Banking Survey 2013

KPMG Taseer Hadi & Co.
Chartered Accountants
Banking Survey 2013

Commercial Banks Operating in Pakistan
Banking Survey 2013

This survey has been prepared by KPMG Taseer Hadi & Co. and summarizes the performance of
selected commercial banks in Pakistan for the year ended 31 December 2013.
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. 500 billion.
II.
Medium size Banks: Total assets in excess of Rs. 100 billion but less than Rs. 500
billion.
III.
Small Banks: Total assets less than Rs. 100 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.
The information contained in this survey has been obtained from the published
consolidated financial statements of the banks, statistical bulletins 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.
Comparative figures of 2012 as reported in our Banking Survey 2012 have
been updated to correspond with comparative figures reported in 2013
financial statements. The majority of the banks have restated their 2012
financial statements mainly due to application of revised IAS 19 Employee
Benefits effective for periods beginning on or after 1 January 2013.
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
pk-fmkarachi@kpmg.com
Dated 5 May 2014

Karachi
2014 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.
2013 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.
Contents
At a Glance ............................................................................................... 1
Summary of Financial Information ............................................................ 7
Profitability .............................................................................................. 13
Spread .................................................................................................... 17
Non-Funded Income ............................................................................... 21
Staff Costs .............................................................................................. 23
Loans and Advances .............................................................................. 27
Liquidity (Average Advances to Average Deposits) ................................ 33
Deposits.................................................................................................. 37
Credit Ratings ......................................................................................... 43
Number of Branches and Legend ........................................................... 45
Definitions ............................................................................................... 47
2014 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.
Banking Survey 2013
with aKPMG
International
Cooperative
(KPMG
International),
a Swiss
rights reserved.
2014 KPMG firms
Taseeraffiliated
Hadi & Co.,
Partnership
firm registered
in Pakistan
and
a member firm
of theentity.
KPMGAll
network
of independent member
At a Glance
Large Banks
HBL
NBP
UBL
MCB
ABL
BAF
2013
2012
2013
2012
2013
2012
2013
2012
2013
2012
2013
2012
1
2
1
1
2
1
2
1
7
2
1
4
3
4
3
3
4
3
4
3
2
4
3
2
5
5
5
5
6
5
6
7
8
6
7
8
Profit before tax

(Rupees in millions)
36,133
35,562
7,029
22,184
28,965
28,316
32,932
32,065
14,931
16,112
6,807
6,783
Net Interest Margin
2.4%
3.3%
2.3%
3.4%
2.7%
3.5%
3.5%
4.5%
2.0%
1.8%
1.6%
2.1%
Return on Average Equity
26.3%
29.4%
4.6%
16.1%
27.2%
29.9%
29.7%
32.3%
25.1%
33.5%
22.0%
24.4%
Return on Average Assets
2.2%
2.6%
0.5%
1.8%
2.8%
3.2%
4.1%
4.5%
2.2%
2.8%
1.2%
1.4%
Operating Cost to Net

Income ratio
66.9%
54.3%
98.4%
81.9%
75.0%
67.3%
52.6%
44.5%
74.3%
84.3%
102.5%
83.6%
Net provision/(reversal)
1,400
6,767
19,568
10,710
1,594
4,247
(2,836)
478
580
1,020
1,056
3,537
Impairment cover
(Times)
26.8
6.3
1.4
3.1
19.2
7.7
68.1
26.7
16.8
7.4
2.9
Non Performing Advances

to gross loans
9.2%
10.9%
16.3%
12.6%
11.9%
13.6%
8.7%
9.7%
6.8%
7.2%
6.6%
8.9%
Total Assets
1,715,271
1,610,474
1,371,718
1,316,349
1,083,633
962,346
821,278
771,458
734,762
634,092
610,614
536,568
Net Assets
142,434
132,730
160,664
144,881
111,273
101,928
115,463
106,475
66,686
52,386
31,902
30,059
Capital Adequacy Ratio
15.4%
15.3%
16.1%
16.1%
13.3%
14.9%
22.2%
22.2%
18.0%
16.3%
12.1%
12.6%
CASA
73.2%
66.6%
69.1%
70.0%
65.8%
65.7%
88.5%
83.4%
67.7%
68.4%
68.7%
69.1%
17.2
17.0
2.5
7.3
15.8
15.7
21.6
20.6
14.2
11.4
3.5
3.4
Ranking
By total assets
By net assets
By profit before tax
EPS
2013 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.
Banking Survey 2013
Medium Banks
BAH
SCB
2013
2012
2013
2012
2013
7
9
6
7
9
7
8
6
4
8
5
6
9
11
32
Profit before tax

7,553
8,938
16,368
9,322
Net Interest Margin
1.5%
2.0%
3.3%
30.4%
40.7%
1.7%

Income ratio
Faysal
BOP
Meezan
2013
2012
2013
2012
2013
2012
9
11
13
10
10
13
11
10
12
11
14
11
10
14
16
12
12
9
13
12
9
(8,323)
1,773
2,161
1,835
2,978
1,515
5,647
5,230
4.3%
1.8%
2.1%
2.3%
2.2%
2.0%
1.6%
2.6%
3.3%
29.1%
16.8%
-43.0%
9.5%
10.0%
9.1%
23.1%
13.2%
31.8%
34.5%
2.1%
4.0%
2.4%
-2.2%
0.5%
0.6%
0.6%
0.9%
0.5%
1.9%
2.2%
71.7%
58.5%
49.2%
71.9%
112.9%
98.7%
102.4%
122.8%
131.6%
213.4%
79.0%
68.6%
480
466
(925)
3,579
11,011
2,693
2,116
1,401
(651)
(750)
93
451
Impairment cover
(Times)
16.7
20.2
3.6
0.2
1.7
2.0
2.3
61.5
12.6

to gross loans
2.1%
2.4%
14.8%
16.2%
17.2%
16.3%
13.5%
14.4%
32.8%
39.4%
3.6%
5.3%
Total Assets
461,022
453,354
410,260
399,055
395,097
353,182
355,280
313,123
352,674
332,110
329,725
274,437
Net Assets
25,581
24,062
56,952
55,424
18,972
19,711
22,166
21,037
13,457
12,371
18,913
16,563
14.6%
16.0%
16.9%
14.4%
10.5%
11.9%
11.3%
10.7%
9.0%
7.7%
12.5%
14.1%
CASA
75.1%
70.3%
90.7%
88.0%
72.6%
71.4%
61.9%
56.7%
55.8%
56.0%
65.8%
65.5%
5.1
5.4
2.7
1.5
(6.2)
1.5
1.8
1.4
2.3
2.8
4.0
3.5
2013
2012
2013
2012
2013
2013
2012
2013
2012
13
8
10
12
8
10
14
13
14
14
13
22
15
15
16
15
15
14
16
31
29
16
31
32
17
18
17
20
18
18
18
16
15
21
16
15
Profit before tax

5,117
5,041
2,112
440
1,530
1,722
(1,386)
(2,499)
1,078
1,159
1,669
1,572
Net Interest Margin
1.8%
1.6%
1.7%
1.3%
2.0%
2.4%
0.5%
0.7%
1.6%
2.1%
1.8%
1.2%
18.2%
19.1%
14.0%
3.1%
11.9%
14.8%
-43.6%
-57.4%
9.7%
11.7%
13.7%
14.2%
1.7%
1.7%
1.1%
0.5%
0.9%
1.2%
-1.1%
-2.0%
1.1%
1.7%
1.8%
2.1%

Income ratio
73.5%
67.9%
171.0%
188.5%
102.4%
92.1%
567.6%
3115.5%
151.1%
118.9%
65.5%
70.2%
2,109
2,694
(629)
117
735
520
(836)
23
264
530
82
178
3.4
2.9
4.8
3.1
4.3
5.1
3.2
21.3
9.8
11.8%
14.4%
28.6%
34.7%
10.0%
11.9%
27.2%
36.0%
7.8%
14.5%
10.1%
14.6%
Total Assets
311,396
304,310
178,294
190,855
169,234
158,629
125,500
134,289
114,749
84,019
108,170
82,178
Net Assets
27,985
28,189
15,699
14,396
13,283
12,332
3,347
3,008
11,308
10,947
12,557
11,727
16.3%
16.9%
12.0%
12.2%
11.0%
12.4%
4.4%
4.6%
19.0%
24.3%
24.0%
25.1%
CASA
56.5%
49.9%
66.4%
67.6%
68.8%
66.5%
67.9%
52.3%
57.9%
55.6%
56.5%
50.6%
3.4
3.2
0.2
0.02
0.9
1.0
(1.5)
(2.5)
0.4
0.7
1.2
1.1
Ranking
By total assets
By net assets
EPS
HMB
Ranking
By total assets
By net assets
Impairment cover
(Times)
to gross loans
EPS
Askari
2012
NIB
Soneri
2012
Summit
2013
2012
JS
BOK
Banking Survey 2013

Small Banks
Silk
2013
2012
AlBaraka
2013
2012
Islami
2013
DIB
2012
2013
Sindh
2012
2013
2012
Ranking
By total assets
19
18
20
23
21
22
22
24
23
17
By net assets
24
28
26
24
25
27
23
22
17
17
30
29
26
30
21
21
23
20
18
17
Profit before tax

(Rupees in Millions)
(1,528)
(529)
(34)
(956)
308
463
212
501
953
1,286
Net Interest Margin
2.4%
2.7%
1.6%
1.5%
3.4%
3.0%
2.7%
4.3%
1.3%
1.5%
-25.4%
-9.6%
-0.6%
-15.2%
5.2%
8.5%
3.1%
7.6%
8.5%
11.8%
-1.7%
-0.6%
0.0%
-1.3%
0.4%
0.7%
0.3%
0.9%
1.1%
1.8%

Income ratio
202.8%
214.3%
125.5%
136.2%
100.9%
90.9%
102.4%
100.1%
95.1%
62.7%
633
(580)
171
802
123
96.07
457
193
17
1.07
0.8
3.5
5.8
1.5
3.6
56.1
1203.6

to gross loans
16.0%
20.0%
13.2%
19.3%
2.8%
4.3%
7.1%
9.2%
0.2%
0.0%
Total Assets
91,800
89,080
87,759
73,867
86,856
74,249
80,257
63,510
75,032
92,291
Net Assets
6,675
5,373
5,848
6,019
6,242
5,591
6,962
6,876
11,327
11,088
7.7%
5.7%
12.0%
11.2%
15.4%
15.1%
14.6%
19.1%
24.0%
38.5%
CASA
52.7%
48.7%
49.4%
47.8%
36.7%
50.4%
64.3%
58.7%
64.3%
77.7%
(0.4)
(0.1)
(0.1)
(0.7)
0.4
0.6
0.2
0.5
0.7
0.9
Impairment cover
(Times)
EPS
ICBC
2013
2012
CitiBank
2013
2012
Burj
2013
2012
Barclays
2013
2012
HSBC
2013
2012
Ranking
By total assets
24
31
25
19
26
27
27
26
28
25
By net assets
30
30
20
19
27
26
22
23
21
21
22
27
12
11
31
26
19
31
28
28
Profit before tax

260
(180)
2,886
2,403
(1,739)
33
516
(1,041)
(1,078)
(488)
Net Interest Margin
5.3%
0.3%
2.9%
4.9%
1.6%
2.0%
1.7%
3.7%
2.5%
3.3%
7.6%
-5.9%
32.9%
24.4%
-30.8%
0.6%
7.3%
-15.1%
-14.5%
-6.4%
0.6%
-1.3%
4.0%
2.6%
-3.5%
0.1%
1.0%
-2.0%
-2.2%
-0.9%

Income ratio
22.3%
461.6%
98.6%
85.3%
260.7%
159.1%
108.7%
112.4%
186.4%
139.5%
(687)
822
821
(174)
(25)
378
493
526
Impairment cover
(Times)
3.9
0.1
0.0%
0.0%
20.8%
25.4%
3.4%
4.3%
4.8%
4.7%
7.6%
7.8%
Total Assets
62,045
22,048
59,886
85,196
53,389
47,185
52,403
47,778
48,023
50,328
Net Assets
3,695
3,149
8,557
8,992
5,361
5,937
7,223
6,824
7,248
7,644
Capital Adequacy ratio
21.9%
71.0%
24.1%
20.7%
20.8%
22.6%
31.7%
29.8%
31.8%
27.7%
CASA
24.9%
29.5%
64.8%
74.5%
43.6%
48.9%
65.7%
69.5%
68.0%
61.9%
(1.5)
0.1

to gross loans
EPS
Banking Survey 2013

2013
DB
FWB
2013
2012
2013
BOT
2012
2013
2012
Ranking
By total assets
29
28
30
29
31
30
32
32
By net assets
19
20
28
25
32
32
29
29
24
23
20
19
27
24
25
25
Profit before tax

82
164
490
551
(222)
95
21
71
Net Interest Margin
1.6%
2.6%
4.1%
4.6%
2.2%
2.5%
1.1%
1.1%
0.9%
2.0%
8.7%
9.2%
-12.2%
5.2%
0.4%
1.4%
0.2%
0.5%
1.7%
2.2%
-1.0%
0.5%
0.2%
0.8%

Income ratio
112.2%
106.1%
123.7%
106.4%
128.4%
93.2%
284.6%
226.8%
(90)
(91)
(32)
172
51
67.7
2.9

to gross loans
11.4%
13.7%
7.7%
8.2%
7.9%
7.1%
0.0%
0.0%
Total Assets
40,002
34,854
27,804
28,949
20,761
22,506
9,294
8,272
Net Assets
10,131
8,516
5,287
5,961
1,635
1,997
4,523
5,064
42.4%
43.9%
17.7%
21.9%
20.1%
24.7%
128.7%
102.0%
CASA
57.1%
49.0%
61.8%
45.4%
58.2%
58.7%
16.3%
24.0%
0.1
0.4
(1.4)
0.4
Impairment cover
(Times)
EPS
Samba
2012
Banking Survey 2013

Islamic Banks
Meezan
2013
2012
Ranking
By total assets
By net assets
AlBaraka
2013
2012
Islami
DIB
Burj
2013
2012
2013
2012
2013
2012
1
1
1
1
1
1
2
4
4
3
3
5
3
3
2
2
5
3
4
2
3
4
2
2
5
5
5
5
4
4
Profit before tax

5,647
5,230
(34)
(956)
308
463
212
501
(1,739)
33
Net Interest Margin
2.6%
3.3%
1.6%
1.5%
3.4%
3.0%
2.7%
4.3%
1.6%
2.0%
31.8%
34.5%
-0.6%
-15.2%
5.2%
8.5%
3.1%
7.6%
-30.8%
0.6%
1.9%
2.2%
0.0%
-1.3%
0.4%
0.7%
0.3%
0.9%
-3.5%
0.1%

Income ratio
73.5%
67.9%
125.5%
136.2%
100.9%
90.9%
102.4%
100.1%
260.7%
159.1%
93
451
171
802
123
96
457
193
821
(174)
Impairment cover
(Times)
61.5
12.6
0.8
3.5
5.8
1.5
3.6

to gross loans
3.6%
5.3%
13.2%
19.3%
2.8%
4.3%
7.1%
9.2%
3.4%
4.3%
Total Assets
329,725
274,437
87,759
73,867
86,856
74,249
80,257
63,510
53,389
47,185
Net Assets
18,913
16,563
5,848
6,019
6,242
5,591
6,962
6,876
5,361
5,937
12.5%
14.1%
12.0%
11.2%
15.4%
15.1%
14.6%
19.1%
20.8%
22.6%
CASA
65.8%
65.5%
49.4%
47.8%
36.7%
50.4%
64.3%
58.7%
43.6%
48.9%
4.0
3.5
(0.1)
(0.7)
0.4
0.6
0.2
0.5
(1.5)
0.1
EPS
Banking Survey 2013

Banking Survey
2013
with aKPMG
International
Cooperative
(KPMG
International),
a Swiss
rights reserved.
2014 KPMG firms
Taseeraffiliated
Hadi & Co.,
Partnership
firm registered
in Pakistan
and
a member firm
of theentity.
KPMGAll
network
Summary of Financial Information

Large Banks
Assets
Operating
fixed assets
& intangible
assets
Loans and
advances net of
provisions
Bank
Cash & bank
Investments
Lendings to
financial
institutions
HBL
192,818
826,062
35,271
NBP
176,619
396,412
51,942
620,217
UBL
122,250
458,846
29,858
415,283
MCB
61,541
453,808
1,225
ABL
45,775
363,811
12,461
BAF
96,385
219,690
695,388
2,718,629
Other assets
Total assets
25,706
71,712
1,715,271
34,569
91,960
1,371,718
28,038
29,357
1,083,633
248,522
29,006
27,177
821,278
267,036
22,097
23,582
734,762
2,522
260,780
14,835
16,402
610,614
133,279
2,375,539
154,251
260,190
6,337,276
Rupees in million
563,701
Liabilities and Equity
Deposits
Subordinated
loans
Bank
Bills payable
Borrowings
Other liabilities
Equity
Total
HBL
19,422
107,864
1,401,230
2,633
41,687
142,434
1,715,271
NBP
13,895
23,014
1,101,845
72,300
160,664
1,371,718
UBL
16,601
41,078
889,526
665
24,490
111,273
1,083,633
MCB
10,139
38,660
632,309
24,707
115,463
821,278
ABL
4,879
32,952
608,407
4,242
17,596
66,686
734,762
BAF
9,543
23,115
525,526
9,991
10,537
31,902
610,614
74,479
266,683
5,158,843
17,531
191,317
628,422
6,337,276
Rupees in million
Income Statement
Bank
Net
Spread provisions /
(reversals)
Non-markup / Noninterest
income
Operating Operating
Profit
income
expenses before tax
Taxation
Other
Profit after Comprehensive
Income
tax
Rupees in million
HBL
55,016
1,400
19,323
72,939
36,806
36,133
13,106
23,027
NBP
39,298
19,568
25,952
45,682
38,653
7,029
1,722
5,307
UBL
39,509
1,594
20,699
58,614
29,649
28,965
9,234
19,731
1,368
MCB
37,967
(2,836)
12,105
52,908
19,976
32,932
10,982
21,950
(1,446)
ABL
21,661
580
9,950
31,031
16,100
14,931
148
14,783
5,313
BAF
16,895
1,056
8,279
24,118
17,311
6,807
2,131
4,676
210,346
21,362
96,308
285,292
158,495
126,797
37,323
89,474
(1,080)
23,474
(132)
27,498
Banking Survey 2013
Medium Size Banks

Assets
Loans and
advances net of
provisions
Lendings to
financial
institutions
Bank
Cash & bank
Investments
BAH
34,864
239,986
SCB
33,940
146,380
22,159
Rupees in million
167,569
146,239
Operating
fixed assets
& intangible
assets
Other assets
Total assets
11,816
6,787
461,022
32,396
29,147
410,260
Askari
35,229
165,898
2,503
163,561
8,623
19,282
395,097
Faysal
29,434
113,319
300
184,190
10,251
17,785
355,280
BOP
28,086
123,974
11,407
157,240
3,515
28,452
352,674
Meezan
32,137
151,614
7,443
127,623
5,595
5,313
329,725
HMB
24,761
142,327
129,834
3,036
11,438
311,396
NIB
8,696
60,792
2,128
82,026
6,046
18,606
178,294
Soneri
13,630
46,703
2,738
97,179
4,009
4,976
169,234
Summit
11,506
39,527
1,555
54,208
6,258
12,446
125,500
JS
8,317
43,855
21,586
33,769
3,751
3,471
114,749
BOK
7,882
53,363
7,500
35,450
1,604
2,370
108,170
268,482
1,327,738
79,319
1,378,888
96,900
160,073
3,311,401
Bills payable
Borrowings
BAH
6,173
29,480
386,099
7,203
25,581
SCB
6,540
17,291
296,377
2,500
30,600
56,952
410,260
Askari
5,688
24,546
335,173
3,994
6,724
18,972
395,097
Faysal
4,969
45,447
271,134
3,495
8,069
22,166
355,280
BOP
1,506
22,802
306,561
8,348
13,457
352,674
Meezan
3,615
11,375
289,811
6,011
18,913
329,725
HMB
3,982
23,057
247,508
8,863
27,985
311,396
Rupees in million
6,486
Equity
Total
461,022
NIB
2,863
51,507
104,888
3,337
15,699
178,294
Soneri
2,578
10,485
140,580
2,308
13,283
169,234
Summit
2,205
9,961
106,256
1,499
2,232
3,347
125,500
JS
1,415
20,151
80,055
1,820
11,308
114,749
521
15,158
77,218
2,717
12,557
108,170
42,055
281,260
2,641,660
17,974
88,231
240,220
3,311,401
BOK
Deposits
Subordinated
Other liabilities
loans
Bank
Banking Survey 2013

Income Statement
Bank
Net
Spread provisions /
(reversals)
income
BAH
14,261
480
3,990
SCB
18,806
(925)
5,881
Operating
income
Operating
expenses
Rupees in million
17,771
10,218
25,612
7,553
2,355
5,198
(648)
16,368
5,669
10,699
(376)
(8,323)
Askari
8,599
11,011
3,798
1,386
9,709
10,845
2,116
4,533
13,262
11,101
BOP
HMB
2,161
(2,946)
311
(5,377)
166
1,850
(596)
(716)
3,597
8,262
5,284
2,978
1,063
1,915
10,645
93
3,501
14,053
8,406
5,647
1,690
3,957
(102)
9,072
2,109
4,820
11,782
6,665
5,117
1,591
3,527
(1,634)
(294)
4,015
(651)
Taxation
Other
Profit /
Comprehensive
(loss) after
Income
tax
9,244
Faysal
Meezan
Profit /
(loss)
before tax
NIB
3,293
(629)
3,822
7,744
5,632
2,112
532
1,580
Soneri
4,850
735
2,380
6,496
4,965
1,530
494
1,037
(86)
(836)
1,756
3,443
4,828
(1,386)
428
(1,813)
(10)
Summit
851
JS
2,457
264
2,597
4,790
3,712
1,078
240
838
(1)
BOK
3,071
82
692
3,680
2,011
1,669
515
1,154
(324)
90,765
13,849
41,366
118,281
81,775
36,504
11,942
24,565
(4,622)
Banking Survey 2013

Small Banks
Assets
Loans and
advances net of
provisions
Operating
fixed assets
& intangible
assets
Other assets
Total assets
56,088
4,692
10,132
91,800
37,021
2,726
3,558
87,759
6,511
38,309
2,958
1,616
86,856
25,044
9,741
35,540
1,455
1,345
80,257
3,710
36,786
4,036
26,565
1,766
2,169
75,032
ICBC
4,626
47,547
3,490
3,894
243
2,244
62,045
Citibank
4,594
25,240
9,202
13,557
154
7,140
59,886
Burj
3,808
9,226
7,690
28,955
1,057
2,653
53,389
Barclays
5,928
27,709
16,562
475
1,728
52,403
Cash & bank
Investments
Lendings to
financial
institutions
5,588
14,853
447
22,293
22,162
Islami
5,851
31,610
DIB
7,132
Sindh
Bank
Rupees in million
Silk
Albaraka
HSBC
12,436
14,788
3,394
15,503
90
1,812
48,023
SAMBA
2,913
13,991
791
18,269
862
3,175
40,002
DB
6,402
5,429
9,757
4,265
314
1,637
27,804
FWB
1,849
7,458
1,039
9,264
288
864
20,761
BOT
5,078
2,328
1,754
62
72
9,294
58,426
305,546
17,142
40,145
795,311
92,208
281,843
Bank
Deposits
Subordinated
Other liabilities
loans
Bills payable
Borrowings
Equity
Total
2,747
11,382
69,433
1,562
6,675
91,800
Albaraka
726
2,202
75,647
1,159
2,178
5,848
87,759
Islami
836
2,538
75,226
2,014
6,242
86,856
1,209
2,938
67,639
1,508
6,962
80,257
Sindh
363
16,758
45,756
828
11,327
75,032
ICBC
172
40,029
14,987
3,162
3,695
62,045
1,285
910
40,936
8,198
8,557
59,886
Rupees in million
Silk
DIB
Citibank
Burj
507
3,052
42,698
1,770
5,361
53,389
1,026
4,825
38,235
1,094
7,223
52,403
HSBC
776
336
36,896
2,768
7,248
48,023
SAMBA
919
2,987
24,633
1,332
10,131
40,002
DB
325
4,005
15,849
2,339
5,287
27,804
FWB
152
50
18,338
587
1,635
20,761
BOT
47
547
4,051
128
4,523
9,294
11,090
92,559
570,325
29,468
90,714
795,311
Barclays
10
1,159
Banking Survey 2013

Income Statement
Bank
Net
Spread provisions /
(reversals)
income
Silk
2,160
633
1,325
AlBaraka
1,791
171
594
Operating Operating
income
expenses
Rupees in million
2,851
4,379
2,214
2,247
Profit /
(loss)
before tax
(1,528)
(34)
Taxation
(372)
8
Other
Profit / Comprehensive
(loss) after
Income
tax
(1,157)
258
(41)
(130)
Islami
2,500
123
454
2,830
2,522
308
123
185
DIB
3,114
457
743
3,400
3,189
212
75
137
(51)
Sindh
2,258
17
860
3,100
2,147
953
287
666
(427)
294
252
ICBC
2,962
Citibank
2,704
921
662
260
2,161
5,553
2,666
2,886
821
613
744
2,483
(1,739)
1,455
(25)
618
2,098
1,582
HSBC
1,400
493
625
1,533
2,610
SAMBA
1,384
(90)
160
1,634
1,553
82
490
Burj
Barclays
952
(2,040)
(687)
516
(1,078)
DB
925
716
1,635
1,144
FWB
649
172
135
612
834
(222)
BOT
57
126
183
162
21
7,090
29,308
28,180
1,127
24,311
2,092
(35)
1,211
(606)
1,675
426
(107)
(971)
173
(63)
(1,133)
90
(2)
589
(11)
(28)
575
84
(65)
318
550
(16)
(206)
(157)
13
(554)
836
289
738
Banking Survey 2013

11
Islamic Banks
Assets
Loans and
advances net of
provisions
Operating
fixed assets
& intangible
assets
Other assets
Total assets
5,595
5,313
329,725
2,726
3,558
87,759
Cash & bank
Investments
Lendings to
financial
institutions
Meezan
32,137
151,614
7,443
Albaraka
22,293
22,162
37,021
Islami
5,851
31,610
6,511
38,309
2,958
1,616
86,856
DIB
7,132
25,044
9,741
35,540
1,455
1,345
80,257
Burj
3,808
9,226
7,690
28,955
1,057
2,653
53,389
71,221
239,656
31,385
267,448
13,791
14,485
637,986
Bank
Rupees in million
127,623
Bank
Borrowings
3,615
11,375
289,811
6,011
18,913
329,725
Albaraka
726
2,202
75,647
1,159
2,178
5,848
87,759
Islami
836
2,538
75,226
2,014
6,242
86,856
1,209
2,938
67,639
1,508
6,962
80,257
Meezan
DIB
Burj
Deposits
Subordinated
Other liabilities
loans
Bills payable
Rupees in million
-
Equity
Total
507
3,052
42,698
1,770
5,361
53,389
6,893
22,105
551,021
1,159
13,481
43,326
637,986
Income Statement
Other
Profit / Comprehensive
(loss) after
Income
tax
Spread
Net
provisions
income
Meezan
10,645
93
3,501
14,053
8,406
Albaraka
1,791
171
594
2,214
2,247
(34)
Islami
2,500
123
454
2,830
2,522
308
123
185
589
DIB
3,114
457
743
3,400
3,189
212
75
137
(51)
952
821
613
744
2,483
(1,739)
19,002
1,665
5,905
23,241
18,847
4,394
Bank
Operating Operating
income
expenses
Profit /
(loss)
before tax
Taxation
5,647
1,690
Rupees in million
Burj
12
(606)
1,290
3,957
(41)
(1,133)
3,105
Banking Survey 2013

(102)
(130)
(11)
295
Profitability
The Profit before tax of banks included in this survey has decreased by
8.37% to Rs. 164.4 billion in 2013 from Rs. 179.4 billion in 2012. The
main reason for the decline is the decrease in net interest margins
experienced by the banks.
Large Banks
Despite reduced net interest margins, large banks except for NBP
managed to keep their profits at almost 2012 level. This was mainly due
to reduced requirement for provisions. However, NBP registered a
significant increase in provisions due to problems at one of its overseas
locations.
16,112
14,931
25,000
20,000
15,000
10,000
6,783
6,807
7,029
Rupees in millions
30,000
32,065
32,932
22,184
35,000
28,316
28,965
35,562
36,133
40,000
5,000
-00
BAF
ABL
MCB
UBL
NBP
HBL
2013
2012
Medium Size Banks

The medium sized banks experienced mixed results, with NIB, SCB and
BOP reporting significant increase in profits and Askari and Summit
reporting significant declines.
Banking Survey 2013
13
16,368
440
2,112
1,159
1,078
NIB
JS
5,230
5,647
5,041
5,117
5,000
1,835
2,161
1,773
10,000
1,722
1,530
1,572
1,669
15,000
1,515
2,978
9,322
8,938
7,553
-00
(1,386)
Summit
(2,499)
Soneri
BOK
2013
Meezan
HMB
Faysal
BOP
(10,000)
Askari (8,323)
(5,000)
SCB
BAH
Rupees in millions
20,000
2012
Small Banks
Small banks also experienced mixed trends in their profitability with
AlBaraka and Barclays registering significant increase and Silk, HSBC,
and Burj registering significant declines. .
2,403
2,886
4,000
71
21
260
95
551
490
-00
BOT
(180)
ICBC
Banking Survey 2013
FWB (222)
(1,739)
2012
DB
SAMBA
Burj
(1,041)
(488)
(1,078)
(956)
(34)
2013
Barclays
HSBC
DIB
Albaraka
Islami
(1,528)
(529)
Citibank
Silk
(2,000)
Sindh
(1,000)
14
164
82
33
501
212
463
308
1,000
516
2,000
1,286
953
Rupees in millions
3,000
Islamic Banks
5,230
6,000
5,647
7,000
4,000
3,000
33
501
1,000
212
463
308
2,000
-00
Burj
(1,739)
2013
DIB
(3,000)
(956)
Albaraka
(34)
(2,000)
Islami
(1,000)
Meezan
Rupees in millions
5,000
2012
Banking Survey 2013

15
16
Banking Survey 2013
with aKPMG
International
Cooperative
(KPMG
International),
a Swiss
rights reserved.
2014 KPMG firms
Taseeraffiliated
Hadi & Co.,
Partnership
firm registered
in Pakistan
and
a member firm
of theentity.
KPMGAll
network
Spread
Spread as per SBP

The overall average spread of the industry for last five years as
disclosed in SBP Statistical Bulletins was as follows:
2013
2012
2011
2010
In percentage
2009
Weighted average
lending rate
11.3
12.8
13.6
13.4
14.0
Weighted average
deposit rate
5.1
5.8
6.0
5.9
6.5
Banking spread
6.2
7.0
7.6
7.5
7.5
(Source: Monthly SBP Statistical Bulletins)

Spread as per survey
The average spread of banks included in this survey was 4.7% (2012:
5.6%).
Large Banks
Average spread of large banks in 2013 was 5.5% as compared to 7%
in 2012.
In percentages
6.2
5.2
5.4
5.3
6.3
7.2
8.0
6.7
loans and advances as a
4.7
up/return/ interest earned on
7.0
6.0
6.3
Difference between mark-
percentage of average loans and

advances at two year ends and
mark-up/return/ interest expense
of deposits as a percentage of
BAF
ABL
2013
MCB
UBL
NBP
ends
HBL
average deposits at two year
2012
Banking Survey 2013

17
Medium Size Banks

Average spread of medium sized banks in 2013 was 4.3% as compared
to 5.2% in 2012.
Difference between markup/return/ interest earned on
In percentages

4.3
3.4
4.4
3.5
3.7
3.7
BOK
Soneri
Summit
JS
NIB
Meezan
HMB
Faysal
BOP
Askari
SCB
BAH
2013
5.0
ends
4.6
4.6
5.2
1.6
2.2
3.6
5.5
4.1
4.5
3.5
4.9
4.1
6.7
6.1
7.4
9.1
8.2
2012
Small Banks
Average spread of small banks in 2013 was 4.1% as compared to 5.5%
in 2012.
In percentages
8.8
5.8
5.3
3.4
2.1
3.1
2.0
2.6
2.7
3.5
3.6
2.5
3.5
5.1
5.0
5.4
6.6
6.9
6.3
6.6
4.4
4.6

7.0
6.4
6.8
8.1
7.7
Banking Survey 2013

BOT
2012
ICBC
(1.0)
FWB
DB
SAMBA
18
Burj
2013
Barclays
HSBC
DIB
Albaraka
Islami
Citibank
Silk
Sindh
ends
Islamic Banks
Average spread of Islamic banks in 2013 was 6.4% as compared to

7.6% in 2012.
In percentages
2.5
3.5
5.2
3.6
6.6
5.4
11.1
8.9
12.7
10.4
Burj
2013
DIB
Albaraka
ends
Islami
Meezan
2012
Banking Survey 2013

19
20
Banking Survey 2013
with aKPMG
International
Cooperative
(KPMG
International),
a Swiss
rights reserved.
2014 KPMG firms
Taseeraffiliated
Hadi & Co.,
Partnership
firm registered
in Pakistan
and
a member firm
of theentity.
KPMGAll
network
Non-Funded Income
Non Funded Income as a percentage of net interest income, of banks
included in this survey has increased from 30.5% in 2012 to 33.6% in
2013. The increase has been largely in large banks where the ratio has
increased by 4.3%.
Non-funded income to net interest income
Non-funded income comprises of
Large Banks
fee, commission & brokerage,

rent, income from dealing in
In percentages
foreign currencies, profit on sale

non-fund receipts
20.8
24.1
18.5
22.6
provisions) less mark-
30.2
36.7
38.9
37.4
21.5
up/return/interest earned (before
26.3
Net interest income means mark-
39.4
49.8
of fixed & other assets and other
up/return/interest expensed
BAF
ABL
MCB
UBL
NBP
HBL
2013
2012
Medium Size Banks

In percentages

714.7

non-fund receipts
Net interest income means markup/return/interest earned (before
provisions) less markup/return/interest expensed
184.4
Soneri
Summit
27.4
36.2
BOK
JS
17.1
16.0
44.7
62.1
Meezan
NIB
13.5
18.4
HMB
59.9
69.1
35.6
37.9
Faysal
Askari
40.1
34.7
27.5
28.3
SCB
BOP
30.8
27.3
BAH
70.6
51.6
16.6
22.0
2013
2012
Banking Survey 2013
21
Small Banks
In percentages
230.9
221.9
158.4

11.3
12.9
52.5
75.6
8.7
11.6
14.4
26.0
22.6
42.5
41.2
44.6
20.9
22.9
26.7
29.5
12.7
17.9
22.0
7.1
9.3
Net interest income means mark-
46.1
50.6
non-fund receipts.
76.5
up/return/interest earned (before
(68.9)
2012
Islamic Banks
In percentages

12.7
13.5
up/return/interest expensed.
14.4
17.9
18.4
(before provisions) less mark-
2012
Banking Survey 2013

Burj
DIB
Albaraka
Islami
Meezan
2013
22
20.9
22.9
Net interest income means

mark-up/return/interest earned
26.0
non-fund receipts.
26.7
29.5
BOT
ICBC
FWB
DB
SAMBA
2013
Burj
Barclays
HSBC
DIB
Albaraka
Islami
Citibank
Silk
up/return/interest expensed.
Sindh
provisions) less mark-
Staff Costs
Staff cost is one of the most integral costs for the bank, averaging
approximately 50.24% (2012: 49.22%) of total operating expenses.
Large Banks
Staff cost includes salaries,

allowances, etc., staff retirement
benefits.
HBL
NBP
UBL
MCB
ABL
BAF
Staff cost
2013
2012
Rupees in millions
19,131
17,084
26,623
25,250
11,997
11,085
8,834
7,234
8,345
8,402
8,480
7,279
83,410
76,334
Number of staff
2013
2012
Numb ers
13,978
13,842
17,153
17,405
13,608
13,356
12,109
12,934
10,213
13,059
10,598
9,897
77,523
80,629
Cost per staff

2013
2012
Rupees in thousand
1,382
1,222
1,552
1,451
882
830
559
730
817
643
800
735
Number of staff
2013
2012
Numb ers
Cost per staff

2013
2012
Rupees in thousand
Medium Size Banks

Staff cost
2013
2012
Rupees in millions

benefits.
BAH
SCB
Askari
BOP
Faysal
HMB
Meezan
NIB
JS
BOK
Soneri
Summit
4,820
5,344
4,493
2,784
5,117
3,289
4,081
2,850
1,447
1,185
1,852
1,676
38,938
4,130
5,105
4,510
2,337
5,024
2,849
3,390
2,578
1,205
967
1,765
1,570
35,430
7,209
4,589
5,631
6,093
6,866
3,581
6,248
3,110
1,571
1,501
3,708
2,556
52,663
6,577
5,041
5,693
5,492
6,462
3,303
5,953
2,834
1,945
1,430
3,275
2,514
50,519
669
1,164
798
457
745
919
653
916
921
789
499
656
628
1,013
792
426
777
863
569
910
619
676
539
624
Small Banks
Staff cost

benefits.
Sindh
Silk
Citibank
Islami
Albaraka
DIB
HSBC
Barclays
Burj
SAMBA
DB
FWB
ICBC
BOT
2013
2012
Rupees in millions
1,062
617
2,160
2,229
813
1,096
1,084
962
961
900
1,295
1,114
1,442
1,603
683
913
971
645
698
678
437
429
461
417
398
271
65
64
12,529
11,938
Number of staff
2013
Numb ers
1,588
2,886
230
1,808
1,129
1,969
442
247
1,155
614
109
661
55
53
12,946
Cost per staff
2012
1,241
2,750
677
1,648
1,293
1,739
493
249
1,529
732
112
641
40
43
13,187
2013
2012
Rupees in thousand
669
498
749
810
3,537
1,619
600
584
851
696
658
641
3,262
3,252
2,765
3,668
840
422
1,137
926
4,010
3,832
698
650
7,237
6,782
1,218
1,482
Banking Survey 2013

23
Islamic Banks

benefits.
24
Meezan
Islami
Albaraka
DIB
Burj
Staff cost
2013
2012
Rupees in millions
4,081
3,390
1,084
962
961
900
1,295
1,114
971
645
8,392
7,011
Number of staff
2013
2012
Numb ers
6,248
5,953
1,808
1,648
1,129
1,293
1,969
1,739
1,155
1,529
12,309
12,162
Cost per staff

2013
2012
Rupees in thousand
653
598
600
581
851
615
658
656
840
473
Banking Survey 2013

Remuneration of Executives
Large Banks
Remuneration of executives
HBL
NBP
UBL
MCB
ABL
BAF
CEO Remuneration
2013
2012
2013
2012
Rupees in thousands
36,845
37,868
6,211,147
5,260,598
46,109
49,833
5,057,765
4,386,428
138,368
97,924
7,202,856
5,825,733
54,303
83,158
2,811,350
2,528,935
53,622
64,570
3,587,100
2,889,470
87,191
82,133
3,640,889
3,007,831
416,438
415,486
28,511,107
23,898,995
Number of Executives
2013
2012
Numb ers
3,081
2,688
1,887
1,509
1,722
1,584
918
821
1,346
1,241
1,276
1,071
10,230
8,914
Medium Size Banks
BAH
SCB
Askari
BOP
Faysal
HMB
Meezan
NIB
JS
BOK
Soneri
Summit
CEO Remuneration
2013
2012
2013
2012
Rupees in thousands
37,678
25,386
2,057,796
1,758,093
125,295
143,531
2,699,712
2,519,495
48,445
34,138
1,880,303
1,558,224
37,724
33,654
666,303
528,168
90,841
71,576
1,996,258
1,986,325
58,849
68,428
2,588,001
2,148,211
50,740
48,027
1,042,403
765,587
184,682
74,524
1,572,183
1,158,967
45,905
32,794
821,562
659,205
4,810
10,106
154,231
140,584
68,537
52,873
990,109
573,165
28,077
27,604
770,320
638,433
781,583
622,641
17,239,181
14,434,457
2013
2012
Numb ers
973
781
985
907
609
530
401
320
697
741
929
835
485
365
706
611
343
286
48
50
479
302
339
284
6,994
6,012
Small Banks
Sindh
Silk
Citibank
Islami
Albaraka
DIB
HSBC
Barclays
Burj
SAMBA
DB
FWB
ICBC
BOT
CEO Remuneration
2013
2012
2013
2012
Rupees in thousands
66,927
44,487
420,060
246,695
62,570
71,524
1,074,239
1,206,661
70,302
64,419
552,908
922,194
43,024
18,009
313,341
228,322
39,396
34,277
436,622
394,748
32,869
28,634
574,035
467,458
36,251
59,502
368,510
423,264
46,566
45,307
303,189
451,646
84,052
48,550
531,140
366,617
50,583
33,274
406,496
347,845
30,206
30,206
202,772
191,325
11,778
16,745
159,336
132,533
39,384
27,926
311,114
191,852
9,370
10,008
16,759
18,198
623,278
532,868
5,670,521
5,589,358
2013
2012
Numb ers
164
92
370
382
162
257
171
114
215
208
204
186
108
113
131
189
292
240
147
140
63
63
80
63
23
18
5
5
2,135
2,070
Islamic Banks
Meezan
Islami
Albaraka
DIB
Burj
CEO Remuneration
2013
2012
2013
2012
Rupees in thousands
50,740
48,027
1,042,403
765,587
43,024
18,009
313,341
228,322
39,396
34,277
436,622
394,748
32,869
28,634
574,035
467,458
84,052
48,550
531,140
366,617
250,081
177,497
2,897,541
2,222,732
2013
2012
Numb ers
485
365
171
114
215
208
204
186
292
240
1,367
1,113
Banking Survey 2013

25
26
Banking Survey 2013
with aKPMG
International
Cooperative
(KPMG
International),
a Swiss
rights reserved.
2014 KPMG firms
Taseeraffiliated
Hadi & Co.,
Partnership
firm registered
in Pakistan
and
a member firm
of theentity.
KPMGAll
network
Loans and Advances

Total loans and advances of banks under review have shown an
increase of 8.22% in 2013 (2012:13.2%) to Rs. 4,059 billion at 31
December 2013 (2012: 3,751 billion). The growth of various categories
of banks was as follows:
2013
3.8%
14.4%
18.8%
37.4%
Large Banks
Medium Size Banks
Small Banks
Islamic Banks
2012
14.6%
11.1%
8.7%
21.2%
Growth in Loans and Advances
Large Banks
Annual increase
2012-13 2011-12
In percentages
12.8
9.3
(5.8)
24.7
7.6
13.1
3.6
5.4
(1.5)
10.9
11.5
17.9
3.8
14.6
HBL
NBP
UBL
MCB
ABL
BAF
Advances
2013
2012
2011
Rupees in millions
563,701
499,818
457,368
620,217
658,654
528,122
415,283
385,834
341,140
248,522
239,789
227,574
267,036
271,116
244,440
260,780
233,933
198,469
2,375,539
2,289,144
1,997,113
Annualised Increase (2011 13)

In percentages
HBL
11.0
NBP
8.4
UBL
10.3
MCB
4.5
ABL
4.5
BAF
14.6
Banking Survey 2013

27
Medium Size Banks
BAH
SCB
Askari
BOP
Faysal
HMB
Meezan
NIB
JS
BOK
Soneri
Summit
Annual increase
2012-13
2011-12
In percentages
13.3
28.7
0.9
5.5
13.8
(4.6)
5.1
17.7
6.9
16.3
17.6
(2.6)
43.9
26.0
14.6
17.6
69.6
10.4
32.7
19.9
26.5
17.6
3.2
(6.2)
14.4
11.1
Advances
2012
2011
Rupees in millions
167,569
147,860
114,863
146,239
144,918
137,309
150,713
163,561
143,728
157,240
149,566
127,108
184,190
172,299
148,162
129,834
110,444
113,347
127,623
88,678
70,377
82,026
71,586
60,862
33,769
19,909
18,030
35,450
26,722
22,288
97,179
76,825
65,340
54,208
52,549
56,000
1,084,399
1,378,888
1,205,084
2013

In percentages
BAH
SCB
Askari
20.8
3.2
4.2
BOP
11.2
Faysal
11.5
HMB
7.0
Meezan
NIB
34.7
16.1
JS
36.9
BOK
Soneri
26.1
22.0
(1.6)Summit
28
Banking Survey 2013

Small Banks
Sindh
Silk
Citibank
Islami
Albaraka
DIB
HSBC
Barclays
Burj
SAMBA
DB
FWB
ICBC
BOT
Annual increase
2012-13 2011-12
In percentages
37.8
165.6
14.3
(1.8)
(25.7)
(3.0)
39.6
11.2
28.6
(1.3)
35.1
10.2
(11.8)
(15.4)
(6.7)
(15.5)
23.9
88.0
18.3
(2.4)
7.2
33.2
11.1
8.2
6,781.1
Nil
8.4
(26.9)
18.8
8.7
Advances
2012
2011
Rupees in millions
26,565
19,282
7,259
56,088
49,060
49,936
13,557
18,256
18,820
38,309
27,433
24,665
37,021
28,782
29,155
35,540
26,315
23,889
15,503
17,586
20,794
16,562
17,744
20,998
28,955
23,371
12,431
18,269
15,445
15,831
4,265
3,980
2,987
9,264
8,335
7,701
3,894
57
Nil
1,754
1,619
2,215
305,546
257,265
236,681
2013

In percentages
Sindh
Silk
91.3
6.0
Citibank
(15.1)
Islami
24.6
Albaraka
12.7
DIB
22.0
HSBC
(13.7)
(11.2) Barclays
Burj
SAMBA
52.6
7.4
DB
FWB
(11.0)
19.5
9.7
BOT
Banking Survey 2013

29
Islamic Banks
Meezan
Islami
Albaraka
DIB
Burj
Annual increase
2012-13 2011-12
In percentages
43.9
26.0
39.6
11.2
28.6
(1.3)
35.1
10.2
23.9
88.0
37.4
21.2
Advances
2012
2011
Rupees in millions
127,623
88,678
70,377
38,309
27,433
24,665
37,021
28,782
29,155
35,540
26,315
23,889
28,955
23,371
12,431
267,448
194,579
160,517
2013

In percentages
Meezan
34.7
Islami
Albaraka
DIB
24.6
12.7
22.0
Burj
30
Banking Survey 2013

52.6
Market Share of Loans and Advances
NBP
HBL
UBL
ABL
BAF
MCB
Faysal
BAH
Askari
BOP
SCB
HMB
Less than 3%
2013
2012
In percentages
15.4
17.7
14.0
13.4
10.3
10.3
6.6
7.3
6.5
6.3
6.2
6.4
4.6
4.6
4.2
4.0
4.1
3.9
3.9
4.0
3.6
3.9
3.2
3.0
17.5
15.3
100
100
2013
2012
Rupees in millions
620,217
658,654
563,701
499,818
415,283
385,834
267,036
271,116
260,780
233,933
248,522
239,789
184,190
172,299
167,569
147,860
163,561
143,728
157,240
149,566
146,239
144,918
129,834
110,444
706,848
570,163
4,031,020
Less than 3%
18%
BOP
4%
3,728,122
NBP
15%
HMB
3%
HBL
14%
Askari
4%
SCB
4%
BAH
4%
Faysal
5%
UBL
10%
BAF
6%
MCB
6%
ABL
7%
Banking Survey 2013

31
Banks with less than 3% market share

2013
2012
In percentages
3.17
2.38
2.41
2.06
2.03
1.92
1.39
1.32
1.34
1.41
0.95
0.74
0.92
0.77
0.88
0.71
0.88
0.72
0.84
0.53
0.66
0.52
0.45
0.41
0.41
0.48
0.38
0.47
0.34
0.49
0.23
0.22
0.11
0.11
0.10
0.09
0.04
0.04
17.5
15.4
Meezan
Soneri
NIB
Silk
Summit
Islami
Albaraka
DIB
BOK
JS
Sindh
SAMBA
Barclays
HSBC
Citibank
FWB
DB
ICBC
BOT
Barclays
0.4%
SAMBA
0.5%
FWB
0.2%
2013
2012
Rupees in millions
127,623
88,678
97,179
76,825
82,026
71,586
56,088
49,060
54,208
52,549
38,309
27,433
37,021
28,782
35,540
26,315
35,450
26,722
33,769
19,909
26,565
19,282
18,269
15,445
16,562
17,744
15,503
17,586
13,557
18,256
9,264
8,335
4,265
3,980
3,894
57
1,754
1,619
706,846
570,163
DB
0.1% BOT
0.0%
HSBC
0.4%
ICBC
0.1%
Citibank
0.3%
Meezan
3.2%
Sindh
0.7%
JS
DIB
0.8%
0.9%
Soneri
2.4%
NIB
2.0%
BOK
0.9%
Islami
1.0%
32
Albaraka
0.9%
Silk
1.4%
Summit
1.3%
Banking Survey 2013

Liquidity (Average Advances to Average Deposits)
The total average advances to total average deposits ratio of the banks
included in this survey has decreased to 49.7% in 2013 from 52.1% in
2012 due to growth rate of deposits being higher than growth rate of
advances.
Large Banks
Advances*
2012
2013
HBL
NBP
UBL
MCB
ABL
BAF
540,147
608,731
398,033
234,865
252,107
248,260
2,282,143
2011
2013
Rupees in millions
433,206
1,401,230
516,760
1,101,845
323,783
889,526
214,474
632,309
225,870
608,407
188,378
525,526
1,902,471
5,158,843
476,897
646,036
368,984
226,235
252,224
221,932
2,192,308
Deposits
2012
2011
1,214,964
1,037,049
752,786
544,988
514,702
457,044
4,521,533
933,632
927,411
634,797
491,147
399,561
401,233
3,787,781
* 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.
In percentages
47.8
47.9
52.3
44.9
39.2
42.5
49.9
46.7
59.2
58.7
38.9
42.4
Average advances to average

deposits ratio
BAF
ABL
MCB
UBL
NBP
HBL
2013
2012
Banking Survey 2013

33
Medium Size Banks

Advances*
2013
2012
Rupees in millions
BAH
149,001
130,288
SCB
129,769
128,039
Askari
154,608
135,952
BOP
149,201
142,505
Faysal
165,023
153,475
HMB
109,221
89,734
Meezan
118,234
82,713
NIB
69,205
61,570
JS
31,793
18,886
BOK
33,956
25,595
Soneri
89,232
68,041
Summit
49,996
49,266
1,249,239
1,086,064
2013
Deposits
2012
2011
386,099
296,377
335,173
306,561
271,134
247,508
289,811
104,888
80,055
77,218
140,580
106,256
2,641,660
340,387
266,599
306,930
266,056
240,708
217,671
230,426
91,094
61,935
60,043
120,591
96,815
2,299,255
302,097
235,875
291,499
237,897
214,615
185,281
170,030
85,472
40,174
45,548
99,419
89,665
1,997,572
2011
99,363
119,863
141,474
120,991
131,899
90,164
64,347
51,124
16,782
21,296
56,879
51,586
965,768
* Excluding
export refinance, finance against locally manufactured machinery and long-term

In percentages
Summit
Soneri
BOK
JS
Banking Survey 2013
54.1
48.9
44.4
43.4
34.9
35.7
NIB
2012
56.8
60.2
63.8
66.7
34
Meezan
HMB
2013
36.7
38.6
44.6
42.8
Faysal
BOP
Askari
52.3
50.9
46.4
45.3
SCB
BAH
49.3
45.8
35.7
38.4
deposits ratio
62.7
62.2
Small Banks
2013
Sindh
Silk
Citibank
Islami
Albaraka
DIB
HSBC
Barclays
Burj
SAMBA
DB
FWB
ICBC
BOT
19,185
52,679
13,557
19,185
34,819
33,602
15,167
12,137
27,408
15,797
3,835
9,214
3,894
1,754
262,233
Advances*
2012
2011
2013
Rupees in millions
18,162
7,059
45,756
45,786
46,086
69,433
18,230
17,705
40,936
26,812
23,865
75,226
26,791
27,419
75,647
24,715
22,341
67,639
16,892
20,298
36,896
13,330
20,998
38,235
22,381
12,209
42,698
12,990
13,417
24,633
3,680
2,814
15,849
8,261
7,650
18,338
Nil
57
14,987
1,619
2,140
4,051
239,706
224,001
570,324
Deposits
2012
2011
31,470
69,050
64,294
64,216
63,279
53,110
38,957
29,958
35,922
22,754
18,354
19,193
4,168
2,402
517,127
23,518
64,072
61,679
50,569
61,559
38,492
46,171
44,665
20,341
17,669
11,119
13,815
1,524
1,992
457,185
In percentages
85.6
52.3
20.6
22.0
22.0
Barclays
48.2
46.6
65.3
60.7
46.0
37.3
HSBC
Albaraka
43.7
42.3
43.4
44.3
Islami
51.4
48.3
44.1
33.0
28.5
30.2
deposits ratio
61.5
63.3
69.0
71.1
45.9
48.4
1.0
BOT
ICBC
FWB
DB
SAMBA
Burj
DIB
Citibank
Silk
Sindh
2013
2012
Banking Survey 2013

35
Islamic Banks
2013
Meezan
Islami
Albaraka
DIB
Burj
Advances*
Deposits
2012
2011
2013
Rupees in millions
118,234
19,185
34,819
33,602
27,408
233,248
82,713
26,812
26,791
24,715
22,381
183,412
64,347
23,865
27,419
22,341
12,209
150,181
289,811
75,226
75,647
67,639
42,698
551,021
2012
2011
230,426
64,216
63,279
53,110
35,922
446,953
170,030
50,569
61,559
38,492
20,341
340,991
61.5
51.4
48.3
43.4
44.3
44.1
33.0
36.7
38.6
63.3
In percentages
deposits ratio
2012
Banking Survey 2013

Burj
DIB
Albaraka
Islami
Meezan
36
2013
Deposits
Deposits of banks included in this survey increased by 14.1% to Rs.
8,371 billion at 31 December 2013 compared to Rs. 7,338 billion at 31
December 2012.
Growth in Deposits
Large Banks
Annual Increase
2012-13
2011-12
In percentages
15.3
30.1
6.2
11.8
18.2
18.6
16.0
11.0
18.2
28.8
15.0
13.9
HBL
NBP
UBL
MCB
ABL
BAF
14.1
Deposits
2012
Rupees in millions
1,401,230
1,214,964
1,101,845
1,037,049
889,526
752,786
632,309
544,988
608,407
514,702
525,526
457,044
2013
19.4
5,158,843
4,521,533
2011
933,632
927,411
634,797
491,147
399,561
401,233
3,787,781

)
In percentages
HBL
NBP
22.5
9.0
UBL
MCB
18.4
13.5
ABL
BAF
23.4
14.4
Banking Survey 2013

37
Medium Size Banks
BAH
SCB
Askari
BOP
Faysal
HMB
Meezan
NIB
JS
BOK
Soneri
Summit
Annual Increase
2012-13
2011-12
In percentages
13.4
12.7
11.2
13.0
9.2
5.3
15.2
11.8
12.6
12.2
13.7
17.5
25.8
35.5
15.1
6.6
29.3
54.2
28.6
31.8
16.6
21.3
9.8
8.0
14.9
15.1
Deposits
2012
2011
Rupees in millions
386,099
340,387
302,097
296,377
266,599
235,875
335,173
306,930
291,499
306,561
266,056
237,897
271,134
240,708
214,615
247,508
217,671
185,281
289,811
230,426
170,030
104,888
91,094
85,472
80,055
61,935
40,174
77,218
60,043
45,548
140,580
120,591
99,419
106,256
96,815
89,665
2,641,660
2,299,255
1,997,572
2013
In percentages
BAH
13.1
SCB
Askari
12.1
7.2
BOP
13.5
Faysal
12.4
HMB
15.6
Meezan
30.6
NIB
10.8
JS
41.2
BOK
30.2
Soneri
Summit
38
18.9
8.9
Banking Survey 2013

Small Banks
Sindh
Silk
Citibank
Islami
Albaraka
DIB
HSBC
Barclays
Burj
SAMBA
DB
FWB
ICBC
BOT
Annual Increase
2012-13 2011-12
45.4
33.8
0.6
7.8
(36.3)
4.2
17.1
27.0
19.5
2.8
27.4
38.0
(5.3)
(15.6)
27.6
(32.9)
18.9
76.6
8.3
28.8
(13.6)
65.1
(4.5)
38.9
259.6
173.5
68.6
20.6
10.3
13.1
2013
45,756
69,433
40,936
75,226
75,647
67,639
36,896
38,235
42,698
24,633
15,849
18,338
14,987
4,051
570,324
Deposits
2012
31,470
69,050
64,294
64,216
63,279
53,110
38,957
29,958
35,922
22,754
18,354
19,193
4,168
2,402
517,127
2011
23,518
64,072
61,679
50,569
61,559
38,492
46,171
44,665
20,341
17,669
11,119
13,815
1,524
1,992
457,185

In percentages
Sindh
Silk
39.5
4.1
(18.5) Citibank
Islami
Albaraka
22.0
10.9
DIB
(10.6)
32.6
HSBC
(7.5) Barclays
Burj
44.9
SAMBA
DB
FWB
18.1
19.4
15.2
ICBC
BOT
213.6
42.6
Banking Survey 2013

39
Islamic Banks
Annual Increase
Deposits
2012-13
2011-12
2013
2012
In percentages
Rupees in millions
Meezan
25.8
35.5
289,811
230,426
Islami
17.1
27.0
75,226
64,216
Albaraka
19.5
2.8
75,647
63,279
DIB
27.4
38.0
67,639
53,110
Burj
18.9
76.6
42,698
35,922
23.3
31.1
551,021
446,953
2011
170,030
50,569
61,559
38,492
20,341
340,991

In percentages
Meezan
30.6
Islami
Albaraka
DIB
22.0
10.9
32.6
Burj
40
Banking Survey 2013

44.9
Market Share of Customer Deposits
2013
2012
In percentages
17.17
17.03
11.90
12.45
10.85
10.52
7.72
7.64
7.50
7.27
6.09
6.03
4.63
4.78
4.08
4.23
3.71
3.74
3.68
3.79
3.49
3.28
3.27
3.29
3.03
2.91
12.88
13.04
100
100
HBL
NBP
UBL
MCB
ABL
BAF
BAH
Askari
BOP
SCB
Meezan
Faysal
HMB
Less than 3 %
2013
2012
Rupees in millions
1,379,795
1,194,841
956,406
873,529
871,889
738,100
620,384
536,202
602,841
509,851
488,971
423,356
372,029
334,987
327,667
296,726
298,293
262,142
295,373
265,783
280,373
230,167
262,395
230,730
243,300
204,032
1,034,700
914,587
8,034,416
7,015,031
*Deposits from financial institutions have been excluded to analyse deposits from customers.
HMB
3%
Less than 3 %
13%
Meezan
3%
HBL
17%
Faysal
3%
BOP
4%
NBP
12%
Askari
4%
SCB
4%
UBL
11%
BAH
5%
BAF
6%
ABL
7%
MCB
8%
Banking Survey 2013

41
Banks with less than 3% market share
Soneri
Summit
NIB
BOK
Islami
JS
Silk
DIB
Albaraka
Sindh
Citibank
Barclays
Burj
HSBC
SAMBA
FWB
2013
2012
In percentages
1.74
1.72
1.27
1.26
1.23
1.24
0.96
0.85
0.93
0.89
0.90
0.79
0.84
0.97
0.83
0.76
0.80
0.83
0.54
0.45
0.50
0.89
0.48
0.43
0.45
0.48
0.45
0.54
0.30
0.31
0.23
0.27
DB
ICBC
BOT
0.20
0.19
0.05
0.26
0.04
0.03
12.88
13.02
2013
2012
Rupees in millions
140,054
120,341
102,329
88,623
98,769
86,969
77,200
59,974
74,332
62,717
72,444
55,291
67,497
67,869
66,527
53,009
64,256
58,065
43,664
31,328
39,795
62,408
38,165
29,936
36,416
33,900
35,762
38,072
24,389
21,994
18,238
19,192
15,841
14,977
4,045
18,346
4,168
2,385
1,034,700
914,587
* Deposits from financial institutions have been excluded to analyse deposits from customers.
Burj
0.5%
SAMBA
Sindh Barclays 0.3%
0.5%
0.5%
FWB DB
0.2% 0.2%
ICBC
0.2% BOT
0.1%
Soneri
1.7%
HSBC
0.4%
NIB
1.2%
DIB
0.8%
Summit
1.3%
JS
0.9%
Albaraka
0.8%
BOK
1.0%
42
Islami
0.9%
Silk
0.8%
Citibank
0.5%
Banking Survey 2013

Credit Ratings
Large Banks
Banks
Rating
Agency
Credit Rating
Assigned
Short
Term
Long
Term
Habib Bank Limited
JCR-VIS
A-1+
AAA
National Bank of Pakistan
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
A-1+
AA
Medium Size Banks
Banks
Rating
Agency
Credit Rating
Assigned
Short
Term
Long
Term
Bank Al-Habib Limited
PACRA
A1+
AA+
Standard Chartered Bank

(Pakistan) Limited
PACRA
A1+
AAA
Askari Bank Limited
PACRA
A-1+
AA
The Bank of Punjab
PACRA
A1+
AA-
Faysal Bank Limited
PACRA
A1+
AA
JCR-VIS
A-1+
AA
Habib Metropolitan Bank

Limited
PACRA
A1+
AA+
The Bank of Punjab
PACRA
A1+
AA-
Meezan Bank Limited
JCR-VIS
A-1+
AA
NIB Bank Limited
PACRA
A1+
AA-
Soneri Bank Limited
PACRA
A1+
AA-
Summit Bank Limited
JCR-VIS
A-3
A-
JS Bank Limited
PACRA
A1
A+
The Bank of Khyber
JCR-VIS
A-1
Banking Survey 2013

43
Small Banks
Banks
Credit Rating
Assigned
Short
Term
Long
Term
Sindh Bank Limited
JCR-VIS
A-1+
AA-
Silkbank Limited
JCR-VIS
A-2
A-
CitiBank N.A. (Pakistan

Branches)
Moodys
P-1
A2
BankIslami Pakistan Limited
PACRA
A-1
Al-Baraka Bank (Pakistan)

Limited
PACRA
A1
JCR-VIS
A-1
JCR-VIS
A-1
HSBC Bank Middle East

Limited
Moody's
P-1
A2
Fitch
F1+
AA-
Barclays Bank PLC (Pakistan

Branches)
Standard
& Poors
A-1
Moodys
P-1
A2
Fitch
F1
Burj Bank Limited
JCR-VIS
A-1
Samba Bank Limited
JCR-VIS
A-1
AA-
Standards
& Poor's
A-1
Moodys
P-1
A2
Fitch
F1+
A+
First Women Bank Limited
PACRA
A2
A-
Industrial and Commercial

Bank of China Limited
(Pakistan Branches)
Moodys
P-1
A1
Bank of Tokyo-Mitsubishi UFJ

Limited
Standard
& Poors
A-1
A+
Moodys
P-1
Aa3
Fitch
F1
Dubai Islamic Bank (Pakistan)

Limited
Deutsche Bank AG (Pakistan

Branches)
44
Rating
Agency
Banking Survey 2013

Number of Branches and Legend

Large Banks
Banks
Legend
Habib Bank Limited

National Bank of Pakistan
United Bank Limited
MCB Bank Limited
Allied Bank Limited
Bank Alfalah Limited
HBL
NBP
UBL
MCB
ABL
BAF
Number of
Branches *
2013
2012
1546
1497
1342
1283
1283
1278
1208
1179
948
873
423
353
6750
6463
Medium Size Banks

Banks
Legend
Bank Al-Habib Limited

Standard Chartered Bank (Pakistan)
Limited
Askari Bank Limited
Bank of Punjab
Faysal Bank Limited
Habib Metropolitan Bank Limited
Meezan Bank Limited
NIB Bank Limited
Soneri Bank Limited
Summit Bank
JS Bank Limited
The Bank of Khyber
BAH
SCB
Askari
BOP
Faysal
HMB
Meezan
NIB
Soneri
Summit
JS
BOK
Number of
Branches *
2013
2012
320
308
116
281
334
269
174
351
179
239
187
211
100
2761
130
261
306
265
143
310
179
233
186
185
77
2583
Small Banks
Banks
Legend
Sindh Bank
Silkbank Limited
Citibank N.A (Pakistan Branches)
BankIslami Pakistan Limited
Al-Baraka Bank (Pakistan) Limited
Dubai Islamic Bank (Pakistan) Limited
HSBC Bank Middle East Limited
Barclays Bank PLC (Pakistan Branches)
Burj Bank Limited
Samba Bank Limited
Deutsche Bank AG (Pakistan Branches)
First Women Bank Limited
Industrial and Commercial Bank of China
Limited
Bank of Tokyo-Mitsubishi UFJ Limited
(Karachi Branches)
Sindh
Silk
Citi
Islami
Albaraka
DIB
HSBC
Barclays
Burj
SAMBA
DB
FWB
ICBC
BOT
Number of
Branches *
2013
2012
200
88
3
201
110
125
10
7
75
28
3
41
160
85
7
141
94
100
10
7
75
28
3
41
1
894
1
754
* As at 31 December
Banking Survey 2013

45
46
Banking Survey 2013
2014 KPMG firms
Taseeraffiliated
Hadi & Co.,
Partnership
firm registered
in Pakistan
and
a member firm
of theentity.
KPMGAll
network
with aKPMG
International
Cooperative
(KPMG
International),
a Swiss
rights reserved.
Definitions
Average Advances
Gross advances less provision. The

average of opening and closing advances
at two year ends is taken.
Average Assets
The average of opening and closing total

assets at two year ends is taken.
Average Deposits
The average of opening and closing

deposits at two year ends is taken.
Average Earning
Assets
Deposits with treasury & other banks,

lending to financial institutions,
investments and advances. The average
of opening and closing earning assets at
two year ends is taken.
Average Equity
Head office capital account/ paid-up

capital, reserves, unappropriated
profit/accumulated loss, minority interest
and surplus/ (deficit) on revaluation of
assets. The average of opening and
closing equity at two year ends is taken.
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 2013) - 1
Figure (year 2011)
Average Paying Funds
Borrowings from financial institutions,

remunerative deposits, sub-ordinated
loans and liabilities against assets subject
to finance lease. The average of opening
and closing paying funds at two year ends
is taken.
Cost of Funds
Mark-up/ Return/ Interest expense.
CASA
Current and saving deposits to total

deposits.
Equity
Equity includes shares capital / head

office capital account, reserves,
unappropriated profit/accumulated loss,
minority interest and surplus / deficit on
revaluation of assets.
Funded Revenue
Mark-up/ Return/ Interest earned,

dividend income, gain/loss on sale of
securities, profit/loss from associates and
unrealized gain/loss on held for trading
securities.
Banking Survey 2013

47
48
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 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.
Interest Bearing
Liabilities
Interest bearing liabilities means:

borrowings, deposits and other accounts,
sub-ordinated loans and liabilities against
assets subject to finance lease.
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.
Non-markup / NonInterest Income
Includes Non-funded income, dividend

income, gain on sale of securities,
unrealised profit on revaluation of
investments classified as held for trading
and share of profit from joint venture and
associate.
Net Interest Income

Ratio
Mark-up/return/interest earned (before

provisions) as a percentage of interest
bearing assets less markup/return/interest expensed as a
percentage of interest bearing liabilities.
Net Provisions
Charge & reversal of provision against

non-performing advances, 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 remeasurement of actuarial
liability, surplus/ (deficit) on revaluation of
fixed assets and investments. i.e all form
of other comprehensive income including
those taken below equity in accordance
with the requirements of Companies
Ordinance 1984.
Operating Cost
Includes all expenses charged to arrive at

profit before tax excluding cost of funds
and provisions.
Banking Survey 2013

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
Net Income as a percentage of average

total assets.
Return on Average
Equity
Profit before tax as a percentage of

average equity.
Spread
Difference between markup/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 of
deposits as a percentage of average
deposits, at two year ends.
Staff Cost
Salaries, allowances, etc., staff retirement

benefits 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.
Banking Survey 2013

49
An Economic & Budget Commentary
Offices in Pakistan
Karachi Office
Sheikh Sultan Trust Building
Beaumont Road
Karachi 75300
Phone +92 (21) 3568 5847
Fax
+92 (21) 3568 5095
eMail pk-fmkarachi@kpmg.com
Lahore Office
2nd Floor, Servis House
2-Main Gulberg, Jail Road
Lahore 54000
Phone +92 (42) 3579 0901-6
Fax
+92 (42) 3579 0907
eMail pk-fmlahore@kpmg.com
Islamabad Office
Sixth Floor, State Life Building
Blue Area
Islamabad
Phone +92 (51) 282 3558
Fax
+92 (51) 282 2671
eMail pk-fmislamabad@kpmg.com
www.kpmg.com.pk
2014 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.
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.
The KPMG name, logo and cutting through complexity are registered trademarks of
KPMG International Cooperative (KPMG International).
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