Banking Survey 2014

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cutting through complexity
KPMG Taseer Hadi & Co.

Chartered Accountants
Banking Survey 2014

Commercial Banks Operating in Pakistan
BANKING & FINANCE
Banking Survey 2014

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
2014.
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. 600 billion.
II.
Medium size Banks: Total assets in excess of Rs. 125 billion but less than Rs.
600 billion.
III.
Small Banks: Total assets less than Rs. 125 billion.
IV.
Islamic Banks: All banks carrying out Islamic banking activities only.
Islamic Banks have been presented as a separate category and included in their
respective category of Medium and Small Banks based on total assets threshold.
The information contained in this survey has been obtained from the published
consolidated financial statements of the banks, statistical bulletins published by State
Bank of Pakistan (SBP) and information published in business magazines and
newspapers. Where consolidated financial statements were required and were not
available, standalone financial statements have been used.
Reference should be made to the published financial statements of the banks and
definitions included in this survey to enhance the understanding of ratios and analysis of
performance of a particular bank.
The financial statements of Burj Bank Limited and KASB Bank Limited were not
published till the date of our publication, and accordingly not included in this survey.
Comparative figures of 2013 as reported in our Banking Survey 2013 have been updated
to correspond with comparative figures reported in 2014 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 pk-fmkarachi@kpmg.com
Dated: 8 May 2015

Karachi
2015
KPMG
Taseer
Hadi
& Co.,
a Partnership
firmfirm
registered
in Pakistan
andand
a member
firmfirm
of the
KPMG
network
of independent
2015
KPMG
Taseer
Hadi
& Co.,
a Partnership
registered
in Pakistan
a member
of the
KPMG
network
of independent
member
firms
affiliated
withwith
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
All rights
reserved.
member
firms
affiliated
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
All rights
reserved.

2015
KPMG
Taseer
Hadi
&&
Co.,
a Partnership
firm
registered
in in
Pakistan
and
a member
firm
ofof
the
KPMG
network
ofof
independent
2015
KPMG
Taseer
Hadi
Co.,
a Partnership
firm
registered
Pakistan
and
a member
firm
the
KPMG
network
independent
member
firms
affiliated
with
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
AllAll
rights
reserved.
member
firms
affiliated
with
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
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
Customer Deposits...........................................................33
Credit Ratings ...................................................................39
Number of Branches and Legend ...................................41
Definitions ........................................................................43
2015 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.
2015
KPMG
Taseer
Hadi
Co.,
a Partnership
firm
registered
Pakistan
and
a member
firm
the
KPMG
network
independent
2015
KPMG
Taseer
Hadi
&&
Co.,
a Partnership
firm
registered
in in
Pakistan
and
a member
firm
ofof
the
KPMG
network
ofof
independent
member
firms
affiliated
with
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
rights
reserved.
member
firms
affiliated
with
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
AllAll
rights
reserved.
Banking Survey 2014
At a Glance
Large Banks
HBL
NBP
UBL
MCB
ABL
BAF
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
1
2
1
1
2
1
2
1
4
2
1
7
3
3
3
3
4
3
4
4
2
4
3
2
5
5
5
5
5
5
6
7
8
6
7
8
Profit before tax

(Rupees in millions)
48,515
36,133
23,136
7,029
35,616
28,965
37,354
32,932
22,433
14,931
8,514
6,807
Net Interest Margin
2.7%
2.4%
1.6%
2.3%
3.0%
2.7%
3.3%
3.5%
2.3%
2.0%
1.5%
1.6%
5.1
4.7
5.5
6.0
5.1
5.3
5.9
6.3
5.7
5.4
5.3
5.2
Return on Average Equity
31.0%
26.3%
13.5%
4.6%
28.6%
27.2%
29.7%
29.7%
30.3%
25.1%
22.2%
22.0%
Return on Average Assets
2.7%
2.2%
1.6%
0.5%
3.1%
2.8%
4.2%
4.1%
2.8%
2.2%
1.3%
1.2%
Operating Cost to Net

Interest Income Ratio
61.6%
66.4%
97.7%
98.4%
69.7%
75.0%
50.6%
52.6%
62.8%
74.3%
95.2%
102.5%
Net provision/(reversal)
1,493
1,400
9,303
19,568
1,336
1,594
(1,450)
(2,836)
1,220
580
1,572
1,056
Impairment cover
(Times)
33.5
26.8
3.5
1.4
27.7
19.2
19.4
26.7
6.4
7.4
12.0%
12.7%
16.6%
13.5%
11.1%
11.9%
6.8%
8.7%
7.0%
6.8%
6.4%
6.6%
Ranking
By total assets
By net assets
By profit before tax
Spread
Non Performing Advances

to gross loans
Total Assets
1,867,003 1,715,271 1,549,659 1,372,249 1,182,453 1,083,633
941,606
821,278
843,098
734,762
743,128
611,428
Net Assets
170,103
142,434
182,593
160,664
137,505
111,273
136,269
115,463
81,565
66,686
44,819
31,902
Capital Adequacy Ratio
16.2%
15.4%
18.2%
16.1%
14.3%
13.3%
20.4%
22.2%
19.9%
18.0%
12.8%
12.1%
CASA
77.8%
73.2%
71.6%
69.1%
69.2%
65.8%
89.3%
88.5%
72.4%
67.7%
68.0%
68.7%
EPS
21.63
15.59
7.56
2.48
19.32
15.75
22.15
19.65
13.28
12.91
4.09
3.41
Market Price
216.26
166.63
69.46
58.06
176.71
132.55
305.65
281.17
113.58
90.00
34.88
27.04
Market Capitalization
(Rupees in million)
317,221
222,201
147,777
123,523
216,325
162,265
340,198
284,501
130,057
93,688
55,363
36,481
Banking Survey 2014
Medium Size Banks

BAH
Askari
2014
2013
Meezan
2014
2013
2014
2013
7
9
7
7
9
6
8
11
11
9
11
32
9
12
10
Profit before tax

10,003
7,553
5,869
(8,323)
Net Interest Margin
2.1%
1.5%
1.8%
3.8
3.5
34.1%
BOP
SCB
HMB
2014
2013
2014
2013
2014
2013
12
12
9
10
13
13
11
14
11
11
6
6
8
6
4
12
8
9
13
8
10
6,899
5,647
4,361
2,978
15,368
16,368
7,336
5,117
1.8%
2.1%
2.6%
2.9%
2.0%
3.5%
3.3%
1.2%
1.8%
5.1
4.1
3.8
3.6
2.5
2.2
8.2
8.2
2.7
4.1
30.4%
27.3%
-43.0%
32.2%
31.8%
26.6%
23.1%
25.9%
29.1%
23.4%
18.2%
1.9%
1.7%
1.4%
-2.2%
1.8%
1.9%
1.1%
0.9%
3.7%
4.1%
2.1%
1.7%

65.3%
71.7%
94.8%
112.9%
80.5%
79.0%
69.3%
131.6%
60.5%
49.2%
70.1%
73.5%
558
480
322
11,011
467
93
1,196
(651)
483
(925)
1,779
2,109
Impairment cover
(Times)
18.9
16.7
19.2
0.2
15.8
61.5
4.6
32.8
5.1
3.4

to gross loans
2.7%
2.1%
15.6%
17.2%
3.8%
3.6%
28.2%
32.8%
15.4%
14.8%
12.9%
11.8%
Total Assets
579,310
461,022
447,612
395,097
437,406
329,725
420,400
352,674
419,723
405,330
397,675
311,396
Net Assets
33,027
25,581
24,026
18,972
23,878
18,913
19,357
13,457
61,900
56,952
34,769
27,985
15.0%
14.5%
13.2%
10.5%
11.9%
12.3%
10.2%
9.0%
18.9%
16.9%
17.4%
16.3%
CASA
74.5%
75.1%
75.5%
72.6%
70.3%
65.8%
61.7%
55.8%
92.0%
90.7%
56.8%
56.5%
EPS
5.79
4.67
3.25
(6.20)
4.56
3.95
1.97
2.31
2.49
2.73
4.72
3.37
Market Price
48.55
41.55
23.07
14.00
47.00
39.38
10.95
11.02
23.60
24.90
37.30
25.07
(Rupees in million)
53,960
41,982
29,074
17,644
47,129
39,488
17,028
11,627
91,369
96,402
39,084
26,269
Ranking
By total assets
By net assets
Spread
Banking Survey 2014
2014
Ranking
By total assets
By net assets
Faysal
2013
2014
Soneri
2013
NIB
JS
2014
2013
2014
2013
Summit
2014
2013
2014
BOK
2013
13
10
14
10
10
13
14
14
16
15
15
16
15
15
30
14
13
14
16
16
15
17
18
17
17
19
27
16
29
30
18
17
17
18
16
15
Profit before tax

3,552
2,161
2,442
1,530
(108)
2,112
2,589
1,078
36
(1,386)
1,901
1,669
Net Interest Margin
2.7%
2.3%
2.5%
2.0%
1.7%
1.7%
1.9%
1.6%
1.3%
0.5%
1.8%
1.9%
6.5
6.1
3.5
3.5
4.6
4.6
5.3
5.0
4.4
3.7
2.5
3.4
14.7%
10.0%
16.1%
11.9%
-0.7%
14.0%
18.8%
9.7%
0.5%
-43.6%
13.8%
13.7%
1.0%
0.6%
1.3%
0.9%
-0.1%
-2.2%
1.8%
1.1%
0.0%
-1.1%
1.6%
1.8%

88.9%
102.4%
94.5%
102.8%
170.9%
171.0%
188.7%
152.3%
207.0%
567.6%
80.5%
77.5%
2,359
2,116
549
735
1,527
(629)
421
264
563
(836)
235
82
2.5
2.0
5.4
3.1
0.9
7.2
5.1
1.1
9.1
21.3

to gross loans
14.3%
13.5%
9.0%
10.0%
24.7%
28.6%
4.8%
7.8%
19.1%
27.2%
10.4%
10.1%
Total Assets
388,126
355,280
213,175
169,234
194,995
178,793
179,381
114,749
148,444
125,500
126,106
108,170
Net Assets
26,303
22,166
17,039
13,283
16,932
15,699
16,197
11,308
12,332
3,347
14,920
12,557
12.2%
11.3%
12.5%
11.9%
12.0%
11.9%
16.7%
19.0%
12.2%
4.4%
22.7%
24.0%
CASA
61.9%
61.9%
65.8%
68.8%
69.4%
66.4%
49.3%
57.9%
65.3%
67.9%
62.7%
56.2%
EPS
2.37
1.77
1.44
0.94
(0.07)
0.15
1.35
0.44
0.16
(1.51)
1.31
1.15
Market Price
18.20
11.39
12.33
10.93
2.32
2.34
7.14
4.50
4.45
2.15
9.85
7.50
(Rupees in million)
18,988
11,883
13,593
12,050
23,903
24,109
7,657
4,826
4,797
2,318
9,852
7,500
Spread
Impairment cover
(Times)
Banking Survey 2014
Small Banks
Sindh
Silk
Islami
DIB
Albaraka
2014
2013
Citibank
2014
2013
2014
2013
2014
2013
2014
2013
2014
2013
Ranking
By total assets
19
23
20
19
21
21
22
22
23
20
24
25
By net assets
18
17
22
23
25
24
23
22
26
25
21
20
18
18
25
31
22
21
20
23
24
28
12
12
Profit before tax

(Rupees in Millions)
1,612
953
131
(1,528)
470
313
926
212
217
(34)
4,603
2,886
Net Interest Margin
2.1%
1.3%
3.7%
2.4%
3.8%
2.5%
-1.7%
2.7%
2.0%
1.7%
3.7%
2.9%
5.9
6.8
6.9
5.7
6.9
5.4
5.4
6.3
4.1
3.6
2.1
4.6
12.7%
8.5%
1.7%
-25.4%
7.2%
5.3%
12.9%
3.1%
3.7%
-0.6%
48.2%
32.9%
1.6%
1.1%
0.1%
-1.7%
0.5%
0.4%
1.0%
0.3%
0.2%
0.0%
6.5%
4.0%

122.3%
105.3%
216.8%
230.2%
141.3%
101.7%
128.1%
110.9%
144.8%
145.4%
67.4%
51.0%
19
17
368
633
(21)
123
292
457
85
171
(129)
(687)
Impairment cover
(Times)
85.5
56.1
1.4
3.5
4.2
1.5
3.5
0.8

to gross loans
0.8%
0.2%
12.8%
16.1%
2.5%
2.8%
3.9%
7.1%
8.4%
13.3%
10.8%
20.8%
Total Assets
124,871
75,032
102,649
91,770
101,992
86,801
101,553
80,257
94,349
87,759
81,254
59,886
Net Assets
14,102
11,327
8,501
6,675
6,873
6,246
7,439
6,962
5,901
5,848
22.6%
24.0%
9.1%
6.9%
17.0%
15.7%
17.1%
14.6%
14.2%
12.0%
28.9%
24.1%
CASA
64.1%
64.3%
52.7%
52.7%
41.3%
52.8%
64.0%
64.3%
53.4%
49.4%
78.5%
64.8%
EPS
1.08
0.67
0.03
(0.43)
0.58
0.35
0.86
0.20
0.16
(0.05)
Market Price
2.22
2.10
9.81
6.94
(Rupees in million)
5,931
5,610
5,649
3,664
Spread
10,534
8,557
Banking Survey 2014
ICBC
Samba
2014
2013
Barclays
2014
2013
2014
2013
Ranking
By total assets
25
24
26
27
27
By net assets
28
28
20
19
24
19
22
23
24
Profit before tax

1,405
260
425
Net Interest Margin
4.8%
5.3%
4.2
DB
FWB
BOT
2014
2013
2014
2013
2014
2013
26
28
28
29
29
30
30
21
27
26
30
30
29
27
31
19
21
20
32
29
26
25
82
(281)
516
910
490
(666)
(222)
69
21
2.0%
1.6%
2.4%
1.7%
3.6%
4.1%
2.5%
2.2%
2.1%
1.1%
0.6
2.8
3.3
3.8
3.5
6.5
6.6
4.6
5.3
3.6
3.4
34.3%
7.6%
4.0%
0.9%
-4.0%
7.3%
17.4%
8.7%
-34.6%
-12.2%
1.7%
0.4%
2.0%
0.6%
0.9%
0.2%
-0.6%
1.0%
3.7%
1.7%
-3.4%
-1.0%
0.8%
0.2%

30.9%
743.3%
123.1%
116.5%
175.3%
90.0%
107.8%
103.9%
121.0%
109.7%
344.1%
237.7%
(99)
(90)
(55)
(25)
44
644
172
Impairment cover
(Times)
21.9
67.7

to gross loans
0.0%
0.0%
9.0%
11.4%
5.1%
4.8%
4.9%
7.7%
15.0%
7.9%
0.0%
0.0%
Total Assets
75,950
62,045
50,581
40,002
46,887
52,403
21,708
27,804
18,787
20,761
7,845
9,294
Net Assets
4,508
3,695
11,255
10,131
6,925
7,223
5,163
5,287
2,212
1,635
3,832
4,523
Capital Adequacy ratio
14.7%
21.9%
37.1%
46.7%
33.7%
31.7%
16.2%
18.1%
29.1%
20.1%
95.7%
128.7%
CASA
58.9%
24.9%
55.3%
57.1%
65.4%
65.7%
71.2%
61.8%
74.8%
58.2%
25.1%
16.3%
EPS
0.24
0.10
(2.75)
(1.38)
Market Price
7.00
4.72
(Rupees in million)
7,058
3,815
Spread
Banking Survey 2014
Islamic Banks
Meezan
2014
2013
Ranking
By total assets
By net assets
Islami
DIB
2014
2013
2014
2013
Albaraka
2014
2013
1
1
1
1
1
1
2
3
3
3
3
2
3
2
2
4
2
3
4
4
4
2
4
5
Profit before tax

6,899
5,647
470
313
926
212
217
(34)
Net Interest Margin
2.1%
2.6%
3.8%
2.5%
-1.7%
2.7%
2.0%
1.7%
3.8
3.6
6.9
5.4
5.4
6.3
4.1
3.6
32.2%
31.8%
7.2%
5.3%
12.9%
3.1%
3.7%
-0.6%
1.8%
1.9%
0.5%
0.4%
1.0%
0.3%
0.2%
0.0%

80.5%
79.0%
141.3%
101.7%
128.1%
110.9%
144.8%
145.4%
467
93
(21)
123
292
457
85
171
Impairment cover
(Times)
15.8
61.5
3.5
4.2
1.5
3.5
0.8

to gross loans
3.8%
3.6%
2.5%
2.8%
3.9%
7.1%
8.4%
13.3%
Total Assets
437,406
329,725
101,992
86,801
101,553
80,257
94,349
87,759
Net Assets
23,878
18,913
6,873
6,246
7,439
6,962
5,901
5,848
Capital Adequacy ratio
11.9%
12.3%
17.0%
15.7%
17.1%
14.6%
14.2%
12.0%
CASA
70.3%
65.8%
41.3%
52.8%
64.0%
64.3%
53.4%
49.4%
EPS
4.56
3.95
0.58
0.35
0.86
0.20
0.16
(0.05)
Market Price
47.00
39.38
9.81
6.94
(Rupees in million)
47,129
39,488
5,649
3,664
Spread
Banking Survey 2014
Summary of Financial Information

Large Banks
Assets
Investments
Lendings to
financial
institutions
Operating
Loans and
fixed assets &
advances - net
Other assets
intangible
of provisions
assets
Bank
Cash & bank
Total assets
HBL
202,968
924,307
34,314
595,295
27,310
82,809
1,867,003
NBP
110,791
561,768
111,794
630,230
33,354
101,724
1,549,659
UBL
97,609
519,602
23,435
467,365
33,336
41,106
1,182,453
MCB
49,818
516,898
1,418
304,001
31,584
37,888
941,606
ABL
42,126
429,397
2,030
306,058
27,271
36,216
843,098
BAF
62,847
324,319
18,313
290,597
15,740
31,311
743,128
566,159
3,276,291
191,304
2,593,546
168,595
331,054
7,126,947
Rupees in million
Liabilities and Equity
Bank
Bills payable
Borrowings
Deposits
Subordinated
loans
Other
liabilities
Equity
Total
Rupees in million
HBL
21,990
103,411
1,524,538
46,962
170,103
1,867,003
NBP
11,012
38,208
1,234,405
83,441
182,593
1,549,659
UBL
9,559
53,249
951,902
30,238
137,505
1,182,453
MCB
16,628
59,777
688,270
40,663
136,269
941,606
ABL
4,832
66,096
667,864
2,994
19,747
81,565
843,098
BAF
11,758
55,233
605,963
9,987
15,368
44,819
743,128
75,779
375,974
5,672,942
12,981
236,419
752,854
7,126,947
Income statement
Bank
Spread
Net
provisions /
(reversals)
Non-markup / Noninterest
income
Operating
income
Operating
expenses
Profit
before tax
Taxation
Other
Profit after Comprehensive
Income
tax
Rupees in million
HBL
69,087
1,493
23,512
91,105
42,590
48,515
16,695
31,820
8,518
NBP
45,152
9,303
31,400
67,249
44,113
23,136
7,065
16,071
10,206
UBL
46,914
1,336
22,751
68,328
32,712
35,616
11,592
24,025
10,779
MCB
43,641
(1,450)
14,334
59,425
22,071
37,354
12,580
24,774
10,800
ABL
28,173
1,220
13,185
40,138
17,706
22,433
7,231
15,202
6,405
BAF
21,873
1,572
9,036
29,338
20,824
8,514
2,873
5,641
3,249
254,840
13,474
114,218
355,583
180,016
175,568
58,036
117,533
49,957
Banking Survey 2014
Medium Size Banks

Assets
Bank
Cash & bank
Investments
Lendings to
financial
institutions
Operating
Loans and
fixed assets &
advances - net
intangible
of provisions
assets
Rupees in million
181,357
170,501
Other assets
Total assets
13,918
8,351
13,743
21,665
579,310
447,612
BAH
Askari
38,555
26,251
331,738
217,415
3,428
Meezan
BOP
35,230
25,862
114,089
154,944
90,766
32,749
175,712
170,273
6,273
5,490
15,335
31,083
437,406
420,400
SCB
HMB
Faysal
21,863
20,511
21,709
188,992
221,645
155,211
10,814
3,409
-
128,575
134,176
181,225
32,456
3,025
11,543
37,024
14,909
18,439
419,723
397,675
388,126
Soneri
NIB
16,801
8,650
75,716
59,671
154
7,700
106,084
93,673
5,217
5,959
9,204
19,342
213,175
194,995
JS
Summit
9,475
13,761
85,762
45,330
16,807
650
56,716
66,455
3,913
7,607
6,708
14,641
179,381
148,444
BOK
6,620
72,431
2,100
40,057
1,641
3,256
126,106
245,288
1,722,944
168,577
1,504,804
105,393
205,349
3,952,353
Bank
Bills payable
Borrowings
Deposits
BAH
Askari
7,985
6,855
78,455
13,742
446,311
387,535
Meezan
BOP
5,620
1,728
15,465
44,743
380,422
342,291
SCB
HMB
Faysal
5,564
5,201
5,348
17,245
24,884
60,927
Soneri
NIB
2,780
2,741
JS
Summit
1,380
1,532
BOK
Subordinated
loans
Other
liabilities
Rupees in million
3,744
7,993
Equity
Total
9,788
7,461
33,027
24,026
579,310
447,612
2,000
12,021
10,283
23,878
19,357
437,406
420,400
304,306
319,948
283,346
2,500
2,995
28,209
12,872
9,208
61,900
34,769
26,303
419,723
397,675
388,126
25,825
62,751
163,250
105,103
4,197
4,281
3,272
17,039
16,932
213,175
194,995
50,538
25,313
107,430
105,222
1,498
3,837
2,548
16,197
12,332
179,381
148,444
586
14,192
92,264
47,320
434,080
3,037,428
24,927
4,144
14,920
126,106
107,924
300,680
3,952,353
Income statement
Bank
Spread
Net
provisions /
(reversals)
income
Operating
income
Rupees in million
22,465
12,462
17,159
11,290
BAH
Askari
19,074
11,909
558
322
3,950
5,572
Meezan
BOP
13,363
8,992
467
1,196
4,755
2,800
17,651
10,596
SCB
HMB
Faysal
21,396
11,210
13,832
483
1,779
2,359
7,400
5,766
4,373
Soneri
NIB
6,245
3,825
549
1,527
JS
Summit
4,069
2,436
421
563
BOK
Operating
expenses
Profit /
(loss)
before tax
Taxation
Other
Profit /
Comprehensive
(loss) after
Income
tax
10,003
5,869
3,567
1,775
6,436
4,094
3,030
2,493
10,753
6,235
6,899
4,361
2,328
1,520
4,570
2,842
(411)
3,176
28,312
15,197
15,847
12,944
7,861
12,295
15,368
7,336
3,552
5,553
2,394
1,075
9,815
4,942
2,477
2,814
3,937
3,006
2,645
4,130
8,341
6,428
5,899
6,536
2,442
(108)
860
513
1,582
(621)
1,456
1,953
3,577
3,205
7,225
5,078
4,636
5,043
2,589
36
691
(206)
1,898
242
1,767
1,228
3,541
235
1,066
4,372
2,471
1,901
591
1,309
1,053
119,892
10,459
49,239
158,671
98,425
60,248
20,661
39,586
25,502
Banking Survey 2014
Small Banks
Assets
Bank
Cash & bank
Operating
Loans and
fixed assets &
advances - net
intangible
of provisions
assets
Rupees in million
12,665
41,185
1,812
Lendings to
financial
institutions
Investments
Other assets
Total assets
Sindh
5,604
59,467
4,138
124,871
Silk
5,242
18,105
3,000
58,967
4,563
12,771
102,649
Islami
7,209
30,511
18,144
41,097
3,387
1,643
101,992
DIB
11,009
18,259
10,147
58,840
1,751
1,547
101,553
Albaraka
10,207
19,561
10,006
47,023
2,667
4,886
94,349
Citibank
4,438
39,327
2,826
28,196
355
6,112
81,254
ICBC
4,625
63,075
1,130
6,087
183
851
75,950
SAMBA
2,605
19,953
1,900
21,812
801
3,510
50,581
Barclays
5,933
23,733
1,063
14,545
148
1,464
46,887
DB
6,016
843
6,313
6,603
305
1,628
21,708
FWB
1,704
7,301
8,345
383
1,054
18,787
BOT
4,026
1,408
2,257
71
84
7,845
68,602
334,957
16,426
39,688
828,426
68,618
300,135
Bank
Bills payable
Sindh
Borrowings
Subordinated
loans
Deposits
Other
liabilities
Rupees in million
-
Equity
Total
400
46,077
61,884
2,409
14,102
124,871
2,153
21,742
68,770
1,483
8,501
102,649
918
561
90,331
3,309
6,873
101,992
1,250
3,567
83,844
3,115
2,337
7,439
101,553
680
2,212
80,223
3,105
2,228
5,901
94,349
1,565
14,013
48,144
6,998
10,534
81,254
56,593
9,501
5,345
4,508
75,950
309
5,965
31,642
1,411
11,255
50,581
1,364
3,074
33,920
1,604
6,925
46,887
DB
630
860
12,664
2,391
5,163
21,708
FWB
112
2,503
13,449
511
2,212
18,787
BOT
603
3,271
135
3,832
7,845
9,391
157,770
537,643
30,161
87,245
828,426
Net
provisions /
(reversals)
income
Operating
income
Silk
Islami
DIB
Albaraka
Citibank
ICBC
SAMBA
Barclays
6,220
Income statement
Bank
Spread
Operating
expenses
Profit /
(loss)
before tax
Rupees in million
2,761
Taxation
Profit /
Other
(loss) after Comprehensive
tax
Income
Sindh
3,435
19
956
4,373
1,612
532
1,079
Silk
3,460
368
1,720
4,813
4,681
131
45
87
(263)
Islami
3,363
(21)
632
4,016
3,547
470
156
313
(103)
DIB
4,089
292
1,117
4,915
3,989
926
325
601
(124)
Albaraka
2,170
85
727
2,811
2,594
217
71
146
(189)
Citibank
4,055
(129)
2,241
6,425
1,822
4,603
1,512
3,091
ICBC
3,530
(1,209)
2,320
915
1,405
490
915
(103)
SAMBA
1,813
(99)
217
2,129
1,704
425
199
226
511
Barclays
1,721
(55)
493
2,269
2,550
(281)
1,134
1,907
997
910
DB
816
44
FWB
681
644
BOT
92
29,225
1,148
42
1,696
542
(322)
24
321
589
(712)
83
120
786
(666)
(166)
(500)
77
172
264
195
69
42
27
(718)
8,283
36,362
26,541
9,821
3,569
6,252
638
10
Banking Survey 2014
Islamic Banks
Assets
Bank
Operating
Lendings to
Loans and
fixed assets &
financial
advances - net
Other assets
intangible
institutions of provisions
assets
Rupees in million
90,766
175,712
6,273
15,335
Cash & bank
Investments
35,230
114,089
7,209
30,511
18,144
41,097
3,387
1,643
101,992
DIB
11,009
18,259
10,147
58,840
1,751
1,547
101,553
Albaraka
10,207
19,561
10,006
47,023
2,667
4,886
94,349
63,655
182,420
129,063
322,672
14,078
23,411
735,300
Meezan
Islami
Total assets
437,406
Bank
Bills payable
Meezan
Islami
DIB
Albaraka
Borrowings
Deposits
Subordinated
loans
Other
liabilities
Rupees in million
-
Equity
Total
5,620
15,465
380,422
12,021
23,878
437,406
918
561
90,331
3,309
6,873
101,992
1,250
3,567
83,844
3,115
2,337
7,439
101,553
680
2,212
80,223
3,105
2,228
5,901
94,349
8,468
21,805
634,820
6,220
19,895
44,091
735,300
Income statement
Net
provisions
income
13,363
467
4,755
6,899
2,328
4,570
(411)
Islami
3,363
(21)
632
4,016
3,547
470
156
313
(103)
DIB
4,089
292
1,117
4,915
3,989
926
325
601
(124)
Albaraka
2,170
85
727
2,811
2,594
217
71
146
(189)
22,985
823
7,231
29,393
20,883
8,512
2,880
5,630
(827)
Bank
Meezan
Spread
Operating
income
Operating
expenses
Rupees in million
17,651
10,753
Profit /
(loss)
before tax
Taxation
Profit /
Other
(loss) after Comprehensive
tax
Income
Banking Survey 2014
Islamic Banking Business of Conventional Banks

Large Banks
Bank
HBL
NBP
UBL
MCB
ABL
BAF
Total Assets
2014
2013
116,488
3,813
18,987
20,330
910
115,110
275,638
51,246
6,257
17,616
16,358
115,197
206,674
Net Assets
2014
2,303
815
836
1,763
513
8,444
14,674
Net Interest before

provision
2013
2014
Rupees in million
1,158
2,180
867
313
576
341
1,775
430
12
8,471
4,575
12,847
7,851
2013
985
348
616
464
4,390
6,803
Profit / (Loss) for the

year
2014
1,514
14
(120)
243
23
1,142
2,816
2013
No. of Branches
2014
557
67
38
258
1,319
2,239
43
22
24
27
4
157
277
2013
38
18
22
27
140
245
Medium Size Banks

Bank
Total Assets
2014
BAH
Askari
BOP
SCB
HMB
Faysal
Soneri
Summit
BOK
13,174
25,598
8,502
51,230
33,545
36,206
7,967
2,603
25,340
204,165
2013
12,963
18,754
1,742
46,385
25,381
30,279
5,429
19,952
160,885
Net Assets
2014
1,373
1,336
552
4,816
1,449
1,765
522
1,102
3,172
16,087
2013
Net Interest before

provision
2014
Rupees in million
1,306
549
465
787
519
186
5,047
3,197
1,631
506
1,395
1,549
468
123
94
2,713
1,127
13,544
8,118
2013
478
528
68
2,393
580
1,090
66
948
6,151
Profit / (Loss) for the

year
2014
306
65
42
2,837
388
500
13
100
459
4,710
2013
No. of Branches
2014
301
(435)
13
1,869
505
264
66
382
2,965
17
53
37
10
10
58
15
2
54
256
2013
17
40
7
10
6
53
9
44
186
Small Banks
Bank
Total Assets
2014
Sindh
Silk
1,797
9,874
11,671
2013
6,963
6,963
Net Assets
2014
499
539
1,038
Net Interest before Profit / (Loss) for the

provision
year
2013
2014
Rupees in million
22
367
392
367
414
2013
195
195
2014
(1)
177
176
2013
No. of Branches
2014
(37)
(37)
5
10
15
2013
10
10
11
12
Banking Survey 2014
2015
KPMG
Taseer
Hadi
Co.,
a Partnership
firm
registered
Pakistan
and
a member
firm
the
KPMG
network
independent
2015
KPMG
Taseer
Hadi
&&
Co.,
a Partnership
firm
registered
in in
Pakistan
and
a member
firm
ofof
the
KPMG
network
ofof
independent
member
firms
affiliated
with
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
rights
reserved.
member
firms
affiliated
with
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
AllAll
rights
reserved.
Banking Survey 2014
Profitability
The Profit before tax of banks included in this survey has increased by 46.7%
to Rs. 245.6 billion in 2014 from Rs. 167.4 billion in 2013 mainly due to
increased net interest income.
Large Banks
All large banks have reported significant increase in profits this year.
48,515
6,807
7,029
10,000
8,514
20,000
14,931
22,433
32,932
23,136
30,000
28,965
35,616
40,000
37,354
50,000
36,133
Rupees in millions
60,000
-00
BAF
ABL
MCB
UBL
NBP
HBL
2014
2013
Medium Size Banks

The medium sized banks experienced mixed results, with Askari reporting a
significant increase.
16,368
15,368
15,000
1,669
1,901
(1,386)
(108)
BOK
Summit
JS
NIB
HMB
SCB
BOP
Meezan
(8,323)
Askari
BAH
2014
36
Son eri
(5,0 00)
(10,000)
1,078
2,589
1,530
2,442
Faysal
-00
2,112
2,161
3,552
5,117
7,336
5,0 00
2,978
4,361
5,647
6,899
5,869
10,000
7,553
10,003
Rupees in millions
20,000
2013
13
Banking Survey 2014
Small Banks
Small banks also experienced mixed trends in their profitability with Citibank
reporting significant increase.
4,603
5,000
3,000
516
21
69
BOT
DB
Barclays
SAMBA
ICBC
Citibank
Albaraka
DIB
Islami
(1,528)
Silk
Sindh
2014
(222)
FWB
(666)
(281)
(34)
(1,000)
(2,000)
260
217
212
-00
490
910
1,405
926
313
470
131
1,000
953
1,612
2,000
82
425
Rupees in millions
2,886
4,000
2013
Islamic Banks
5,647
7,000
6,899
8,000
6,000
Rupees in millions
14
5,000
4,000
3,000
2,000
926
217
212
313
470
1,000
-00
2014
(34)
Albaraka
DIB
Islami
Meezan
(1,000)
2013
Banking Survey 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:
2013 2012 2011010 2009
2014
2013
2012
2011
2010
In percentage
Weighted average
lending rate
11.1
11.3
12.8
13.6
13.4
Weighted average
deposit rate
5.0
5.1
5.8
6.0
5.9
Banking spread
6.1
6.2
7.0
7.6
7.5
Average Spread as per survey

The average spread of banks included in this survey was 4.7% (2013: 4.7%).
Average Spread of Large Banks as per survey

Average spread of large banks in 2014 was 5.4% as compared to 5.5% in 2013.
In percentages
5.2
5.3
5.4
5.7
6.3
5.9
5.3
5.1
4.7
5.1
6.0
5.5
Difference between markup/ return/ interest earned

on loans and advances as
a percentage of average
loans and advances at
two year ends and markup/return/ interest
expense of deposits as a
percentage of average
BAF
ABL
MCB
UBL
NBP
HBL
2014
deposits at two year ends
2013
Difference between markup/ return/ interest earned
15
16
Banking Survey 2014
Average Spread of Medium Size Banks as per survey

Average spread of medium sized banks in 2014 was 4.4% as compared to
4.3% in 2013.
In percentages
8.2
8.2
Difference between markup/return/ interest earned
3.4
2.5
3.7
4.4
4.6
4.6
3.5
3.5
2.2
2.5
2.7
3.6
3.8
up/return/ interest
3.5
3.8
two year ends and mark-
4.1
4.1
5.1
5.0
5.3
6.1
6.5
BOK
Summit
JS
NIB
Soneri
Faysal
HMB
SCB
BOP
Meezan
Askari
BAH
2014
Difference between mark-
2013
up/return/ interest earned

Average Spread of Small Banks as per survey

Average spread of small banks in 2014 was 4.7% as compared to 4.6% in
2013.
In percentages
6.6
6.5
6.3
3.4
3.6
up/return/ interest
5.3
4.6
3.5
3.8
2.1
3.3
2.8
4.2
3.6
4.1
4.6
5.4
5.4
5.7
6.9
6.9
5.9
up/return/ interest earned
6.8
Difference between mark-
0.6
BOT
FWB
DB
Barclays
SAMBA
2014
ICBC
Citibank
Albaraka
DIB
Islami
Silk
Sindh
2013

Banking Survey 2014
Average Spread of Islamic Banks as per survey

Average spread of Islamic banks in 2014 was 5.0% as compared to 4.7% in
2013.
In percentages
5.4
5.4
6.3
6.9

3.6
4.1
3.6
3.8

2013
Albaraka
DIB
Islami
Meezan
2014
NonFunded
Income
Di
fference between markup/return/ interest earned

17
18
Banking Survey 2014
2015
KPMG
Taseer
Hadi
Co.,
a Partnership
firm
registered
Pakistan
and
a member
firm
the
KPMG
networkofofindependent
independent
2015
KPMG
Taseer
Hadi
&&
Co.,
a Partnership
firm
registered
in in
Pakistan
and
a member
firm
ofof
the
KPMG
network
member
firms
affiliated
with
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
rights
reserved.
member
firms
affiliated
with
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
AllAll
rights
reserved.
Banking Survey 2014
Non-Funded Income
Non Funded Income as a percentage of net interest income, of banks included
in this survey has decreased from 31.8% in 2013 to 30.0% in 2014. However,
in absolute terms the non-funded income has increased by 17.9% from last
year.
Non-funded income to net interest income

Large Banks
Non-funded income
comprises of fee,
In percentages
commission & brokerage,

rent, income from dealing
in foreign currencies,
47.1
49.8
profit on sale of fixed &

other assets and other
non-fund receipts
36.7
33.5
37.4
37.3
Net interest income
18.5
24.1
22.6
24.7
25.4
25.8
means markup/return/interest earned

(before provisions) less
mark-up/return/interest
expensed
BAF
ABL
MCB
UBL
NBP
HBL
Non-funded income
2014
comprises of fee,
2013

Medium Size Banks

In percentages
non-fund
receipts
Non-funded
income
comprises of fee,
184.4
Net
interest income
commission
& brokerage,
means
mark- from dealing
rent, income
up/return/interest
earned
(before
less
profit onprovisions)
sale of fixed
&
74.6
62.1
39.5
69.1
71.6
Net interest income

16.0
13.6
36.6
33.6
34.7
26.7
37.9
34.2
23.3
27.3
30.9
51.6
18.4
24.9
28.3
28.1
22.0
18.2
BOK
Summit
JS
NIB
Soneri
Faysal
HMB
SCB
BOP
Meezan
Askari
BAH
2014
expensed
non-fund receipts
means markup/return/interest earned

expensed
2013
Non-funded income
comprises of fee,
19
20
Banking Survey 2014
Small Banks
Non-funded income
In percentages
comprises of fee,
221.9
186.1

135.3

75.6
Albaraka
12.9
9.8
29.5
27.7
DIB
42.5
28.6
22.9
22.7
Islami
11.6
9.0
17.8
17.8
9.3
7.4
means mark-
50.6
33.5
Net interest income
76.5
41.3
non-fund receipts.
up/return/interest earned
BOT
FWB
DB
Barclays
2014
SAMBA
Citibank
Silk
Sindh
expensed.
(68.9)
ICBC
(34.3)
2013
Non-funded income
comprises of fee,
Islamic Banks

Non-funded
income
profit on sale
of fixed &
comprises
of fee,
In percentages
other assets&and
other
commission
brokerage,
non-fund
receipts.
rent,
income
from dealing
29.5
27.7
22.9
22.7
17.8
17.8
18.4
means
mark-and other
other
assets
up/return/interest
non-fund
receipts.earned
24.9
Net interest
profit
on saleincome
of fixed &
Net
interest income
expensed.
means
markup/return/interest earned
2014
Albaraka
DIB
Islami
Meezan
expensed.
2013
Staff
Costs
Non-
funded income
comprises of fee,
Banking Survey 2014
Staff Costs
Staff costs averaged approximately 51.4% of total operating expenses in 2014
(2013: 50.7%).
Large Banks
HBL
NBP
UBL
MCB
ABL
BAF
Staff cost
2014
2013
Rupees in millions
21,842
18,658
28,828
27,138
16,741
15,117
10,523
10,143
9,711
8,345
9,380
8,480
97,025
87,881
Number of staff
2014
2013
Numb ers
14,123
13,842
24,871
25,437
13,771
13,608
12,301
12,109
10,194
10,287
11,670
10,598
86,930
85,881
Cost per staff

2014
2013
Rupees in thousand
1,547
1,348
1,159
1,067
1,216
1,111
855
838
953
811
804
800
Staff cost includes

salaries, allowances, etc.,
staff retirement benefits.
Medium Size Banks
BAH
Askari
Meezan
BOP
SCB
HMB
Faysal
Soneri
NIB
JS
Summit
BOK
Staff cost
2014
2013
Rupees in millions
5,805
4,820
5,570
4,493
5,017
4,081
3,401
2,860
5,617
5,348
3,786
3,392
5,671
5,117
2,282
1,871
3,172
2,850
2,003
1,591
1,882
1,696
1,434
1,185
45,640
39,304
Staff cost includes

salaries, allowances, staff
retirement benefits.
Number of staff
2014
2013
Numb ers
8,122
7,209
5,913
5,631
7,429
6,248
6,181
6,093
4,400
4,589
3,934
3,581
5,120
6,866
3,524
3,708
3,096
3,110
2,697
2,308
2,755
2,556
2,083
1,501
55,254
53,400
Cost per staff

2014
2013
Rupees in thousand
715
669
942
798
675
653
550
469
1,277
1,165
962
947
1,108
745
648
504
1,024
916
743
690
683
664
688
789
Staff cost includes

Staff cost includes

Small Banks
Staff cost
Sindh
Silk
Islami
DIB
Albaraka
Citibank
ICBC
SAMBA
Barclays
DB
FWB
BOT
2014
2013
Rupees in millions
1,287
1,062
2,312
2,160
1,517
1,089
1,691
1,295
1,110
961
654
813
613
398
727
698
1,508
683
478
437
400
461
88
66
12,385
10,123
Number of staff
2014
Numb ers
1,776
2,906
2,533
2,497
1,638
301
82
602
212
106
573
59
13,285
2013
1,588
2,886
1,812
1,969
1,377
370
55
614
247
109
661
53
11,741
Cost per staff

2014
2013
Rupees in thousand
725
669
796
749
599
601
677
658
678
698
2,171
2,198
7,479
7,237
1,208
1,137
7,114
2,765
4,507
4,010
698
698
1,490
1,250
Staff cost includes

Staff cost includes

Islamic Banks
Meezan
Islami
DIB
Albaraka
Staff cost
2014
2013
Rupees in millions
5,017
4,081
1,517
1,089
1,691
1,295
1,110
961
9,335
7,426
Number of staff
2014
2013
Numb ers
7,429
6,248
2,533
1,812
2,497
1,969
1,638
1,377
14,097
11,406
Cost per staff

2014
2013
Rupees in thousand
675
653
599
601
677
658
678
698
Staff cost includes

Staff cost includes

21
22
Banking Survey 2014
Remuneration of Executives
Large Banks
Remuneration of
executives
HBL *
NBP
UBL *
MCB
ABL
BAF *
Remuneration of
executives
Remuneration of
executives
Remuneration of
executives
CEO Remuneration
Remuneration of Executives Number of Executives
2014
2013
2014
2013
2014
2013
Rupees in thousands
Numb ers
53,178
36,845
6,638,473
6,211,147
2,854
3,081
47,137
45,410
5,623,279
5,057,765
1,792
1,887
246,520
138,368
7,280,128
7,202,856
1,784
1,722
73,684
54,303
3,182,059
2,811,350
1,026
918
70,866
80,532
3,631,007
3,654,361
1,314
1,368
92,499
87,191
4,424,132
3,640,889
1,576
1,276
583,884
442,649
30,779,078
28,578,368
10,346
10,252
Medium Size Banks
BAH
Askari
Meezan *
BOP
SCB *
HMB
Faysal *
Soneri *
NIB
JS
Summit
BOK
CEO Remuneration
2014
2013
2014
2013
2014
2013
Rupees in thousands
Numb ers
32,851
37,678
2,717,712
2,057,796
1,212
973
44,127
48,445
2,099,550
1,884,549
685
609
61,181
50,740
1,336,565
1,042,403
582
485
47,791
37,724
882,572
666,303
421
401
102,648
125,295
3,179,310
2,699,712
1,131
985
73,746
60,541
2,408,988
1,940,115
1,069
929
48,816
90,841
1,829,160
1,996,258
637
697
59,175
58,537
1,152,321
901,338
595
470
152,464
184,682
1,889,206
1,572,183
759
706
57,269
45,905
1,090,966
821,080
426
343
30,853
30,477
865,656
755,356
437
339
7,292
4,810
158,927
154,221
51
48
718,213
775,675
19,610,933
16,491,314
8,005
6,985
Small Banks
Remuneration of
executives
Remuneration of
executives
Sindh *
Silk
Islami *
DIB
Albaraka
Citibank
ICBC *
SAMBA
Barclays *
DB *
FWB
BOT
CEO Remuneration
2014
2013
2014
2013
2014
2013
Rupees in thousands
Numb ers
58,194
50,927
539,275
404,705
217
164
72,919
62,570
1,174,255
1,074,239
387
370
29,272
43,024
385,002
313,341
213
171
42,178
32,869
758,701
574,035
255
204
45,256
39,396
487,250
436,622
221
215
72,878
70,302
533,810
552,908
150
162
58,299
39,384
538,430
370,335
56
43
51,333
50,583
419,338
406,496
161
147
39,645
46,566
320,635
303,189
134
131
40,337
30,206
212,733
201,871
65
62
20,862
11,778
157,732
159,336
84
80
16,356
9,370
33,798
16,759
11
5
547,529
486,975
5,560,959
4,813,836
1,954
1,754
Islamic Banks
Remuneration of
executives
Loans
and
Advanc
es
Meezan *
Islami *
DIB
Albaraka
CEO Remuneration
2014
2013
2014
2013
2014
2013
Rupees in thousands
Numb ers
61,181
50,740
1,336,565
1,042,403
582
485
29,272
43,024
385,002
313,341
213
171
42,178
32,869
758,701
574,035
255
204
45,256
39,396
487,250
436,622
221
215
177,887
166,029
2,967,518
2,366,401
1,271
1,075
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. Accordingly those benefits are not included in the CEO remuneration.
Remuneration of
executives
Banking Survey 2014
Loans and Advances

Total loans and advances of banks under review have increased by 9.9% in
2014 (2013: 8.5%) to Rs. 4,897 billion at 31 December 2014 (2013: Rs. 4,458
billion). The growth of various categories of banks was as follows:
2014
8.7%
8.8%
27.0%
34.9%
Large Banks
Medium Size Banks
Small Banks
Islamic Banks
2013
4.9%
13.5%
18.1%
37.3%
Growth in Loans and Advances

Large Banks
HBL
NBP
UBL
MCB
ABL
BAF
Annual increase
2013-14
2012-13
In percentages
4.9
15.5
2.7
(2.9)
11.4
7.2
20.2
2.2
14.2
(1.2)
11.3
10.3
8.7
4.9
Gross Advances
2013
2012
Rupees in millions
661,476
630,422
545,788
731,980
713,043
734,349
514,283
461,675
430,694
322,759
268,471
262,598
325,868
285,411
288,921
304,848
273,827
248,346
2,861,214
2,632,849
2,510,696
2014
Annualised Increase (2012 14)

In percentages
HBL
10.1
(0.2)NBP
UBL
9.3
MCB
ABL
BAF
10.9
6.2
10.8
23
24
Banking Survey 2014
Medium Size Banks
BAH
Askari
Meezan
BOP
SCB
HMB
Faysal
Soneri
NIB
JS
Summit
BOK
Annual increase
2013-14
2012-13
In percentages
8.2
13.2
3.4
18.0
37.3
41.4
7.7
4.0
(10.9)
(0.6)
4.2
17.3
0.2
7.1
9.0
25.3
12.5
10.2
67.1
68.4
18.7
1.0
12.8
28.9
8.8
13.5
Gross Advances
2013
Rupees in millions
187,973
173,652
198,670
192,175
183,286
133,475
197,083
182,915
150,025
168,427
150,164
144,144
204,676
204,343
113,729
104,318
117,654
104,584
58,775
35,170
77,804
65,569
43,243
38,339
2014
1,683,082
1,547,111
2012
153,454
162,856
94,402
175,880
169,490
122,833
190,851
83,254
94,880
20,881
64,942
29,738
1,363,461

In percentages
BAH
10.7
Askari
10.4
Meezan
BOP
39.3
5.9
(5.9) SCB
HMB
Faysal
10.6
3.6
Soneri
NIB
16.9
11.4
JS
Summit
BOK
67.8
9.5
20.6
Banking Survey 2014
Small Banks
Annual increase
Sindh
Silk
Islami
DIB
Albaraka
Citibank
ICBC
SAMBA
Barclays
DB
FWB
BOT
2013-14
2012-13
In percentages
55.1
37.8
4.8
13.7
7.1
39.4
64.2
35.8
26.8
24.8
84.9
(30.0)
56.3
6,781.1
16.3
15.2
(12.0)
(6.5)
51.0
6.6
(2.8)
12.8
28.6
8.4
27.0
18.1
Gross Advances
2014
2013
Rupees in millions
41,204
26,565
64,417
61,470
41,698
38,932
60,350
36,759
49,834
39,314
31,621
17,099
6,087
3,894
23,916
20,562
15,331
17,412
7,034
4,658
9,401
9,669
2,257
1,754
353,150
278,088
2012
19,282
54,079
27,934
27,076
31,509
24,442
57
17,843
18,626
4,369
8,573
1,619
235,409

In percentages
Sindh
Silk
46.2
9.1
Islami
22.2
DIB
Albaraka
Citibank
49.3
25.8
13.7
ICBC
937.1
SAMBA
15.8
(9.3) Barclays
DB
FWB
BOT
26.9
4.7
18.1
25
26
Banking Survey 2014
Islamic Banks
Meezan
Islami
DIB
Albaraka
Annual increase
2013-14
2012-13
In percentages
37.3
41.4
7.1
39.4
64.2
35.8
26.8
24.8
34.9
37.3
Gross Advances
2013
2012
Rupees in millions
183,286
133,475
94,402
41,698
38,932
27,934
60,350
36,759
27,076
49,834
39,314
31,509
335,168
248,480
180,921
2014
Annualized Increase (2012 14)

In percentages
Meezan
Islami
39.3
22.2
DIB
Albaraka
49.3
25.8
Banking Survey 2014
Market Share of Loans and Advances
NBP
HBL
UBL
ABL
MCB
BAF
Faysal
Askari
BOP
BAH
Meezan
HMB
2014
2013
In percentages
14.9
16.0
13.5
14.1
10.5
10.4
6.7
6.4
6.6
6.0
6.2
6.1
4.2
4.6
4.1
4.3
4.0
4.1
3.8
3.9
3.7
3.1
3.1
3.2
2014
2013
Rupees in millions
731,980
713,043
661,476
630,422
514,283
461,675
325,868
285,411
322,759
268,471
304,848
273,827
204,676
204,343
198,670
192,175
197,083
182,915
187,973
173,652
183,286
133,475
150,164
144,144
SCB
Less than 3%
3.1
15.6
3.8
14.0
150,025
764,355
168,427
626,068
100
100
4,897,446
4,458,048
HMB
3.1%
SCB
3.1%
Less than 3%
15.6%
NBP
14.9%
Meezan
3.7%
BAH
3.8%
HBL
13.5%
BOP
4.0%
UBL
10.5%
Askari
4.1%
Faysal
4.2%
BAF
6.2%
MCB
6.6%
ABL
6.7%
27
28
Banking Survey 2014
Banks with less than 3% market share
NIB
Soneri
Summit
Silk
DIB
JS
Albaraka
BOK
Islami
Sindh
Citibank
SAMBA
Barclays
FWB
DB
ICBC
BOT
2014
2013
In percentages
2.5
2.3
2.3
2.3
1.6
1.5
1.3
1.4
1.2
0.8
1.2
0.8
1.0
0.9
0.9
0.9
0.9
0.9
0.8
0.6
0.6
0.4
0.5
0.5
0.3
0.4
0.2
0.1
0.2
0.1
0.1
0.1
0.0
0.0
2014
2013
Rupees in millions
117,654
104,584
113,729
104,318
77,804
65,569
64,417
61,470
60,350
36,759
58,775
35,170
49,834
39,314
43,243
38,339
41,698
38,932
41,204
26,565
31,621
17,099
23,916
20,562
15,331
17,412
9,401
9,669
7,034
4,658
6,087
3,894
2,257
1,754
15.6
764,355
SAMBA
0.5%
Citibank
0.6%
14.0
Barclays
0.3%
Sindh
0.8%
626,068
FWB DB
0.2% 0.2% ICBC
0.1%
BOT
0.0%
NIB
2.5%
Islami
0.9%
Soneri
2.3%
BOK
0.9%
Albaraka
1.0%
JS
1.2%
Summit
1.6%
DIB
1.2%
Silk
1.3%
Banking Survey 2014
29
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 50.2% in 2014 from 52.0% in 2013
due to growth rate of deposits being higher than growth rate of advances.
Large Banks
Advances*
2013
2014
HBL
NBP
UBL
MCB
ABL
BAF
640,367
721,785
493,346
306,757
307,458
290,171
2,759,884
2012
2014
Rupees in millions
522,867
1,524,538
721,732
1,234,405
413,845
951,902
249,044
688,270
270,029
667,864
236,345
605,963
2,413,862
5,672,942
606,869
701,312
444,425
254,814
270,482
261,308
2,539,210
Deposits
2013
2012
1,401,230
1,101,845
889,526
632,309
608,407
525,526
5,158,843
1,214,964
1,037,049
752,786
544,988
514,702
457,044
4,521,533
* 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 (excluding
50.6
48.7
48.1
45.3
42.8
42.5
52.3
43.2
42.6
50.9
60.9
66.5
In percentages
export refinance, finance
against locally manufactured
machinery and long-term
financing against export
oriented projects as its
counter refinance is not
included in deposits) to
BAF
ABL
MCB
UBL
NBP
HBL
2014
2013
average deposits ratio
Average advances to average

deposits ratio
30
Banking Survey 2014
Medium Size Banks

Advances*
2013
2014
BAH
Askari
Meezan
BOP
SCB
HMB
Faysal
Soneri
NIB
JS
Summit
BOK
166,500
190,717
172,520
186,042
136,700
131,100
186,236
91,967
103,535
55,117
72,809
41,642
1,534,885
2012
2014
Rupees in millions
135,882
446,311
155,080
387,535
88,437
380,422
168,819
342,291
152,610
304,306
102,123
319,948
172,027
283,346
74,470
163,250
84,864
105,103
19,857
107,430
61,659
105,222
28,611
92,264
1,244,439
3,037,428
155,084
183,222
124,086
174,876
151,957
123,531
185,176
96,371
91,763
33,194
61,356
36,845
1,417,461
Deposits
2013
2012
386,099
335,173
289,811
306,561
296,377
247,508
271,134
140,580
104,888
80,055
106,256
77,218
2,641,660
340,387
306,930
230,426
266,056
266,599
217,671
240,708
120,591
91,094
61,935
96,815
60,043
2,299,255

long-term financing against export oriented projects as its counter refinance is not
included in deposits.
In percentages

90.1
93.0
47.7
46.3
60.6
63.4
37.4
47.1
65.4
62.0
69.8
67.0
48.5
44.9
54.1
48.1
60.0
55.6
40.9
44.3
40.1
38.6
52.7
51.7

BOK
Summit
JS
NIB
Soneri
2014
Faysal
HMB
SCB
BOP
Meezan
Askari
BAH
2013

deposits ratio
Banking Survey 2014
31
Small Banks
2014
Sindh
Silk
Islami
DIB
Albaraka
Citibank
ICBC
SAMBA
Barclays
DB
FWB
BOT
Advances*
2013
6,956
61,217
41,137
57,641
47,844
31,621
6,087
20,785
12,256
6,804
9,335
2,257
303,940
19,185
58,060
38,394
34,821
37,112
17,099
3,894
18,090
12,987
4,228
9,620
1,754
255,244
Deposits
2013
2012
2014
Rupees in millions
18,162
61,884
50,804
68,770
27,312
90,331
25,476
83,844
29,517
80,223
24,416
48,144
57
9,501
15,388
31,642
14,212
33,920
4,069
12,664
8,500
13,449
1,619
3,271
219,532
537,643
2012
45,756
69,433
75,170
67,639
75,647
40,936
14,987
24,633
38,235
15,849
18,338
4,051
490,674
31,470
69,050
64,216
53,110
63,279
64,294
4,168
22,754
29,958
18,354
19,193
2,402
442,248

In percentages

78.6
86.3

52.3
54.8
48.3
59.6
24.3
38.7
20.6
24.3
39.9
35.0
39.5
40.8
54.7
48.0
54.5
47.1
48.1
48.4
49.9
61.0
70.6
69.1

BOT
FWB
DB
Barclays
SAMBA
ICBC
Citibank
Albaraka
DIB
Islami
Silk
Sindh
2014
2013

deposits ratio
32
Banking Survey 2014
Islamic Banks
2014
Meezan
Islami
DIB
Albaraka
172,520
41,137
57,641
47,844
319,142
Advances*
2013
2012
2014
Rupees in millions
124,086
88,437
380,422
38,394
27,312
90,331
34,821
25,476
83,844
37,112
29,517
80,223
234,413
170,742
634,820
Deposits
2013
2012
289,811
75,170
67,639
75,647
508,267
230,426
64,216
53,110
63,279
411,031

In percentages
48.0
49.9
47.1
40.9
44.3
48.1
54.5
61.0

2014
Albaraka
DIB
Islami
deposits ratio
Meezan
2013
Banking Survey 2014
Customer Deposits
Customer Deposits of banks included in this survey increased by 11.5% to Rs.
9,248 billion at 31 December 2014 compared to Rs. 8,291 billion at 31
December 2013.
Growth in Customer Deposits

Large Banks
Annual Increase
2013-14
2012-13
In percentages
8.8
15.3
12.0
6.2
7.0
18.2
8.9
16.0
9.8
18.2
15.3
15.0
10.0
14.1
HBL
NBP
UBL
MCB
ABL
BAF
Customer Deposits
2013
2012
Rupees in millions
1,524,538
1,401,230
1,214,964
1,234,405
1,101,845
1,037,049
951,902
889,526
752,786
688,270
632,309
544,988
667,864
608,407
514,702
605,963
525,526
457,044
5,672,942
5,158,843
4,521,533
2014

In percentages
HBL
NBP
12.0
9.1
UBL
12.5
MCB
12.4
ABL
BAF
13.9
15.1
33
34
Banking Survey 2014
Medium Size Banks
BAH
Askari
Meezan
BOP
SCB
HMB
Faysal
Soneri
NIB
JS
Summit
BOK
Annual Increase
2013-14
2012-13
In percentages
15.6
13.4
15.6
9.2
31.3
25.8
11.7
15.2
2.7
11.2
29.3
13.7
4.5
12.6
16.1
16.6
0.2
15.1
34.2
29.3
(1.0)
9.8
19.5
28.6
15.0
Customer Deposits
2013
Rupees in millions
446,311
386,099
387,535
335,173
380,422
289,811
342,291
306,561
304,306
296,377
319,948
247,508
283,346
271,134
163,250
140,580
105,103
104,888
107,430
80,055
105,222
106,256
92,264
77,218
2014
14.9
3,037,428
2,641,660
2012
340,387
306,930
230,426
266,056
266,599
217,671
240,708
120,591
91,094
61,935
96,815
60,043
2,299,255

In percentages
BAH
14.5
Askari
12.4
Meezan
28.5
BOP
13.4
SCB
6.8
HMB
21.2
Faysal
8.5
Soneri
16.4
NIB
7.4
JS
Summit
BOK
31.7
4.3
24.0
Banking Survey 2014
Small Banks
Annual Increase
2013-14
2012-13
In percentages
Sindh
Silk
Islami
DIB
Albaraka
Citibank
ICBC
SAMBA
Barclays
DB
FWB
BOT
35.2
(1.0)
20.2
24.0
6.0
17.6
(36.6)
28.5
(11.3)
(20.1)
(26.7)
(19.2)
2014
45.4
0.6
17.1
27.4
19.5
(36.3)
259.6
8.3
27.6
(13.6)
(4.5)
68.6
9.6
11.0
Customer Deposits
2013
2012
Rupees in millions
61,884
68,770
90,331
83,844
80,223
48,144
9,501
31,642
33,920
12,664
13,449
3,271
45,756
69,433
75,170
67,639
75,647
40,936
14,987
24,633
38,235
15,849
18,338
4,051
31,470
69,050
64,216
53,110
63,279
64,294
4,168
22,754
29,958
18,354
19,193
2,402
537,643
490,674
442,248

In percentages
Sindh
40.2
(0.2) Silk
Islami
18.6
DIB
25.6
Albaraka
(13.5)
12.6
Citibank
ICBC
51.0
SAMBA
Barclays
(16.9)
(16.3)
17.9
6.4
DB
FWB
BOT
16.7
35
36
Banking Survey 2014
Islamic Banks
Meezan
Islami
DIB
Albaraka
Annual Increase
2013-14
2012-13
In percentages
31.3
25.8
20.2
17.1
24.0
27.4
6.0
19.5
24.9
23.7
Customer Deposits
2013
2012
Rupees in millions
380,422
289,811
230,426
90,331
75,170
64,216
83,844
67,639
53,110
80,223
75,647
63,279
634,820
508,267
411,031
2014
In percentages
Meezan
28.5
Islami
18.6
DIB
Albaraka
25.6
12.6
Banking Survey 2014
Market Share of Customer Deposits
2014
2013
In percentages
HBL
NBP
UBL
MCB
ABL
BAF
BAH
Askari
Meezan
BOP
HMB
SCB
Faysal
Less than 3%
16.8
12.0
10.5
7.6
7.5
6.4
4.9
4.3
4.2
3.8
3.5
3.4
3.1
12.0
100
2014
2013
Rupees in millions
17.3
12.0
11.0
7.8
7.6
6.1
4.7
4.1
3.5
3.7
3.1
3.7
3.3
12.1
100
1,490,640
1,064,953
930,129
675,990
664,902
571,827
436,653
386,638
375,670
338,130
312,808
302,966
272,935
1,068,118
8,892,359
1,379,795
956,406
871,889
620,384
602,841
488,971
372,029
327,667
280,373
298,293
243,300
295,373
262,395
962,240
7,961,956
* Deposits from financial institutions have been excluded to analyse deposits from
customers.
SCB
3.4%
Faysal
3.1%
Less than 3%
12.0%
HBL
16.8%
HMB
3.5%
BOP
3.8%
NBP
12.0%
Meezan
4.2%
Askari
4.3%
UBL
10.5%
BAH
4.9%
BAF
6.4%
ABL
7.5%
MCB
7.6%
37
38
Banking Survey 2014
Banks with less than 3% market share
2014
2013
In percentages
1.8
1.8
1.1
1.3
1.1
0.9
1.1
1.2
1.0
1.0
1.0
0.9
0.9
0.8
0.8
0.8
0.7
0.8
0.7
0.5
0.6
0.5
0.4
0.5
0.3
0.3
0.2
0.2
0.2
0.2
0.1
0.2
0.0
0.1
Soneri
Summit
JS
NIB
BOK
Islami
DIB
Albaraka
Silk
Sindh
Citibank
Barclays
SAMBA
FWB
DB
ICBC
BOT
12.0
2014
2013
Rupees in millions
162,159
140,054
97,248
102,329
99,908
72,444
99,385
98,769
92,125
76,973
89,020
74,276
83,684
66,527
70,035
64,256
65,900
67,497
59,281
43,664
46,862
39,795
33,824
38,165
29,976
24,389
13,347
18,238
12,654
15,841
9,444
14,977
3,266
4,046
12.1
1,068,118
962,240
* Deposits from financial institutions have been excluded to analyse deposits from
customers.
SAMBA
0.3%
Barclays
0.4%
Citibank
0.6%
FWB
0.2%
DB
0.2%
ICBC
0.1%
BOT
0.0%
Soneri
1.8%
Sindh
0.7%
Silk
0.7%
Albaraka
0.8%
Summit
1.1%
NIB
1.1%
DIB
0.9%
Islami
1.0%
JS
1.1%
BOK
1.0%
Banking Survey 2014
Credit Ratings
Large Banks
Banks
Rating
Agency
Credit Rating
Assigned
Short
Term
Long
Term
Habib Bank Limited
JCR-VIS
A-1+
AAA
National Bank of Pakistan
JCR-VIS
A-1+
AAA
United Bank Limited
JCR-VIS
A-1+
AA+
MCB Bank Limited
PACRA
A1+
AAA
Allied Bank Limited
PACRA
A1+
AA+
Bank Alfalah Limited
PACRA
A1+
AA
Medium Size Banks

Banks
Rating
Agency
Credit Rating
Assigned
Short
Term
Long
Term
Bank Al-Habib Limited
PACRA
A1+
AA+
Askari Bank Limited
PACRA
A1+
AA
JCR-VIS
A-1+
AA
Meezan Bank Limited
JCR-VIS
A-1+
AA
The Bank of Punjab
PACRA
A1+
AA-
Standard Chartered Bank

(Pakistan) Limited
PACRA
A1+
AAA
Habib Metropolitan Bank

Limited
PACRA
A1+
AA+
Faysal Bank Limited
PACRA
A1+
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
The Bank of Khyber
PACRA
A1
39
40
Banking Survey 2014
Small Banks
Banks
Rating
Agency
Credit Rating
Assigned
Short
Term
Long
Term
Sindh Bank Limited
JCR-VIS
A-1+
AA
Silkbank Limited
JCR-VIS
A-2
A-
BankIslami Pakistan Limited
PACRA
A1
Dubai Islamic Bank (Pakistan)

Limited
JCR-VIS
A-1
A+
PACRA
A1
JCR-VIS
A-1
Moodys
P-1
A2
Standard &
Poors
A-1
Moodys
P-1
A1
JCR-VIS
A-1
AA-
Standard &
Poors
A-1
Moodys
P-1
A2
Fitch
F1
Standard &
Poor's
A-1
Moodys
P-2
A3
Fitch
F1+
A+
PACRA
A2
BBB+
Standard &
Poors
A-1
A+
Moodys
P-1*
Aa3
Fitch
F1
Albaraka Bank (Pakistan)

Limited
Citibank N.A. (Pakistan
Branches)
Industrial and Commercial
Bank of China Limited
(Pakistan Branches)
Samba Bank Limited
Barclays Bank PLC (Pakistan
Branches)
Deutsche Bank AG (Pakistan

Branches)
First Women Bank Limited

The Bank of Tokyo Mitsubishi
UFJ, Limited Karachi
Branch
* Deposit Rating only
Banking Survey 2014
Number of Branches and Legend

(including sub-branches)
Large Banks
Banks
Legend
Habib Bank Limited

National Bank of Pakistan
United Bank Limited
MCB Bank Limited
Allied Bank Limited
Bank Alfalah Limited
HBL
NBP
UBL
MCB
ABL
BAF
Medium Size Banks

Banks
Bank Al-Habib Limited

Askari Bank Limited
Meezan Bank Limited
The Bank of Punjab
Standard Chartered Bank (Pakistan)
Limited
Habib Metropolitan Bank Limited
Faysal Bank Limited
Soneri Bank Limited
NIB Bank Limited
JS Bank Limited
Summit Bank Limited
The Bank of Khyber
Legend
BAH
Askari
Meezan
BOP
SCB
HMB
Faysal
Soneri
NIB
JS
Summit
BOK
Number of
Branches *
2014
2013
1,644 1,594
1,377 1,365
1,313 1,301
1,232 1,217
1,000
950
648
574
7,214 7,001
Number of
Branches *
2014 2013
351
320
321
281
428
351
364
334
116
201
274
246
171
238
188
116
3,014
116
174
269
239
179
211
187
100
2,761
Small Banks
Banks
Legend
Sindh Bank Limited

Silkbank Limited
BankIslami Pakistan Limited
Dubai Islamic Bank (Pakistan) Limited
Albaraka Bank (Pakistan) Limited
Citibank N.A (Pakistan Branches)
Industrial and Commercial Bank of China
Limited (Pakistan Branches)
Samba Bank Limited
Barclays Bank PLC (Pakistan Branches)
Deutsche Bank AG (Pakistan Branches)
First Women Bank Limited
The Bank of Tokyo Mitsubishi UFJ,
Limited Karachi Branch
Sindh
Silk
Islami
DIB
Albaraka
Citibank
230
88
213
175
130
3
200
88
201
125
110
3
ICBC
SAMBA
Barclays
DB
FWB
3
28
7
3
41
2
28
7
3
41
1
922
1
809
BOT
Number of
Branches *
2014
2013
*As at 31 December
41
42
Banking Survey 2014
2015
KPMG
Taseer
Hadi
&&
Co.,
a Partnership
firm
registered
in in
Pakistan
and
a member
firm
ofof
the
KPMG
network
ofof
independent
2015
KPMG
Taseer
Hadi
Co.,
a Partnership
firm
registered
Pakistan
and
a member
firm
the
KPMG
network
independent
member
firms
affiliated
with
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
AllAll
rights
reserved.
member
firms
affiliated
with
KPMG
International
Cooperative
(KPMG
International),
a Swiss
entity.
rights
reserved.
Banking Survey 2014
Definitions
Average Advances
The average of opening and closing

gross advances at two year ends is
taken.
Average Assets

total assets at two year ends is taken.
Average Deposits

deposits at two year ends is taken.
Average Equity

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 2014) - 1
Figure (year 2012)
Cost of Funds
Mark-up / return / interest expense
CASA
Current and saving deposits to total

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
43
44
Banking Survey 2014
liabilities against assets subject to

finance lease.
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 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.
Banking Survey 2014
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.
Net income as a percentage of

average total assets.
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 (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.
45
An Economic & Budget Commentary
Offices in Pakistan
Karachi Office
Sheikh Sultan Trust Building No. 2
Beaumont Road
Karachi 75300
Phone +92 (21) 3568 5847
Fax
+92 (21) 3568 5095
eMail pk-fmkarachi@kpmg.com
Lahore Office
2nd Floor, Servis House
2-Main Gulberg, Jail Road
Lahore 54000
Phone +92 (42) 3579 0901-6
Fax
+92 (42) 3579 0907
eMail pk-fmlahore@kpmg.com
Islamabad Office
Sixth Floor, State Life Building
Blue Area
Islamabad
Phone +92 (51) 282 3558
Fax
+92 (51) 282 2671
eMail pk-fmislamabad@kpmg.com
www.kpmg.com.pk
2015 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a
member firm of the KPMG network of independent member firms affiliated with
KPMG International Cooperative (KPMG International), a Swiss entity. All rights
reserved.
The information contained herein is of a general nature and is not intended to address
the circumstances of any particular individual or entity. Although we endeavour to
provide accurate and timely information, there can be no guarantee that such
information is accurate as of the date it is received or that it will continue to be
accurate in the future. No one should act on such information without appropriate
professional advice after a thorough examination of the particular situation.
The KPMG name, logo and cutting through complexity are registered trademarks of
KPMG International.

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