,674


HBL

14.4%

NBP14.2%

UBL

10.8%

BAF

7.0% ABL7.0%

MCB6.8%

Askari

4.7%

Meezan

4.4%

BAH

4.4%

Faysal

4.1%

HMB3.1%

Less than 3%19.1%


33/50



Banks wi th less than 3% market share

2015 2014 2015 2014

NIB 2.8 2.5 135,028 117,654

SCB 2.6 3.2 128,112 150,025

Soneri 2.5 2.5 120,617 115,614

DIB 2.2 1.3 106,651 60,350

Sum mit 1.7 1.7 83,099 77,804

JS 1.6 1.4 79,402 64,502

Silk 1.4 1.4 67,045 64,417

Albaraka 1.0 1.1 50,548 49,834

Sindh 1.0 0.9 46,708 41,204

BOK 0.8 0.9 40,137 43,243

SAMBA 0.5 0.5 26,260 23,916

Citibank 0.5 0.8 24,460 31,621

FWB 0.2 0.2 9,253 9,401

ICBC 0.1 0.1 6,999 6,087

DB 0.1 0.2 6,667 7,034

BOT 0.1 0 .0 2,589 2,257

19.1 18.7 933,575 864,963


NIB2.8%

SCB2.6%

Soneri

2.5%

DIB2.2%

Summit1.7%

JS1.6%

Silk1.4%

Albaraka1.0%

Sindh1.0%

BOK0.8%

SAMBA0.5%

Citibank

0.5%FWB0.2%

ICBC0.1% DB

0.1% BOT0.1%


34/50



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

included in this survey has decreased to 48.1% in 2015 from 50.2% in 2014

due to growth rate of deposits being higher than growth rate of advances.

Large Banks

2015 2014 2013 2015 2014 2013

HBL 679,570 640,367 606,869 1,634,944 1,524,645 1,401,230

NBP 686,549 721,785 701,312 1,431,535 1,234,405 1,101,845

UBL 508,252 493,346 444,425 1,119,953 951,902 889,526

MCB 317,491 306,757 254,814 706,240 688,270 632,309

ABL 325,201 307,458 270,482 734,546 667,864 608,407

BAF 326,062 290,143 261,308 640,137 605,957 525,526

2,843,125 2,759,856 2,539,210 6,267,355 5,673,043 5,158,843

Advances* Deposits

Rupees in millions

* Excluding export refinance, finance against locally manufactured machineryand long-term financing against export oriented projects as its counterrefinance is not included in deposits

4 1 . 8

5 2 . 8

4 8 . 3

4 4 . 8

4 5 .1

4 9 . 5 4 2

. 6

6 0 . 9 5

0 . 9 4 2

. 5

4 5 . 3

4 8 .7

HB L

NB P

UB L

M CB

A B L

B A F

In percentages

2015 2014

Average 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) to

average deposits ratio Average advances to

average deposits ratio

Liquidity (AverageAdvances toAverage Deposits)


35/50



Medium Size Banks

2015 2014 2013 2015 2014 2013

BAH 191,159 166,500 155,084 516,198 446,311 386,099

Askari 218,092 190,897 183,222 433,130 387,535 335,173

Meezan 202,177 172,520 124,086 471,821 380,422 289,811

HMB 127,359 131,675 123,531 403,209 319,948 247,508

SCB 112,225 136,700 151,957 327,121 304,306 296,377

Faysal 186,735 186,236 185,176 292,130 283,346 271,134

Soneri 110,998 93 ,851 96,726 185,222 163,250 140,580

NIB 120,891 103,535 91,763 130,400 105,103 104,888JS 74,156 60,844 33,194 140,355 107,430 80,055

Summ it 77,801 72 ,809 61,356 119,742 105,222 106,256

DIB 102,099 57,641 34,821 136,743 83,844 67,639

BOK 38,545 41,642 36,845 117,292 92,264 77,218

1,562,237 1,414,850 1,277,761 3,273,363 2,778,981 2,402,738

Rupees in millions

Deposits Advanc es*

* Excluding export refinance, finance against locally manufactured machinery andlong-term financing against export oriented projects as its counter refinance isnot included in deposits.

3 7 .2

4 9 . 8

4 4 . 0

3 5 . 8

3 9 .4

6 4 . 8

5 8 . 8

9 5 . 3

5 4 . 5

6 6 . 9

7 2 .4

3 8 . 3

3 8 . 6

5 1 . 8

4 4 . 3

4 5 . 0

4 8 .1

6 7 . 0

6 2 .7

9 3 . 0

5 0 .2

6 3 .4

6 1 . 0 4 6

. 3

B A H

A s k ar i

M e ez an

HMB

S CB

F a y s al

S on er i

NI B

J S S ummi t

DI B

B OK

In percentages

2015 2014

Average advances

(excluding export









Average advances to



36/50



Small Banks

2015 2014 2013 2015 2014 2013

ICBC 6,999 6,087 3,894 26,949 9,501 14,987

Silk 64,946 61,217 58,060 81,098 68,770 69,433

Sindh 45,136 6,956 19,185 83,921 61,884 45,756

Citibank 24,460 31,621 17,099 61,743 48,144 40,936

Albaraka 48,483 47,844 37,112 71,644 80,223 75,647

SAMBA 24,303 20,785 18,090 38,844 31,642 24,633

FWB 9,201 9,335 9,620 15,163 13,449 18,338

DB 6,667 6,804 4,228 11,977 12,664 15,849

BOT 2,589 2,257 1,754 5,223 3,271 4,051

232,784 192,906 169,042 396,562 329,548 309,630

Rupees in millions

Advances* Deposit s

* Excluding export refinance, finance against locally manufactured machineryand long-term financing against export oriented projects as its counterrefinance is not included in deposits.

3 5 . 9

8 4 .2

3 5 .7

5 1 . 0

6 3 .4

6 4 . 0

6 4 . 8 5 4

.7

5 7

.1 4 0 . 8

8 6 . 3

2 4 . 3

5 4 .7

5 4 . 5

6 9 .1 5 9

. 6 3

8 .7

5 4 . 8

I CB C

S i l k

S i n d h

Ci t i b ank

A l b ar ak a

S A MB A

F WB

DB

B OT

In percentages

2015 2014

Average advances

(excluding exportrefinance, finance against








Average advances to



37/50



Islamic Banks

2015 2014 2013 2015 2014 2013

Meezan 202,177 172,520 124,086 471,821 380,422 289,811

DIB 102,099 57,641 34,821 136,743 83,844 67,639

Albaraka 48,483 47,844 37,112 71,644 80,223 75,647

352,759 278,005 196,019 680,208 544,489 433,097

Advanc es* Deposi ts

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.

4 4 . 0

7 2 .4 6 3

.4

4 4 . 3

6 1 . 0 5 4

. 5

M e ez an

D I B

A l b ar ak a

In percentages

2015 2014

Average advances

(excluding export





oriented projects as itscounter refinance is not



Average advances to



38/50



Deposits of banks included in this survey increased by 13.2% to Rs. 9,937

billion at 31 December 2015 compared to Rs. 8,782 billion at 31 December

2014.

Growth in Deposits

Large Banks

2014-15 2013-14 2015 2014 2013

HBL 7.2 8.8 1,634,944 1,524,645 1,401,230

NBP 16.0 12.0 1,431,535 1,234,405 1,101,845

UBL 17.7 7.0 1,119,953 951,902 889,526

MCB 2.6 8.9 706,240 688,270 632,309

ABL 10.0 9.8 734,546 667,864 608,407

BAF 5.6 15.3 640,137 605,957 525,526

10.5 10.0 6,267,355 5,673,043 5,158,843


Annual Increas e Depos its


8.0

14.0

12.2

5.7

9.9

10.4

HBL

NBP

UBL

MCB

ABL

BAF

In percentages

Deposits


39/50



Medium Size Banks

2014-15 2013-14 2015 2014 2013

BAH 15.7 15.6 516,198 446,311 386,099

Askari 11.8 15.6 433,130 387,535 335,173

Meezan 24.0 31.3 471,821 380,422 289,811

HMB 26.0 29.3 403,209 319,948 247,508

SCB 7.5 2.7 327,121 304,306 296,377

Fays al 3.1 4.5 292,130 283,346 271,134

Soneri 13.5 16.1 185,222 163,250 140,580

NIB 24.1 0.2 130,400 105,103 104,888

JS 30.6 34.2 140,355 107,430 80,055

Sum mit 13.8 (1.0) 119,742 105,222 106,256

DIB 63.1 24.0 136,743 83,844 67,639

BOK 27.1 19.5 117,292 92,264 77,218

17.8 15.7 3,273,363 2,778,981 2,402,738


Annual Increas e Depos its


15.6

13.7

27.6

27.6

5.1

3.8

14.8

11.5

32.4

6.2

42.2

23.2

BAH

Askari

Meezan

HMB

SCB

Faysal

Soneri

NIB

JS

Summit

DIB

BOK

In percentages


40/50



Small Banks

2014-15 2013-14 2015 2014 2013

ICBC 183.7 (36.6) 26,949 9,501 14,987

Silk 17.9 (1.0) 81,098 68,770 69,433

Sindh 35.6 35.2 83,921 61,884 45,756

Citibank 28.2 17.6 61,743 48,144 40,936

Albaraka (10.7) 6.0 71,644 80,223 75,647

SAMBA 22.8 28.5 38,844 31,642 24,633

FWB 12.7 (26.7) 15,163 13,449 18,338

DB (5.4) (20.1) 11,977 12,664 15,849

BOT 59.7 (19.2) 5,223 3,271 4,051

20.3 6.4 396,562 329,548 309,630


Deposits Annual Increas e


34.1

8.1

35.4

22.8

(2.7)

25.6

(9.1)

(13.1)

13.6

ICBC

Silk

Sindh

Citibank

Albaraka

SAMBA

FWB

DB

BOT

In percentages


41/50



Islamic Banks

2014-15 2013-14 2015 2014 2013

Meezan 24.0 31.3 471,821 380,422 289,811

DIB 63.1 24.0 136,743 83,844 67,639

Albaraka (10.7) 6.0 71,644 80,223 75,647

24.9 25.7 680,208 544,489 433,097


Deposits Annual Increase



27.6

42.2

(2.7)

Meezan

DIB

Albaraka

In percentages


42/50



Market Share of Customer Deposi ts

2015 2014 2015 2014

HBL 17.0 17.7 1,602,971 1,490,747

NBP 13.0 12.7 1,228,365 1,064,953

UBL 11.3 11.1 1,067,395 930,129

ABL 7.4 7.7 700,752 648,668

MCB 7.3 8.0 688,913 675,990

BAF 6.3 6.8 589,565 571,821

BAH 5.4 5.2 503,693 436,653

Meezan 4.9 4.5 465,674 375,670

Askari 4.5 4.6 428,002 386,638

HMB 4.1 3.7 389,858 312,808

SCB 3.4 3.6 320,620 302,584

Faysal 3.0 3.2 279,583 272,935

Less than 3% 12.4 11.2 1,149,170 942,354

100 100 9,414,561 8,411,950


* Deposits from financial institutions have been excluded to analyse deposits

from customer

HBL17.0%

NBP

13.0%

UBL11.3%

ABL7.4%MCB

7.3%

BAF

6.3%

BAH5.4%

Meezan

4.9%

Askari

4.5%

HMB

4.1%

SCB3.4%

Faysal

3.0%

Less than 3%12.4%


43/50



Banks wi th less than 3% market share

2015 2014 2015 2014

Soneri 1.8 1.9 171,171 159,240

JS 1.4 1.2 130,640 99,908

DIB 1.3 1.0 126,517 83,684

BOK 1.2 1.1 117,265 92,125

Summit 1.2 1.2 112,951 97,248

NIB 1.2 1.2 110,587 99,385

Sindh 0.9 0.7 80,937 59,281

Silk 0.9 0.8 77,682 65,900

Albaraka 0.7 0.8 67,560 70,035

Citibank 0.6 0.6 60,251 46,862

SAMBA 0.4 0.4 34,334 29,976

ICBC 0.3 0.1 26,929 9,444

FWB 0.2 0.2 15,162 13,347

DB 0.2 0.2 11,974 12,654

BOT 0.1 0.0 5,210 3,266

12.4 11.2 1,149,170 942,354


* Deposits from financial institutions have been excluded to analyse deposits from

customers.

Soneri1.8%

JS

1.4%

DIB1.3%

BOK1.2%Summit

1.2%

NIB1.2%

Sindh0.9%

Silk0.9%

Albaraka0.7%

Citibank

0.6%

SAMBA0.4%

ICBC0.3%

FWB0.2%

DB0.2%

BOT0.1%


44/50



Large Banks

Banks Rating Agency

Credit Rating Assigned

ShortTerm

LongTerm

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+ AA+

MCB Bank Limited PACRA A1+ AAA

Allied Bank Limited PACRA A1+ AA+

Bank Alfalah Limited PACRA A1+ AA

Medium Size Banks

Banks Rating Agency


ShortTerm

LongTerm

Bank Al-Habib Limited PACRA A1+ AA+

Askari Bank Limited JCR-VIS A-1+ AA

Meezan Bank Limited JCR-VIS A-1+ AA

The Bank of Punjab PACRA A1+ AA-

Habib Metropolitan Bank Limited PACRA A1+ AA+

Standard Chartered Bank(Pakistan) Limited PACRA A1+ AAA

Faysal Bank Limited PACRA A1+ AA

JCR-VIS A-1+ AA

Soneri Bank Limited PACRA A1+ AA-

NIB Bank Limited PACRA A1+ AA-

JS Bank Limited PACRA A1+ A+

Summit Bank Limited JCR-VIS A-1 A

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

The Bank of Khyber PACRA A1 A

JCR-VIS A-1 A

Credit Ratings


45/50



Small Banks

Banks Rating Agency


ShortTerm

LongTerm

Industrial and Commercial Bankof China Limited (PakistanBranches) Moody’s P-1 A1

Silkbank Limited JCR-VIS A-2 A-

Sindh Bank Limited JCR-VIS A-1+ AA

Citibank N.A. (PakistanBranches) Moody’s P-1 A2

Albaraka Bank (Pakistan) Limited PACRA A1 A

JCR-VIS A-1 A

Samba Bank Limited JCR-VIS A-1 AA

First Women Bank Limited PACRA A2 BBB+

Deutsche Bank AG (PakistanBranches)

Standard &Poor's A-2 BBB+

Moody’s P-2 A3

Fitch F1 A-

The Bank of Tokyo MitsubishiUFJ, Limited – Karachi Branch

Standard &Poor’s A-1 A+

Moody’s P-1* A1

Fitch F1 A

* Deposit Rating only


46/50



Large BanksBanks Legend Number of

Branches *

2015 2014

Habib Bank Limited HBL 1,716 1,644

National Bank of Pakistan NBP 1,424 1,377

United Bank Limited UBL 1,330 1,313

MCB Bank Limited MCB 1,257 1,232 Allied Bank Limited ABL 1,050 1,000

Bank Alfalah Limited BAF 653 648

Medium Size BanksBanks Legend Number of

Branches *

2015 2014

Bank Al-Habib Limited BAH 423 351

Askari Bank Limited Askari 424 321

Meezan Bank Limited Meezan 551 428

Habib Metropolitan Bank Limited HMB 237 201

Standard Chartered Bank (Pakistan) Limited SCB 101 116Faysal Bank Limited Faysal 280 274

Soneri Bank Limited Soneri 266 246

NIB Bank Limited NIB 171 171

JS Bank Limited JS 277 238

Summit Bank Limited Summit 192 188

Dubai Islamic Bank (Pakistan) Limited DIB 200 175

The Bank of Khyber BOK 130 116

Small BanksBanks Legend Number of

Branches *

2015 2014

Industrial and Commercial Bank of ChinaLimited (Pakistan Branches) ICBC 3 3

Silkbank Limited Silk 88 88

Sindh Bank Limited Sindh 263 230

Citibank N.A (Pakistan Branches) Citibank 3 3

Albaraka Bank (Pakistan) Limited Albaraka 135 130

Samba Bank Limited SAMBA 34 28

First Women Bank Limited FWB 42 41

Deutsche Bank AG (Pakistan Branches) DB 3 3

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

MCB Islamic Bank Limited MCBIB 6 -

*As at 31 December

Number of Branchesand Legend(including sub-branches)


47/50




48/50



Average Advances The average of opening and closing gross advances at twoyear ends is taken.

Average Assets The average of opening and closing total assets at two yearends is taken.

Average Deposi ts The average of opening and closing deposits at two year endsis taken.

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

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 2015) - 1

Figure (year 2013)

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, ijaras, etc. and local & foreign

bills discounted & purchased before provisions.

Impairment Cover Number of times impairment charge on loans and advancesand investments is covered by net profits before chargingimpairment.

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

treasury banks, balances with other banks, lending to financialinstitutions, fixed income investments and advances (excludingnon-performing assets).

Interest Bearing Liabili ties Interest bearing liabilities means: borrowings, deposits andother accounts, sub-ordinated loans and liabilities againstassets subject to finance lease.

Market Capitalization Product of total outstanding number of ordinary shares andmarket price as at year end.

Non-funded Income Fee, commission & brokerage, rent, income from dealing inforeign currencies, profit on sale of fixed & other assets andother non-fund receipts.

Definitions


49/50



Non-markup / Non-Interest Income /Other Income

Includes fee, commission and brokerage income, dividendincome, inco

Banking Survey 2015 For Pakistan

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