Professional Documents
Culture Documents
Unconsolidated O (U) % 2007 19% (9%) 13% (3%) (7%) (7%) 19% 13% 2008 28,483 5,791 34,275 21,868 15,375 24.5 O (U) PKR 2007 4,562 (657) 3,905 560 109 0.2 O (U) % 2007 19% (10%) 13% 3% 1% 1%
4%
(1) ROAE = Net income / Average shareholder funds over period. Shareholder funds exclude revaluation reserve (2) ROAA = Net income / Average assets over period (3) NIM = Net interest income + capital markets income + dividend income / average earning assets over period (balance with other banks + lending to FI + investments + advances)
Operating Highlights
O (U) PKR Dec-07 Dec-08 Dec-07 O (U) % Dec-07
Branches (Total)
Online Branches Symbols Branches No of active accounts ATM Virtual Banking Users
1,026
669 227 2.9 Mn 349 39,525
1,047
836 663 3.1 Mn 370 47,686
21
167 436 0.2 Mn 21 8,161
2%
25% 192% 8% 6% 21%
POS Machine
ATM Cards VISA Cards Branches Renovated Employee (permanent) Credit Rating Long Term Short Term
4,345
715,042 64,809 53 9,721 AA+ A1+
7,160
895,317 74,111 69 10,160 AA+ A1+
2,815
180,275 9,302 16 439
65%
25% 14% 30% 5%
Launched in Aug New branch sales model: Over 400 PBA / DSCs inducted Consumer 40 branches Commercial 56 branches Mobile banking SMS alerts, e-statements COSO framework compliance implementation First domestic bank in Pakistan to obtain ICFR certification by auditor Trade Products Division Launched in June Centralization of inward, outward clearing and bulk remittances Strengthening of Agri Division and hiring of Agricultural Marketing Officers (AMOs) in 2H08 Best Bank in Asia Award (July)
Core banking system installed in 750+ branches by Dec whole network by 1H08
Oracle GL implemented in Dec Mini MCB: Electronic lobbies / van ATM, virtual and phone banking Business Continuity Planning tested throughout year for mission critical functions
1,335
2,684 13,911 5,399 31 21,887 16,457 6,564 15,323 24.4 30%
(1,624)
2,579 2,062 (370) (1,193) (640) 923 479 (1,118) (2) 27%
(55%)
N/A 17% (6%) (97%) (3%) 6% 8% (7%) (7%)
Utility Bill
Cash Management Commission on bill/ LC/ Gaurantee Commission on DD/ TT/ MT Others Total Fee, Brokerage & Commission Income
220
189 857 194 881 2,879
(23)
58 89 (71) (97) 106
(9%)
45% 12% (27%) (10%) 4%
Non Interest Income PKR Mm Fee, commission and brokerage income Dividend income Income from dealing in foreign currencies Gain on sale of securities - net Other income Non Interest Income FY08 2,879 451 728 748 1,124 5,930
Note: Others include Incidental charges, arrangement/ advisory fee, consumer finance, miscellaneous and difference of consoli dated and unconsolidated Fee income
Other
Sub-total Sub-total excl. PF Other Charges SBP penalties WWF Others Sub-total Other Total Non-Interest Expenses Total Non - Interest Expenses without PF Reversal
Note: Car monetization cost of 290M in 08, against 141M in 07.
1,700
7,580 12,980
73
2,140 1,770
5%
39% 16%
Deposit Base
% Total
PKR Bn Customers Fixed deposits 62 19% 11% 29 92% Dec-08 Dec-08 Dec-07
O (U) PKR
Dec-07
O (U) %
Dec-07
Savings deposits
Current deposits Margin Other
151
105 3 0 321
46%
32% 1% 0% 97%
52%
33% 1% 0% 97%
-1
9 1 0 39
0%
10% 21% (87%) 14%
Financial Institutions Remunerative Non-remunerative Total Deposits CASA 5 4 330 269 2% 1% 100% 81% 3% 0% 100% 89% -4 3 38 (44%) 619% 13%
Loan Portfolio
O (U) PKR PKR Bn Corporate Commercial Consumer Islamic Other Gross advances Dec 08 149 80 30 5 10 273 Dec 08 % of Total 54% 29% 11% 2% 4% 100% Dec 07 47 (6) 3 44 O (U) % Dec 07 46% (7%) 0% 0% 43% 19%
83% 79%
79% 75%
O (U) PKR Advances Financial Power / utilities Textiles Transport, storage and communication Chemicals and pharma Cement Sugar Wholesale and retail Export/imports Individuals Other Dec 08 10,491 48,481 35,241 33,182 13,931 4,986 6,490 24,868 0 32,721 62,830 Dec 07 (4,879) 33,643 (501) 21,812 5,870 (324) 554 2,029 (184) 866 (15,398)
O (U) % Dec 07 -32% 227% -1% 192% 73% -6% 9% 9% -100% 3% -20%
Total
273,221
43,489
19%
100%
Asset Quality
O (U) PKR PKR mm Gross loans NPL Dec 08 273,221 18,269 Dec 07 229,732 10,725 Dec 07 43,489 7,544 O (U) % Dec 07 19% 70%
Total provision s
10,712
10,772
(60)
(1%)
NPL: Loans
Provisions: NPLs
6.69%
58.6%
4.67%
100.4%
Provisions
PKR Mn 2008
Specific Provisioning o/b Specific Provision charge to P&L General Provision transferred to Specific Provisions (1) Specific Provisions charge Amounts written off Exchange adjustments Specific Provision c/b
10,772 10,712
(1) In 2008, management revised the estimate relating to General Provisions against unidentified losses to c.0.1% of advances (gross) from 1% as the bank does not utilize FSV benefit in its provisioning policy. The estimate of providing 1% provision was made when FSV benefit was in place and unidentified losses were not properly covered through provisions
Non Performing Advances PKR Mm Financial Power / utilities Textiles Transport, storage, comm. Chemicals and pharma Cement Sugar Wholesale and retail Export/imports Individuals Other Total Dec 2008 2,094 4 2,921 73 118 0 388 3,147 318 1,444 7,760 18,269
NPL O (U) PKR 2,041 2 1,642 38 96 (0) 367 (1,676) (36) 661 4,408 7,544
Capital Strength
Dec-08 Dec-07
Total assets Tier 1 Capital Tier 2 Capital Risk weighted assets Tier 1 Capital Ratio
16.1%
16.7%