Banking Results 2018

kpmg KPMG Taseer Hadi & Co.
Chartered Accountants
Banking
Results
2018
Commercial Banks Operating
in Pakistan
© 2019 KPMG
© 2019 Taseer
KPMG HadiHadi
Taseer & Co., a Partnership
& Co., firm firm
a Partnership registered in Pakistan
registered and aand
in Pakistan member
a memberfirm firm
of the
of KPMG network
the KPMG of independent
network member
of independent firmsfirms
member
affiliated with KPMG International Cooperativeaffiliated
(“KPMGwith International”), a Swiss entity.
KPMG International All rights
Cooperative reserved.
(“KPMG International”), a Swiss entity. All rights reserved.
Foreword
This report has been prepared by KPMG Taseer Hadi & Co. and
summarizes the performance of selected commercial banks in
Pakistan for the year ended 31 December 2018.
The results and KPIs compared for each bank are:
 Total Assets  Capital Adequacy Ratio (CAR)
 Net Assets  Return on Average Equity (ROE)
 Impairment cover  Return on Average Assets (ROA)
 Net Interest Margin

 Average Advances to Average
Deposits Ratio
 Spread
 Non funded income as a percentage of
net interest income
 CASA
 Non - performing advances to Gross
Loans
 EPS  Market Capitalization
 Profit before and  Operating expenses to average

after tax deposits ratio
 Liquidity  Individual deposits to total deposits
 Average deposits  Compensation costs to average

per branch deposits
Reference should be made to the published financial statements

of the banks and KPI definitions included in this report to enhance
the understanding of ratios and analysis of performance of a
particular bank.
The financial statements of First Women Bank Limited, Summit

Bank Limited and Sindh Bank Limited were not published till the
date of our publication, and accordingly their results are not
included in this report.
Comparative figures of 2017 as reported in our Banking Results

2017 have been updated to correspond with comparative figures
reported in 2018 financial statements.
We have tried to provide relevant financial analysis of the banks

which we thought would be useful for benchmarking and
comparison. We welcome any comments, which would facilitate
improving the contents of this report. The comments may be sent
to Syedanjum@kpmg.com.
Karachi: 20 May 2019
© 2019 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.
© 2019© 2019
KPMGKPMG Taseer
Taseer HadiHadi & Co.,
& Co., a Partnership
a Partnership firm firm registered
registered in Pakistan
in Pakistan and aand a member
member firm firm of KPMG
of the the KPMG network
network of independent
of independent membermember
firmsfirms
affiliated with KPMG International Cooperativeaffiliated
(“KPMGwith KPMG International
International”), Cooperative
a Swiss entity. (“KPMG
All rights International”), a Swiss entity. All rights reserved.
reserved.
Contents
EXECUTIVE SUMMARY 1
AT A GLANCE 7
SUMMARY OF FINANCIAL INFORMATION 15
SPREAD 21
OPERATING EXPENSES 23
LOANS AND ADVANCES 29
LIQUIDITY (AVERAGE ADVANCES TO AVERAGE DEPOSITS) 33
DEPOSITS 37
DEFINITIONS 45
GLOSSARY 47
CREDIT RATINGS 49
NUMBER OF BRANCHES 51
© 2019 KPMG Taseer Hadi & Co., a Partnership firm registered
affiliated in Pakistan
with KPMG and a Cooperative
International member firm(“KPMG
of the KPMG network of
International”), independent
a Swiss member
entity. All rights firms
reserved.
Executive Summary
Total Assets Total Assets - Rupees in billions
21,000
19,6 45
Total assets of the banks included in report 20,000
19,000
increased by 8.75% to Rs. 19,645 billion at 18,06 4
Rupees in billions
18,000
31 December 2018 (2017: 18,064 billion). 17,000
Most banks maintained their rankings in total 16,000
assets. DIB, BOP, Faysal, Citibank, BOC and 15,000
14,000
BAH improved their ranking while BAF, SCB,
13,000
HMB, Islami, Albaraka, BOK and BOT 12,000
reduced. 11,000
10,000
Islamic Banks total assets increased to Rs. 2018 2017
1,614 billion at 31 December 2018 from Rs.
1,371 billion last year, registering a growth of
17.72%.
Banks with higher growth than average

30%
25 %
BOC has been excluded from the chart as 25%
21%
2018 is their full year of operation 19 %
In percentages
20% 18 % 17% 17% 17%

14%
15% 12% 12% 11% 11%
10%
5%
0%
Percentage change Average: 8.75%
Profitability Profit before tax - Rupees in billions

300
In 2018, the banking industry witnessed 259 254

Rupees in billions
mixed results in profitability. The overall 250

profitability increased by 1.97% from Rs. 254
billion to Rs. 259 billion.
200
Islamic banks profits increased to Rs. 18

billion compared to Rs. 12 billion last year. 150
100
2018 2017
Banking Results 2018 1
Spread
The overall average spread of the industry for
last five years as disclosed in SBP statistical
Average Spread - 2018
bulletin is as follows:
2018 2017 2016 2015 2014

Spread : 3.97
In percentages
Deposit : 3.93
Lending : 7.91
Weighted average
8.2 7.9 8.5 9.6 11.1
lending rate
Weighted average
3.3 2.9 3.3 4.1 5.0
deposit rate
Banking spread 4.9 5.0 5.2 5.5 6.1 in percentages
The average spread of banks included in our Banks with higher spread than average
report was 3.97% (2017: 3.73%). 9.00% 8.23%
8.00%
Islamic banks improved their spread to 7.00%
4.49% in 2018 from 4.30% in 2017. 6.00% 5.38%5.32%
In percentages
5.26% 5.17% 5.05%

5.08% 5.03%
5.00% 4.45%4.40%
4.11% 4.10% 4.10%
4.00%
3.00%
2.00%
1.00%
0.00%
Spread Average: 3.97%
Non-funded income Non Funded Income - Rupees in billions

170 16 7
To increase profitability, banks have put more 160
focus on value added services. Moreover the
Rupees in billions
150 145
fluctuation in foreign exchange rate also
140
resulted in increase of foreign exchange
130
income from Rs. 24.69 billion to Rs. 38.32
billion. Overall, non-funded income increased 120
by 15.11% from Rs. 144.71 billion to Rs. 110
166.58 billion. 100
2018 2017
idd
2 Banking Results 2018

Operating expenses
500
418
Operating Expenses
400 356
Rupees in billions
300
202 181
200
Banks operating expenses increased by 104 83 76 74
100
11.87% (2017: 9.85%). 29 26
0
2018 2017
Compensation expenses Other operating expenses

Property expenses Information technology expenses
Total
Banks with lower Operating Expenses to Average Deposits ratio than average
4.0%
3.4%
3.5%
3.0% 3.1% 3.2%
Operating expenses to average 3.0%

2.4% 2.5% 2.5% 2.5%
2.8% 2.8% 2.9%
In percentages
2.5% 2.2% 2.3%
deposits 2.0%
1.5%
1.0%
Operating expenses to average deposits 0.5%
increased to 3.1% from 2.9% in 2017. 0.0%
Operating Expenses to Average Deposits Average: 3.5%
Compensation costs to Banks with lower Com pensation to Average Deposit ratio than average
1.80%
average deposits
1.53% 1.58%
1.60% 1.47%1.48%1.49% 1.55%

1.41%1.47%
1.33%1.36%1.37%1.38%
1.40% 1.26%
1.22%
In percentages
1.20% 1.09%
Compensation costs to average 1.00%
1.05%
deposits have slightly increased by 0.80% 0.73%
0.01% from 1.49% to 1.50%. 0.60%

0.40%
0.20%
0.00%
Compensation expense to average deposits Average: 1.70%
Loans and Advances - Rupees in billions
9,000 8,3 22
8,000
6 ,807
Loans and Advances

7,000
Rupees in billions
6,000
5,000
Loans and advances increased by 22.27% 4,000
(2017: 20.77%). 3,000
2,000
Islamic banks loans grew by 20.59% (2017: 1,000
33.01%) to Rs. 950 billion (2017: Rs 788 0
billion). 2018 2017
Banks with high level of growth in advances than average

200.00%
178.21%
180.00%
160.00%
140.00%
120.00%
In percentages
100.00%
80.00%
56.69%
60.00%
39.85% 36.68%
40.00% 31.50% 29.87% 27.97%
27.47% 25.19% 25.13% 24.59% 24.26%
23.57%
20.00%
0.00%
Growth in Advances Average: 22.27%
Deposits
15,000 14,146
12,737
13,000
Deposits 11,000
Rupees in billions
9,000
Deposits increased by 11.06% from Rs. 7,000 6,533

5,964
12,737 billion to Rs. 14,146 billion. 5,000 4,061

3,675
3,000 1,887 1,565
861 803 809
Islamic banks deposits increased by 17.88%
724
1,000
(2017: 16.19%) to Rs. 1,325 billion (2017: Rs. (1,000) 2018
1,124 billion). Individual

Government (Federal and Provincial)
Private Sector
Banking Companies and Non-Banking Financial Institutions
Public Sector Entities Total
idd

Banks with higher growth in deposits than average
25.00%
22.03%
20.58% 20.30%
20.00% 18.80%
17.73%
16.46%
15.43% 15.32%
In percentages
15.06%
15.00%
12.53%
12.10%
11.40%
10.00%
5.00%
0.00%
DIB Citibank Silk SAMBAMeezan NBP Soneri ICBC BAH SCB MCB ABL
Deposits Average: 11.06%
Individual deposits to total deposits Individual deposits to total deposits

70.0% 6 2.9 %
Individual deposits to total deposits have 6 2.4%
60.0% 5 7.9 % 5 5 .9 %
decreased by 0.58% from 45.72% to 5 5 .4%
49 .5 %
45.14%. 50.0%
In percentages
40.0%
30.0%
20.0%
10.0%
0.0%
BAH MCB UBL SCB HBL BAF
individual deposits to average deposits Average: 45.1%
Banks with higher CASA rate than average
100.00%
91.84%
88.26%
90.00% 84.01%
81.09% 82.10%
79.17%
Current Account Savings Account (CASA)

80.00% 77.30% 75.92% 75.61%
72.68% 72.59%
70.64% 70.15%
68.34% 67.59%
70.00%
In percentages
60.00%
Average CASA increased to 65.50% (2017: 50.00%
64.06%). 40.00%
30.00%
20.00%
10.00%
0.00%
CASA Average: 65.50%
Average advances to average deposits 90.00%
Bank with higher ADR than average ADR
(ADR) 80.00%
70.00%
80.03% 78.43%
76.01% 75.48%
70.20% 69.00% 68.74% 67.98%

64.55% 63.41%
62.39%
Average advances to average deposits ratio 60.00% 56.21%

54.47%
In percentages
increased to 53.09% in 2018 (2017: 47.57%). 50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
ADR Average: 53.10%
idd

At a Glance
HBL NBP UBL MCB
2018 2017 2018 2017 2018 2017 2018 2017
Ranking
By total assets 1 1 2 2 3 3 4 4
By net assets 2 1 1 2 3 3 4 4
By p rofit b efore tax 4 4 2 2 3 1 1 3
Profit before tax

21,584 29,487 29,880 36,144 25,388 40,889 30,806 30,614
(Rupees in m illions)
Net Interest Margin 2.1% 2.7% 1.2% 1.6% 2.0% 2.2% 2.4% 2.6%
Spread 5.1 5.0 5.0 4.6 3.7 3.2 4.4 4.1
Return on Average Equity 6.4% 4.6% 10.3% 13.0% 8.8% 15.3% 13.3% 14.6%
Return on Average Assets 0.4% 0.3% 0.8% 1.0% 0.7% 1.4% 1.4% 1.8%
Operating Cost to Net

91.8% 76.2% 94.4% 91.6% 69.4% 67.7% 76.1% 70.9%
Interest Incom e Ratio
Operating Expenses to
3.6% 2.0% 3.1% 3.0% 2.4% 3.1% 3.4% 3.5%
Average Deposit Ratio
Net provision / (reversal)

5,009 374 11,205 535 13,102 2,629 (822) 1,047
Im pairm ent cover

5.3 79.9 3.7 68.6 2.9 16.6 - 30.2
(Tim es)
Non Perform ing Advances

7.0% 8.2% 12.7% 14.2% 8.5% 7.6% 8.0% 8.9%
to Gross Loans
Total Assets
3,025,853 2,696,218 2,803,886 2,511,452 2,002,493 2,130,913 1,585,210 1,389,492
Net Assets
199,252 188,751 211,061 179,676 168,624 174,494 151,323 156,543
Capital Adequacy Ratio 16.2% 16.0% 16.7% 16.5% 17.0% 15.1% 17.0% 16.3%
CASA 82.1% 83.0% 79.2% 76.8% 72.7% 69.6% 88.3% 89.2%
EPS 8.22 5.79 9.36 10.90 12.65 21.20 17.17 19.13
Market Price 120.45 167.09 42.03 48.56 122.64 187.97 193.57 212.32
Market Capitalization
176,682 245,096 89,419 103,312 150,133 230,109 229,392 251,612
ABL BAH BAF Meezan
2018 2017 2018 2017 2018 2017 2018 2017
Ranking
By total assets 5 5 6 7 7 6 8 8
By net assets 5 5 8 8 6 6 9 11
Profit before tax

21,233 21,144 14,306 13,902 17,879 14,272 15,181 9,933
Spread 4.1 3.9 3.6 3.0 5.3 4.8 4.0 3.6

73.7% 70.7% 76.2% 77.7% 78.4% 87.3% 71.6% 84.0%
2.5% 2.6% 3.2% 3.2% 3.7% 3.9% 2.8% 2.8%

(1,090) (2,526) 221 68 545 (616) 1,168 1,283
Im pairm ent cover

0.0 0.0 65.8 206.0 33.8 0.0 14.0 8.7
(Tim es)

3.5% 4.6% 1.1% 1.5% 3.5% 4.2% 1.3% 1.5%
to Gross Loans
Total Assets
1,352,390 1,251,276 1,048,726 944,630 1,008,605 1,001,034 941,751 793,076
Net Assets
108,790 108,050 49,995 46,278 77,022 66,830 43,577 38,410
CASA 81.1% 77.7% 77.3% 78.4% 75.9% 77.5% 72.6% 73.8%
EPS 11.38 11.29 7.61 7.65 6.20 4.88 7.66 4.95
Market Price 107.47 84.98 68.79 58.36 40.59 42.50 92.39 67.10
123,061 97,308 76,455 64,863 72,021 68,322 108,022 71,321
idd

BOP Askari HMB Faysal
2018 2017 2018 2017 2018 2017 2018 2017
Ranking
By total assets 9 11 10 10 11 9 12 13
By net assets 12 13 13 12 11 9 10 10
Profit / (loss) before tax

12,272 (4,696) 6,876 8,352 10,345 9,511 8,302 7,269
Spread 4.4 4.0 3.9 3.4 2.7 2.8 5.4 4.6
Return on Average Equity 22.5% -11.5% 13.4% 15.7% 15.2% 14.0% 11.8% 12.2%
Return on Average Assets 1.1% -0.6% 0.6% 0.8% 1.0% 1.0% 0.9% 1.0%

63.5% 65.3% 85.4% 93.5% 72.2% 75.2% 90.8% 91.7%
2.2% 2.0% 2.9% 3.0% 2.3% 2.3% 3.8% 3.6%

(1,222) 14,737 1,461 (1,176) 382 (113) (422) (492)
Im pairm ent cover

0.0 0.7 5.7 0.0 28.1 0.0 - -00
(Tim es)

11.7% 15.0% 7.2% 9.4% 7.0% 9.3% 8.3% 10.7%
to Gross Loans
Total Assets
714,716 657,900 706,666 662,939 678,839 667,237 599,996 494,920
Net Assets
37,876 29,840 33,600 32,545 40,452 43,863 43,533 39,232
CASA 64.2% 66.0% 84.0% 83.5% 55.1% 52.5% 67.6% 69.9%
EPS 2.85 (1.65) 3.51 4.06 5.90 5.41 3.22 2.97
Market Price 11.97 8.24 23.92 19.31 45.81 34.50 24.07 21.26
31,645 21,784 30,145 24,336 48,001 36,150 36,531 28,058
SCB JS ICBC Soneri
2018 2017 2018 2017 2018 2017 2018 2017
Ranking
By total assets 13 12 14 14 15 15 16 16
By net assets 7 7 15 14 14 16 16 15
Profit before tax

18,446 13,453 1,071 1,863 8,412 5,332 2,904 2,848
Spread 5.3 5.7 4.1 2.7 2.1 3.7 3.1 2.8

60.0% 71.2% 120.6% 144.5% 27.8% 23.8% 106.1% 108.2%
2.8% 3.2% 3.6% 3.6% 3.9% 2.7% 3.0% 3.2%

(1,218) 284 158 332 147 82 (71) 78
Im pairm ent cover

0.0 48.4 7.8 6.6 58.2 65.7 - 37.7
(Tim es)

9.3% 12.5% 3.3% 1.7% - 0.0% 5.8% 5.9%
to Gross Loans
Total Assets
576,081 519,832 460,541 394,124 459,263 391,849 382,498 325,219
Net Assets
67,238 62,937 18,439 19,668 26,258 16,840 17,989 18,505
CASA 91.8% 90.8% 51.3% 46.4% 53.2% 49.2% 59.4% 68.5%
EPS 2.90 2.13 0.34 0.79 0.00 -00 1.62 1.51
Market Price 24.12 23.85 7.37 7.52 0 -00 12.67 13.40
93,383 92,337 9,562 8,065 -00 -00 13,968 14,773
idd

DIB BOK Islami Silk Citib ank
2018 2017 2018 2017 2018 2017 2018 2017 2018 2017
Ranking
By total assets 17 19 18 17 19 18 20 20 21 22
By net assets 17 18 21 17 18 19 19 20 23 23
By p rofit b efore tax 16 17 21 16 23 22 18 19 15 14
Profit before tax

4,119 2,564 707 2,795 513 271 1,876 1,387 5,951 3755
Net Interest Margin 2.8% 2.6% 1.9% 1.4% 2.4% 1.9% 4.1% 3.7% 0.9% 1.2%
Spread 5.0 5.3 3.1 2.4 4.1 4.0 8.2 8.0 4.0 1.9
Return on Average Equity 15.9% 11.9% 3.4% 11.4% 2.2% 12.4% 9.6% 9.0% 37.4% 23.0%
Return on Average Assets 1.2% 1.0% 0.2% 0.8% 0.1% 0.8% 0.8% 0.8% 2.8% 1.9%

74.2% 89.5% 79.3% 78.7% 113.4% 124.1% 104.1% 118.3% 52.6% 73.9%
3.6% 4.1% 2.5% 2.4% 3.8% 3.8% 5.7% 6.6% 2.5% 2.8%

222 185 (171) (123) (3) (392) 1,269 554 (55) (68)
Im pairm ent cover

19.6 14.9 - - - - 2.5 3.5 - -
(Tim es)

1.9% 1.9% 4.7% 5.5% 11.9% 12.1% 6.4% 6.5% 6.4% 10.3%
to Gross Loans
Total Assets
231,823 184,994 223,095 245,132 216,833 218,861 173,677 166,855 140,948 120,220
Net Assets
16,750 14,912 11,705 15,398 15,276 14,227 14,387 13,181 10,620 9,203
Capital Adequacy Ratio 14.0% 13.4% 12.3% 20.0% 15.1% 14.7% 10.9% 10.9% 24.9% 27.8%
CASA 70.6% 69.4% 53.1% 49.5% 68.3% 72.6% 61.1% 59.5% 70.2% 81.2%
EPS 2.15 1.41 0.47 1.79 0.33 1.66 0.15 0.13 - -
Market Price 0.00 -00 12.95 13.50 12 9.29 1.25 1.58 - -
- - 12,953 13,503 12,095 9,364 11,352 14,349 - -
Alb araka Samb a DB BOC BOT
2018 2017 2018 2017 2018 2017 2018 2017 2018 2017
Ranking
By total assets 22 21 23 23 24 24 25 26 26 25
By net assets 22 22 20 21 24 24 25 25 26 26
By p rofit b efore tax 28 28 19 21 22 20 29 27 24 23

(245) (531) 1,110 931 613 1,142 (524) (211) 189 225
Spread 5.2 4.9 3.6 1.7 3.9 5.6 (2.3) -00.0 2.4 1.1
Return on Average Equity -2.4% -3.5% 5.4% 5.9% 5.0% 11.4% -4.5% -8.0% 3.3% 3.3%
Return on Average Assets -0.2% -0.3% 0.6% 0.7% 1.0% 2.4% -2.6% -7.0% 1.2% 1.1%

113.6% 136.1% 84.8% 86.6% 136.7% 132.4% 2376.7% - 125.5% 151.8%
4.9% 5.0% 3.8% 3.9% 6.1% 5.4% 15.5% 0.0% 5.1% 3.4%

770 185 68 101 (5) 2 -00 -00 15 -00
Im pairm ent cover

0.7 0.0 17.2 10.2 0.0 670.9 - -00 13.5 -00
(Tim es)

8.8% 10.1% 4.3% 5.5% 1.5% 1.7% 0.0% 0.0% 0.0% 0.0%
to Gross Loans
Total Assets
128,813 122,652 122,764 118,224 35,391 34,300 14,764 6,031 8,977 14,693
(Rupees in Millions)
Net Assets
10,705 10,762 12,784 12,708 7,597 6,953 6,465 5,310 4,299 4,163
(Rupees in Millions)
Capital Adequacy Ratio 11.8% 10.2% 19.0% 19.7% 27.6% 28.8% 129.2% 1139.3% 93.8% 67.3%
CASA 75.6% 78.2% 54.9% 57.7% 59.0% 32.6% 7.0% 0.0% 27.3% 12.2%
EPS -0.18 (0.28) 0.68 0.73 0.00 -00 0.00 -00 0.00 -00
Market Price 0 -00 8.04 6.96 0 -00 0 -00 0 -00
-00 -00 8,106 7,017 -00 -00 -00 -00 -00 -00
idd

Islamic Banks
Meezan DIB Islami Albaraka MCBIB

2018 2017 2018 2017 2018 2017 2018 2017 2018 2017
Ranking
By total assets 1 1 2 3 3 2 4 4 5 5
By net assets 1 1 2 2 3 3 4 4 5 5
By profit before tax 1 1 2 2 3 3 4 5 5 4
15,181 9,933 4,119 2,564 513 271 (245) (531) (1,681) (351)
(Rupees in millions)
Spread 4.0 3.6 5.0 5.3 4.1 4.0 5.2 4.9 4.1 3.7
Return on Average Equity 22.3% 15.8% 15.9% 11.9% 2.2% 12.4% -2.4% -3.5% -11.1% -2.6%
Return on Average Assets 1.1% 0.8% 1.2% 1.0% 0.1% 0.8% -0.2% -0.3% -1.5% -0.7%
71.6% 84.0% 74.2% 89.5% 113.4% 124.1% 113.6% 136.1% 162.2% 174.9%
Interest Income Ratio
2.8% 2.8% 3.6% 4.1% 3.8% 3.8% 4.9% 5.0% 5.8% 7.9%
1,168 1,283 222 185 (3) (392) 770 185 896 (0.1)
Impairment cover
14.0 8.7 19.6 14.9 - 0.3 0.7 - - -
(Times)
Non Performing Advances
1.3% 1.5% 1.9% 1.9% 11.9% 12.1% 8.8% 10.1% 0.0% 0.0%
to Gross Loans
Total Assets
941,751 793,076 231,823 184,994 216,833 218,861 128,813 122,652 94,894 51,746
Net Assets 43,577 38,410 16,750 14,912 15,276 14,227 10,705 10,762 10,070 9,631
Capital Adequacy ratio 14.9% 13.4% 14.0% 13.4% 15.1% 14.7% 11.8% 10.2% 13.3% 23.8%
CASA 72.6% 73.8% 70.6% 69.4% 68.3% 72.6% 75.6% 78.2% 85.8% 76.4%
EPS 7.66 4.95 2.15 1.41 0.33 1.66 (0.18) (0.28) (0.99) (0.26)
Market Price 92.39 67.10 - - 12.00 9.29 - - - -
108,022 71,321 - - 12,095 9,364 - - - -
idd

Summary of Financial Information
Assets as at 31 December 2018
Operating fixed
Lendings to Loans and
assets &
Bank Cash & bank Investments financial advances - net Other assets Total assets
intangible
institutions of provisions
assets
Rupees in m illion s
HBL 3 22,103 1,3 90,052 51,277 1,080,440 71,949 110,03 2 3,025,8 53
NBP 26 0,96 7 1,284,974 106 ,3 92 926 ,3 40 55,195 170,018 2,8 03,8 8 6
UBL 229,6 6 3 83 1,159 3 5,3 47 754,552 52,774 98,998 2,002,493
MCB 123 ,503 754,3 86 3 9,150 56 6 ,792 44,984 56 ,3 95 1,58 5,210
ABL 101,752 6 72,587 53 ,786 43 8,3 58 52,156 3 3 ,751 1,352,390
BAH 82,443 414,981 - 478,214 26 ,3 6 4 46 ,724 1,048 ,726
BAF 86 ,3 19 279,252 6 2,172 501,6 40 19,6 3 4 59,588 1,008 ,605
Meezan 73 ,299 127,115 184,815 512,56 5 13 ,873 3 0,084 941,751
BOP 49,427 210,053 27,443 3 82,110 9,6 91 3 5,992 714,716
Askari 53 ,281 26 0,23 4 - 3 43 ,107 13 ,53 3 3 6 ,511 706,666
HMB 50,094 3 41,284 11,985 23 6 ,113 4,111 3 5,252 678 ,8 39
Faysal 45,023 213 ,816 2,997 296 ,445 13 ,406 28,3 09 599,996
SCB 52,6 3 8 279,06 6 6 ,46 5 16 9,544 3 3 ,93 3 3 4,43 5 576,08 1
JS 3 3 ,090 149,6 01 1,93 7 252,3 08 9,154 14,451 460,541
ICBC 3 1,6 74 175,857 207,924 22,713 593 20,502 459,263
Soneri 27,199 146 ,6 46 3 ,921 186 ,475 6 ,6 93 11,56 4 38 2,498
DIB 18,995 45,851 4,000 153 ,3 06 1,551 8,120 231,8 23
BOK 16 ,057 94,23 3 7,6 96 95,012 2,295 7,802 223,095
Islami 15,457 3 9,23 7 18,174 118,3 21 9,857 15,787 216,8 33
Silk 9,182 28,925 12,6 12 98,3 54 4,208 20,3 96 173,677
Citibank 9,76 7 6 6 ,498 12,459 40,004 486 11,73 4 140,948
Albaraka 15,789 21,3 45 - 75,012 3 ,884 12,783 128 ,8 13
SAMBA 5,6 51 48,021 9,449 53 ,592 1,185 4,86 6 122,764
DB 7,182 - 19,151 6 ,249 215 2,594 35,391
BOC 7,249 6 ,570 276 13 4 23 6 299 14,764
BOT 3 ,6 3 4 93 4 2,46 8 1,823 10 108 8 ,977
1,731,438 7,8 8 2,677 8 8 1,8 96 7,78 9,523 451,970 907,095 19,644,599
Liabilities and Equity as at 31 December 2018
Subordinated
Bank Bills payable Borrowings Deposits Other liabilities Equity Total
loans
HBL 42,46 1 523 ,3 19 2,13 7,293 9,990 113 ,53 8 199,252 3,025,8 53
NBP 9,944 3 92,73 9 2,011,3 13 - 178,829 211,06 1 2,8 03,8 8 6
UBL 27,273 279,918 1,448,3 24 9,000 6 9,3 54 16 8,6 24 2,002,493
MCB 17,003 223 ,216 1,122,3 07 3 ,891 6 7,470 151,3 23 1,58 5,210
ABL 7,753 225,883 984,46 3 - 25,501 108,790 1,352,390
BAH 20,6 04 119,03 8 796 ,852 14,996 47,241 49,995 1,048 ,726
BAF 3 5,988 124,018 702,847 11,989 56 ,741 77,022 1,008 ,605
Meezan 23 ,751 3 6 ,408 785,444 14,000 3 8,571 43 ,577 941,751
BOP 3 ,578 41,801 595,56 2 8,797 27,102 3 7,876 714,716
Askari 15,513 52,702 573 ,597 9,994 21,26 0 3 3 ,6 00 706,666
HMB 12,173 53 ,009 542,840 - 3 0,3 6 5 40,452 678 ,8 39
Faysal 23 ,544 98,3 52 409,3 83 - 25,184 43 ,53 3 599,996
SCB 16 ,943 24,024 424,899 - 42,977 6 7,23 8 576,08 1
JS 3 ,520 96 ,558 3 19,807 7,497 14,720 18,43 9 460,541
ICBC 1,292 3 55,486 6 6 ,540 - 9,6 87 26 ,258 459,263
Soneri 3 ,994 81,96 3 26 2,3 79 6 ,996 9,177 17,989 38 2,498
DIB 2,811 12,6 71 182,187 7,120 10,284 16 ,750 231,8 23
BOK 895 3 4,842 171,16 7 - 4,486 11,705 223,095
Islami 3 ,242 7,819 184,43 0 - 6 ,06 6 15,276 216,8 33
Silk 2,86 6 18,052 13 2,6 6 4 2,000 3 ,708 14,3 87 173,677
Citibank 4,199 14,124 95,03 6 - 16 ,970 10,6 19 140,948
Albaraka 3 ,6 98 3 ,83 6 99,915 3 ,746 6 ,913 10,705 128 ,8 13
SAMBA 877 3 9,780 6 5,225 - 4,098 12,784 122,764
DB 1,3 14 2,872 20,100 - 3 ,508 7,597 35,391
BOC - - 7,228 - 1,071 6 ,46 5 14,764
BOT 20 555 3 ,784 - 3 19 4,299 8 ,977
28 5,256 2,8 62,98 5 14,145,58 6 110,016 8 35,140 1,405,616 19,644,599
idd

Income Statement for the year ended 31 December 2018
Net Profit / (loss) Other
Net
markup / Non funded Operating Profit before Profit / (loss) from Profit / (loss) Comprehensive
Bank provision / Taxation
interest income expenses provisions before tax discontinuing after tax Income
(reversal)
income operations
Rupees in millions
HBL 81,677 19,894 74,978 26,593 5,009 21,585 9,144 - 12,441 3,899
NBP 60,891 37,674 57,481 41,084 11,205 29,879 9,844 - 20,034 11,442
UBL 58,248 27,343 33,787 51,804 13,102 38,703 10,338 - 28,365 (4,587)
MCB 48,006 18,512 36,534 29,984 (822) 30,806 10,391 - 20,415 (6,613)
ABL 32,118 11,880 23,511 20,487 (1,090) 21,577 8,201 - 13,376 (3,418)
BAH 30,905 7,184 23,562 14,527 221 14,306 5,853 - 8,453 (1,268)
BAF 31,591 11,134 24,776 17,949 545 17,403 6,887 475 10,991 3,177
Meezan 28,176 8,360 20,187 16,349 1,168 15,181 6,046 - 9,135 (869)
BOP 20,121 3,700 12,770 11,051 (1,222) 12,273 4,651 - 7,622 379
Askari 18,610 5,622 15,892 8,340 1,461 6,879 2,448 (3) 4,429 (3,319)
HMB 16,654 6,100 12,028 10,726 382 10,344 3,924 - 6,420 (6,463)
Faysal 16,276 6,377 14,774 7,879 (422) 8,301 3,416 - 4,885 (460)
SCB 18,830 9,688 11,289 17,229 (1,218) 18,448 7,207 - 11,240 (40)
JS 8,961 3,071 10,802 1,230 158 1,072 432 - 640 (1,688)
ICBC 8,729 2,256 2,427 8,558 147 8,411 3,345 - 5,066 (25)
Soneri 6,953 3,260 7,380 2,833 (71) 2,904 1,121 - 1,783 (1,473)
DIB 8,123 2,248 6,030 4,341 222 4,119 1,611 - 2,508 (671)
BOK 5,139 (526) 4,077 536 (171) 707 241 - 466 (2,659)
Islami 6,059 1,324 6,873 510 (3) 513 190 - 323 725
Silk 6,605 3,415 6,875 3,145 1,269 1,876 547 - 1,329 (142)
Citibank 4,178 3,916 2,198 5,896 (55) 5,951 2,242 - 3,709 (59)
Albaraka 4,217 1,097 4,788 526 770 (244) 9 - (253) 197
SAMBA 2,708 767 2,297 1,178 68 1,110 427 - 683 (607)
DB 970 965 1,327 608 (5) 614 248 - 366 15
BOC 24 13 561 (524) - (524) (258) - (266) -
BOT 269 272 338 203 15 188 51 - 137 (2)
525,038 195,546 417,542 303,043 30,663 272,380 98,556 472 174,298 (14,529)
Islamic Banks

Islamic
Due from Fixed assets &
financing and
Bank Cash & bank Investments financial intangible Other assets Total assets
related assets -
institutions assets
net
Meezan 73 ,299 127,115 184,815 512,56 5 13 ,873 3 0,084 941,751
DIB 18,995 45,851 4,000 153 ,3 06 1,551 8,120 231,8 23
Islami 15,457 3 9,23 7 18,174 118,3 21 9,857 15,787 216,8 33
Albaraka 15,789 21,3 45 - 75,012 3 ,884 12,783 128 ,8 13
MCBIB 8,413 12,714 4,6 75 6 2,907 3 ,145 3 ,040 94,8 94
131,953 246,262 211,664 922,111 32,310 69,8 14 1,614,114
Due to financial Subordinated

Bank Bills payable Deposits Other liabilities Equity Total
institutions loans
Meezan 23 ,751 3 6 ,408 785,444 14,000 3 8,571 43 ,577 941,751
DIB 2,811 12,6 70 182,187 7,120 10,284 16 ,750 231,8 23
Islami 3 ,242 7,820 184,43 0 - 6 ,06 6 15,276 216,8 33
Albaraka 3 ,6 98 3 ,83 6 99,915 3 ,746 6 ,913 10,705 128 ,8 13
MCBIB 1,3 04 7,801 73 ,3 07 - 2,413 10,06 9 94,8 94
34,8 06 68 ,535 1,325,28 3 24,8 66 64,247 96,377 1,614,114

Net Other
Profit / Other Operating Profit before Profit / (loss) Profit / (loss)
Bank provision / Taxation Comprehensive
return income expenses provisions before tax after tax
(reversal) Income
Rupees in millions
Meezan 28,176 8,360 20,187 16,349 1,168 15,181 6,046 9,135 (869)
DIB 8,123 2,248 6,030 4,341 222 4,119 1,611 2,508 (671)
Islami 6,059 1,324 6,873 510 (3) 513 190 323 725
Albaraka 4,217 1,097 4,789 525 770 (245) 9 (254) 197
MCBIB 1,904 399 3,088 (785) 896 (1,681) (584) (1,097) 335
48,479 13,428 40,967 20,940 3,053 17,887 7,272 10,615 (284)
idd

Islamic Banking Business of Conventional Banks
Due from Islamic

Operating fixed
Bank Cash & bank Investments financial financing and Other assets Total assets
assets
institutions related assets
HBL 19,3 6 6 75,297 13 ,03 2 103 ,483 187 8,711 220,076
BAF 12,496 23 ,200 17,986 85,83 6 2,792 4,784 147,094
Faysal 8,046 27,6 21 - 78,6 6 0 1,993 2,26 4 118 ,58 4
MCB 8,413 12,714 4,6 75 6 2,907 3 ,145 3 ,040 94,8 94
BAH 8,979 15,158 - 49,6 90 3 27 4,125 78 ,279
UBL 13 ,483 3 0,747 10,06 7 22,596 3 40 285 77,518
SCB 2,859 6 ,488 4,873 49,010 33 1,776 65,039
Askari 3 ,809 8,170 - 46 ,6 10 548 1,6 26 60,763
NBP 4,6 54 23 ,914 1,418 26 ,827 276 1,999 59,08 8
BOK 5,852 10,574 2,000 3 5,46 7 286 86 8 55,047
HMB 3 ,3 41 21,3 13 1,000 17,715 82 2,6 6 2 46,113
BOP 4,3 96 9,599 5,3 50 19,996 3 09 1,73 1 41,38 1
Silk 1,93 0 3 ,852 - 26 ,902 295 2,23 3 35,212
ABL 4,158 10,249 3 ,53 0 6 ,927 1,141 1,3 00 27,305
Soneri 1,219 5,148 - 8,005 208 190 14,770
103,001 28 4,044 63,931 640,631 11,962 37,594 1,141,163
Due to financial
Bills payable Deposits Other liabilities Equity Total
Bank institutions
HBL 8 1,552 203 ,248 3 ,918 11,3 50 220,076
BAF 3 ,854 6 ,019 113 ,526 11,3 75 12,3 20 147,094
Faysal 5,6 6 6 11,158 6 9,489 25,23 7 7,03 4 118 ,58 4
MCB 1,3 04 7,801 73 ,3 07 2,413 10,06 9 94,8 94
BAH 21 6 ,43 9 57,23 0 7,489 7,100 78 ,279
UBL 43 0 143 73 ,43 5 981 2,529 77,518
SCB 94 3 ,289 43 ,3 3 4 11,86 7 6 ,455 65,039
Askari 758 8,999 42,3 3 9 4,482 4,185 60,763
NBP 228 - 51,022 4,986 2,852 59,08 8
BOK 337 1,500 45,894 2,247 5,06 9 55,047
HMB 6 58 1,86 5 3 8,6 84 1,474 3 ,43 2 46,113
BOP 210 - 3 6 ,501 2,273 2,3 97 41,38 1
Silk 480 - 3 0,96 0 3 59 3 ,413 35,212
ABL 147 - 24,6 3 3 180 2,3 45 27,305
Soneri 16 2 3 28 12,23 7 26 3 1,780 14,770
14,357 49,093 915,8 39 79,544 8 2,330 1,141,163
Other Profit / (loss) Net

Net profit / Operating Profit / (loss)
Bank income / before provision /
return expenses before tax
(loss) provisions (reversal)
HBL 5,3 02 13 5 1,098 4,3 3 9 6 4,333
BAF 5,6 3 3 1,076 4,405 2,3 04 293 2,011
Faysal 3 ,517 515 3 ,26 0 772 19 753
MCB 1,904 3 99 3 ,088 (785) 896 (1,68 1)
BAH 2,072 275 1,3 50 997 69 928
UBL 2,257 206 1,6 10 853 7 8 46
SCB 3 ,3 97 897 1,6 46 2,6 48 (24) 2,672
Askari 1,86 5 226 1,821 270 37 233
NBP 1,6 95 3 44 2,008 31 87 (56)
BOK 2,123 187 1,488 822 (3 ) 8 25
HMB 913 183 6 18 478 32 446
BOP 1,799 68 1,26 2 6 05 157 448
Silk 1,458 50 6 85 823 1 8 22
ABL 6 56 79 1,084 (3 49) 0 (349)
Soneri 3 78 71 3 20 129 0 129
34,969 4,711 25,743 13,937 1,577 12,360
idd

Spread
Average spread of banks has increased to 3.97% in 2018 as compared to 3.73% in 2017.
BOC has been excluded from this chart as 2018 is their full year of operation. Their spread in
2018 was (2.3).
In percentages
0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0
Silk 8.2
8.0
Faysal 5.4
4.6
BAF 5.3
4.8
SCB 5.3
5.7
Albaraka 5.2
4.9
HBL 5.1
5.0
DIB 5.0
5.3 Difference between
NBP 5.0 mark-up / return /
4.6 interest earned on loans
BOP 4.4
4.0 and advances as a
MCB 4.4 percentage of average
4.1
4.1 loans and advances at
Islami 4.0 two year ends and mark-
ABL 4.1 up / return / interest
3.9
4.1 expense on deposits as
JS
2.7 a percentage of average
Meezan 4.0 deposits at two year
3.6
Citibank 4.0 ends
1.9
Askari 3.9
3.4
DB 3.9
5.6
UBL 3.7
3.2
BAH 3.6
3.0
SAMBA 3.6
1.7
Soneri 3.1
2.8
BOK 3.1
2.4
HMB 2.7
2.8
BOT 2.4
1.1
ICBC 2.1
3.7
2018 2017
Average spread of Islamic banks in 2018 was 4.49% as compared to
4.30% in 2017.
In percentages
0.0 1.0 2.0 3.0 4.0 5.0 6.0 Difference between
profit / return earned on
Albaraka 5.2 Islamic financing as a
4.9
percentage of average
5.0 Islamic financing assets
DIB
5.3 at two year ends and
profit / return expense
4.1 on deposits as a
MCBIB
3.7 percentage of average
deposits at two year
Islami 4.1 ends
4.0
Meezan 4.0
3.6
2018 2017
idd

Operating Expenses
Information
Compensation Other operating
Property expenses technology Total
expenses expenses
expenses
2018 2017 2018 2017 2018 2017 2018 2017 2018 2017
HBL 29,183 29,055 12,253 10,13 4 5,3 97 5,03 5 28,145 (5,570) 74,978 3 8,6 54
NBP 3 8,3 04 3 2,020 8,943 7,958 1,479 2,086 8,755 7,977 57,481 50,041
UBL 17,6 87 15,959 7,584 7,024 3 ,150 2,6 52 5,3 6 6 13 ,6 95 3 3 ,787 3 9,3 3 1
MCB 15,759 13 ,6 09 7,585 5,982 2,975 2,53 2 10,215 8,943 3 6 ,53 4 3 1,06 6
ABL 12,43 9 11,152 6 ,186 5,495 2,245 1,804 2,6 41 3 ,86 3 23 ,511 22,3 14
BAH 10,26 8 8,83 8 4,248 3 ,850 1,110 86 7 7,93 6 6 ,6 09 23 ,56 2 20,16 4
BAF 9,873 10,246 4,807 4,578 2,284 2,159 7,812 8,3 08 24,776 25,291
Meezan 10,6 56 8,899 4,522 4,058 1,099 1,044 3 ,910 3 ,426 20,187 17,427
BOP 6 ,299 5,115 2,013 1,6 51 895 541 3 ,56 3 2,911 12,770 10,218
Askari 8,502 8,06 4 3 ,540 3 ,206 903 854 2,947 3 ,018 15,892 15,142
HMB 5,53 9 5,121 2,6 78 2,428 597 482 3 ,214 2,6 88 12,028 10,719
Faysal 5,3 01 4,3 91 3 ,6 6 8 3 ,3 13 1,707 1,455 4,098 3 ,6 15 14,774 12,774
SCB 5,984 5,787 2,278 2,16 9 598 501 2,43 0 3 ,286 11,289 11,743
JS 5,3 6 5 4,205 2,3 42 1,96 2 666 489 2,429 2,6 04 10,802 9,26 0
ICBC 1,93 2 1,098 13 7 157 39 32 3 18 221 2,427 1,508
Soneri 2,990 2,796 1,923 1,93 1 842 6 95 1,6 24 1,581 7,3 80 7,003
DIB 2,6 20 2,292 1,3 47 1,3 84 53 5 53 7 1,528 1,541 6 ,03 0 5,755
BOK 2,26 9 2,256 740 6 78 367 293 702 551 4,077 3 ,778
Islami 2,770 2,73 2 2,159 1,926 559 456 1,3 85 1,204 6 ,873 6 ,3 18
Silk 3 ,3 78 2,713 1,3 72 1,3 26 294 335 1,83 1 2,114 6 ,875 6 ,488
Citibank 631 6 82 362 3 97 103 101 1,102 994 2,198 2,174
Albaraka 1,927 1,876 1,3 22 1,43 9 408 418 1,13 1 1,221 4,788 4,953
SAMBA 1,255 1,114 3 79 3 53 195 214 46 8 360 2,297 2,041
DB 53 2 411 182 174 54 54 558 366 1,3 27 1,005
BOC 3 53 72 124 54 26 - 58 67 56 1 193
BOT 193 92 28 30 21 16 96 113 338 251
202,009 18 0,595 8 2,722 73,657 28 ,548 25,652 104,260 75,707 417,539 355,611
Islamic Banks
Compensation Information Other operating

Property expenses Total
expenses technology expenses expenses
2018 2017 2018 2017 2018 2017 2018 2017 2018 2017
Meezan 10,6 56 8,899 4,522 4,058 1,099 1,044 3 ,910 3 ,426 20,187 17,427
DIB 2,6 20 2,292 1,3 47 1,3 84 53 5 53 7 1,528 1,541 6 ,03 0 5,755
Islami 2,770 2,73 2 2,159 1,926 559 456 1,3 85 1,204 6 ,873 6 ,3 18
Albaraka 1,927 1,876 1,3 22 1,43 9 408 418 1,13 1 1,221 4,788 4,953
MCBIB 1,3 19 1,010 884 403 369 170 516 26 2 3 ,089 1,845
19,292 16,8 09 10,234 9,210 2,970 2,625 8 ,470 7,654 40,966 36,298
Operating Expense to Average Deposits
The operating expenses to average deposits of banks under review have increased from
3.1% to 3.2%.
BOC has been excluded from this chart as 2018 is their full year of operation. Their
operating expense to average deposits was 15.5% in 2018.
In percentages
0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0%
BOP 2.2%
2.0%
HMB 2.3 %
2.3 % 2.5 %
Citibank 2.8 %
BOK 2.5 %
2.4%
ABL 2.6 % 2.5 %
2.8 %
SCB 3 .2%
Meezan 2.8 %
2.8 % 2.9 %
Askari 3 .0%
3 .0%
Soneri 3 .2%
UBL 2.4%
3 .1%
NBP 3 .1%
3 .0%
BAH 3 .2%
3 .2%
MCB 3 .4%
3 .5 %
DIB 3 .6 %
4.1%
JS 3 .6 %
3 .6 % 3 .7%
BAF 3 .9 %
ICBC 3 .9 %
2.7%
Faysal 3 .8 %
3 .6 %
HBL 3 .6 %
2.0%
Islami 3 .8 %
3 .8 %
SAMBA 3 .8 %
3 .9 %
Albaraka 4.9 %
5 .0%
BOT 3 .4% 5 .1%
Silk 5 .7% 6 .6 %
DB 5 .4% 6 .1%
2018 2017
Islamic Banks
The operating expenses to average deposits of Islamic banks under review have slightly increased from
2.68% to 2.71%
In percentages
0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%
Meezan 2.8%
2.8%
DIB 3.6%
4.1%
Islami 3.8%
3.8%
Albaraka 4.9%
5.0%
MCBIB 5.8%
7.9%
2018 2017
idd

Compensation Expense to Average Deposits
The compensation expenses to average deposits of banks under review have slightly increased
from 1.49% to 1.50%.
BOC has been excluded from this chart as 2018 is their full year of operation. Their
compensation expense to average deposits was 9.8% in 2018.
In percentages
0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0%
0.7%
Citibank 0.9%
1.1%
HMB 1.1%
BOP 1.1%
1.0%
1.2%
Soneri 1.3%
1.3%
UBL 1.2%
1.3%
ABL 1.3%
1.4%
Faysal 1.2% 1.4%
BOK 1.4%
BAH 1.4%
1.4%
1.4%
HBL 1.5%
1.5%
BAF 1.6%
1.5%
Meezan 1.5%
1.5%
MCB 1.5%
SCB 1.5%
1.6%
Islami 1.5%
1.6%
Askari 1.5%
1.6%
1.6%
DIB 1.6%
1.8%
JS 1.6%
2.0%
Albaraka 1.9%
NBP 2.0%
1.9%
SAMBA 2.1%
2.1%
DB 2.5%
2.2%
Silk 2.8%2.8%
BOT 2.9%
1.3%
ICBC 3.1%
2.0%
2018 2017
Islamic Banks
The compensation expenses to average deposits of Islamic banks under review have slightly increased
from 1.29% to 1.31%.
In percentages
0.00% 1.00% 2.00% 3.00% 4.00% 5.00%
Meezan 1.47%
1.5%
Islami 1.53%
1.6%
DIB 1.58%
1.6%
Albaraka 1.96%
1.9%
MCBIB 2.49%
4.3%
2018 2017
Compensation expenses
Compensation expenses averaged approximately 47.6% of total operating
expenses in 2018 (2017: 47.6%).
Compensation Expenses Number of staff
2018 2017 2018 2017
R upees in m illion s Num bers
HBL 29,183 29,055 20,254 18,243
NBP 3 8,3 04 3 2,020 16 ,876 16 ,590
UBL 17,6 87 15,959 14,597 15,53 6
MCB 15,759 13 ,6 09 14,952 14,3 76
ABL 12,43 9 11,152 11,3 98 11,243
BAF 9,873 10,246 8,6 99 8,020
BAH 10,26 8 8,83 8 13 ,221 11,944
Meezan 10,6 56 8,899 10,6 53 10,03 0
Askari 8,502 8,06 4 7,53 8 7,53 4
HMB 5,53 9 5,121 4,26 1 4,16 0
SCB 5,984 5,787 3 ,220 3 ,6 50
Faysal 5,3 01 4,3 91 6 ,210 3 ,977
ICBC 1,93 2 1,098 102 95
JS 5,3 6 5 4,205 8,570 5,3 6 4
Soneri 2,990 2,796 2,857 2,870
BOK 2,26 9 2,256 1,3 88 1,405
Islami 2,770 2,73 2 3 ,200 3 ,548
DIB 2,6 20 2,292 2,774 2,6 12
Silk 3 ,3 78 2,713 4,112 3 ,711
Albaraka 1,927 1,876 2,03 2 1,929
Citibank 631 6 82 13 5 13 9
SAMBA 1,255 1,114 719 501
DB 53 2 411 83 119
BOP 6 ,299 5,115 8,6 75 7,404
BOC 3 53 72 45 33
BOT 193 92 40 43
202,009 18 0,595 166,611 155,076
Islamic Banks
Compensation Expenses Number of staff
2018 2017 2018 2017
Rupees in m illion s Num bers
Meezan 10,6 56 8,899 10,6 53 10,03 0
DIB 2,6 20 2,292 2,774 2,6 12
Islami 2,770 2,73 2 3 ,200 3 ,548
Albaraka 1,927 1,876 2,03 2 1,929
MCBIB 1,3 19 1,010 1,493 950
19,292 16,8 09 20,152 19,069
idd

Remuneration of Executives
CEO Remuneration Remuneration of Executives Number of Executives
2018 2017 2018 2017 2018 2017
Rupees in th ousan ds Num bers
HBL * 249,579 174,186 12,496 ,289 9,848,101 1,6 74 1,53 1
NBP 6 8,401 59,599 10,496 ,779 10,107,181 2,520 2,3 25
UBL 13 4,718 216 ,23 3 6 ,6 3 4,784 6 ,925,13 3 817 826
MCB 103 ,050 95,448 6 ,76 4,589 5,3 3 2,6 29 2,3 11 1,599
ABL 51,755 45,053 4,803 ,099 4,743 ,3 10 1,591 1,6 83
BAF 108,887 179,46 9 3 ,425,6 76 5,6 3 1,596 579 2,003
BAH 73 ,707 59,452 3 ,082,6 91 2,406 ,03 6 631 500
Meezan * 74,758 73 ,854 1,552,111 1,26 4,250 297 250
Askari * 71,212 106 ,215 2,3 3 4,06 4 2,151,013 454 428
HMB * 121,06 3 86 ,6 82 93 3 ,6 25 1,004,784 180 207
SCB * 86 ,252 73 ,444 1,93 7,745 1,784,147 3 57 3 19
Faysal * 49,847 3 0,103 2,099,703 1,953 ,211 76 2 6 88
Remuneration of
ICBC 41,442 3 4,786 76 9,755 76 8,6 07 55 86
executives
JS 48,595 41,6 26 2,124,6 80 1,86 2,087 597 456
Soneri * 6 0,416 6 0,413 86 5,6 82 73 6 ,917 222 186
Remuneration of BOK 24,156 23 ,213 3 16 ,572 26 4,571 72 61
executives Islami 6 5,917 3 7,506 3 76 ,6 93 974,809 92 56 0

DIB 82,6 90 76 ,970 6 40,223 526 ,3 93 110 93
Silk 98,93 0 94,526 1,178,93 9 1,021,740 214 184
Albaraka 42,199 47,907 1,052,070 96 2,825 549 481
Citibank 83 ,718 79,708 3 53 ,6 6 1 3 6 9,6 23 50 52
SAMBA 91,3 57 83 ,3 02 53 2,872 452,217 94 80
DB 73 ,593 83 ,744 3 14,559 279,6 08 71 63
BOP 126 ,83 0 115,547 2,554,6 94 2,113 ,953 1,289 1,110
BOC 52,144 19,573 129,86 5 20,022 10 5
BOT 17,597 24,886 44,894 3 0,16 6 23 21
2,102,8 13 2,023,445 67,8 16,314 63,534,929 15,621 15,797
Islamic Banks
CEO Remuneration Remuneration of Executives Number of Executives
2018 2017 2018 2017 2018 2017
Rupees in th ousan ds Num bers
Meezan * 74,758 73 ,854 1,552,111 1,26 4,250 297 250
Remuneration of DIB 82,6 90 76 ,970 6 40,223 526 ,3 93 110 93
executives
Islami 6 5,917 3 7,506 3 76 ,6 93 974,809 92 56 0
Albaraka 42,199 47,907 1,052,070 96 2,825 549 481
Loans MCBIB 3 8,56 3 47,946 803 ,13 3 545,6 95 3 02 23 9
and 304,127 28 4,18 3 4,424,230 4,273,972
Advanc
es Remuneration of
The above information has been obtained from the note “Compensation of Directors and Executives” in the Financial
Statements of the Banks. However, for the institutions marked with an asterisk *, information about certain benefits such
as performance bonus and shares options scheme is disclosed in other notes. In most cases the information has been
executives disclosed in aggregate with either key management personnel or with executives. The amount paid to CEO is not
identified separately. Accordingly, those benefits are not included in the CEO remuneration.
The CEO remuneration disclosed above have been taken from the un-consolidated financial statements.
idd

Loans and Advances
Total loans and advances of banks under review have increased by
22.27% in 2018 (2017: 20.77%) to Rs. 8,322 billion at 31 December
2018 (2017: Rs. 6,807 billion). The growth of various categories of
banks was as follows:
2018 2017
In percentages
All Banks 22.27% 20.77%
Islamic Banks 20.59% 33.01%
Growth in Loans and Advances

Annual increase Gross Advances
2017-18 2016-17 2018 2017 2016
In percen tages Rupees in m illion s
HBL 25 13 1,152,43 4 921,008 817,250
NBP 24 10 1,06 0,517 858,208 783 ,555
UBL 15 23 815,572 709,742 579,159
MCB 12 42 6 10,029 546 ,6 72 3 84,170
ABL 17 11 453 ,907 3 88,794 3 49,056
BAF 24 5 518,3 98 417,188 3 95,86 9
BAH 40 29 485,945 3 47,46 6 26 9,26 8
Meezan 22 34 522,26 4 428,73 4 3 19,6 17
Askari 30 8 3 6 9,259 284,3 40 26 2,123
HMB 27 24 252,6 74 198,217 159,882
SCB 19 18 187,16 2 157,259 13 3 ,6 3 1
Faysal 25 11 3 20,258 255,827 229,826
ICBC 178 35 22,943 8,247 6 ,097
JS 37 94 255,46 4 186 ,900 96 ,472
Soneri 13 29 194,83 1 172,772 13 3 ,753
BOK 13 143 99,16 7 87,6 73 3 6 ,054
Islami (1) 46 129,484 13 0,6 81 89,6 3 7
DIB 28 27 155,46 3 121,481 95,714
Silk 15 30 103 ,56 6 90,13 8 6 9,3 12
Albaraka 6 6 79,772 75,492 71,090
Citibank 57 12 42,748 27,282 24,288
SAMBA 32 37 55,892 42,503 3 0,988
DB 9 75 6 ,3 54 5,814 3 ,3 18
BOC 100 - 13 4 - -
BOP 25 16 426 ,222 3 42,109 294,297
BOT (17) 19 1,823 2,198 1,852
22 21 8 ,322,28 2 6,8 06,745 5,636,278
Annualised Increase (2016– 18)
In percentages
(10.0) 10.0 30.0 50.0 70.0 90.0 110.0
HBL 18.7
NBP 16.3
UBL 18.7
MCB 26.0
ABL 14.0
BAF 14.4
BAH 34.3
Meezan 27.8
Askari 18.7
HMB 25.7
SCB 18.3
Faysal 18.0
ICBC 94.0
JS 62.7
Soneri 20.7
BOK 65.8
Islami 20.2
DIB 27.4
Silk 22.2
Albaraka 5.9
Citibank 32.7
SAMBA 34.3
DB 38.4
BOP 20.3
BOT (0.8)
Annualised Increase Average: 21.51%
BOC has been excluded from the chart as 2018 is their full year of
operation.
Islamic Banks
Annual increase Gross Financing

2017-18 2016-17 2018 2017 2016
In percentages Rupees in millions
Meezan 21.8 3 4.1 522,26 4 428,73 4 3 19,6 17
DIB 28.0 26 .9 155,46 3 121,481 95,714
Islami (0.9) 45.8 129,484 13 0,6 81 89,6 3 7
Albaraka 5.7 6 .2 79,772 75,492 71,090
MCBIB 100.9 93 .6 6 2,922 3 1,3 15 16 ,174
21 33 949,905 78 7,703 592,232
idd

Annualised Increase (2016 – 18)
In percen tages
Meezan 27.8
DIB 27.4
Islami 20.2
Albaraka 5.9
MCBIB 97.2
Market Share of Loans and Advances
2018 2017 2018 2017

HBL 13 .8 13 .5 1,152,43 4 921,008
NBP 12.7 12.6 1,06 0,517 858,208
UBL 9.8 10.4 815,572 709,742
MCB 7.3 8.0 6 10,029 546 ,6 72
Meezan 6 .3 6 .3 522,26 4 428,73 4
BAF 6 .2 6 .1 518,3 98 417,188
BAH 5.8 5.1 485,945 3 47,46 6
ABL 5.5 5.7 453 ,907 3 88,794
BOP 5.1 5.0 426 ,222 3 42,109
Askari 4.4 4.2 3 6 9,259 284,3 40
Faysal 3 .8 3 .8 3 20,258 255,827
JS 3 .1 2.7 255,46 4 186 ,900
HMB 3 .0 2.9 252,6 74 198,217
Less than 3 % 13 .2 13 .7 1,079,3 3 9 921,53 9
100.0 100.0 8 ,322,28 2 6,8 06,744
HMB Less than 3%

JS 3.0% 13.2%
3.1% HBL 13.8%
Faysal
3.8%
Askari
4.4% NBP
12.7%
BOP
5.1%
UBL
ABL 9.8%
5.5% MCB
7.3%
BAH Meezan
BAF
5.8% 6.3%
6.2%
Banks with less than 3% market share
2018 2017 2018 2017
Soneri 2.3 2.6 194,83 1 172,772
SCB 2.2 2.3 187,16 2 157,259
DIB 1.9 1.8 155,46 3 121,481
Islami 1.7 1.9 129,484 13 0,6 81
Silk 1.3 1.4 103 ,56 6 90,13 8
BOK 1.2 1.3 99,16 7 87,6 73
Albaraka 1.0 1.1 79,772 75,492
SAMBA 0.7 0.6 55,892 42,503
Citibank 0.5 0.4 42,748 27,282
ICBC 0.3 0.2 22,943 8,247
DB 0.1 0.1 6 ,3 54 5,814
BOT 0.0 0.0 1,823 2,198
BOC 0.0 - 13 4 -
13.2 13.7 1,079,339 921,540
BOT BOC Soneri

ICBC DB
0.02% 0.002% 2.3%
0.3% 0.1%
Citibank
0.5%
SAMBA
0.7%
Albaraka
1.0% SCB
2.2%
BOK
1.2%
DIB
1.9%
Silk
1.3% Islam i
1.7%
idd

Liquidity (Average Advances
to Average Deposits)
The total average advances to total average deposits ratio of the banks
included in this report has increased to 53.1% in 2018 from 48.6% in
2017 due to growth rate of advances being higher than growth rate of
deposits.
Advances* Deposits
2018 2017 2016 2018 2017 2016
HBL 149,073 116 ,225 92,020 182,187 149,295 129,26 5
NBP 101,919 88,6 3 2 6 7,6 79 13 2,6 6 4 110,278 86 ,787
UBL 51,905 3 9,405 28,476 6 5,225 54,901 50,3 07
MCB 76 ,06 9 72,283 6 7,86 7 99,915 96 ,6 23 103 ,3 20
ABL 182,3 54 16 1,414 124,705 26 2,3 79 227,3 04 209,894
BAF 3 01,3 88 23 7,516 214,251 409,3 84 3 71,6 24 3 3 9,6 3 3
BAH 124,16 5 124,995 85,071 184,43 0 178,06 2 153 ,16 3
Meezan 23 8,957 174,471 89,73 2 3 19,807 288,3 6 5 225,005
Askari 480,591 3 89,3 89 3 74,200 702,847 6 44,925 6 40,854
HMB 405,500 3 24,770 280,852 595,56 2 556 ,192 453 ,174
SCB 499,093 407,26 3 3 02,775 785,445 6 6 7,173 559,3 74
Faysal 3 50,292 26 7,6 3 7 249,245 573 ,597 525,805 472,803
ICBC 94,6 19 85,3 6 2 3 4,3 42 171,16 8 159,247 157,020
JS 76 5,570 6 73 ,043 552,482 1,448,3 24 1,3 49,6 98 1,220,26 5
Soneri 56 5,775 507,83 3 3 6 5,089 1,122,3 07 1,001,146 795,6 90
BOK 1,03 7,6 11 83 9,6 14 770,03 4 2,011,3 13 1,727,059 1,6 57,13 2
Islami 43 5,017 3 04,929 243 ,43 5 796 ,852 6 92,53 4 584,16 6
DIB 1,108,3 20 884,803 790,3 94 2,13 7,293 1,998,93 5 1,885,959
Silk 421,940 3 6 4,6 08 3 3 1,555 984,46 3 883 ,702 805,090
Albaraka 42,748 27,282 24,288 95,03 6 78,818 75,076
Citibank 16 9,3 14 13 9,43 5 119,811 424,899 3 77,576 3 6 5,56 2
SAMBA 220,784 16 9,087 13 7,516 542,83 9 507,425 43 0,444
DB 1,823 2,198 1,852 3 ,785 9,43 2 5,144
BOT 6 ,3 54 5,814 3 ,3 18 20,100 23 ,212 14,092
BOP 22,943 8,247 6 ,097 6 6 ,540 57,6 98 52,779
BOC 13 4 - - 7,228 - -
7,8 54,258 6,416,255 5,357,08 6 14,145,58 9 12,737,029 11,471,998
* Excluding export refinance, finance against locally manufactured machinery and

long-term financing against export oriented projects as its counter refinance is
not included in deposits.
In percentages
0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0
DIB 80.0
74.8
Silk 78.4
SAMBA 76.0 79.3
64.5
Albaraka 75.5
70.1
Soneri 70.2
65.4
Faysal 69.0
63.5
Islami 68.7
63.4
JS 68.0
51.5
BAF 64.5
59.4
BOP 63.4
60.0
Meezan 62.4
57.9
Askari 56.2
51.8
BOK 54.5
37.8
UBL 51.4
47.7
MCB 50.6
48.6
NBP 50.2
47.6
BAH 49.7
43.0
HBL 48.2
43.1
ABL 42.1
41.2
Citibank 33.5 40.3
SCB 38.5
34.9
HMB 37.1
32.7
BOT 30.4
27.8
DB 24.5 28.1
ICBC 25.1
13.0
2018 2017
BOC has been excluded from the chart as 2018 is their full year of operation. Their ADR was 1.9% in
2018.
Islamic Banks
Financing * Deposits
2018 2017 2016 2018 2017 2016
MCBIB 6 0,93 5 3 0,3 07 13 ,3 88 73 ,3 07 3 2,6 91 14,279
DIB 149,073 116 ,225 92,020 182,187 149,295 129,26 5
Albaraka 76 ,06 9 72,283 6 7,86 7 99,915 96 ,6 23 103 ,3 20
Islami 124,16 5 124,995 85,071 184,43 0 178,06 2 153 ,16 3
Meezan 499,093 407,26 3 3 02,775 785,445 6 6 7,173 559,3 74
909,335 751,073 561,121 1,325,28 4 1,123,8 44 959,401
* 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.
idd

In percentages
Average financing
(excluding export 0.0 20.0 40.0 60.0 80.0 100.0
refinance, finance against
MCBIB 86.1
locally manufactured 93.0
machinery and long-term
financing against export DIB 80.0
74.8
oriented projects as its
counter refinance is not 75.5
Albaraka 70.1
included in deposits) to
average deposits ratio
Islami 68.7
Average advances to 63.4
average deposits ratio
Meezan 62.4
57.9
2018 2017
idd

Deposits
Government (Federal Non-Banking
Individual Public Sector Entities Banking Companies Private Sector Total
and Provincial) Financial Institutions
2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017
Rupees in millions
HBL 1,183 ,3 6 7 1,052,6 3 6 146 ,580 126 ,409 74,000 6 2,929 15,86 5 2,195 41,717 6 4,109 6 75,76 3 6 90,6 58 2,13 7,292 1,998,93 6
NBP 6 6 5,108 595,529 586 ,3 6 6 457,955 13 8,287 195,200 3 19,990 259,251 16 ,3 14 16 ,925 285,249 202,200 2,011,3 14 1,727,059
UBL 83 8,746 845,191 57,83 9 47,728 74,543 81,03 3 14,898 21,3 79 53 ,484 57,402 408,814 296 ,96 5 1,448,3 24 1,3 49,6 98
MCB 700,871 6 14,3 25 56 ,6 40 45,076 54,3 41 41,577 7,6 54 4,491 3 1,43 7 22,6 3 9 271,3 6 4 273 ,03 7 1,122,3 07 1,001,146
ABL 3 84,786 3 56 ,720 117,893 108,592 113 ,6 03 101,3 12 7,791 6 ,3 15 72,921 47,189 287,470 26 3 ,573 984,46 3 883 ,702
BAH 501,491 43 8,13 3 19,258 18,43 7 46 ,6 3 7 40,716 127 6 95 23 ,6 44 24,841 205,6 95 16 9,713 796 ,852 6 92,53 5
Meezan 521,789 46 1,56 6 14,959 8,3 22 15,3 86 15,985 68 242 10,23 6 5,017 223 ,007 176 ,042 785,445 6 6 7,173
BAF 3 47,909 3 42,183 45,417 3 2,446 46 ,524 28,802 528 1,995 48,450 3 2,747 214,018 206 ,752 702,846 6 44,925
BOP 155,826 146 ,201 3 3 5,274 3 05,16 0 14,23 9 13 ,107 4,547 3 ,3 71 2,3 3 6 2,3 3 7 83 ,3 41 86 ,015 595,56 3 556 ,192
Askari 225,474 202,146 187,851 16 8,770 41,581 40,3 44 0 0 3 ,6 91 3 ,480 115,000 111,06 5 573 ,597 525,805
HMB 213 ,6 3 9 157,53 8 3 3 ,859 27,6 03 40,6 08 44,520 1,225 7,205 26 ,252 16 ,849 227,256 253 ,710 542,83 9 507,425
SCB 23 7,423 214,3 90 1,46 0 1,950 3 ,115 5,943 3 ,293 2,929 456 3 42 179,152 152,022 424,899 3 77,576
Faysal 13 0,254 121,279 26 ,874 22,814 11,902 17,086 788 4,291 28,524 14,543 211,041 191,6 10 409,3 84 3 71,6 24
JS 26 ,719 23 ,707 53 ,529 49,06 8 11,242 15,891 2,072 2,752 3 7,6 27 24,558 188,6 17 172,3 88 3 19,807 288,3 6 5
Soneri 102,211 104,801 3 4,276 12,6 59 3 2,917 3 6 ,3 6 4 706 2,001 27,510 14,106 6 4,759 57,3 73 26 2,3 79 227,3 04
Islami 53 ,743 52,005 7,787 6 ,73 6 10,074 4,43 1 4 108 9,6 3 9 21,014 103 ,182 93 ,76 8 184,429 178,06 2
DIB 89,3 14 82,081 16 ,803 11,929 10,980 4,3 14 56 810 16 ,174 11,711 48,859 3 8,451 182,186 149,295
BOK 3 2,873 3 8,3 56 107,13 3 94,997 13 28 36 41 126 73 3 0,987 25,753 171,16 7 159,247
Silk 51,43 7 50,728 23 ,6 71 13 ,014 10,43 4 6 ,046 2,094 4,001 12,457 8,83 3 3 2,570 27,6 56 13 2,6 6 3 110,278
Albaraka 48,86 0 44,490 3 ,495 2,297 86 3 6 ,208 1,476 1 6 ,111 5,289 3 9,110 3 8,3 3 8 99,915 96 ,6 23
Citibank 3 18 3 08 - - 2,888 713 2,522 1,06 3 1,3 19 1,588 87,989 75,146 95,03 6 78,818
ICBC 821 902 - - 48,3 46 42,722 6 13 117 - - 16 ,76 1 13 ,957 6 6 ,541 57,6 98
SAMBA 19,911 18,743 10,3 6 8 2,828 23 3 3 ,883 93 23 5 4,102 3 ,03 2 3 0,518 26 ,180 6 5,225 54,901
DB 42 43 - - 0 4 - - 39 38 20,019 23 ,128 20,100 23 ,212
BOC 5 - - - 253 - - - - - 6 ,970 - 7,228 -
BOT 3 52 3 44 - - - 0 3 4 - - 3 ,429 9,084 3 ,785 9,43 2
6,533,291 5,964,345 1,8 8 7,332 1,564,790 8 03,009 8 09,158 38 6,449 325,492 474,565 398 ,662 4,060,940 3,674,58 4 14,145,58 6 12,737,031
Islamic Banks
Government (Federal Non-Banking
Individual Public Sector Entities Banking Companies Private Sector Total
and Provincial) Financial Institutions
2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017
Meezan 521,789 46 1,56 6 14,959 8,3 22 15,3 86 15,985 68 242 10,23 6 5,017 223 ,007 176 ,042 785,445 6 6 7,173
Islami 53 ,743 52,005 7,787 6 ,73 6 10,074 4,43 1 4 108 9,6 3 9 21,014 103 ,182 93 ,76 8 184,429 178,06 2
DIB 89,3 14 82,081 16 ,803 11,929 10,980 4,3 14 56 810 16 ,174 11,711 48,859 3 8,451 182,186 149,295
Albaraka 48,86 0 44,490 3 ,495 2,297 86 3 6 ,208 1,476 1 6 ,111 5,289 3 9,110 3 8,3 3 8 99,915 96 ,6 23
MCBIB 3 0,6 86 13 ,581 5,087 1,110 281 172 1,3 44 59 9,6 90 5,3 6 0 26 ,219 12,409 73 ,3 07 3 2,6 91
744,392 653,723 48 ,131 30,394 37,58 4 31,110 2,948 1,220 51,8 50 48 ,391 440,378 359,010 1,325,28 2 1,123,8 44
Individual Deposits to Total Deposits
The ratio of individual deposits to total deposits of banks under review has slightly decreased from 45.7%
to 45.1%. BAH, MCB, UBL, SCB and HBL have managed to keep the ratio above 50%.
In percentages
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%
BAH 62.9%
63.3%
MCB 62.4%
61.4%
UBL 57.9%
62.6%
SCB 55.9%
56.8%
HBL 55.4%
52.7%
49.5%
BAF 53.1%
HMB 39.4%
31.0%
Askari 39.3%
38.4%
ABL 39.1%
40.4%
Soneri 39.0% 46.1%
Silk 38.8%
33.1% 46.0%
NBP 34.5%
Faysal 31.8%
32.6%
30.5%
SAMBA 34.1%
BOP 26.2%
26.3%
19.2%
BOK 24.1%
BOT 9.3%
3.7%
JS 8.4%
8.2%
ICBC 1.2%
1.6%
0.3%
Citibank 0.4%
DB 0.2%
0.2%
BOC 0.1%
0.0%
2018 2017
Islamic Banks
The ratio of individual deposits to total deposits of Islamic banks under review has slightly decreased
from 58.2% to 56.2%. However, only Meezan has been able to keep it above 50%.
in percentages
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%
Meezan 66.4%
69.2%
DIB 49.0%
55.0%
Albaraka 48.9%
46.0%
MCBIB 41.9%
41.5%
Islami 29.1%
29.2%
2018 2017
idd

Deposits of banks included in this report increased by 11.06% to Rs. 14,146
billion at 31 December 2018 compared to Rs. 12,737 billion at 31 December
2017.
Growth in Deposits
Annual Increase Deposits

2017-18 2016-17 2018 2017 2016
HBL 7 6 2,13 7,293 1,998,93 5 1,885,959
NBP 16 4 2,011,3 13 1,727,059 1,6 57,13 2
UBL 7 11 1,448,3 24 1,3 49,6 98 1,220,26 5
MCB 12 26 1,122,3 07 1,001,146 795,6 90
ABL 11 10 984,46 3 883 ,702 805,090
BAF 9 1 702,847 6 44,925 6 40,854
BAH 15 19 796 ,852 6 92,53 4 584,16 6
Meezan 18 19 785,445 6 6 7,173 559,3 74
Askari 9 11 573 ,597 525,805 472,803
HMB 7 18 542,83 9 507,425 43 0,444
SCB 13 3 424,899 3 77,576 3 6 5,56 2
Faysal 10 9 409,3 84 3 71,6 24 3 3 9,6 3 3
ICBC 15 9 6 6 ,540 57,6 98 52,779
JS 11 28 3 19,807 288,3 6 5 225,005
Soneri 15 8 26 2,3 79 227,3 04 209,894
BOK 7 1 171,16 8 159,247 157,020
Islami 4 16 184,43 0 178,06 2 153 ,16 3
DIB 22 15 182,187 149,295 129,26 5
Silk 20 27 13 2,6 6 4 110,278 86 ,787
Albaraka 3 (6 ) 99,915 96 ,6 23 103 ,3 20
Citibank 21 5 95,03 6 78,818 75,076
SAMBA 19 9 6 5,225 54,901 50,3 07
DB (13 ) 65 20,100 23 ,212 14,092
BOC 100 - 7,228 - -
BOP 7 23 595,56 2 556 ,192 453 ,174
BOT (6 0) 83 3 ,785 9,43 2 5,144
11 11 14,145,58 9 12,737,029 11,471,998
Annualised Increase (2016 – 18)
In percentages
(20.0) (15.0) (10.0) (5.0) -00 5.0 10.0 15.0 20.0 25.0 30.0
HBL 6.5
NBP 10.2
UBL 8.9
MCB 18.8
ABL 10.6
BAF 4.7
BAH 16.8
Meezan 18.5
Askari 10.1
HMB 12.3
SCB 7.8
Faysal 9.8
ICBC 12.3
JS 19.2
Soneri 11.8
BOK 4.4
Islami 9.7
DIB 18.7
Silk 23.6
(1.7) Albaraka
Citibank 12.5
SAMBA 13.9
DB 19.4
BOP 14.6
(14.2) BOT
Annualised Increase Average: 11.0%
BOC has been excluded from the chart as 2018 is their full year of
operation
Islamic Banks
Annual Increase Deposits

2017-18 2016-17 2018 2017 2016
Meezan 17.7 19.3 785,445 6 6 7,173 559,3 74
DIB 22.0 15.5 182,187 149,295 129,26 5
Islami 3 .6 16 .3 184,43 0 178,06 2 153 ,16 3
Albaraka 3 .4 (6 .5) 99,915 96 ,6 23 103 ,3 20
MCBIB 124.2 128.9 73 ,3 07 3 2,6 91 14,279
18 17 1,325,28 4 1,123,8 44 959,401
Annualised Increase (2016– 18)

In percen tages
Meezan 18.5
DIB 18.7
Islami 9.7
Albaraka (1.7)
MCBIB 126.6
idd

Market Share of Customer Deposits
2018 2017 2018 2017

HBL 15.7 16 .1 2,079,711 1,93 2,6 3 1
NBP 12.6 12.1 1,6 75,175 1,450,883
UBL 10.4 10.6 1,3 79,3 18 1,271,810
MCB 8.2 8.1 1,083 ,179 974,016
ABL 6 .8 6 .9 903 ,752 83 0,198
Meezan 5.8 5.5 775,141 6 6 1,941
BAH 5.8 5.6 773 ,080 6 6 6 ,999
BAF 4.9 5.1 6 53 ,86 9 6 10,183
BOP 4.4 4.6 588,6 79 550,484
Askari 4.3 4.4 56 9,906 522,3 25
HMB 3 .9 4.0 515,3 6 3 483 ,3 72
SCB 3 .2 3 .1 421,150 3 74,3 05
Less than 3 % 14.0 13 .9 1,86 3 ,3 84 1,6 77,6 3 6
100.0 100.0 13,28 1,707 12,006,78 3
* Deposits from financial institutions have been excluded to analyse

deposits from customer.
Less than 3%
SCB 14.0%
HMB HBL
3.2%
3.9% 15.7%
Askari
4.3%
NBP
12.6%
BOP
4.4%
BAF UBL
4.9% 10.4%
BAH MCB
5.8% Meezan 8.2%
ABL
5.8% 6.8%
Banks with less than 3% market share
2018 2017 2018 2017

Faysal 2.9 2.9 3 80,072 3 52,996
JS 2.1 2.1 274,976 253 ,3 3 3
Soneri 1.8 1.8 23 5,06 5 210,6 42
Islami 1.3 1.3 174,792 156 ,940
BOK 1.3 1.3 171,006 159,13 3
DIB 1.2 1.1 16 5,956 13 6 ,774
Silk 0.9 0.8 118,112 97,444
Citibank 0.7 0.6 93 ,03 5 77,177
Albaraka 0.6 0.8 92,3 28 91,3 3 3
ICBC 0.5 0.5 6 5,928 57,594
SAMBA 0.4 0.4 6 1,03 0 51,6 3 5
DB 0.2 0.2 20,094 23 ,207
BOC 0.1 - 7,208 -
BOT 0.0 0.1 3 ,782 9,428
14.0 13.9 1,8 63,38 4 1,677,636
* Deposits from financial institutions have been excluded to analyse deposits

from customers.
BOC BOT
DB 0.1%
SAMBA 0.0%
0.2%
0.4%
ICBC
0.5%
Faysal
2.9%
Albaraka
0.6%
Citibank
0.7% JS
2.1%
Silk
0.9%
Soneri
1.8%
DIB
1.2%
BOK Islam i
1.3% 1.3%
idd

Average Deposits per branch
This is being presented for banks with more than 50 branches.
Rupees in m illion
-00 1,000 2,000 3,000 4,000 5,000 6,000
SCB 5,211
3,995
HMB 1,631
1,640
NBP 1,226
1,114
HBL 1,219
1,141
Meezan 1,100
1,020
BAH 1,089
1,055
1,065
Askari 968
BAF 1,038
1,008
UBL 1,015
932
BOP 1,000
942
Silk 988
801
BOK 978
953
JS 884
797
Faysal 858
878
Soneri 830
754
DIB 829
696
MCB 765
622
696
ABL 676
Islami 549
502
514
2018 2017
Albaraka 532
Islamic Banks
Rupees in m illions
-00 200 400 600 800 1,000 1,200
Meezan 1,100
1,020
DIB 829
696
Islami 549
502
Albaraka 514
532
MCBIB 301
309
2018 2017
idd

Definitions
For consistency in our analysis, following parameters have been used in calculations:
Average Advances The average of opening and closing gross advances at two year
ends.
Average Assets The average of opening and closing total assets at two year
ends.
Average Deposits The average of opening and closing deposits at two year ends.
Average Equity The average of opening and closing equity at two year ends.
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 2018) - 1

Figure (year 2016)
Cost of Funds Mark-up / return / interest expense.
CASA Current and saving customer deposits to total customer

deposits.
Equity Equity includes share capital / head office capital account,

reserves, unappropriated profit / accumulated loss, non-
controlling interest and surplus / deficit on revaluation of
assets.
Gross Advances Loans, cash credits, overdrafts, ijarah, etc. and local & foreign
bills discounted & purchased before provisions.
Impairment Cover Number of times impairment charge on loans and advances

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

market price as at year end.
Non-funded Income Fee, commission & brokerage, rent, income from dealing in
foreign currencies, profit on sale of fixed & other assets and
other non-fund receipts.
Non-mark-up / Non-Interest Income / Fee, commission and brokerage income, dividend income,
Other 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.
Operating Cost All expenses charged to arrive at profit before tax excluding
cost of funds and provisions.
Operating Fixed Assets Operating fixed assets include intangible assets.
Other Assets Other assets include deferred tax assets.
Other Liabilities Other liabilities include deferred tax liabilities and liabilities
against assets subject to finance lease.
Remuneration per Executive Remuneration of executives divided by number of executives.
Return on Average Assets Profit after tax as a percentage of average total assets.
Return on Average Equity Profit after tax as a percentage of average equity.
Spread Difference between mark-up / return / interest earned on loans

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

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

Glossary
S. No. Name of Bank Legends
1 Albaraka Bank (Pakistan) Limited Albaraka
2 Allied Bank Limited ABL
3 Askari Bank Limited Askari
4 Bank Alfalah Limited BAF
5 Bank Al-Habib Limited BAH
6 BankIslami Pakistan Limited Islami
7 Bank of China Limited – Pakistan Operations BOC
8 Bank of Punjab BOP
9 Citibank N.A., Pakistan Branches Citibank
10 Deutsche Bank AG, Pakistan Operations DB
11 Dubai Islamic Bank (Pakistan) Limited DIB
12 Faysal Bank Limited Faysal
13 Habib Bank Limited HBL
14 Habib Metropolitan Bank Limited HMB
15 Industrial and Commercial Bank of China - Pakistan Branches ICBC
16 JS Bank Limited JS
17 MCB Bank Limited MCB
18 MCB Islamic Bank Limited MCBIB
19 Meezan Bank Limited Meezan
20 National Bank of Pakistan NBP
21 Samba Bank Limited SAMBA
22 Silkbank Limited Silk
23 Soneri Bank Limited Soneri
24 Standard Chartered Bank (Pakistan) Limited SCB
25 The Bank of Khyber BOK
26 The Bank of Tokyo Mitsubishi UFJ, Limited – Karachi Branch BOT
27 United Bank Limited UBL
*Banks have been listed alphabetically, by their full names. Islamic Banks have been presented in Italics.
idd

Credit Ratings
Credit Rating
Rating Assigned
Banks
Agency Short Long
Term Term
Habib Bank Limited JCR-VIS A-1+ AAA
PACRA A1+ AAA
National Bank of Pakistan
JCR-VIS A-1+ AAA
United Bank Limited JCR-VIS A-1+ AAA
MCB Bank Limited PACRA A1+ AAA
Allied Bank Limited PACRA A1+ AAA
Bank Al-Habib Limited PACRA A1+ AA+
PACRA A1+ AA+
Bank Alfalah Limited
JCR-VIS A-1+ AA+
Meezan Bank Limited JCR-VIS A-1+ AA+
Bank of Punjab PACRA A1+ AA
Askari Bank Limited PACRA A1+ AA+
Habib Metropolitan Bank Limited PACRA A1+ AA+
Faysal Bank Limited JCR-VIS A-1+ AA
Standard Chartered Bank (Pakistan) Limited PACRA A1+ AAA
JS Bank Limited PACRA A1+ AA-
Industrial & Commercial Bank of China Limited (Pakistan
Moody’s P-1 A2
Branches)
Soneri Bank Limited PACRA A1+ AA-
Dubai Islamic Bank (Pakistan) Limited JCR-VIS A-1 AA-
PACRA A1 A
The Bank of Khyber
JCR-VIS A-1 A
BankIslami Pakistan Limited PACRA A1 A+
Silkbank Limited JCR-VIS A-2 A-
Citibank N.A. Pakistan Branches Moody’s P-1 A1
PACRA A1 A
Albaraka Bank (Pakistan) Limited
JCR-VIS A-1 A+
Samba Bank Limited JCR-VIS A-1 AA
Standard
A-2 BBB+
& Poor's
Deutsche Bank AG, Pakistan Operations
Moody’s P-2 A3
Fitch F-2 BBB+
Credit Rating
Rating Assigned
Banks
Agency Short Long
Term Term
Standard
Bank of China Limited – Pakistan Operations A-1 A
& Poor’s
Standard
A-1 A
& Poor's
The Bank of Tokyo Mitsubishi UFJ, Limited – Karachi Branch
Moody’s P-1 A-1
Fitch P-1 A
MCB Islamic Bank Limited PACRA A-1 A
idd

Number of Branches
(including sub-branches)
Banks Number of Branches *

2018 2017
Habib Bank Limited 1,697 1,703
National Bank of Pakistan 1,525 1,519
United Bank Limited 1,379 1,379
MCB Bank Limited 1,387 1,444
Allied Bank Limited 1,343 1,250
Bank Al-Habib Limited 684 605
Bank Alfalah Limited 649 638
Meezan Bank Limited 660 601
Bank of Punjab 576 536
Askari Bank Limited 516 516
Habib Metropolitan Bank Limited 322 286
Faysal Bank Limited 455 405
Standard Chartered Bank (Pakistan) Limited 77 93
JS Bank Limited 344 322
Industrial and Commercial Bank of China (Pakistan Branches) 3 3
Soneri Bank Limited 295 290
Dubai Islamic Bank (Pakistan) Limited 200 200
The Bank of Khyber 169 166
BankIslami Pakistan Limited 330 330
Silkbank Limited 123 123
Citibank N.A. Pakistan Branches 3 3
Albaraka Bank (Pakistan) Limited 191 188
Samba Bank Limited 37 37
Deutsche Bank AG, Pakistan Operations 2 3
Bank of China Limited – Pakistan Operations 1 1
The Bank of Tokyo Mitsubishi UFJ, Limited – Karachi Branch 1 1
MCB Islamic Bank Limited 176 76
*As at 31 December
Notes
idd

kpmg
Contact us
Karachi Office
Sheikh Sultan Trust Building No. 2
Beaumont Road
Karachi 75300
Phone +92 (21) 3568 5847
Fax +92 (21) 3568 5095
eMail karachi@kpmg.com
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351, Shadman–1
Main Jail Road
Lahore 54000
Phone +92 (42) 111 576 484
Fax +92 (42) 3742 9907
eMail lahore@kpmg.com
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Sixth Floor, State Life Building
Blue Area
Islamabad
Phone +92 (51) 282 3558
Fax +92 (51) 282 2671
eMail islamabad@kpmg.com
www.kpmg.com.pk
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.
© 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG
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Banking Results 2018

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kpmg KPMG Taseer Hadi & Co.

The results and KPIs compared for each bank are:

 Total Assets  Capital Adequacy Ratio (CAR)

 Net Assets  Return on Average Equity (ROE)

 Impairment cover  Return on Average Assets (ROA)

 Net Interest Margin

 EPS  Market Capitalization

 Profit before and  Operating expenses to average

 Liquidity  Individual deposits to total deposits

 Average deposits  Compensation costs to average

Reference should be made to the published financial statements

The financial statements of First Women Bank Limited, Summit

Comparative figures of 2017 as reported in our Banking Results

We have tried to provide relevant financial analysis of the banks

Karachi: 20 May 2019

SUMMARY OF FINANCIAL INFORMATION 15

LOANS AND ADVANCES 29

LIQUIDITY (AVERAGE ADVANCES TO AVERAGE DEPOSITS) 33

Banks with higher growth than average

20% 18 % 17% 17% 17%

Percentage change Average: 8.75%

Profitability Profit before tax - Rupees in billions

In 2018, the banking industry witnessed 259 254

mixed results in profitability. The overall 250

Islamic banks profits increased to Rs. 18

2018 2017 2016 2015 2014

Banking spread 4.9 5.0 5.2 5.5 6.1 in percentages

5.26% 5.17% 5.05%

Spread Average: 3.97%

Non-funded income Non Funded Income - Rupees in billions

by 15.11% from Rs. 144.71 billion to Rs. 110

166.58 billion. 100

2 Banking Results 2018

Compensation expenses Other operating expenses

Operating expenses to average 3.0%

2.5% 2.2% 2.3%

Operating Expenses to Average Deposits Average: 3.5%

1.60% 1.47%1.48%1.49% 1.55%

deposits have slightly increased by 0.80% 0.73%

0.01% from 1.49% to 1.50%. 0.60%

Compensation expense to average deposits Average: 1.70%

Loans and Advances

Banks with high level of growth in advances than average

Growth in Advances Average: 22.27%

Deposits increased by 11.06% from Rs. 7,000 6,533

12,737 billion to Rs. 14,146 billion. 5,000 4,061

(2017: 16.19%) to Rs. 1,325 billion (2017: Rs. (1,000) 2018

1,124 billion). Individual

4 Banking Results 2018

Deposits Average: 11.06%

Individual deposits to total deposits Individual deposits to total deposits

individual deposits to average deposits Average: 45.1%

Banks with higher CASA rate than average

Current Account Savings Account (CASA)

Average CASA increased to 65.50% (2017: 50.00%

CASA Average: 65.50%

70.20% 69.00% 68.74% 67.98%

Average advances to average deposits ratio 60.00% 56.21%

ADR Average: 53.10%

6 Banking Results 2018

Profit before tax

Spread 5.1 5.0 5.0 4.6 3.7 3.2 4.4 4.1

Operating Cost to Net

Net provision / (reversal)