KPMG Banking Survey-2015 PDF

kpmg KPMG Taseer Hadi & Co.
Chartered Accountants
Banking
Survey
2015
Commercial Banks Operating
in Pakistan
Banking Survey 2015
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 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, 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.
The financial statements of Bank of Punjab and BankIslami Pakistan

Limited 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 have

been updated to correspond with comparative figures reported in 2015
financial 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 karachi@kpmg.com
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 firms
affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
© 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 rights reserved.
Contents
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
Banking Survey 2015 1
At a Glance
Large Banks
HBL NBP UBL MCB ABL BAF
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)
2 Banking Survey 2015
Medium Size Banks

BAH Askari Meezan HMB SCB Faysal
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
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)
Soneri NIB JS Summit DIB BOK

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
Profit 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)
Small Banks
ICBC Silk Sindh Citibank Albaraka
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 Capitalization - - 14,196 5,931 - - - - - -

(Rupees in million)
Samba FWB DB BOT

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
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 Capitalization 6,049 7,058 - - - - - -

(Rupees in million)
Islamic Banks
Meezan DIB Albaraka
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

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

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)
MCBIB financial results have not been shown due to initial years of operations.
Summary of Financial Information

Large Banks
Assets
Operating fixed
Lendings to Loans and
assets &
Bank Cash & bank Investments financial advances - net Other assets Total assets
intangible
institutions of provisions
assets
Rupees in million
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
Liabilities and Equity
Subordinated
Bank Bills payable Borrowings Deposits Other liabilities Equity Total
loans
Rupees in million
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
Income Statement
Non-mark- Other
up / Non- Operating Operating Profit Profit after Comprehensive
Bank Spread Net provision Taxation Income
interest income expenses before tax tax
income
Rupees in million
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)
Medium Size Banks

Assets
Operating fixed
assets &
intangible
assets
Rupees in m illion
BAH 41,782 355,081 5,818 205,859 15,782 15,702 640,024
Askari 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

Subordinated
loans
Rupees in m illion
BAH 8,665 62,592 516,198 2,995 11,382 38,192 640,024
Askari 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
Income Statement
Non-mark- Other
up / Non- Operating Operating Profit Profit after Comprehensive
Bank Spread Net provision Taxation Income
interest income expenses before tax tax
income
Rupees in m illion
BAH 24,835 1,965 4,486 27,356 15,090 12,266 4,934 7,332 1,167
Askari 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
Small Banks
Assets
Operating fixed
assets &
intangible
assets
Rupees in million
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
Subordinated
loans
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
Albaraka 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
Income Statement
Non-mark-
Profit / Profit / Other
Net provision up / Non- Operating Operating
Bank Spread (loss) Taxation (loss) after Comprehensive
/ (reversal) interest income expenses
before tax tax Income
income
Rupees in million
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)
Islamic Banks
Assets
Operating fixed
assets &
intangible
assets
Rupees in million
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
Subordinated
loans
Rupees in million
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
Income Statement
Non-mark-
Other
Net provision up / Non- Operating Operating Profit Profit after
Bank Spread Taxation Comprehensive
/ (reversal) interest income expenses before tax tax
Income
income
Rupees in million
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
Albaraka 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
MCBIB financial results have only been shown in the above tables in this survey due to its initial years of operations.
Islamic Banking Business of Conventional Banks

Assets
Islamic
Due to financial Operating fixed
Bank Cash & bank Investments financing and Other assets Total assets
institutions assets
related assets
Rupees in million
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
Askari 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
Due to financial
Bank Bills payable Deposits Other liabilities Equity Total
institutions
Rupees in million
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
Income Statement
Depreciation
Net Profit /
Net spread on assets Other Operating
Bank provision / (loss)
earned given on income expenses
(reversal) before tax
Ijarah
Rupees in m illion
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
Askari 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
Profitability
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.
60,286
70,000
48,250
60,000
43,447
42,789
Rupees in millions
50,000
37,354
35,616
34,172
40,000
25,776
23,136
22,433
30,000
12,657
20,000
8,677
10,000
-00
HBL
NBP
UBL
MCB
ABL
BAF
2015 2014
Medium Size Banks

The medium sized banks experienced mixed results, with Askari, HMB,
Faysal and NIB reporting a significant increase.
15,565
15,368
18,000
12,565
12,266
16,000
Rupees in millions
10,003
14,000
12,000
8,451
8,337
7,336
6,920
6,899
10,000
5,869
8,000
4,029
3,768
3,596
3,552
2,959
6,000
2,442
2,589
1,901
4,000
926
712
693
2,000
36
-00
(108)
(2,000)
BAH
Askari
Meezan
HMB
SCB
Faysal
Soneri
NIB
JS
Summit
DIB
BOK
2015 2014
Small Banks
Small banks also experienced mixed trends in their profitability with ICBC
and Citibank reporting significant increase.
5,659
7,000
4,603
6,000
5,000
Rupees in millions
2,821
4,000
2,075
1,612
1,656
3,000
1,405
2,000
815
910
425
406
1,000
217
131
63
69
35
-00
(666)
(1,000)
(2,000)
ICBC
Silk (1,839)
Sindh
Citibank
Albaraka
SAMBA
FWB
DB
BOT
(3,000)
2015 2014
Islamic Banks
8,451
9,000
8,000
6,899
7,000
Rupees in millions
6,000
5,000
4,000
3,000
2,000
926
712
406
1,000
217
-00
Meezan
DIB
Albaraka
2015 2014
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:
2015 2014 2013 2012 2011

In percentage
Weighted average 9.6 11.1 11.3 12.8 13.6
lending rate
Weighted average 4.1 5.0 5.1 5.8 6.0

deposit rate
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.
Difference between
In percentages mark-up/return/ interest
earned on loans and
5.9
5.7
5.6
5.5
5.4
advances as a
5.1
5.0
4.7
4.7
percentage of average
4.4
4.4
4.3
loans and advances at

two year ends and mark-
up/return/ interest
expense of deposits as a
deposits at two year
ends
HBL
NBP
UBL
MCB
ABL
BAF
2015 2014
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.
In percentages
8.2
Difference between
7.8
mark-up/return/ interest
6.5
earned on loans and
5.6
5.4
advances as a
5.1
4.7
4.6
4.4
4.0
3.9
3.8
3.8
3.8
3.8
3.8
3.7
3.5
3.4
3.4
2.9
2.7
2.6
2.5
up/return/ interest
ends
BAH
Askari
Meezan
HMB
SCB
Faysal
Soneri
NIB
JS
Summit
DIB
BOK
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.
In percentages
6.9
6.5
6.1
5.9
Difference between
5.3
4.6
4.5
4.3
4.2
4.1
4.1
4.1
4.1
earned on loans and

3.6
advances as a
2.8
2.3
2.1

1.1

up/return/ interest
ICBC
Silk
Sindh
Citibank
Albaraka
SAMBA
FWB
DB
BOT

ends
2015 2014
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.
In percentages
Difference between
5.4
earned on loans and
4.1
4.1 advances as a
3.9
3.8
3.8
up/return/ interest
ends
Meezan
DIB
Albaraka
2015 2014
Non-Funded Income
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.
Non-funded income
comprises of fee,
Large Banks commission &
brokerage, rent, income
In percentages from dealing in foreign
currencies, profit on sale
47.1
of fixed & other assets

and other non-fund
37.6
37.3
receipts
33.2
31.3
Net interest income

26.3
26.0
24.7
means mark-
23.9
23.3
up/return/interest earned
18.5
16.2
(before provisions) less

mark-up/return/interest
expensed
NBP
HBL
UBL
MCB
ABL
BAF
2015 2014
Medium Size Banks
Non-funded income
comprises of fee,
commission &
74.6
In percentages
62.6
from dealing in foreign

60.0

and other non-fund
39.5
39.1
36.5
34.2
receipts
31.3
30.9
30.0
29.1
27.2
26.8
26.7
25.3
24.9
24.6
22.7
22.5
19.9
18.2
Net interest income

15.0
13.6
11.7
means mark-
Faysal
Askari
BAH
Meezan
JS
BOK
Soneri
HMB
NIB
DIB
SCB
Summit
expensed
2015 2014
Small Banks
Non-funded income
229.0
comprises of fee,
commission &
186.1
brokerage, rent, income In percentages
145.8
135.3
and other non-fund
receipts.
48.1
41.3
38.7
33.5
27.7
24.9
13.9
Net interest income
13.3
9.0
7.4
6.9
9.8
means mark-
(28.7)
(34.3)
expensed.
Sindh
Silk
Citibank
Albaraka
ICBC
FWB
DB
BOT
SAMBA
2015 2014
Islamic Banks
Non-funded income
comprises of fee, In percentages
commission &
27.2
27.7

24.9
24.9

22.7
19.9
currencies, profit on
sale of fixed & other
assets and other non-
fund receipts.
Net interest income

means mark-
up/return/interest
earned (before
Albaraka
DIB
Meezan
provisions) less mark-

up/return/interest
expensed.
2015 2014
Staff Costs
Staff costs averaged approximately 50.9% of total operating expenses in
2015 (2014: 50.9%).
Large Banks
Staff cost Number of staff Cost per staff
2015 2014 2015 2014 2015 2014
Rupees in millions Numb ers Rupees in thousand
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 Staff cost includes
UBL 18,384 16,741 15,132 13,771 1,215 1,216 salaries, allowances,
MCB 11,390 10,523 12,491 12,301 912 855 staff retirement benefits.
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
Medium Size Banks

2015 2014 2015 2014 2015 2014
Rupees in m illions Num b ers Rupees in thousand
BAH 7,246 5,805 9,415 8,122 770 715
As kari 6,688 5,570 6,872 5,913 973 942 Staff cost includes
Meezan 6,723 5,017 8,581 7,429 783 675
salaries, allowances,
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 staff retirement benefits.
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 m it 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
Small Banks
2015 2014 2015 2014 2015 2014
Rupees in m illions Num b ers Rupees in thousand
ICBC 897 613 91 82 9,857 7,476
Silk 2,552 2,312 3,153 2,906 809 796 Staff cost includes
Sindh 1,621 1,287 1,994 1,776 813 725 salaries, allowances,
Citibank 635 654 276 301 2,301 2,173
Albaraka 1,254 1,110 1,845 1,638 680 678 staff retirement benefits.
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
Islamic Banks
2015 2014 2015 2014 2015 2014
Rupees in millions Numb ers Rupees in thousand
Meezan 6,723 5,017 8,581 7,429 783 675 Staff cost includes
DIB 2,149 1,691 2,952 2,497 728 677 salaries, allowances,
Albaraka 1,254 1,110 1,845 1,638 680 678 staff retirement benefits.
10,126 7,818 13,378 11,564
Remuneration of Executives
Large Banks
CEO Remuneration Remuneration of Executives Number of Executives
2015 2014 2015 2014 2015 2014
Rupees in thousands Numb ers
HBL * 75,151 53,178 11,614,998 10,245,448 4,507 3,583
Remuneration of NBP 71,093 47,137 5,366,137 5,623,279 1,803 1,792
UBL * 127,305 246,520 8,138,206 7,280,128 1,947 1,784
executives 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 1,319 1,314
BAF * 97,114 92,499 5,107,217 4,490,721 1,808 1,603
501,658 556,294 37,591,889 34,452,642 12,600 11,102
Medium Size Banks

2015 2014 2015 2014 2015 2014
Rupees in thousands Num b ers
BAH 34,078 32,851 3,684,755 2,717,712 1,592 1,212
Remuneration of As kari 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
executives 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
Fays al * 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
Sum m it 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
Rupees in thousands Num b ers
ICBC * 67,942 71,199 431,715 538,430 53 56
Remuneration of Silk 86,127 72,919 1,257,672 1,174,255 437 387
Sindh * 74,201 58,194 687,809 539,275 271 217
executives 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
Rupees in thousands Numb ers
Meezan * 67,989 61,181 1,873,952 1,336,565 857 582
Remuneration of
DIB 50,773 42,178 870,862 758,701 339 255
executives 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
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 as
performance bonus and shares options scheme is disclosed in other notes. In most cases the information has been disclosed
in aggregate with either key management personnel or with executives. The amount paid to CEO is not identified separately.
Accordingly those benefits are not included in the CEO remuneration.
The CEO remuneration disclosed above have been taken from the un-consolidated financial statements.
Loans and Advances

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
Annual increase Gross Advances
2014-15 2013-14 2015 2014 2013
In percentages Rupees in millions
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 11.4 529,915 514,283 461,675
MCB 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
Annualised Increase (2013 – 15)

In percentages
HBL 5.6
(1.3) NBP
UBL 7.1
MCB 11.5
ABL 9.3
BAF 12.0
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
Summit 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
BAH 11.1
Askari 9.0
Meezan 27.1
HMB 2.0
(12.8) SCB
(0.4) Faysal
Soneri 7.3
NIB 13.6
JS 50.3
Summit 12.6
DIB 70.3
BOK 2.3
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
In percentages
ICBC 34.1
Silk 4.4
Sindh 32.6
Citibank 19.6
Albaraka 13.4
SAMBA 13.0
(2.2) FWB
DB 19.6
BOT 21.5
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
Annualized Increase (2013 – 15)
In percentages
Meezan 27.1
DIB 70.3
Albaraka 13.4
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
Less than 3%
19.1%
HMB HBL
3.1% 14.4%
Faysal
4.1%
NBP
BAH 14.2%
4.4%
Meezan UBL
4.4% 10.8%
Askari BAF
4.7% MCB ABL 7.0%
6.8% 7.0%
Banks with 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
Summit 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
Citibank FWB ICBC

SAMBA 0.5% 0.2% DB
0.1%
0.5% 0.1% BOT
BOK
0.8% 0.1%
Sindh NIB
1.0% 2.8%
Albaraka
1.0%
Silk
1.4% SCB
2.6%
JS
1.6%
Soneri
2.5%
Summit DIB
1.7% 2.2%
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 48.1% in 2015 from 50.2% in 2014
due to growth rate of deposits being higher than growth rate of advances.
Large Banks
Advances* Deposits
2015 2014 2013 2015 2014 2013
Rupees in millions
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
* 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
Average advances
60.9
(excluding export
52.8
50.9
49.5
48.7
48.3
refinance, finance against

45.3
45.1
44.8
42.6
42.5
41.8
locally manufactured
machinery and long-term
financing against export
oriented projects as its
counter refinance is not
included in deposits) to
HBL
NBP
UBL
MCB
ABL
BAF
average deposits ratio

Average advances to
2015 2014
Medium Size Banks

Advances* Deposits
2015 2014 2013 2015 2014 2013
Rupees in millions
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 91,763 130,400 105,103 104,888
JS 74,156 60,844 33,194 140,355 107,430 80,055
Summit 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
* 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
Average advances
95.3
93.0
(excluding export
72.4
67.0
66.9
64.8
63.4
62.7
refinance, finance against 61.0

58.8
54.5
51.8
50.2
49.8
48.1
46.3
45.0
44.3
44.0
39.4
38.6
38.3
37.2
35.8
BAH
Askari
Meezan
HMB
SCB
Faysal
Soneri
NIB
JS
Summit
DIB
BOK

2015 2014
Average advances to
Small Banks
Advances* Deposits
2015 2014 2013 2015 2014 2013
Rupees in millions
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
* 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
86.3
84.2
69.1
64.8
64.0
63.4
Average advances
59.6
57.1
54.8
54.7
54.7
54.5
51.0
(excluding export
40.8
38.7
35.9
35.7

24.3
ICBC
Silk
Sindh
Citibank
Albaraka
SAMBA
FWB
DB
BOT

2015 2014 average deposits ratio
Average advances to
Islamic Banks
Advances* Deposits
2015 2014 2013 2015 2014 2013
Rupees in millions
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
* 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
Average advances
72.4
(excluding export
63.4
61.0
54.5
44.3
44.0

Meezan
DIB
Albaraka

Average advances to
average deposits ratio 2015 2014
Deposits
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
Annual Increase Deposits

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
In percentages
HBL 8.0
NBP 14.0
UBL 12.2
MCB 5.7
ABL 9.9
BAF 10.4
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
Faysal 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
Summit 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
In percentages
BAH 15.6
Askari 13.7
Meezan 27.6
HMB 27.6
SCB 5.1
Faysal 3.8
Soneri 14.8
NIB 11.5
JS 32.4
Summit 6.2
DIB 42.2
BOK 23.2
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
In percentages
ICBC 34.1
Silk 8.1
Sindh 35.4
Citibank 22.8
(2.7) Albaraka
SAMBA 25.6
(9.1) FWB
(13.1) DB
BOT 13.6
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
In percentages
Meezan 27.6
DIB 42.2
(2.7) Albaraka
Market Share of Customer Deposits

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
Less than 3%
Faysal 12.4%
3.0% HBL
SCB 17.0%
3.4%
HMB
4.1%
NBP
Askari 13.0%
4.5%
Meezan
4.9% UBL
BAH 11.3%
5.4% BAF ABL
MCB 7.4%
6.3%
7.3%
Banks with 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.
FWB
ICBC DB
SAMBA 0.2%
0.3% 0.2%
0.4% BOT
0.1%
Citibank
0.6% Soneri
1.8%
Albaraka
0.7%
Silk JS
0.9% 1.4%
Sindh
0.9% DIB
1.3%
NIB BOK
1.2% Summit 1.2%
1.2%
Credit Ratings
Large Banks
Banks Rating Credit Rating

Agency Assigned
Short Long
Term Term
Habib Bank Limited JCR-VIS A-1+ AAA
National Bank of Pakistan PACRA A1+ AAA
JCR-VIS A-1+ AAA
United Bank Limited JCR-VIS A-1+ AA+
MCB Bank Limited PACRA A1+ AAA
Allied Bank Limited PACRA A1+ AA+
Bank Alfalah Limited PACRA A1+ AA
Medium Size Banks

Agency Assigned
Short Long
Term Term
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
Small Banks

Agency Assigned
Short Long
Term Term
Industrial and Commercial Bank
of China Limited (Pakistan
Branches) Moody’s P-1 A1
Silkbank Limited JCR-VIS A-2 A-
Sindh Bank Limited JCR-VIS A-1+ AA
Citibank N.A. (Pakistan
Branches) 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 (Pakistan Standard &
Branches) Poor's A-2 BBB+
Moody’s P-2 A3
Fitch F1 A-
The Bank of Tokyo Mitsubishi Standard &
UFJ, Limited – Karachi Branch Poor’s A-1 A+
Moody’s P-1* A1
Fitch F1 A
* Deposit Rating only
Number of Branches
and Legend
(including sub-branches)
Large Banks
Banks 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 Banks

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 101 116
Faysal 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 Banks
Branches *
2015 2014
Industrial and Commercial Bank of China
Limited (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
Definitions
Average Advances The average of opening and closing gross 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 Equity 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 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 advances

and investments is covered by net profits before charging
impairment.
Interest Bearing Assets Interest bearing assets means: cash and balances with
treasury banks, balances with other banks, lending to financial
institutions, fixed income investments and advances (excluding
non-performing assets).
Interest Bearing Liabilities Interest bearing liabilities means: borrowings, deposits and
other accounts, sub-ordinated loans and liabilities against
assets subject to finance lease.
Market Capitalization Product of total outstanding number of ordinary shares and

market price as at year end.
Non-funded Income Fee, commission & brokerage, rent, income from dealing in
foreign currencies, profit on sale of fixed & other assets and
other non-fund receipts.
Non-markup / Non-Interest Income / Includes fee, commission and brokerage income, dividend
Other Income income, income from dealing in foreign currencies, gain on sale
of securities, unrealised profit on revaluation of investments
classified as held for trading, share of profit from joint venture
and associate and other income.
Net Interest Margin Mark-up / return / interest earned (before provisions) as a

percentage of interest bearing assets less mark-up / return /
interest expensed as a percentage of interest bearing liabilities.
Net Provisions Charge & reversal of provision against non-performing

advances, against off balance sheet obligations, for diminution
in value of investments, bad debts directly written-off and
recoveries of previously written-off debts.
Other Comprehensive Income Includes effect of translation of net investment in foreign

branches, gains and losses on re-measurement of actuarial
liability, surplus / (deficit) on revaluation of fixed assets and
investments, surplus / (deficit) arising on revaluation of assets
of associated undertaking i.e. all form of other comprehensive
income including those taken below equity in accordance with
the requirements of Companies Ordinance 1984 / SBP
directives.
Operating Cost Includes all expenses charged to arrive at profit before tax
excluding cost of funds and provisions.
Operating Fixed Assets Operating fixed assets include intangible assets.
Other Assets Other assets include deferred tax assets.
Other Liabilities Other liabilities include deferred tax liabilities and liabilities
against assets subject to finance lease.
Remuneration per Executive Remuneration of executives divided by number of executives.
Return on Average Assets Profit after tax as a percentage of average total assets.
Return on Average Equity Profit after tax as a percentage of average equity.
Spread Difference between mark-up / return / interest earned on loans

and advances as a percentage of average loans and advances
(net of provision), at two year ends, and mark-up / return /
interest expense of deposits as a percentage of average
deposits, at two year ends.
Staff Cost Salaries, allowances, etc., staff retirement benefits, cost of

outsourced staff and cost of redundancy / voluntary retirement /
severance excluding Workers’ Welfare Fund.
Taxation Charge for current (including prior) and deferred taxation in the
profit and loss account.
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kpmg KPMG Taseer Hadi & Co.

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

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

Further, summarized financial information of “Islamic Banking Branches of

Reference should be made to the published financial statements of the

The financial statements of Bank of Punjab and BankIslami Pakistan

Comparative figures of 2014 as reported in our Banking Survey 2014 have

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

Karachi: 27 April 2016

Medium Size Banks

Soneri NIB JS Summit DIB BOK

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

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

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

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

Market Capitalization - - 14,196 5,931 - - - - - -

Samba FWB DB BOT

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

Spread 2.3 2.8 4.5 4.6 5.3 6.5 1.1 3.6

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

Impairment cover 38.9 - 1.2 0.0 - 21.9 - -

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

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 Capitalization 6,049 7,058 - - - - - -

Profit before tax 8,451 6,899 712 926 406 217

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

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

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

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 - - - -

Summary of Financial Information

Liabilities and Equity

Medium Size Banks

Liabilities and Equity

Liabilities and Equity

Liabilities and Equity

Islamic Banking Business of Conventional Banks

Liabilities and Equity

Medium Size Banks

2015 2014 2013 2012 2011

Weighted average 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

Average Spread of Large Banks as per survey

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

loans and advances at