BankingSurvey2012 KPMG

KPMG Taseer Hadi & Co.
Chartered Accountants
Banking Survey 2012
Commercial Banks Operating in Pakistan

BANKING & FINANCE
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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 2012
This survey has been prepared by KPMG Taseer Hadi & Co. and summarizes the performance of
selected banks in Pakistan during the year 2012.
Banking sector in Pakistan has been divided in four categories for the purpose of this survey
to facilitate comparison of peer groups. Banks with total assets in excess of Rs. 500 billion
are categorised as Large Banks, banks with total assets from Rs. 101 billion to Rs. 500
billion are categorised as Medium Size Banks, and banks with total assets up to Rs. 100
billion are categorised as Small Banks. 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 and quarterly / annual
reports published by State Bank of Pakistan (SBP), analysts and research reports and
information published in business magazines and newspapers.
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 for 2011 as reported in our Banking Survey 2011 have
been updated due to inclusion of financial statements of Sindh Bank Limited
and KASB Bank Limited which were not part of our previous survey.
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: 25 July 2013
Karachi

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
Current and Saving Deposits to Total Deposits (CASA) ............................ 43
Earning Per Share ...................................................................................... 45
Credit Ratings ............................................................................................. 47
Number of Branches and Legend .............................................................. 49
Definitions ................................................................................................... 51



Banking Survey 2012 1

Large Banks
2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Ranki ng
By total assets 1 2 2 1 3 3 4 4 5 5 6 6
By net assets 2 2 1 1 4 4 3 3 6 6 7 7
By profit before tax 1 1 4 3 3 4 2 2 5 5 8 8
Profit before tax 34,891 34,321 24,063 26,132 28,410 23,634 32,476 31,322 16,146 15,258 6,783 5,434
(Rupees in millions)
Net Interest Margin 3.3% 4.5% 3.4% 3.7% 3.5% 4.5% 4.6% 6.3% 1.8% 4.5% 2.1% 2.6%
Return on Average Equity 28.8% 33.3% 16.5% 19.6% 30.4% 29.3% 32.9% 36.1% 34.1% 38.4% 24.2% 22.9%
Return on Average Assets 2.5% 3.3% 1.9% 2.4% 3.2% 3.1% 4.6% 5.1% 2.8% 3.2% 1.4% 1.2%
Operating Cost to Net 55.5% 53.1% 83.7% 66.8% 67.0% 55.1% 43.5% 39.9% 84.1% 55.6% 83.6% 76.4%
Income ratio
Charge for provision against 6,767 6,925 8,019 9,358 4,247 7,294 478 3,654 1,020 3,153 3,537 4,330
Non performong Advances
Impairment cover 6.2 6.0 4.0 3.8 7.7 4.2 68.9 9.6 16.8 5.8 2.9 2.3
(Times)
Non Performing Advances 10.3% 11.2% 12.1% 14.8% 13.6% 13.4% 9.7% 10.7% 7.2% 7.8% 8.9% 9.0%
to gross loans
Total Assets 1,610,309 1,139,554 1,316,160 1,154,966 960,210 807,205 770,283 656,325 632,302 515,889 536,467 468,174
Net Assets 133,038 109,587 156,178 135,954 100,854 85,921 105,755 91,654 51,264 43,479 30,247 25,777
Capital Adequacy Ratio 15.8% 15.6% 17.0% 16.8% 22.1% 21.8% 14.7% 14.9% 16.3% 13.6% 12.7% 11.6%
BAF NBP HBL UBL MCB ABL

At a Glance

2 Banking Survey 2012

Medium Banks

2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Ranki ng
By total assets 7 7 8 8 9 9 10 12 11 10
By net assets 9 9 5 5 11 11 14 17 10 10
By profit before tax 7 7 6 6 13 12 16 23 12 14
Profit before tax 8,929 7,159 9,322 8,586 1,766 2,455 1,515 470 1,840 1,478
Net Interest Margin 2.0% 2.6% 4.3% 5.2% 2.1% 2.6% 1.6% 1.1% 2.2% 3.0%
Return on Average Equity 40.4% 39.5% 16.8% 15.9% 9.4% 14.5% 13.1% 6.6% 9.2% 8.3%
Return on Average Assets 2.1% 2.1% 2.4% 2.5% 0.5% 0.7% 0.5% 0.2% 0.6% 0.5%
Operating Cost to Net 58.8% 55.0% 71.9% 67.0% 98.8% 88.1% 173.7% -950.4% 122.8% 120.6%
Income ratio
Charge for provision against 466 1,821 3,579 4,507 2,693 1,771 (750) (2,588) 1,401 695
Impairment cover 20.2 4.9 3.6 2.9 1.7 2.4 -1.0 0.8 2.3 3.1
(Times)
Non Performing Advances 2.4% 2.7% 16.2% 16.3% 16.3% 14.1% 39.4% 48.0% 14.4% 15.7%
to gross loans
Total Assets 453,354 384,526 399,055 364,188 353,211 343,866 332,110 280,890 313,064 292,568
Net Assets 24,178 20,011 55,424 55,659 19,827 17,882 12,371 10,661 20,978 19,213
Capital Adequacy Ratio 16.1% 16.9% 14.4% 13.2% 11.9% 11.4% 7.7% 7.2% 10.8% 10.7%
BAH SCB Askari Faysal BOP

2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Ranki ng
By total assets 12 11 13 13 14 14 15 15 16 16
By net assets 8 8 12 12 13 13 15 14 32 27
Profit before tax 5,038 4,645 5,230 4,356 440 (3,492) 1,722 1,078 (2,499) (3,150)
Return on Average Equity 19.1% 20.7% 34.5% 35.0% 3.1% -25.4% 14.8% 10.8% -57.4% -70.2%
Return on Average Assets 1.7% 1.7% 2.2% 2.5% 0.3% 0.7% 1.2% 0.9% -2.0% -2.7%
Operating Cost to Net 72.7% 71.5% 68.6% 65.4% 188.5% 241.8% 92.1% 89.9% 3126.4% 738.6%
Income ratio
Charge for provision against 2,694 2,755 451 1,389 117 2,550 520 1,272 23 512
Impairment cover 2.87 2.69 12.59 4.14 4.77 -0.37 4.31 1.85 -107.93 -5.15
(Times)
to gross loans
Total Assets 300,740 288,201 274,437 200,550 190,855 154,825 158,618 129,732 134,289 119,268
Net Assets 28,254 24,581 16,551 13,786 14,387 13,664 12,353 10,977 3,006 5,701
Capital Adequacy Ratio 17.2% 14.1% 14.1% 14.9% 12.1% 13.0% 12.4% 12.6% 4.6% 7.6%
HMB Meezan NIB Soneri Summit

Small Banks
2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Ranki ng
By total assets 17 27 18 19 19 18 20 17 21 25 22 21
By net assets 17 16 31 31 28 28 19 15 18 19 16 18
Profit before tax 1,286 1,140 (1,597) (3,146) (529) 1,359 2,321 2,524 1,190 537 1,569 1,285
(Rupees in Millions)
Net Interest Margin 1.5% 2.0% 1.8% -1.2% 2.7% 2.6% 4.9% 5.2% 2.1% 1.8% 1.2% 2.6%
Return on Average Equity 11.8% 21.4% -48.7% -178.4% -9.6% 26.0% 23.4% 25.7% 12.1% 7.4% 14.2% 13.0%
Return on Average Assets 1.8% 4.8% -2.0% -8.6% -0.6% 1.7% 2.5% 2.6% 1.7% 1.1% 2.1% 2.2%
Operating Cost to Net 62.7% 35.1% 165.5% -671.3% 214.4% 213.1% 86.9% 71.1% 117.6% 122.1% 70.3% 66.6%
Income ratio
Charge for provision against 1 31 1,782 285 (580) (2,630) 822 1,172 530 (151) 178 245
Impairment cover 1204.4 37.3 0.1 -10.0 1.9 0.5 3.8 3.2 3.2 -2.6 9.8 6.3
(Times)
to gross loans
Total Assets 92,291 47,730 90,278 73,191 89,062 90,670 85,172 96,903 84,019 54,503 82,178 68,424
Net Assets 11,088 10,663 3,028 3,527 5,354 5,639 9,037 10,766 10,935 8,781 11,727 10,365
Capital Adequacy Ratio 38.5% 56.3% 1.1% 1.2% 5.7% 6.6% 19.9% 22.6% 16.5% 16.1% 25.1% 22.7%
Sindh JS CitiBank Silk BOK KASB

2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Ranki ng
By total assets 23 23 24 20 25 26 26 22 27 24 28 29
By net assets 27 29 24 23 22 24 21 21 23 22 26 26
Profit before tax 626 609 (953) 481 501 316 (488) 1,511 (1,041) 414 33 (347)
Net Interest Margin 2.9% 4.1% 1.5% 1.9% 4.3% 4.2% 3.3% 3.6% 3.7% 3.0% 2.0% 2.4%
Return on Average Equity 11.5% 12.1% -15.2% 7.6% 7.6% 10.1% -6.4% 22.0% -15.1% 6.2% 0.6% -6.8%
Return on Average Assets 0.9% 1.2% -1.3% 0.7% 0.9% 0.7% -0.9% 2.6% -2.0% 0.8% 0.1% -1.5%
Operating Cost to Net 92.4% 92.4% 136.0% 113.4% 100.1% 105.9% 139.4% 83.8% 112.3% 102.6% 159.2% 159.2%
Income ratio
Charge for provision against 96 61 802 (227) 193 10 526 103 378 51 (174) 245
Impairment cover 7.52 11.06 -0.19 -1.12 3.60 32.38 0.07 15.67 -1.75 9.14 0.81 -0.42
(Times)
to gross loans
Total Assets 74,236 58,821 73,869 72,545 63,501 48,196 50,328 59,356 47,778 58,024 47,185 27,656
Net Assets 5,572 5,313 6,022 6,524 6,867 6,234 7,644 7,506 6,824 6,924 5,937 5,805
Capital Adequacy ratio 15.3% 17.2% 11.2% 15.3% 19.1% 20.9% 22.7% 23.1% 29.8% 26.1% 22.6% 41.8%
Islami Al Baraka HSBC Burj Barclays DIB

2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Ranki ng
By total assets 29 28 30 30 31 31 32 33 33 32
By net assets 20 20 25 25 33 33 30 32 29 30
Profit before tax 164 201 551 1,104 88 400 (180) (184) 71 62
Net Interest Margin 2.6% 1.5% 4.6% 4.5% 2.5% 3.1% 0.3% -0.6% 1.1% 2.1%
Return on Average Equity 2.0% 2.5% 7.6% 10.1% 4.6% 28.3% -5.9% -12.2% 1.4% 1.3%
Return on Average Assets 0.5% 0.6% 2.2% 5.6% 0.5% 2.8% -1.3% -6.2% 0.9% 0.7%
Income ratio
Charge for provision against (91) (46) (32) (21) 51 (5) -00 -00 -00 -00
Impairment cover -0.81 -3.35 -15.97 -51.33 2.75 -72.08 0.00 0.00 0.00 0.00
(Times)
to gross loans
Total Assets 34,854 31,331 28,949 22,242 22,491 16,129 22,048 5,952 8,272 8,396
Net Assets 8,516 8,182 5,961 6,036 2,077 1,720 3,149 3,010 5,064 5,155
Capital Adequacy ratio 43.9% 43.4% 21.9% 26.2% 24.7% 35.5% 71.0% 434.8% 102.0% 105.9%
Samba DB FWB BOT ICBC

Islamic Banks

2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Ranki ng
By total assets 13 13 23 23 24 20 25 26 28 29
By net assets 12 12 27 29 24 23 22 24 26 26
Profit before tax 5,230 4,356 626 609 (953) 481 501 316 33 (347)
Return on Average Equity 34.5% 35.0% 11.5% 12.1% -15.2% 7.6% 7.6% 10.1% 0.6% -6.8%
Return on Average Assets 2.2% 2.5% 0.9% 1.2% -1.3% 0.7% 0.9% 0.7% 0.1% -1.5%
Income ratio
Charge for provision against 451 1,389 96 61 802 (227) 193 10 (174) 245
Impairment cover 12.59 4.14 7.52 11.06 (0.19) (1.12) 3.60 32.38 0.81 (0.42)
(Times)
to gross loans
Total Assets 274,437 200,550 74,236 58,821 73,869 72,545 63,501 48,196 47,185 27,656
Net Assets 16,551 13,786 5,572 5,313 6,022 6,524 6,867 6,234 5,937 5,805
Capital Adequacy ratio 14.1% 14.9% 15.3% 17.2% 11.2% 15.3% 19.1% 20.9% 22.6% 41.8%
Meezan Islamic Al Baraka DIB Burj





Large Banks
Assets
HBL 205,210 797,095 24,828 499,818 23,632 59,728 1,610,311
NBP 189,652 342,965 8,281 661,345 29,714 84,204 1,316,161
UBL 117,609 381,246 21,953 385,834 27,461 26,106 960,209
MCB 58,657 405,601 1,551 239,789 24,144 40,540 770,282
ABL 44,381 267,683 10,721 271,116 19,882 18,519 632,302
BAF 84,765 189,487 877 233,933 13,748 13,659 536,469
700,274 2,384,077 68,211 2,291,835 138,581 242,756 5,825,734
Rupees in million
Lendings to
financial
institutions
Loans and
advances -
net of
provisions
Operating
fixed assets
& intangible
assets
Other assets Total assets Bank Cash & bank Investments
Liabilities and Equi ty
HBL 18,943 196,581 1,214,964 5,441 41,344 133,038 1,610,311
NBP 14,368 51,112 1,038,095 - 56,407 156,179 1,316,161
UBL 7,601 67,215 755,264 9,319 19,956 100,854 960,209
MCB 9,896 79,064 544,988 - 30,579 105,755 770,282
ABL 6,203 38,916 514,702 5,490 15,727 51,264 632,302
BAF 8,431 21,228 457,119 5,875 13,569 30,247 536,469
65,442 454,116 4,525,132 26,125 177,582 577,337 5,825,734
Total
Rupees in million
Subordinated
loans
Other liabilities Equity Borrowings Deposits Bank Bills payable
Income Statement
HBL 57,760 6,767 15,960 66,953 32,062 34,891 12,535 22,356
NBP 44,573 8,019 24,805 61,359 37,295 24,064 7,176 16,888
UBL 39,643 4,247 17,195 54,988 26,578 28,410 9,131 19,279
MCB 40,940 478 9,541 50,300 17,823 32,477 11,241 21,236
ABL 18,331 1,020 14,245 31,556 15,409 16,147 4,264 11,883
BAF 18,580 3,537 7,281 22,325 15,541 6,784 2,227 4,557
219,827 24,068 89,027 287,481 144,708 142,773 46,574 96,199
Rupees in million
Non-mark-
up / Non-
interest
income
Operating
income
Operating
expenses
Profit
before tax
Taxation
Profit after
tax
Bank Spread Provisions

Summary of Financial Information

Medium Size Banks
Assets
BAH 37,211 249,924 994 147,860 11,211 6,154 453,354
SCB 34,188 131,741 19,845 144,918 32,658 35,706 399,056
Askari 33,300 145,354 6,341 143,728 8,902 15,586 353,211
BOP 20,399 129,552 1,563 149,566 3,473 27,558 332,111
Faysal 25,718 87,995 - 172,299 10,860 16,192 313,064
HMB 22,070 160,733 - 106,911 3,001 8,026 300,741
Meezan 22,976 152,460 500 88,678 4,898 4,926 274,438
NIB 8,630 83,803 3,441 71,586 6,204 17,192 190,856
Soneri 12,740 59,517 1,123 76,825 4,015 4,398 158,618
Summit 11,711 49,777 2,039 52,549 5,450 12,762 134,288
228,943 1,250,856 35,846 1,154,920 90,672 148,500 2,909,737
Rupees in million
Lendings to
financial
institutions
Loans and
advances -
net of
provisions
Operating
fixed assets
& intangible
assets
BAH 5,257 69,622 340,387 6,489 7,421 24,178 453,354
SCB 6,165 23,399 266,599 2,750 44,719 55,424 399,056
Askari 3,700 8,377 306,930 6,987 7,390 19,827 353,211
BOP 1,501 44,684 266,056 - 7,499 12,371 332,111
Faysal 4,244 35,568 240,713 4,195 7,366 20,978 313,064
HMB 4,092 41,569 217,671 - 9,155 28,254 300,741
Meezan 3,059 18,461 230,426 - 5,940 16,552 274,438
NIB 2,430 76,179 91,094 3,993 2,772 14,388 190,856
Soneri 2,522 20,398 120,831 299 2,215 12,353 158,618
Summit 1,654 28,900 96,815 1,499 2,414 3,006 134,288
34,624 367,157 2,177,522 26,212 96,891 207,331 2,909,737
Total
Rupees in million
Bills payable Borrowings Deposits
Subordinated
loans
Other liabilities Equity Bank
Income Statement
BAH 15,369 466 3,059 17,962 9,033 8,929 3,419 5,510
SCB 19,876 3,579 7,312 23,610 14,287 9,323 3,276 6,047
Askari 9,431 2,693 4,344 11,082 9,316 1,766 477 1,289
BOP 2,139 (750) 3,191 6,080 4,566 1,514 (230) 1,744
Faysal 8,963 1,401 5,282 12,844 11,004 1,840 417 1,423
HMB 8,333 2,694 5,458 11,097 6,059 5,038 1,645 3,393
Meezan 10,452 451 2,399 12,400 7,171 5,229 1,722 3,507
NIB 2,863 117 3,091 5,838 5,397 441 178 263
Soneri 4,844 520 1,857 6,181 4,459 1,722 618 1,104
Summit 129 23 1,427 1,533 4,033 (2,500) 218 (2,718)
82,399 11,194 37,420 108,627 75,325 33,302 11,740 21,562
Rupees in million
Bank Spread
Provisions /
(reversals)
Non-mark-
up / Non-
interest
income
Operating
income
Operating
expenses
Profit /
(loss)
before tax
Taxation
Profit /
(loss) after
tax


Small Banks
Assets
Sindh 2,856 62,631 4,620 19,282 1,557 1,345 92,291
KASB 6,806 39,969 353 31,090 3,704 8,356 90,278
Silk 4,093 12,735 5,662 49,000 4,637 12,934 89,061
Citibank 12,807 31,339 14,913 18,256 367 7,490 85,172
JS 6,222 47,885 3,741 19,909 3,412 2,851 84,020
BOK 4,759 45,672 1,501 26,693 1,359 2,194 82,178
Islami 5,745 28,994 8,476 27,433 1,913 1,675 74,236
Albaraka 10,933 27,421 1,100 28,782 2,629 3,003 73,868
DIB 9,856 21,335 3,207 26,315 1,535 1,252 63,500
HSBC 12,106 13,434 4,967 17,586 132 2,103 50,328
Barclays 8,407 19,403 - 17,744 513 1,712 47,779
Burj 3,359 17,156 - 23,371 1,130 2,169 47,185
SAMBA 4,343 8,895 2,777 15,445 832 2,562 34,854
DB 7,689 7,747 7,414 3,980 352 1,766 28,948
FWB 1,824 7,264 4,220 8,335 239 608 22,490
ICBC 5,400 13,596 1,554 57 317 1,124 22,048
BOT 5,304 - 1,254 1,619 30 65 8,272
112,509 405,476 65,759 334,897 24,658 53,209 996,508
Rupees in million
Lendings to
financial
institutions
Loans and
advances -
net of
provisions
Operating
fixed assets
& intangible
assets

Sindh 176 48,602 31,470 - 955 11,088 92,291
KASB 878 21,245 62,600 - 2,527 3,028 90,278
Silk 1,979 11,377 69,050 - 1,301 5,354 89,061
Citibank 2,186 142 64,294 - 9,513 9,037 85,172
JS 714 8,705 61,935 - 1,731 10,935 84,020
BOK 558 7,420 60,043 - 2,430 11,727 82,178
Islami 1,251 1,621 64,216 - 1,576 5,572 74,236
Albaraka 747 1,992 63,279 - 1,828 6,022 73,868
DIB 659 1,600 53,110 - 1,264 6,867 63,500
HSBC 671 694 38,957 - 2,362 7,644 50,328
Barclays 522 9,292 29,958 - 1,183 6,824 47,779
Burj 391 3,087 35,922 - 1,848 5,937 47,185
SAMBA 251 2,477 22,754 - 856 8,516 34,854
DB 297 318 18,354 - 4,018 5,961 28,948
FWB 549 73 19,193 - 598 2,077 22,490
ICBC 1 12,221 4,168 - 2,509 3,149 22,048
BOT 4 708 2,402 - 94 5,064 8,272
11,834 131,574 701,705 - 36,593 114,802 996,508
Total
Rupees in million
Subordinated
loans


Income Statement

Sindh 2,038 1 527 2,564 1,278 1,286 399 887
KASB 2,343 1,782 1,454 2,281 3,877 (1,596) (791) (805)
Silk 1,902 (580) 1,065 3,547 4,077 (530) (185) (345)
Citibank 5,233 822 2,456 6,867 4,546 2,321 897 1,424
JS 2,437 530 2,148 4,055 2,865 1,190 370 820
BOK 2,594 178 976 3,392 1,823 1,569 494 1,075
Islami 2,468 96 534 2,906 2,280 626 216 410
Albaraka 1,546 802 406 1,150 2,103 (953) (310) (643)
DIB 2,874 193 695 3,377 2,876 501 155 346
HSBC 2,230 526 918 2,622 3,109 (487) (91) (396)
Barclays 1,759 378 398 936 1,976 (1,040) 113 (1,153)
Burj 1,009 (174) 456 1,639 1,606 33 (51) 84
SAMBA 1,332 (91) 155 1,577 1,413 164 (137) 301
DB 1,101 (32) 588 1,722 1,171 551 200 351
FWB 760 51 96 805 717 88 45 43
ICBC 89 - 141 230 411 (181) - (181)
BOT 68 - 157 225 154 71 25 46
31,783 4,482 13,170 39,895 36,282 3,613 1,349 2,264
Rupees in million
Profit /
(loss)
before tax
Taxation
Profit /
(loss) after
tax
Bank Spread
Provisions /
(reversals)
Non-mark-
up / Non-
interest
income
Operating
income
Operating
expenses


Islamic Banks
Assets
Meezan 22,976 152,460 500 88,678 4,898 4,926 274,438
Islami 5,745 28,994 8,476 27,433 1,913 1,675 74,236
Albaraka 10,933 27,421 1,100 28,782 2,629 3,003 73,868
DIB 9,856 21,335 3,207 26,315 1,535 1,252 63,500
Burj 3,359 17,156 - 23,371 1,130 2,169 47,185
52,869 247,366 13,283 194,579 12,105 13,025 533,227
Rupees in million
Lendings to
financial
institutions
Loans and
advances -
net of
provisions
Operating
fixed assets
& intangible
assets

Meezan 3,059 18,461 230,426 - 5,940 16,552 274,438
Islami 1,251 1,621 64,216 - 1,576 5,572 74,236
Albaraka 747 1,992 63,279 - 1,828 6,022 73,868
DIB 659 1,600 53,110 - 1,264 6,867 63,500
Burj 391 3,087 35,922 - 1,848 5,937 47,185
6,107 26,761 446,953 - 12,456 40,950 533,227
Total
Rupees in million
Subordinated
loans

Income Statement

Meezan 10,452 451 2,399 12,400 7,171 5,229 1,722 3,507
Islami 2,468 96 534 2,906 2,280 626 216 410
Albaraka 1,546 802 406 1,150 2,103 (953) (310) (643)
DIB 2,874 193 695 3,377 2,876 501 155 346
Burj 1,009 (174) 456 1,639 1,606 33 (51) 84
18,349 1,368 4,490 21,472 16,036 5,436 1,732 3,704
Rupees in million
Profit /
(loss)
before tax
Taxation
Profit /
(loss) after
tax
Bank Spread
Provisions /
(reversals)
Non-mark-
up / Non-
interest
income
Operating
income
Operating
expenses




The profit before tax of banks included in this survey has increased by
6.38% to Rs. 179.4 billion in 2012 from Rs. 167.9 billion in 2011. The
main contributors to the increase were UBL with Rs. 4.7 billion, MCB
with Rs. 1.1 billion, NIB with Rs. 3.93 billion. The increase in
profitability was mainly due to increase in non-mark-up/ non-interest
income by Rs. 27.5 billion and dec rease in provisions by Rs. 9.3
billion. This increase was partly offset by reduction in spread by Rs.
9.1 billion and increase in operating expenses by Rs. 20.9 billion.
The impact of FSV benefit taken on profit for 2012 for banks included
in the survey is estimated at about Rs. 11.5 billion compared to about
Rs. 28.6 billion in 2011. Therefore, it seems that even after absorption
of the reduction in benefit, the banks have been abl e to limit the
charge on profitability. The estimate of FSV benefit for certain banks
has been made based on change in cumulative benefit as those banks
have not disclosed the impact on profit for the year separately.
The increasing trend of banks acquiring non-banking assets in
settlement of debts has continued in 2012. The non-banking assets
acquired now amount to Rs. 41 billion (2011 Rs. 37 billion).
Large Banks

UBL and BAFL posted highest profit growth of 20.2% and 26.0%,
respectively, from 2011. UBLs provision decreased by Rs. 3.0 billion
during the year and share of profit from associates increased by Rs.
2.7 billion. BAFLs non mark-up / non-interest income has increased by
Rs. 1.9 billion and provision decreased by Rs. 0.8 billion while
operating expenses increased by Rs. 1.3 billion. NBPs profit
decreased due t o higher provision as a r esult of reduction in FSV
benefit by Rs. 1.4 billion.

3
4
,
8
9
1

2
4
,
0
6
4

2
8
,
4
1
0

3
2
,
4
7
7

1
6
,
1
4
7

6
,
7
8
4

3
4
,
3
2
1

2
6
,
1
3
2

2
3
,
6
3
4

3
1
,
3
2
2

1
5
,
2
5
8

5
,
4
3
4

-00
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
HBL NBP UBL MCB ABL BAF
R
u
p
e
e
s

i
n

m
i
l
l
i
o
n
s
2012 2011

Operating income less operating
cost (i.e. profit before tax) has
increased by 5% in 2012.
Profitability


Medium Size Banks

Soneri and BAH posted highest profit growth of 59.7% and 24.7%
respectively from 2011 while NIB was able to convert its loss into profit
this year. Soneris spread has increased by Rs. 0.9 billion, provisions
and operating expenses have decreased by Rs. 0.7 billion and 0.1
billion respectively. BAHs spread has increased by Rs. 1.2 billion and
provisions have decreased by Rs. 1.4 billion. This has been partly
offset by increase in operating expenses by 1.3 billion. NIB banks
increase is mainly due to decrease in provision by Rs. 2.4 billion.
8
,
9
2
9

9
,
3
2
3

1
,
7
6
6

1
,
5
1
4

1
,
8
4
0

5
,
0
3
8

5
,
2
2
9

4
4
1

1
,
7
2
2

(
2
,
5
0
0
)
7
,
1
5
9

8
,
5
8
6

2
,
4
5
5

4
7
0

1
,
4
7
8

4
,
6
4
5

4
,
3
5
6

(
3
,
4
9
2
)
1
,
0
7
8

(
3
,
1
5
0
)
(6,000)
(4,000)
(2,000)
-00
2,000
4,000
6,000
8,000
10,000
B
A
H
S
C
B
A
s
k
a
r
i
B
O
P
F
a
y
s
a
l
H
M
B
M
e
e
z
a
n
N
I
B
S
o
n
e
r
i
S
u
m
m
i
t
R
u
p
e
e
s

i
n

m
i
l
l
i
o
n
s
2012 2011
Small Banks
Profit before tax of small banks included in this survey has decreased
to Rs. 3.3 billion in 2012 as compared with profit before tax of Rs. 8.3
billion in 2011. Silk, Al Baraka, HSBC and Barclays have losses before
tax of Rs. 2.9 billion compared to profit of Rs. 3.7 billion in 2011. JS,
DIB and BOK posted highest growth of 121.5%, 58.5% and 22.1% in
2012 respectively.
1
,
2
8
6

(
1
,
5
9
6
)
(
5
3
0
)
2
,
3
2
1

1
,
1
9
0

1
,
5
6
9

6
2
6

(
9
5
3
)
5
0
1

(
4
8
7
)
(
1
,
0
4
0
)
3
3

1
6
4

5
5
1

8
8

(
1
8
1
)
7
1

1
,
1
4
0

(
3
,
1
4
6
)
1
,
3
5
9

2
,
5
2
4

5
3
7

1
,
2
8
5
6
0
9

4
8
1

3
1
6

1
,
5
1
1

4
1
4

(
3
4
7
)
2
0
1

1
,
1
0
4
4
0
0

(
1
8
4
)
6
2

(4,000)
(3,000)
(2,000)
(1,000)
-00
1,000
2,000
3,000
S
i
n
d
h
K
A
S
B
S
i
l
k
C
i
t
i
b
a
n
k
J
S
B
O
K
I
s
l
a
m
i
A
l
b
a
r
a
k
a
D
I
B
H
S
B
C
B
a
r
c
l
a
y
s
B
u
r
j

S
A
M
B
A
D
B
F
W
B
I
C
B
C
B
O
T
R
u
p
e
e
s

i
n

m
i
l
l
i
o
n
s
2012 2011

increased by 41% in 2012.

decreased by 56% in 2012.


Islamic Banks

Profit before tax of Islamic banks increased to Rs. 5.4 billion from Rs.
5.1 billion with major contributor in profit before tax being Meezan
having profit before tax of Rs. 5.2 billion.

5
,
2
2
9

6
2
6

(
9
5
3
)
5
0
1
3
3

4
,
3
5
6

6
0
9

4
8
1

3
1
6

(
3
4
7
) (1,500)
(1,000)
(500)
-00
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
Meezan Islami Albaraka DIB Burj
R
u
p
e
e
s

i
n

m
i
l
l
i
o
n
s
2012 2011

increased by 0.4% .





The overall average spread of the industry for last five years as
disclosed in SBP Statistical Bulletins was as follows:
2012 2011 2010 2009 2008
In percentage
Weighted average
lending rate
12.8 13.6 13.4 14.0 12.5
Weighted average
deposit rate
5.8 6.0 5.9 6.5 5.2
Banking spread 7.1 7.6 7.5 7.5 7.3

(Source: Monthly SBP Statistical Bulletins)
The average spread of banks included in this survey was 6.2% (2011:
7.0%).
Large Banks
Average spread of large banks in 2012 was 6.9% compared to 7.9% in
2011.

6
.
3
6
.
9
6
.
7
8
.
0
7
.
26
.
2
7
.
6
7
.
6
7
.
8
9
.
7
7
.
9
7
.
3
In percentages
2012 2011

Difference between mark-
up/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
Spread


Medium Size Banks
Average spread of medium size banks in 2012 was 5.2% compared to
5.5% in 2011.
4
.
5
9
.
1
5
.
5
1
.
6
6
.
7
3
.
7
5
.
2
4
.
6
4
.
5
3
.
7
4
.
4
1
1
.
2
4
.
8
1
.
2
7
.
4
4
.
0
5
.
5
3
.
9
4
.
7
4
.
2
B
A
H
S
C
B
A
s
k
a
r
i
B
O
P
F
a
y
s
a
l

H
M
B
M
e
e
z
a
n
N
I
B
S
o
n
e
r
i
S
u
m
m
i
t
In percentages
2012 2011

Small Banks
Average spread of small banks in 2012 was 5.8% compared to 6.0%
in 2011.
7
.
7
3
.
8
6
.
4
8
.
9
7
.
4
5
.
9
6
.
6
2
.
5
6
.
95
.
0
4
.
0
2
.
6
5
.
1
8
.
1
7
.
75
.
8
7
.
5
-
3
.
9
2
3
.
0
7
.
1
7
.
3
7
.
2
8
.
7
8
.
5
3
.
0
7
.
4
6
.
7
6
.
14
.
5
5
.
5
7
.
4
7
.
4
0
.
3
2
.
0
S
i
n
d
h
K
A
S
B
S
i
l
k
C
i
t
i
b
a
n
k
J
S
B
O
K
I
s
l
a
m
i
A
l
b
a
r
a
k
a
D
I
B
H
S
B
C
B
a
r
c
l
a
y
s
B
u
r
j

S
A
M
B
A
D
B
F
W
B
I
C
B
C
B
O
T
In percentages
2012 2011

ends

ends


Islamic Banks
Average spread of Islamic banks in 2012 was 5.1% compared to 5.8%
in 2011.
5
.
2
6
.
6
2
.
5
6
.
9
2
.
6
5
.
5
8
.
5
3
.
0
7
.
4
4
.
5
In percentages
2012 2011

ends





Non-funded income as a percentage of net interest income, of banks
included in this survey, has increased to 29% in 2012 from 26.1% in
2011. Large Banks income increased from 24.3% in 2011 to 28.4% in
2012; whereas the ratio of Medium Size Banks remained almost the
same as in previous year at 30.9% (2011: 30.9%). Small Banks ratio
increased to 28.3% in 2012 from 27.3% in 2011. Islamic Banks ratio
increased to 15.7% in 2012 from 14.4% in 2011.
Non-funded income to net interest income
Large Banks

2
1
.
5

3
9
.
4

3
8
.
8

1
8
.
5

2
0
.
8

3
0
.
2
2
2
.
6

3
3
.
1

3
1
.
1

1
4
.
8

1
4
.
7

2
7
.
1

In percentages
2012 2011

Medium Size Banks

1
6
.
8

3
0
.
8

2
7
.
5

7
0
.
6

4
0
.
1

4
5
.
0

1
3
.
5

5
9
.
9

2
7
.
4

7
1
7
.
1

1
6
.
7

2
5
.
1

2
4
.
0

(
3
5
2
.
5
)
4
0
.
9

4
7
.
4

1
4
.
4

7
5
.
1

3
9
.
2

1
3
4
.
7

B
A
H
S
C
B
A
s
k
a
r
i
B
O
P
F
a
y
s
a
l

H
M
B
M
e
e
z
a
n
N
I
B
S
o
n
e
r
i
S
u
m
m
i
t
In percentages
2012 2011

Non-Funded Income
Non-funded income comprises of
fee, commission & brokerage,
rent, income from dealing in
foreign currencies, profit on sale
of fixed & other assets and other
non-fund receipts
Net interest income means mark-
up/return/interest earned (before
provisions) less mark-
up/return/interest expensed
non-fund receipts
up/return/interest expensed


Small Banks

7
.
1

5
9
.
4

4
6
.
1

2
2
.
0

4
6
.
2

1
7
.
1

1
2
.
7

2
6
.
6

2
0
.
9

4
1
.
2

2
2
.
6

1
4
.
4

8
.
7

5
2
.
5

1
1
.
4

1
5
8
.
4

2
3
0
.
9

0
.
9

(
1
7
1
.
3
)
3
8
.
8

2
8
.
2

2
7
.
2

1
4
.
8

8
.
7

2
7
.
3

1
4
.
5

3
9
.
0

2
5
.
5

7
.
8

9
.
2

6
5
.
4

8
.
2

1
0
.
1

1
0
2
.
1

S
i
n
d
h
K
A
S
B
S
i
l
k
C
i
t
i
b
a
n
k
J
S
B
O
K
I
s
l
a
m
i
A
l
b
a
r
a
k
a
D
I
B
H
S
B
C
B
a
r
c
l
a
y
s
B
u
r
j

S
A
M
B
A
D
B
F
W
B
I
C
B
C
B
O
T
In percentages
2012 2011

Islamic Banks

1
3
.
5

1
2
.
7

2
6
.
6

2
0
.
9

1
4
.
4

1
4
.
4

8
.
7

2
7
.
3

1
4
.
5

7
.
8

In percentages
2012 2011

non-fund receipts.
up/return/interest expensed.

non-fund receipts.
Net interest income means
mark-up/return/interest earned
(before provisions) less mark-
up/return/interest expensed.


Staff costs remain one of the most significant costs for the banks,
averaging approximately 49.6% (2011: 48.3%) of total operating
expenses.
Large Banks
2012 2011 2012 2011 2012 2011
HBL 17,764 16,922 13,978 13,661 1,271 1,239
NBP 26,061 21,555 16,924 17,322 1,540 1,244
UBL 11,003 9,377 13,056 12,563 843 746
MCB 7,564 6,850 12,611 13,355 600 513
ABL 8,314 7,633 13,059 13,029 637 586
BAF 7,279 6,310 9,897 10,123 735 623
77,985 68,647 79,525 80,053
Staff cost Number of staff Cost per staff
Rupees in millions Numbers Rupees in thousand

Medium Size Banks
2012 2011 2012 2011 2012 2011
BAH 4,139 3,439 6,577 6,051 629 568
SCB 5,105 4,713 5,041 4,990 1,013 944
Askari 4,510 4,535 7,003 7,372 644 615
BOP 2,337 2,056 5,492 4,999 426 411
Faysal 5,025 5,141 6,462 6,442 778 798
HMB 2,849 2,415 3,303 3,092 863 781
Meezan 3,390 2,932 5,953 4,900 569 598
NIB 2,578 2,232 2,768 2,718 931 821
Soneri 1,765 1,317 3,275 2,494 539 528
Summit 1,570 1,497 2,514 1,705 625 878
33,268 30,277 48,388 44,763

Small Banks
2012 2011 2012 2011 2012 2011
Sindh 617 12 1,241 592 497 20
KASB 1,563 1,282 1,875 1,798 834 713
Silk 2,229 1,908 2,750 2,564 811 744
Citibank 1,179 1,165 677 1,016 1,742 1,147
JS 1,206 833 1,945 1,619 620 515
BOK 969 923 1,430 1,384 678 667
Islami 968 843 1,648 1,452 587 581
Albaraka 838 761 1,293 1,238 648 615
DIB 1,114 918 1,739 1,400 641 656
HSBC 1,603 888 493 548 3,252 1,620
Barclays 913 1,045 249 576 3,667 1,814
Burj 645 388 1,529 820 422 473
SAMBA 678 687 732 760 926 904
DB 430 396 112 113 3,839 3,504
FWB 425 335 641 630 663 532
ICBC* 271 130 32 28 8,469 4,643
BOT 64 63 43 42 1,488 1,500
15,712 12,577 18,429 16,580
Number of staff Cost per staff Staff cost
Rupees in thousand Numbers Rupees in millions

Staff cost includes salaries,
allowances, etc., staff retirement
benefits.
Staff Costs
benefits.
benefits.
* Comparative figures of 2011 include the effect of only five months.

Islamic Banks

2012 2011 2012 2011 2012 2011
Meezan 3,390 2,932 5,953 4,900 569 488
Islami 968 843 1,648 1,452 587 481
Albaraka 838 761 1,293 1,238 648 452
DIB 1,114 918 1,739 1,400 641 913
Burj 645 388 1,529 820 422 544
6,955 5,842 12,162 9,810

benefits.


Remuneration of Executi ves
Large Banks
2012 2011 2012 2011 2012 2011
HBL* 37,868 25,766 5,260,598 4,196,926 2,688 2,187
NBP 49,833 77,527 4,386,428 3,316,968 1,509 1,232
UBL* 97,924 84,000 5,919,551 5,178,362 1,583 1,485
MCB 83,158 42,914 2,528,935 2,421,803 821 906
ABL 64,570 57,139 2,889,470 2,644,698 1,241 1,114
BAF 82,133 134,612 3,007,831 2,816,915 1,071 993
415,486 421,958 23,992,813 20,575,672 8,913 7,917
CEO Remuneration Remuneration of Executives Number of Executives
Rupees in thousands Numbers

Medium Size Banks
2012 2011 2012 2011 2012 2011
BAH 25,386 22,564 1,758,093 1,448,801 781 639
SCB 143,531 106,486 2,519,495 2,855,264 907 915
Askari 34,138 25,248 1,558,224 1,114,153 530 542
BOP 33,654 22,800 528,168 366,367 320 217
Faysal 71,576 76,061 1,986,325 2,082,726 741 770
HMB 68,428 52,450 2,148,211 370,920 835 218
Meezan 99,969 93,387 980,587 764,351 365 294
NIB 74,524 67,568 1,158,967 1,012,406 611 526
Soneri 54,644 38,025 573,165 286,399 302 194
Summit 24,000 19,819 642,088 515,751 284 285
629,850 524,408 13,853,323 10,817,138 5,676 4,600
CEO Remuneration Remuneration of Executives Number of Executives

Small Banks
2012 2011 2012 2011 2012 2011
Sindh 44,487 25,649 246,695 108,725 92 39
KASB 62,040 20,467 809,450 664,598 398 404
Silk 71,524 58,579 1,206,661 1,059,638 382 341
Citibank 64,419 48,131 922,194 803,826 257 296
JS 32,794 18,866 659,205 455,929 286 221
BOK 10,106 8,402 140,584 133,819 50 52
Islami 18,207 20,009 228,322 198,388 114 106
Albaraka 34,277 27,064 394,748 365,477 208 214
DIB 28,634 16,697 467,458 382,863 186 170
HSBC 59,502 55,567 423,264 331,641 113 123
Barclays* 45,307 40,374 451,646 494,382 189 194
Burj 48,550 27,487 366,617 203,789 240 140
SAMBA 33,274 31,945 347,845 351,969 140 141
DB* 30,206 28,419 191,325 170,814 63 62
FWB 16,745 12,911 132,533 95,632 63 55
ICBC** 27,926 15,001 191,642 83,692 19 18
BOT 10,008 8,632 18,198 24,224 5 7
638,006 464,200 7,198,387 5,929,406 2,805 2,583
Numbers
Remuneration of Executives CEO Remuneration
Rupees in thousands
Number of Executives

Remuneration of executives


Islamic Banks

2012 2011 2012 2011 2012 2011
Meezan 99,969 93,387 980,587 764,351 365 294
Islami 18,207 20,009 228,322 198,388 114 106
Albaraka 34,277 27,064 394,748 365,477 208 214
DIB 28,634 16,697 467,458 382,863 186 170
Burj 48,550 27,487 366,617 203,789 240 140
229,637 184,644 2,437,732 1,914,868 1,113 924
Number of Executives
CEO Remuneration Remuneration of Executives


* Certain benefits of Chief Executive Officer have been di sclosed in aggregate
along with benefits of executives by these banks.
** Comparative figures of 2011 includes the effect of only five months.

Small Banks

Total loans and advances of banks under review have increased by
13.2% (2011: 2.6%) to Rs. 3,781 billion at 31 December 2012 (2011:
Rs. 3,342 billion). The growth of various categories of banks was as
follows:
2012 2011
Large Banks 14.9% 0.0%
Medium Size Banks 11.0% 1.4%
Small Banks 9.3% 29.2%
Islamic Banks 21.2% 17.0%
Growth in Loans and Advances
Large Banks
2011-12 2010-11 2012 2011 2010
HBL 9.3 (0.5) 499,818 457,368 459,750
NBP 25.2 10.3 661,345 528,122 478,887
UBL 13.1 (0.1) 385,834 341,140 341,510
MCB 6.2 (11.3) 239,789 225,795 254,565
ABL 10.9 (3.4) 271,116 244,440 253,103
BAF 17.9 (4.2) 233,933 198,469 207,152
15 0 2,291,835 1,995,334 1,994,967
Annual increase Advances
Rupees in millions In percentages

4.3
17.5
6.3
(2.9)
3.5
6.3
HBL
NBP
UBL
MCB
ABL
BAF
In percentages

Annualised Increase (2010 12)
Loans and Advances


Medium Size Banks

2011-12 2010-11 2012 2011 2010
BAH 28.7 (8.7) 147,860 114,863 125,773
SCB 5.5 (5.1) 144,918 137,309 144,722
Askari (4.6) (1.4) 143,728 150,713 152,784
BOP 17.7 5.2 149,566 127,108 120,818
Faysal 16.3 10.8 172,299 148,162 133,707
HMB (2.5) (8.5) 106,911 109,657 119,828
Meezan 26.0 16.8 88,678 70,377 60,265
NIB 17.6 (18.4) 71,586 60,862 74,584
Soneri 17.6 19.5 76,825 65,340 54,676
Summit (6.2) 44.4 52,549 56,000 38,771
11.0 1.4 1,154,920 1,040,391 1,025,928
In percentages Rupees in millions

8.4
0.1
(3.0)
11.3
13.5
(5.5)
21.3
(2.0)
18.5
16.4
BAH
SCB
Askari
BOP
Faysal
HMB
Meezan
NIB
Soneri
Summit
In percentages



Small Banks
2011-12 2010-11 2012 2011 2010
Sindh 165.6 Nil 19,282 7,259 Nil
KASB 5.8 Nil 31,090 29,387 Nil
Silk (1.9) 12.6 49,000 49,936 44,354
Citibank (3.0) (2.2) 18,256 18,820 19,244
JS 10.4 29.0 19,909 18,030 13,978
BOK 19.8 22.2 26,693 22,288 18,238
Islami 11.2 26.1 27,433 24,665 19,566
Albaraka (1.3) 5.4 28,782 29,155 27,653
DIB 10.2 4.0 26,315 23,889 22,980
HSBC (15.4) (6.5) 17,586 20,794 22,242
Barclays (15.5) 20.4 17,744 20,998 17,437
Burj 88.0 83.1 23,371 12,431 6,788
SAMBA (2.4) 30.4 15,445 15,831 12,138
DB 33.2 (8.0) 3,980 2,987 3,246
FWB 8.2 22.1 8,335 7,701 6,308
ICBC 119.2 Nil 57 26 Nil
BOT (26.9) (25.7) 1,619 2,215 2,981
9.3 29.2 334,897 306,412 237,153
Advances Annual increase

-00
-00
5.1
(2.6)
19.3
21.0
18.4
2.0
7.0
(11.1)
0.9
85.6
12.8
10.7
14.9
-00
(26.3)
Sindh
KASB
Silk
Citibank
JS
BOK
Islami
Albaraka
DIB
HSBC
Barclays
Burj
SAMBA
DB
FWB
ICBC
BOT
In percentages



Islamic Banks
2011-12 2010-11 2012 2011 2010
Meezan 26.0 16.8 88,678 70,377 60,265
Islami 11.2 26.1 27,433 24,665 19,566
Albaraka (1.3) 5.4 28,782 29,155 27,653
DIB 10.2 4.0 26,315 23,889 22,980
Burj 88.0 83.1 23,371 12,431 6,788
21.2 17.0 194,579 160,517 137,252

21.3
18.4
2.0
7.0
85.6
Meezan
Islami
Albaraka
DIB
Burj
In percentages



Market Share of Loans and Advances
2012 2011 2012 2011
NBP 18 16 661,345 528,122
HBL 13 14 499,818 457,368
UBL 10 10 385,834 341,140
ABL 7 7 271,116 244,440
MCB 6 7 239,789 225,795
BAF 6 6 233,933 198,469
Faysal 5 4 172,299 148,162
BAH 4 3 147,860 114,863
SCB 4 4 144,918 137,309
Askari 4 5 143,728 150,713
BOP 4 4 149,566 127,108
HMB 3 3 106,911 109,657
Less than 3% 16 16 601,163 546,562
100 100 3,758,280 3,329,704


Banks with less than 3% market share

2012 2011 2012 2011
Meezan 2.36 2.11 88,678 70,377
Soneri 2.04 1.96 76,825 65,340
NIB 1.90 1.83 71,586 60,862
Summit 1.40 1.68 52,549 56,000
Silk 1.30 1.50 49,000 49,936
KASB 0.83 0.88 31,090 29,387
Albaraka 0.77 0.88 28,782 29,155
Islami 0.73 0.74 27,433 24,665
BOK 0.71 0.67 26,693 22,288
DIB 0.70 0.72 26,315 23,889
JS 0.53 0.54 19,909 18,030
Sindh 0.51 0.22 19,282 7,259
Citibank 0.49 0.57 18,256 18,820
HSBC 0.47 0.62 17,586 20,794
Barclays 0.47 0.63 17,744 20,998
SAMBA 0.41 0.48 15,445 15,831
FWB 0.22 0.23 8,335 7,701
DB 0.11 0.09 3,980 2,987
BOT 0.04 0.07 1,619 2,215
ICBC 0.00 0.09 57 26.42
16.0 16.5 601,163.2 546,561.8


The total average advances to total average deposits ratio of banks
included in this survey has decreased to 48.6% from 52.4% in 2011
due to growth rate of deposit being higher than growth rate of
advances.
Large Banks
2012 2011 2010 2012 2011 2010
HBL 476,897 433,206 431,797 1,214,964 933,632 747,375
NBP 649,773 516,760 469,794 1,038,095 927,411 832,134
UBL 368,984 323,783 321,427 755,264 633,889 567,611
MCB 226,235 212,695 242,520 544,988 491,147 431,295
ABL 252,584 226,500 234,595 514,702 399,561 371,281
BAF 222,334 188,824 197,351 457,119 401,248 354,011
2,196,807 1,901,768 1,897,484 4,525,132 3,786,888 3,303,707
Deposits
Rupees in millions
Advances*

4
2
.
4
5
9
.
44
9
.
9
4
2
.
4
5
2
.
4
4
7
.
9
5
1
.
5
5
6
.
1
5
3
.
7
4
9
.
3
5
9
.
8
5
1
.
1
In percentages
2012 2011

* 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.
Average advances to average
deposits ratio
Liquidity (Average Advances to Average Deposits)


Medium Size Banks
2012 2011 2010 2012 2011 2010
BAH 130,288 99,363 105,693 340,387 302,097 249,761
SCB 128,039 119,863 130,446 266,599 235,875 220,188
Askari 135,963 141,474 140,359 306,930 291,499 255,908
BOP 142,505 120,991 114,376 266,056 237,897 208,177
Faysal 153,915 131,899 117,066 240,713 214,615 195,315
HMB 86,201 86,474 91,397 217,671 185,281 160,314
Meezan 82,713 64,347 55,586 230,426 170,030 131,070
NIB 61,570 51,124 61,682 91,094 85,472 99,112
Soneri 68,059 56,879 46,822 120,831 99,734 82,017
Summit 49,266 51,586 55,720 96,815 89,665 91,017
1,038,519 924,000 919,147 2,177,522 1,912,165 1,692,879
Advances* Deposits
Rupees in millions

3
5
.
7
4
9
.
3
4
6
.
4
5
2
.
3
6
2
.
8
4
2
.
9
3
6
.
7
6
3
.
8
5
6
.
6
5
4
.
1
3
7
.
2
5
4
.
9
5
1
.
5
5
2
.
8
6
0
.
7
5
1
.
53
9
.
8
6
1
.
1
5
7
.
1
5
9
.
4
B
A
H
S
C
B
A
s
k
a
r
i
B
O
P
F
a
y
s
a
l
H
M
B
M
e
e
z
a
n
N
I
B
S
o
n
e
r
i
S
u
m
m
i
t
In percentages
2012 2011

deposits ratio


Small Banks
2012 2011 2010 2012 2011 2010
Sindh 18,308 7,059 Nil 31,470 23,518 Nil
KASB 28,269 26,262 Nil 62,600 61,994 Nil
Silk 45,734 46,086 40,724 69,050 64,072 55,706
Citibank 18,230 17,705 17,789 64,294 61,679 68,305
JS 18,886 16,782 12,741 61,935 40,174 26,276
BOK 25,595 21,296 17,621 60,043 45,548 36,981
Islami 26,812 23,865 19,213 64,216 50,569 38,198
Albaraka 26,791 27,419 24,896 63,279 61,559 49,324
DIB 24,715 22,341 22,030 53,110 38,492 31,415
HSBC 16,892 20,298 21,285 38,957 46,171 46,461
Barclays 13,330 20,998 13,154 29,958 44,665 32,302
Burj 22,381 12,209 6,501 35,922 20,341 12,636
SAMBA 12,990 13,417 10,984 22,754 17,669 14,872
DB 3,680 2,814 2,803 18,354 11,119 6,066
FWB 8,261 7,650 6,223 19,193 13,815 10,195
ICBC 57 26 Nil 4,168 1,524 Nil
BOT 1,619 2,140 2,931 2,402 1,992 2,350
312,550 288,367 218,895 701,705 604,901 431,087
Advances* Deposits
Rupees in millions

4
6
.
1
4
3
.
8
6
9
.
0
2
8
.
5
3
4
.
9
4
4
.
4
4
4
.
1
4
3
.
4
5
1
.
4
4
3
.
7
4
6
.
0
6
1
.
5
6
5
.
3
2
2
.
0
4
8
.
2
1
.
5
8
5
.
6
3
0
.
0
4
2
.
4
7
2
.
5
2
7
.
3
4
4
.
4
4
7
.
2
4
8
.
5
4
7
.
2
6
3
.
5
4
4
.
9
4
4
.
4
5
6
.
7
7
5
.
0
3
2
.
7
5
7
.
8
1
.
7
1
1
6
.
8
S
i
n
d
h
K
A
S
B
S
i
l
k
C
i
t
i
b
a
n
k
J
S
B
O
K
I
s
l
a
m
i
A
l
b
a
r
a
k
a
D
I
B
H
S
B
C
B
a
r
c
l
a
y
s
B
u
r
j

S
A
M
B
A
D
B
F
W
B
I
C
B
C
B
O
T
In percentages
2012 2011

deposits ratio


Islamic Banks
2012 2011 2010 2012 2011 2010
Meezan 82,713 64,347 55,586 230,426 170,030 131,070
Islami 26,812 23,865 19,213 64,216 50,569 38,198
Albaraka 26,791 27,419 24,896 63,279 61,559 49,324
DIB 24,715 22,341 22,030 53,110 38,492 31,415
Burj 22,381 12,209 6,501 35,922 20,341 12,636
183,412 150,181 128,226 446,953 340,991 262,643
Advances*
Rupees in millions
Deposits

3
6
.
7
4
4
.
1
4
3
.
4
5
1
.
4
6
1
.
5
3
9
.
8
4
8
.
5
4
7
.
2
6
3
.
5
5
6
.
7
In percentages
2012 2011

deposits ratio


Deposits for banks included in this survey increased by 17.5% to Rs.
7,404 billion at 31 December 2012 compared to Rs. 6,305 billion at 31
December 2011.
Growth in Deposi ts
Large Banks
2011-12 2010-11 2012 2011 2010
HBL 30.1 24.9 1,214,964 933,632 747,375
NBP 11.9 11.4 1,038,095 927,411 832,134
UBL 19.1 11.7 755,264 633,889 567,611
MCB 11.0 13.9 544,988 491,147 431,295
ABL 28.8 7.6 514,702 399,561 371,281
BAF 13.9 13.3 457,119 401,248 354,011
19.5 14.6 4,525,132 3,786,888 3,303,707
Annual Increase Deposits

79.1
49.8
57.5
51.3
62.2
54.0
HBL
NBP
UBL
MCB
ABL
BAF
In percentages

Deposits


Medium Size Banks
2011-12 2010-11 2012 2011 2010
BAH 12.7 21.0 340,387 302,097 249,761
SCB 13.0 7.1 266,599 235,875 220,188
Askari 5.3 13.9 306,930 291,499 255,908
BOP 11.8 14.3 266,056 237,897 208,177
Faysal 12.2 9.9 240,713 214,615 195,315
HMB 17.5 15.6 217,671 185,281 160,314
Meezan 35.5 29.7 230,426 170,030 131,070
NIB 6.6 (13.8) 91,094 85,472 99,112
Soneri 21.2 21.6 120,831 99,734 82,017
Summit 8.0 45.7 96,815 89,665 61,537
13.9 15.0 2,177,522 1,912,165 1,663,399
Annual Increase Deposits

16.7
10.0
9.5
13.0
11.0
16.5
32.6
(4.1)
21.4
25.4
BAH
SCB
Askari
BOP
Faysal
HMB
Meezan
NIB
Soneri
Summit
In percentages



Small Banks
2011-12 2010-11 2012 2011 2010
Sindh 33.8 Nil 31,470 23,518 Nil
KASB 1.0 Nil 62,600 61,994 Nil
Silk 7.8 15.0 69,050 64,072 55,706
Citibank 4.2 (9.7) 64,294 61,679 68,305
JS 54.2 52.9 61,935 40,174 26,276
BOK 31.8 23.2 60,043 45,548 36,981
Islami 27.0 32.4 64,216 50,569 38,198
Albaraka 2.8 24.8 63,279 61,559 49,324
DIB 38.0 22.5 53,110 38,492 31,415
HSBC (15.6) (0.6) 38,957 46,171 46,461
Barclays (32.9) 38.3 29,958 44,665 32,302
Burj 76.6 61.0 35,922 20,341 12,636
SAMBA 28.8 18.8 22,754 17,669 14,872
DB 65.1 83.3 18,354 11,119 6,066
FWB 38.9 35.5 19,193 13,815 10,195
ICBC 173.5 Nil 4,168 1,524 Nil
BOT 20.6 (15.2) 2,402 1,992 2,350
16.0 40.3 701,705 604,901 431,087
Rupees in millions
Deposits Annual Increase
In percentages

-00
-00
11.3
(3.0)
53.5
27.4
29.7
13.3
30.0
(8.4)
(3.7)
68.6
23.7
73.9
37.2
-00
1.1
Sindh
KASB
Silk
Citibank
JS
BOK
Islami
Albaraka
DIB
HSBC
Barclays
Burj
SAMBA
DB
FWB
ICBC
BOT
In percentages



Islamic Banks

2011-12 2010-11 2012 2011 2010
Meezan 35.5 29.7 230,426 170,030 131,070
Islami 27.0 32.4 64,216 50,569 38,198
Albaraka 2.8 24.8 63,279 61,559 49,324
DIB 38.0 22.5 53,110 38,492 31,415
Burj 76.6 61.0 35,922 20,341 12,636
31.1 29.8 446,953 340,991 262,643
Deposits Annual Increase

32.6
29.7
13.3
30.0
68.6
Meezan
Islami
Albaraka
DIB
Burj
In percentages


Market Share of Customer Deposits

2012 2011 2012 2011
HBL 17 15 1,194,841 915,813
NBP 12 13 874,575 785,362
UBL 10 10 737,065 619,339
MCB 8 8 536,202 482,573
ABL 7 7 509,851 398,634
BAF 6 6 423,430 371,820
BAH 5 5 334,987 295,595
SCB 4 4 265,783 235,134
Askari 4 5 296,726 289,991
BOP 4 4 262,142 232,989
Faysal 3 5 230,735 289,991
HMB 3 3 204,032 173,535
Meezan 3 3 230,167 169,484
Less than 3 % 14 14 977,426 846,087
100 100 7,077,961 6,106,347

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


Banks with less than 3% market share
2012 2011 2012 2011
Soneri 1.70 1.62 120,580 99,184
NIB 1.23 1.39 86,969 84,620
Summit 1.25 1.22 88,623 74,409
Silk 0.96 1.02 67,869 62,213
Citibank 0.88 0.98 62,408 59,777
Islami 0.89 0.80 62,717 48,997
KASB 0.88 1.01 62,600 61,642
BOK 0.85 0.73 59,974 44,658
Albaraka 0.82 0.94 58,065 57,345
JS 0.78 0.61 55,291 37,045
DIB 0.75 0.63 53,009 38,473
HSBC 0.54 0.74 38,072 45,269
Burj 0.48 0.31 33,900 18,953
Sindh 0.44 0.38 31,328 23,453
Barclays 0.42 0.73 29,936 44,625
SAMBA 0.31 0.28 21,994 17,242
FWB 0.27 0.23 19,192 13,813
DB 0.26 0.18 18,346 11,111
ICBC 0.06 0.04 4,168 1,524
BOT 0.03 0.03 2,385 1,734
13.81 13.88 977,426 846,087

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


Large Banks
Banks 2012 2011
Percentage
Habib Bank Limited
66.6 68.7
National Bank of Pakistan
70.0 65.2
United Bank Limited
65.6 67.8
MCB Bank Limited
83.4 79.4
Allied Bank Limited
68.4 72.3
Bank Alfalah Limited
69.1 66.3
Medium Size Banks
Banks 2012 2011
Percentage
Bank Al-Habib Limited
70.3 58.1
Standard Chartered Bank (Pakistan) Limited
88.0 83.6
Askari Bank Limited
71.4 67.8
Bank of Punjab
56.0 52.8
Faysal Bank Limited
56.7 49.2
Habib Metropolitan Bank Limited
49.9 48.3
Meezan Bank Limited
65.5 64.8
NIB Bank Limited
67.6 60.3
Soneri Bank Limited
66.4 60.1
Summit bank Limited
52.3 42.4

Small Banks
Banks 2012 2011
Percentage
Sindh Bank Limited 77.7 89.1
KASB Bank Limited
75.0 63.2
Silkbank Limited
48.7 47.4
Citibank N.A (Pakistan Branches)
74.5 58.9
JS Bank Limited
55.6 56.7
The Bank of Khyber
50.6 45.2
BankIslami Pakistan Limited
50.4 48.3
Albaraka Bank (Pakistan) Limited
47.8 45.4
Dubai Islamic Bank (Pakistan) Limited 58.7 53.8
HSBC Bank Middle East Limited
61.9 54.4

Current and Saving Deposits to Total Deposits (CASA)


Banks 2012 2011
Percentage
Barclays Bank PLC (Pakistan Branches)
69.5 53.1
Burj Bank Limited
48.9 44.4
Samba Bank Limited
49.0 49.6
Deutsche Bank AG (Pakistan Branches)
45.4 39.5
First Women Bank Limited
58.7 62.4
Industrial and Commercial Bank of China
Limited (Pakistan Branches)
29.5 1.4
Bank of Tokyo Mitsubishi UFJ, Limited
(Karachi Branch)
24.0 27.7



Large Banks

Earnings / (loss) per
share
Banks 2012 2011
Rupees per share
Habib Bank Limited 18.36 18.30
National Bank of Pakistan 9.13 9.58
United Bank Limited 15.71 12.13
MCB Bank Limited 23.00 20.95
Allied Bank Limited 12.56 10.84
Bank Alfalah Limited 3.38 2.60
Medium Size Banks

share
Banks 2012 2011
Rupees per share
Bank Al-Habib Limited 5.46 4.49
Standard Chartered Bank (Pakistan) Limited 1.54 1.41
Askari Bank Limited 1.54 2.00
Bank of Punjab 3.30 0.56
Faysal Bank Limited 1.53 1.38
Habib Metropolitan Bank Limited 3.24 3.14
Meezan Bank Limited 3.88 3.75
NIB Bank Limited 0.02 (0.34)
Soneri Bank Limited 1.10 0.78
Summit Bank (2.52) (1.17)

Small Banks

share
Banks 2012 2011
Rupees per share
Sindh Bank Limited 0.89 0.75
KASB Bank Limited (0.41) (2.5)
Silkbank Limited (0.13) 0.26
JS Bank Limited 0.71 0.42
The Bank of Khyber 1.19 1.29
BankIslami Pakistan Limited 0.78 0.78
AlBaraka Bank (Pakistan) Limited (0.72) 0.46
Dubai Islamic Bank (Pakistan) Limited 0.51 0.28
Burj Bank Limited 0.11 (0.46)
Samba Bank Limited 0.21 0.16
First Women Bank Limited 0.33 3.11

Earning Per Share




Large Banks
Banks Rating
Agency
Credit Rati ng
Assi gned
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 A1+ AA
Medium Size Banks
Banks Rating
Agency
Credit Rati ng
Assi gned
Short
Term
Long
Term
Bank Al-Habib Limited PACRA A1+ AA+
Standard Chartered Bank
(Pakistan) Limited PACRA A1+ AAA
Askari Bank Limited PACRA A1+ 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-2 A-

Credit Ratings


Small Banks
Banks Rating
Agency
Credit Rati ng
Assi gned
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 A1
JS Bank Limited PACRA A1 A+
The Bank of Khyber JCR-VIS A-1 A
PACRA A A1
BankIslami Pakistan Limited PACRA A1 A
Al-Baraka Bank (Pakistan)
Limited
PACRA A1 A
JCR-VIS A-1 A
Dubai Islamic Bank
(Pakistan) Limited JCR-VIS A-1 A
HSBC Bank Middle East
Limited
Moody's P-1 A1
Fitch F1+ AA-
Barclays Bank PLC (Pakistan
Branches)
Standard
& Poors A-1 A
Moodys P-1 Aa3
Fitch F1 A
Burj Bank Limited JCR-VIS A-1 A
Samba Bank Limited JCR-VIS A-1 AA-
Deutsche Bank AG (Pakistan
Branches)
Standards
& Poor's A-1 A
Moodys P-1 Aa3
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 (Karachi
Branches)
Standard
& Poors A-1 A+
Moodys P-1 Aa3
Fitch F1 A


Large Banks
Banks Legend Number of
Branches *
2012 2011
Habib Bank Limited HBL 1,540 1,506
National Bank of Pakistan NBP 1,313 1,300
United Bank Limited UBL 1,296 1,235
MCB Bank Limited MCB 1,187 1,173
Allied Bank Limited ABL 875 837
Bank Alfalah Limited BAF 471 406
6,682 6,457

Medium Size Banks
Branches *
2012 2011
Bank Al-Habib Limited BAH 392 353
Standard Chartered Bank (Pakistan)
Limited SCB 130 143
Askari Bank Limited Askari 261 245
Bank of Punjab BOP 306 284
Faysal Bank Limited Faysal 265 257
Habib Metropolitan Bank Limited HMB 143 138
Meezan Bank Limited Meezan 310 275
NIB Bank Limited NIB 179 179
Soneri Bank Limited Soneri 233 214
Summit Bank Summit 186 165
2,405 2,253

Small Banks
Branches *
2012 2011
Sindh Bank Sindh 160 50
KASB Bank Limited KASB 105 104
Silkbank Limited Silk 85 85
Citibank N.A (Pakistan Branches) Citi 7 16
JS Bank Limited JS 185 147
The Bank of Khyber BOK 77 62
BankIslami Pakistan Limited Islami 141 102
Al-Baraka Bank (Pakistan) Limited Albaraka 94 89
Dubai Islamic Bank (Pakistan) Limited DIB 100 75
HSBC Bank Middle East Limited HSBC 10 11
Barclays Bank PLC (Pakistan
Branches) Barclays 7 15
Burj Bank Limited Burj 75 50
Samba Bank Limited SAMBA 28 28
Deutsche Bank AG (Pakistan Branches) DB 3 3
First Women Bank Limited FWB 41 38
Industrial and Commercial Bank of
China Limited ICBC 2 2
Bank of Tokyo-Mitsubishi UFJ Limited
(Karachi Branches) BOT 1 1
1,121 878

Number of Branches and Legend
* As at 31 December

.


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 Deposi ts The average of opening and closing
deposits at two year ends is taken.
Average Earni ng
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 2012) - 1
Figure (year 2010)
Average Payi ng 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.
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.

Definitions


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 is covered by net
profit 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.
Net Interest Income
Ratio
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.
Operati ng Cost Includes all expenses charged to arrive at
profit before tax excluding cost of funds
and provisions.
Operati ng 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.
Provisions Total of specific and general provisions
against gross advances.
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.


Remuneration per
Executi ve
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 mark-
up/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.


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.
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 or
trademarks of KPMG International.
Offices in Pakistan
Karachi Office
Sheikh Sultan Trust Building
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Karachi 75300
Phone +92 (21) 3568 5847
Fax +92 (21) 3568 5095
eMail pk-fmkarachi@kpmg.com
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Lahore
Phone +92 (42) 3585 0471-76
Fax +92 (42) 3585 0477
eMail pk-fmlahore@kpmg.com
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Blue Area
Islamabad
Phone +92 (51) 282 3558
Fax +92 (51) 282 2671
eMail pk-fmislamabad@kpmg.com
An Economic & Budget Commentary
www.kpmg.com.pk

BankingSurvey2012 KPMG

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