PROJECT

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Purpose of Financial Statements
Financial statement is documents of: Cash flow statements, Income statements, Balance sheets, and
Financial Statement of Accounting Policies. Cash flow statements help analysis the amount of cash that
would be required in order to meet the operating costs. Income statements (also called Video of the
Business) keep accounts of the net profits. Balance sheets (also called snap shot of the business) basically
give information about the financial position of the company.
The purpose of financial statement analysis is to examine past and current financial data so that a
company's performance and financial position can be evaluated and future risks and potential can be
estimated. Financial statement analysis also gives information about trends, the quality of a company's
earnings, and the strengths and weaknesses of its financial position.
For example, is the analysis undertaken to provide a basis for granting credit or making an
investment? After the objective of the analysis is established, the data is accumulated from the financial
statements and from other sources. The results of the analysis are summarized and
interpreted. Conclusions are reached and a report is made to the person(s) for whom the analysis was
undertaken.
Financial analysis of a company should include an examination of the financial statements of the
company, including notes to the financial statements, and the auditor's report. The auditor's report will
state whether the financial statements have been audited in accordance with generally accepted auditing
standards. The report also indicates whether the statements fairly present the company's financial
position, results of operations, and changes in financial position in accordance with generally accepted
accounting principles. Notes to the financial statements are often more meaningful than the data found
within the body of the statements. The notes explain the accounting policies of the company and usually
provide detailed explanations of how those policies were applied along with supporting details. Analysts
often compare the financial statements of one company with other companies in the same industry and
with the industry in which the company operates as well as with prior year statements of the company
being analyzed.
The other purpose of Financial Statement Analysis is that they are Provided Correct and Actual
Information for Investment and Others Decisions. Management and competitors would also use the
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financial statements of a business to make economic decisions. Management, however, would

predominantly use monthly management accounts as their main source of financial information.
A: REASONS FOR CHOOSING THAT INDUSTRY
The first reason is that this is our course requirement to select any industry for analysis so we
select the Banking sector.
The second reason for choosing the banking sector is that we are interesting for doing job in
banks.
The other reason is that we want to understand that how bank play an intermediary role between
the lender and borrower.
Objective of financial statements
The objective of financial statements is to provide information about the financial position, performance
and changes in financial position of an enterprise that is useful to a wide range of users in making
economic decisions. Financial statements should be understandable, relevant, reliable and comparable.
Reported assets, liabilities, equity, income and expenses are directly related to an organization's financial
position.
Investors use financial statements to assess the viability of investing in a business. Financial analyses are
often used by investors and are prepared by professionals (financial analysts), thus providing them with
the basis for making investment decisions.
Owners and managers require financial statements to make important business decisions that affect its
continued operations. Financial analysis is then performed on these statements to provide management
with a more detailed understanding of the figures. These statements are also used as part of management's
annual report to the stockholders.
Employees also need these reports in making collective bargaining agreements with the management, in
the case of labor unions discussing their compensation, promotion
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Financial Reporting environment and framework of Banking Sector.
A: Statutory Requirements.
Companies Act 1965
Companies incorporated under the act are legally enforceable. It repealed earlier ordinances and provide
formal rules on accounting and requirement for true and fair view reporting. Every company must keep
proper accounting and other records to sufficiently explain the transactions and financial position of the
company to enable true and fair profit and loss accounts and balance sheet and related documents to be
prepared from time to time. Not later than 18 months after the date of incorporation, directors are
responsible to present at its AGM, an audited profit a loss account, balance sheet and directors reports.
Disclose by way of a note if compliance would not give a true and fair view of the result of the business
and the state of affairs of the company.
Securities Industry Act 1983
The definition of insider trading, increase the range of sanction, including civil sanction, to deter insider
trading and market manipulation, require additional disclosure from director and chief executive officers.
Securities Commissions Act 1992
A self fund statutory body empowered to regulate all matters relating to securities. Its mission is to
promote and maintain efficient, secure and transparent securities and future market as well as facilitating
the orderly development of an innovative and competitive capital market. A public company is obliged to
fully disclose to the public the information necessary to make informed investment decision.
Anti Money Laundering Act 2001
Money laundering is a process by which criminals attempt to conceal the true origin and ownership of the
proceeds of their criminal activities. Invitation to public by private companies and to lend or deposit with
a corporation. Including persons to invest money.
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Banking and Financial Institution Act 1989
The guidelines on financial reporting practices for banking and financial institutions established under the
banking and finance act 1989.For the licensing and regulation of the institution carrying on banking,
finance company, merchant banking, discount house and money broking business.
Financial Reporting Act 1997

Printed annual report should be issued to company shareholder with in a period not exceeding 6 months
from the close of the financial year. The annual auditing accounts should be prepared in accordance with
the accounting standards. Requires compliance with approved accounting standards where financial
statements are required to be prepared under any law administered by the securities Commission, the
Central bank. To be responsible for all financing arrangements for the operation of the board, including
approving the budget of the board and to review the performance of the board.
Applicable Laws and Regulations
International Financial Reporting Framework (IFRS) as applicable in Pakistan Companies

Ordinance 1984.
Stock Exchange Listing Regulations (Particularly Code of Corporate Governance) Banking
Ordinance 1962 Prudential Regulations (Corporate, SMEs and Consumers)
Regulating Authority
Securities and Exchange Commission of Pakistan and State Bank of Pakistan
IAS 34, IFRS requires that at least annually a complete set of financial statements is presented. However
listed companies generally also publish interim financial statements (for which the accounting is fully
IFRS compliant) for which the presentation is in accordance with IAS 34 Interim Financing Reporting.
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Because IAS is used for the preparation of Financials and IFRS is used presentation of Financial
Statements.
Structure and components of Financials.
Notice that the heading specifically identifies four significant items related to the statement:
1. Name of the entity (National Bank of Pakistan)

2. Title of the statement ( Statement of Financial Position)
3. Specific date of the statement (At December 31, 20XX)
4. Unit of measure (in thousands of Rupee
Consolidated statement of Financial Position
As at December 31, 20XX
20XX 20XX
Rupees in '000
Notes
ASSETS
Cash and balances with treasury banks
Balances with other banks
Lendings to financial institutions net
Investments net
Advances net
Operating fixed assets
Deferred tax assets net
Other assets net
LIABILITIES
Bills payable
Borrowings
Deposits and other accounts
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Sub-ordinated loans
Liabilities against assets subject to
finance lease
Deferred tax liabilities
Other liabilities
NET ASSETS
REPRESENTED BY
Share capital
Reserves
Unappropriated profit
Non-controlling interest
Surplus on revaluation of assets net
Consolidated Profit and Loss Statement
For the year ended December 31, 20XX
20XX 20XX
Rupees in
Notes '000
Mark-up / return / interest earned
Mark-up / return / interest expensed
Net mark-up / interest income
Provision against non-performing advances - net
Provision for diminution in the value of investments
net
Impairment of goodwill
Provision against off balance sheet obligations
Bad debts written off directly
Net mark-up / interest income after provisions

NON MARK-UP / INTEREST INCOME
Fee, commission and brokerage income
Dividend income
Income from dealing in foreign currencies
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Gain on sale and redemption of securities - net

Unrealized gain on revaluation of
investments classified as Held-for-trading
Share of loss from joint ventures - net of tax
Share of profits from associates - net of tax
Gain on revaluation of previously held equity interest
Total non-markup / interest income
NON MARK-UP / INTEREST EXPENSES

Administrative expenses
Other provisions / write offs
Total non-markup / interest expenses
Extra ordinary / unusual items

PROFIT BEFORE TAXATION
- Current
- Prior year(s)
- Deferred
PROFIT AFTER TAXATION

Attributable to:
Shareholders of the bank
Non-controlling interest
Basic earnings per share for profit for the year
STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED DECEMBER 31, 20XX
20XX 20XX
Rupees in '000
(Loss) / profit after taxation for the year

Other comprehensive income
Total comprehensive income for the year

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CASH FLOW STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 20X
Note 20XX 20XX

CASH FLOWS FROM OPERATING ACTIVITIES
(Loss) / Profit before taxation
Less: Dividend income
Adjustments for non-cash changes

Depreciation
Amortization
Provision against non-performing advances net
Unrealized gain on revaluation of investments
classified as held-for-trading net
Provision for diminution in the value of investments net
Loss on reclassification of held-for-trading investment
Other provisions / write offs
Bad debts written off directly
Gain on sale of operating fixed assets
(Increase) / decrease in operating assets :

Lendings to financial institutions
Net investments in held-for-trading securities
Advances net
Others assets (excluding advance taxation)
Increase / (decrease) in operating liabilities :

Bills payable
Borrowings
Deposits and other accounts
Other liabilities
Income tax refunded / (paid)

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Net cash flows from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES
Net investments in available-for-sale securities
Net investments in held-to-maturity securities
Net investment in associates
Dividend received
Investments in operating fixed assets
Proceeds from sale of oeprating fixed assets
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Advance against shares subscription
Net cash flows from financing activities
(Decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Effect of exchange rate changes on cash and cash
equivalents
Cash and cash equivalents at end of the year
Comparison With in Industry

The Structure for all of the 5 Companies same but I difference is that the amount Represented is same for
the as in Rupees but for the Habib Bank Limited and National Bank of Pakistan the Rupees along with
the Dollar also Used.
The components same for the all of the 5 Companies.

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Industry Analysis
Threat of New Entrants:

The average person can't come along and start up a bank, but there are services, such as internet bill
payment, on which entrepreneurs can capitalize. Banks are fearful of being squeezed out of the
payments business, because it is a good source of fee-based revenue. Another trend that poses a threat is
companies offering other financial services. What would it take for an insurance company to start
offering mortgage and loan services? Not much. Also, when analyzing a regional bank, remember that
the possibility of a mega bank entering into the market poses a real threat.
Power of Suppliers:
The suppliers of capital might not pose a big threat, but the threat of suppliers luring away human capital
does. If a talented individual is working in a smaller regional bank, there is the chance that person will
be enticed away by bigger banks, investment firms, etc.
Power of Buyers:
The individual doesn't pose much of a threat to the banking industry, but one major factor affecting the
power of buyers is relatively high switching costs. If a person has a mortgage, car loan, credit card,
checking account and mutual funds with one particular bank, it can be extremely tough for that person to
switch to another bank. In an attempt to lure in customers, banks try to lower the price of switching, but
many people would still rather stick with their current bank. On the other hand, large corporate clients
have banks wrapped around their little fingers. Financial institutions - by offering better exchange rates,
more services, and exposure to foreign capital markets - work extremely hard to get high-margin
corporate clients.
Availability of Substitutes:
As you can probably imagine, there are plenty of substitutes in the banking industry. Banks offer a suite
of services over and above taking deposits and lending money, but whether it is insurance, mutual funds
or fixed income securities, chances are there is a non-banking financial services company that can offer
similar services. On the lending side of the business, banks are seeing competition rise from
unconventional companies. Sony, General Motors and Microsoft all offer preferred financing to
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customers who buy big ticket items. If car companies are offering 0% financing, why would anyone
want to get a car loan from the bank and pay 5-10% interest?
Competitive Rivalry:
The banking industry is highly competitive. The financial services industry has been around for
hundreds of years, and just about everyone who needs banking services already has them. Because of
this, banks must attempt to lure clients away from competitor banks. They do this by offering lower
financing, preferred rates and investment services. The banking sector is in a race to see who can offer
both the best and fastest services, but this also causes banks to experience a lower ROA. They then have
an incentive to take on high-risk projects. In the long run, we're likely to see more consolidation in the
banking industry. Larger banks would prefer to take over or merge with another bank rather than spend
the money to market and advertise to people.
Detail introduction of each of the 5 chosen companies
MCB BANK LIMITED
History
MCB was founded by ISFHANI and ADAMJEE families in Calcutta on July 9, 1947. MCB is not an
overnight success story rather good track of services are responsible for the leaps and bounds
progress. After the partition of the Indo-Pak Subcontinent, the bank moved to Dhaka from where it
commenced business in August 1948. In 1956, the Bank transferred its Registered office to Karachi,
where the Head Office is presently located. Thus, the bank inherits a 52-year legacy of trust in its
customers and the citizens of Pakistan.
Structure
I. I. Chudrigor Road of Karachi has same importance in Pakistans economy as of the Wall Street in
world economy. The division working under MCB Head office are as follows:
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CHANGE OF OWNERSHIP
The performance of MCB was badly affected by bureaucrat government.
In January 1974, MCB was nationalized by Bhutto Government following the bank act 1974
subsequently in June 1974 Premier Bank Limited merged with MCB.
PRIVATIZATION
In the late 1990 after long period of time newly established Democratic Government of Pakistan have
decided to sell nationalized assets of country for better utilization. In April 1991, MCB became
Pakistans first privatized bank. The government of Pakistan transferred the management of the Bank to
National Group, a group of leading industrialists of the country by selling 26% shares of the bank.
Bank Alfalah Limited

Banking is one of the most sensitive businesses all over the world. Banks play an important role in the
economy and are considered as the backbone of an economy in every country and Pakistan is no
exemption. Banks are custodian to the assets of the general masses. The banking sector plays a
significant role in a contemporary world of money and economy. It influences and facilitates many
different but integrated economic activities like resources mobilization, poverty elimination, production
and distribution of public finance.
Pakistan has a well-developed banking system, which consists of a wide variety of institutions ranging
from a central bank to commercial banks and to specialized agencies to cater for special requirements of
specific sectors. The country started without any worthwhile banking network in 1947 but witnessed
phenomenal growth in decades to come. By 1970, it had acquired a flourishing banking sector.
Nationalization of banks in the seventies was a major upset to domestic banking industry of the country,
which changed the whole complexion of the banking industry. With irrational decision at the top, all the
commercial banks were made subservient to the political leadership and the bureaucracy. The
commercial banks thus lost their assets management equilibrium, initiative and growth momentum. They
ceased to be a business concern and became big bureaucracies. The era of nineties was the climax of
privatization, deregulation and restructuring in the domestic banking industry and financial institutions.
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The Muslim Commercial Bank was the first bank to privatize. Followed by Allied Bank limited, United
Bank Limited and Habib Bank Limited have all been privatized.
Today, the banking sector is providing financial solutions to the masses and is growing and becoming a
solid partner in the development of the Pakistani economy, this growth potential has seen different
acquisitions in the banking sector, with the Standard Chartered and Union Bank being the most
prominent.
Product line
Not only comprehensive but also customizable to Match the needs and Preferences of our Customers.
The strategic characteristic of our Portfolio have Helped us to Face Challenging Economic Conditions.
Our product Lineup Continues to Fulfill and Satisfy the Banking requirements of not just the
Conventional Consumer, but the Demanding Financial Needs of the Corporate Sector as Well.
The Lineup Includes:
Car Financing
Rupee Travelers Cheques
Money Gram Remittance Services
Monthly Income Plan
Credit Card
ATMs
Home Loans
Online Banking
Habib bank Limited

HBL established operations in Pakistan in 1947 and moved its head office to
Karachi Our first international branch was established in Colombo, Sri Lanka in 1951 and Habib Bank
Plaza was built in 1972 to commemorate the banks 25th Anniversary. HBL has the largest Corporate
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Banking portfolio in the country with an active Investment Banking arm. It encompasses product
offerings and services in Retail Banking and, in recent years, Consumer Banking as well.
Satisfying customers are the only way to stay competitive in today's Market
Place. The balancing act between what customers want and what the HBL can provide must be optimized
in order to maximize HBLs long-term profits.
HBL is expanding its presence in principal international markets including the UK, UAE, South and
Central Asia, Africa and the Far East.
With a domestic market share of over 40%, HBL was nationalized in 1974 and it continued to dominate
the commercial banking sector with a major market share in inward foreign remittances (55%) and loans
to small industries, traders and farmers. International operations were expanded to include the USA,
Singapore, Oman, Belgium, Seychelles and Maldives and the Netherlands.
HBL is currently rated AA (Long Term) and A-1+ (Short term). HBL is the first Pakistani bank to raise
Tier II Capital from external sources.
Product Lines
Services / Products Offered by the bank
Car to car
Car Loan
Credit Cards
Deposit Accounts
Bancassurance
Debit Card
Phone Banking
Mutual Funds
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Khyber Bank of Pakistan

The Bank of Khyber was established through an Act of the KPK Assembly called, The BoK Act, 1991
passed in June 1991 the Bank was formally launched on November 01, 1991 and its first branch office
commenced commercial operations at University Road, Peshawar on December 22 1991.
The focus point for the establishment of this bank is to provide employment opportunities to the man
power of this province & to provide financial assistance to the people of KPK, who are engaged in small,
medium and large scale businesses. Most of the nationalized commercial banks have their Head Offices
in provinces other than KPK, which is the main limitation to availing loan in time from these banks. The
banks have to take formal approval from their H/O in order to advance loans to their customer or to make
some transactions within the branches. Therefore, it was felt that there was a great need to have a bank,
which has its Head Office in the same province also, so that there could be no time delay, communication
gap or provisioning of documents to advance loans expeditiously. Initially, the Bank of Khyber had
agency arrangements with ABL and MCB for clearing and collecting cheques from other banks, but with
the grace of Almighty Allah and the hard work of its managements, it became a scheduled bank. It started
its operation in SBP and to have a clearing officer of its own for clearing purpose and tackling of other
matters with SBP. Presently this bank has started to work as an agent for all its branches in Peshawar and
other cities where SBP arrangements are not possible. In 1995, the BoK availed an opportunity for a
Foreign Exchange license and its corporate main branch became the first authorized dealer to deal in
foreign exchange business and trade services/finance. The BoK corporate main branch also provided its
services to its different branches, which had import/Export businesses but were not authorized for such
business. After the successful completion of the foreign exchange business, the licenses were also availed
for The BoK Ashraf Road Branch, Peshawar, The BoK Saddar Road Branch Peshawar & the BoK
Khyber Bazar Branch, Peshawar. Now, other than its branches in the KPK, the Bank of Khyber has its
network of branches in Islamabad, Lahore, Karachi & Muzaffarabad also.
The Bank is providing loans to private as well as public sector organizations not only for the prosperity
of the people but also for the development of KPK. In this way, job opportunities surface in different
sectors, mainly for the people of KPK, which may help the country get out of the clutches of
unemployment and related poverty problems.
Besides, the Running Finance & Demand Finance facilities, it has also started loaning for small clusters,
which has a separate controlling department called the Micro Finance Department. MFD has been
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introduced to cover the working and business, which are on a small scale either in the shape of shops,
small projects or home- level projects of ladies, like embroidery, beauty parlors & stitching centers. This
level of loans may be advanced to customers, after provide two guarantors to The BoK.
Along with the Micro Finance department another new dept. was established on 6th February 2003 by the
name of Consumer finance dept. the main purpose of this dept. is to finance products from household
appliances to motorbikes, in connection with electronics.
The SBP has recently allowed the opening of banks and branches based on a pure Islamic Banking
System in the country. For the said purpose an Islamic Banking Department has been established by the
SBP to provide necessary guidance to the banks and concerned staff. They have also instructed all the
banks to introduce necessary steps for promotion of Islamic banking. In pursuance of the SBP
instructions an Islamic Banking Division has been established by the Bank of Khyber to evaluate and
implement policy and procedural matters to cater to the Islamic banking demand of our valued
customers. In this connection two branches have been established one each at Quetta and Peshawar.
Highly qualified staff is available which are available to help you guide and understand the Islamic
banking system.
Chairman
/Managing Director
Additional Chief Secretary Finance

Secretary Govt. of Govt. of KPK
KPK
Secretary Industries Secretary Food/Agri.
Secretary to the
Board of Directors is
Director P&E Dept.
Bank of Khyber
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NBP LIMITED
National Bank of Pakistan is one of the largest commercial bank operating in Pakistan. It has
redefined its role and has moved from a public sector organization into a modern commercial bank.
The Bank's services are available to individuals, corporate entities and government. While it
continues to act as trustee of public funds and as the agent to the State Bank of Pakistan (in places
where SBP does not have presence). It has diversified its business portfolio and is today a major
lead player in the debt equity market, corporate investment banking, retail and consumer banking,
agricultural financing, treasury services and is showing growing interest in promoting and
developing the country's small and medium enterprises and at the same time fulfilling its social
responsibilities, as a corporate citizen.
The bank has implemented special credit schemes like small finance for agriculture, business and
industries, administrator to Qarz-e-Hasna loans to students, self employment scheme for
unemployed persons, public transport scheme. The Bank has expanded its range of products and
services to include Shariah Compliant Islamic Banking products. For the promotion of literature,
NBP recently initiated theAnnual Awards for Excellence in Literature. NBP will confer annual
awards to the best books in Urdu and in all prominent regional languages published during the
defined period. Patronage from NBP would help creative work in the field of literature. The Bank is
also the largest sponsor of sports in Pakistan. It has provided generously to philanthropic causes
whenever the need arose.
The bank has taken various measures to facilitate overseas Pakistanis to send their remittances in a
convenient and efficient manner. In 2002 the Bank signed an agreement with Western Union for
expanding the base for documented remittances. More recently it has started Electronic Home
Remittances Project. This project introduces technology based system to handle inward remittances
efficiently, by ensuring that the Bank's branches keep a track of the remittance received from abroad
till its final receipt. Bank has been signing different agreements with other leading players in the
remittance field for ensuring that remittance services are available to most of the overseas
Pakistanis.
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A number of initiatives have been taken, in terms of institutional restructuring, changes in the field
structure, in policies and procedures, in internal control systems with special emphasis on corporate
governance, adoption of Capital Adequacy Standards under Basel II framework, in the up-gradation
of the IT infrastructure and developing the human resources.
National Bank of Pakistan has built an extensive branch network of 1310+ branches in Pakistan and
operates in major business centre abroad. The domestic branch network has been automated and is
online. The Bank has representative offices in Beijing, Tashkent, Chicago and Toronto. It has
agency arrangements with more than 3000 correspondent banks worldwide. Its subsidiaries are
Taurus Securities Ltd, NBP Exchange Company Ltd, NBP Capital Ltd, NBP Modaraba
Management Company Ltd, and CJSC Bank, Almaty, Kazakhstan. It has recently opened a
subsidiary in Dushanbe, Tajikistan.
The Bank's joint ventures are, United National Bank (UK), First Investment Bank and NAFA, an
Asset Management Company (a joint venture with NIB Bank & Fullerton Fund Management of
Singapore)
Product Line
PREMIUM AAMDANI SCHEME:- Monthly Income Scheme

PREMIUM SAVER SCHEME
SAIBAN SCHEME
PRESIDENTS ROZGAR SCHEME
ADVANCE SALARY SCHEME
CASH CARD SCHEME
CASH N GOLD SCHEME
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Analysis of Financial Statement

Bank Alfalah Auditors report table for 5 Years
Year 2010 2011 2012 2013 2014
Auditor A.F. A.F. A.F. FERGUSON & KPMG KPMG

FERGUSON FERGUSON CO TASEER Taseer Hadi
& Co.
& CO & CO HADI &
co
Engagement partner Salman Hussain Salman Hussain Salman Hussain Syed Syed Iftikhar
Iftikhar Anjum
Anjum
Opinion of auditor unqualified unqualified unqualified Unqualifie Un qualified
d
Conformity with the Yes Yes Yes Yes yes
companies ordinance
1984
banking companies
ordinance
Accounting standards Yes Yes Yes Yes yes
followed
Presentation of balance True & Fair True & Fair True & Fair True & True & Fair
sheet Fair
Profit and loss account True & Fair True & Fair True & Fair True & True & Fair
Fair
Statement of True & Fair True & Fair True & Fair True & True & Fair
comprehensive income Fair
Cash flow statement True & Fair True & Fair True & Fair True & True & Fair
Fair
Statement of changes in True & Fair True & Fair True & Fair True & True & Fair
equity Fair
Purpose of expenditure For Company For Company For Company Business For For
Business Business Company Company
Business Business
Investment According to According to According to Company According According to
Company Company Objectives to Company
Objectives Objectives Company Objectives
Objectives
Zakat deductible at yes yes yes Yes Yes
source under Zakat and
Ushr ordinance 1980
21
Exception - - -
Bank of Khyber Auditors report table for 5Years
Year 2010 2011 2012 2013 2014
Auditor M. Yousaf M. Yousaf M. Yousaf M. Yousaf Adil ANJUM ASIM

SHAHID
Adil Saleem & Adil Saleem Adil Saleem Saleem & Co RAHMAN
Co & Co & Co
Engagement partner Asad Ali Shah Asad Ali Shah Asad Ali Shah Asad Ali Shah Nadeem Tirmizi
Opinion of auditor unqualified unqualified unqualified Unqualified Unqualified
Conformity with the Yes Yes Yes Yes Yes

companies ordinance
1984
banking companies
ordinance
Accounting standards Yes Yes Yes Yes Yes
followed
Presentation of True & Fair True & Fair True & Fair True & Fair True & Fair
balance sheet
Profit and loss True & Fair True & Fair True & Fair True & Fair True & Fair
account
Statement of True & Fair True & Fair True & Fair True & Fair True & Fair
comprehensive
income
Cash flow statement True & Fair True & Fair True & Fair True & Fair True & Fair
Statement of changes True & Fair True & Fair True & Fair True & Fair True & Fair
in equity
Purpose of For Company For Company For Company For Company For Company
expenditure Business Business Business Business Business
Investment According to According to According to According to According to
Company Company Company Company Company
Objectives Objectives Objectives Objectives Objectives
Zakat deductible at yes yes Yes Yes Yes
source under Zakat
and Ushr ordinance
22
1980
Habib Bank Auditors report table for 5Years

Year 2010 2011 2012 2013 2014
Auditor KPMG Ernst & Ernst & Ernst & Young

TASEER Young Ford Young Ford Ford Rhodes Ernst & Young
HADI & co Rhodes Sidat Rhodes Sidat Sidat Hyder Ford Rhodes
Hyder Hyder Sidat Hyder
Engagement Syed Iftikhar Omer Chugtai Omer Chugtai Omer Chugtai Omer Chugtai
partner Anjum

companies
ordinance 1984
banking companies
ordinance
Accounting Yes Yes Yes Yes Yes
standards followed
balance sheet
account
comprehensive
income
Cash flow True & Fair True & Fair True & Fair True & Fair True & Fair
statement
changes in equity
Zakat deductible at yes yes Yes Yes Yes
source under Zakat
and Ushr ordinance
1980
23
MCB Bank Auditors report table for 5Years
Year 2010 2011 2012 2013 2014
Auditor KPMG A.F. A.F. A.F. A. F.

TASEER FERGUSON FERGUSON FERGUSON Ferguson &
HADI & co & CO & CO & CO Co.
Engagement partner Farid ud Din Imran Farooq Imran Farooq Imran Farooq Imran Farooq
Ahmad Mian Mian Mian Mian

companies ordinance
1984
banking companies
ordinance
Accounting standards Yes Yes Yes Yes Yes
followed
balance sheet
account
comprehensive
income
in equity
Zakat deductible at yes yes Yes Yes yes
source under Zakat
and Ushr ordinance
1980
24
National bank of Pakistan Auditors report table for 5Years
Year 2010 2011 2012 2013 2014
Auditor M. Yousuf Anjum Asim Anjum Asim Ernst & Young Ernst & Young
Adil Saleem & Shahid Shahid Ford Rhodes Ford Rhodes
Sidat Hyder & Sidat Hyder &
Co. & Anjum Rahman & Rahman & KPMG Taseer KPMG Taseer
Asim Shahid KPMG Taseer KPMG Taseer Hadi & Co Hadi & Co
Rahman Hadi & Co Hadi & Co
Engagement partner Salman Hussain Salman Salman Arslan Khalid & Arslan Khalid &
Hussain, Syed Hussain, Syed Syed Iftikhar Syed Iftikhar
Anjum Anjum
Iftikhar Anjum Iftikhar Anjum
Conformity with the Yes Yes Yes yes yes

companies ordinance
1984
banking companies
ordinance
Accounting standards Yes Yes Yes Yes yes
followed
balance sheet
Profit and loss account True & Fair True & Fair True & Fair True & Fair True & Fair
comprehensive income
in equity
Zakat deductible at yes yes yes yes yes
source under Zakat
and Ushr ordinance
25
1980
Obsolute Figures
BAFL BALANCE SHEET
Assets 2009 2010 2011 2012 2013

Cash and balances with treasury banks 35056012 41197841 50882662 58044054 61204697
Balances with other banks 22722639 16179255 17424487 26720993 35179983
Lending to financial institutions 14947435 6497556 7765407 876870 2522022
Investments 99159957 1.13E+08 1.67E+08 1.89E+08 219690369
Advances 1.88E+08 2.07E+08 1.98E+08 2.34E+08 260779850
Operating fixed assets 14492194 14204555 13388683 13747520 14835200
Deferred tax asset - - 421825 384601 1204000
Other assets 14649380 12826225 13290458 13272536 15198170
TOTAL ASSETS 3.89E+08 4.11E+08 4.68E+08 5.36E+08 610614291
LIABILITIES & EQUITY
Bills payable 3766144 4521533 5403453 8430910 9543480
Borrowings from financial institutions 20653921 13700124 18168978 21227834 23115102
Deposits and other accounts 3.25E+08 3.54E+08 4.01E+08 4.57E+08 525525770
Subordinated loans 7570181 7567192 7148693 5874742 9991000
finance lease - - - - -
Deferred tax liabilities 179851 115919 - - -
Other liabilities 10006786 9258216 10427754 13567083 10537195
TOTAL LIABILITIES 3.67E+08 3.89E+08 4.42E+08 5.06E+08 578712547
NET ASSETS 22133420 22305544 25777038 30247402 31901744
REPRESENTED BY
Share capital 13491563 13491563 13491563 13491563 13491563
Reserves 3587969 3819133 4100264 5636549 7274222
Unappropriated profit 2690728 2415860 5248059 6561628 7499831
Surplus on revaluation of assets 2363160 2578988 2937152 4557662 3636128
Total EQUITY 22133420 22305544 25777038 30247402 31901744
Total Liabilities and Equity 3.89E+08 4.11E+08 4.68E+08 5.36E+08 610614291
26
BAFL PROFIT AND LOSS ACCOUNT

2009 2010 2011 2012 2013
Rupees Rupees Rupees 000 Rupees Rupees 000
000 000 000
Markup /Return/Interest Earned 35561312 44,298,178 46,079,918
37530256 43961060
Mark up /return/interest Expense 25,687,485 27,500,056
24654180 23855448 27066229
Net markup / interest income 18,610,693 18,579,862
10907132 13674808 16894831
Provision against Loans and 1,864,510 1,848,535
Advances 3694546 2243687 954563
Provision for Diminution in the 2,459,294 1,708,833
value of investments 317164 1991192 94797
Bad debts Written Off Directly 59817 25504 5,696 1,164 4288
4071527 4260383 4,329,500 3.558,532 1053648
Net Mark Up/ interest income 14,281,193 15,021,330
after provisions 6835605 9414425 15841183
Non mark up/ interest income
Fee, commission and brokerage 2,148,239 2,536,717

income 1913004 1986470 2800461
Dividend income 248217 204425 191,708 349,061 482567
Income from dealing in foreign 1,115,417 1,309,703
currencies 1019732 1133544 1535808
Gain on sale and redemption of 140,093 1,328,000
securities 688924 77609 1588895
Unrealized loss/ Gain on -11,053 1,511
revaluation of investments
Classified as held for Trading 2849 3300 8465
Other income 1309527 1302813 1,783,309 1,756,348 1862498
Total non Markup/Interest 5,367,713 7,281,340
Income 5182253 4708161 8278694
'' 12017858 14122586 19,648,906 22,302,670 24119877
Non Markup/ Interest Expense
Administrative expenses 10923507 12578080 13,832,096 15,204,036 17288779

Provisions against off balance -22,005
sheet Obligations -1419 6056 2100
93040 183,161 130,504 -162621
27
Other charges 79454 76665 199,931 206,933 184408

Total Non Markup/ Interest 14,215,188 15,519,468
expenses 11001542 12753841 17312666
1368745 5,433,718 6,783,202
Extra Ordinary/Unusual Items
- - -
Profit before Taxation 1016316 1368745 5,433,718 6,783,202 6807211
Taxation Current 1066301 842232 3,263,249 3,141,903 2400321
Deferred -767346 3 -13,777,661 -754,828 -159060
Prior Years -179674 -370883 45,000 -160,000 -110000
119281 -71056 1,930,588 2,227,081 2131261
Profit after taxation 897035 400293 3,503,130 4,556,121 4675950
Inappropriate profit brought 2,415,860 5,248,059
forward 3447467 968452
Transfer from surplus on 29,695 29,695
revaluation of fixed assets net of
tax 2690728
24696
Profit available for 5,948,685 9,833,875
appropriation 4369198 26695 4675950
Basic/Diluted Earning Per Share 2.6 3.38
0.71 0.72 3.47
MCB BALANCE SHEET
2009 2010 2011 2012 2013

Assets
Balances with other banks 1478569 1478569 2281263 1191974 1536946
Lending to financial institutions 4401781 4401781 955087 1551472 1224638
Investments 213060882 213060882 316651613 4.02E+08 449006019
Advances 254551589 254551589 227580139 2.4E+08 248242965
Operating fixed assets 20947540 20947540 22007903 23738454 28595338
Deferred tax asset 0 0 0 0 0
Other Assets 27705069 27705069 30634696 40344727 26956315
TOTAL ASSETS 567552613 567552613 653233223 7.66E+08 815508371
Bills payable 10265537 10265537 9466818 9896284 10138726
Borrowings from financial institutions 25684593 25684593 39100627 78951103 38542660
28
Deposits and other accounts 431371937 431371937 491188710 5.45E+08 632330286

finance lease 0 0 0 0 0
Deferred tax liabilities 4934018 4934018 6294886 9142098 4201373
Other liabilities 16092319 16092319 18379700 21097973 20064345
TOTAL LIABILITIES 488348404 488348404 564430741 6.64E+08 705277390
NET ASSETS 79204209 79204209 88802482 1.02E+08 110230981
REPRESENTED BY
Share capital 7602150 7602150 8362365 9198601 10118461
Reserves 40162906 40162906 42186467 44253270 46601214
Unappropriated profit 21414955 21414955 28366171 34705038 40552043
Surplus on revaluation of assets 10024198 10024198 9887479 13593897 12959263
Total EQUITY 79204209 79204209 88802482 1.02E+08 110230981
Total Liabilities and Equity 567552613 567552613 653233223 7.66E+08 815508371
MCB PROFIT AND LOSS ACCOUNT
2009 2010 2011 2012 2013

Rupees 000 Rupees Rupees Rupees Rupees 000
000 000 000
Markup 51616007 68,146,588 68,356,191
/Return/Interest
27,500,056
Earned 54821296 65064123
Mark up 23,620,274 27,500,019
/return/interest
Expense 15841463 17987767 27195894
Net markup / 44,526,314 40,856,172
interest income 35774544 36833529 37868229
Provision for 778,526 -3,044
Diminution in the
value of
investments 1484218 444476 -6834
Provision against 28,565 480,903
Loans and
Advances 5796527 3100594 -2828783
Bad debts 5,696 206
Written Off
Directly 41576 52047 0
7322321 3597117 3,653,614 478065 -2835617
Net Mark Up/ 40,872,700 40,378,107
interest income
after provisions 28452223 33236412 40703846
29
Non mark up/

interest income
Fee, commission 5,117,196 5,934,472
and brokerage
income 3331856 4129540 6741404
Dividend income 459741 543906 1,003,272 1,197,615 932717
Income from 921,262 822,856
dealing in foreign
currencies 341402 632346 916572
Gain on sale and 735,639 824,539
redemption of
securities 773768 411834 2130341
Unrealized loss/ -11,053
Gain on
revaluation of
investments
Classified as held
for Trading 2849 3300
Other income 736118 547680 334,822 373,849 449604
Total non 8,112,191 9,153,331
Markup/Interest
Income 5642885 6265306 11170638
48,984,891 49,531,438
'' 34095108 39501718 51874484
Non Markup/
Interest Expense
Administrative 15,584,687 17,065,025
expenses 10107189 12173942 18709969
Provisions 514646 -187,305
against off
balance sheet
Obligations 142824 88261 -52285
Other charges 690150 986440 1,402,379 599,974 928595

Total Non 17,501,712 17,477,694
Markup/ Interest
expenses 10940163 13248643 19586279
Extra
Ordinary/Unusual
Items - - -
Profit before 31,483,179 32,053,744
Taxation 23154945 26253075 32288205
Taxation Current 7703305 8027433 9,724,467 9,600,760 15170974
Prior Years -2232226 3 1,037,910 116,725
Deferred 2188569 1,295,896 1,395,563 -4378107
1659648 1352467 12,058,273 11,113,048 10792867
Profit after 19,424,906 20,940,696
taxation 15495297 9379900 21495338
30
Inappropriate 21,414,955 28,366,171

profit brought
forward 9193332 16873175 35424921
Transfer from 35,788 35,789
surplus on
revaluation of
fixed assets net
of tax 22324 15779127 35788
9215656 21792 21450743 28401960 35460709
Profit available 40,875,649 49,342,656
for appropriation 24710953 15800919 56956047
Basic/Diluted 21.12 22.77
Earning Per
Share 22.42 22.5 21.24
HBL BALANCE SHEET
ASSETS 2009 2010 2011 2012 2013

Cash and balances with treasury banks 79,839,836 81,640,246 103,399,623 157,229,517 135,476,687
Balances with other banks 40,366,687 37,413,185 47,349,505 47,980,032 57,341,769
Lendings to financial institutions 5,352,873 30,339,344 41,581,029 24,828,255 35,271,477
Investments 216,467,532 254,909,116 418,604,147 797,094,548 826,062,308
Advances 454,662,499 459,750,012 457,367,656 499,817,906 563,700,737
Other assets 41,116,582 16,155,290 19,167,654 23,632,324 25,706,315
Operating fixed assets 16,766,668 9,572,203 7,275,888 6,056,483 5,103,072
Deferred tax asset 9,205,944 34,920,007 44,808,703 53,669,507 66,609,013
863,778,621 924,699,403 1,139,554,205 1,610,308,572 1,715,271,378
LIABILITIES
Bills payable 10,041,542 9,775,093 13,894,502 18,943,207 19,422,316
Borrowings from financial institutions 52,542,978 40,459,860 39,473,670 196,580,548 107,864,424
Deposits and other accounts 682,750,079 747,374,799 933,631,525 1,214,963,700 1,401,229,814
Sub-ordinated loans 4,212,080 4,281,835 5,036,100 5,440,654 2,633,115
Liabilities against assets subject to finance
lease - - - - -
Other liabilities 29,862,144 - - - -
Deferred tax liability - 26,557,045 37,931,420 41,342,703 41,687,455
779,408,823 828,448,632 1,029,967,217 1,477,270,812 1,572,837,124
NET ASSETS 84,369,798 96,250,771 109,586,988 133,037,760 142,434,254
REPRESENTED BY:
Shareholders' equity
Share capital 9,108,000 10,018,800 11,020,680 12,122,748 13,335,023
Reserves 27,527,380 29,355,555 32,145,755 39,379,354 43,550,373
Unappropriated profit 38,498,335 47,467,704 56,980,697 67,523,215 73,748,915
31
Total equity attributable to the equity holders of

the Bank 75,133,715 86,842,059 100,147,132 119,025,317 130,634,311
Minority interest 1,143,241 1,212,656 1,236,290 1,227,207 1,886,116
Surplus on revaluation of assets - net of
deferred tax 8,092,842 8,196,056 8,203,566 12,785,236 9,913,827
84,369,798 96,250,771 109,586,988 133,037,760 142,434,254
HBL PROFIT AND LOSS ACCOUNT
2009 2010 2011 2012 2013

Mark-up / return / interest earned 76,076,347 81,325,028 98,580,423 116,772,653 120,222,773
Mark-up / return / interest expensed 33,405,813 34,330,255 42,182,220 59,012,392 65,207,109
Net mark-up / interest income 42,670,534 46,994,773 56,398,203 57,760,261 55,015,664
Provision against non-performing loans and advances -
net 8,794,560 7,602,440 6,697,555 7,243,887 1,602,738
Provision against off-balance sheet obligations (51,396) 30,895 (9,141) 7,015 22,427
Provision against diminution in the value of investments 346,495 (47,671) 237,083 (483,865) (225,306)
Bad debts written off directly - - - 6,767,037 1,399,859
9,089,659 7,585,664
Net mark-up / interest income after provisions 33,580,875 39,409,109 49,472,706
Non mark-up / interest income 6,785,687 8,291,686
Fee, commission and brokerage income 5,316,479 5,432,706 6,085,970 490,213 759,345
Income / gain on investments 597,018 1,380,162 542,118 1,360,596 2,313,847
Income from dealing in foreign currencies 1,913,115 3,189,333 3,756,094 3,040,178 3,886,624
Other income 3,333,000 2,760,230 2,919,535 15,960,106 19,323,280
Total non-mark-up / interest income 11,159,612 12,762,431 14,782,861 66,953,330 72,939,085
44,740,487 52,171,540
Non mark-up / interest expense 31,061,370 36,109,857
Administrative expenses 22,745,955 24,252,960 29,433,961 277,848 (48,390)
Other provisions / write offs - net 210,190 178,148 (242,427) 18,285 23,175
Other charges 3,540 178,700 77,588 704,620 721,115
Workers welfare fund 399,166 521,702 665,047 32,062,123 36,805,757
Total non mark-up / interest expenses 23,358,851 25,131,510
Profit before taxation 21,381,636 27,040,030 34,321,398 34,891,207 36,133,328
Taxation
- current 8,095,642 9,698,783 10,459,376 12,577,897 10,610,047
- prior years (1,095,355) 629,721 28,264 421,210 (117,510)
- deferred 980,600 (322,854) 1,500,736 (463,640) 2,613,696
7,980,887 10,005,650
Profit after taxation 13,400,749 17,034,380 22,333,022 22,355,740 23,027,095
Attributable to:
Equity holders of the Bank 13,389,452 16,816,179 22,189,763 22,256,064 22,863,123
32
Minority interest 90,230 116,475 57,063 (56,174) (75,652)

Minority investor of HBL Funds (78,933) 101,726 86,196 155,850 239,624
13,400,749 17,034,380
Basic and diluted earnings per share 14.70 16.78 20.13 18.36 17.15
NBP BALANCE SHEET
ASSETS 2009 2011 2010 2012 2013

Cash and balances with treasury banks 116,668,514 131,843,344 115,657,025 158,756,638 1,502,308
Balances with other banks 28,786,397 28,070,350 30,743,368 30,895,173 174,591
Lendings to financial institutions - net 19,683,526 43,973,531 23,051,171 8,280,997 493,160
Investments - net 217,596,037 319,353,392 301,078,498 342,964,635 3,763,715
Advances - net 475,338,439 528,121,596 478,886,755 661,344,807 5,888,621
Operating fixed assets 25,200,870 29,064,564 27,620,697 29,714,221 328,213
Deferred tax assets - net 3,064,459 7,972,636 6,954,228 3,466,503 104,143
Other assets - net 59,915,027 66,567,009 54,026,725 80,737,483 768,967
946,253,269 1,154,966,422 1,038,018,467 1,316,160,457 13,023,718
LIABILITIES
Bills payable 10,621,169 9,104,710 8,006,631 14,367,639 131,922
Borrowings 44,828,138 27,671,746 19,657,207 51,112,248 218,508
Deposits and other accounts 727,513,013 927,410,553 832,134,054 1,038,094,985 10,461,424
Sub-ordinated loans - - - - -
finance lease 42,629 92,739 123,413 38,353 545
Deferred tax liabilities - - - - -
Other liabilities 42,455,768 54,732,458 46,798,330 56,369,170 685,907
825,460,717 1,019,012,206 906,719,635 1,159,982,395 11,498,306
NET ASSETS 120,792,552 135,954,216 131,298,832 156,178,062 1,525,412
REPRESENTED BY
Share capital 10,763,702 16,818,285 13,454,629 18,500,114 201,996
Reserves 23,395,059 26,212,505 25,129,425 30,305,210 318,413
Unappropriated profit 61,696,594 69,640,893 67,103,611 70,629,475 472,198
95,855,355 112,671,683 105,687,665 119,434,799 992,607
Non-controlling interest 110,930 720,518 498,076 790,878 7,791
95,966,285 113,392,201 106,185,741 120,225,677 1,000,398
Surplus on revaluation of assets - net 24,826,267 22,562,015 25,113,091 35,952,385 525,014
120,792,552 135,954,216 131,298,832 156,178,062 1,525,412
33
NBP PRFIT AND LOSS ACCOUNT
2009 2010 2011 2012 2013

Mark-up / return / interest earned 78,124,796 88,681,381 95,956,361 101,125,889 100,192,320
Mark-up / return / interest expensed 40,448,291 45,169,744 48,566,973 56,552,485 60,894,358
Net mark-up / interest income 37,676,505 43,511,637 47,389,388 44,573,404 39,297,962
Provision against non-performing advances - net 11,148,773 7,007,975 6,219,671 7,154,800 17,459,330
Provision for diminution in the value of investments - net 651,282 2,904,949
Impairment of goodwill - 92,593 3,138,494 864,296 1,397,122
Provision against off balance sheet obligations 20,237 3,965 - - 3,020
Bad debts written off directly - - 9,358,165 8,019,096 708,230
11,820,292 10,009,482 38,031,223 36,554,308 19,567,702
Net mark-up / interest income after provisions 25,856,213 33,502,155 19,730,260
NON MARK-UP / INTEREST INCOME 9,948,547 11,145,569
Fee, commission and brokerage income 8,996,973 9,871,667 1,587,692 2,079,795 12,346,947
Dividend income 1,896,817 1,067,273 3,196,630 3,795,448 2,661,077
Income from dealing in foreign currencies 3,103,673 2,278,898 2,390,211 3,220,442 3,926,204
Gain on sale and redemption of securities - net 4,593,041 2,512,363 3,887,164
Unrealized gain on revaluation of (35,039) 976
investments classified as Held-for-trading 2,355 6,730 32,181 94,771 (139)
Share of loss from joint ventures - net of tax (41,715) (16,976) 74,210 1,855,623 438,250
Share of profits from associates - net of tax 5,238 66,906 2,543,893 2,611,937 (592,322)
Gain on revaluation of previously held equity interest - 180,131 19,738,325 24,804,561 3,284,497
552,950 2,183,891 57,769,548 61,358,869 25,951,678
Total non-markup / interest income 19,109,332 18,150,883 45,681,938
44,965,545 51,653,038 30,945,203 36,733,708
NON MARK-UP / INTEREST EXPENSES 554,810 401,413 37,677,868
Administrative expenses 22,816,665 26,732,045 137,852 160,324 952,132
Other provisions / write offs 628,391 179,819 31,637,865 37,295,445 23,395
321,647 118,887 26,131,683 24,063,424 38,653,395
Total non-markup / interest expenses 23,766,703 27,030,751 - - 7,028,543
21,198,842 24,622,287 26,131,683 24,063,424 -
Extra ordinary / unusual items - - 9,229,434 7,556,102 7,028,543
PROFIT BEFORE TAXATION 21,198,842 24,622,287 260,000 - 6,230,222
- Current 8,890,206 9,871,640 (1,082,597) (379,735) 130,079
- Prior year(s) (4,137,307) (938,158) 8,406,837 7,176,367 (4,638,541)
- Deferred (1,003,099) (2,049,600) 17,724,846 16,887,057 1,721,760
3,749,800 6,883,882 5,306,783
PROFIT AFTER TAXATION 17,449,042 17,738,405 17,706,747 16,794,132
Attributable to: 18,099 92,925 5,274,779
Shareholders of the bank 17,450,811 17,809,304 17,724,846 16,887,057 32,004
Non-controlling interest (1,769) (70,899) 5,306,783
34
17,449,042 17,738,405
Basic earnings per share for profit for the year

attributable to shareholders of the bank 12.97 13.24
Diluted earnings per share for profit for the year
attributable to shareholders of the bank 12.97 13.24 9.58 9.13 2.48
BOK Balance Sheet
Assets 2009 2010 2011 2012 2013
310881 40686
Cash and balances with treasury banks, 1618521 5079720 2802781
9 78
164951 38132
Balances with other banks, 2510190 1502684 1527561
2 51
150100 75003
Lending to financial institution, 1552190 2562093 1800566
0 01
456717 53363
Investments, 7698406 19852730 36684689
00 163
266927 35450
Advances, 11835962 18238333 22287799
66 201
135914 16044
Operating fixed assets, 140206 1121554 1301822
9 64
29923
Deferred tax assets, 73342 443320 255090 134219
0
203150 20708
Other assets, 1821961 1993869 1764158
6 80
821776 10817
38810570 50794303 68424466
Total assets 38 0168
Liabilities
52103
Bills payable, 119308 280665 281292 558026
5
742011 15157
Borrowings, 4374154 2894759 10391732
3 773
600430 77217
Deposits and other accounts, 17452170 36981351 45548423
83 733
Sub-ordinate loans, - - - - -
35
Liabilities against assets subject to finance lease, - - - - -
Deferred tax liability, - - - - -
242961 27168
Other liabilities, 1185470 1237155 1837525
7 30
704508 95613
32848273 41393930 58058972
Total liabilities 39 371
117267 12556
Net assets 2496772 9400373 10365494
99 797
Represented by
900143 10000
Share capital, 1231034 5004001 8228001
3 000
11708
Reserves, 639543 548039 722501 937541
71
74192
Inappropriate profit, 176089 52079 749925 836654
0
107756 11912
5040633 5604119 9700427
28 791
64400
697664 572254 665067 951171
Surplus on the revaluation of assets, 6
117267 12556
5962297 6176373 10365494
99 797
BOK P&l
2009 2010 2011 2012 2013

36
Mark-up/Return/Interest earned 3390014 4207155 6946827 7204937 7406787
2390388 2925066 4551942 4611172 4335682

Mark-up/Return/Interest expense
Net Mark-up/Interest income 999626 1282089 2394885 2593765 3071105
Provision against non performing

346655 48916 42092 38528 140800
loans and advance
Provision for diminution in the value

- -371682 202532 139585 -58419
of investments
Bad debts written off directly - - - - -
356655 -322766 244624 178113 82331
Net Mark-up/interest income after

281938 1604855 2150261 2415652 2988724
provision
Non Mark-up/interest income
Fee, commission and brokerage

67883 172565 232828 241008 221209
income
Dividend income 120743 74848 223114 236354 74402

37
Income from leading and foreign

12572 30761 56285 141968 181012
currencies
Gain on sale of securities-net 65089 -285934 169383 295317 138006
Unrealized gain/loss on revaluation

382 1431 -16742 192 -10248
of investments
Other income 40018 66006 65142 61276 87291
Total non-markup/interest income 306677 59677 730010 976115 691672
588615 1664532 2880271 3391767 3680396
Non markup/interest expenses
Administrative expenses 372129 943680 1468480 1657560 197035
Other provision/write offs - -5705 87970 114310 4677
Other charges 3828 13416 38363 50679 36134
Total non-markup/interest expenses 375957 951391 1594813 1822549 20111166
-798770 713141 1285458 1569218 1669230
Extra ordinary/unusual items - - - - -
Profit before taxation 212658 713141 1285458 1569218 1669230
Taxation
Current 20025 89631 271550 496234 581854
Prior years 3250 2040 26306 -7772 -63043
Deferred 23275 57984 115294 5555 -4610
38
-637183 563486 872308 1078059 1154039

Profit after taxation
Inappropriate profit brought forward - -398710 52079 749925 836854
Profit available for appropriation 201590 164776 924387 1825126 1996683
Basic and diluted earnings per share-

1.04 1.13 1.29 1.08 1.15
rupees
Horizontal Analysis of bafl Balance Sheet
Assets 2009 2010 2011 2012 2013

Cash and balances with treasury banks 100 117.52 145.1467 165.5752 174.5912
Balances with other banks 100 71.20324 76.68338 117.5963 154.8235
Lending to financial institutions 100 43.46937 51.95144 5.866358 16.87261
Investments 100 114.3868 167.9426 191.092 221.5515
Advances 100 110.1627 105.5445 124.4046 138.6814
Operating fixed assets 100 98.01521 92.38548 94.86155 102.3668
Deferred tax asset #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other assets 100 87.55473 90.72369 90.60135 103.7462
TOTAL ASSETS 100 105.7609 120.3315 137.8843 156.942
LIABILITIES & EQUITY 0 0 0 0 0
Bills payable 100 120.0574 143.4744 223.8605 253.4019
Borrowings from financial institutions 100 66.33183 87.96866 102.7787 111.9163
Deposits and other accounts 100 109.0084 123.5522 140.756 161.8199
Subordinated loans 100 99.96052 94.43226 77.60372 131.9784
lease
39
Deferred tax liabilities 100 64.4528

Other liabilities 100 92.51938 104.2068 135.5788 105.3005
TOTAL LIABILITIES 100 106.0614 120.5649 137.9582 157.7146
NET ASSETS 100 100.7777 116.4621 136.6594 144.1338
REPRESENTED BY 0 0 0 0 0
Share capital 100 100 100 100 100
Reserves 100 106.4428 114.2781 157.0958 202.7393
Unappropriated profit 100 89.78462 195.0423 243.8607 278.7287
Surplus on revaluation of assets 100 109.133 124.2892 192.863 153.8672
Total EQUITY 100 100.7777 116.4621 136.6594 144.1338
Total Liabilities and Equity 100 105.7609 120.3315 137.8843 156.942
2009 2010 2011 2012 2013
Markup /Return/Interest Earned
40 100 105.5368 124.5685 129.5788 123.6205

Mark up /return/interest Expense 100 96.76026 104.1912 111.5432 109.7835
Net markup / interest income 100 125.3749 170.6287 170.346 154.8971
Provision against Loans and Advances 100 60.72971 50.46655 50.03416 25.83709
Provision for Diminution in the value of investments 100 627.8115 775.4014 538.7853 29.88895
Bad debts Written Off Directly 100 42.63671 9.522377 1.945935 7.168531
100 104.6385 106.336 87.40043 25.87845
Net Mark Up/ interest income after provisions 100 137.7263 208.9236 219.7513 231.7451
Non mark up/ interest income #DIV/0! 0 0 0
Fee, commission and brokerage income 100 103.8403 112.2966 132.6039 146.3908
Dividend income 100 82.35737 77.23403 140.6274 194.4134
Income from dealing in foreign currencies 100 111.161 109.3833 128.436 150.609
Gain on sale and redemption of securities 100 11.26525 20.33504 192.7644 230.6343
Unrealized loss/ Gain on revaluation of investments 100 115.8301 -387.961 53.03615 297.1218
Classified as held for Trading #DIV/0! 0 #DIV/0! 0
Other income 100 99.4873 136.1796 134.1208 142.2268
Total non Markup/Interest Income 100 90.85162 0 140.5053 159.7509
100 117.5133 163.4976 185.5794 200.7003
Non Markup/ Interest Expense #DIV/0! 0 0 0
Administrative expenses 100 115.1469 126.6269 139.1864 158.2713
Provisions against off balance sheet Obligations 100 -426.779 0 1550.74 -147.992
Provisions Against Other Assets #VALUE! 0 #VALUE! #VALUE!
Other charges 100 96.48979 251.6311 260.4438 232.094
Total Non Markup/ Interest expenses 100 115.9278 129.2109 141.0663 157.3658
100 134.6771 534.6485 667.4304 0
Extra Ordinary/Unusual Items #VALUE! 0 0 #VALUE!
Profit before Taxation 100 134.6771 534.6485 667.4304 669.7928
Taxation Current 100 78.98633 306.0345 294.6544 225.1073
Deferred 100 48.33322 1795.495 98.36866 20.72859
Prior Years 100 39.54718 -25.0454 89.05017 61.22199
100 335.5882 1618.521 1867.088 1786.756
Profit after taxation 100 107.9615 390.5232 507.9089 521.2673
Inappropriate profit brought forward 100 78.04942 70.07638 152.2294 0
Transfer from surplus on revaluation of fixed assets net of tax #REF! 120.2421 120.2421 0
100 108.0944 0 0 #DIV/0!
Profit available for appropriation 100 84.42911 136.1505 225.0728 107.0208
Basic/Diluted Earning Per Share 100 101.4085 366.1972 476.0563 488.7324
41
Horizontal Alalysis of MCB Balance Sheet
Assets 2009 2010 2011 2012 2013

Cash and balances with treasury banks 100 117.1047 137.0024 149.695 157.8463
Balances with other banks 100 24.60184 37.95783 444.6094 585.3581
Lending to financial institutions 100 146.726 31.83623 29.229 84.0674
Investments 100 127.4787 189.4592 113.3738 131.4453
Advances 100 100.5142 89.86404 92.37272 102.9735
Deferred tax asset #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Other assets 100 120.2472 132.9625 57.60626 65.96401
TOTAL ASSETS 100 111.4545 128.2802 105.3499 119.9108
Bills payable 100 125.1728 115.4337 102.8023 116.3684
Borrowings from financial institutions 100 57.50872 87.54769 47.52987 51.75553
Subordinated loans #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
lease #DIV/0! #DIV/0! #DIV/0! #VALUE! #VALUE!
Deferred tax liabilities 100 154.3452 196.9156 #VALUE! #VALUE!
TOTAL LIABILITIES 100 111.1187 128.4304 115.185 131.6801
NET ASSETS 100 113.5707 127.3336 43.37166 45.74382
Share capital 100 110 121 195.2174 195.2174
Reserves 100 104.6297 109.9013 14.68396 18.95031
Unappropriated profit 100 135.717 179.7702 41.58423 47.53008
Surplus on revaluation of assets 100 115.6983 114.1203 52.6041 41.96784
Total EQUITY 100 113.5707 127.3336 43.37166 45.74382
Total Liabilities and Equity 100 111.4545 128.2802 105.3499 119.9108
42
Horizontal Analysis of P&l
2009 2010 2011 2012 2013

100 106.2099 132.0261 132.4322 126.0542
Mark up /return/interest Expense 100 113.5486 149.1041 173.5952 171.6754
Net markup / interest income 100 102.9602 124.4637 114.2046 105.8524
Provision against Loans and Advances 100 29.94681 52.45362 -0.20509 -0.46044
Provision for Diminution in the value of investments 100 53.49055 0.492795 8.296399 -48.8013
Bad debts Written Off Directly 100 125.1852 13.70021 0.495478 0
100 49.12537 49.89694 6.528872 -38.7257
Net Mark Up/ interest income after provisions 100 116.8148 143.6538 141.9155 143.0603
Non mark up/ interest income #DIV/0! 0 0 0
Fee, commission and brokerage income 100 123.9411 153.5839 178.1131 202.3318
Dividend income 100 118.307 218.2255 260.4978 202.8788
Income from dealing in foreign currencies 100 185.2204 269.8467 241.0226 268.4729
Gain on sale and redemption of securities 100 53.22448 95.0723 106.5615 275.3204
Unrealized loss/ Gain on revaluation of investments 100 115.8301 -387.961 0 0
Classified as held for Trading #DIV/0! 0 #DIV/0! 0
Other income 100 74.40112 45.48483 50.78656 61.07771
Total non Markup/Interest Income 100 111.0302 0 162.2101 197.9597
100 115.8574 143.6713 145.2743 152.1464
Non Markup/ Interest Expense #DIV/0! 0 0 0
Administrative expenses 100 120.4483 154.1941 168.8405 185.1155
Provisions against off balance sheet Obligations 100 61.79704 360.3358 -131.144 -36.608
Provisions Against Other Assets #DIV/0! 0 #DIV/0! #DIV/0!
Other charges 100 142.9312 203.1992 86.93385 134.5497
Total Non Markup/ Interest expenses 100 121.101 159.9767 159.7572 179.031
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Extra Ordinary/Unusual Items #VALUE! 0 0 #VALUE!
Profit before Taxation 100 113.38 135.9674 138.4315 139.4441
Taxation Current 100 104.2076 126.2376 124.6317 196.9411
Deferred 100 #REF! -46.4966 -5.22909 0
Prior Years 100 #REF! 59.21202 63.766 -200.044
100 81.4912 726.5561 669.6027 650.3106
Profit after taxation 100 60.53385 125.36 135.1423 138.7217
Inappropriate profit brought forward 100 183.5371 232.9401 308.5516 385.3328
43
Transfer from surplus on revaluation of fixed assets net #REF! 160.3118 160.3163 160.3118
of tax
100 70682.35 0 0 384.7877
Profit available for appropriation 100 63.94298 165.4151 199.6793 230.4891
Basic/Diluted Earning Per Share 100 1.46E+08 94.20161 101.5611 94.73684
HBL Horizontal Analysis of B/s
2009 2010 2011 2012 2013

ASSETS
Cash and balances with treasury banks 100 102 129.5088 196.9312 169.6856
Balances with other banks 100 93 117.2985 118.8605 142.0522
Lendings to financial institutions 100 567 776.7983 463.8305 658.9261
Investments 100 118 193.3796 368.2282 381.6103
Advances 100 101 100.595 109.9316 123.9822
Other assets 100 39 46.61782 57.47638 62.52055
Operating fixed assets 100 57 43.39495 36.12216 30.43581
Deferred tax asset 100 379 486.7366 582.9875 723.5435
100 107 131.9267 186.4261 198.5777
LIABILITIES
Bills payable 100 97 138.3702 188.6484 193.4197
Borrowings from financial institutions 100 77 75.12644 374.1329 205.288
Deposits and other accounts 100 109 136.7457 177.9515 205.2332
Sub-ordinated loans 100 102 119.5633 129.1679 62.51341
Liabilities against assets subject to finance lease 100 #VALUE! #VALUE! #VALUE! #VALUE!
Other liabilities 100 #VALUE! #VALUE! #VALUE! #VALUE!
Deferred tax liability 100 #VALUE! #VALUE! #VALUE! #VALUE!
100 106 132.1472 189.5373 201.7987
NET ASSETS 100 114 129.8889 157.6841 168.8214
REPRESENTED BY:
Shareholders' equity
Share capital 100 110 121 133.1 146.41
Reserves 100 107 116.7774 143.0552 158.2075
Unappropriated profit 100 123 148.0082 175.3926 191.5639
Total equity attributable to the equity holders of the Bank 100 116 133.2919 158.418 173.8691
Minority interest 100 106 108.1391 107.3446 164.9797
Surplus on revaluation of assets - net of deferred tax 100 101 101.3682 157.982 122.5012
100 114 129.8889 157.6841 168.8214
44
Horitical Analysis of P&l
2009 2010 2011 2012 2013

Mark-up / return / interest earned 100 107 130 153 158
Mark-up / return / interest expensed 100 103 126 177 195
Net mark-up / interest income 100 110 132 135 129
Provision against non-performing loans and advances 100 86 76 82 18
(Reversal) / charge against off-balance sheet obligations 100 -60 18 -14 -44
Charge / (reversal) against diminution in the value of 100 -14 68 -140 -65
Bad debts written off directly 100 #VALUE! #VALUE! #VALUE! #VALUE!
100 83 0 0 0
Net mark-up / interest income after provisions 100 117 147 0 0
Non mark-up / interest income #DIV/0! #DIV/0! #DIV/0!
Fee, commission and brokerage income 100 102 114 9 14
Gain on sale of securities 100 231 91 228 388
Income from dealing in foreign currencies 100 167 196 159 203
Other income 100 83 88 479 580
Total non mark-up / interest income 100 114 132 600 654
100 117 0 0 0
Non mark-up / interest expense #DIV/0! #DIV/0! #DIV/0!
Other provisions / write offs - net 100 85 -115 9 11
Other charges 100 5,048 2,192 19,905 20,370
Workers welfare fund 100 131 167 8,032 9,221
100 108 0 0 0
Taxation #DIV/0! #DIV/0! #DIV/0!
current 100 120 129 155 131
prior years 100 -57 -3 -38 11
deferred 100 -33 153 -47 267
100 125 0 0 0
Profit after taxation 100 127 167 167 172
Attributable to: #DIV/0! #DIV/0! #DIV/0!
Equity holders of the Bank 100 126 166 166 171
Non-controlling interest 100 129 63 -62 -84
Minority investor of HBL Funds 100 -129 -109 -197 -304
100 127 0 0 0
Basic and diluted earnings per share 100 114 137 125 117
45
Horizontal Analysis of Balance Sheet of NBP
2009 2010 2011 2012 2013
Cash and balances with treasury banks 100 -0.866977 13.00675 36.07496 35.6236
Balances with other banks 100 6.7982492 -2.48902 7.325599 -36.12
Lendings to financial institutions - net 100 17.108952 125.3698 -57.9293 163.885
Investments - net 100 38.3658 46.84424 57.61529 82.17787
Advances - net 100 0.746482 10.89135 39.13135 30.47895
Deferred tax assets - net 100 126.93167 160.1792 13.11958 257.9367
Other assets - net 100 -9.297909 11.59213 35.54511 35.97104
100 9.7383317 21.94483 39.14324 45.01673
LIABILITIES 100
Bills payable 100 -24.61629 -14.2777 35.27361 30.82051
Borrowings 100 -56.14985 -41.1716 14.01823 -48.6609
Sub-ordinated loans 100
Liabilities against assets subject to 100
finance lease 100 189.5048 117.5491 -10.0307 34.21614
Deferred tax liabilities 100
100 9.9772999 23.43653 40.6959 46.89049
NET ASSETS 100 8.116002 11.81782 28.60242 32.29591
REPRESENTED BY 100
Share capital 100 25.000014 56.25002 71.87501 97.65626
Reserves 100 7.4133859 12.01727 29.5368 43.34956
Unappropriated profit 100 7.6299549 11.81383 13.28522 -20.2295
100 9.5148192 16.81933 23.75976 8.331817
Non-controlling interest 100 349.00027 346.6673 612.9523 639.8026
100 9.9045994 17.19804 24.43624 9.056841
Surplus on revaluation of assets - net 100 1.1553247 -9.12039 44.81591 122.7353
100 8.116002 11.81782 28.60242 32.29591
46
Horizontal Analysis of NBP P&l
2009 2010 2011 2012 2013

Mark-up / return / interest earned 100 14 22.35519 29.44148 28.2465
Mark-up / return / interest expensed 100 15 22.98763 43.35852 54.36501
Net mark-up / interest income 100 13 21.96868 15.24672 1.606808
Provision against non-performing advances - net 100 -37 -44.2121 -35.8243 56.60315
Provision for diminution in the value of investments
- net 100 346 381.8948 32.70688 114.5187
Impairment of goodwill 100
Provision against off balance sheet obligations 100 -80 -100 -100 3399.679
Bad debts written off directly 100
100 -15 -20.8297 -32.1582 65.5433
Net mark-up / interest income after provisions 100 25 40.80563 36.07394 -26.5337
NON MARK-UP / INTEREST INCOME 100
Fee, commission and brokerage income 100 10 10.5766 23.88132 37.23446
Dividend income 100 -44 -15.9016 9.646582 40.29171
Income from dealing in foreign currencies 100 -27 2.995064 22.28891 26.50186
Gain on sale and redemption of securities - net 100 -45 -47.9602 -29.8843 -15.3684
Unrealized gain on revaluation of 100
investments classified as Held-for-trading 100 186 -1587.86 -58.5563 -105.902
Share of loss from joint ventures - net of tax 100 -59 -177.145 -327.187 1319.926
Share of profits from associates - net of tax 100 1,177 1495.246 35326.17 8266.743
Gain on revaluation of previously held equity
interest 100
100 295 359.9221 372.364 493.9953
Total non-markup / interest income 100 -5 3.375769 221.0937 35.8063
100 12 25.24485 -100 -0.617
NON MARK-UP / INTEREST EXPENSES 100
Administrative expenses 100 17 34.81731 60.99508 65.13311
Other provisions / write offs 100 -71 -11.7094 -36.1205 51.67817
100 -63 -57.1418 -50.1553 -92.7265
Total non-markup / interest expenses 100 14 32.34262 56.92309 62.63676
100 11 17.64578 8.399451 -68.3382
Extra ordinary / unusual items 100
PROFIT BEFORE TAXATION 100 11 17.64578 8.399451 -68.3382
- Current 100 7 -0.34269 -32.7308
- Prior year(s) 100 -77 -106.284 -100 -103.144
- Deferred 100 100 5.713153 -62.9351 352.7557
100 68 105.0548 75.04184 -58.0038
PROFIT AFTER TAXATION 100 -2 -2.15413 -6.6964 -70.6792
Attributable to: 100
47
Shareholders of the bank 100 -2 -2.1494 -7.2189 -70.8589

Non-controlling interest 100 3,908 46.29734 -5352.97 -1909.16
Basic earnings per share for profit for the year 100 -2 -2.15413 -6.6964 -70.6792
Horizontal Analysis of B.s of Bok
Assets 2009 2010 2011 2012 2013
Cash and balances with treasury

banks,
100 313.8495 173.1693 192.0778 251.3825
Balances with other banks,

100 59.86336 60.8544 65.71264 151.9109
Lending to financial institution,

100 165.0631 116.0016 96.70208 483.2077
Investments, 100 257.881 476.5232 593.2618 693.1716
Advances, 100 154.0925 188.3058 225.5226 299.5126
Operating fixed assets,
100 799.933 928.5066 969.3943 1144.362
Deferred tax assets,
100 604.4558 347.8089 183.0043 407.9927
Other assets,
100 109.4353 96.82743 111.5011 113.6621
Total assets 100 130.8775 176.3037 211.7404 278.7132

Liabilities #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Bills payable,
100 235.2441 235.7696 467.7188 436.7142
Borrowings, 100 66.17872 237.5712 169.6354 346.5304
Deposits and other accounts,

100 211.9012 260.99 344.0437 442.4535
Sub-ordinate loans,
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
48
Liabilities against assets subject

to finance lease,
Deferred tax liability,

Other liabilities,
100 104.3599 155.0039 204.9497 229.1775
Total
liabilities 100 126.0155 176.7489 214.4735 291.0758
Net assets 100 376.5011 415.1558 469.6784 502.9213
Represented by
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Share capital,
100 406.4876 668.3813 731.2091 812.3252
Reserves, 100 85.69228 112.9714 146.5955 183.0793
Inappropriate profit,
100 29.57539 425.8784 475.1313 421.3324
100 111.1789 192.4446 213.7753 236.3352
Surplus on
the
revaluation
of assets, 100 82.0243 95.32769 136.3365 92.30891
100 103.5905 173.8507 196.6826 210.6033
Horizontal Analysis of P&L of Bok
2009 2010 2011 2012 2013
Mark-up/Return/Interest
earned
100 124.1044 204.9203 212.5341 218.4884
Mark-
up/Return/Interest
expense 100 122.3678 190.4269 192.9048 181.3798
Net Mark-up/Interest
income
100 128.2569 239.5781 259.4735 307.2254
49
Provision against non

performing loans and
advance
100 14.11086 12.14233 11.11422 40.61675
Provision for
diminution in the value
of investments
Bad debts written off

directly
100 -90.4981 68.58841 49.93986 23.08421
Net Mark-up/interest
income after provision
100 569.2227 762.6716 856.8026 1060.064
Non Mark-up/interest
income
Fee, commission and

brokerage income
100 254.2094 342.9843 355.0344 325.868
Dividend income
100 61.98951 184.7842 195.7497 61.62014
Income from leading

and foreign currencies
100 244.6787 447.7012 1129.24 1439.803
Gain on sale of
securities-net 100 -439.297 260.2329 453.7126 212.0266
Unrealized gain/loss on
revaluation of
investments
100 374.6073 -4382.72 50.26178 -2682.72
Other income 100 164.9408 162.7817 153.1211 218.1293
50
Total non-
markup/interest income
100 19.45924 238.0387 318.2876 225.5376
100 282.7879 489.3302 576.2284 625.2637
Non markup/interest
expenses
Administrative
expenses 100 253.5895 394.6158 445.4262 52.94804
Other provision/write
offs
Other charges 100 350.4702 1002.168 1323.903 943.9394
Total non-
markup/interest
expenses 100 253.0585 424.2009 484.7759 5349.326
100 -89.2799 -160.93 -196.454 -208.975
Extra ordinary/unusual
items
Profit before taxation

100 335.3464 604.472 737.9069 784.9364
Taxation #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Current 100 447.5955 1356.055 2478.072 2905.638
Prior years 100 62.76923 809.4154 -239.138 -1939.78
Deferred 100 249.1257 495.3555 23.86681 -19.8067
Profit after
taxation 100 -88.4339 -136.901 -169.191 -181.116
Inappropriate profit
brought forward
Profit available for

appropriation
100 81.73818 458.548 905.3653 990.4673
51
Basic and diluted

earnings per share-
rupees
100 108.6538 124.0385 103.8462 110.5769
Vertical Analysis of Bafl B.s
Assets 2009 2010 2011 2012 2013

Cash and balances with treasury banks 9.010206 10.01202 10.86833 10.81969 10.02346
Balances with other banks 5.840244 3.93193 3.721799 4.980923 5.761408
Lending to financial institutions 3.841836 1.579055 1.658659 0.163453 0.41303
Investments 25.4864 27.56508 35.5705 35.32125 35.97858
Advances 48.33125 50.34281 42.39206 43.60632 42.70779
Operating fixed assets 3.724829 3.452032 2.859768 2.562605 2.429553
Deferred tax asset #VALUE! #VALUE! 0.0901 0.071691 0.197178
Other assets 3.765229 3.117067 2.838787 2.474065 2.488997
TOTAL ASSETS 100 100 100 100 100
Bills payable 0.967986 1.098836 1.154155 1.571563 1.562931
Borrowings from financial institutions 5.308535 3.329444 3.880819 3.956971 3.785549
Deposits and other accounts 83.47077 86.03383 85.7049 85.20915 86.0651
Subordinated loans 1.945712 1.839001 1.526931 1.09508 1.636221
lease #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Deferred tax liabilities 0.046226 0.028171 #VALUE! #VALUE! #VALUE!
Other liabilities 2.571975 2.249959 2.227325 2.52897 1.725671
TOTAL LIABILITIES 94.3112 94.57924 94.49413 94.36174 94.77547
NET ASSETS 5.688801 5.420758 5.505869 5.638263 5.224533
REPRESENTED BY
Share capital 3.467644 3.278759 2.881742 2.514893 2.209507
Reserves 0.922191 0.928137 0.8758 1.05068 1.191296
Unappropriated profit 0.691579 0.587109 1.120964 1.223119 1.228244
Surplus on revaluation of assets 0.607387 0.626753 0.627364 0.84957 0.595487
Total EQUITY 5.688801 5.420758 5.505869 5.638263 5.224533
Total Liabilities and Equity 100 100 100 100 100
52
Vertical Analysis of P&l
2009 2010 2011 2012 2013

Total Earnings (mark up + nonmark up earnings) 100 100 100 100 100
221.0234387 204.1578 184.741963 132.484383 174.632118
Mark up /return/interest Expense
153.2325816 129.7693 107.127576 79.0654176 107.518629
Net markup / interest income
67.79085714 74.38846 77.6143877 53.4189657 67.1134893
Provision against Loans and Advances
22.96263033 12.20525 7.77578793 5.31472342 3.7919322
Provision for Diminution in the value of
investments 1.971262419 10.83172 10.2562864 4.91306617 0.3765742
Bad debts Written Off Directly 0.371779282 0.138737 0.02375471 0.00334662 0.01703377
25.30567203 23.17571 18.0558291 10.2311362 4.18554017
Net Mark Up/ interest income after provisions 42.48518511 51.21276 59.5585586 43.1878295 62.9279491
Non mark up/ interest income
0 0 0 7.29331566 11.124628
Fee, commission and brokerage income
11.8898516 10.80603 8.95905674 0 0
Dividend income
1.54273765 1.112035 0.79950269 1.00358537 1.91696236
Income from dealing in foreign currencies
6.337917826 6.166273 4.65175625 3.76552741 6.10088575
Gain on sale and redemption of securities
4.281854154 0.422179 0.58424651 3.81813312 6.31177
Unrealized loss/ Gain on revaluation of
investments - 0.0336266
Classified as held for Trading 0.017707327 0.017951 0.04609564 0.00434428 0
Other income 8.139074303 7.087065 7.43714574 5.04967656 7.39863805
Total non Markup/Interest Income
32.20914286 25.61154 22.3856123 20.9345824 32.8865107
74.69432797 76.82429 81.9441709 64.1224119 95.8144598
Non Markup/ Interest Expense
0 0 0 0 0
Administrative expenses
67.89263232 68.42246 57.685636 43.7131276 68.6784191

Provisions against off balance sheet Obligations
-0.00881948 0.032944 0 -0.0632666 0.0083421
Provisions Against Other Assets
#VALUE! 0.506121 0.76385811 0.37521208 -0.6460001
Other charges
0.493828695 0.417044 0.83379604 0.59495312 0.73254739
53
Total Non Markup/ Interest expenses

68.37764153 69.37857 59.2832901 44.6200262 68.7733085
6.316686436 7.445723 22.6608808 19.5023857 0
Extra Ordinary/Unusual Items
#VALUE! #VALUE! 0 0 #VALUE!
Profit before Taxation
6.316686436 7.445723 22.6608808 19.5023857 27.0411514

Taxation Current
6.627357105 4.581589 13.6091156 9.03328607 9.53510086
Deferred -
-4.76926868 -2.01754 57.4586192 -2.1702062 -0.6318543
Prior Years
-1.11672385 -0.38653 0.18766886 -0.460016 -0.436967
0.74136457 2.177521 8.05136088 6.40308112 8.46627955
Profit after taxation
5.575321866 5.268202 14.6095199 13.0993046 18.5748718
Inappropriate profit brought forward
21.42696567 14.63707 10.0751484 15.0886957 0
Transfer from surplus on revaluation of fixed 0.153492505 0.145216 0.12384059 0.0853761 0
assets net of tax
0 0 0 0 0
Profit available for appropriation
27.15578004 20.06681 24.808509 28.2733764 18.5748718
Basic/Diluted Earning Per Share
4.41285E-06 1.0843E-05 9.7178E-06 1.3784E-05
Vertical Analysis of Balance Sheet of MCB
Assets 2009 2010 2011 2012 2013

Cash and balances with treasury banks 7.614505952 8.000523997 8.13224437 7.49708899 7.49708899
Lending to financial institutions 0.589132014 0.775572326 0.146209189 0.202568748 0.202568748
Investments 32.82142134 37.54028739 48.47451138 52.49633701 52.49633701
Advances 49.73244442 44.85074743 34.83903313 31.28132071 31.28132071
Deferred tax asset 0 0 0 0 0
Other assets 4.524552525 4.88149792 4.689702685 5.267630252 5.267630252
TOTAL ASSETS 100% 100 100 100 100
Bills payable 1.610508224 1.80873751 1.44922482 1.292113464 1.292113464
Borrowings from financial institutions 8.770621955 4.525499912 5.985707037 10.3082918 10.3082918
54
finance lease 0 0 0 0 0
Deferred tax liabilities 0.627767881 0.869349887 0.963650619 1.193642777 1.193642777
Other liabilities 3.106509214 2.835388056 2.813650524 2.754667811 2.754667811
TOTAL LIABILITIES 86.30464189 86.044605 86.40570031 86.71485313 86.71485313
NET ASSETS 13.69535811 13.955395 13.59429969 13.28514687 13.28514687
Share capital 1.357172621 1.339461721 1.280149984 1.201020121 1.201020121
Reserves 7.538093369 7.076507989 6.458101872 5.7779512 5.7779512
Surplus on revaluation of assets 1.701429164 1.766214756 1.513621575 1.774894228 1.774894228
Total EQUITY 13.69535811 13.955395 13.59429969 13.28514687 13.28514687
Total Liabilities and Equity 100% 100 100 100 100
2009 2010 2011 2012 2013

Total Earnings (mark up + nonmark up
earnings) 100 100 100 100 100
124.62388 127.1990206 72.87531799 136.6864034 132.6786832

Mark up /return/interest Expense 38.24830122 41.73608637 25.25929807 54.98958668 55.45783511
Net markup / interest income 86.37557874 85.46293421 47.61601992 81.6968167 77.22084811
Provision for Diminution in the value of -
investments 3.583558989 1.031294697 0.832548356 0.006086843 -0.013935885
Provision against Loans and Advances 13.99538103 7.194148055 0.030547141 0.961623234 -5.768450972
Bad debts Written Off Directly 0.100382861 0.120761965 0.006091249 0.000411922 0
17.67932288 8.346204718 3.907140326 0.955948312 -5.782386857
Net Mark Up/ interest income after
provisions 68.69625587 77.11672949 43.70887959 80.74086839 83.00323496
Non mark up/ interest income 0 0 0 11.86668862 0
Fee, commission and brokerage
income 8.044574664 9.581558295 5.472281103 0 13.74706312
Dividend income 1.1100182 1.261996989 1.072889607 2.394774849 1.901995411
Income from dealing in foreign
currencies 0.824295492 1.467199751 0.985188887 1.645399275 1.869072546
Gain on sale and redemption of
securities 1.868218329 0.955557151 0.786685403 1.648764636 4.344188866
55
Unrealized loss/ Gain on revaluation of

investments - 0 -0.013935885
Classified as held for Trading 0 0.007656819 0.011819974 0 0
Other income 1.77731457 1.270753606 0.358055487 0.74755592 0.916831949
Total non Markup/Interest Income 13.62442126 14.53706579 8.675100487 18.3031833 22.77915189
82.32067712 91.65379528 52.38398008 99.04405169 105.7823869
Non Markup/ Interest Expense 0 0 0 0 0
Administrative expenses 24.40322648 28.24656861 16.66611718 34.12356448 38.15334681
Provisions against off balance sheet -
Obligations 0.344840333 0.204787438 0.550357575 0.374538815 -0.106619511
Provisions Against Other Assets 0 0 0 0 0
Other charges 1.666327478 2.288785764 1.499690866 1.199719981 1.893589834
Total Non Markup/ Interest expenses 26.41439429 30.74014182 18.71616562 34.94874564 39.94031714
0 0 0 0 0
Extra Ordinary/Unusual Items #VALUE! #VALUE! 0 0 #VALUE!
Profit before Taxation 55.90628284 60.91365347 33.66781446 64.09530605 65.84206972
Taxation Current 18.59918683 18.62563802 10.39925322 19.19787125 30.93663237
Prior Years -5.38958128 0 1.109931157 0.233405639 0
Deferred 5.284173965 3.1380593 1.385818951 2.790595619 -8.927830653
4.007124633 21.76369732 12.89500333 22.22187251 22.00880171
Profit after taxation 37.41250332 39.14995614 20.77281113 41.87343354 33.03715936
Inappropriate profit brought forward 22.19677132 36.61149309 22.90095075 56.7215615 72.2384573
Transfer from surplus on revaluation of 0.053900014 0.050562852 0.038271349 0.071564398 0
fixed assets net of tax
22.25067133 36.66205595 22.9392221 56.7931259 0
Profit available for appropriation 59.66317465 75.81201209 43.71203323 98.66655943 116.1447042
Basic/Diluted Earning Per Share 5.41318E-05 5.22056E-05 2.25855E-05 4.55313E-05 4.33126E-05
Vertical Analysis of HBL Bank Of Balance Sheet
2009 2010 2011 2012 2013

ASSETS
Cash and balances with treasury banks 9 9 9.073691 9.763937 7.898265
Balances with other banks 5 4 4.15509 2.979555 3.343014
Lendings to financial institutions 1 3 3.648886 1.541832 2.056321
Investments 25 28 36.73403 49.49949 48.15928
Advances 53 50 40.13566 31.03864 32.86365
Other assets 5 2 1.682031 1.467565 1.498673
Operating fixed assets 2 1 0.638485 0.376107 0.297508
56
Deferred tax asset 1 4 3.932126 3.332871 3.883293

100 100 100 100 100
LIABILITIES 0 0 0 0 0
Bills payable 12 10 12.67897 14.23897 13.63599
Borrowings from financial institutions 62 42 36.0204 147.763 75.72927
Deposits and other accounts 809 776 851.9547 913.2473 983.7731
Sub-ordinated loans 5 4 4.595527 4.089556 1.848653
Liabilities against assets subject to finance lease #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other liabilities 35 #VALUE! #VALUE! #VALUE! #VALUE!
Deferred tax liability #VALUE! 28 34.61307 31.07592 29.26786
924 861 939.8627 1110.415 1104.255
NET ASSETS
REPRESENTED BY: 0 0 0 0 0
Shareholders' equity 0 0 0 0 0
Share capital 11 10 10.05656 9.112261 9.36223
Reserves 33 30 29.33355 29.60013 30.57577
Unappropriated profit 46 49 51.99586 50.75492 51.77751
Total equity attributable to the equity holders of the
Bank 89 90 91.38597 89.46732 91.71552
Minority interest 1 1 1.128136 0.92245 1.324201
Surplus on revaluation of assets - net of deferred
tax 10 9 7.485894 9.610231 6.960283
100 100 100 100 100
2009 2010 2011 2012 2013

Total Earnings (mark up + nonmark up earnings) 100 100 100 100 100
Mark-up / return / interest expensed 62 57 59 47 51
Net mark-up / interest income 79 79 79 46 43
Provision against non-performing loans and advances - net 16 13 9 6 1
Provision against off-balance sheet obligations 0 0 0 0 0
Provision against diminution in the value of investments 1 0 0 0 0
Bad debts written off directly - - - 5 1
17 13 0 0 0
Net mark-up / interest income after provisions 62 66 70 0 0
Non mark-up / interest income 0 0 0 5 6
57
Fee, commission and brokerage income 10 9 9 0 1

Income / gain on investments 1 2 1 1 2
Income from dealing in foreign currencies 4 5 5 2 3
Other income 6 5 4 13 15
Total non-mark-up / interest income 21 21 21 54 57
83 87 0 0 0
Non mark-up / interest expense 0 0 0 25 28
Other provisions / write offs - net 0 0 0 0 0
Other charges 0 0 0 1 1
Workers welfare fund 1 1 1 26 29
Total non mark-up / interest expenses 43 42 0 0 0
Taxation 0 0 0 0 0
- current 15 16 15 10 8
- prior years -2 1 0 0 0
- deferred 2 -1 2 0 2
15 17 0 0 0
Profit after taxation 25 29 31 18 18
Attributable to: 0 0 0 0 0
Equity holders of the Bank 25 28 31 18 18
Minority interest 0 0 0 0 0
Minority investor of HBL Funds 0 0 0 0 0
25 29 0 0 0
Basic and diluted earnings per share 0 0 0 0 0
Vertical Analysis of NBP Balance Sheet
2009 2010 2011 2012 2013

Lendings to financial institutions - net 3.043271 2.961736 2.433496 2.347371 1.340563
Investments - net 2.080924 2.22069 3.845816 0.629178 3.786629
Advances - net 23.00405 29.00512 27.70115 26.05797 28.89893
Deferred tax assets - net 2.664212 2.660906 2.438426 2.257644 2.520115
Other assets - net 0.323972 0.669952 0.69122 0.26338 0.799641
6.297158 5.204794 5.762551 6.134319 5.904362
LIABILITIES
58
Bills payable
Borrowings 1.12286 0.771338 0.789325 1.091633 1.012939
Sub-ordinated loans 76.80627 80.16563 80.40149 78.87298 80.32594
finance lease
Deferred tax liabilities 0.004507 0.011889 0.00804 0.002914 0.004171
Other liabilities
4.488384 4.508429 4.742296 4.282849 5.2666
NET ASSETS 87.16121 87.35101 88.22742 88.13381 88.28742
REPRESENTED BY 12.83879 12.64899 11.77258 11.86619 11.71258
Share capital
Reserves 1.137928 1.296184 1.458047 1.405612 1.550984
6.591223 6.464587 6.043634 5.366327 3.625684
Non-controlling interest 10.20245 10.18167 9.773633 9.074486 7.621538
0.011727 0.047983 0.042956 0.06009 0.059827
Surplus on revaluation of assets - net 10.21418 10.22966 9.816588 9.134576 7.681365
2.624609 2.41933 1.955995 2.731611 4.031212
Vertical Analysis of NBP P&L
2009 2010 2011 2012 2013

Mark-up / return / interest expensed 68.266365 73.25316 72.491 53.38551 93.3252
Net mark-up / interest income 66.930768 70.56416 70.48392 42.07727 60.22709
Provision against non-performing advances - net 19.293262 11.36505 9.293127 6.754127 26.75774
Provision for diminution in the value of investments -
net 1.1270616 4.711045 4.689384 0.815895 2.141195
Impairment of goodwill
Provision against off balance sheet obligations 0.0350207 0.00643 1.085416
Bad debts written off directly 0.004628
20.455344 16.23268 13.98251 7.570022 29.98898
Net mark-up / interest income after provisions 46.475424 54.33147 56.5014 34.4978 30.23811
NON MARK-UP / INTEREST INCOME
Fee, commission and brokerage income 15.569512 16.00919 14.86463 10.52141 18.92263
Dividend income 3.2824946 1.730829 2.383458 1.963325 4.078301
Income from dealing in foreign currencies 5.3709925 3.695759 4.776248 3.582901 6.017204
Gain on sale and redemption of securities - net 7.9483852 4.074376 3.571336 3.040095 5.957372
Unrealized gain on revaluation of
59
investments classified as Held-for-trading 0.0040754 0.010914 -0.05235 0.000921 -0.00021

Share of loss from joint ventures - net of tax -0.072189 -0.02753 0.048083 0.089464 -0.90778
Share of profits from associates - net of tax 0.0090645 0.108504 0.12485 1.751707 0.671651
Gain on revaluation of previously held equity interest
0.9568954 3.541683 3.799833 2.465667 5.03374
Total non-markup / interest income 33.069232 29.43584 29.51608 57.92273 39.77291
79.544656 83.76732 86.01749 70.01102
NON MARK-UP / INTEREST EXPENSES
Administrative expenses 39.484873 43.35218 45.9613 34.6766 57.74418
Other provisions / write offs 1.0874481 0.291618 0.82897 0.378934 1.460747
0.5566191 0.192803 0.205972 0.151346 0.035855
Total non-markup / interest expenses 41.128941 43.8366 46.99624 35.20688 59.23925
38.415715 39.93072 39.02125 22.71586 10.77177
Extra ordinary / unusual items
PROFIT BEFORE TAXATION 38.415715 39.93072 39.02125 22.71586 10.77177
- Current 16.027493 16.00914 13.79084 0.713 9.548286
-
- Prior year(s) 7.1597248 -1.52144 0.388479 0.199356
-
- Deferred 1.7729482 -3.3239 -1.61823 -0.35847 -7.10891
7.0948197 11.1638 12.56108 6.774486 2.638727
PROFIT AFTER TAXATION 31.320896 28.76692 26.46016 15.94137 8.133046
Attributable to:
Shareholders of the bank 31.323957 28.88189 26.46403 15.85365 8.083997
-
Non-controlling interest 0.0030613 -0.11498 -0.00387 0.087721 0.049049
Basic earnings per share for profit for the year 31.320896 28.76692 26.46016 15.94137 8.133046
60
Vertical Analysis of B.s of BOK
Assets 2009 2010 2011 2012 2013
Cash and balances with

treasury banks,
4.170309789 10.00057 4.096168 3.783047 3.761368
Balances with other

banks,
6.46779988 2.958371 2.232478 2.007252 3.525234
Lending to financial
institution,
3.999400163 5.044056 2.631465 1.826531 6.933798
Investments,
19.83584884 39.08456 53.61341 55.5768 49.33261
Advances,
0 35.90626 32.57285 32.48179 32.77262
Operating fixed assets,

0.361257255 2.208031 1.902568 1.653916 1.483278
Deferred tax assets,

0.188974292 0.872775 0.372805 0.163328 0.276629
Other assets,
4.694496886 3.925379 2.578256 2.472091 1.914465
Total
assets 100 100 100 100 100
Liabilities
Bills payable,
2.001040874 4.544172 2.713735 4.758553 4.149426
Borrowings,
73.36357112 46.86827 100.2531 63.27484 120.7137
61
Deposits and other

accounts,
292.7088335 598.7551 439.4236 512.016 614.9477
Sub-ordinate loans,
0
Liabilities against assets

subject to finance lease,
Deferred tax liability,

0
Other liabilities,
19.88277337 20.03045 17.72733 20.7185 21.63633
Total
liabilities 550.933189 670.198 560.1178 600.7679 761.4471
Net assets
41.87600852 152.1989 100 100 100
Represented by
0
Share capital,
20.64697549 81.01844 79.37876 76.75951 79.63814
Reserves,
10.72645324 8.873153 6.970251 7.994859 9.324599
Inappropriate profit,
2.953375184 0.843197 7.234822 7.134547 5.908513
84.54179656 90.73479 93.58384 91.88891 94.87126
Surplus on
the
revaluation
of assets,
11.70126211 9.265211 6.416163 8.111088 5.128744
62
100 100 100 100 100
Vertical Analysis of P&l of BOK
2009 2010 2011 2012 2013

Total Earnings (mark up + nonmark up
earnings) 100 100 100 100 100
131.689 120.37254 109.705
Mark-up/Return/Interest earned 213.4445591
142.779 5 2 8
99.2684 86.2901 77.038632 64.2180
Mark-up/Return/Interest expense 150.5053704
8 9 5 5
62.9391887 43.5104 45.3993 43.333909 45.4877

Net Mark-up/Interest income 8 2 2 4
Provision against non performing loans and 1.66007 0.79792 0.6436854 2.08546
21.82634751
advance 1 9 7 2
- -
Provision for diminution in the value of
0 12.6138 3.83935 2.3320399 0.86527
investments
4 6 9 4
Bad debts written off directly 0 0 0 0 0
-
22.45597488 10.9537 4.63728 2.9757254 1.21944
7 5 7 7
54.4642 40.7620 40.358183 44.2675
Net Mark-up/interest income after provision 17.75158808
5 4 7 5
Non Mark-up/interest income 0 0 0 0 0
5.85636 4.0265092 3.27644
Fee, commission and brokerage income 4.27409946
9 4.41367 6 2
4.22952 1.10200
Dividend income 7.602309725
2.54013 4 3.9487551 7
1.04394 1.06698 2.3718526 2.68106
Income from leading and foreign currencies 0.791567527
2 3 6 3
-
Gain on sale of securities-net 4.098181573 9.70379 3.21095 4.9338471 2.04407
3 7 5 9
- -
Unrealized gain/loss on revaluation of
0.024051765 0.04856 0.31737 0.0032077 0.15178
investments
4 5 3 8
2.24005 1.23488 1.0237352 1.29291
Other income 2.5196428
7 3 3 2
2.02526 13.8386 16.307907 10.2447
Total non-markup/interest income 19.30922322
9 4 1 1
37.0608113 56.4895 54.6006 56.666090 54.5122

2 8 8 6
63
Non markup/interest expenses 0 0 0 0 0

32.0258 27.8376 27.692776 2.91838
Administrative expenses 23.43026027
4 6 5 8
-
Other provision/write offs 0 0.19361 1.66762 0.06927
2 8 598553200 3
0.45530 0.72723 0.8466916
Other charges 0.241021356
1 9 6 0.5352
23.67128163 32.2875 30.2325 30.449239

Total non-markup/interest expenses 3 3 9 297.877
24.2019 24.3681 26.216850 24.7238
-50.29274524
9 5 9 4
Extra ordinary/unusual items 0 0 0 0 0
24.2019 24.3681 26.216850 24.7238
Profit before taxation 13.38952967
9 5 9 4
Taxation 0 0 0 0 0
3.04182 5.14771 8.2905579 8.61814
Current 1.260828804
3 5 7 3
- -
Prior years 0.204628894 0.06923 0.49867 0.1298464 0.93376
2 7 4 3
-
Deferred 1.465457698 1.96781 2.18560 0.0928071 0.06828
3 4 2 1
-40.1187855 19.1231 16.5361 18.011080 17.0930

Profit after taxation 2 6 7 7
-
Inappropriate profit brought forward 0 13.5310 12.528961 12.3950
9 0.98725 5 8
5.59203 17.5234 30.492293 29.5739
Profit available for appropriation 12.6926581
2 1 8 1
Basic and diluted earnings per share-rupees 0 0 0 0 0
64
Comparative Ratio Analysis
Balf Ratio Analysis
Current Ratio
2009 Bank Alfalah MCB NBP BOK HBL
2009 1.001 1.065 1.09 1.09

1.0396
2010 1.022 1.063 1.1 1.176
1.06001
2011 1.014 1.076 1.09 1.15
1.04941
2012 1.018 1.07 1.08 1.15
1.04156
2013 1.02 1.084 1.09 1.12
1.0336
Current ratio
1.2
1.15
1.1
BAFL
mcb
1.05
nbp
Bok
1
HBL
0.95
0.9
2009 2010 2011 2012 2013
65
Advances to Deposites Ratio
Bank
MCB NBP BOK HBL
Alfalah
2009 48 68.89 65.42 30.49 66.592815
2010 50 59 57.54 35.9 61.515322
2011 42 46.33 56.83 32.57 48.988026
2012 44 43.96 63.7 32.51 41.138505
2013 43 39.26 56.28 32.77 40.2289997
Advances to Deposit Ratio
80
70
60
50 BALF
MCB
40
NBP
30 BOK
HBL
20
10
0
2009 2010 2011 2012 2013
66
Advances to Assets Ratio
Bank
MCB NBP BOK HBL
Alfalah
2009 58 49.73 50.25 45.02 52.636461
2010 58 44.85 46.13 49.31 49.718861
2011 49 34.83 45.69 48.93 40.135665
2012 51 31.28 50.24 44.5 31.038642
2013 50 30.44 45.21 45.9 32.8636474
Advances to Assets Ratio
70
60
50
BAFL
40 MCB
NBP
30
BOK
20 HBL
10
0
2009 2010 2011 2012 2013
67
Debt Ratio
Bank Alfalah MCB NBP BOK HBL
2009 94 86.3 87.16 84.6 90.232474

2010 95 86.044 87.35 81 89.591129
2011 95 86.4 88.22 84.8 90.383346
2012 94 86.71 88.13 85.7 91.738369
2013 94 86.48 88.28 88.3 91.6961097
Debt Ratio
100
95
90
BAFL
MCB
85
NBP
KOB
80
HBL
75
70
2009 2010 2011 2012 2013
68
Debt to Equity Ratio
2009 19 7.19 8 6.51 10.373623

2010 20 7.05 8 6.36 9.5397166
2011 19 7.15 9 5.98 10.28454
2012 20 7.53 9 6.53 12.4114
2013 20 7.25 12 8.02 12.0400001
Debt to Equity Ratio
25
20
BAFL
15
MCB
NBP
10 KOB
HBL
0
2009 2010 2011 2012 2013
69
Times Interest Earned Ratio

2009 1.041 2.46 1.56 1.42 1.6400573
2010 1.57 2.33 1.54 1.442 1.7876443
2011 1.211 2.33 1.53 1.54 2
2012 1.211 2.16 1.42 1.6 1.5912522
2013 1.251 2.18 1.11 1.09 1.55413173
Times Interest Earned Ratio
2.5
2
BAFL
MCB
1.5
NBP
KOB
1
HBL
0.5
0
2009 2010 2011 2012 2013
70
Return On Assets
2009 0.23 3.042 1.91 -1.64 1.5514101

2010 0.23 3.972 1.7 1.109 1.8421532
2011 0.74 2.973 1.53 1.27 1.9598034
2012 0.84 2.734 1.28 1.31 1.3882892
2013 0.76 2.635 0.38 1.06 1.34247532
Return On Assets
3
BAFL
2 MCB
NBP
1 KOB
HBL
0
2009 2010 2011 2012 2013
-1
-2
71
Return On Equity
2009 5 25.37 18.75 -12.6 17.835866

2010 5 24.39 16.78 10.05 19.615357
2011 15 24.61 15.7 8.9 22.300211
2012 18 23.75 14.13 10 18.78234
2013 17 22.09 5.07 9.68 17.6271416
Return On Equity
30
25
20
15 BAFL
MCB
10
NBP
5
BOK
0 HBL
2009 2010 2011 2012 2013
-5
-10
-15
72
Operating Profit Margin
2009 3 44.86 28.41 -23.47 28.105498

2010 4 47..88 27.76 16.95 33.249334
2011 12 46.19 27.29 18.5 34.815633
2012 15 46.81 23.79 21.81 29.879605
2013 15 49.62 7.09 22.53 30.0553107
Operating Profit Margin
60
50
40
30 BAFL
MCB
20
NBP
10
KOB
0 HBL
2009 2010 2011 2012 2013
-10
-20
-30
73
Net Profot Margin
2009 3 30.02 23.16 -18 17.614869

2010 3 30.77 20 13 20.946049
2011 8 28.5 18.5 12 22.654622
2012 10 30.63 16.69 15 19.144671
2013 11 33.03 5.29 15.58 19.153688
Net Profot Margin
40
30
20
BAFL
10 MCB
NBP
0 KOB
2009 2010 2011 2012 2013
HBL
-10
-20
-30
74
Gross Spread Ratio
2009 0.31 0.69 0.49 0.29 0.56

2010 0.36 0.67 0.49 0.3 0.2
2011 0.42 0.65 0.49 0.34 0.57
2012 0.46 0.59 0.44 0.35 0.49
2013 0.38 0.58 0.39 0.41 0.45
Gross Spread Ratio
0.8
0.7
0.6
0.5 BAFL
MCB
0.4
NBP
0.3 BOK
HBL
0.2
0.1
0
2009 2010 2011 2012 2013
75
Bank Alfalah Capital Adequacy Ratio
2009 2010 2011 2012 2013

12.46 10.53 11.6 12.6 12.05
Bank Alfalah Capital Adequacy Ratio
BAFL
13
12.5
12
11.5
11
BAFL
10.5
10
9.5
9
2009 2010 2011 2012 2013
76
NBP Capital Adequacy Ratio
2009 2010 2011 2012 2013

17.23% 17.23% 16.80% 16.98% 16.05%
NBP Capital Adequacy Ratio
NBP
17.40%
17.20%
17.00%
16.80%
16.60%
16.40%
NBP
16.20%
16.00%
15.80%
15.60%
15.40%
2009 2010 2011 2012 2013
77
BOK Capital Adequacy Ratio
2009 2010 2011 2012 2013
15.91% 19.15% 22.69% 25.07% 24.03%
BOK Capital Adequacy Ratio
BOK
30.00%
25.00%
20.00%
15.00%
BOK
10.00%
5.00%
0.00%
2009 2010 2011 2012 2013
78
MCB Bank Capital Adequacy Ratio
2009 2010 2011 2012 2013

19.07% 22.07% 21.79% 22.13% 22.25%
MCB
23.00%
22.00%
21.00%
20.00%
MCB
19.00%
18.00%
17.00%
2009 2010 2011 2012 2013
79
HBL Capital Adequacy Ratio
2009 2010 2011 2012 2013

13.25% 14.61% 15.62% 15.31% 15.39%
HBL Capital Adequacy Ratio
HBL
16.00%
15.50%
15.00%
14.50%
14.00%
HBL
13.50%
13.00%
12.50%
12.00%
2009 2010 2011 2012 2013
80
Liquidity Ratios
Current Ratio:
The current ratio for selected banks for the 5 Years almost show the same trend, which is above the 1.
Advances to Deposits Ratio:
This ratio shows the how much portion of deposits dispersed as the advances or give amount to borrowers,
from 2009 to 2010 this ratio shows the increasing trend, but after the 2010 this ratio is keep declining in the
all of the Banks Till 2013. Which shows the good trend for the bank as the if the this ratio is keep increasing
then there will question arising about the company debt paying ability, that if company give out all amount
as advance of most portion of deposits then how company pay his creditors.
Advances to Assets Ratio:
Advances to assets ratio shows the how much % amount of assets give as loans or advances to the borrower.
This ratio shows decreasing trend from the 2011 to 2013, which shows the good trend for the company as
company reduces the amount of lending as % of Assets.
Debt Ratios
Debt Ratio:
Debt-to-assets ratio or simply debt ratio is the ratio of total liabilities of a business to its total assets. It is
a solvency ratio and it measures the portion of the assets of a business which are financed through debt.
For Bank Alfalah and MCB Bank this ratio remain stable for the 5 Years but for the HBL,NBP and for
BOK this ratio is going Increasing for the Last 3 Years.
81
Debt to Equity Ratio:

Debt-to-Equity ratio is the ratio of total liabilities of a business to its shareholders' equity. It is a
leverage ratio and it measures the degree to which the assets of the business are financed by the debts and
the shareholders' equity of a business. Lower values of debt-to-equity ratio are favorable Indicating less
risk. But the ratio keep increasing for the 5 Years for the 5 Companies.
Times Interest Earned Ratio:
Times interest earned also called interest coverage ratio is the Ratio of earnings before interest and tax
(EBIT) of a business to its interest expense during a given period. It is a solvency ratio measuring the
ability of a business to pay off its debts.This ratio shows the positive trend for the Bank Alfalah for the 5
Years, Except the other Banks which show the Decreasing Trend.
Profitability Ratio
Return on Asset Ratio:
This ratio is useful to determine the amount of revenue that is generated from each
Rupee of assets. The Banks with low profit margins tend to have high asset turnover,those with high
profit margins have low asset turnover. the current ratio for selected banks for the 5 Years almost show
the same trend
82
Net Profit Margin:
Net profit margin measures the percentage of revenue remaining after all cost and
expenses,including interest and taxes have been deducted.the trends are same over 4 years but in 2013
the NBP profit decrease due to SBP also changed the mechanism of calculating the profit on all
remunerative accounts from minimum balance of month to average balance of the month. In 2009, the
KOB profitability decrease due to non performance of loan and operation.
Capital Ratio
Capital Adequacy Ratio:

As Circular of State Bank Of Pakistan of on Basel III Implementation its satated that the Bank Must
Maintain a Minimum CAR of 10%.
But our in above Analysis all the selected Banks Within the Industry All the Banks have maintain above
the 10%. Which shows that the Creditors are Secured. But except the BOK have above 20% CAR this
means that the BOK better Protected against the Risk.
83
Future Prospect of Bank Alfalah
The performance of Bank Alfalah is Over 5 Year Period is good, but the only reason is that the Amount
of debts is much financed by the their assets or Equity which arises the risk of solvency.
Otherwise Bank is performing Well its profitability increases in last two or three years. The other main
reason of Bank increase profit is that the bank availing the FSV benefit. Which reduces the expenses like
the provision for the loans and the provisions for the Bad Debts Will be Reduced by Evaluation.
The banks EPS is increasing is over the Year, which is also good trend for the Bank Alfalah.
Based on our Analysis of Financial Statements its easy to foresee that Bank Alfalah Will grew more as
shown by the future trends that the company main ratios shows efficient trend. Like the Current ratio is
Over 1 Allover the 5 Years. Profitability is going increasing from all over the 5 years.
The main problem allover the 5 Years is that the Inflationary trend which cause the Spread of Banks to
reduced, as the Lending Rate Reduced by Which Profitability of the Banks May Expected to Reduced in
the Future.
But overall Analysis of 5 Years of Bank Alfalah it is Concluded that the Bank Will Have the Bright
Prospect as Its EPS is Still Increasing, one may invest in Bank Alfalah as the most of the Risk
84
Management Techniques are Applied and Implemented by the Bank, Which Reduced the Risk of the
Default In Unforeseen Conditions.
Future Prospects of the Bank of Khyber

The performance of Bank of Khyber over 6 Years Period is good, but the only problem is in year 2009
because of the nonperformance loan. Bank of Khyber is performing well its profitability increases in last
three years. The reason is that bank of Khyber start Islamic banking service .They offers products of
Islamic banking like murabaha,mudaraba etc.
The Bank of Khyber EPS is increasing is over the Year, which is also good trend. Based on our Analysis
of Financial Statements its easy to foresee that Bank of Khyber will grow in future. From analysis of
Five years there is an increasing trend in their profitability. The main problem in year 2009 that is
because of operation in kpk and nonperformance loans.
But overall Analysis of 5 Years of Bank of Khyber it is Concluded that the Bank Will have the Bright
Prospect as Its EPS is Still Increasing so people is interesting to purchased its share.
Future Prospect of NBP Bank
NBP maintains its position as Pakistan's Premier Bank with a network of over 1310 branches locally, 23
overseas branches, 9 National and International Subsidiaries and 10 Regional/Representative Offices all
over the world
NBP also have a Joint Venture with UBL at U.K., with the name of Pakistan International Bank (UK)
Ltd., with seven branches at Main Branch, London, Manchester Branch, Glasgow Branch, Bradford
Branch, Sheffield Branch, Birmingham Branch and Knightsbridge Branch (London).
Bank has also expanded its range of products and services to include Shariah Compliant Islamic Banking
products. For the next year, NBP plans to continue with its strong focus on recovery and reduction in
85
non-performing loans, deposit mobilization, expense management, consolidation of loans and tapping
into untapped markets.
NBP offers unlimited opportunities to its employees for continuous personal and professional growth:
Change Management Program, Training of new staff, Benefits.
The bank performance in last five remains good. The profitability decrease mainly due to lower net
interest margins and higher provision charge. Net interest margins decrease is attributed to the impact of
reduction of State Bank of Pakistan (SBP) discount rate in the first half of 2013 which impacted the yield
on assets. The trends are indication that the bank has a potential and the management is working
efficiently so the future of NBP bank is looking bright.
Future Prospect of MCB
The future of Mcb is looking very bright based on my analysis. The bank is opening new branches in
remote areas of the country
The banks performance in last five years remained very good . The profit before tax in last five years
showed an increasing trend Year by year. Same is the case with profit after tax. As a result the profit after
taxation has increased since last five years. These increasing trends are indication that the bank has a
potential and the management is working efficiently so the future of Mcb bank is looking bright.
Mcb bank has not only increased there interst income from last five years but there is an also increasing
trend in the non mark up income of the bank.
The bank has paid 140% dividend in the year 2013 despite of the fact that the investments of the bank has
also increased over last five years. The dividend paid in 2012 was 130%. All of these facts also tell about
the liquidity of the bank which is good
The Mcb bank has generated 1 million additional customers since last five years. Keeping in view these
factors the future of MCB is bright
86
There is as not so much difference between the companies, but one thing is to be noted that the MCB
Bank is most Prominent Bank within the Industry. The MCB Current Ratio is Good With the Debt
Ratios, and the Profitability ratios. But other thing is noted that the NBP performance declined in Later
Years as its debt ratio increased and times interest earned ratio decreases as well as the ROA, ROE, Gross
Spread Ratio, Net Profit Margin, Operating Profit Margin Decreased from Year 2011 to 2013.
Comparison of The Selected companies
All the banks selected from The industry have more than 1 current ratio which shows There stong
capability of meeting short term obligations.
The advances to deposits ratio of Bank of kyber is minimum of the selected banks. After MCB and Bank
Alfalah ratios are less.Hbl has high advances to deposits ratio in 2009 and 2010 but it decreases from
2011 to 2013. NBP has high advances to deposit ratio in five years in which maximum is 65.42 in 2009.
The advances to assets ratio of bank Alfalah is high. MCB advances to Assets ratio is decreasing every
year
Recommendations:
The Bank Alfalah, HBl is going well except Bok face some losses but recover in end of the Years,
NBP Reduced the Profitability, NBP must least use the advances to further give Money to the
Borrowers, and Reduced expenses to boost up their Profits. While MCB is most Efficient Bank
Among all of Them. Recommendations
The banks must reduced the their debt with compare to assets and equities to ensure their
solvency
The banks must used risk management techniques to cope the Credit defaults
The banks must adopt the various methods to cope with the inflationary trends in order to
maintain their spread margin
87
Conclusion
The main problem faced by the banks in our analysis is that the inflationary trends which is must
caused in 2009 to 2011, and then 2011 to 2013 all the ratios of banks improve by increasing their
product line and use of Islamic banking, and in this period the ROA ROE and other profitability
ratios are also improved for the selected banks, because they reduced their operation cost like the
administrative costs etc.
In this period banks also reduced the their interest expense that also enable them to increase their
profit. Liquidity ratios like current ratio is also show positive trend and vary from the type of
operations they are performing, overall our analysis show that the selected banks performance
increased from period of 2011 to 2013.
88
References
Economic Survey of Pakistan

Bank Alfalah Financial Statements
MCB Bank Financial Statements
HBL Financial Statements
NBP Financial Statements
BOK Financial Statements
PK Finance
SBP Website
Companies Ordianance
Banking Company Ordinance

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1

Purpose of Financial Statements

financial statements of a business to make economic decisions. Management, however, would

A: REASONS FOR CHOOSING THAT INDUSTRY

Objective of financial statements

Financial Reporting environment and framework of Banking Sector.

Companies Act 1965

Securities Industry Act 1983

Securities Commissions Act 1992

Anti Money Laundering Act 2001

Banking and Financial Institution Act 1989

Financial Reporting Act 1997

Applicable Laws and Regulations

International Financial Reporting Framework (IFRS) as applicable in Pakistan Companies

Securities and Exchange Commission of Pakistan and State Bank of Pakistan

Structure and components of Financials.

1. Name of the entity (National Bank of Pakistan)

Consolidated statement of Financial Position

As at December 31, 20XX

Surplus on revaluation of assets net

Consolidated Profit and Loss Statement

For the year ended December 31, 20XX

Net mark-up / interest income after provisions

Gain on sale and redemption of securities - net

Total non-markup / interest income

NON MARK-UP / INTEREST EXPENSES

Total non-markup / interest expenses

Extra ordinary / unusual items

PROFIT AFTER TAXATION

Basic earnings per share for profit for the year

STATEMENT OF COMPREHENSIVE INCOME

(Loss) / profit after taxation for the year

Total comprehensive income for the year

CASH FLOW STATEMENT

FOR THE YEAR ENDED DECEMBER 31, 20X

Note 20XX 20XX

Adjustments for non-cash changes

(Increase) / decrease in operating assets :

Increase / (decrease) in operating liabilities :

Income tax refunded / (paid)

Net cash flows from operating activities

Comparison With in Industry

The components same for the all of the 5 Companies.

Threat of New Entrants:

Detail introduction of each of the 5 chosen companies

MCB BANK LIMITED

The performance of MCB was badly affected by bureaucrat government.

Bank Alfalah Limited

The Lineup Includes:

Habib bank Limited

Services / Products Offered by the bank

Khyber Bank of Pakistan

Additional Chief Secretary Finance

Secretary Industries Secretary Food/Agri.

PREMIUM AAMDANI SCHEME:- Monthly Income Scheme

Analysis of Financial Statement

Year 2010 2011 2012 2013 2014

Auditor A.F. A.F. A.F. FERGUSON & KPMG KPMG

Bank of Khyber Auditors report table for 5Years

Year 2010 2011 2012 2013 2014

Auditor M. Yousaf M. Yousaf M. Yousaf M. Yousaf Adil ANJUM ASIM

Opinion of auditor unqualified unqualified unqualified Unqualified Unqualified

Conformity with the Yes Yes Yes Yes Yes