COMMERCIAL BANKS AT A GLANCE

Jan 23 - 29, 2006

 

MCB BANK LIMITED

Chairman: Mian Mohammad Mansha
Category: Private Commercial Bank
No. of branches: 942
Achievements:
Euromoney Award for Best Bank in Pakistan in 2005, 2004, 2003, 2001
Euromoney Award for Best Domestic Bank in Pakistan in 2000
MCB THIRD QUARTERLY REPORT ENDED
SEPTEMBER 30, 2005 (UN-AUDITED) in (Rupees '000)
Balance sheet
Assets: 279,613,763
Liabilities: 259,508,637
Net Assets: 20,105,126
Profit and Loss Account
Net mark-up/ interest income after provisions: 4,012,715
Total non mark-up / interest income 1,211,114
PROFIT BEFORE TAXATION: 3,506,526
PROFIT AFTER TAXATION: 2,343,260
Profit available for appropriation: 3,820,693
CASH FLOW STATEMENT
Net cash inflow from / (used in) operating activities: 18,376,923
Net cash inflow from / (used in) investing activities: 20,898,543
Net cash outflow from / (used in) financing activities: 486,802
Increase/(decrease) in cash and cash equivalents: 27,512,952
Balance as at September 30, 2005: 4,265,327
NET INVESTMENT
Held by bank: 78,555,492
Given as Collateral: 8,970,908
Total: 87,526,400
CREDIT RATING AS OF 19-12-2005:
PACRA has assigned long-term credit rating of AA (double A) and short-term credit rating of A1+ (Aone plus) to the Bank.

 


 

ALLIED BANK LIMITED

Chairman: Mr. Mohammad Naeem Mukhtar
Category: Private Commercial Bank
No. of branches: 735
Achievements: After privatization, Allied Bank registered an unprecedented growth to become one of the premier financial institutions of Pakistan.
THIRD QUARTERLY REPORT ENDED
SEPTEMBER 30, 2005 (UN-AUDITED) in (Rupees '000)
Balance sheet
Assets: 174,082,596
Liabilities: 161,823,734
Net Assets: 12,258,862
Profit and Loss Account
Net mark-up/ interest income after provisions: 2,152,173
Total non mark-up / interest income: 2,709,982
PROFIT BEFORE TAXATION: 1,593,295
PROFIT AFTER TAXATION: 1,002,318
CASH FLOW STATEMENT
Net cash flow from operating activities: 10,479,134
Net cash flow from investing activities: 11,902,512
Net cash flow from financing activities: 1,020
Balance as at September 30, 2005: 11,487,432
NET INVESTMENT
Held by bank: 41,928,257
Given as Collateral: 2,616,484
Total: 44,544,741
CREDIT RATING AS OF 19-12-2005:
PACRA has assigned long-term credit rating of 'A+' and short-term credit rating of A-1+ (A One Plus) to the Bank.

 


 

HABIB BANK OF PAKISTAN

President: R. Zakir Mahmood
No. of branches: More than 1,425
Category: Nationalized Commercial Bank
THIRD QUARTERLY REPORT ENDED
SEPTEMBER 30, 2005 (UN-AUDITED) in (Rupees '000)
Balance sheet
Assets: 504,863,891
Liabilities: 468,377,412
Net Assets: 36,486,479
Profit and Loss Account
Net mark-up/ interest income after provisions: 15,449,323
Total non mark-up / interest income: 5,406,539
PROFIT BEFORE TAXATION: 8,609,899
PROFIT AFTER TAXATION: 5,953,946
Unappropriated profit / (accumulated loss): 6,387,314
CASH FLOW STATEMENT
Net cash flows from operating activities: 896,113
Net cash flow from investing activities: 1,498,536
Balance as at September 30, 2005: 28,703,211
NET INVESTMENT
Held by bank: 123,853,993
Given as Collateral: 5,926,363
Total: 129,780,356
BORROWINGS FROM FINANCIAL INSTITUTIONS: 24,356,423
FINANCIAL PERFORMANCE (Rs '000)
The financial results of Group are summarized as below:
Profit after tax 2,593,471
Share of (profit) attributable to minority interest: 5,141
Profit attributable to shareholders: 2,588,330
Appropriation relating to Statutory Reserves: 384,915
Earning per share (Basic and diluted): 3.75
CREDIT RATING AS OF 19-12-2005:
PACRA has assigned long-term credit rating of AA (double A) and short-term credit rating of A1+ (Aone plus) to the Bank.

 


 

UNITED BANK LIMITED

Chairman: His Highness Shaikh Nahayan Mabarak Al Nahayan
President & CEO: Mr. Atif R. Bokhari
No. of branches: 1056 Domestic, 15 Overseas Branches
Category: Nationalized Commercial Bank
THIRD QUARTERLY REPORT ENDED
SEPTEMBER 30, 2005 (UN-AUDITED) in (Rupees '000)
Balance sheet
Assets: 323,626,012
Liabilities: 303,598,279
Net Assets: 20,027,733
Profit and Loss Account
Net mark-up/ interest income after provisions: 3,392,730
Total non mark-up / interest income: 1,486,308
PROFIT BEFORE TAXATION: 2,852,346
PROFIT AFTER TAXATION: 1,713,159
CASH FLOW STATEMENT
Net cash flows from operating activities: 10,670,669
Net cash flow from investing activities: 7,968,717
Net cash flow from financing activities: 278,096
Increase / (decrease) in cash and cash equivalents: 3,222,565
Balance as at September 30, 2005: 17,219,404
NET INVESTMENT
Held by bank: 60,810,372
Given as Collateral: 1,249,545
Total: 62,059,917
BORROWINGS FROM FINANCIAL INSTITUTIONS: 8,709,204
CREDIT RATING AS OF 19-12-2005:
PACRA has assigned long-term credit rating of 'AA' and short-term credit rating of A-1+ to the Bank.

 


 

ASKARI COMMERCIAL BANK LTD

Chairman: Lt .Gen. Waseem Ahmed Ashraf
President& Chief Executive: Kalim-ur-Rehman
No. of branches: 98 Branches
Category: Private Scheduled Bank
Achievements:
Consumer Choice award 2005 by The Consumers Association of Pakistan
Best Retail Bank in Pakistan award 2004 & 2005 by The Asian Banker
Best Domestic Bank in Pakistan award for 1995 by Euromoney
THIRD QUARTERLY REPORT ENDED
SEPTEMBER 30, 2005 (UN-AUDITED) in (Rupees '000)
Balance sheet
Assets: 127,181,912
Liabilities: 119,442,080
Net Assets: 7,739,832
Profit and Loss Account
Net mark-up/ interest income after provisions: 1,191,304
Total non mark-up / interest income: 404,844
PROFIT BEFORE TAXATION: 906,934
PROFIT AFTER TAXATION: 570,480
CASH FLOW STATEMENT
Net cash inflow/(out flow) from operating activities: 7,505,266
Net cash (used in)/from investing activities: 6,872,327
Net cash (used in)/from financing activities: 1,363,409
Balance as at September 30, 2005: 7,007.620
NET INVESTMENT
Held by bank: 17,402,249
Given as Collateral: 6,367,135
Total: 23,769,384
CREDIT RATING AS OF 19-12-2005:
PACRA has assigned long-term credit rating of AA+ and short-term credit rating of A-1+ (A One Plus) to the Bank.

 


 

BANK AL HABIB LIMITED

Chairman: Ali Raza D. Habib
No. of branches: 100
Category: Private Scheduled Bank
THIRD QUARTERLY REPORT ENDED
SEPTEMBER 30, 2005 (UN-AUDITED) in (Rupees '000)
Balance sheet
Assets: 85,406,289
Liabilities: 80,773,458
Net Assets: 4,632,831
Profit and Loss Account
Net mark-up/ interest income after provisions: 2,002,047
Total non mark-up / interest income: 711,514
PROFIT BEFORE TAXATION: 1,494,966
PROFIT AFTER TAXATION: 918,069
CASH FLOW STATEMENT
Net cash flows from operating activities: 3,133,067
Net cash flow from investing activities: 5,826,446
Net cash flow from financing activities: 45,789
Balance as at September 30, 2005: 4,197,957
NET INVESTMENT
Held by bank: 19,128,338
Given as Collateral: 296,422
Total: 19,424,760
Term Finance Certificates (TFCs): 1,349,460
ISLAMIC BANKING BUSINESS
Islamic Banking funds: 50,000
Deposits and other accounts: 68,449
Due to Head Office: 66,206
Murabaha Financing: 174,908
CREDIT RATING AS OF 19-12-2005:
PACRA has assigned long-term credit rating of 'AA' (Double A) and short-term credit rating of A-1+ (A One plus) to the Bank.

 


 

MY BANK LIMITED (BOLAN BANK LTD, FORMERLY)

President & CEO: Muhammad Azimuddin
Chairman: Iqbal Alimohamed
No. of branches: 50
Category: Private Scheduled Bank
THIRD QUARTERLY REPORT ENDED
SEPTEMBER 30, 2005 (UN-AUDITED) in (Rupees '000)
Balance sheet
Assets: 14,104,209
Liabilities: 12,187,303
Net Assets: 1,916,906
Profit and Loss Account
Net mark-up/ interest income after provisions: 168,773
Total non mark-up / interest income: 62,133
PROFIT BEFORE TAXATION: 91,381
PROFIT AFTER TAXATION: 70,925
Accumulated profit: 264,803
CASH FLOW STATEMENT
Net cash flows from operating activities: 715,824
Net cash flow from investing activities: 565,268
NET INVESTMENT
Held by bank: 2,518,081
Given as Collateral: -
Total: 2,518,081
CREDIT RATING AS OF 19-12-2005:
PACRA has assigned long-term credit rating of BBB and short-term credit rating of A-2 to the Bank.

Compiled by NOMAN AHMED



ACTIVITIES IN BANKING SECTOR

HBL DECLARES PROFIT RATES

Habib Bank Limited has declared the following Profit Rates on Various categories of PLS Deposits during the 2nd half of the year ended 31st December, 2005 based on the periodical results of the Bank.

   

PROFIT RATES % PER ANNUM

1

PLS SAVINGS BANK ACCOUNT (SB)

.

(a) For balances from Rs 1/= to Rs. 20,000/=

0.10

.

(b) For balances of Rs. 20,000/= & above

1.00

.

DAILY MUNAFA PLUS DEPOSIT ACCOUNTS (DPMDA) DEPOSIT

.

2

SLAB

.

On Daily Actual Deposits of Over Rs 50,000/ -- upto 1 Million

1.00

.

On Daily Actual Deposit of Over Rs 1 (M) -- upto 10 Million

1.50

.

On Daily Actual Deposit of Over Rs 10 (M) -- upto 50 Million

2.00

.

On Daily Actual Deposit of Over Rs 50 (M) -- upto 100 Million

2.50

.

On Daily Actual Deposit of Over Rs 100 (M) -- upto 250 Million

3.00

.

On Daily Actual Deposit of Over Rs 250 (M) -- upto 500 Million

3.50

.

On Daily Actual Deposit of Over Rs 500 (M) -- upto 1 Billion

4.50

.

On Daily Actual Deposit of Over Rs 1 (B) -- upto 5 Billion

5.00

.

On Daily Actual Deposit of Rs 5 Billion and above

5.50

3

INVESTMENT PLUS DEPOSIT CERTIFICATE (IPDC)

RANGE

.

For One Month

7.05 to 10.25

.

For Three Months

7.50 to 10.50

 

For Six Months

7.50 to 10.25

.

For One Year

7.75 to 9.50

4

MUNAFA PLUS DEPOSIT CERTIFICATE (MPDC)

RANGE

.

For One Year

5.00 to 6.75

.

For Two Years

5.50 to 7.00

.

For Three Years

6.00 to 8.75

.

For Four Years

6.50 to 9.25

.

For Five Years

6.85 to 9.75

.

For Six Years

6.95 to 10.00

.

For Seven Years

7.05 to 10.25

.

For Eight Years

7.15 to 10.50

.

For Nine Years

7.25 to 10.75

.

For Ten Years

7.35 to 11.00

5

PLS SPECIAL SAVING BANK DEPOSIT (SSB)

1.00 to 5.00

6

PLS-SNTDs

.

07 to 29 days notice

0.75

.

30 days & over notice

1.00

7

PLS-Converted Rupee Saving Deposits (CRSD)

1.50

8

PLS Bulk Converted Rupee Saving Deposits (BCRSD)

1.50

9

PLS Golden Savinq Deposits (GSD)

 
.

(a) For balances from Rs 1/= to Rs 20 000/=

0.10

.

(b) For balances from Rs 20 000/= and above

1.00

10

OTHER TERM DEPOSITS

RANGE

10.1

PLS Term Deposit Receipts

1 00 to 5 00

10.2

PLS Khas Term Deposit Receipts

1 85 to 5 30

10.3

PLS-Monthly Income Scheme (3 years) (MIS)

3 00

10.4

PLS Golden Term Depsoits (GTD)

1 20

10.5

Crore Pati Deposit Certificate (CPDC) (Discontinued)

1.00

10.6

Financial Institutions TDR 3 Months (F.l.TDR)

RANGE
0 75 to 2 25

UBL FURTHER STRENGTHENS ATM NETWORK WITH NCR

United Bank Limited (UBL) of Pakistan and NCR Corporation recently signed an agreement for 70 Personas 77 in-lobby ATM machines fully equipped with the i-suite range of software products.

The ceremony was marked by the presence of UBL's President, Mr. Atif R.Bokhari, Group Head Commercial Banking, Mr. M. Asghar, and his core team. From NCR, Mr. Syed Bader-ul-Islam, Managing Director Pakistan, Bangladesh and Afghanistan, and his team graced the occasion. The President of UBL acknowledged the bank's experience with NCR to be very satisfactory. He said, "United Bank Limited prides itself on its long standing relationship with its customers and suppliers and the reputation of bringing innovative solutions to the market on a consistent basis. With one of the largest network of branches in Pakistan, the bank aims to complement its competitive advantage through the deployment of ATMs throughout its vast network of branches. The recent acquisition of Persona 77's ATMs from NCR is therefore an integral part of the bank's strategy to provide its valuable customers a convenient and reliable alternative to traditional banking".

UBL is currently the number two bank in the 1-Link network with an ATM base of 113 ATMs and is growing aggressively. By the end of 2006, UBL will have more than 200 ATMs installed for facilitating customer service and convenience.

Speaking on the vision for UBL ATM / Debit Cards, Business Head Liabilities, Mr. Najeeb Agrawalla said, "UBL is in the forefront of technology by deploying state-of-the-art solutions, both in traditional and alternate banking channels. We are also in the process of launching our VISA Wallet ATM/Debit Card, which will enable us to target an even larger consumer base and allow enhanced customer convenience and acceptability. Not only that, with an array of reward programs planned for the customer to stimulate usage, it is bound to be a winning proposition on all fronts".

"We are extremely pleased that a multi-vendor bank like UBL has opted to give the lion's share of their business to NCR in this particular order," said Syed Bader ul Islam, NCR Managing Director Pakistan, Bangladesh and Afghanistan. "We have made considerable investment to our already impressive range of hardware by creating a series of value added software to further enhance the offerings to customers through NCR ATMs. UBL has always been customer service oriented and with the i-Assist software, their customers can have animated assistance while using the ATM machines. This software development is vital to aid and assist customers who are not comfortable using ATM machines. In addition to this, UBL has also guaranteed their safety and reduced the possibility of fraud by opting for the i-Cam software. i-Cam is an ATM Transaction Monitoring Solution, which enables financial institutions to capture, store images of ATM customers while they transact. This assists in ATM and consumer dispute resolution, security fraud as well as fraud protection and reduced ATM fraud liability."

"UBL has always been early adapters of technology and innovative ideas with strong focus towards customer services. At NCR we take pride in not only providing best of class ATM solutions from NCR Financial Solutions Division but extends this offering by providing top class customer support services from our Customer Services Division (WCS). The common synergy here being Customer Services," said Haider Wahab, Country Manager, NCR Financial Solutions Division. "We at NCR are proud of the fact that UBL while ordering ATMs for their ATM Network Expansion project decided to give large part of the order to NCR. This order from UBL is a testament of NCR commitment to Pakistan Financial Industry in terms of best solution and the best after sales support to its customers spread across Pakistan.

ALLIED BANK LAUNCHES INTERNET BANKING

Allied bank launched its internet banking product Allied direct at a local hotel. Mr. Awais Ahmad Khan Leghari, Federal Minister for Information Technology was the chief guest. Mr. Naeem Mukhtar, Chairman, Board of Directors, Allied Bank and a number of customers of the bank and elite of the city attended the ceremony.

Allied Direct aims to offer the ultimate banking convenience to the customers via the internet. Customers can access their bank account to transfer funds, check their balances, get their account statements, place request for cheque books and get transaction alerts. Allied Bank is the first bank in Pakistan to offer this service on a large scale to all its customers at more than 740 branches in over 350 cities, towns and villages across Pakistan.

"Internet banking is going to add a new dimension to how our customers can access their accounts and do banking transactions. It is a step forward towards making Allied Bank a technology-driven world class financial institution," said Khalid Sherwani, President, Allied Bank. He added: "the availability of this new delivery channel will help pave way for greater customer satisfaction-a goal we strive for every day".