Financial Statements Unconsolidated 2012

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x95 428,010\tab \up0 \expndtw-8\charscalex95 Lendings to financial institutions\
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194,325\tab \up0 \expndtw-8\charscalex95 143,022\tab \up0 \expndtw-8\charscalex9
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5\tab \up0 \expndtw-8\charscalex95 1,141,164,975\tab \up0 \expndtw-8\charscalex9
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50,000\tab \up0 \expndtw-8\charscalex95 Sub-ordinated loans\tab \up0 \expndtw-8\
charscalex95 16\tab \up0 \expndtw-8\charscalex95 4,857,485\tab \up0 \expndtw-8\c
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w-8\charscalex95 Shareholders' equity\par\pard\li1891\sb23\sl-218\slmult0\fi144\
tx3254\tx4017\tx8280\tx8976\tx10276 \up0 \expndtw-8\charscalex95 \ul0\nosupersub
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harscalex95 Surplus on revaluation of assets - net of deferred tax\tab \up0 \exp
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dtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 President and Chief Executive Off
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Director\tab \up0 \expndtw-8\charscalex95 Director
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3\tab \up0 \expndtw-8\charscalex96 58,324,168\tab \up0 \expndtw-8\charscalex96 4
1,563,287\par\pard\li1742\sb23\sl-218\slmult0\fi91\tx2663\tx3758\tx9124\tx10233
\up0 \expndtw-8\charscalex96 577,208\tab \up0 \expndtw-8\charscalex96 564,944\ta
b \up0 \expndtw-8\charscalex96 Net mark-up / profit / interest income\tab \up0 \
expndtw-8\charscalex96 56,075,622\tab \up0 \expndtw-8\charscalex96 54,884,083\pa
8\tx3758\tx8260\tx9244\tx10368 \up0 \expndtw-8\charscalex96 57,834\tab \up0 \exp
ndtw-8\charscalex96 66,270\tab \up0 \expndtw-8\charscalex96 Provision against no
n-performing loans and advances\tab \up0 \expndtw-8\charscalex96 9.4 / 9.6\tab \
\par\pard\li1742\sb9\sl-218\slmult0\fi532\tx2908\tx3758\tx8443\tx9580\tx10483 \u
p0 \expndtw-8\charscalex96 72\tab \up0 \expndtw-8\charscalex96 (705)\tab \up0 \e
xpndtw-8\charscalex96 Charge / (reversal) against off-balance sheet obligations
\tab \up0 \expndtw-8\charscalex96 17.1\tab \up0 \expndtw-8\charscalex96 7,015\ta
b \up0 \expndtw-8\charscalex96 (68,525)\par\pard\li1819\sb3\sl-218\slmult0\fi193
9 \up0 \expndtw-8\charscalex100 (Reversal) / charge against diminution in the va
lue\par\pard\li1819\sb9\sl-218\slmult0\fi57\tx2880\tx3887\tx8467\tx9244\tx10502
\up0 \expndtw-8\charscalex100 (4,094)\tab \up0 \expndtw-8\charscalex100 9,023\ta
b \up0 \expndtw-8\charscalex100 of investments\tab \up0 \expndtw-8\charscalex100
8.7\tab \up0 \expndtw-8\charscalex100 (397,705)\tab \up0 \expndtw-8\charscalex1
00 876,626\par\pard\li1819\sb9\sl-218\slmult0\fi211\tx2923\tx3758\tx9456\tx10598
\up0 \expndtw-8\charscalex100 -\tab \up0 \expndtw-8\charscalex100 -\tab \up0 \e
xpndtw-8\charscalex100 Bad debts written off directly\tab \up0 \expndtw-8\charsc
alex100 -\tab \up0 \expndtw-8\charscalex100 -\par\pard\li1819\sb23\sl-218\slmult
0\fi120\tx2783\tx9220\tx10396 \up0 \expndtw-8\charscalex100 53,812\tab \up0 \exp
ndtw-8\charscalex100 74,588\tab \up0 \expndtw-8\charscalex100 5,227,824\tab \up0
\expndtw-8\charscalex100 7,246,221\par\pard\li1819\sb23\sl-218\slmult0\fi0\tx26
68\tx3931\tx9115\tx10267 \up0 \expndtw-8\charscalex100 523,396\tab \up0 \expndtw
-8\charscalex100 490,356\tab \up0 \expndtw-8\charscalex100 Net mark-up / profit
/ interest income after provisions\tab \up0 \expndtw-8\charscalex100 50,847,798\
tab \up0 \expndtw-8\charscalex100 47,637,862\par\pard\li1809\sb0\sl-218\slmult0\
par\pard\li1809\sb11\sl-218\slmult0\fi1617 \up0 \expndtw-8\charscalex95 \ul0\nos
upersub\cf1\f2\fs19 Non mark-up / interest income\par\pard\li1809\sb23\sl-218\sl
mult0\fi105\tx2793\tx3758\tx9216\tx10363 \up0 \expndtw-8\charscalex95 \ul0\nosup
ersub\cf2\f3\fs19 60,274\tab \up0 \expndtw-8\charscalex95 52,347\tab \up0 \expnd
tw-8\charscalex95 Fee, commission and brokerage income\tab \up0 \expndtw-8\chars
calex95 5,855,599\tab \up0 \expndtw-8\charscalex95 5,085,472\par\pard\li1809\sb9
\sl-218\slmult0\fi206\tx2889\tx3758\tx9384\tx10502 \up0 \expndtw-8\charscalex95
5,305\tab \up0 \expndtw-8\charscalex95 3,875\tab \up0 \expndtw-8\charscalex95 Di
vidend income\tab \up0 \expndtw-8\charscalex95 515,378\tab \up0 \expndtw-8\chars
calex95 376,450\par\pard\li1809\sb3\sl-218\slmult0\fi129\tx2812\tx3758\tx9240\tx
10358 \up0 \expndtw-8\charscalex95 23,241\tab \up0 \expndtw-8\charscalex95 35,71
6\tab \up0 \expndtw-8\charscalex95 Income from dealing in foreign currencies\tab
\up0 \expndtw-8\charscalex95 2,257,827\tab \up0 \expndtw-8\charscalex95 3,469,8
27\par\pard\li1809\sb9\sl-218\slmult0\fi191\tx2875\tx3758\tx8481\tx9388\tx10507
\up0 \expndtw-8\charscalex95 9,894\tab \up0 \expndtw-8\charscalex95 4,382\tab \u
p0 \expndtw-8\charscalex95 Gain on sale of securities\tab \up0 \expndtw-8\charsc
alex95 24\tab \up0 \expndtw-8\charscalex95 961,241\tab \up0 \expndtw-8\charscale
x95 425,674\par\pard\li1809\sb9\sl-218\slmult0\fi345\tx3028\tx3758\tx8424\tx9446
\tx10622 \up0 \expndtw-8\charscalex95 294\tab \up0 \expndtw-8\charscalex95 (15)\
tab \up0 \expndtw-8\charscalex95 Unrealised gain / (loss) on held for trading se
curities\tab \up0 \expndtw-8\charscalex95 8.13\tab \up0 \expndtw-8\charscalex95
28,583\tab \up0 \expndtw-8\charscalex95 (1,451)\par\pard\li1809\sb3\sl-218\slmul
t0\fi110\tx2807\tx3758\tx8486\tx9259\tx10401 \up0 \expndtw-8\charscalex95 28,529
\tab \up0 \expndtw-8\charscalex95 28,123\tab \up0 \expndtw-8\charscalex95 Other
income\tab \up0 \expndtw-8\charscalex95 25\tab \up0 \expndtw-8\charscalex95 2,77
1,622\tab \up0 \expndtw-8\charscalex95 2,732,153\par\pard\li1809\sb23\sl-218\slm
ult0\fi52\tx2692\tx3931\tx9124\tx10295 \up0 \expndtw-8\charscalex95 127,537\tab
\up0 \expndtw-8\charscalex95 124,428\tab \up0 \expndtw-8\charscalex95 Total non
mark-up / interest income\tab \up0 \expndtw-8\charscalex95 12,390,250\tab \up0 \
expndtw-8\charscalex95 12,088,125\par\pard\li1809\sb19\sl-218\slmult0\fi0\tx2697
\tx9091\tx10281 \up0 \expndtw-8\charscalex95 650,933\tab \up0 \expndtw-8\charsca
lex95 614,784\tab \up0 \expndtw-8\charscalex95 63,238,048\tab \up0 \expndtw-8\ch
arscalex95 59,725,987\par\pard\li1790\sb0\sl-218\slmult0\par\pard\li1790\sb16\sl
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58\tx8486\tx9134\tx10276 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf2\f3\fs1
9 294,700\tab \up0 \expndtw-8\charscalex96 278,694\tab \up0 \expndtw-8\charscale
x96 Administrative expenses\tab \up0 \expndtw-8\charscalex96 26\tab \up0 \expndt
w-8\charscalex96 28,629,971\tab \up0 \expndtw-8\charscalex96 27,075,005\par\pard
\li1790\sb9\sl-218\slmult0\fi215\tx2807\tx3758\tx8438\tx9360\tx10449 \up0 \expnd
tw-8\charscalex96 2,860\tab \up0 \expndtw-8\charscalex96 (1,152)\tab \up0 \expnd
tw-8\charscalex96 Other provisions / write offs - net\tab \up0 \expndtw-8\charsc
alex96 12.1\tab \up0 \expndtw-8\charscalex96 277,848\tab \up0 \expndtw-8\charsca
lex96 (111,873)\par\pard\li1790\sb8\sl-218\slmult0\fi379\tx3033\tx3758\tx8491\tx
9470\tx10617 \up0 \expndtw-8\charscalex96 188\tab \up0 \expndtw-8\charscalex96 7
99\tab \up0 \expndtw-8\charscalex96 Other charges\tab \up0 \expndtw-8\charscalex
96 27\tab \up0 \expndtw-8\charscalex96 18,285\tab \up0 \expndtw-8\charscalex96 7
7,588\par\pard\li1790\sb4\sl-218\slmult0\fi225\tx2889\tx3758\tx8481\tx9350\tx105
02 \up0 \expndtw-8\charscalex96 7,060\tab \up0 \expndtw-8\charscalex96 6,729\tab
\up0 \expndtw-8\charscalex96 Workers welfare fund\tab \up0 \expndtw-8\charscale
x96 28\tab \up0 \expndtw-8\charscalex96 685,873\tab \up0 \expndtw-8\charscalex96
653,706\par\pard\li1790\sb23\sl-218\slmult0\fi0\tx2683\tx3931\tx9172\tx10257 \u
p0 \expndtw-8\charscalex96 304,808\tab \up0 \expndtw-8\charscalex96 285,070\tab
\up0 \expndtw-8\charscalex96 Total non mark-up / interest expenses\tab \up0 \exp
ndtw-8\charscalex96 29,611,977\tab \up0 \expndtw-8\charscalex96 27,694,426\par\p
ard\li1790\sb0\sl-218\slmult0\par\pard\li1790\sb31\sl-218\slmult0\fi43\tx2712\tx
3427\tx9129\tx10300 \up0 \expndtw-8\charscalex96 346,125\tab \up0 \expndtw-8\cha
rscalex93 329,714\tab \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 P
rofit before taxation\tab \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf2\f3\fs
19 33,626,071\tab \up0 \expndtw-8\charscalex96 32,031,561\par\pard\li1823\sb0\sl
-218\slmult0\par\pard\li1823\sb11\sl-218\slmult0\fi1603\tx8486 \up0 \expndtw-8\c
harscalex95 \ul0\nosupersub\cf1\f2\fs19 Taxation\tab \up0 \expndtw-8\charscalex9
5 \ul0\nosupersub\cf2\f3\fs19 29\par\pard\li1823\sb23\sl-218\slmult0\fi0\tx2707\
tx3561\tx9148\tx10295 \up0 \expndtw-8\charscalex95 124,460\tab \up0 \expndtw-8\c
harscalex95 104,190\tab \up0 \expndtw-8\charscalex95 - current\tab \up0 \expndtw
-8\charscalex95 12,091,228\tab \up0 \expndtw-8\charscalex95 10,122,028\par\pard\
li1823\sb9\sl-218\slmult0\fi177\tx2918\tx3561\tx9350\tx10555 \up0 \expndtw-8\cha
rscalex95 4,346\tab \up0 \expndtw-8\charscalex95 1,813\tab \up0 \expndtw-8\chars
calex95 - prior\tab \up0 \expndtw-8\charscalex95 422,246\tab \up0 \expndtw-8\cha
rscalex95 176,132\par\pard\li1823\sb4\sl-218\slmult0\fi52\tx2807\tx3561\tx9244\t
x10521 \up0 \expndtw-8\charscalex95 (4,648)\tab \up0 \expndtw-8\charscalex95 10,
207\tab \up0 \expndtw-8\charscalex95 - deferred\tab \up0 \expndtw-8\charscalex95
(451,568)\tab \up0 \expndtw-8\charscalex95 991,585\par\pard\li1823\sb23\sl-218\
slmult0\fi28\tx2740\tx9139\tx10310 \up0 \expndtw-8\charscalex95 124,158\tab \up0

\expndtw-8\charscalex95 116,210\tab \up0 \expndtw-8\charscalex95 12,061,906\tab
\up0 \expndtw-8\charscalex95 11,289,745\par\pard\li1823\sb23\sl-218\slmult0\fi2
4\tx2697\tx3427\tx9148\tx10300 \up0 \expndtw-8\charscalex95 221,967\tab \up0 \ex
pndtw-8\charscalex95 213,504\tab \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf
1\f2\fs19 Profit after taxation\tab \up0 \expndtw-8\charscalex95 \ul0\nosupersub
\cf2\f3\fs19 21,564,165\tab \up0 \expndtw-8\charscalex95 20,741,816\par\pard\li1
670\sb0\sl-218\slmult0\par\pard\li1670\sb54\sl-218\slmult0\fi7555 \up0 \expndtw8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 --------Rupees--------\par\pard\li167
0\sb0\sl-218\slmult0\par\pard\li1670\sb11\sl-218\slmult0\fi1756\tx8481\tx9590\tx
10775 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 Basic and diluted
earnings per share\tab \up0 \expndtw-8\charscalex95 30\tab \up0 \expndtw-8\char
scalex95 17.79\tab \up0 \expndtw-8\charscalex95 17.11\par\pard\li1670\sb0\sl-218
\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb67\sl-218\slmult0\
fi0 \up0 \expndtw-7\charscalex96 The annexed notes 1 to 49 and annexures I to V
form an integral part of these unconsolidated financial statements.\par\pard\li1
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\tab \up0 \expndtw-8\charscalex95 Director\tab \up0 \expndtw-8\charscalex95 Dire
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l-218\slmult0 \par\pard\ql\li1670\sb28\sl-218\slmult0 \up0 \expndtw-8\charscalex
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harscalex94 457,701\par\pard\li1905\sb0\sl-218\slmult0\par\pard\li1905\sb31\sl-2
18\slmult0\fi0\tx2990\tx3863\tx9024\tx10300 \up0 \expndtw-8\charscalex94 262,909
\tab \up0 \expndtw-8\charscalex94 218,215\tab \up0 \expndtw-8\charscalex94 \ul0\
nosupersub\cf1\f2\fs19 Comprehensive income transferred to equity\tab \up0 \expn
dtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 25,541,549\tab \up0 \expndtw-8\ch
arscalex94 21,199,517\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb54\sl
-218\slmult0\fi2193 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 Com
ponents of comprehensive income not recognized as\par\pard\li1670\sb4\sl-218\slm
ult0\fi2193 \up0 \expndtw-8\charscalex95 income and equity\par\pard\li1670\sb0\s
l-218\slmult0\par\pard\li1670\sb16\sl-218\slmult0\fi379\tx3110\tx3964\tx9134\tx1
0535 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 17,703\tab \up0 \e
xpndtw-8\charscalex95 -\tab \up0 \expndtw-8\charscalex95 Surplus on revaluation
of fixed assets\tab \up0 \expndtw-8\charscalex95 1,719,888\tab \up0 \expndtw-8\c
harscalex95 -\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb12\sl-218\slm
ult0\fi331\tx3110\tx3964\tx9144\tx10535 \up0 \expndtw-8\charscalex95 (1,986)\tab
\up0 \expndtw-8\charscalex95 -\tab \up0 \expndtw-8\charscalex95 Deferred tax on

revaluation of fixed assets\tab \up0 \expndtw-8\charscalex95 (192,959)\tab \up0
\expndtw-8\charscalex95 -\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb
16\sl-218\slmult0\fi331\tx3143\tx3964\tx9134\tx10468 \up0 \expndtw-8\charscalex9
5 43,336\tab \up0 \expndtw-8\charscalex95 8,709\tab \up0 \expndtw-8\charscalex95
Surplus on revaluation of investments\tab \up0 \expndtw-8\charscalex95 4,210,12
6\tab \up0 \expndtw-8\charscalex95 846,081\par\pard\li1670\sb0\sl-218\slmult0\pa
r\pard\li1670\sb12\sl-218\slmult0\fi259\tx3009\tx3964\tx8995\tx10358 \up0 \expnd
tw-8\charscalex95 (15,166)\tab \up0 \expndtw-8\charscalex95 (3,060)\tab \up0 \ex
pndtw-8\charscalex95 Deferred tax on revaluation of investments\tab \up0 \expndt
w-8\charscalex95 (1,473,308)\tab \up0 \expndtw-8\charscalex95 (297,323)\par\pard
\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb30\sl-218\slmult0\fi235\tx2937\tx89
223,864\tab \up0 \expndtw-8\charscalex95 29,805,296\tab \up0 \expndtw-8\charsca
lex95 21,748,275\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\s
lmult0\par\pard\li1670\sb62\sl-218\slmult0\fi0 \up0 \expndtw-7\charscalex96 The
annexed notes 1 to 49 and annexures I to V form an integral part of these uncons
olidated financial statements.\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li167
0\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-2
18\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0
\par\pard\li1670\sb45\sl-218\slmult0\fi0\tx6238\tx8604\tx10233 \up0 \expndtw-8\c
harscalex95 \ul0\nosupersub\cf1\f2\fs19 President and Chief Executive Officer\ta
b \up0 \expndtw-8\charscalex95 Director\tab \up0 \expndtw-8\charscalex95 Directo
r\tab \up0 \expndtw-8\charscalex95 Director
}
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}
l-218\slmult0 \up0 \expndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 HABIB BAN
K LIMITED \par\pard\qj \li1526\ri5722\sb21\sl-220\slmult0 \up0 \expndtw-8\charsc
alex94 UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY \up0 \expndtw-8\charscalex9
1 FOR THE YEAR ENDED DECEMBER 31, 2012 \par\pard\ql \li8073\sb0\sl-195\slmult0 \
par\pard\ql\li8073\sb0\sl-195\slmult0 \par\pard\ql\li8073\sb71\sl-195\slmult0 \u
p0 \expndtw-7\charscalex83 \ul0\nosupersub\cf3\f4\fs17 RESERVES\par\pard\sect\se
ctd\sbknone\cols2\colno1\colw6398\colsr110\colno2\colw5592\colsr160\ql \li5855\s
b141\sl-195\slmult0 \up0 \expndtw-7\charscalex90 Share\par\pard\column \ql \li83
\sb35\sl-195\slmult0\tx2171 \up0 \expndtw-7\charscalex88 Exchange\tab \up0 \expn
dtw-7\charscalex89 Revenue Reserves\par\pard\ql \li20\sb8\sl-195\slmult0\tx2684\
tx4172 \up0 \expndtw-7\charscalex95 translation \up0 \expndtw-6\charscalex100 St
atutory\tab \up0 \expndtw-7\charscalex94 Unappropriated\tab \up0 \expndtw-6\char
scalex100 Total\par\pard\sect\sectd\sbknone\cols3\colno1\colw6487\colsr160\colno
2\colw1588\colsr160\colno3\colw3715\colsr160\ql \li5803\sb0\sl-153\slmult0 \up0
\expndtw-7\charscalex95 Capital\par\pard\column \ql \li21\sb46\sl-153\slmult0 \u
p0 \expndtw-7\charscalex90 reserve\par\pard\column \ql \li20\sb0\sl-153\slmult0
\up0 \expndtw-7\charscalex94 General\par\pard\ql \li1172\sb0\sl-153\slmult0 \up0
\expndtw-7\charscalex100 profit \par\pard\sect\sectd\sbknone \ql \li5846\sb0\sl
-153\slmult0 \up0 \expndtw0\charscalex106 ------------------------------ (Rupees
in '000) --------------------------------\par\pard\li1526\sb172\sl-195\slmult0\
fi0\tx5673\tx6652\tx7487\tx8414\tx9609\tx10593 \up0 \expndtw-7\charscalex94 \ul0
\nosupersub\cf4\f5\fs17 Balance as at December 31, 2010\tab \up0 \expndtw-7\char
scalex94 10,018,800\tab \up0 \expndtw-7\charscalex94 7,787,885\tab \up0 \expndtw
-7\charscalex94 13,810,116\tab \up0 \expndtw-7\charscalex94 6,073,812\tab \up0 \
r\pard\li1526\sb147\sl-195\slmult0\fi0 \up0 \expndtw-7\charscalex94 \ul0\nosuper
sub\cf3\f4\fs17 Total comprehensive income for the year\par\pard\li1526\sb152\sl
-195\slmult0\fi0\tx6038\tx6883\tx7766\tx8644\tx9595\tx10555 \up0 \expndtw-7\char
scalex94 \ul0\nosupersub\cf4\f5\fs17 Profit for the year ended December 31, 2011
\tab \up0 \expndtw-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 -\tab \up0
\expndtw-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 -\tab \up0 \expndtw-7
\charscalex94 20,741,816\tab \up0 \expndtw-7\charscalex94 20,741,816\par\pard\li
4\fs17 - Other comprehensive income\par\pard\li1526\sb138\sl-195\slmult0\fi115\t
x6038\tx6796\tx7766\tx8644\tx9715\tx10771 \up0 \expndtw-7\charscalex94 \ul0\nosu
persub\cf4\f5\fs17 Effect of translation of net investment in foreign branches\t
ab \up0 \expndtw-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 457,701\tab \
up0 \expndtw-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 -\tab \up0 \expnd
tw-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 457,701\par\pard\li1526\sb1
61\sl-195\slmult0\fi4512\tx6796\tx7766\tx8644\tx9595\tx10588 \up0 \expndtw-7\cha
rscalex93 -\tab \up0 \expndtw-7\charscalex93 457,701\tab \up0 \expndtw-7\charsca
lex93 -\tab \up0 \expndtw-7\charscalex93 -\tab \up0 \expndtw-7\charscalex93 20,7
mult0\fi0 \up0 \expndtw-7\charscalex93 \ul0\nosupersub\cf3\f4\fs17 Transactions
with owners, recorded directly in equity\par\pard\li1526\sb156\sl-195\slmult0\fi
0 \up0 \expndtw-7\charscalex93 \ul0\nosupersub\cf4\f5\fs17 Final cash dividend p
aid at Rs. 6.5 per share for the year\par\pard\li1526\sb7\sl-195\slmult0\fi115\t

x6038\tx6883\tx7766\tx8644\tx9571\tx10526 \up0 \expndtw-7\charscalex93 ended Dec
ember 31, 2010\tab \up0 \expndtw-7\charscalex93 -\tab \up0 \expndtw-7\charscalex
93 -\tab \up0 \expndtw-7\charscalex93 -\tab \up0 \expndtw-7\charscalex93 -\tab \
up0 \expndtw-7\charscalex93 (6,512,220)\tab \up0 \expndtw-7\charscalex93 (6,512,
220)\par\pard\li1526\sb143\sl-195\slmult0\fi0\tx5769\tx6883\tx7766\tx8644\tx9561
\tx10819 \up0 \expndtw-7\charscalex93 Issued as bonus shares\tab \up0 \expndtw-7
\charscalex93 1,001,880\tab \up0 \expndtw-7\charscalex93 -\tab \up0 \expndtw-7\c
3 (1,001,880)\tab \up0 \expndtw-7\charscalex93 -\par\pard\li1526\sb141\sl-195\sl
mult0\fi0\tx6038\tx6883\tx7766\tx8644\tx9527\tx10483 \up0 \expndtw-7\charscalex9
3 Half year interim cash dividend paid at Rs. 3 per share\tab \up0 \expndtw-7\ch
arscalex93 -\tab \up0 \expndtw-7\charscalex93 -\tab \up0 \expndtw-7\charscalex93
-\tab \up0 \expndtw-7\charscalex93 -\tab \up0 \expndtw-7\charscalex93 (3,306,20
4)\tab \up0 \expndtw-7\charscalex93 (3,306,204)\par\pard\li1526\sb0\sl-195\slmul
t0\par\pard\li1526\sb29\sl-195\slmult0\fi4243\tx6883\tx7766\tx8644\tx9451\tx1050
2 \up0 \expndtw-7\charscalex95 1,001,880\tab \up0 \expndtw-7\charscalex95 -\tab
\up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expn
dtw-7\charscalex95 (10,820,304)\tab \up0 \expndtw-7\charscalex95 (9,818,424)\par
\pard\li1526\sb8\sl-195\slmult0\fi0 \up0 \expndtw-7\charscalex95 Transferred fro
m surplus on revaluation of fixed assets\par\pard\li1526\sb12\sl-195\slmult0\fi1
53\tx6038\tx6883\tx7766\tx8644\tx9801\tx10756 \up0 \expndtw-7\charscalex95 - net
of tax\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 -\ta
b \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \ex
pndtw-7\charscalex95 260,213\tab \up0 \expndtw-7\charscalex95 260,213\par\pard\l
i1526\sb137\sl-195\slmult0\fi0\tx6038\tx6883\tx7535\tx8644\tx9566\tx10819 \up0 \
expndtw-7\charscalex95 Transferred to statutory reserves\tab \up0 \expndtw-7\cha
rscalex95 -\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95
2,074,182\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 (2
,074,182)\tab \up0 \expndtw-7\charscalex95 -\par\pard\li1526\sb161\sl-195\slmult
0\fi0\tx5683\tx6628\tx7430\tx8414\tx9561\tx10516 \up0 \expndtw-7\charscalex95 Ba
lance as at December 31, 2011\tab \up0 \expndtw-7\charscalex95 11,020,680\tab \u
\tab \up0 \expndtw-7\charscalex95 6,073,812\tab \up0 \expndtw-7\charscalex95 52,
228,646\tab \up0 \expndtw-7\charscalex95 93,453,022\par\pard\li1526\sb138\sl-195
\slmult0\fi0 \up0 \expndtw-7\charscalex95 \ul0\nosupersub\cf3\f4\fs17 Total comp
rehensive income for the year\par\pard\li1526\sb156\sl-195\slmult0\fi0\tx6038\tx
6883\tx7766\tx8644\tx9600\tx10555 \up0 \expndtw-7\charscalex95 \ul0\nosupersub\c
f4\f5\fs17 Profit for the year ended December 31, 2012\tab \up0 \expndtw-7\chars
calex95 -\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 -\
tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 21,564,165\t
ab \up0 \expndtw-7\charscalex95 21,564,165\par\pard\li1526\sb147\sl-195\slmult0\
fi0 \up0 \expndtw-7\charscalex95 \ul0\nosupersub\cf3\f4\fs17 - Other comprehensi
ve income\par\pard\li1526\sb137\sl-195\slmult0\fi115\tx6038\tx6643\tx7766\tx8644
\tx9715\tx10617 \up0 \expndtw-7\charscalex95 \ul0\nosupersub\cf4\f5\fs17 Effect
of translation of net investment in foreign branches\tab \up0 \expndtw-7\charsca
lex95 -\tab \up0 \expndtw-7\charscalex95 3,977,384\tab \up0 \expndtw-7\charscale
x95 -\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 -\tab
\up0 \expndtw-7\charscalex95 3,977,384\par\pard\li1526\sb161\sl-195\slmult0\fi45
12\tx6643\tx7766\tx8644\tx9600\tx10540 \up0 \expndtw-7\charscalex94 -\tab \up0 \
expndtw-7\charscalex94 3,977,384\tab \up0 \expndtw-7\charscalex94 -\tab \up0 \ex
pndtw-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 21,564,165\tab \up0 \exp
ndtw-7\charscalex94 25,541,549\par\pard\li1526\sb8\sl-195\slmult0\fi0 \up0 \expn
dtw-7\charscalex94 \ul0\nosupersub\cf3\f4\fs17 Transactions with owners, recorde
d directly in equity\par\pard\li1526\sb152\sl-195\slmult0\fi0 \up0 \expndtw-7\ch
arscalex94 \ul0\nosupersub\cf4\f5\fs17 Final cash dividend paid at Rs. 4 per sha
re for the year\par\pard\li1526\sb12\sl-195\slmult0\fi115\tx6038\tx6883\tx7766\t
x8644\tx9542\tx10497 \up0 \expndtw-7\charscalex94 ended December 31, 2011\tab \u
p0 \expndtw-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 -\tab \up0 \expndt
w-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 -\tab \up0 \expndtw-7\charsc
alex94 (4,408,272)\tab \up0 \expndtw-7\charscalex94 (4,408,272)\par\pard\li1526\

sb142\sl-195\slmult0\fi0\tx6038\tx6883\tx7766\tx8644\tx9537\tx10492 \up0 \expndt
w-7\charscalex94 Half year interim cash dividend paid at Rs. 3.5 per share\tab \
tw-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 -\tab \up0 \expndtw-7\chars
calex94 (4,242,962)\tab \up0 \expndtw-7\charscalex94 (4,242,962)\par\pard\li1526
\sb142\sl-195\slmult0\fi0\tx5779\tx6883\tx7766\tx8644\tx9571\tx10819 \up0 \expnd
tw-7\charscalex94 Issued as bonus shares\tab \up0 \expndtw-7\charscalex94 1,102,
068\tab \up0 \expndtw-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 -\tab \u
p0 \expndtw-7\charscalex94 -\tab \up0 \expndtw-7\charscalex94 (1,102,068)\tab \u
p0 \expndtw-7\charscalex94 -\par\pard\li1526\sb156\sl-195\slmult0\fi4252\tx6883\
tx7766\tx8644\tx9552\tx10511 \up0 \expndtw-7\charscalex95 1,102,068\tab \up0 \ex
pndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\ch
arscalex95 -\tab \up0 \expndtw-7\charscalex95 (9,753,302)\tab \up0 \expndtw-7\ch
arscalex95 (8,651,234)\par\pard\li1526\sb8\sl-195\slmult0\fi0 \up0 \expndtw-7\ch
arscalex95 Transferred from surplus on revaluation of fixed assets\par\pard\li15
26\sb7\sl-195\slmult0\fi153\tx6038\tx6883\tx7766\tx8644\tx9782\tx10737 \up0 \exp
ndtw-7\charscalex95 - net of tax\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \ex
arscalex95 -\tab \up0 \expndtw-7\charscalex95 245,470\tab \up0 \expndtw-7\charsc
alex95 245,470\par\pard\li1526\sb142\sl-195\slmult0\fi0\tx6038\tx6883\tx7560\tx8
644\tx9590\tx10819 \up0 \expndtw-7\charscalex95 Transferred to statutory reserve
\expndtw-7\charscalex95 2,156,417\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \e
xpndtw-7\charscalex95 (2,156,417)\tab \up0 \expndtw-7\charscalex95 -\par\pard\li
1526\sb162\sl-195\slmult0\fi0\tx5712\tx6575\tx7459\tx8414\tx9585\tx10459 \up0 \e
xpndtw-7\charscalex95 Balance as at December 31, 2012\tab \up0 \expndtw-7\charsc
alex92 12,122,748\tab \up0 \expndtw-7\charscalex95 12,222,970\tab \up0 \expndtw7\charscalex95 18,040,715\tab \up0 \expndtw-7\charscalex95 6,073,812\tab \up0 \e
xpndtw-7\charscalex95 62,128,562\tab \up0 \expndtw-7\charscalex95 110,588,807\pa
r\pard\li1526\sb0\sl-218\slmult0\par\pard\li1526\sb30\sl-218\slmult0\fi0 \up0 \e
xpndtw-7\charscalex96 \ul0\nosupersub\cf2\f3\fs19 The annexed notes 1 to 49 and
annexures I to V form an integral part of these unconsolidated financial stateme
nts.\par\pard\li1526\sb0\sl-218\slmult0\par\pard\li1526\sb0\sl-218\slmult0\par\p
ard\li1526\sb0\sl-218\slmult0\par\pard\li1526\sb0\sl-218\slmult0\par\pard\li1526
\sb34\sl-218\slmult0\fi0\tx5769\tx8246\tx10387 \up0 \expndtw-8\charscalex94 \ul0
\nosupersub\cf1\f2\fs19 President and Chief Executive Officer\tab \up0 \expndtw8\charscalex94 Director\tab \up0 \expndtw-8\charscalex94 Director\tab \up0 \expn
dtw-8\charscalex94 Director
}
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70\sb26\sl-218\slmult0\fi47\tx6942\tx8659\tx10056 \up0 \expndtw-8\charscalex94 \
ul0\nosupersub\cf1\f2\fs19 President and Chief Executive Officer\tab \up0 \expnd
tw-8\charscalex94 Director\tab \up0 \expndtw-8\charscalex94 Director\tab \up0 \e
xpndtw-8\charscalex94 Director
}
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}
x92 \ul0\nosupersub\cf1\f2\fs19 HABIB BANK LIMITED \par\pard\qj \li1598\ri5371\s
b0\sl-240\slmult0 \up0 \expndtw-8\charscalex94 NOTES TO THE UNCONSOLIDATED FINAN
CIAL STATEMENTS \up0 \expndtw-8\charscalex91 FOR THE YEAR ENDED DECEMBER 31, 201
2 \par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb0\sl-218\slmult0\par\par
d\li1598\sb4\sl-218\slmult0\fi0\tx2059 \up0 \expndtw-8\charscalex91 1.\tab \up0
\expndtw-8\charscalex91 STATUS AND NATURE OF BUSINESS\par\pard\qj \li2059\ri845\
sb221\sl-224\slmult0 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf2\f3\fs19 H
abib Bank Limited (the Bank) is incorporated in Pakistan and is engaged
in commercial banking, modaraba \up0 \expndtw-7\charscalex94 management and a
sset management related services in Pakistan and overseas. The Bank\u8217?s Regi
stered office is at Habib \up0 \expndtw-6\charscalex100 Bank Tower, 4th Floor, J
innah Avenue, Islamabad and Principal office is at Habib Bank Plaza, I.I.Chundri
gar Road, \up0 \expndtw-7\charscalex96 Karachi. The Bank's shares are listed on
all three stock exchanges in Pakistan. The Bank operates 1,497 (2011: 1,464) \up
0 \expndtw-7\charscalex100 branches inside Pakistan including 33 (2011: 22) Isla
mic Banking Branches and 43 branches (2011: 42) outside the \up0 \expndtw-8\char
scalex100 country including Karachi Export Processing Zone (KEPZ). \par\pard\li1
598\sb0\sl-218\slmult0\par\pard\li1598\sb16\sl-218\slmult0\fi0\tx2059 \up0 \expn
dtw-8\charscalex91 \ul0\nosupersub\cf1\f2\fs19 2.\tab \up0 \expndtw-8\charscalex
91 BASIS OF PRESENTATION\par\pard\qj \li2150\sb0\sl-220\slmult0 \par\pard\qj\li2
150\ri840\sb8\sl-220\slmult0\tx2342 \up0 \expndtw-7\charscalex100 \ul0\nosupersu
b\cf2\f3\fs19 - These unconsolidated financial statements represents separate f
inancial statements of Habib Bank Limited. The \line\tab \up0 \expndtw-7\charsca
lex100 unconsolidated financial statements of the Bank are being issued separate
ly. \par\pard\qj \li2150\ri841\sb212\sl-230\slmult0\tx2342\tx2342 \up0 \expndtw3\charscalex100 - In accordance with the directives of the Federal Government r
egarding the shifting of the banking system to \line\tab \up0 \expndtw-7\charsca
lex97 Islamic modes, the State Bank of Pakistan (SBP) has issued various circula
rs from time to time. Permissible forms \line \tab \up0 \expndtw-7\charscalex97
of trade related modes of financing include purchase of goods by banks from thei
r customers and immediate \par\pard\qj \li2342\ri843\sb0\sl-220\slmult0 \up0 \ex
pndtw-7\charscalex98 resale to them at appropriate mark-up in price on deferred
payment basis. The purchases and sales arising under \up0 \expndtw-5\charscalex1
00 these arrangements are not reflected in these financial statements as such bu
t are restricted to the amount of \up0 \expndtw-5\charscalex100 facility actuall
y utilized and the appropriate portion of mark-up thereon. \par\pard\qj \li2150\
sb0\sl-220\slmult0 \par\pard\qj\li2150\ri841\sb19\sl-220\slmult0\tx2342\tx2342 \
up0 \expndtw-2\charscalex100 - The US Dollar amounts shown in the unconsolidate
d financial statements are stated solely for information \line\tab \up0 \expndtw
-5\charscalex100 convenience. The statement of financial position and profit and
loss account for the year ended December 31, \line \tab \up0 \expndtw-7\charsca
lex94 2012 and 2011 have been converted using the exchange rate of Rs. 97.1497 p
er US Dollar. \par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb23\sl-218\sl
mult0\fi0\tx2059 \up0 \expndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 2.1\ta
b \up0 \expndtw-8\charscalex92 Basis of measurement\par\pard\qj \li2059\sb0\sl-2
20\slmult0 \par\pard\qj\li2059\ri848\sb2\sl-220\slmult0 \up0 \expndtw-4\charscal
ex100 \ul0\nosupersub\cf2\f3\fs19 These unconsolidated financial statements have
been prepared under the historical cost convention except that \line \up0 \expn
dtw-7\charscalex96 certain classes of fixed assets are stated at revalued amount
s less accumulated depreciation, trading and available for \line \up0 \expndtw-7
\charscalex96 sale investments, derivative financial instruments and forward for
eign exchange contracts are measured at fair value. \par\pard\qj \li2059\sb0\sl220\slmult0 \par\pard\qj\li2059\ri845\sb20\sl-220\slmult0 \up0 \expndtw-7\charsc
alex100 The unconsolidated financial statements are presented in Pakistan Rupees
, which is Bank's functional currency. The \up0 \expndtw-8\charscalex100 amounts
are rounded to nearest thousand. \par\pard\ql \li1598\sb0\sl-218\slmult0 \par\p
ard\ql\li1598\sb24\sl-218\slmult0\tx2059 \up0 \expndtw-7\charscalex100 \ul0\nosu
persub\cf1\f2\fs19 2.2 \tab \up0 \expndtw-8\charscalex93 Use of estimates and ju
dgments \par\pard\qj \li2059\ri912\sb218\sl-223\slmult0 \up0 \expndtw-5\charscal
ex100 \ul0\nosupersub\cf2\f3\fs19 The preparation of unconsolidated financial st
atements in conformity with the approved accounting standards as \line \up0 \exp
ndtw-6\charscalex100 applicable in Pakistan requires the use of certain critical
accounting estimates. It also requires the management to \line \up0 \expndtw-3\
charscalex100 exercise its judgment in the process of applying the Bank's accou
nting policies. Estimates and judgments are \line \up0 \expndtw-3\charscalex100
continually evaluated and are based on historical experience, including expectat
ions of future events that are \line \up0 \expndtw-7\charscalex100 believed to
be reasonable under the circumstances. The areas where various assumptions
and estimates are \line \up0 \expndtw-7\charscalex100 significant to the Ban
k's financial statements or where judgment was exercised in application of accou
nting policies \line \up0 \expndtw-8\charscalex100 are as follows: \par\pard\ql
\li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb24\sl-218\slmult0 \up0 \expndtw
-8\charscalex100 i) Classification of investments (refer 4.3) \par\pard\qj \li
2059\ri2625\sb1\sl-220\slmult0 \up0 \expndtw-7\charscalex97 ii) Valuation and i
mpairment of available for sale equity investments and associates (refer 4.12) \
up0 \expndtw-8\charscalex97 iii) Provision against non performing advances (refe
r 4.4) \par\pard\ql \li2059\sb2\sl-218\slmult0 \up0 \expndtw-8\charscalex96 iv)
Fixed assets, depreciation and amortisation (refer 4.5) \par\pard\ql \li2059\sb
23\sl-218\slmult0 \up0 \expndtw-8\charscalex96 v) Fair value of derivatives (re
fer 4.17) \par\pard\ql \li2059\sb3\sl-218\slmult0 \up0 \expndtw-8\charscalex100
vi) Defined benefits plans and other benefits (refer 4.8) \par\pard\qj \li1598\s
b0\sl-220\slmult0 \par\pard\qj\li1598\ri848\sb1\sl-220\slmult0\tx2059 \up0 \expn
dtw-7\charscalex100 \ul0\nosupersub\cf1\f2\fs19 2.2.1 \ul0\nosupersub\cf2\f3\fs1
9 Revisions to accounting estimates are recognized in the period in which the es
timate is revised if the revision affects \line\tab \up0 \expndtw-7\charscalex10
0 only that period, or in the period of revision and future periods if the revis
ion affects both current and future periods. \par\pard\sect\sectd\fs24\paperw122
40\paperh15840\pard\sb0\sl-240{\bkmkstart Pg7}{\bkmkend Pg7}\par\pard\li1598\sb0
\sl-218\slmult0\par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb0\sl-218\sl
mult0\par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb57\sl-218\slmult0\fi0
\tx2059 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 3.\tab \up0 \ex
pndtw-8\charscalex93 STATEMENT OF COMPLIANCE\par\pard\ql \li1598\sb214\sl-218\sl
mult0\tx2059 \up0 \expndtw-8\charscalex93 3.1 \tab \up0 \expndtw-7\charscalex97
\ul0\nosupersub\cf2\f3\fs19 These unconsolidated financial statements have been
prepared in accordance with approved accounting standards as \par\pard\qj \li205
9\ri845\sb19\sl-222\slmult0 \up0 \expndtw-7\charscalex98 applicable in Pakistan.
Approved accounting standards comprise of such International Financial Reportin
g Standards \up0 \expndtw-6\charscalex100 (IFRS) issued by the International Acc
ounting Standards Board and Islamic Financial Accounting Standards (IFAS) \up0 \
expndtw-7\charscalex100 issued by the Institute of Chartered Accountants of Paki
stan as are notified under the Companies Ordinance, 1984, \up0 \expndtw-7\charsc
alex98 provisions of and directives issued under the Companies Ordinance, 1984 a
nd Banking Companies Ordinance, 1962 \up0 \expndtw-6\charscalex100 and the dire
ctives issued by SBP and Securities and Exchange Commission of Pakistan (SECP)
. Whenever the \up0 \expndtw-7\charscalex95 requirements of Companies Ordinance
, 1984, the Banking Companies Ordinance, 1962 or the directives issued by SBP \u
p0 \expndtw-5\charscalex100 and SECP differ with the requirements of IFRS or IFA
S, the requirements of the Companies Ordinance, 1984 and \up0 \expndtw-7\charsca

lex95 Banking Companies Ordinance, 1962 and the said directives shall prevail. \
par\pard\qj \li2059\sb0\sl-223\slmult0 \par\pard\qj\li2059\ri845\sb35\sl-223\slm
ult0 \up0 \expndtw-5\charscalex100 The SBP, vide its BSD Circular Letter No. 10
dated August 26, 2002 has deferred the applicability of International \line \up0
\expndtw-7\charscalex97 Accounting Standard 39, Financial Instruments Recogniti
on and Measurement and International Accounting Standard \line \up0 \expndtw-5\c
harscalex100 40, Investment Property for banking companies till further instruct
ions. Further, SECP has deferred applicability of \line \up0 \expndtw-7\charscal
ex97 IFRS - 7 "Financial Instruments: Disclosures" on banks through S.R.O 411(1)
/2008 dated April 28, 2008. Accordingly, \line \up0 \expndtw-6\charscalex100 the
requirements of these standards have not been considered in the preparation of
these unconsolidated financial \line \up0 \expndtw-7\charscalex96 statements. Ho
wever, investments have been classified and valued in accordance with the requir
ements prescribed by \line \up0 \expndtw-8\charscalex96 the SBP through various
circulars. \par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb25\sl-218\slmul
t0\fi0\tx2059 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 3.2\tab \
up0 \expndtw-7\charscalex95 Standards, interpretations and amendments to publish
ed approved accounting standards that are not yet\par\pard\li1598\sb9\sl-218\slm
ult0\fi460 \up0 \expndtw-8\charscalex94 effective\par\pard\qj \li2059\ri849\sb21
4\sl-220\slmult0 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The f
ollowing standards, amendments and interpretations of approved accounting standa
rds will be effective for \up0 \expndtw-8\charscalex94 accounting periods beginn
ing on or after 01 January 2013: \par\pard\qj \li2150\sb0\sl-220\slmult0 \par\pa
rd\qj\li2150\ri842\sb20\sl-220\slmult0\tx2342\tx2342\tx2342 \up0 \expndtw-2\char
scalex100 -\tab \up0 \expndtw-6\charscalex100 Amendments to IAS 1 `Presentation
of Financial Statements: Financial statement presentation\u8217? regarding other
\line\tab \up0 \expndtw-4\charscalex100 comprehensive income (effective for ann
ual periods beginning on or after 1 July 2012). Items that could be \line \tab
\up0 \expndtw-4\charscalex100 reclassified (or \u8216?recycled\u8217?) to profi
t or loss at a future point in time (for example, net gain on hedge of net \par\
pard\qj \li2342\ri840\sb20\sl-220\slmult0 \up0 \expndtw-7\charscalex97 investmen
t, exchange differences on translation of foreign operations, net movement on ca
sh flow hedges and net \up0 \expndtw-5\charscalex100 loss or gain on available-f
or-sale financial assets) would be presented separately from items that will nev
er be \up0 \expndtw-7\charscalex96 reclassified (for example, actuarial gains an
d losses on defined benefit plans and revaluation of land and buildings). \up0 \
expndtw-7\charscalex96 The amendment affects presentation only and has no impact
on the Bank\u8217?s financial position. \par\pard\qj \li2150\sb0\sl-220\slmult0
\par\pard\qj\li2150\ri839\sb20\sl-220\slmult0\tx2342\tx2342\tx2342 \up0 \expndt
w-2\charscalex100 -\tab \up0 \expndtw-7\charscalex97 Amendments to IAS 19 - Empl
oyee Benefits (Revised): For defined benefit plans, the ability to defer recogni
tion of \line\tab \up0 \expndtw-7\charscalex95 actuarial gains and losses (i.e.,
the corridor approach) has been removed. As revised, actuarial gains and losses
are \line \tab \up0 \expndtw-7\charscalex95 recognized in other comprehensive i
ncome when they occur. Amounts recorded in profit and loss are limited to \par\p
ard\qj \li2342\ri841\sb0\sl-226\slmult0 \up0 \expndtw-7\charscalex96 current and
past service costs, gains or losses on settlements, and net interest income / e
xpense. All other changes \up0 \expndtw-4\charscalex100 in the net defined benef
it asset / liability are recognized in other comprehensive income with no subseq
uent \up0 \expndtw-5\charscalex100 recycling to profit and loss. Had the change
been taken in current year, profit before taxation would have been \up0 \expndtw
-7\charscalex94 higher by Rs. 1.18 billion and comprehensive income would have b
een lower by Rs. 1.18 billion. \par\pard\qj \li2150\sb0\sl-220\slmult0 \par\pard
\qj\li2150\ri840\sb15\sl-220\slmult0\tx2342\tx2342\tx2342 \up0 \expndtw-2\charsc
alex100 -\tab \up0 \expndtw-7\charscalex94 Amendments in IAS 28 Investments in A
ssociates: As a consequence of the new IFRS 11 Joint Arrangements, IAS 28 \line\
tab \up0 \expndtw-5\charscalex100 Investments in Associates, has been renamed as
IAS 28 Investments in Associates and Joint Ventures, and \line \tab \up0 \expn
dtw-5\charscalex100 describes the application of the equity method to investment
s in joint ventures in addition to associates. The \par\pard\qj \li2342\ri841\sb

0\sl-220\slmult0 \up0 \expndtw-7\charscalex100 amendment results in no impact on
the Bank\u8217?s financial position as it is already accounting joint ventures
through \line \up0 \expndtw-7\charscalex100 equity method. The revised standard
becomes effective for annual periods beginning on or after 1 January 2013. \par\
pard\qj \li2150\sb0\sl-220\slmult0 \par\pard\qj\li2150\ri841\sb20\sl-220\slmult0
\tx2342\tx2342\tx2342 \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-6\charsc
alex100 Amendments in IAS 32 Financial Instruments: Presentation Offsetting Fina
ncial Assets and Financial Liabilities \line\tab \up0 \expndtw-4\charscalex100 (
effective for annual periods beginning on or after 1 January 2014). These amen
dments clarify some of the \line \tab \up0 \expndtw-4\charscalex100 requirements
for offsetting financial assets and financial liabilities on the statement of f
inancial position. It is \par\pard\qj \li2342\ri840\sb0\sl-224\slmult0 \up0 \exp
ndtw-7\charscalex100 clarified that rights of set-off must not only be legally e
nforceable in the normal course of business, but must also \line \up0 \expndtw-7
\charscalex100 be enforceable in the event of default and the event of bankruptc
y or insolvency of all of the counterparties to the \line \up0 \expndtw-2\charsc
alex100 contract, including the reporting entity itself. The amendments also cla
rify that rights of set-off must not be \line \up0 \expndtw-6\charscalex100 cont
ingent on a future event. Further clarifying offsetting criteria to settlement s
ystems, the IAS 32 requires the \line \up0 \expndtw-3\charscalex100 reporting e
ntity to intend either to settle on a net basis, or to realize the asse
t and settle the liability \line \up0 \expndtw-6\charscalex100 simultaneously
. The amendments clarify that only gross settlement mechanisms with features tha
t eliminate or \line \up0 \expndtw-5\charscalex100 result in insignificant credi
t and liquidity risk and that process receivables and payables in a single settl
ement \line \up0 \expndtw-1\charscalex100 process or cycle would be, in effect,
equivalent to net settlement and, therefore, meet the net settlement \line \up0
\expndtw-3\charscalex100 criterion. These amendments are likely to affect presen
tation of assets and liabilities in the Bank\u8217?s financial \line \up0 \expnd
tw-8\charscalex100 position. \par\pard\sect\sectd\fs24\paperw12240\paperh15840\p
ard\sb0\sl-240{\bkmkstart Pg8}{\bkmkend Pg8}\par\pard\li2284\sb0\sl-218\slmult0\
par\pard\li2284\sb0\sl-218\slmult0\par\pard\li2284\sb0\sl-218\slmult0\par\pard\l
i2284\sb49\sl-218\slmult0\fi0\tx2601 \up0 \expndtw-8\charscalex100 \ul0\nosupers
ub\cf2\f3\fs19 -\tab \up0 \expndtw-7\charscalex100 Further, following new standa
rds have been issued by IASB which are yet to be notified by the SECP for the\pa
r\pard\li2284\sb9\sl-218\slmult0\fi316 \up0 \expndtw-8\charscalex100 purpose of
applicability in Pakistan.\par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb
11\sl-218\slmult0\fi7718 \up0 \expndtw-8\charscalex93 IASB Effective date\par\pa
rd\li1598\sb9\sl-218\slmult0\fi7463 \up0 \expndtw-8\charscalex93 (annual periods
beginning\par\pard\li1598\sb4\sl-218\slmult0\fi7641 \up0 \expndtw-8\charscalex9
3 Standard on or after)\par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb16\
sl-218\slmult0\fi1003\tx9407 \up0 \expndtw-8\charscalex93 IFRS 9 - Financial Ins
truments: Classification and Measurement\tab \up0 \expndtw-8\charscalex93 Januar
y 01, 2015\par\pard\li1598\sb9\sl-218\slmult0\fi1003\tx9407 \up0 \expndtw-8\char
scalex93 IFRS 10 - Consolidated Financial Statements\tab \up0 \expndtw-8\charsca
lex93 January 01, 2013\par\pard\li1598\sb8\sl-218\slmult0\fi1003\tx9407 \up0 \ex
pndtw-8\charscalex93 IFRS 11 - Joint arrangements\tab \up0 \expndtw-8\charscalex
93 January 01, 2013\par\pard\li1598\sb9\sl-218\slmult0\fi1003\tx9407 \up0 \expnd
tw-8\charscalex93 IFRS 12 - Disclosure of Interest in Other Entities\tab \up0 \e
xpndtw-8\charscalex93 January 01, 2013\par\pard\li1598\sb9\sl-218\slmult0\fi1003
\tx9407 \up0 \expndtw-8\charscalex93 IFRS 13 - Fair Value Measurement\tab \up0 \
expndtw-8\charscalex93 January 01, 2013\par\pard\li1598\sb0\sl-218\slmult0\par\p
ard\li1598\sb35\sl-218\slmult0\fi0\tx2059 \up0 \expndtw-8\charscalex93 \ul0\nosu
persub\cf1\f2\fs19 4.\tab \up0 \expndtw-8\charscalex93 SUMMARY OF SIGNIFICANT AC
COUNTING POLICIES\par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb16\sl-218
\slmult0\fi0\tx2059 \up0 \expndtw-8\charscalex93 4.1\tab \up0 \expndtw-8\charsca
lex93 Cash and cash equivalents\par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard
\ql\li2059\sb8\sl-218\slmult0 \up0 \expndtw-7\charscalex95 \ul0\nosupersub\cf2\f
3\fs19 Cash and cash equivalents include cash and balances with treasury and oth
er banks in current and deposit accounts. \par\pard\ql \li1598\sb0\sl-218\slmult

0 \par\pard\ql\li1598\sb5\sl-218\slmult0\tx2059 \up0 \expndtw-5\charscalex100 \u
l0\nosupersub\cf1\f2\fs19 4.2 \tab \up0 \expndtw-8\charscalex94 Lendings / borro
wings (reverse repo / repo) \par\pard\qj \li2059\sb0\sl-220\slmult0 \par\pard\qj
\li2059\ri845\sb21\sl-220\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\c
f2\f3\fs19 Where securities are sold subject to a commitment to re-purchase them
at a pre-determined price, they remain on the \up0 \expndtw-4\charscalex100 sta
tement of financial position and a liability is recorded in respect of the consi
deration received in \u8220?borrowings\u8221?. \up0 \expndtw-5\charscalex100 Con
versely, securities purchased under analogous commitments to resell are not reco
gnized on the statement of \up0 \expndtw-5\charscalex100 financial position and
the consideration paid is recorded in \u8220?lendings to financial institutions"
. \par\pard\qj \li2059\sb0\sl-220\slmult0 \par\pard\qj\li2059\ri845\sb20\sl-220\
slmult0 \up0 \expndtw-6\charscalex100 The difference between the sale and purcha
se price is recognized as mark-up / return expensed or earned on time \up0 \expn
dtw-8\charscalex93 proportion basis as the case may be. \par\pard\li1598\sb0\sl218\slmult0\par\pard\li1598\sb20\sl-218\slmult0\fi0\tx2059 \up0 \expndtw-8\chars
calex95 \ul0\nosupersub\cf1\f2\fs19 4.3\tab \up0 \expndtw-8\charscalex95 Investm
ents\par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb9\sl-218\slmul
t0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 The Bank classifies
its investment portfolio into the following categories: \par\pard\ql \li2059\sb0
x100 \ul0\nosupersub\cf1\f2\fs19 Held-for-trading \par\pard\qj \li2059\sb0\sl-22
0\slmult0 \par\pard\qj\li2059\ri845\sb21\sl-220\slmult0 \up0 \expndtw-6\charscal
ex100 \ul0\nosupersub\cf2\f3\fs19 These are securities, which are either acquire
d for generating a profit from short-term fluctuations in market prices, \line \
up0 \expndtw-4\charscalex100 interest rate movements, dealers margin or are secu
rities included in a portfolio in which a pattern of short-term \line \up0 \expn
dtw-8\charscalex95 trading exists. \par\pard\ql \li2059\sb0\sl-218\slmult0 \par\
pard\ql\li2059\sb24\sl-218\slmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub
\cf1\f2\fs19 Held-to-maturity \par\pard\qj \li2059\sb0\sl-220\slmult0 \par\pard\
qj\li2059\ri845\sb1\sl-220\slmult0 \up0 \expndtw-7\charscalex100 \ul0\nosupersub
\cf2\f3\fs19 These are securities with fixed or determinable payments and fixed
maturity that the Bank has the positive intent and \up0 \expndtw-8\charscalex100
ability to hold till maturity. \par\pard\ql \li2059\sb0\sl-218\slmult0 \par\par
d\ql\li2059\sb24\sl-218\slmult0 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1
\f2\fs19 Available-for-sale \par\pard\ql \li2059\ri2601\sb31\sl-450\slmult0 \up0
\expndtw-7\charscalex100 \ul0\nosupersub\cf2\f3\fs19 These are investments that
do not fall under the held-for-trading or held-to-maturity categories. \up0 \ex
pndtw-7\charscalex96 Investments, including those referred to in para above, are
accounted for as follows: \line \up0 \expndtw-8\charscalex96 - Quoted securiti
es are carried at fair value. \par\pard\qj \li2150\ri841\sb172\sl-230\slmult0\tx
2342\tx2342 \up0 \expndtw-5\charscalex100 - Unquoted equity securities are valu
ed at lower of cost and break-up value. Break-up value\ul0\nosupersub\cf1\f2\fs1
9 \ul0\nosupersub\cf2\f3\fs19 of unquoted equity \line\tab \up0 \expndtw-7\char
scalex97 securities is calculated with reference to the net assets of the invest
ee company as per the latest available audited \line \tab \up0 \expndtw-8\charsc
alex97 financial statements. \par\pard\ql \li2150\sb0\sl-218\slmult0 \par\pard\q
l\li2150\sb2\sl-218\slmult0 \up0 \expndtw-7\charscalex97 - Securities classifie
d as held-to-maturity are carried at amortised cost less impairment loss if any.
\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart Pg
9}{\bkmkend Pg9}\par\pard\qj \li2059\sb0\sl-220\slmult0 \par\pard\qj\li2059\sb0\
sl-220\slmult0 \par\pard\qj\li2059\sb0\sl-220\slmult0 \par\pard\qj\li2059\ri849\
sb39\sl-220\slmult0 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Al
l purchases and sales of investments that require delivery within the time frame
established by regulations or \up0 \expndtw-7\charscalex97 market convention ar
e recognised at the trade date. Trade date is the date on which the Bank commits
to purchase or \up0 \expndtw-8\charscalex97 sell the investments. \par\pard\qj
\li2059\sb0\sl-220\slmult0 \par\pard\qj\li2059\ri846\sb20\sl-220\slmult0 \up0 \e
xpndtw-6\charscalex100 Investments other than those categorised as held f
or trading include transaction costs associated with the \line \up0 \expn
dtw-7\charscalex97 investments. In case of investments classified as held for tr
ading, transaction costs are expensed in the profit and loss \line \up0 \expndtw
-8\charscalex97 account. \par\pard\qj \li2059\ri851\sb204\sl-240\slmult0 \up0 \e
xpndtw-7\charscalex100 Provision for impairment in the value of equity securitie
s is made after considering objective evidence of impairment. \up0 \expndtw-7\ch
arscalex100 Provision for diminution in the value of debt securities is made as
per the Prudential Regulation issued by the SBP. \par\pard\qj \li2059\ri846\sb20
9\sl-230\slmult0 \up0 \expndtw-5\charscalex100 Any unrealized surplus / deficit
arising on revaluation of investments classified as \u8216?held-for-trading\u821
7? is taken to the \up0 \expndtw-6\charscalex100 profit and loss account and unr
ealized surplus / deficit arising on revaluation of investments classified as \u
8216?available\up0 \expndtw-6\charscalex100 for-sale\u8217? is taken directly to
surplus / deficit on revaluation of securities in the statement of financial po
sition. \par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb2\sl-218\s
lmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 Investment in su
bsidiaries / associates / joint venture \par\pard\ql \li2059\sb0\sl-218\slmult0
\par\pard\ql\li2059\sb25\sl-218\slmult0 \up0 \expndtw-7\charscalex95 \ul0\nosupe
rsub\cf2\f3\fs19 Investments in subsidiaries, associates and joint ventures are
recorded at cost less impairment if any. \par\pard\li1598\sb0\sl-218\slmult0\par
\pard\li1598\sb11\sl-218\slmult0\fi0\tx2059 \up0 \expndtw-8\charscalex92 \ul0\no
supersub\cf1\f2\fs19 4.4\tab \up0 \expndtw-8\charscalex92 Advances\par\pard\qj \
li2059\ri845\sb212\sl-224\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\c
f2\f3\fs19 Advances are stated net of provision against non-performing advances.
Provision against non-performing advances of \up0 \expndtw-6\charscalex100 Paki
stan operations and domestic subsidiaries, including general provision i
s made in accordance with the \up0 \expndtw-7\charscalex97 requirements of
the prudential regulations issued by the SBP. Provision against non-performing a
dvances of overseas \up0 \expndtw-7\charscalex96 branches and subsidiary compani
es are made as per the requirements of the respective regulatory regimes. Advanc
es \up0 \expndtw-7\charscalex98 are written off when there are no realistic pros
pects of recovery in accordance with the requirements of the prudential \up0 \ex
pndtw-7\charscalex98 regulations issued by the SBP or the requirements of respec
tive regulatory regimes. \par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li
2059\sb23\sl-218\slmult0 \up0 \expndtw-8\charscalex91 \ul0\nosupersub\cf1\f2\fs1
9 Finance lease receivables \par\pard\qj \li2059\ri845\sb216\sl-226\slmult0 \up0
\expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Leases where the Bank tran
sfers substantially all the risks and rewards incidental to ownership of an asse
t to the \line \up0 \expndtw-7\charscalex96 lessee are classified as finance lea
ses. A receivable is recognized at an amount equal to the present value of the l
ease \line \up0 \expndtw-3\charscalex100 payments including any guaranteed resid
ual value. Net investment in finance lease is included in advances to \line \up0
\expndtw-8\charscalex94 customers. \par\pard\ql \li2059\sb0\sl-218\slmult0 \par
\pard\ql\li2059\sb3\sl-218\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\
cf1\f2\fs19 Ijarah \par\pard\qj \li2059\sb0\sl-222\slmult0 \par\pard\qj\li2059\r
i844\sb17\sl-222\slmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs
19 Assets given on Ijarah, after taking into account the estimated residual valu
e, are stated at cost less accumulated \line \up0 \expndtw-7\charscalex98 deprec
iation using straight line method over the life of the asset. Impairment evaluat
ion of loss on sale expected from \line \up0 \expndtw-7\charscalex98 the unilate
ral commitment given by the customer to purchase the asset at the expiry of the
Ijarah term and the Bank's \line \up0 \expndtw-2\charscalex100 policy to accept
the offer is carried out by comparing the Written Down Value to the Net Present
Value of the \line \up0 \expndtw-5\charscalex100 expected cash flows at the date
of statement of financial position. Impairment losses evaluated, are booked in
the \line \up0 \expndtw-6\charscalex100 Profit and Loss Account as and when occu
rred. The residual value of the Ijarah asset is the estimated amount that \line
\up0 \expndtw-7\charscalex95 Bank could obtain from disposal of assets as define
d in para 6 of IAS 16 - Property, plant and equipment. This has been \line \up0
\expndtw-3\charscalex100 estimated on the basis that all assets given on Ijarah
have an economic life of ten years and if the assets were \line \up0 \expndtw-7\
charscalex97 depreciated over this life the written down value at end of Ijarah
term would represent the residual value. \par\pard\qj \li2059\sb0\sl-220\slmult0
\par\pard\qj\li2059\ri845\sb20\sl-220\slmult0 \up0 \expndtw-7\charscalex97 Thes
e Ijarah are shown under advances and further analysis is provided in the note o
f Islamic Banking Business (note \line \up0 \expndtw-8\charscalex97 47). \par\pa
rd\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart Pg10}{\bkm
kend Pg10}\par\pard\ql \li1598\sb0\sl-218\slmult0 \par\pard\ql\li1598\sb0\sl-218
\slmult0 \par\pard\ql\li1598\sb0\sl-218\slmult0 \par\pard\ql\li1598\sb46\sl-218\
slmult0 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 4.5 Operating
fixed assets and depreciation \par\pard\ql \li1598\sb183\sl-218\slmult0 \up0 \e
xpndtw-8\charscalex95 4.5.1 Tangible \par\pard\qj \li2059\ri780\sb164\sl-240\slm
ult0 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf2\f3\fs19 Fixed assets and c
apital work-in-progress, are stated at cost, except for land and buildings which
are carried at revalued \up0 \expndtw-7\charscalex96 amount less accumulated de
preciation, where applicable, and accumulated impairment losses (if any). \par\p
ard\qj \li2059\ri781\sb153\sl-225\slmult0 \up0 \expndtw-7\charscalex96 Cost of f
ixed assets of foreign branches include exchange differences arising on translat
ion at year-end rates. Land and \up0 \expndtw-6\charscalex100 buildings are rev
alued by independent professionally qualified valuers with sufficient regularity
to ensure that the net \up0 \expndtw-7\charscalex100 carrying amount does not d
iffer materially from the fair value. Surplus arising on revaluation is credited
to the \u8216?surplus \up0 \expndtw-7\charscalex100 on revaluation of fixed ass
ets\u8217? account (net of deferred tax). Under the provision of the Companies O
rdinance, 1984, \up0 \expndtw-7\charscalex100 deficit arising on revaluation of
fixed assets is adjusted against the balance in the above surplus account. \par\
pard\qj \li2059\ri781\sb200\sl-220\slmult0 \up0 \expndtw-6\charscalex100 Surplus
on revaluation of fixed assets to the extent of the incremental depreciation ch
arged on the related assets is \up0 \expndtw-6\charscalex100 transferred by the
Bank to un-appropriated profits (net of deferred tax). \par\pard\qj \li2059\ri78
0\sb180\sl-220\slmult0 \up0 \expndtw-7\charscalex97 All operating assets are bei
ng depreciated over their expected useful lives using the straight-line method f
rom the date \up0 \expndtw-8\charscalex97 the assets are available for use. \par
\pard\ql \li2059\sb182\sl-218\slmult0 \up0 \expndtw-6\charscalex100 Depreciation
is calculated so as to write-off the assets over their expected useful lives at
the rates specified in note \par\pard\qj \li2059\ri778\sb0\sl-230\slmult0 \up0
\expndtw-7\charscalex100 10.3 to these unconsolidated financial statements. The
depreciation charge for the year is calculated after taking into \up0 \expndtw-7
\charscalex98 account residual value, if any. The residual values, useful lives
and depreciation method are reviewed and adjusted, if \up0 \expndtw-8\charscalex
98 appropriate, at each date of statement of financial position. \par\pard\ql \l
i2059\sb173\sl-218\slmult0 \up0 \expndtw-7\charscalex97 Depreciation on addition
and deletion of tangible assets during the year is charged in proportion to the
period of use. \par\pard\qj \li2059\ri778\sb201\sl-220\slmult0 \up0 \expndtw-7\
charscalex98 Normal repairs and maintenance are charged to the profit and loss a
ccount as and when incurred. However, renewals \up0 \expndtw-8\charscalex98 are
capitalized. \par\pard\qj \li2059\ri779\sb180\sl-220\slmult0 \up0 \expndtw-7\cha
rscalex97 Gains or losses arising on the disposal of fixed assets are included i
n income currently. Surplus on revaluation of fixed \up0 \expndtw-7\charscalex10
0 assets (net of deferred tax) realized on disposal and incremental depreciation
during the year is transferred directly to \up0 \expndtw-8\charscalex100 un-app
ropriated profit. \par\pard\ql \li1598\sb182\sl-218\slmult0 \up0 \expndtw-8\char
scalex97 \ul0\nosupersub\cf1\f2\fs19 4.5.2 Intangible \par\pard\qj \li2059\ri781
\sb198\sl-224\slmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs19
Intangible assets having a finite useful life are stated at cost less acc
umulated amortization and accumulated \up0 \expndtw-5\charscalex100 impairment
losses, if any. Such intangible assets are amortized using the straight-line me
thod over their estimated \up0 \expndtw-3\charscalex100 useful lives. Amortizati
on is charged at the rate stated in note 10.2. Amortization on additions and de
letions of \up0 \expndtw-7\charscalex98 intangible assets during the year is cha
rged in proportion to the period of use. The useful life and amortization method
\up0 \expndtw-6\charscalex100 are reviewed and adjusted, if appropriate at each
date of statement of financial position. Intangible assets having an \up0 \expn
dtw-6\charscalex100 indefinite useful life are stated at acquisition cost less i
mpairment, if any. \par\pard\ql \li1598\sb181\sl-218\slmult0\tx2059 \up0 \expndt
w-3\charscalex100 \ul0\nosupersub\cf1\f2\fs19 4.6 \tab \up0 \expndtw-8\charscale
x92 Borrowings / deposits \par\pard\ql \li2059\sb183\sl-218\slmult0 \up0 \expndt
w-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 a) Borrowings / deposits are record
ed at the proceeds received. \par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\q
l\li2059\sb5\sl-218\slmult0 \up0 \expndtw-7\charscalex95 b) The cost of borrowin
gs / deposits is recognized as an expense in the period in which this is incurre
d. \par\pard\li1598\sb209\sl-218\slmult0\fi0\tx2059 \up0 \expndtw-8\charscalex97
\ul0\nosupersub\cf1\f2\fs19 4.7\tab \up0 \expndtw-8\charscalex97 Sub-Ordinated
Debt\par\pard\qj \li2059\ri781\sb175\sl-220\slmult0 \up0 \expndtw-7\charscalex98
\ul0\nosupersub\cf2\f3\fs19 Sub-ordinated debt is initially recorded at the amo
unt of proceeds received. Mark-up accrued on sub-ordinated debt is \up0 \expndtw
-8\charscalex98 charged to the profit and loss account. \par\pard\li1598\sb195\s
l-218\slmult0\fi0\tx2059 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs1
9 4.8\tab \up0 \expndtw-8\charscalex95 Employee benefits\par\pard\ql \li2059\sb1
70\sl-218\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 The B
ank operates the following schemes for its employees: \par\pard\ql \li2059\sb203
\sl-218\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 i)\ul0\
nosupersub\cf7\f8\fs15 \ul0\nosupersub\cf1\f2\fs19 Approved Pension Fund (Def
ined benefit scheme) \par\pard\qj \li2342\ri776\sb0\sl-224\slmult0 \up0 \expndtw
-7\charscalex95 \ul0\nosupersub\cf2\f3\fs19 For those who opted for pension sche
me introduced in 1977, the Bank operates a pension scheme to its executives / \u
p0 \expndtw-3\charscalex100 officers and clerical employees. However, for the ex
ecutives / officers this benefit is based on the salary and \up0 \expndtw-7\char
scalex96 services as at March 31, 2005. The Provident Fund and Gratuity benefit
were offered to such executives / officers in \up0 \expndtw-6\charscalex100 resp
ect of the future service after that date. During the year, the Bank has shift
ed the gross pension calculation \up0 \expndtw-7\charscalex98 basis to the last
drawn basic salary at the time of retirement. Liability under the scheme is dete
rmined on the basis \up0 \expndtw-8\charscalex98 of actuarial advice using the P
rojected Unit Credit Method. \par\pard\sect\sectd\fs24\paperw12240\paperh15840\p
ard\sb0\sl-240{\bkmkstart Pg11}{\bkmkend Pg11}\par\pard\ql \li2059\sb0\sl-218\sl
mult0 \par\pard\ql\li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb0\sl-218\slmu
lt0 \par\pard\ql\li2059\sb6\sl-218\slmult0 \up0 \expndtw-8\charscalex96 \ul0\nos
upersub\cf1\f2\fs19 ii)\ul0\nosupersub\cf7\f8\fs15 \ul0\nosupersub\cf1\f2\fs19
Approved Gratuity Fund (Defined benefit scheme) \par\pard\qj \li2342\sb0\sl-220
\slmult0 \par\pard\qj\li2342\ri775\sb1\sl-220\slmult0 \up0 \expndtw-6\charscalex
100 \ul0\nosupersub\cf2\f3\fs19 For those who did not opt for pension scheme int
roduced in 1977 and opted for Gratuity scheme instead and for \up0 \expndtw-7\ch
arscalex100 the new employees hired on or after 01.01.2002, the Bank operates ap
proved gratuity scheme. Liability under the \up0 \expndtw-7\charscalex100 scheme
is determined on the basis of actuarial advice using the Projected Unit Credit
Method. \par\pard\ql \li2059\sb202\sl-218\slmult0 \up0 \expndtw-8\charscalex95 \
ul0\nosupersub\cf1\f2\fs19 iii)\ul0\nosupersub\cf7\f8\fs15 \ul0\nosupersub\cf1\
f2\fs19 Provident Fund (Defined contributory scheme) \par\pard\ql \li2342\sb3\sl
-218\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 Under this
scheme, both employees and the Bank contributes to the fund. \par\pard\ql \li20
iv) Benevolent Fund (Defined contributory scheme) \par\pard\qj \li2342\ri774\sb
0\sl-226\slmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The B
ank operates funded benevolent schemes for its executives / officers and clerica
l employees. Under this \up0 \expndtw-7\charscalex100 scheme, the employees of t
he Bank are entitled to receive defined grants / facilities during their service
and after \up0 \expndtw-2\charscalex100 retirement. The benevolent fund plan c
overs all the employees of the Bank. Liability under the scheme is \up0 \expnd
tw-7\charscalex97 determined on the basis of actuarial advice using the Projecte
d Unit Credit Method. \par\pard\ql \li2059\sb177\sl-218\slmult0 \up0 \expndtw-8\

charscalex94 \ul0\nosupersub\cf1\f2\fs19 v) Post Retirement Medical Benefits \pa
r\pard\qj \li2342\ri777\sb0\sl-225\slmult0 \up0 \expndtw-6\charscalex100 \ul0\no
supersub\cf2\f3\fs19 The Bank also provides post retirement medical benefits to
its officers/executives and clerical employees retiring \line \up0 \expndtw-7\ch
arscalex100 before December 31, 2005. The employees under officers and executive
s cadre are entitled to receive lump sum \line \up0 \expndtw-4\charscalex100 pay
ments in lieu of post retirement medical facilities as a full and final settleme
nt, effective January 01, 2006 \line \up0 \expndtw-7\charscalex100 onwards. Liab
ility under the scheme is determined on the basis of actuarial advice using the
Projected Unit Credit \line \up0 \expndtw-8\charscalex100 Method. \par\pard\ql \
li2059\sb178\sl-218\slmult0 \up0 \expndtw-8\charscalex91 \ul0\nosupersub\cf1\f2\
fs19 vi) Compensated Absences \par\pard\qj \li2342\ri773\sb0\sl-240\slmult0 \up0
\expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 The Bank also makes provisi
on in the financial statements for its liabilities towards compensated absences.
Liability \up0 \expndtw-7\charscalex97 under the scheme is determined on the ba
sis of actuarial advice using the Projected Unit Credit Method. \par\pard\ql \li
2059\sb163\sl-218\slmult0 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs
19 vii) Other Post Retirement Benefits \par\pard\qj \li2342\ri776\sb1\sl-220\slm
ult0 \up0 \expndtw-6\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The scheme offers
a maximum of six months' benefits to executives retiring after completing 25 ye
ars of service. \up0 \expndtw-7\charscalex98 However in case of death of an exec
utive, the house rent benefit is paid for one year. Liability under the scheme i
s \up0 \expndtw-7\charscalex98 determined on the basis of actuarial advice using
the Projected Unit Credit Method. \par\pard\ql \li2059\sb0\sl-218\slmult0 \par\
pard\ql\li2059\sb24\sl-218\slmult0 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\
cf1\f2\fs19 Actuarial gain / loss \par\pard\qj \li2059\ri781\sb204\sl-240\slmult
0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Actuarial gain / los
s arise out of differences between actuarial assumptions and actual experience a
re recognized \up0 \expndtw-5\charscalex100 immediately in profit and loss. \par
\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb14\sl-218\slmult0\fi0\tx2059 \
up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 4.9\tab \up0 \expndtw-8\
charscalex93 Foreign currency\par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\q
l\li2059\sb12\sl-218\slmult0 \up0 \expndtw-8\charscalex92 Foreign currency trans
actions \par\pard\qj \li2059\ri778\sb217\sl-225\slmult0 \up0 \expndtw-6\charscal
ex100 \ul0\nosupersub\cf2\f3\fs19 Transactions in foreign currencies are transla
ted to Pakistani rupees at the exchange rates ruling on the transaction \up0 \ex
pndtw-7\charscalex98 date. Monetary assets and liabilities in foreign currencies
are expressed in rupee terms at the rates of exchange ruling \up0 \expndtw-7\ch
arscalex100 on the date of statement of financial position. The fair value of fo
rward cover taken from the SBP for foreign currency \up0 \expndtw-7\charscalex98
deposits is added / deducted from value of foreign currency deposits. Forward f
oreign exchange contracts and foreign \up0 \expndtw-7\charscalex98 bills purchas
ed are valued at forward rates applicable to their respective maturities. \par\p
ard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb3\sl-218\slmult0 \up0 \e
xpndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 Foreign operations \par\pard\q
j \li2059\sb0\sl-220\slmult0 \par\pard\qj\li2059\ri780\sb21\sl-220\slmult0 \up0
\expndtw-6\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The assets and liabilities
of foreign operations are translated to Pakistani rupees at exchange rates preva
iling at the \up0 \expndtw-7\charscalex97 date of statement of financial positio
n. The income and expense of foreign operations are translated at average rate o
f \up0 \expndtw-8\charscalex97 exchange for the year. \par\pard\ql \li2059\sb0\s
l-218\slmult0 \par\pard\ql\li2059\sb4\sl-218\slmult0 \up0 \expndtw-8\charscalex9
1 \ul0\nosupersub\cf1\f2\fs19 Translation gains and losses \par\pard\qj \li2059\
sb0\sl-220\slmult0 \par\pard\qj\li2059\ri782\sb21\sl-220\slmult0 \up0 \expndtw-7
\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Translation gains and losses are incl
uded in the profit and loss account, except those arising on the translation of
net \up0 \expndtw-7\charscalex97 investment in foreign operations i.e., foreign
branches which are taken to equity under "Exchange Translation Reserve" \up0 \ex
pndtw-8\charscalex97 and are recognized in profit or loss account on disposal. \
par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb24\sl-218\slmult0 \

up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 Commitments \par\pard\qj
\li2059\ri781\sb216\sl-226\slmult0 \up0 \expndtw-6\charscalex100 \ul0\nosupersu
b\cf2\f3\fs19 Commitments for outstanding forward foreign exchange contracts are
translated at forward rates applicable to their \line \up0 \expndtw-6\charscale
x100 respective maturities. Contingent liabilities / commitments for letters of
credit and letters of guarantee denominated \line \up0 \expndtw-7\charscalex98 i
n foreign currencies are expressed in rupee terms at the rates of exchange rulin
g on the date of statement of financial \line \up0 \expndtw-8\charscalex98 posit
ion. \par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstar
t Pg12}{\bkmkend Pg12}\par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb0\sl
-218\slmult0\par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb25\sl-218\slmu
lt0\fi0\tx2059 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 4.10\tab
\up0 \expndtw-8\charscalex93 Revenue recognition\par\pard\ql \li2059\sb0\sl-218
\slmult0 \par\pard\ql\li2059\sb6\sl-218\slmult0 \up0 \expndtw-8\charscalex92 Adv
ances and investments \par\pard\qj \li2059\ri779\sb216\sl-226\slmult0 \up0 \expn
dtw-7\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Income on advances is recognized
on a time proportion basis as per terms of contract. Debt security investments
are \up0 \expndtw-6\charscalex100 recognized on a time proportion basis that tak
es into account effective yield on the asset. Where debt securities are \up0 \ex
pndtw-6\charscalex100 purchased at a premium or discount, those premiums / disco
unts are amortized through the profit and loss account \up0 \expndtw-6\charscale
x100 over the remaining maturity, using the effective yield method. \par\pard\qj
\li2059\ri780\sb215\sl-226\slmult0 \up0 \expndtw-7\charscalex96 Interest or mar
k-up / profit recoverable on classified advances and investments is recognized o
n receipt basis. Interest / \up0 \expndtw-7\charscalex97 mark-up / profit on res
cheduled / restructured advances and investments is recognized as permitted by t
he regulations \up0 \expndtw-7\charscalex100 of SBP or overseas regulatory autho
rities of countries where the branches / companies operate, except where in the
\up0 \expndtw-7\charscalex100 opinion of the management it would not be prudent
to do so. \par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb3\sl-218
\slmult0 \up0 \expndtw-7\charscalex96 Dividend income from investments is recogn
ized when the right to receive is established. \par\pard\ql \li2059\sb0\sl-218\s
lmult0 \par\pard\ql\li2059\sb25\sl-218\slmult0 \up0 \expndtw-8\charscalex89 \ul0
\nosupersub\cf1\f2\fs19 Lease financing \par\pard\qj \li2059\ri778\sb217\sl-225\
slmult0 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Financing meth
od is used in accounting for income from lease financing. Under this method, the
unearned lease \line \up0 \expndtw-7\charscalex96 income (excess of the sum of
total lease rentals and estimated residual value over the cost of leased assets)
is deferred \line \up0 \expndtw-3\charscalex100 and taken to income over the te
rm of the lease period so as to produce a constant periodic rate of return on th
e \line \up0 \expndtw-7\charscalex100 outstanding net investment in lease. Repos
sessed vehicles on account of loan default are recorded in memorandum \line \up0
\expndtw-7\charscalex100 account. \par\pard\qj \li2059\sb0\sl-220\slmult0 \par\
pard\qj\li2059\ri781\sb20\sl-220\slmult0 \up0 \expndtw-5\charscalex100 Unrealize
d lease income is suspensed on classified leases, in accordance with the require
ments of the Prudential \up0 \expndtw-7\charscalex100 Regulations of the SBP. Ga
ins / losses on termination of lease contracts, documentation charges, front-end
fees and \up0 \expndtw-8\charscalex100 other lease income are recognized as inc
ome on receipt basis. \par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li205
9\sb4\sl-218\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 Mu
rabaha \par\pard\qj \li2059\sb0\sl-220\slmult0 \par\pard\qj\li2059\ri782\sb21\sl
-220\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 Murabaha t
ransactions are reflected as receivable at the invoiced amount. However, the pro
fit on that sale revenue not \up0 \expndtw-7\charscalex97 due for payment is def
erred by recording a credit to the "Deferred Murabaha Income" account. \par\pard
\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb4\sl-218\slmult0 \up0 \expn
dtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 Letters of credit and guarantees
\par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb25\sl-218\slmult0
\up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf2\f3\fs19 Commission on letters o
f credit and guarantees etc. is recognized on time proportion basis. \par\pard\q

l \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb5\sl-218\slmult0 \up0 \expndt
w-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 Customer Loyalty Programmes \par\pa
rd\qj \li2059\sb0\sl-220\slmult0 \par\pard\qj\li2059\ri783\sb21\sl-220\slmult0 \
up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The revenue from award
credits for loyalty points earned on use of various products of the Bank is meas
ured by \up0 \expndtw-7\charscalex95 reference to their fair value and is recogn
ised when award credits are redeemed. \par\pard\ql \li2059\sb0\sl-218\slmult0 \p
ar\pard\ql\li2059\sb4\sl-218\slmult0 \up0 \expndtw-8\charscalex92 \ul0\nosupersu
b\cf1\f2\fs19 Fee, Commission and Brokerage Income \par\pard\ql \li2059\sb0\sl-2
18\slmult0 \par\pard\ql\li2059\sb25\sl-218\slmult0 \up0 \expndtw-8\charscalex92
\ul0\nosupersub\cf2\f3\fs19 Fee, Commission and Brokerage income is recognized o
n accrual basis \par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb20\sl-218\
slmult0\fi0\tx2059 \up0 \expndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 4.11
\tab \up0 \expndtw-8\charscalex92 Taxation\par\pard\qj \li2059\sb0\sl-220\slmult
0 \par\pard\qj\li2059\ri781\sb6\sl-220\slmult0 \up0 \expndtw-4\charscalex100 \ul
0\nosupersub\cf2\f3\fs19 Income tax expense comprises current and deferred tax.
Income tax expense is recognized in the profit and loss \up0 \expndtw-4\charscal
ex100 account except to the extent that it relates to items recognized directly
in equity. \par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb4\sl-21
8\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 Current \par\
pard\qj \li2059\sb0\sl-220\slmult0 \par\pard\qj\li2059\ri781\sb21\sl-220\slmult0
\up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 Current taxation is th
e tax payable on taxable income earned from local as well as foreign operations
for the year using \line \up0 \expndtw-5\charscalex100 tax rates enacted at the
date of statement of financial position and, any adjustments to tax payable rela
ting to prior \line \up0 \expndtw-8\charscalex89 years. \par\pard\sect\sectd\fs2
4\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart Pg13}{\bkmkend Pg13}\par\pa
rd\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb0\sl-218\slmult0 \par\par
d\ql\li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb46\sl-218\slmult0 \up0 \exp
ndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 Deferred \par\pard\qj \li2059\ri
9 Deferred tax is recognized using the balance sheet liability method on all tem
porary differences between the amounts \line \up0 \expndtw-3\charscalex100 attri
buted to the assets and liabilities for financial reporting purposes and amounts
used for taxation purposes. \line \up0 \expndtw-6\charscalex100 Deferred tax is
not recognized on differences relating to investments in subsidiaries to the ex
tent that they probably \line \up0 \expndtw-7\charscalex100 will not reverse in
the foreseeable future. Deferred tax is measured at the tax rates that are expec
ted to be applied to \line \up0 \expndtw-7\charscalex100 the temporary differenc
es when they reverse, based on the laws that have been enacted or substantively
enacted at \line \up0 \expndtw-8\charscalex100 the reporting date. \par\pard\qj
\li2059\sb0\sl-220\slmult0 \par\pard\qj\li2059\ri846\sb20\sl-220\slmult0 \up0 \e
xpndtw-4\charscalex100 A deferred tax asset is recognized only to the extent tha
t it is probable that future taxable profits will be available \up0 \expndtw-8\c
harscalex94 against which the asset can be utilized. \par\pard\li1598\sb0\sl-218
\slmult0\par\pard\li1598\sb20\sl-218\slmult0\fi0\tx2059 \up0 \expndtw-8\charscal
ex96 \ul0\nosupersub\cf1\f2\fs19 4.12\tab \up0 \expndtw-8\charscalex96 Impairmen
t\par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb9\sl-218\slmult0
\up0 \expndtw-8\charscalex94 i) Available for sale equity securities \par\pard\q
j \li2059\ri845\sb217\sl-225\slmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupers
ub\cf2\f3\fs19 The Bank determines that available-for-sale equity investments ar
e impaired when there has been a significant or \line \up0 \expndtw-4\charscalex
100 prolonged decline in the fair value below its cost. This determination of wh
at is significant or prolonged requires \line \up0 \expndtw-6\charscalex100 judg
ment. In making this judgment, the Bank evaluates among other factors, the norma
l volatility in share price. In \line \up0 \expndtw-2\charscalex100 addition, im
pairment may be appropriate when there is evidence of deterioration in the finan
cial health of the \line \up0 \expndtw-7\charscalex96 investee, industry and sec
tor performance, changes in technology and operational and financing cash flows.
\par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb23\sl-218\slmult0

\up0 \expndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 ii) Impairment in asso
ciates and subsidiaries \par\pard\qj \li2059\ri845\sb217\sl-225\slmult0 \up0 \ex
pndtw-7\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The Bank considers that the de
cline in the recoverable value of the investment in associates and subsidiaries
below \up0 \expndtw-7\charscalex96 their cost may be evidence of impairment. R
ecoverable value is calculated as the higher of fair value less costs to sell \u
p0 \expndtw-7\charscalex97 and value in use. An impairment loss is recognized wh
en the recoverable amount falls below the carrying value and is \up0 \expndtw-5\
charscalex100 charged to the profit and loss account. Subsequent reversal of imp
airment loss, upto the cost of the investment in \up0 \expndtw-7\charscalex95 as
sociates and subsidiaries, is credited to the profit and loss account. \par\pard
\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb3\sl-218\slmult0 \up0 \expn
dtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 iii) Impairment in non-financial
assets \par\pard\qj \li2059\sb0\sl-223\slmult0 \par\pard\qj\li2059\ri845\sb15\sl
-223\slmult0 \up0 \expndtw-6\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The carry
ing amount of the Bank's assets (other than deferred tax asset) are reviewed at
each date of statement of \up0 \expndtw-7\charscalex98 financial position to det
ermine whether there is any indication of impairment. If such indication exists,
the recoverable \up0 \expndtw-7\charscalex96 amount of the relevant asset is es
timated. An impairment loss is recognized whenever the carrying amount of an ass
et \up0 \expndtw-7\charscalex96 exceeds its recoverable amount. Impairment losse
s are recognized in profit and loss account except for an impairment \up0 \expnd
tw-5\charscalex100 loss on revalued assets which is adjusted against the related
revaluation surplus to the extent that the impairment \up0 \expndtw-5\charscale
x100 loss does not the exceed the revaluation surplus. An impairment loss is rev
ersed if the reversal can be objectively \up0 \expndtw-5\charscalex100 related t
o an event occurring after the impairment loss was recognized. \par\pard\ql \li1
598\sb0\sl-218\slmult0 \par\pard\ql\li1598\sb4\sl-218\slmult0\tx2059 \up0 \expnd
tw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 4.13 \tab \up0 \expndtw-8\charscal
ex93 Provision for guarantee claim \par\pard\qj \li2059\sb0\sl-220\slmult0 \par\
pard\qj\li2059\ri845\sb21\sl-220\slmult0 \up0 \expndtw-6\charscalex100 \ul0\nosu
persub\cf2\f3\fs19 Provision for guarantee claim is recognized when intimated an
d reasonable certainty exists that the Bank will settle \up0 \expndtw-7\charscal
ex96 the obligation. Expected recoveries are recognized by debiting customer\u82
17?s account. Charge to profit and loss account is \up0 \expndtw-8\charscalex96
stated net of expected recoveries. \par\pard\ql \li1598\sb0\sl-218\slmult0 \par\
pard\ql\li1598\sb24\sl-218\slmult0\tx2059 \up0 \expndtw-8\charscalex100 \ul0\nos
upersub\cf1\f2\fs19 4.14 \tab \up0 \expndtw-8\charscalex93 Other provisions \par
\pard\qj \li2059\ri845\sb216\sl-226\slmult0 \up0 \expndtw-7\charscalex96 \ul0\no
supersub\cf2\f3\fs19 Other provisions are recognized when the Bank has a legal o
r constructive obligation as a result of past events and it is \line \up0 \expnd
tw-6\charscalex100 probable that outflow of resources will be required to settle
the obligation and a reliable estimate of the amount can \line \up0 \expndtw-4\
charscalex100 be made. Provisions are reviewed at each date of statement of fina
ncial position and are adjusted to reflect the \line \up0 \expndtw-8\charscalex9
6 current best estimate. \par\pard\li1598\sb0\sl-218\slmult0\par\pard\li1598\sb1
1\sl-218\slmult0\fi0\tx2059 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\
fs19 4.15\tab \up0 \expndtw-8\charscalex96 Off setting\par\pard\qj \li2059\sb0\s
l-220\slmult0 \par\pard\qj\li2059\ri849\sb13\sl-220\slmult0 \up0 \expndtw-6\char
scalex100 \ul0\nosupersub\cf2\f3\fs19 Financial assets and financial liabilities
are set-off and the net amount is reported in these unconsolidated financial \u
p0 \expndtw-7\charscalex100 statements when there is a legally enforceable right
to set-off and the Bank intends either to settle on a net basis, or \up0 \expnd
tw-8\charscalex100 to realize the assets and to settle the liabilities simultane
ously. \par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkst
art Pg14}{\bkmkend Pg14}\par\pard\ql \li1598\sb0\sl-218\slmult0 \par\pard\ql\li1
598\sb0\sl-218\slmult0 \par\pard\ql\li1598\sb0\sl-218\slmult0 \par\pard\ql\li159
8\sb46\sl-218\slmult0 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 4
.16 Financial Assets and Liabilities \par\pard\qj \li2059\ri912\sb196\sl-226\sl
mult0 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Financial instru

ments carried on the statement of financial position include cash and bank balan
ces, lending to \up0 \expndtw-7\charscalex100 financial institutions, investment
s, advances, certain receivables, bills payable, borrowings, deposits, sub-ordin
ated \up0 \expndtw-5\charscalex100 loans and certain other payables. The particu
lar recognition methods adopted for significant financial assets and \up0 \expnd
tw-6\charscalex100 financial liabilities are disclosed in the relevant policy no
tes. \par\pard\ql \li1598\sb201\sl-218\slmult0 \up0 \expndtw-8\charscalex96 \ul0
\nosupersub\cf1\f2\fs19 4.17 Derivative financial instruments \par\pard\qj \li2
059\ri1013\sb196\sl-226\slmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf
2\f3\fs19 Derivative financial instruments are initially recognized at fair valu
e on the date on which a derivative contract is \line \up0 \expndtw-3\charscalex
100 entered into and are subsequently remeasured at their fair value using valua
tion techniques. All the derivative \line \up0 \expndtw-7\charscalex96 financial
instruments are carried as an asset when the fair value is positive and liabili
ty when the fair value is negative. \line \up0 \expndtw-7\charscalex96 Any chang
e in the fair value of derivative financial instruments is taken directly to the
profit and loss account. \par\pard\ql \li1598\sb201\sl-218\slmult0 \up0 \expndt
w-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 4.18 Dividend distribution \par\pa
rd\qj \li2059\ri912\sb184\sl-240\slmult0 \up0 \expndtw-6\charscalex100 \ul0\nosu
persub\cf2\f3\fs19 Declarations of dividend to holders of the equity instruments
of the Bank are recognised as liability in the period in \up0 \expndtw-7\charsc
alex100 which it is approved. \par\pard\ql \li1598\sb199\sl-218\slmult0 \up0 \ex
pndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 4.19 Earnings per share \par\p
ard\qj \li2059\ri845\sb193\sl-230\slmult0 \up0 \expndtw-7\charscalex98 \ul0\nosu
persub\cf2\f3\fs19 The Bank presents basic and diluted earnings per share (EPS).
Basic and diluted earnings per share is calculated by \up0 \expndtw-4\charscale
x100 dividing profit for the year attributable to equityholders of the Bank by t
he weighted average number of ordinary \up0 \expndtw-8\charscalex95 shares outst
anding during the year. \par\pard\ql \li1598\sb200\sl-218\slmult0 \up0 \expndtw8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 4.20 Share issuance cost \par\pard\q
j \li2059\sb0\sl-220\slmult0 \par\pard\qj\li2059\ri846\sb1\sl-220\slmult0 \up0 \
expndtw-6\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Share issuance cost directly
attributable to issuance of shares, is recognized as deduction from the share p
remium \line \up0 \expndtw-7\charscalex100 account. \par\pard\ql \li1598\sb202\s
l-218\slmult0\tx2059 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 4.
21 \tab \up0 \expndtw-8\charscalex94 Segment reporting \par\pard\qj \li2059\ri84
A segment is a distinguishable component of the Bank that is engaged in providi
ng product or services (business \up0 \expndtw-5\charscalex100 segment), or in p
roviding products or services within a particular economic environment (geograph
ical segment), \up0 \expndtw-6\charscalex100 which is subject to risks and rewar
ds that are different from those of other segments. The Bank's primary format of
\up0 \expndtw-8\charscalex92 reporting is based on business segments. \par\pard
\ql \li2059\sb201\sl-218\slmult0 \up0 \expndtw-8\charscalex88 \ul0\nosupersub\cf
1\f2\fs19 Business segments \par\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql
fs19 - \ul0\nosupersub\cf8\f9\fs19 Retail Banking \par\pard\qj \li2342\ri844\s
b201\sl-220\slmult0 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf2\f3\fs19 Con
sists of retail lending, deposits and banking services to private individuals an
d small businesses including credit \line \up0 \expndtw-8\charscalex88 cards. \p
ar\pard\ql \li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb4\sl-218\slmult0 \up
0 \expndtw-8\charscalex96 - \ul0\nosupersub\cf8\f9\fs19 Corporate / Commercial
Banking \par\pard\qj \li2342\ri840\sb201\sl-220\slmult0 \up0 \expndtw-4\charsca
lex100 \ul0\nosupersub\cf2\f3\fs19 Consists of lendings for project finance, tra
de finance, corporate and commercial customers and investment \line \up0 \expndt
w-7\charscalex98 banking, includes advices and placements to corporate mergers a
nd acquisitions, underwriting, privatizations and \line \up0 \expndtw-8\charscal
ex98 securitization. \par\pard\ql \li2059\sb202\sl-218\slmult0 \up0 \expndtw-7\c
harscalex100 - \ul0\nosupersub\cf8\f9\fs19 Treasury \par\pard\qj \li2059\ri281
6\sb56\sl-420\slmult0\fi283 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf2\f3\

fs19 Involves the businesses of proprietary trading, fixed income, equity and fo
reign exchanges. \up0 \expndtw-8\charscalex96 - \ul0\nosupersub\cf8\f9\fs19 In
ternational Banking Group \par\pard\qj \li2059\ri1369\sb0\sl-440\slmult0\fi283 \
up0 \expndtw-7\charscalex95 \ul0\nosupersub\cf2\f3\fs19 It represents Bank's ope
rations in 25 countries and is considered a separate segment for monitoring purp
oses. \up0 \expndtw-8\charscalex95 - \ul0\nosupersub\cf8\f9\fs19 Head Office \
par\pard\qj \li2342\ri841\sb166\sl-220\slmult0 \up0 \expndtw-5\charscalex100 \ul
0\nosupersub\cf2\f3\fs19 This includes balances held at Head Office level for re
gulatory requirements or other operational reasons and \line \up0 \expndtw-6\cha
rscalex100 business segments not shown separately. This also includes some non p
erforming loans not managed by other \line \up0 \expndtw-6\charscalex100 busines
s segments, statutory liquidity and shareholders equity related balances and the
ir associated cost / income. \par\pard\sect\sectd\fs24\paperw12240\paperh15840\p
ard\sb0\sl-240{\bkmkstart Pg15}{\bkmkend Pg15}\par\pard\ql \li2059\sb0\sl-218\sl
mult0 \par\pard\ql\li2059\sb0\sl-218\slmult0 \par\pard\ql\li2059\sb0\sl-218\slmu
lt0 \par\pard\ql\li2059\sb46\sl-218\slmult0 \up0 \expndtw-8\charscalex92 \ul0\no
supersub\cf1\f2\fs19 Geographical segments \par\pard\ql \li2059\ri3160\sb36\sl-4
20\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 The Bank ope
rates in following geographic regions: \line \up0 \expndtw-8\charscalex93 - Paki
stan \par\pard\ql \li2059\ri3753\sb21\sl-420\slmult0 \up0 \expndtw-8\charscalex9
4 - Asia Pacific (including South Asia) \line \up0 \expndtw-8\charscalex91 - Eur
ope \par\pard\ql \li2059\ri4469\sb0\sl-430\slmult0 \up0 \expndtw-7\charscalex100
- North America \line \up0 \expndtw-8\charscalex94 - Middle East \line \up0 \ex
pndtw-8\charscalex95 - Others\par\pard\sect\sectd\sbknone\cols3\colno1\colw7615\
colsr160\colno2\colw902\colsr160\colno3\colw3273\colsr160\ql \li1670\sb0\sl-218\
slmult0 \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \li1670\sb0\sl-218\
slmult0 \par\pard\ql \li1670\sb211\sl-218\slmult0\tx2097 \up0 \expndtw-8\charsca
lex92 \ul0\nosupersub\cf1\f2\fs19 5.\tab \up0 \expndtw-8\charscalex91 CASH AND B
ALANCES WITH TREASURY BANKS\par\pard\ql \li2102\sb0\sl-218\slmult0 \par\pard\ql
fs19 In hand including National Prize Bonds\par\pard\ql \li2337\sb9\sl-218\slmul
t0 \up0 \expndtw-8\charscalex93 Local currency\par\pard\ql \li2337\sb8\sl-218\sl
mult0 \up0 \expndtw-8\charscalex93 Foreign currency\par\pard\ql \li2102\sb0\sl-2
18\slmult0 \par\pard\ql \li2102\sb0\sl-218\slmult0 \par\pard\ql \li2102\sb34\sl218\slmult0 \up0 \expndtw-8\charscalex95 With State Bank of Pakistan in\par\pard
\ql \li2337\sb23\sl-218\slmult0 \up0 \expndtw-8\charscalex95 Local currency curr
ent account\par\pard\ql \li2337\sb8\sl-218\slmult0 \up0 \expndtw-8\charscalex95
Foreign currency current account\par\pard\ql \li2337\sb4\sl-218\slmult0 \up0 \ex
pndtw-8\charscalex95 Foreign currency deposit account\par\pard\ql \li2102\sb0\sl
-218\slmult0 \par\pard\ql \li2102\sb0\sl-218\slmult0 \par\pard\ql \li2102\sb33\s
l-218\slmult0 \up0 \expndtw-8\charscalex96 With other Central Banks in\par\pard\
ql \li2337\sb19\sl-218\slmult0 \up0 \expndtw-8\charscalex95 Foreign currency cur
rent account\par\pard\ql \li2337\sb8\sl-218\slmult0 \up0 \expndtw-8\charscalex95
Foreign currency deposit account\par\pard\ql \li2102\sb0\sl-218\slmult0 \par\pa
rd\ql \li2102\sb0\sl-218\slmult0 \par\pard\ql \li2102\sb34\sl-218\slmult0 \up0 \
expndtw-8\charscalex96 With National Bank of Pakistan in\par\pard\ql \li2337\sb8
\sl-218\slmult0 \up0 \expndtw-8\charscalex95 Local currency current account\par\
pard\column \ql \li7963\sb0\sl-218\slmult0 \par\pard\ql \li208\sb201\sl-218\slmu
lt0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf1\f2\fs19 Note\par\pard\ql \
li7775\sb0\sl-218\slmult0 \par\pard\ql \li7775\sb0\sl-218\slmult0 \par\pard\ql \
li7775\sb0\sl-218\slmult0 \par\pard\ql \li294\sb168\sl-218\slmult0 \up0 \expndtw
-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 5.2\par\pard\ql \li21\sb153\sl-218\s
lmult0 \up0 \expndtw-8\charscalex93 5.1 / 5.3\par\pard\ql \li7775\sb0\sl-218\slm
ult0 \par\pard\ql \li7775\sb0\sl-218\slmult0 \par\pard\ql \li7775\sb0\sl-218\slm
ult0 \par\pard\ql \li21\sb166\sl-218\slmult0 \up0 \expndtw-8\charscalex93 5.1 /
5.4\par\pard\column \ql \li9004\sb0\sl-218\slmult0 \par\pard\ql \li197\sb201\sl-
218\slmult0\tx1522 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 201

2\tab \up0 \expndtw-8\charscalex93 2011\par\pard\ql \li413\sb4\sl-218\slmult0 \u
p0 \expndtw-8\charscalex96 (Rupees in '000)\par\pard\ql \li8904\sb0\sl-218\slmul
t0 \par\pard\ql \li8904\sb0\sl-218\slmult0 \par\pard\ql \li8904\sb0\sl-218\slmul
t0 \par\pard\ql \li97\sb27\sl-218\slmult0\tx1422 \up0 \expndtw-8\charscalex97 \u
l0\nosupersub\cf2\f3\fs19 20,759,209\tab \up0 \expndtw-8\charscalex96 14,734,633
\par\pard\ql \li212\sb8\sl-218\slmult0\tx1561 \up0 \expndtw-8\charscalex95 3,241
,284\tab \up0 \expndtw-8\charscalex90 2,112,234\par\pard\ql \li68\sb23\sl-218\sl
mult0\tx1412 \up0 \expndtw-6\charscalex100 24,000,493\tab \up0 \expndtw-8\charsc
alex97 16,846,867\par\pard\ql \li8899\sb0\sl-218\slmult0 \par\pard\ql \li8899\sb
0\sl-218\slmult0 \par\pard\ql \li92\sb34\sl-218\slmult0\tx1402 \up0 \expndtw-8\c
harscalex100 33,564,976\tab \up0 \expndtw-8\charscalex100 32,539,366\par\pard\ql
\li183\sb8\sl-218\slmult0\tx1508 \up0 \expndtw-7\charscalex100 4,996,232\tab \u
p0 \expndtw-8\charscalex97 3,369,553\par\pard\ql \li101\sb4\sl-218\slmult0\tx144
1 \up0 \expndtw-8\charscalex96 14,953,636\tab \up0 \expndtw-8\charscalex93 10,13
8,523\par\pard\ql \li97\sb18\sl-218\slmult0\tx1388 \up0 \expndtw-8\charscalex97
53,514,844\tab \up0 \expndtw-6\charscalex100 46,047,442\par\pard\ql \li8884\sb0\
sl-218\slmult0 \par\pard\ql \li8884\sb0\sl-218\slmult0 \par\pard\ql \li77\sb34\s
l-218\slmult0\tx1446 \up0 \expndtw-7\charscalex100 45,393,834\tab \up0 \expndtw8\charscalex93 15,163,289\par\pard\ql \li125\sb8\sl-218\slmult0\tx1436 \up0 \exp
ard\ql \li145\sb23\sl-218\slmult0\tx1469 \up0 \expndtw-8\charscalex91 59,117,339
\tab \up0 \expndtw-8\charscalex90 25,511,146\par\pard\ql \li8942\sb0\sl-218\slmu
lt0 \par\pard\ql \li8942\sb0\sl-218\slmult0 \par\pard\ql \li135\sb19\sl-218\slmu
lt0\tx1446 \up0 \expndtw-8\charscalex92 15,691,749\tab \up0 \expndtw-8\charscale
x93 14,674,621\par\pard\ql \li20\sb23\sl-218\slmult0\tx1306 \up0 \expndtw-8\char
scalex95 152,324,425\tab \up0 \expndtw-8\charscalex100 103,080,076 \par\pard\sec
t\sectd\sbknone \li1670\sb0\sl-218\slmult0\par\pard\li1670\sb55\sl-218\slmult0\f
i0\tx2102 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 5.1\tab \up0
\expndtw-7\charscalex95 \ul0\nosupersub\cf2\f3\fs19 The above balances include r
emunerative accounts amounting to Rs. 62,144.813 million (2011: 25,575.353 milli
on).\par\pard\sect\sectd\sbknone \li1670\sb0\sl-218\slmult0\par\pard\li1670\sb16
\sl-218\slmult0\fi0\tx2102 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\f
s19 5.2\tab \up0 \expndtw-7\charscalex95 \ul0\nosupersub\cf2\f3\fs19 This repres
ents current accounts maintained for Cash Reserve Requirement of SBP.\par\pard\q
l \li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb7\sl-218\slmult0\tx2102 \up0
\expndtw-6\charscalex100 \ul0\nosupersub\cf1\f2\fs19 5.3 \tab \up0 \expndtw-7\ch
arscalex96 \ul0\nosupersub\cf2\f3\fs19 This represents deposit accounts maintain
ed for Special Cash Reserve Requirement of SBP and US Dollar Settlement \par\par
d\ql \li2102\sb3\sl-218\slmult0 \up0 \expndtw-7\charscalex96 account maintained
with the SBP. This carries mark-up at the annual rate of 0% (2011: 0%). \par\par
d\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb25\sl-218\slmult0\tx2102 \
up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf1\f2\fs19 5.4 \tab \up0 \expndtw3\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Balances held with the Central Banks
of respective countries in accordance with the requirements of the local \par\p
ard\qj \li2102\ri843\sb1\sl-220\slmult0 \up0 \expndtw-7\charscalex100 statutory
/ regulatory requirements. Since, the Bank operates in different countries, thes
e carry varied mark-up rates \up0 \expndtw-8\charscalex100 as given by the Centr
al Banks of respective countries.
}
}}
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}}
\sn geoRight}{\sv 134}}{\sp{\sn geoBottom}{\sv 353}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;15;(134,0);(89,8);(74,18);(67,28);(67,148);(62,158);(
48,168);(0,176);(48,186);(62,195);(67,205);(67,325);(74,336);(89,345);(134,353)}
}
{\sp{\sn pSegmentInfo}{\sv 2;31;16384;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;3276
8}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 11543}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume
nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}
{\sp{\sn pVerticies}{\sv 8;15;(133,0);(87,10);(72,21);(65,35);(65,173);(61,186);
(46,197);(0,207);(46,216);(61,227);(65,240);(65,380);(72,393);(87,403);(133,413)
}}
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;3276
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g16}{\bkmkend Pg16}\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-21
\fi6288\tx9000\tx10324 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19
Note\tab \up0 \expndtw-8\charscalex95 2012\tab \up0 \expndtw-8\charscalex95 2011
\par\pard\li1670\sb9\sl-218\slmult0\fi0\tx2102\tx9216 \up0 \expndtw-8\charscalex
95 6.\tab \up0 \expndtw-8\charscalex95 BALANCES WITH OTHER BANKS\tab \up0 \expnd
tw-8\charscalex95 (Rupees in '000)\par\pard\li1670\sb0\sl-218\slmult0\par\pard\l
i1670\sb11\sl-218\slmult0\fi431 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2
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0 \expndtw-8\charscalex95 On current account\tab \up0 \expndtw-8\charscalex95 28
8,510\tab \up0 \expndtw-8\charscalex95 730,091\par\pard\li1670\sb4\sl-218\slmult
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02\sb23\sl-218\slmult0\fi7041\tx10473 \up0 \expndtw-8\charscalex95 690,792\tab \
up0 \expndtw-8\charscalex95 730,091\par\pard\li2102\sb0\sl-218\slmult0\par\pard\
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dtw-8\charscalex95 5,605,490\tab \up0 \expndtw-8\charscalex95 2,394,040\par\pard
\li2102\sb4\sl-218\slmult0\fi235\tx8980\tx10252 \up0 \expndtw-8\charscalex95 On
deposit account\tab \up0 \expndtw-8\charscalex95 17,611,252\tab \up0 \expndtw-8\
charscalex95 31,861,678\par\pard\li8899\sb23\sl-218\slmult0\fi33\tx10243 \up0 \e
xpndtw-8\charscalex96 23,216,742\tab \up0 \expndtw-8\charscalex96 34,255,718\par
\pard\li8899\sb23\sl-218\slmult0\fi0\tx10185 \up0 \expndtw-8\charscalex96 23,907
,534\tab \up0 \expndtw-8\charscalex96 34,985,809\par\pard\li1670\sb0\sl-218\slmu
lt0\par\pard\li1670\sb54\sl-218\slmult0\fi0\tx2102 \up0 \expndtw-7\charscalex100
\ul0\nosupersub\cf1\f2\fs19 6.1\tab \up0 \expndtw-6\charscalex100 \ul0\nosupers
ub\cf2\f3\fs19 This includes remunerative current account balance amounting to R
s. 743.075 million (2011: Rs. 32.866 million).\par\pard\li1670\sb4\sl-218\slmult
0\fi431 \up0 \expndtw-6\charscalex100 Since, the Bank operates in different coun
tries, these carry varied mark-up rates as given by the external banks of\par\pa
rd\li1670\sb9\sl-218\slmult0\fi431 \up0 \expndtw-7\charscalex100 respective coun
tries.\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par
\pard\li1670\sb19\sl-218\slmult0\fi6288\tx9000\tx10324 \up0 \expndtw-8\charscale
x95 \ul0\nosupersub\cf1\f2\fs19 Note\tab \up0 \expndtw-8\charscalex95 2012\tab \
up0 \expndtw-8\charscalex95 2011\par\pard\li1670\sb8\sl-218\slmult0\fi0\tx2102\t
x9216 \up0 \expndtw-8\charscalex95 7.\tab \up0 \expndtw-8\charscalex95 LENDINGS
TO FINANCIAL INSTITUTIONS\tab \up0 \expndtw-8\charscalex95 (Rupees in '000)\par\
pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb12\sl-218\slmult0\fi0\tx2102 \u
p0 \expndtw-8\charscalex95 7.1\tab \up0 \expndtw-8\charscalex95 In local currenc
y\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb16\sl-218\slmult0\fi431\t
x7992\tx8976\tx10305 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 Ca
ll money lendings\tab \up0 \expndtw-8\charscalex95 7.2.1\tab \up0 \expndtw-8\cha
rscalex95 6,780,000\tab \up0 \expndtw-8\charscalex95 1,450,000\par\pard\li1670\s
b9\sl-218\slmult0\fi431\tx8049\tx8904\tx10233 \up0 \expndtw-8\charscalex95 Repur
chase agreement lendings (reverse repo)\tab \up0 \expndtw-8\charscalex95 7.2\tab
\up0 \expndtw-8\charscalex95 18,048,255\tab \up0 \expndtw-8\charscalex95 40,131
,029\par\pard\li8894\sb18\sl-218\slmult0\fi0\tx10238 \up0 \expndtw-8\charscalex9
6 24,828,255\tab \up0 \expndtw-8\charscalex96 41,581,029\par\pard\li1670\sb0\sl195\slmult0\par\pard\li1670\sb0\sl-195\slmult0\par\pard\li1670\sb0\sl-195\slmult
0\par\pard\li1670\sb110\sl-195\slmult0\fi3729\tx6988\tx9633 \up0 \expndtw-7\char
scalex94 \ul0\nosupersub\cf3\f4\fs17 Note\tab \up0 \expndtw-7\charscalex94 2012\
tab \up0 \expndtw-7\charscalex94 2011\par\pard\li1670\sb27\sl-218\slmult0\fi0\tx
f1\f2\fs19 7.2 Securities held as collateral\tab \up0 \expndtw-7\charscalex94
\ul0\nosupersub\cf3\f4\fs17 Held by
Further\tab \up0 \expndtw-7\charscalex
94 Total\tab \up0 \expndtw-7\charscalex94 Held by\tab \up0 \expndtw-7\charscalex
94 Further\tab \up0 \expndtw-7\charscalex94 Total\par\pard\li1670\sb8\sl-218\slm
ult0\fi446\tx6144\tx6849\tx8774\tx9513 \dn2 \expndtw-8\charscalex94 \ul0\nosuper
sub\cf1\f2\fs19 against lendings to financial\tab \up0 \expndtw-7\charscalex94 \
ul0\nosupersub\cf3\f4\fs17 bank\tab \up0 \expndtw-7\charscalex94 given as\tab \u
p0 \expndtw-7\charscalex94 bank\tab \up0 \expndtw-7\charscalex94 given as\par\pa
rd\li1670\sb4\sl-218\slmult0\fi446\tx6830\tx9494 \dn2 \expndtw-8\charscalex94 \u
l0\nosupersub\cf1\f2\fs19 institutions\tab \up0 \expndtw-7\charscalex94 \ul0\nos
upersub\cf3\f4\fs17 collateral\tab \up0 \expndtw-7\charscalex94 collateral\par\p
ard\li2116\sb9\sl-195\slmult0\fi3878 \up0 \expndtw-4\charscalex100 -------------------------- (Rupees in '000) ------------------------------\par\pard\li2116\s
b0\sl-195\slmult0\par\pard\li2116\sb9\sl-195\slmult0\fi0\tx5428\tx5923\tx7094\tx
7660\tx9753\tx10286 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf4\f5\fs17 Ma
rket treasury bills\tab \dn3 \expndtw-5\charscalex100 7.2.1\tab \up0 \expndtw-5\
charscalex100 15,763,590\tab \up0 \expndtw-5\charscalex100 -\tab \up0 \expndtw-5
\charscalex100 15,763,590 38,058,870\tab \up0 \expndtw-5\charscalex100 -\tab \u
p0 \expndtw-5\charscalex100 38,058,870\par\pard\li2116\sb12\sl-195\slmult0\fi0\t
x5985\tx7094\tx7723\tx8664\tx9753\tx10420 \up0 \expndtw-5\charscalex100 Pakistan
investment bonds\tab \up0 \expndtw-5\charscalex100 2,284,665\tab \up0 \expndtw5\charscalex100 -\tab \up0 \expndtw-5\charscalex100 2,284,665\tab \up0 \expndtw5\charscalex100 2,072,159\tab \up0 \expndtw-5\charscalex100 -\tab \up0 \expndtw-
5\charscalex100 2,072,159\par\pard\li5908\sb22\sl-195\slmult0\fi0\tx7094\tx7646\
tx8563\tx9753\tx10324 \up0 \expndtw-7\charscalex95 18,048,255\tab \up0 \expndtw7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 18,048,255\tab \up0 \expndtw-7
\charscalex95 40,131,029\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\
charscalex95 40,131,029\par\pard\qj \li1670\sb0\sl-220\slmult0 \par\pard\qj\li16
70\sb0\sl-220\slmult0 \par\pard\qj\li1670\ri835\sb13\sl-220\slmult0\tx2116 \up0
\expndtw-4\charscalex100 \ul0\nosupersub\cf1\f2\fs19 7.2.1 \ul0\nosupersub\cf2\f
3\fs19 Market value of securities held as collateral against lendings to financi
al institutions as at December 31, 2012 \line\tab \up0 \expndtw-4\charscalex10
0 amounted to Rs. 18,095.918 million (2011: Rs. 40,253.648 million). These carry
mark-up rates ranging from 7.0% to \par\pard\qj \li2116\ri840\sb0\sl-220\slmult
0 \up0 \expndtw-7\charscalex98 9.75% per annum (2011: 12.15% to 13.10% per annum
) and 6.5% to 9.5% per annum (2011: 11.25% to 13.40% per \up0 \expndtw-7\charsca
lex98 annum) for call money lendings and repurchase agreement lendings respectiv
ely.
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
g17}{\bkmkend Pg17}\par\pard\sect\sectd\sbknone\cols2\colno1\colw5594\colsr60\co
lno2\colw6446\colsr160\ql \li1358\sb0\sl-195\slmult0 \par\pard\ql \li1358\sb0\sl
-195\slmult0 \par\pard\ql \li1358\sb0\sl-195\slmult0 \par\pard\ql \li5083\sb90\s
l-195\slmult0 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf3\f4\fs17 Note\par
\pard\ql \li1358\sb22\sl-218\slmult0\tx1799 \up0 \expndtw-7\charscalex100 \ul0\n
osupersub\cf1\f2\fs19 8.\tab \up0 \expndtw-8\charscalex93 INVESTMENTS\par\pard\q
l \li1358\sb0\sl-218\slmult0 \par\pard\ql \li1358\sb194\sl-218\slmult0\tx1799 \u
p0 \expndtw-8\charscalex95 8.1\tab \up0 \expndtw-8\charscalex94 Investments by t
ype\par\pard\ql \li1804\sb143\sl-195\slmult0 \up0 \expndtw-7\charscalex93 \ul0\n
osupersub\cf3\f4\fs17 Held for Trading securities (HFT)\par\pard\ql \li1804\sb13
7\sl-195\slmult0 \up0 \expndtw-7\charscalex90 \ul0\nosupersub\cf9\f10\fs17 Feder
al Government Securities\par\pard\ql \li1848\sb22\sl-195\slmult0 \up0 \expndtw-7
\charscalex96 \ul0\nosupersub\cf4\f5\fs17 - Pakistan Investment Bonds\par\pard\q
l \li1848\sb13\sl-195\slmult0 \up0 \expndtw-7\charscalex97 - Market Treasury Bil
ls\par\pard\ql \li1804\sb113\sl-195\slmult0 \up0 \expndtw-7\charscalex89 \ul0\no
supersub\cf9\f10\fs17 Fully paid-up ordinary shares\par\pard\ql \li1848\sb12\sl195\slmult0 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf4\f5\fs17 - Listed co
mpanies\par\pard\ql \li1804\sb123\sl-195\slmult0 \up0 \expndtw-7\charscalex89 \u
l0\nosupersub\cf9\f10\fs17 Overseas Government Securities\par\pard\ql \li1804\sb
113\sl-195\slmult0 \up0 \expndtw-7\charscalex91 Debentures and Corporate Debt In
struments / Units\par\pard\ql \li1804\sb13\sl-195\slmult0 \up0 \expndtw-6\charsc
alex100 - \ul0\nosupersub\cf4\f5\fs17 Unlisted securities\par\pard\ql \li1804\s
b0\sl-195\slmult0 \par\pard\ql \li1804\sb139\sl-195\slmult0\tx5150 \up0 \expndtw
-7\charscalex100 \ul0\nosupersub\cf3\f4\fs17 Held-to-maturity securities (HTM)\t
ab \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf4\f5\fs17 8.4\par\pard\ql \li
1804\sb118\sl-195\slmult0 \up0 \expndtw-7\charscalex90 \ul0\nosupersub\cf9\f10\f
s17 Federal Government Securities\par\pard\ql \li1848\sb161\sl-195\slmult0\tx485
2 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf4\f5\fs17 - Pakistan Investment
Bonds\tab \up0 \expndtw-7\charscalex100 8.8 / 8.10\par\pard\ql \li1804\sb118\sl
-195\slmult0 \up0 \expndtw-7\charscalex91 \ul0\nosupersub\cf9\f10\fs17 Debenture
s and Corporate Debt Instruments / Units\par\pard\ql \li1848\sb7\sl-195\slmult0
\up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf4\f5\fs17 - Listed securities\par
\pard\ql \li1848\sb8\sl-195\slmult0 \up0 \expndtw-6\charscalex100 - Unlisted sec
urities\par\pard\ql \li1804\sb118\sl-195\slmult0 \up0 \expndtw-7\charscalex89 \u
l0\nosupersub\cf9\f10\fs17 Overseas Government securities\par\pard\ql \li1804\sb
0\sl-195\slmult0 \par\pard\ql \li1804\sb34\sl-195\slmult0 \up0 \expndtw-7\charsc
alex93 \ul0\nosupersub\cf3\f4\fs17 Available-for-sale Securities (AFS)\par\pard\
ql \li1804\sb137\sl-195\slmult0 \up0 \expndtw-7\charscalex90 \ul0\nosupersub\cf9
\f10\fs17 Federal Government Securities\par\pard\ql \li1848\sb22\sl-195\slmult0
\up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf4\f5\fs17 - Market Treasury Bills
\par\pard\column \ql \li5798\sb0\sl-195\slmult0 \par\pard\ql \li5798\sb0\sl-195\
slmult0 \par\pard\ql \li5798\sb0\sl-195\slmult0 \par\pard\ql \li1234\sb90\sl-195
\slmult0\tx4182 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf3\f4\fs17 2012\ta
b \up0 \expndtw-7\charscalex95 2011\par\pard\ql \li164\sb22\sl-195\slmult0\tx118
6\tx2266\tx3174\tx4062\tx5103 \up0 \expndtw-7\charscalex95 Held by\tab \up0 \exp
ndtw-7\charscalex91 Given as\tab \up0 \expndtw-7\charscalex96 Total\tab \up0 \ex

pndtw-7\charscalex95 Held by\tab \up0 \expndtw-7\charscalex91 Given as\tab \up0
\expndtw-7\charscalex100 Total\par\pard\ql \li274\sb32\sl-195\slmult0\tx1043\tx3
284\tx4057 \up0 \expndtw-7\charscalex92 bank\tab \up0 \expndtw-7\charscalex96 co
llateral\tab \up0 \expndtw-7\charscalex92 bank\tab \up0 \expndtw-7\charscalex96
collateral\par\pard\ql \li457\sb36\sl-172\slmult0 \up0 \expndtw0\charscalex108 \
ul0\nosupersub\cf5\f6\fs15 --------------------------- (Rupees in '000) -----------------------------\par\pard\ql \li5755\sb0\sl-195\slmult0 \par\pard\ql \li57
55\sb0\sl-195\slmult0 \par\pard\ql \li5755\sb0\sl-195\slmult0 \par\pard\ql \li57
55\sb0\sl-195\slmult0 \par\pard\ql \li202\sb129\sl-195\slmult0\tx1417\tx2180\tx3
332\tx4326\tx5166 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf4\f5\fs17 2,20
3,724\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-7\charscalex100 2,20
0 -\tab \up0 \expndtw-6\charscalex100 395,470\par\pard\ql \li121\sb13\sl-195\slm
ult0\tx1417\tx2098\tx3203\tx4326\tx5041 \up0 \expndtw-7\charscalex96 28,676,723\
tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-7\charscalex96 28,676,723\
tab \up0 \expndtw-7\charscalex100 2,870,862\tab \up0 \expndtw-2\charscalex100 -\
tab \up0 \expndtw-7\charscalex100 2,870,862\par\pard\ql \li5942\sb0\sl-195\slmul
t0 \par\pard\ql \li457\sb124\sl-195\slmult0\tx1417\tx2435\tx3409\tx4326\tx5238 \
up0 \expndtw-7\charscalex89 31,195\tab \up0 \expndtw-2\charscalex100 -\tab \up0
\expndtw-7\charscalex89 31,195\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \exp
ndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql \li308\sb
123\sl-195\slmult0\tx1417\tx2286\tx3409\tx4326\tx5238 \up0 \expndtw-4\charscalex
100 348,908\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-4\charscalex10
-\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql \li5233\sb113\sl-195\slmult0 \
up0 \expndtw-2\charscalex100 -\par\pard\ql \li399\sb13\sl-195\slmult0\tx1417\tx2
406\tx3227\tx4326\tx5065 \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2\cha
4 1,349,186\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-7\charscalex94
1,349,186\par\pard\ql \li121\sb22\sl-195\slmult0\tx1417\tx2098\tx3236\tx4326\tx
5075 \up0 \expndtw-7\charscalex96 31,260,550\tab \up0 \expndtw-2\charscalex100 \tab \up0 \expndtw-7\charscalex96 31,260,550\tab \up0 \expndtw-7\charscalex92 4,
15,518\par\pard\ql \li5760\sb0\sl-195\slmult0 \par\pard\ql \li5760\sb0\sl-195\sl
mult0 \par\pard\ql \li5760\sb0\sl-195\slmult0 \par\pard\ql \li5760\sb0\sl-195\sl
mult0 \par\pard\ql \li126\sb5\sl-195\slmult0\tx1417\tx2103\tx3121\tx4326\tx4955
\up0 \expndtw-7\charscalex96 43,217,624\tab \up0 \expndtw-2\charscalex100 -\tab
\up0 \expndtw-7\charscalex96 43,217,624\tab \up0 \expndtw-7\charscalex96 44,077,
760\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-7\charscalex100 44,077
,760\par\pard\ql \li5764\sb0\sl-195\slmult0 \par\pard\ql \li332\sb124\sl-195\slm
ult0\tx1417\tx2305\tx3409\tx4326\tx5238 \up0 \expndtw-7\charscalex100 210,064\ta
b \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-6\charscalex100 210,064\tab
\up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \ex
pndtw-2\charscalex100 -\par\pard\ql \li193\sb8\sl-195\slmult0\tx1417\tx2171\tx32
36\tx4326\tx5075 \up0 \expndtw-6\charscalex100 4,003,414\tab \up0 \expndtw-2\cha
rscalex100 -\tab \up0 \expndtw-6\charscalex100 4,003,414\tab \up0 \expndtw-7\cha
rscalex92 4,192,815\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-7\char
scalex93 4,192,815\par\pard\ql \li130\sb118\sl-195\slmult0\tx1417\tx2108\tx3203\
tx4326\tx5041 \up0 \expndtw-7\charscalex95 12,198,340\tab \up0 \expndtw-2\charsc
alex100 -\tab \up0 \expndtw-7\charscalex95 12,198,340\tab \up0 \expndtw-7\charsc
alex100 8,726,933\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-7\charsc
alex100 8,726,933\par\pard\ql \li106\sb22\sl-195\slmult0\tx1417\tx2079\tx3116\tx
4326\tx4950 \up0 \expndtw-7\charscalex100 59,629,442\tab \up0 \expndtw-2\charsca
lex100 -\tab \up0 \expndtw-6\charscalex100 59,629,442\tab \up0 \expndtw-7\charsc
alex100 56,997,508\par\pard\ql \li5654\sb0\sl-195\slmult0 \par\pard\ql \li5654\s
b0\sl-195\slmult0 \par\pard\ql \li20\sb170\sl-195\slmult0\tx1028\tx2007\tx3020\t
x4326\tx4854 \up0 \expndtw-7\charscalex100 405,856,222 \tab \up0 \expndtw-7\char
scalex96 157,998,809 \tab \up0 \expndtw-7\charscalex97 563,855,031 \tab \up0 \ex
pndtw-7\charscalex100 265,930,965\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \

expndtw-6\charscalex100 265,930,965\par\pard\sect\sectd\sbknone\cols3\colno1\col
w4692\colsr160\colno2\colw2721\colsr160\colno3\colw4377\colsr160\ql \li1848\sb12
\sl-195\slmult0 \up0 \expndtw-7\charscalex96 - Pakistan Investment Bonds\par\par
d\column \ql \li20\sb0\sl-153\slmult0 \up0 \expndtw-6\charscalex100 8.8 / 8.10\p
ar\pard\ql \li918\sb0\sl-153\slmult0\tx2219 \up0 \expndtw-7\charscalex96 46,136,
502\tab \up0 \expndtw-2\charscalex100 -\par\pard\column \ql \li20\sb12\sl-195\sl
mult0\tx1062\tx2257\tx2900 \up0 \expndtw-7\charscalex96 46,136,502\tab \up0 \exp
ndtw-7\charscalex95 26,335,105\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \exp
ndtw-7\charscalex95 26,335,105 \par\pard\sect\sectd\sbknone \li1804\sb0\sl-153\s
lmult0\fi43\tx5947\tx7046\tx7920\tx8947\tx9955\tx10780 \up0 \expndtw-7\charscale
x95 - Government of Pakistan Guaranteed Bonds\tab \up0 \expndtw-7\charscalex95 4
00\tab \up0 \expndtw-7\charscalex95 425,000\tab \up0 \expndtw-7\charscalex95 -\t
ab \up0 \expndtw-7\charscalex95 425,000\par\pard\sect\sectd\sbknone \li1804\sb0\
sl-153\slmult0\fi43 \up0 \expndtw-7\charscalex95 - Government of Pakistan Bonds
/\par\pard\sect\sectd\sbknone \li1804\sb5\sl-180\slmult0\fi177\tx5760\tx7046\tx7
732\tx8755\tx9955\tx10593 \up0 \expndtw-7\charscalex95 Sukuk / (US Dollar / Euro
)\tab \up0 \expndtw-7\charscalex95 31,599,959\tab \up0 \expndtw-7\charscalex95 \tab \up0 \expndtw-7\charscalex95 31,599,959\tab \up0 \expndtw-7\charscalex95 16
,095,202\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 16,
095,202\par\pard\sect\sectd\sbknone \li1804\sb15\sl-195\slmult0\fi0\tx5827\tx704
6\tx7800\tx8985\tx9955\tx10824 \up0 \expndtw-7\charscalex95 \ul0\nosupersub\cf9\
f10\fs17 Overseas Government Securities\tab \up0 \expndtw-7\charscalex95 \ul0\no
supersub\cf4\f5\fs17 2,482,359\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expn
dtw-7\charscalex95 2,482,359\tab \up0 \expndtw-7\charscalex95 758,133\tab \up0 \
expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 758,133\par\pard\sect\
sectd\sbknone \li1804\sb7\sl-195\slmult0\fi0 \up0 \expndtw-7\charscalex95 \ul0\n
osupersub\cf9\f10\fs17 Fully paid-up ordinary shares\par\pard\sect\sectd\sbknone
\li1804\sb3\sl-195\slmult0\fi43\tx5832\tx7046\tx7804\tx8827\tx9955\tx10660 \up0
\expndtw-7\charscalex95 \ul0\nosupersub\cf4\f5\fs17 - Listed companies\tab \up0
\expndtw-7\charscalex95 4,229,365\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \
expndtw-7\charscalex95 4,229,365\tab \up0 \expndtw-7\charscalex95 2,505,080\tab
\up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 2,505,080\par\pa
rd\sect\sectd\sbknone \li1804\sb12\sl-195\slmult0\fi43\tx5980\tx7046\tx7953\tx89
76\tx9955\tx10814 \up0 \expndtw-7\charscalex95 - Unlisted companies\tab \up0 \ex
pndtw-7\charscalex95 769,510\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndt
w-7\charscalex95 769,510\tab \up0 \expndtw-7\charscalex95 761,038\tab \up0 \expn
dtw-7\charscalex95 -\tab \up0 \expndtw-7\charscalex95 761,038\par\pard\sect\sect
d\sbknone \li1804\sb123\sl-195\slmult0\fi0 \up0 \expndtw-7\charscalex95 \ul0\nos
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calex95 -\tab \up0 \expndtw-7\charscalex95 11,446,544\tab \up0 \expndtw-7\charsc
alex95 6,264,741\tab \up0 \expndtw-7\charscalex95 -\tab \up0 \expndtw-7\charscal
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5 -\tab \up0 \expndtw-7\charscalex95 11,113\par\pard\sect\sectd\sbknone \li1804\
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,998,809\tab \up0 \expndtw-7\charscalex96 673,720,451\tab \up0 \expndtw-7\charsc
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\tx7819\tx8846\tx9955\tx10684 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf3\f
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p0 \expndtw-7\charscalex96 4,132,079\tab \up0 \expndtw-7\charscalex96 -\tab \up0
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tab \up0 \expndtw-7\charscalex96 402,410,950\tab \up0 \expndtw-7\charscalex96 -\
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nosupersub\cf3\f4\fs17 Net investment\tab \up0 \expndtw-7\charscalex96 \ul0\nosu
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3,420,059\tab \up0 \expndtw-7\charscalex96 400,414,365\tab \up0 \expndtw-7\chars
calex96 -\tab \up0 \expndtw-7\charscalex96 400,414,365\par\pard\li1804\sb123\sl195\slmult0\fi0 \up0 \expndtw-7\charscalex96 Surplus / (deficit) on revaluation
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lex95 16,668,482\tab \up0 \expndtw-8\charscalex95 17,230,877\par\pard\li2116\sb8
\sl-218\slmult0\fi0\tx9360\tx10545 \up0 \expndtw-8\charscalex95 NIT units\tab \u
p0 \expndtw-8\charscalex95 11,113\tab \up0 \expndtw-8\charscalex95 11,113\par\pa
rd\li2116\sb9\sl-218\slmult0\fi0\tx9177\tx10339 \up0 \expndtw-8\charscalex95 Pre
ference shares\tab \up0 \expndtw-8\charscalex95 100,000\tab \up0 \expndtw-8\char
scalex95 200,000\par\pard\li2116\sb3\sl-218\slmult0\fi0\tx8232\tx9052\tx10238 \u
p0 \expndtw-8\charscalex95 Investment in subsidiary companies\tab \up0 \expndtw8\charscalex95 8.5\tab \up0 \expndtw-8\charscalex95 5,690,591\tab \up0 \expndtw8\charscalex95 5,690,591\par\pard\li2116\sb9\sl-218\slmult0\fi0\tx8227\tx9038\tx
10243 \up0 \expndtw-8\charscalex95 Investment in associates and joint venture co
mpany\tab \up0 \expndtw-8\charscalex95 8.6\tab \up0 \expndtw-8\charscalex95 4,59
ult0\fi6724\tx10022 \up0 \expndtw-8\charscalex97 774,893,939\tab \up0 \expndtw-8
\charscalex97 402,410,950\par\pard\li2116\sb0\sl-218\slmult0\par\pard\li2116\sb1
1\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex97 Provision for diminution / imp
airment in the value of investments\par\pard\li2116\sb9\sl-218\slmult0\fi167\tx8
236\tx8927\tx10113 \up0 \expndtw-8\charscalex97 including associates\tab \up0 \e
xpndtw-8\charscalex97 8.7\tab \up0 \expndtw-8\charscalex97 (1,473,880)\tab \up0
\expndtw-8\charscalex97 (1,996,585)\par\pard\li2116\sb23\sl-218\slmult0\fi0\tx88
46\tx10017 \up0 \expndtw-8\charscalex97 Net investment\tab \up0 \expndtw-8\chars
calex97 773,420,059\tab \up0 \expndtw-8\charscalex97 400,414,365\par\pard\li2116
\sb9\sl-218\slmult0\fi0\tx8193\tx9278\tx10478 \up0 \expndtw-8\charscalex97 Surpl
us / (deficit) on revaluation of held for trading securities\tab \up0 \expndtw-8
\charscalex97 8.13\tab \up0 \expndtw-8\charscalex97 28,583\tab \up0 \expndtw-8\c
harscalex97 (1,451)\par\pard\li2116\sb3\sl-218\slmult0\fi0\tx8193\tx9057\tx10238
\up0 \expndtw-8\charscalex97 Surplus / (deficit) on revaluation of available fo
r sale securities\tab \up0 \expndtw-8\charscalex97 19.2\tab \up0 \expndtw-8\char
scalex97 3,736,681\tab \up0 \expndtw-8\charscalex97 (473,445)\par\pard\li8889\sb
23\sl-218\slmult0\fi0\tx10007 \up0 \expndtw-8\charscalex96 777,185,323\tab \up0
\expndtw-8\charscalex96 399,939,469\par\pard\ql \li1670\sb0\sl-218\slmult0 \par\
pard\ql\li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb52\sl-218\slmult0\tx2116
\up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf1\f2\fs19 8.3 \tab \up0 \expndt
w-7\charscalex100 \ul0\nosupersub\cf2\f3\fs19 This includes investment in the Va
riable Rate Subordinated Loan Notes issued by Habib Allied International Bank \p
ar\pard\qj \li2116\ri1031\sb0\sl-226\slmult0 \up0 \expndtw-7\charscalex100 Plc,
UK (Subsidiary) amounting to Rs. 5,148.804 million (US $ 53 million) (2011: Rs.
3,868.065)(US $ 43 million) . \up0 \expndtw-7\charscalex97 These notes are perpe
tual and are repayable either at the option of the Bank or five years after rece
ipt of repayment \up0 \expndtw-7\charscalex97 notice from the note holder. The F
inancial Services Authority (FSA) approval is required prior to repayment. Inter
est \up0 \expndtw-8\charscalex94 is payable on a six monthly basis at 6 month LI
BOR + 5.5% to 5.75%. \par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb9\sl218\slmult0\fi0\tx2116 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf1\f2\fs19
8.4\tab \up0 \expndtw-6\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The market va
lue of investment classified as held-to-maturity (HTM) and investment in listed
associates and joint\par\pard\li1670\sb8\sl-218\slmult0\fi446 \up0 \expndtw-7\ch
arscalex100 venture is as follows:\par\pard\li7094\sb0\sl-218\slmult0\par\pard\l
i7094\sb0\sl-218\slmult0\par\pard\li7094\sb19\sl-218\slmult0\fi153\tx9259 \up0 \
expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 December 31, 2012\tab \up0 \e
xpndtw-8\charscalex96 December 31, 2011\par\pard\li7094\sb19\sl-218\slmult0\fi0\
tx9110 \up0 \expndtw-8\charscalex96 Book value
Market\tab \up0 \expndtw-8\cha
rscalex96 Book value
Market\par\pard\li2068\sb8\sl-218\slmult0\fi6215\tx10324
\up0 \expndtw-7\charscalex100 value\tab \up0 \expndtw-7\charscalex100 value\par
\pard\li2068\sb9\sl-218\slmult0\fi5140 \up0 \expndtw-7\charscalex100 ----------------(Rupees in '000)---------------\par\pard\li2068\sb0\sl-218\slmult0\par\par
d\li2068\sb11\sl-218\slmult0\fi0\tx7137\tx8121\tx9105\tx10099 \up0 \expndtw-7\ch
arscalex100 \ul0\nosupersub\cf2\f3\fs19 - Investment classified as held-to-matu
rity\tab \up0 \expndtw-8\charscalex90 59,611,817\tab \up0 \expndtw-8\charscalex9
3 61,533,198\tab \up0 \expndtw-7\charscalex100 56,997,508\tab \up0 \expndtw-7\ch
arscalex100 56,040,383\par\pard\li2068\sb9\sl-218\slmult0\fi0\tx7175\tx8207\tx91
82\tx10224 \up0 \expndtw-7\charscalex100 - Investment in listed associates and
joint venture\tab \up0 \expndtw-7\charscalex100 3,556,674\tab \up0 \expndtw-7\ch
arscalex100 9,972,507\tab \up0 \expndtw-7\charscalex100 3,095,848\tab \up0 \expn
dtw-7\charscalex100 4,857,766\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670
\sb11\sl-218\slmult0\fi7656\tx10425 \up0 \expndtw-8\charscalex95 \ul0\nosupersub
\cf1\f2\fs19 2012\tab \up0 \expndtw-8\charscalex95 2011\par\pard\li1670\sb9\sl-2
18\slmult0\fi0\tx2227\tx9436 \up0 \expndtw-8\charscalex95 8.5\tab \up0 \expndtw8\charscalex95 Investment in subsidiaries\tab \up0 \expndtw-8\charscalex95 (Rupe
es in '000)\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb16\sl-218\slmul
t0\fi556\tx9249\tx10344 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19
Habib Allied International Bank Plc - Holding 90.5% (2011: 90.5%)\tab \up0 \exp
ndtw-8\charscalex95 2,139,834\tab \up0 \expndtw-8\charscalex95 2,139,834\par\par
d\li1670\sb4\sl-218\slmult0\fi556\tx9350\tx10449 \up0 \expndtw-8\charscalex95 Ha
bib Finance International Limited, Hong Kong - wholly owned\tab \up0 \expndtw-8\
charscalex95 686,488\tab \up0 \expndtw-8\charscalex95 686,488\par\pard\li1670\sb
8\sl-218\slmult0\fi556\tx9475\tx10569 \up0 \expndtw-8\charscalex95 Habib Bank Fi
nancial Services (Private) Limited - wholly owned\tab \up0 \expndtw-8\charscalex
95 32,500\tab \up0 \expndtw-8\charscalex95 32,500\par\pard\li1670\sb9\sl-218\slm
ult0\fi556\tx9350\tx10444 \up0 \expndtw-8\charscalex95 HBL Currency Exchange (Pr

ivate) Limited - wholly owned\tab \up0 \expndtw-8\charscalex95 400,000\tab \up0
\expndtw-8\charscalex95 400,000\par\pard\li1670\sb4\sl-218\slmult0\fi556\tx9374\
tx10473 \up0 \expndtw-8\charscalex95 HBL Asset Management Limited - wholly owned
\tab \up0 \expndtw-8\charscalex95 100,000\tab \up0 \expndtw-8\charscalex95 100,0
00\par\pard\li1670\sb9\sl-218\slmult0\fi556\tx9384\tx10478 \up0 \expndtw-8\chars
calex95 HBL Income Fund 56.19% (2011: 58.71% ) - listed\tab \up0 \expndtw-8\char
scalex95 739,586\tab \up0 \expndtw-8\charscalex95 739,586\par\pard\li1670\sb8\sl
-218\slmult0\fi556\tx9407\tx10502 \up0 \expndtw-8\charscalex95 HBL Multi Asset F
und 89.96% (2011: 93.21%) - listed\tab \up0 \expndtw-8\charscalex95 248,181\tab
\up0 \expndtw-8\charscalex95 248,181\par\pard\li1670\sb9\sl-218\slmult0\fi556\tx
9240\tx10334 \up0 \expndtw-8\charscalex95 HBL Stock Fund 81.08% (2011: 82.47%) listed\tab \up0 \expndtw-8\charscalex95 1,344,002\tab \up0 \expndtw-8\charscale
x95 1,344,002\par\pard\li9254\sb18\sl-218\slmult0\fi0\tx10348 \up0 \expndtw-8\ch
arscalex95 5,690,591\tab \up0 \expndtw-8\charscalex95 5,690,591
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
g19}{\bkmkend Pg19}\par\pard\sect\sectd\sbknone\cols2\colno1\colw9075\colsr160\c
olno2\colw2865\colsr160\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \li1670\sb0\s
l-218\slmult0 \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \li1670\sb0\s
l-218\slmult0 \par\pard\ql \li1670\sb29\sl-218\slmult0\tx2222 \up0 \expndtw-3\ch
arscalex100 \ul0\nosupersub\cf1\f2\fs19 8.6\tab \up0 \expndtw-8\charscalex94 Inv
estment in associates and joint venture company\par\pard\ql \li2227\sb0\sl-218\s
lmult0 \par\pard\ql \li2227\sb40\sl-218\slmult0 \up0 \expndtw-8\charscalex95 \ul
0\nosupersub\cf2\f3\fs19 Himalayan Bank Limited, Nepal - Holding 20% (2011: 20%)
- Listed\par\pard\ql \li2227\sb9\sl-218\slmult0 \up0 \expndtw-7\charscalex94 Di
amond Trust Bank Limited, Kenya - Holding 11.68% (2011: 11.21%) - Listed\par\par
d\ql \li2227\sb8\sl-218\slmult0 \up0 \expndtw-8\charscalex94 Kyrgyz Investment a
nd Credit Bank, Kyrgyz Republic - Holding 18%\par\pard\ql \li2356\sb4\sl-218\slm
ult0 \up0 \expndtw-8\charscalex94 (2011: 18%) - Unlisted\par\pard\ql \li2227\sb9
\sl-218\slmult0 \up0 \expndtw-7\charscalex95 Jubilee General Insurance Company L
imited - Holding 16.24% (2011: 14.27%) - Listed\par\pard\ql \li2227\sb8\sl-218\s
lmult0 \up0 \expndtw-7\charscalex94 Jubilee Life Insurance Company Limited - Hol
ding 17.95% (2011: 17.95%) - Listed\par\pard\ql \li2227\sb9\sl-218\slmult0 \up0
\expndtw-8\charscalex93 HBL Money Market Fund - Holding 1.51% (2011: 1.55% ) - L
isted\par\pard\ql \li2227\sb4\sl-218\slmult0 \up0 \expndtw-7\charscalex95 HBL Is
lamic Money Market Fund - Holding 73.14% (2011: 64.08%) - Listed\par\pard\ql \
li2227\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex93 HBL Islamic Stock Fund -
Holding 97.65% (2011: 96.14%) - Listed\par\pard\ql \li2227\sb8\sl-218\slmult0

\up0 \expndtw-7\charscalex94 HBL Pension Equity Sub Fund - Holding 92.53% (201
1: 99.28%) - Unlisted\par\pard\ql \li2227\sb4\sl-218\slmult0\tx8428 \up0 \expndt
w-8\charscalex94 HBL Pension Debt Sub Fund - Holding 44.5% (2011: 96.34%) - Unli
sted\tab \up0 \expndtw-8\charscalex88 8.6.1.1\par\pard\ql \li2227\sb8\sl-218\slm
ult0 \up0 \expndtw-7\charscalex95 HBL Pension Money Market Sub Fund - Holding 39
.55% (2011: 97.26%) - Unlisted\par\pard\ql \li2227\sb9\sl-218\slmult0 \up0 \expn
dtw-7\charscalex95 HBL Islamic Pension Equity Sub Fund - Holding 83.44% (2011: 9
9.93%) - Unlisted\par\pard\ql \li2227\sb9\sl-218\slmult0 \up0 \expndtw-7\charsca
lex94 HBL Islamic Pension Debt Sub Fund - Holding 65.25% (2011: 99.93%) - Unli
sted\par\pard\ql \li2227\sb3\sl-218\slmult0 \up0 \expndtw-8\charscalex94 HBL Isl
amic Pension Money Market Sub Fund - Holding 61.47%\par\pard\ql \li2356\sb9\sl-2
18\slmult0 \up0 \expndtw-8\charscalex93 (2011: 99.97%) - Unlisted\par\pard\col
umn \ql \li9268\sb0\sl-218\slmult0 \par\pard\ql \li9268\sb0\sl-218\slmult0 \par\
pard\ql \li9268\sb0\sl-218\slmult0 \par\pard\ql \li111\sb21\sl-218\slmult0\tx121
5 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 2012\tab \up0 \expnd
tw-8\charscalex93 2011\par\pard\ql \li221\sb9\sl-218\slmult0 \up0 \expndtw-8\cha
rscalex96 (Rupees in '000)\par\pard\ql \li9268\sb0\sl-218\slmult0 \par\pard\ql \
li404\sb40\sl-218\slmult0\tx1503 \up0 \expndtw-8\charscalex89 \ul0\nosupersub\cf
2\f3\fs19 7,197\tab \up0 \expndtw-8\charscalex89 7,197\par\pard\ql \li53\sb9\sl218\slmult0\tx1158 \up0 \expndtw-8\charscalex93 1,555,452\tab \up0 \expndtw-8\ch
arscalex93 1,234,431\par\pard\ql \li9287\sb0\sl-218\slmult0 \par\pard\ql \li193\
sb11\sl-218\slmult0\tx1292 \up0 \expndtw-8\charscalex94 256,231\tab \up0 \expndt
w-8\charscalex94 256,231\par\pard\ql \li73\sb9\sl-218\slmult0\tx1158 \up0 \expnd
tw-8\charscalex91 1,525,621\tab \up0 \expndtw-8\charscalex93 1,385,816\par\pard\
ql \li135\sb8\sl-218\slmult0\tx1239 \up0 \expndtw-4\charscalex100 468,404\tab \u
p0 \expndtw-5\charscalex100 468,404\par\pard\ql \li159\sb9\sl-218\slmult0\tx1263
\up0 \expndtw-7\charscalex100 100,000\tab \up0 \expndtw-8\charscalex100 100,000
\par\pard\ql \li149\sb4\sl-218\slmult0\tx1254 \up0 \expndtw-6\charscalex100 250,
000\tab \up0 \expndtw-6\charscalex100 250,000\par\pard\ql \li149\sb9\sl-218\slmu
lt0\tx1254 \up0 \expndtw-6\charscalex100 250,000\tab \up0 \expndtw-6\charscalex1
00 250,000\par\pard\ql \li241\sb8\sl-218\slmult0\tx1345 \up0 \expndtw-5\charscal
ex100 30,000\tab \up0 \expndtw-5\charscalex100 30,000\par\pard\ql \li241\sb4\sl218\slmult0\tx1345 \up0 \expndtw-5\charscalex100 30,000\tab \up0 \expndtw-5\char
scalex100 30,000\par\pard\ql \li241\sb8\sl-218\slmult0\tx1345 \up0 \expndtw-5\ch
arscalex100 30,000\tab \up0 \expndtw-5\charscalex100 30,000\par\pard\ql \li241\s
b9\sl-218\slmult0\tx1345 \up0 \expndtw-5\charscalex100 30,000\tab \up0 \expndtw5\charscalex100 30,000\par\pard\ql \li241\sb9\sl-218\slmult0\tx1345 \up0 \expndt
w-5\charscalex100 30,000\tab \up0 \expndtw-5\charscalex100 30,000\par\pard\ql \l
i241\sb119\sl-218\slmult0\tx1345 \up0 \expndtw-5\charscalex100 30,000\tab \up0 \
expndtw-5\charscalex100 30,000\par\pard\ql \li20\sb133\sl-218\slmult0\tx1143 \up
\par\pard\sect\sectd\sbknone \ql \li1670\sb0\sl-220\slmult0 \par\pard\ql\li1670\
ri809\sb52\sl-220\slmult0\tx2227\tx2227 \up0 \expndtw-4\charscalex100 \ul0\nosup
ersub\cf1\f2\fs19 8.6.1 \ul0\nosupersub\cf2\f3\fs19 The Bank has significant in
fluence in Diamond Trust Bank Limited, Kyrgyz Investment and Credit Bank, Jubile
e \line\tab \up0 \expndtw-6\charscalex100 General Insurance Company Limited and
Jubilee Life Insurance Company Limited because of Aga Khan Fund for \line \tab \
up0 \expndtw-7\charscalex100 Economic Development's (parent of Bank) holding in
these entities. \par\pard\ql \li1670\ri814\sb212\sl-230\slmult0\tx2227\tx2227 \u
p0 \expndtw-7\charscalex96 \ul0\nosupersub\cf1\f2\fs19 8.6.1.1 \ul0\nosupersub\c
f2\f3\fs19 The Bank has subscribed for units of these funds. Currently, the hold
ing of the Bank is high due to initial investments \line\tab \up0 \expndtw-4\cha
rscalex100 which are expected to go down with sale of units. Accordingly, these
investments have been accounted for as \line \tab \up0 \expndtw-8\charscalex94 i
nvestment in associates under IAS 28. \par\pard\qj \li1670\ri815\sb202\sl-240\sl
mult0\tx2227 \up0 \expndtw-6\charscalex100 \ul0\nosupersub\cf1\f2\fs19 8.6.2 \ul
0\nosupersub\cf2\f3\fs19 The investments have been tested for impairment under
the policy of the Bank as given in note 4.12 and provision \line\tab \up0 \expnd
tw-7\charscalex100 has been made where required and disclosed in note 8.7. \par\
pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb81\sl-218\slmult0 \up0

\expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 8.6.3 Summary of financial
information of\par\pard\sect\sectd\sbknone\cols2\colno1\colw6727\colsr60\colno2
\colw5313\colsr160\ql \li2217\sb26\sl-218\slmult0 \up0 \expndtw-8\charscalex93 a
ssociates and joint venture company\par\pard\ql \li5615\sb27\sl-172\slmult0 \up0
\expndtw-6\charscalex93 \ul0\nosupersub\cf5\f6\fs15 Based on the\par\pard\ql \l
i5760\sb7\sl-172\slmult0 \up0 \expndtw-6\charscalex96 financial\par\pard\ql \li5
481\sb6\sl-172\slmult0 \up0 \expndtw-6\charscalex96 statements as on\par\pard\ql
\li2217\sb0\sl-172\slmult0 \par\pard\ql \li2217\sb152\sl-172\slmult0\tx5414 \up
0 \expndtw-6\charscalex96 \ul0\nosupersub\cf7\f8\fs15 Diamond Trust Bank Limited
, Kenya\tab \up0 \expndtw-6\charscalex96 September 30, 2012\par\pard\ql \li2217\
sb6\sl-172\slmult0\tx5505 \up0 \expndtw-6\charscalex97 Himalayan Bank Limited, N
epal\tab \up0 \expndtw-6\charscalex96 October 16, 2012\par\pard\ql \li2217\sb12\
sl-172\slmult0\tx5452 \up0 \expndtw-6\charscalex96 Kyrgyz Investment and Credit
Bank\tab \up0 \expndtw-6\charscalex93 December 31, 2011\par\pard\ql \li2217\sb6\
sl-172\slmult0\tx5414 \up0 \expndtw-6\charscalex93 Jubilee Life Insurance Co. Lt
d.\tab \up0 \expndtw-6\charscalex96 September 30, 2012\par\pard\ql \li2217\sb12\
sl-172\slmult0\tx5414 \up0 \expndtw-6\charscalex94 Jubilee General Insurance Co.
Ltd.\tab \up0 \expndtw-6\charscalex96 September 30, 2012\par\pard\ql \li2217\sb
6\sl-172\slmult0\tx5442 \up0 \expndtw-6\charscalex96 HBL Money Market Fund\tab \
up0 \expndtw-6\charscalex94 December 31, 2012\par\pard\ql \li2217\sb7\sl-172\slm
ult0\tx5442 \up0 \expndtw-6\charscalex94 HBL Islamic Stock Fund\tab \up0 \expndt
w-6\charscalex94 December 31, 2012\par\pard\ql \li2217\sb11\sl-172\slmult0\tx544
2 \up0 \expndtw-6\charscalex96 HBL Islamic Money Market Fund\tab \up0 \expndtw-6
\charscalex94 December 31, 2012\par\pard\ql \li2217\sb7\sl-172\slmult0\tx5442 \u
p0 \expndtw-6\charscalex93 HBL Pension Equity Sub Fund\tab \up0 \expndtw-6\chars
calex94 December 31, 2012\par\pard\ql \li2217\sb11\sl-172\slmult0\tx5442 \up0 \e
xpndtw-6\charscalex93 HBL Pension Debt Sub Fund\tab \up0 \expndtw-6\charscalex94
December 31, 2012\par\pard\ql \li2217\sb7\sl-172\slmult0\tx5442 \up0 \expndtw-6
\charscalex94 HBL Pension Money Market Sub Fund\tab \up0 \expndtw-6\charscalex94
December 31, 2012\par\pard\ql \li2217\sb6\sl-172\slmult0\tx5442 \up0 \expndtw-6
\charscalex93 HBL Islamic Pension Equity Sub Fund\tab \up0 \expndtw-6\charscalex
94 December 31, 2012\par\pard\ql \li2217\sb12\sl-172\slmult0\tx5442 \up0 \expndt
w-6\charscalex93 HBL Islamic Pension Debt Sub Fund\tab \up0 \expndtw-6\charscale
x94 December 31, 2012\par\pard\ql \li2217\sb6\sl-172\slmult0\tx5442 \up0 \expndt
w-6\charscalex94 HBL Islamic Pension Money Market Sub Fund\tab \up0 \expndtw-6\c
harscalex94 December 31, 2012\par\pard\column \ql \li1345\sb26\sl-218\slmult0 \u
p0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 2012\par\pard\ql \li130\
sb27\sl-172\slmult0\tx975\tx1978\tx2804\tx3869 \up0 \expndtw-6\charscalex87 \ul0
\nosupersub\cf5\f6\fs15 Assets\tab \up0 \expndtw-6\charscalex95 Liabilities\tab
\up0 \expndtw-6\charscalex94 Equity\tab \up0 \expndtw-6\charscalex91 Revenue\tab
\up0 \expndtw-6\charscalex100 Profit\par\pard\ql \li6787\sb0\sl-149\slmult0 \pa
r\pard\ql \li6787\sb0\sl-149\slmult0 \par\pard\ql \li471\sb68\sl-149\slmult0 \up
0 \expndtw0\charscalex101 \ul0\nosupersub\cf10\f11\fs13 --------- --------------(Rupees in '000)----- ------------ --- ------\par\pard\ql \li20\sb165\sl-172\sl
mult0\tx956\tx1887\tx2862\tx3817 \up0 \expndtw-6\charscalex94 \ul0\nosupersub\cf
7\f8\fs15 146,682,771\tab \up0 \expndtw-6\charscalex96 126,868,021\tab \up0 \exp
ndtw-6\charscalex95 19,814,750\tab \up0 \expndtw-6\charscalex90 13,721,613\tab \
up0 \expndtw-6\charscalex100 3,225,369\par\pard\ql \li116\sb6\sl-172\slmult0\tx1
023\tx1925\tx2919\tx3937 \up0 \expndtw-6\charscalex90 62,117,775\tab \up0 \expnd
tw-6\charscalex100 56,421,320\tab \up0 \expndtw-4\charscalex100 5,696,454\tab \u
p0 \expndtw-6\charscalex93 1,168,732\tab \up0 \expndtw-6\charscalex100 220,475\p
ar\pard\ql \li53\sb12\sl-172\slmult0\tx1052\tx1930\tx2910\tx3932 \up0 \expndtw-5
\charscalex100 16,408,390\tab \up0 \expndtw-6\charscalex93 12,777,420\tab \up0 \
\up0 \expndtw-6\charscalex100 558,965\par\pard\ql \li97\sb6\sl-172\slmult0\tx10
23\tx1954\tx3025\tx3942 \up0 \expndtw-6\charscalex93 21,001,275\tab \up0 \expndt
w-6\charscalex100 19,408,222\tab \up0 \expndtw-6\charscalex96 1,593,053\tab \up0
\expndtw-6\charscalex93 107,922\tab \up0 \expndtw-6\charscalex96 360,791\par\pa
rd\ql \li53\sb12\sl-172\slmult0\tx1085\tx1925\tx2871\tx3922 \up0 \expndtw-5\char
scalex100 10,860,248\tab \up0 \expndtw-5\charscalex100 7,030,003\tab \up0 \expnd

tw-4\charscalex100 3,830,245\tab \up0 \expndtw-4\charscalex100 2,828,804\tab \up
0 \expndtw-5\charscalex100 583,993\par\pard\ql \li135\sb6\sl-172\slmult0\tx1292\
tx1925\tx2895\tx3951 \up0 \expndtw-5\charscalex100 8,835,789\tab \up0 \expndtw-6
\charscalex97 52,299\tab \up0 \expndtw-4\charscalex100 8,783,490\tab \up0 \expnd
tw-6\charscalex97 1,042,378\tab \up0 \expndtw-6\charscalex95 913,188\par\pard\ql
\li255\sb7\sl-172\slmult0\tx1369\tx2070\tx3097\tx4013 \up0 \expndtw-6\charscale
x100 375,442\tab \up0 \expndtw-6\charscalex100 8,925\tab \up0 \expndtw-6\charsca
lex95 366,517\tab \up0 \expndtw-6\charscalex95 81,347\tab \up0 \expndtw-6\charsc
alex97 67,853\par\pard\ql \li269\sb11\sl-172\slmult0\tx1364\tx2070\tx3063\tx4018
b \up0 \expndtw-6\charscalex95 411,086\tab \up0 \expndtw-4\charscalex100 44,249\
tab \up0 \expndtw-6\charscalex96 35,567\par\pard\ql \li327\sb7\sl-172\slmult0\tx
-6\charscalex95 310\tab \up0 \expndtw-6\charscalex100 46,325\tab \up0 \expndtw-5
\charscalex100 4,265\tab \up0 \expndtw-6\charscalex100 3,429\par\pard\ql \li337\
sb11\sl-172\slmult0\tx1489\tx2137\tx3164\tx4095 \up0 \expndtw-6\charscalex97 74,
793\tab \up0 \expndtw-6\charscalex96 414\tab \up0 \expndtw-6\charscalex97 74,379
\tab \up0 \expndtw-6\charscalex96 5,976\tab \up0 \expndtw-6\charscalex96 5,768\p
ar\pard\ql \li337\sb7\sl-172\slmult0\tx1474\tx2146\tx3169\tx4100 \up0 \expndtw-6
\charscalex100 83,241\tab \up0 \expndtw-3\charscalex100 320\tab \up0 \expndtw-6\
charscalex95 82,921\tab \up0 \expndtw-6\charscalex95 5,801\tab \up0 \expndtw-6\c
harscalex95 5,831\par\pard\ql \li337\sb6\sl-172\slmult0\tx1465\tx2127\tx3169\tx4
100 \up0 \expndtw-6\charscalex100 52,476\tab \up0 \expndtw-1\charscalex100 408\t
ab \up0 \expndtw-5\charscalex100 52,068\tab \up0 \expndtw-6\charscalex94 5,745\t
ab \up0 \expndtw-6\charscalex95 4,915\par\pard\ql \li351\sb12\sl-172\slmult0\tx1
474\tx2156\tx3154\tx4100 \up0 \expndtw-6\charscalex94 50,515\tab \up0 \expndtw-3
\charscalex100 334\tab \up0 \expndtw-6\charscalex93 50,181\tab \up0 \expndtw-5\c
harscalex100 4,245\tab \up0 \expndtw-6\charscalex95 3,773\par\pard\ql \li327\sb6
\sl-172\slmult0\tx1479\tx2132\tx3164\tx4086 \up0 \expndtw-5\charscalex100 53,328
\tab \up0 \expndtw-4\charscalex100 233\tab \up0 \expndtw-6\charscalex100 53,095\
tab \up0 \expndtw-6\charscalex97 4,144\tab \up0 \expndtw-5\charscalex100 3,856
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

{\sp{\sn pVerticies}{\sv 8;19;(120,0);(97,12);(75,43);(62,91);(57,148);(57,801);
(53,860);(41,906);(23,937);(0,950);(23,961);(41,993);(53,1041);(57,1100);(57,165
6);(62,1713);(75,1761);(97,1792);(120,1805)}}
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;32768}}
g20}{\bkmkend Pg20}\par\pard\ql \li8121\sb0\sl-218\slmult0 \par\pard\ql\li8121\s
b0\sl-218\slmult0 \par\pard\ql\li8121\sb0\sl-218\slmult0 \par\pard\ql\li8121\sb0
\sl-218\slmult0 \par\pard\ql\li8121\sb48\sl-218\slmult0 \up0 \expndtw-8\charscal
ex93 \ul0\nosupersub\cf1\f2\fs19 2011\par\pard\sect\sectd\sbknone\cols2\colno1\c
olw6691\colsr110\colno2\colw5299\colsr160\ql \li5615\sb41\sl-172\slmult0 \up0 \e
xpndtw-6\charscalex93 \ul0\nosupersub\cf5\f6\fs15 Based on the\par\pard\ql \li57
60\sb7\sl-172\slmult0 \up0 \expndtw-6\charscalex96 financial\par\pard\ql \li5481
\sb6\sl-172\slmult0 \up0 \expndtw-6\charscalex96 statements as on\par\pard\ql \l
i2217\sb0\sl-172\slmult0 \par\pard\ql \li2217\sb0\sl-172\slmult0 \par\pard\ql \l
i2217\sb28\sl-172\slmult0\tx5423 \up0 \expndtw-6\charscalex96 \ul0\nosupersub\cf
7\f8\fs15 Diamond Trust Bank Limited, Kenya\tab \up0 \expndtw-6\charscalex94 Sep
tember 30, 2011\par\pard\ql \li2217\sb2\sl-172\slmult0\tx5510 \up0 \expndtw-6\ch
arscalex97 Himalayan Bank Limited, Nepal\tab \up0 \expndtw-6\charscalex95 Octobe
r 16, 2011\par\pard\ql \li2217\sb11\sl-172\slmult0\tx5438 \up0 \expndtw-6\charsc
alex96 Kyrgyz Investment and Credit Bank\tab \up0 \expndtw-6\charscalex95 Decemb
er 31, 2010\par\pard\ql \li2217\sb7\sl-172\slmult0\tx5423 \up0 \expndtw-6\charsc
alex95 Jubilee Life Insurance Company Limited\tab \up0 \expndtw-6\charscalex94 S
eptember 30, 2011\par\pard\ql \li2217\sb11\sl-172\slmult0\tx5423 \up0 \expndtw-6
\charscalex95 Jubilee General Insurance Company Limited\tab \up0 \expndtw-6\char
scalex94 September 30, 2011\par\pard\ql \li2217\sb11\sl-172\slmult0\tx5452 \up0
\expndtw-6\charscalex96 HBL Money Market Fund\tab \up0 \expndtw-6\charscalex93 D
ecember 31, 2011\par\pard\ql \li2217\sb2\sl-172\slmult0\tx5452 \up0 \expndtw-6\c
harscalex94 HBL Islamic Stock Fund\tab \up0 \expndtw-6\charscalex93 December 31,
2011\par\pard\ql \li2217\sb12\sl-172\slmult0\tx5452 \up0 \expndtw-6\charscalex9
6 HBL Islamic Money Market Fund\tab \up0 \expndtw-6\charscalex93 December 31, 20
11\par\pard\ql \li2217\sb11\sl-172\slmult0\tx5452 \up0 \expndtw-6\charscalex93 H
BL Pension Equity Sub Fund\tab \up0 \expndtw-6\charscalex93 December 31, 2011\pa
r\pard\ql \li2217\sb7\sl-172\slmult0\tx5452 \up0 \expndtw-6\charscalex93 HBL Pen
sion Debt Sub Fund\tab \up0 \expndtw-6\charscalex93 December 31, 2011\par\pard\q
l \li2217\sb6\sl-172\slmult0\tx5452 \up0 \expndtw-6\charscalex94 HBL Pension Mon
ey Market Sub Fund\tab \up0 \expndtw-6\charscalex93 December 31, 2011\par\pard\q
l \li2217\sb7\sl-172\slmult0\tx5452 \up0 \expndtw-6\charscalex93 HBL Islamic Pen
sion Equity Sub Fund\tab \up0 \expndtw-6\charscalex93 December 31, 2011\par\pard
\ql \li2217\sb11\sl-172\slmult0\tx5452 \up0 \expndtw-6\charscalex93 HBL Islamic
Pension Debt Sub Fund\tab \up0 \expndtw-6\charscalex93 December 31, 2011\par\par
d\ql \li2217\sb12\sl-172\slmult0\tx5452 \up0 \expndtw-6\charscalex94 HBL Islamic
Pension Money Market Sub Fund\tab \up0 \expndtw-6\charscalex93 December 31, 201
1\par\pard\column \ql \li116\sb41\sl-172\slmult0\tx961\tx1964\tx2790\tx3855 \up0
\expndtw-6\charscalex87 \ul0\nosupersub\cf5\f6\fs15 Assets\tab \up0 \expndtw-6\
charscalex95 Liabilities\tab \up0 \expndtw-6\charscalex94 Equity\tab \up0 \expnd
tw-6\charscalex91 Revenue\tab \up0 \expndtw-6\charscalex100 Profit\par\pard\ql \
li207\sb18\sl-172\slmult0 \up0 \expndtw0\charscalex107 ------------------------(
Rupees in '000)--------------------------\par\pard\ql \li1670\sb0\sl-172\slmult0
\par\pard\ql \li20\sb22\sl-172\slmult0\tx923\tx1878\tx2896\tx3832 \up0 \expndtw
-6\charscalex92 \ul0\nosupersub\cf7\f8\fs15 113,703,197\tab \up0 \expndtw-5\char
scalex100 100,574,944\tab \up0 \expndtw-6\charscalex94 13,128,253\tab \up0 \expn
\ql \li78\sb2\sl-172\slmult0\tx1024\tx1945\tx2876\tx3932 \up0 \expndtw-6\charsca
lex94 55,744,110\tab \up0 \expndtw-6\charscalex95 50,972,421\tab \up0 \expndtw-6

\charscalex95 4,771,689\tab \up0 \expndtw-6\charscalex100 1,323,860\tab \up0 \ex
pndtw-6\charscalex96 192,760\par\pard\ql \li83\sb11\sl-172\slmult0\tx1081\tx1955
\tx2977\tx3928 \up0 \expndtw-6\charscalex93 10,701,739\tab \up0 \expndtw-6\chars
calex100 8,523,794\tab \up0 \expndtw-6\charscalex93 2,177,945\tab \up0 \expndtw4\charscalex100 959,402\tab \up0 \expndtw-6\charscalex96 158,962\par\pard\ql \li
49\sb7\sl-172\slmult0\tx1033\tx1955\tx2982\tx3947 \up0 \expndtw-6\charscalex100
calex93 1,273,742\tab \up0 \expndtw-5\charscalex100 350,947\tab \up0 \expndtw-6\
charscalex93 217,937\par\pard\ql \li135\sb11\sl-172\slmult0\tx1100\tx1940\tx2862
\tx3923 \up0 \expndtw-6\charscalex97 9,387,618\tab \up0 \expndtw-6\charscalex95
lex100 2,068,685\tab \up0 \expndtw-6\charscalex100 527,845\par\pard\ql \li135\sb
11\sl-172\slmult0\tx1268\tx1926\tx3016\tx3937 \up0 \expndtw-6\charscalex97 7,772
,880\tab \up0 \expndtw-5\charscalex100 28,290\tab \up0 \expndtw-6\charscalex100
7,744,590\tab \up0 \expndtw-6\charscalex93 753,741\tab \up0 \expndtw-6\charscale
x94 677,416\par\pard\ql \li227\sb2\sl-172\slmult0\tx1350\tx2046\tx3111\tx4019 \u
b \up0 \expndtw-6\charscalex93 11,588\par\pard\ql \li241\sb12\sl-172\slmult0\tx1
-4\charscalex100 2,388\tab \up0 \expndtw-6\charscalex100 425,535\tab \up0 \expnd
tw-6\charscalex97 31,038\tab \up0 \expndtw-4\charscalex100 26,486\par\pard\ql \l
i313\sb11\sl-172\slmult0\tx1480\tx2132\tx3270\tx4196 \up0 \expndtw-5\charscalex1
00 30,055\tab \up0 \expndtw-6\charscalex94 124\tab \up0 \expndtw-6\charscalex96
29,931\tab \up0 \expndtw-6\charscalex95 199\tab \up0 \expndtw-6\charscalex95 106
\par\pard\ql \li318\sb7\sl-172\slmult0\tx1484\tx2156\tx3270\tx4220 \up0 \expndtw
-6\charscalex100 31,443\tab \up0 \expndtw-6\charscalex93 126\tab \up0 \expndtw-6
\charscalex90 31,317\tab \up0 \expndtw-6\charscalex95 272\tab \up0 \expndtw-6\ch
arscalex86 177\par\pard\ql \li342\sb6\sl-172\slmult0\tx1484\tx2123\tx3284\tx4211
\up0 \expndtw-6\charscalex93 31,146\tab \up0 \expndtw-6\charscalex93 126\tab \u
p0 \expndtw-6\charscalex100 31,020\tab \up0 \expndtw-6\charscalex89 271\tab \up0
\expndtw-6\charscalex91 176\par\pard\ql \li313\sb7\sl-172\slmult0\tx1489\tx2128
\tx3265\tx4206 \up0 \expndtw-5\charscalex100 29,744\tab \up0 \expndtw-6\charscal
ex91 125\tab \up0 \expndtw-6\charscalex96 29,619\tab \up0 \expndtw-6\charscalex1
00 255\tab \up0 \expndtw-6\charscalex93 162\par\pard\ql \li313\sb11\sl-172\slmul
t0\tx1484\tx2132\tx3251\tx4182 \up0 \expndtw-5\charscalex100 30,347\tab \up0 \ex
pndtw-6\charscalex93 126\tab \up0 \expndtw-6\charscalex95 30,221\tab \up0 \expnd
tw-3\charscalex100 294\tab \up0 \expndtw-3\charscalex100 200\par\pard\ql \li313\
sb12\sl-172\slmult0\tx1484\tx2108\tx3256\tx4201 \up0 \expndtw-5\charscalex100 30
,335\tab \up0 \expndtw-6\charscalex93 126\tab \up0 \expndtw-4\charscalex100 30,2
09\tab \up0 \expndtw-4\charscalex100 293\tab \up0 \expndtw-6\charscalex95 199 \p
ar\pard\sect\sectd\sbknone \li1670\sb0\sl-218\slmult0\par\pard\li1670\sb5\sl-218
\slmult0\fi0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf1\f2\fs19 8.6.3.1 \u
l0\nosupersub\cf2\f3\fs19 The Bank has made further investment in the following
associates during the year, consequently, shareholding has\par\pard\sect\sectd\s
bknone \li1670\sb8\sl-218\slmult0\fi600 \up0 \expndtw-8\charscalex96 increased t
o:\par\pard\li2270\sb9\sl-218\slmult0\fi6816\tx10180 \up0 \expndtw-8\charscalex9
3 \ul0\nosupersub\cf1\f2\fs19 December\tab \up0 \expndtw-8\charscalex93 December
\par\pard\li2270\sb4\sl-218\slmult0\fi6863\tx10238 \up0 \expndtw-8\charscalex93
31, 2012\tab \up0 \expndtw-8\charscalex93 31, 2011\par\pard\li2270\sb23\sl-218\s
lmult0\fi7137 \up0 \expndtw-8\charscalex93 Shareholding %\par\pard\li2270\sb0\sl
-218\slmult0\par\pard\li2270\sb11\sl-218\slmult0\fi0\tx9144\tx10281 \up0 \expndt
w-8\charscalex93 \ul0\nosupersub\cf2\f3\fs19 Jubilee General Insurance Company L
imited, Pakistan\tab \up0 \expndtw-8\charscalex93 16.24%\tab \up0 \expndtw-8\cha
rscalex93 14.27%\par\pard\li2270\sb9\sl-218\slmult0\fi0\tx9153\tx10300 \up0 \exp
ndtw-8\charscalex93 Diamond Trust Bank Limited, Kenya\tab \up0 \expndtw-8\charsc
alex93 11.68%\tab \up0 \expndtw-8\charscalex93 11.21%\par\pard\li1670\sb0\sl-218
fi0\tx2270\tx8400\tx9240\tx10377 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf
1\f2\fs19 8.7\tab \up0 \expndtw-7\charscalex95 Particulars of provision held aga

inst diminution in value of investments\tab \up0 \expndtw-8\charscalex94 Note\ta
b \up0 \expndtw-8\charscalex94 2012\tab \up0 \expndtw-8\charscalex94 2011\par\pa
rd\li2270\sb8\sl-218\slmult0\fi7108 \up0 \expndtw-8\charscalex95 (Rupees in '000
)\par\pard\li2270\sb0\sl-218\slmult0\par\pard\li2270\sb12\sl-218\slmult0\fi0 \up
0 \expndtw-7\charscalex96 \ul0\nosupersub\cf2\f3\fs19 The balances disclosed in
note 8.1 are stated net of specific provision held.\par\pard\li2270\sb8\sl-218\s
lmult0\fi129 \up0 \expndtw-8\charscalex95 The analysis of total provision held i
s as follows:\par\pard\li2270\sb0\sl-218\slmult0\par\pard\li2270\sb16\sl-218\slm
ult0\fi0\tx9167\tx10305 \up0 \expndtw-8\charscalex95 Opening balance\tab \up0 \e
xpndtw-8\charscalex95 1,996,585\tab \up0 \expndtw-8\charscalex95 3,870,384\par\p
ard\li2270\sb19\sl-218\slmult0\fi0\tx9403\tx10492 \up0 \expndtw-8\charscalex95 C
harge for the year\tab \up0 \expndtw-8\charscalex95 -\tab \up0 \expndtw-8\charsc
alex95 139,767\par\pard\li2270\sb8\sl-218\slmult0\fi0\tx9177\tx10535 \up0 \expnd
tw-8\charscalex95 Reversal\tab \up0 \expndtw-8\charscalex95 (189,908)\tab \up0 \
expndtw-8\charscalex95 -\par\pard\li2270\sb9\sl-218\slmult0\fi0\tx9331\tx10464 \
up0 \expndtw-8\charscalex95 Impairment charge on listed securities\tab \up0 \exp
ndtw-8\charscalex95 129,770\tab \up0 \expndtw-8\charscalex95 736,859\par\pard\li
2270\sb9\sl-218\slmult0\fi0\tx9192\tx10535 \up0 \expndtw-8\charscalex95 Impairme
nt reversal on listed securities\tab \up0 \expndtw-8\charscalex95 (337,567)\tab
\up0 \expndtw-8\charscalex95 -\par\pard\li2270\sb18\sl-218\slmult0\fi0\tx9187\tx
10459 \up0 \expndtw-8\charscalex95 Total (reversal) / charge - net\tab \up0 \exp
ndtw-8\charscalex95 (397,705)\tab \up0 \expndtw-8\charscalex95 876,626\par\pard\
li2270\sb0\sl-218\slmult0\par\pard\li2270\sb16\sl-218\slmult0\fi0\tx9187\tx10204
\up0 \expndtw-8\charscalex95 Write offs\tab \up0 \expndtw-8\charscalex95 (125,0
00)\tab \up0 \expndtw-8\charscalex95 (2,755,439)\par\pard\li2270\sb4\sl-218\slmu
lt0\fi0\tx9403\tx10670 \up0 \expndtw-8\charscalex95 Exchange adjustment\tab \up0
\expndtw-8\charscalex95 -\tab \up0 \expndtw-8\charscalex95 5,014\par\pard\li227
0\sb23\sl-218\slmult0\fi0\tx8428\tx9163\tx10329 \up0 \expndtw-8\charscalex95 Clo
sing balance\tab \up0 \expndtw-8\charscalex95 8.7.1\tab \up0 \expndtw-8\charscal
ex95 1,473,880\tab \up0 \expndtw-8\charscalex95 1,996,585\par\pard\li1670\sb0\sl
lt0\fi0\tx9240\tx10377 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19
8.7.1 Particulars of provision in respect of type and segment\tab \up0 \expndt
w-8\charscalex95 2012\tab \up0 \expndtw-8\charscalex95 2011\par\pard\li2270\sb8\
sl-218\slmult0\fi7108 \up0 \expndtw-8\charscalex95 (Rupees in '000)\par\pard\li2
270\sb187\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex95 Held to Maturity secur
ities (HTM)\par\pard\li2270\sb8\sl-218\slmult0\fi71\tx9427\tx10588 \up0 \expndtw
-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 - Debentures and Corporate Debt Ins
truments\tab \up0 \expndtw-8\charscalex95 17,623\tab \up0 \expndtw-8\charscalex9
5 41,136\par\pard\li2270\sb0\sl-218\slmult0\par\pard\li2270\sb11\sl-218\slmult0\
fi0 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 Available-for-sale
Securities (AFS)\par\pard\li2270\sb9\sl-218\slmult0\fi71 \up0 \expndtw-8\charsca
lex95 \ul0\nosupersub\cf2\f3\fs19 - \ul0\nosupersub\cf8\f9\fs19 Fully paid-up o
rdinary shares\par\pard\li2270\sb9\sl-218\slmult0\fi240\tx9292\tx10454 \up0 \exp
ndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 - Listed companies\tab \up0 \exp
ndtw-8\charscalex95 358,556\tab \up0 \expndtw-8\charscalex95 533,549\par\pard\li
2270\sb4\sl-218\slmult0\fi240\tx9403\tx10574 \up0 \expndtw-8\charscalex95 - Unli
sted companies\tab \up0 \expndtw-8\charscalex95 57,982\tab \up0 \expndtw-8\chars
calex95 51,240\par\pard\li2270\sb8\sl-218\slmult0\fi71\tx9302\tx10468 \up0 \expn
dtw-8\charscalex95 - Debentures and Corporate Debt Instruments\tab \up0 \expndt
w-8\charscalex95 295,374\tab \up0 \expndtw-8\charscalex95 440,772\par\pard\li227
0\sb9\sl-218\slmult0\fi71\tx9532\tx10454 \up0 \expndtw-8\charscalex95 - Prefere
nce shares\tab \up0 \expndtw-8\charscalex95 -\tab \up0 \expndtw-8\charscalex95 1
00,000\par\pard\li2270\sb8\sl-218\slmult0\fi71\tx9331\tx10473 \up0 \expndtw-8\ch
arscalex95 - Units\tab \up0 \expndtw-8\charscalex95 171,084\tab \up0 \expndtw-8
\charscalex95 256,627\par\pard\li2270\sb4\sl-218\slmult0\fi0\tx9326\tx10488 \up0
\expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 Associates\tab \up0 \expndt
w-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 573,261\tab \up0 \expndtw-8\charsca
lex95 573,261\par\pard\li9163\sb23\sl-218\slmult0\fi0\tx10329 \up0 \expndtw-8\ch
arscalex96 1,473,880\tab \up0 \expndtw-8\charscalex96 1,996,585

}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
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}}
}
}}
}
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}}
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}
}}
}
}}
}
}}
}
8\slmult0\par\pard\li1670\sb18\sl-218\slmult0\fi0\tx2270 \up0 \expndtw-5\charsca
lex100 \ul0\nosupersub\cf1\f2\fs19 8.8\tab \up0 \expndtw-4\charscalex100 \ul0\no
supersub\cf2\f3\fs19 Investments held for maintaining the liquidity requirements
of the SBP amounted to Rs. 151.245 million as at\par\pard\ql \li2270\sb1\sl-20
3\slmult0 \up0 \expndtw-8\charscalex92 December 31, 2012 (2011: Rs. 111.394 mill
ion). \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb27\sl-218\sl
mult0\tx2270 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf1\f2\fs19 8.9 \tab
\up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf2\f3\fs19 Investments include Rs.
543.114 million as at December 31, 2012 (2011: Rs. 519.958 million) pledged wit
h SBP and \par\pard\ql \li2270\sb3\sl-218\slmult0 \up0 \expndtw-7\charscalex96 N
ational Bank of Pakistan against TT/DD discounting facilities and demand loan fa
cilities. \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb5\sl-218
\slmult0\tx2270 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 8.10 \
tab \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf2\f3\fs19 Investments include
Rs. 9.992 million as at December 31, 2012 (2011: Rs. 9.567 million) pledged wit
h the Controller \par\pard\ql \li2270\sb23\sl-218\slmult0 \up0 \expndtw-7\charsc
alex96 of Military Accounts in lieu of Regimental Fund Accounts being maintained
at various branches of the bank. \par\pard\ql \li1670\sb183\sl-218\slmult0\tx22
70 \up0 \expndtw-8\charscalex89 \ul0\nosupersub\cf1\f2\fs19 8.11 \tab \up0 \expn
dtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Investments include strategic in
vestments amounting to Rs. 6,669.633 million as at December 31, 2012 (2011: \par
\pard\ql \li2270\sb3\sl-218\slmult0 \up0 \expndtw-7\charscalex96 Rs. 6,208.819 m
illion) under BPD circular letter No. 16 of 2006 dated August 1, 2006. \par\pard
\ql \li1670\sb183\sl-218\slmult0\tx2270 \up0 \expndtw-8\charscalex95 \ul0\nosupe
rsub\cf1\f2\fs19 8.12 \tab \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf2\f3\
fs19 Information relating to investments including credit ratings in shares of l
isted and unlisted companies, redeemable \par\pard\qj \li2270\ri840\sb0\sl-240\s
lmult0 \up0 \expndtw-7\charscalex100 capital and bonds, required to be disclosed
as part of the financial statements by the SBP, is given in Annexure "I" \up0 \
expndtw-8\charscalex100 and is an integral part of these financial statements. \
par\pard\li8246\sb0\sl-218\slmult0\par\pard\li8246\sb27\sl-218\slmult0\fi0\tx912
9\tx10315 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 Note\tab \up
0 \expndtw-8\charscalex100 2012\tab \up0 \expndtw-8\charscalex100 2011\par\pard\
li1670\sb4\sl-218\slmult0\fi7603 \up0 \expndtw-8\charscalex94 (Rupees in '000)\p
ar\pard\li1670\sb8\sl-218\slmult0\fi0 \up0 \expndtw-7\charscalex95 8.13 Unreali
zed gain / (loss) on revaluation of held for trading securities\par\pard\li1670\
sb9\sl-218\slmult0\fi446\tx9345\tx10612 \up0 \expndtw-8\charscalex94 \ul0\nosupe
rsub\cf2\f3\fs19 Market Treasury Bills\tab \up0 \expndtw-8\charscalex94 16,298\t
ab \up0 \expndtw-8\charscalex94 1,503\par\pard\li1670\sb9\sl-218\slmult0\fi446\t
x9364\tx10473 \up0 \expndtw-8\charscalex94 Pakistan Investment Bonds\tab \up0 \e
xpndtw-8\charscalex94 11,699\tab \up0 \expndtw-8\charscalex94 (2,954)\par\pard\l
i1670\sb3\sl-218\slmult0\fi446\tx9331\tx10641 \up0 \expndtw-8\charscalex94 Share
s\tab \up0 \expndtw-8\charscalex94 (1,447)\tab \up0 \expndtw-8\charscalex94 -\pa
r\pard\li1670\sb9\sl-218\slmult0\fi446\tx9427\tx10641 \up0 \expndtw-8\charscalex
94 Overseas Government Securities\tab \up0 \expndtw-8\charscalex94 2,033\tab \up
0 \expndtw-8\charscalex94 -\par\pard\li1670\sb23\sl-218\slmult0\fi7656\tx10511 \
up0 \expndtw-8\charscalex94 28,583\tab \up0 \expndtw-8\charscalex94 (1,451)\par\
pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb11\sl-218\slmult0\fi0\tx2116 \u
p0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 9.\tab \up0 \expndtw-8\ch
arscalex94 ADVANCES\par\pard\li1670\sb182\sl-218\slmult0\fi446 \up0 \expndtw-8\c
harscalex94 \ul0\nosupersub\cf2\f3\fs19 Loans, cash credits, running finances, e
tc.\par\pard\li1670\sb8\sl-218\slmult0\fi686\tx8889\tx10118 \up0 \expndtw-8\char
scalex94 In Pakistan\tab \up0 \expndtw-8\charscalex94 385,628,553\tab \up0 \expn
dtw-8\charscalex94 361,151,387\par\pard\li1670\sb9\sl-218\slmult0\fi686\tx8985\t
x10166 \up0 \expndtw-8\charscalex94 Outside Pakistan\tab \up0 \expndtw-8\charsca
8\sl-218\slmult0\fi6772\tx10075 \up0 \expndtw-8\charscalex94 452,867,549\tab \up
0 \expndtw-8\charscalex94 421,376,963\par\pard\li2116\sb191\sl-218\slmult0\fi0\t
x8270\tx9124\tx10281 \up0 \expndtw-8\charscalex94 Net investment in finance leas
e - in Pakistan\tab \up0 \expndtw-8\charscalex94 9.1.3\tab \up0 \expndtw-8\chars
86\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex94 Bills discounted and purchase
d (excluding Government treasury bills):\par\pard\li2116\sb19\sl-218\slmult0\fi2
40\tx9052\tx10156 \up0 \expndtw-8\charscalex94 Payable in Pakistan\tab \up0 \exp
ard\li2116\sb8\sl-218\slmult0\fi240\tx9004\tx10204 \up0 \expndtw-8\charscalex94
Payable outside Pakistan\tab \up0 \expndtw-8\charscalex94 32,180,550\tab \up0 \e
xpndtw-8\charscalex94 24,451,110\par\pard\li2116\sb23\sl-218\slmult0\fi6878\tx10
195 \up0 \expndtw-8\charscalex95 44,303,122\tab \up0 \expndtw-8\charscalex95 34,
871,192\par\pard\li2116\sb4\sl-218\slmult0\fi0\tx8327\tx8908\tx10027 \up0 \expnd
tw-8\charscalex95 Provision against non-performing advances\tab \up0 \expndtw-8\

charscalex95 9.4\tab \up0 \expndtw-8\charscalex95 (41,691,160)\tab \up0 \expndtw
-8\charscalex95 (43,702,428)\par\pard\li2116\sb23\sl-218\slmult0\fi6748\tx10080
1,389\par\pard\li2116\sb52\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex94 \ul0\
nosupersub\cf1\f2\fs19 Fully provided non-performing advances classified as\par\
pard\li2116\sb8\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex94 loss for more th
an five years\par\pard\li2116\sb9\sl-218\slmult0\fi211\tx9009\tx10180 \up0 \expn
dtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 In Pakistan\tab \up0 \expndtw-8\c
harscalex94 18,622,245\tab \up0 \expndtw-8\charscalex94 13,640,851\par\pard\li21
16\sb4\sl-218\slmult0\fi211\tx8327\tx8889\tx10056 \up0 \expndtw-8\charscalex94 P
rovision\tab \up0 \expndtw-8\charscalex94 9.6\tab \up0 \expndtw-8\charscalex94 (
18,622,245)\tab \up0 \expndtw-8\charscalex94 (13,640,851)\par\pard\li9292\sb18\s
l-218\slmult0\fi0\tx10473 \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2\ch
arscalex100 -\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmu
lt0\par\pard\li1670\sb201\sl-218\slmult0\fi7454\tx10305 \up0 \expndtw-8\charscal
ex95 \ul0\nosupersub\cf1\f2\fs19 2012\tab \up0 \expndtw-8\charscalex95 2011\par\
pard\li1670\sb4\sl-218\slmult0\fi0\tx2116\tx9264 \up0 \expndtw-8\charscalex95 9.
1\tab \up0 \expndtw-8\charscalex95 Particulars of advances\tab \up0 \expndtw-8\c
harscalex95 (Rupees in '000)\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\
sb16\sl-218\slmult0\fi0\tx8904\tx10051 \up0 \expndtw-8\charscalex95 9.1.1 \ul0\n
osupersub\cf2\f3\fs19 In local currency\tab \up0 \expndtw-8\charscalex95 365,643
,551\tab \up0 \expndtw-8\charscalex95 333,739,450\par\pard\li1670\sb186\sl-218\s
lmult0\fi446 \up0 \expndtw-8\charscalex95 In foreign currency including foreign
currency financing\par\pard\li1670\sb9\sl-218\slmult0\fi446 \up0 \expndtw-8\char
scalex95 by domestic branches amounting to Rs. 19,631.886 million\par\pard\li16
70\sb9\sl-218\slmult0\fi571\tx8976\tx10176 \up0 \expndtw-8\charscalex95 (2011: R
s. 20,045.548 million)\tab \up0 \expndtw-8\charscalex95 94,427,083\tab \up0 \exp
ndtw-8\charscalex95 82,521,939\par\pard\li1670\sb18\sl-218\slmult0\fi7195\tx1008
0 \up0 \expndtw-8\charscalex96 460,070,634\tab \up0 \expndtw-8\charscalex96 416,
261,389\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb54\sl-218\slmult0\f
i0\tx8899\tx10060 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 9.1.2
\ul0\nosupersub\cf2\f3\fs19 Short term (for upto one year)\tab \up0 \expndtw-8\
charscalex96 315,849,032\tab \up0 \expndtw-8\charscalex96 218,566,908\par\pard\l
i1670\sb9\sl-218\slmult0\fi446\tx8918\tx10084 \up0 \expndtw-8\charscalex96 Long
term (for over one year)\tab \up0 \expndtw-8\charscalex96 144,221,602\tab \up0 \
expndtw-8\charscalex96 197,694,481\par\pard\li8865\sb23\sl-218\slmult0\fi0\tx100
80 \up0 \expndtw-8\charscalex100 460,070,634\tab \up0 \expndtw-8\charscalex100 4
16,261,389
}
}}
}

}}
}
}}
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}}
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}}
}
}}
}

}}
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}}
}
}}
}
}}
}

}}
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}}
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}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
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}
}}
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}}
}

}}
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}

}}
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}

}}
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}
}}
}
}}
}
}}
}

\fi0\tx6215\tx9619 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 9.1.
3 Net investment in finance lease\tab \up0 \expndtw-8\charscalex95 2012\tab \up0
\expndtw-8\charscalex95 2011\par\pard\li2116\sb18\sl-195\slmult0\fi2683\tx8184
\up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf3\f4\fs17 Not later Later than
More than\tab \up0 \expndtw-7\charscalex96 Not later
Later than More than
\par\pard\li2116\sb3\sl-195\slmult0\fi2697\tx7468\tx8198\tx10857 \up0 \expndtw-7
\charscalex96 than one
one and
five years\tab \up0 \expndtw-7\charscale
x96 Total\tab \up0 \expndtw-7\charscalex96 than one
one and
five year
s\tab \up0 \expndtw-7\charscalex96 Total\par\pard\li2116\sb8\sl-195\slmult0\fi28
31\tx5649\tx8361\tx9047 \up0 \expndtw-7\charscalex96 year\tab \up0 \expndtw-7\ch
arscalex96 less than\tab \up0 \expndtw-7\charscalex96 year\tab \up0 \expndtw-7\c
harscalex96 less than\par\pard\li2116\sb12\sl-195\slmult0\fi3489\tx9052 \up0 \ex
pndtw-7\charscalex96 five years\tab \up0 \expndtw-7\charscalex96 five years\par\
pard\li2116\sb3\sl-195\slmult0\fi2803 \up0 \expndtw-7\charscalex97 ---------------------------------- (Rupees in '000) ------------------------------------------\par\pard\li2116\sb166\sl-195\slmult0\fi0\tx4943\tx5606\tx6470\tx7320\tx8424\
tx9028\tx9840\tx10756 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf4\f5\fs17 L
ease rentals receivable\tab \up0 \expndtw-7\charscalex96 22,966\tab \up0 \expndt
w-7\charscalex96 4,926,753\tab \up0 \expndtw-7\charscalex96 1,083,631\tab \up0 \
expndtw-7\charscalex96 6,033,350\tab \up0 \expndtw-7\charscalex96 27,212\tab \up
0 \expndtw-7\charscalex96 3,833,610\tab \up0 \expndtw-7\charscalex96 1,059,103\t
0\tx5270\tx5904\tx6772\tx7622\tx8630\tx9220\tx10113\tx10968 \up0 \expndtw-7\char
scalex96 Residual value\tab \up0 \expndtw-7\charscalex96 31\tab \up0 \expndtw-7\
charscalex96 6,605\tab \up0 \expndtw-7\charscalex96 1,452\tab \up0 \expndtw-7\ch
arscalex96 8,088\tab \up0 \expndtw-7\charscalex96 215\tab \up0 \expndtw-7\charsc
alex96 30,006\tab \up0 \expndtw-7\charscalex96 8,392\tab \up0 \expndtw-7\charsca
\tx8404\tx9028\tx9830\tx10732 \up0 \expndtw-7\charscalex96 Gross investment in f
inance lease\tab \up0 \expndtw-7\charscalex96 22,997\tab \up0 \expndtw-7\charsca
lex96 4,933,358\tab \up0 \expndtw-7\charscalex96 1,085,083\tab \up0 \expndtw-7\c
harscalex96 6,041,438\tab \up0 \expndtw-7\charscalex96 27,427\tab \up0 \expndtw7\charscalex96 3,863,616\tab \up0 \expndtw-7\charscalex96 1,067,495\tab \up0 \ex
pndtw-7\charscalex96 4,958,538\par\pard\li2116\sb2\sl-195\slmult0\fi0\tx4943\tx5
539\tx6494\tx7257\tx8400\tx9047\tx9878\tx10651 \up0 \expndtw-7\charscalex96 Unea
rned finance income\tab \up0 \expndtw-7\charscalex94 (1,474)\tab \up0 \expndtw-7
\charscalex96 (1,132,010)\tab \up0 \expndtw-7\charscalex94 (316,831)\tab \up0 \e
xpndtw-7\charscalex96 (1,450,315)\tab \up0 \expndtw-7\charscalex96 (1,991)\tab \
up0 \expndtw-7\charscalex96 (927,568)\tab \up0 \expndtw-7\charscalex91 (313,317)
\tab \up0 \expndtw-7\charscalex96 (1,242,876)\par\pard\li2116\sb22\sl-195\slmult
0\fi0\tx4972\tx5601\tx6585\tx7372\tx8385\tx9009\tx9969\tx10771 \up0 \expndtw-7\c
harscalex96 Net investment in finance lease\tab \up0 \expndtw-7\charscalex96 21,
523\tab \up0 \expndtw-7\charscalex96 3,801,348\tab \up0 \expndtw-7\charscalex96
768,252\tab \up0 \expndtw-7\charscalex96 4,591,123\tab \up0 \expndtw-7\charscale
x96 25,436\tab \up0 \expndtw-7\charscalex96 2,936,048\tab \up0 \expndtw-7\charsc
alex96 754,178\tab \up0 \expndtw-7\charscalex96 3,715,662\par\pard\ql \li1670\sb
0\sl-220\slmult0 \par\pard\ql\li1670\ri833\sb53\sl-220\slmult0\tx2116\tx2116 \up
0 \expndtw-7\charscalex96 \ul0\nosupersub\cf1\f2\fs19 9.2 \ul0\nosupersub\cf2\f3
\fs19 Advances include Rs. 50,667.052 million (2011: Rs. 51,313.511 million) w
hich have been placed under non-performing \line\tab \up0 \expndtw-7\charscalex9
6 status, other than those accounts classified as loss and fully provided for mo
re than five years which have been placed \line \tab \up0 \expndtw-8\charscalex9
6 in separate category as referred to in note 9.6 as detailed below: \par\pard\q
l \li7454\sb0\sl-195\slmult0 \par\pard\ql\li7454\sb46\sl-195\slmult0 \up0 \expnd
tw-7\charscalex97 \ul0\nosupersub\cf3\f4\fs17 2012 \par\pard\li1987\sb32\sl-172\
slmult0\fi0\tx4281\tx6844\tx9244 \up0 \expndtw-6\charscalex95 \ul0\nosupersub\cf

5\f6\fs15 Category of\tab \up0 \expndtw-6\charscalex95 Non-performing advances\t
ab \up0 \expndtw-6\charscalex95 Provision required and held\tab \up0 \expndtw-6\
charscalex95 Net non-performing advances\par\pard\li1987\sb25\sl-172\slmult0\fi0
\tx4012\tx4876\tx5822\tx6542\tx7406\tx8414\tx9096\tx10804 \up0 \expndtw-6\charsc
alex95 classification\tab \up0 \expndtw-6\charscalex95 Domestic\tab \up0 \expndt
w-6\charscalex95 Overseas\tab \up0 \expndtw-6\charscalex95 Total\tab \up0 \expnd
tw-6\charscalex95 Domestic\tab \up0 \expndtw-6\charscalex95 Overseas\tab \up0 \e
xpndtw-6\charscalex95 Total\tab \up0 \expndtw-6\charscalex95 Domestic
Oversea
79 \up0 \expndtw-5\charscalex100 ------------------------------------- (Rupees i
n '000) ------------------------------------------\par\pard\li1987\sb12\sl-172\s
lmult0\fi0 \up0 \expndtw-5\charscalex100 Specific provision\par\pard\li1987\sb11
\sl-172\slmult0\fi0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf7\f8\fs15 Ot
her assets especially\par\pard\li1987\sb7\sl-172\slmult0\fi0\tx4233\tx5121\tx588
9\tx6796\tx7651\tx8534\tx9235\tx10108\tx10862 \up0 \expndtw-5\charscalex100 ment
ioned\tab \up0 \expndtw-5\charscalex100 610,771\tab \up0 \expndtw-5\charscalex10
0 -\tab \up0 \expndtw-5\charscalex100 610,771\tab \up0 \expndtw-5\charscalex100
-\tab \up0 \expndtw-5\charscalex100 -\tab \up0 \expndtw-5\charscalex100 -\tab \u
p0 \expndtw-5\charscalex100 610,771\tab \up0 \expndtw-5\charscalex100 -\tab \up0
tx4891\tx5745\tx6595\tx7569\tx8390\tx9067\tx9984\tx10737 \up0 \expndtw-5\charsca
lex100 Substandard\tab \up0 \expndtw-5\charscalex100 5,609,462\tab \up0 \expndtw
-5\charscalex100 1,063,854\tab \up0 \expndtw-5\charscalex100 6,673,316\tab \up0
\expndtw-5\charscalex100 1,360,027\tab \up0 \expndtw-5\charscalex100 198,284\tab
435\tab \up0 \expndtw-5\charscalex100 865,570\tab \up0 \expndtw-5\charscalex100
5,115,005\par\pard\li1987\sb7\sl-172\slmult0\fi0\tx4123\tx4924\tx5740\tx6609\tx7
598\tx8342\tx9124\tx9902\tx10704 \up0 \expndtw-5\charscalex100 Doubtful\tab \up0
\expndtw-5\charscalex100 4,315,131\tab \up0 \expndtw-5\charscalex100 1,867,471\
tab \up0 \expndtw-5\charscalex100 6,182,602\tab \up0 \expndtw-5\charscalex100 2,
102,214\tab \up0 \expndtw-5\charscalex100 791,318\tab \up0 \expndtw-5\charscalex
arscalex100 1,076,153\tab \up0 \expndtw-5\charscalex100 3,289,070\par\pard\li198
7\sb11\sl-172\slmult0\fi0\tx3974\tx4934\tx5649\tx6513\tx7483\tx8280\tx9100\tx100
27\tx10708 \up0 \expndtw-5\charscalex100 Loss\tab \up0 \expndtw-5\charscalex100
30,083,005\tab \up0 \expndtw-6\charscalex91 7,117,358\tab \up0 \expndtw-5\charsc
alex100 37,200,363\tab \up0 \expndtw-5\charscalex100 28,156,285\tab \up0 \expndt
w-5\charscalex100 6,997,177\tab \up0 \expndtw-5\charscalex100 35,153,462\tab \up
0 \expndtw-5\charscalex100 1,926,720\tab \up0 \expndtw-5\charscalex100 120,181\t
ab \up0 \expndtw-5\charscalex100 2,046,901\par\pard\li1987\sb21\sl-172\slmult0\f
i2006\tx4800\tx5654\tx6527\tx7468\tx8256\tx9062\tx9873\tx10684 \up0 \expndtw-6\c
harscalex100 40,618,369\tab \up0 \expndtw-6\charscalex100 10,048,683\tab \up0 \e
xpndtw-6\charscalex100 50,667,052\tab \up0 \expndtw-6\charscalex100 31,618,526\t
ab \up0 \expndtw-6\charscalex100 7,986,779\tab \up0 \expndtw-6\charscalex100 39,
605,305\tab \up0 \expndtw-6\charscalex100 8,999,843\tab \up0 \expndtw-6\charscal
ex100 2,061,904\tab \up0 \expndtw-6\charscalex100 11,061,747\par\pard\li1987\sb1
2\sl-172\slmult0\fi0\tx3513\tx4267\tx5121\tx5947\tx6595\tx7574\tx8342\tx9350\tx1
0108\tx10929 \up0 \expndtw-6\charscalex100 \ul0\nosupersub\cf5\f6\fs15 General p
rovision\tab \up0 \expndtw-6\charscalex100 9.2.2\tab \up0 \expndtw-6\charscalex1
00 \ul0\nosupersub\cf7\f8\fs15 -\tab \up0 \expndtw-6\charscalex100 -\tab \up0 \e
xpndtw-6\charscalex100 -\tab \up0 \expndtw-6\charscalex100 1,532,092\tab \up0 \e
xpndtw-6\charscalex100 553,763\tab \up0 \expndtw-6\charscalex100 2,085,855\tab \
up0 \expndtw-6\charscalex100 -\tab \up0 \expndtw-6\charscalex100 -\tab \up0 \exp
523\tx7440\tx8299\tx9062\tx9873\tx10684 \up0 \expndtw-6\charscalex100 40,618,369
\tab \up0 \expndtw-6\charscalex100 10,048,683\tab \up0 \expndtw-6\charscalex100
50,667,052\tab \up0 \expndtw-6\charscalex100 33,150,618\tab \up0 \expndtw-6\char
scalex100 8,540,542\tab \up0 \expndtw-6\charscalex93 41,691,160\tab \up0 \expndt
\expndtw-6\charscalex100 11,061,747\par\pard\li1987\sb0\sl-218\slmult0\par\pard
\li1987\sb0\sl-218\slmult0\par\pard\li1987\sb12\sl-218\slmult0\fi5462 \up0 \expn
dtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 2011\par\pard\li1987\sb28\sl-172\
slmult0\fi0\tx4281\tx6844\tx9244 \up0 \expndtw-6\charscalex95 \ul0\nosupersub\cf
5\f6\fs15 Category of\tab \up0 \expndtw-6\charscalex95 Non-performing advances\t
ab \up0 \expndtw-6\charscalex95 Provision required and held\tab \up0 \expndtw-6\
charscalex95 Net non-performing advances\par\pard\li1987\sb21\sl-172\slmult0\fi0
\tx4012\tx4896\tx5822\tx6566\tx7430\tx8414\tx9120\tx10804 \up0 \expndtw-6\charsc
alex95 classification\tab \up0 \expndtw-6\charscalex95 Domestic\tab \up0 \expndt
w-6\charscalex95 Overseas\tab \up0 \expndtw-6\charscalex95 Total\tab \up0 \expnd
tw-6\charscalex95 Domestic\tab \up0 \expndtw-6\charscalex95 Overseas\tab \up0 \e
xpndtw-6\charscalex95 Total\tab \up0 \expndtw-6\charscalex95 Domestic
Oversea
779 \up0 \expndtw-4\charscalex100 ------------------------------------- (Rupees
in '000) ------------------------------------------\par\pard\li1987\sb7\sl-172\s
lmult0\fi0 \up0 \expndtw-5\charscalex100 Specific provision\par\pard\li1987\sb6\
sl-172\slmult0\fi0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf7\f8\fs15 Oth
er assets especially\par\pard\li1987\sb12\sl-172\slmult0\fi0\tx4132\tx5121\tx578
8\tx6796\tx7651\tx8534\tx9134\tx10108\tx10766 \up0 \expndtw-5\charscalex100 ment
ioned\tab \up0 \expndtw-5\charscalex100 1,112,720\tab \up0 \expndtw-5\charscalex
100 -\tab \up0 \expndtw-5\charscalex100 1,112,720\tab \up0 \expndtw-5\charscalex
100 -\tab \up0 \expndtw-5\charscalex100 -\tab \up0 \expndtw-5\charscalex100 -\ta
b \up0 \expndtw-5\charscalex100 1,112,720\tab \up0 \expndtw-5\charscalex100 -\ta
b \up0 \expndtw-5\charscalex100 1,112,720\par\pard\li1987\sb6\sl-172\slmult0\fi0
\tx4075\tx5025\tx5740\tx6600\tx7636\tx8371\tx9081\tx10017\tx10704 \up0 \expndtw5\charscalex100 Substandard\tab \up0 \expndtw-5\charscalex100 5,362,602\tab \up0
\expndtw-5\charscalex100 331,675\tab \up0 \expndtw-5\charscalex100 5,694,277\ta
b \up0 \expndtw-5\charscalex100 1,265,232\tab \up0 \expndtw-5\charscalex100 58,5
4,097,370\tab \up0 \expndtw-5\charscalex100 273,172\tab \up0 \expndtw-5\charscal
ex100 4,370,542\par\pard\li1987\sb7\sl-172\slmult0\fi0\tx4089\tx4876\tx5740\tx65
95\tx7473\tx8337\tx9120\tx9974\tx10704 \up0 \expndtw-5\charscalex100 Doubtful\ta
9,098\tab \up0 \expndtw-5\charscalex100 6,252,879\tab \up0 \expndtw-5\charscalex
dtw-5\charscalex100 583,549\tab \up0 \expndtw-5\charscalex100 2,565,440\par\pard
\li1987\sb11\sl-172\slmult0\fi0\tx4003\tx4896\tx5644\tx6499\tx7464\tx8280\tx9201
\tx9979\tx10732 \up0 \expndtw-5\charscalex100 Loss\tab \up0 \expndtw-5\charscale
x100 30,557,708\tab \up0 \expndtw-5\charscalex100 7,695,926\tab \up0 \expndtw-5\
charscalex100 38,253,634\tab \up0 \expndtw-5\charscalex100 29,834,144\tab \up0 \
expndtw-5\charscalex100 7,273,500\tab \up0 \expndtw-5\charscalex100 37,107,644\t
ab \up0 \expndtw-5\charscalex100 723,564\tab \up0 \expndtw-5\charscalex100 422,4
t0\fi2025\tx4828\tx5697\tx6504\tx7459\tx8299\tx9105\tx9912\tx10713 \up0 \expndtw
\expndtw-6\charscalex95 51,313,510\tab \up0 \expndtw-6\charscalex95 33,081,266\t
ab \up0 \expndtw-6\charscalex95 9,037,552\tab \up0 \expndtw-6\charscalex95 42,11
72\slmult0\fi0\tx4267\tx5121\tx5947\tx6604\tx7555\tx8371\tx9350\tx10108\tx10929
\up0 \expndtw-6\charscalex95 \ul0\nosupersub\cf5\f6\fs15 General provision\tab \
up0 \expndtw-6\charscalex95 \ul0\nosupersub\cf7\f8\fs15 -\tab \up0 \expndtw-6\ch
1,277,090\tab \up0 \expndtw-6\charscalex95 306,520\tab \up0 \expndtw-6\charscal
ex95 1,583,610\tab \up0 \expndtw-6\charscalex95 -\tab \up0 \expndtw-6\charscalex
95 -\tab \up0 \expndtw-6\charscalex95 -\par\pard\li4012\sb21\sl-172\slmult0\fi0\
\charscalex96 51,313,510\tab \up0 \expndtw-6\charscalex96 34,358,356\tab \up0 \e
xpndtw-6\charscalex96 9,344,072\tab \up0 \expndtw-6\charscalex96 43,702,428\tab

7\tab \up0 \expndtw-6\charscalex96 9,194,692\par\pard\qj \li1670\sb0\sl-220\slmu
lt0 \par\pard\qj\li1670\ri1089\sb166\sl-220\slmult0\tx2116 \up0 \expndtw-7\chars
calex95 \ul0\nosupersub\cf1\f2\fs19 9.2.1 \ul0\nosupersub\cf2\f3\fs19 Classifica
tion of overseas non-performing advances and provision there against and general
provisioning of overseas \line\tab \up0 \expndtw-7\charscalex95 have been made
in accordance with the accounting policy as referred in note 4.4. \par\pard\qj \
li1670\sb0\sl-220\slmult0 \par\pard\qj\li1670\ri846\sb20\sl-220\slmult0\tx2116 \
up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf1\f2\fs19 9.2.2 \ul0\nosupersub\cf
2\f3\fs19 This includes general provision for agri loans amounting to Rs. 775 mi
llion which has been maintained by the Bank on \line\tab \up0 \expndtw-7\charsca
lex96 prudent basis as the Bank is in process of analyzing the impact of flood e
ffected portfolio on account by account level. \par\pard\ql \li1670\sb0\sl-220\s
lmult0 \par\pard\ql\li1670\ri835\sb20\sl-220\slmult0\tx2116\tx2116 \up0 \expndtw
-4\charscalex100 \ul0\nosupersub\cf1\f2\fs19 9.3 \ul0\nosupersub\cf2\f3\fs19 T
he Bank monitors non-performing advances classified as loss for more than five y
ears and fully provided as a \line\tab \up0 \expndtw-7\charscalex100 separate ca
tegory as shown in note 9.6. This category is not included in note 9.2 and in an
alytical break-up of other \line \tab \up0 \expndtw-8\charscalex100 notes.
}
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}
\fi0\tx2035 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 9.4\tab \up
0 \expndtw-8\charscalex93 Particulars of provision against non-performing advanc
es\par\pard\li2035\sb0\sl-195\slmult0\par\pard\li2035\sb6\sl-195\slmult0\fi3153\
tx6806\tx9566 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf3\f4\fs17 Note\tab
\up0 \expndtw-7\charscalex96 2012\tab \up0 \expndtw-7\charscalex96 2011\par\pard
\li2035\sb22\sl-195\slmult0\fi3782\tx6720\tx7684\tx8524\tx9441\tx10478 \up0 \exp
ndtw-7\charscalex96 Specific\tab \up0 \expndtw-7\charscalex96 General\tab \up0 \
expndtw-7\charscalex96 Total\tab \up0 \expndtw-7\charscalex96 Specific\tab \up0
\expndtw-7\charscalex96 General\tab \up0 \expndtw-7\charscalex96 Total\par\pard\
li2035\sb12\sl-195\slmult0\fi3912 \up0 \expndtw-7\charscalex97 -------------------------- (Rupees in '000) ----------------------------\par\pard\li2035\sb0\sl195\slmult0\par\pard\li2035\sb10\sl-195\slmult0\fi0\tx5745\tx6667\tx7473\tx8409\
tx9427\tx10295 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf4\f5\fs17 Opening
balance\tab \up0 \expndtw-7\charscalex96 42,118,818\tab \up0 \expndtw-7\charscal
ex96 1,583,610\tab \up0 \expndtw-7\charscalex96 43,702,428\tab \up0 \expndtw-7\c
harscalex96 37,038,350\tab \up0 \expndtw-7\charscalex96 1,380,868\tab \up0 \expn
dtw-7\charscalex96 38,419,218\par\pard\li2035\sb12\sl-195\slmult0\fi0\tx6009\tx6
868\tx7828\tx8649\tx9739\tx10488 \up0 \expndtw-7\charscalex96 Exchange adjustmen
t / other movement\tab \up0 \expndtw-7\charscalex96 60,798\tab \up0 \expndtw-7\c
harscalex96 36,773\tab \up0 \expndtw-7\charscalex96 97,571\tab \up0 \expndtw-7\c
harscalex96 746,210\tab \up0 \expndtw-7\charscalex96 8,679\tab \up0 \expndtw-7\c
harscalex96 754,889\par\pard\li2035\sb22\sl-195\slmult0\fi0\tx5788\tx6763\tx7588
\tx8539\tx9552\tx10363 \up0 \expndtw-7\charscalex96 Charge for the year\tab \up0
\expndtw-7\charscalex96 6,863,545\tab \up0 \expndtw-7\charscalex96 489,473\tab
0\tab \up0 \expndtw-7\charscalex96 208,320\tab \up0 \expndtw-7\charscalex96 7,66
9,530\par\pard\li2035\sb8\sl-195\slmult0\fi0\tx5841\tx6753\tx7617\tx8524\tx9571\
tx10401 \up0 \expndtw-7\charscalex96 Reversals\tab \up0 \expndtw-7\charscalex96
(787,681)\tab \up0 \expndtw-7\charscalex96 (24,001)\tab \up0 \expndtw-7\charscal
ex96 (811,682)\tab \up0 \expndtw-7\charscalex96 (401,036)\tab \up0 \expndtw-7\ch
arscalex96 (14,257)\tab \up0 \expndtw-7\charscalex96 (415,293)\par\pard\li2035\s
b17\sl-195\slmult0\fi0\tx5788\tx6772\tx7579\tx8524\tx9566\tx10382 \up0 \expndtw7\charscalex96 Net charge against non-performing loans\tab \up0 \expndtw-7\chars
calex96 6,075,864\tab \up0 \expndtw-7\charscalex96 465,472\tab \up0 \expndtw-7\c
harscalex96 6,541,336\tab \up0 \expndtw-7\charscalex96 7,060,174\tab \up0 \expnd
tw-7\charscalex96 194,063\tab \up0 \expndtw-7\charscalex96 7,254,237\par\pard\li
2035\sb12\sl-195\slmult0\fi0\tx5246\tx5716\tx6935\tx7487\tx8534\tx9681\tx10396 \
up0 \expndtw-7\charscalex96 Write offs\tab \up0 \expndtw-7\charscalex96 9.7\tab
\up0 \expndtw-7\charscalex96 (2,656,791)\tab \up0 \expndtw-7\charscalex96 -\tab
\up0 \expndtw-7\charscalex96 (2,656,791)\tab \up0 \expndtw-7\charscalex96 (753,5
95) -\tab \up0 \expndtw-7\charscalex96 -\tab \up0 \expndtw-7\charscalex96 (753,5
95)\par\pard\li2035\sb8\sl-195\slmult0\fi0\tx5236\tx5673\tx6935\tx7449\tx8447\tx
9681\tx10305 \up0 \expndtw-7\charscalex96 Transferred to over 5 years category\t
ab \up0 \expndtw-7\charscalex96 9.6\tab \up0 \expndtw-7\charscalex96 (5,993,384)
\tab \up0 \expndtw-7\charscalex96 -\tab \up0 \expndtw-7\charscalex96 (5,993,384)
\tab \up0 \expndtw-7\charscalex96 (1,972,321)\tab \up0 \expndtw-7\charscalex96 \tab \up0 \expndtw-7\charscalex96 (1,972,321)\par\pard\li2035\sb22\sl-195\slmult
0\fi0\tx5697\tx6638\tx7521\tx8452\tx9460\tx10267 \up0 \expndtw-7\charscalex96 Cl
osing balance\tab \up0 \expndtw-7\charscalex96 39,605,305\tab \up0 \expndtw-7\ch
\expndtw-7\charscalex96 43,702,428\par\pard\li2035\sb0\sl-195\slmult0\par\pard\
li2035\sb57\sl-195\slmult0\fi0\tx5740\tx6657\tx7507\tx8419\tx9460\tx10262 \up0 \
expndtw-7\charscalex96 In local currency\tab \up0 \expndtw-7\charscalex96 31,618
,526\tab \up0 \expndtw-7\charscalex96 1,532,092\tab \up0 \expndtw-7\charscalex96
scalex96 1,277,090\tab \up0 \expndtw-7\charscalex96 34,358,356\par\pard\li2035\s
b3\sl-195\slmult0\fi0\tx5817\tx6782\tx7560\tx8515\tx9556\tx10358 \up0 \expndtw-7
\charscalex96 In foreign currency\tab \up0 \expndtw-7\charscalex96 7,986,779\tab
\up0 \expndtw-7\charscalex96 553,763\tab \up0 \expndtw-7\charscalex96 8,540,542
\tab \up0 \expndtw-7\charscalex96 9,037,552\tab \up0 \expndtw-7\charscalex96 306
,520\tab \up0 \expndtw-7\charscalex96 9,344,072\par\pard\li5697\sb27\sl-195\slmu
lt0\fi0\tx6638\tx7521\tx8452\tx9460\tx10267 \up0 \expndtw-7\charscalex95 39,605,

calex95 1,583,610\tab \up0 \expndtw-7\charscalex95 43,702,428\par\pard\ql \li167
0\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\
sb49\sl-218\slmult0\tx2049 \up0 \expndtw-6\charscalex100 \ul0\nosupersub\cf1\f2\
fs19 9.5 \tab \up0 \expndtw-8\charscalex93 Forced sale value (FSV) against non-p
erforming advances \par\pard\qj \li2049\sb0\sl-222\slmult0 \par\pard\qj\li2049\r
i904\sb17\sl-222\slmult0 \up0 \expndtw-7\charscalex95 \ul0\nosupersub\cf2\f3\fs1
9 In accordance with BSD Circular No. 2 dated January 27, 2009 and BSD Circular
No.10 dated October 20, 2009 issued \line \up0 \expndtw-5\charscalex100 by the S
BP, the Bank has availed the benefit of FSV against the non-performing advances
(excluding consumer \line \up0 \expndtw-6\charscalex100 housing finance portfoli
o). Had this benefit of FSV not been taken by the Bank, the specific provision a
gainst non-\line \up0 \expndtw-6\charscalex100 performing advances as at Decembe
r 31, 2012 would have been higher by Rs. 1,707.585 million and profit before \li
ne \up0 \expndtw-7\charscalex98 taxation for the year ended December 31, 2012 wo
uld have been lower by approximately Rs 1,019.859 million (after \line \up0 \exp
ndtw-7\charscalex100 taking into account the effect of discounting of FSV taken
in previous year). Increase in retained earnings net of tax \line \up0 \expndtw5\charscalex100 amounting to Rs. 1,109.930 million would not be available for th
e distribution of cash and stock dividend to share \line \up0 \expndtw-8\charsca
lex94 holders. \par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\sl
mult0\par\pard\li1670\sb26\sl-218\slmult0\fi6796\tx9292\tx10382 \up0 \expndtw-8\
charscalex94 \ul0\nosupersub\cf1\f2\fs19 Note\tab \up0 \expndtw-8\charscalex94 2
\tx2203\tx9412 \up0 \expndtw-8\charscalex94 9.6\tab \up0 \expndtw-8\charscalex94
Particulars of provision against fully provided non-performing\tab \up0 \expndt
w-8\charscalex94 (Rupees in \u8216?000)\par\pard\li1670\sb4\sl-218\slmult0\fi532
\up0 \expndtw-8\charscalex94 advances classified as loss for more than five yea
rs\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb16\sl-218\slmult0\fi532\
tx9105\tx10224 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 Opening
balance\tab \up0 \expndtw-8\charscalex94 13,640,851\tab \up0 \expndtw-8\charscal
ex94 12,527,683\par\pard\li1670\sb9\sl-218\slmult0\fi532\tx9345\tx10535 \up0 \ex
pndtw-8\charscalex94 Transferred to interest suspense\tab \up0 \expndtw-8\charsc
alex94 (18,617)\tab \up0 \expndtw-8\charscalex94 -\par\pard\li1670\sb3\sl-218\sl
mult0\fi532\tx9201\tx10377 \up0 \expndtw-8\charscalex94 Reversal\tab \up0 \expnd
tw-8\charscalex94 (922,822)\tab \up0 \expndtw-8\charscalex94 (816,117)\par\pard\
li1670\sb9\sl-218\slmult0\fi532\tx8524\tx9167\tx10348 \up0 \expndtw-8\charscalex
94 Transferred during the year\tab \up0 \expndtw-8\charscalex94 9.4\tab \up0 \ex
rd\li1670\sb8\sl-218\slmult0\fi532\tx8553\tx9331\tx10401 \up0 \expndtw-8\charsca
lex94 Write offs\tab \up0 \expndtw-8\charscalex94 9.7\tab \up0 \expndtw-8\charsc
alex94 (70,551)\tab \up0 \expndtw-8\charscalex94 (43,036)\par\pard\li1670\sb23\s
l-218\slmult0\fi7430\tx10219 \up0 \expndtw-8\charscalex95 18,622,245\tab \up0 \e
\up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 9.7\tab \up0 \expndtw-8
\charscalex95 Particulars of write-offs\par\pard\li1670\sb0\sl-218\slmult0\par\p
ard\li1670\sb12\sl-218\slmult0\fi0\tx9201\tx10459 \up0 \expndtw-8\charscalex95 9
.7.1 \ul0\nosupersub\cf2\f3\fs19 Against provisions\tab \up0 \expndtw-8\charsca
lex95 2,727,342\tab \up0 \expndtw-8\charscalex95 796,631\par\pard\li1670\sb0\sl218\slmult0\par\pard\li1670\sb54\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex95
\ul0\nosupersub\cf1\f2\fs19 9.7.2 Analysis of write-offs\par\pard\li1670\sb0\s
l-218\slmult0\par\pard\li1670\sb12\sl-218\slmult0\fi532\tx9422\tx10526 \up0 \exp
ndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 Rs. 500,000 and above in Pakista
n (Note 9.8)\tab \up0 \expndtw-8\charscalex95 97,504\tab \up0 \expndtw-8\charsca
lex95 53,038\par\pard\li1670\sb8\sl-218\slmult0\fi532\tx9172\tx10440 \up0 \expnd
tw-8\charscalex95 Below Rs. 500, 000 in Pakistan and overseas\tab \up0 \expndtw8\charscalex95 2,629,838\tab \up0 \expndtw-8\charscalex95 743,593\par\pard\li920
1\sb23\sl-218\slmult0\fi0\tx10459 \up0 \expndtw-8\charscalex94 2,727,342\tab \up
0 \expndtw-8\charscalex94 796,631\par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pa

rd\ql\li1670\sb53\sl-218\slmult0\tx2203 \up0 \expndtw-4\charscalex100 \ul0\nosup
ersub\cf1\f2\fs19 9.8 \tab \up0 \expndtw-8\charscalex96 Details of advances writ
e-off of Rs 500,000 and above \par\pard\qj \li2203\ri894\sb213\sl-230\slmult0 \u
p0 \expndtw-7\charscalex96 \ul0\nosupersub\cf2\f3\fs19 The statement required un
der sub-section (3) of Section 33A of the Banking Companies Ordinance, 1962 in r
espect \up0 \expndtw-7\charscalex97 of written-off advances or any other financi
al relief of five hundred thousand rupees or above allowed to a person(s) \up0 \
expndtw-8\charscalex97 during the year ended December 31, 2012 is given in Annex
ure II.
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
l-218\slmult0 \par\pard\ql \li1670\sb167\sl-218\slmult0\tx2135 \up0 \expndtw-5\c
harscalex100 \ul0\nosupersub\cf1\f2\fs19 9.9\tab \up0 \expndtw-8\charscalex93 Pa
rticulars of advances to\par\pard\ql \li2188\sb23\sl-218\slmult0 \up0 \expndtw-8
\charscalex92 directors, associated companies, etc\par\pard\ql \li2140\sb0\sl-19
5\slmult0 \par\pard\ql \li2140\sb0\sl-195\slmult0 \par\pard\ql \li2140\sb0\sl-19
5\slmult0 \par\pard\ql \li2140\sb26\sl-195\slmult0 \up0 \expndtw-7\charscalex95
\ul0\nosupersub\cf4\f5\fs17 Debts due by directors or executives of\par\pard\ql
\li2217\sb8\sl-195\slmult0 \up0 \expndtw-7\charscalex95 the Bank or any of them
either severally\par\pard\ql \li2217\sb12\sl-195\slmult0 \up0 \expndtw-7\charsca
lex100 or jointly with any other persons\par\pard\ql \li2217\sb8\sl-195\slmult0
\up0 \expndtw-7\charscalex100 - n respect of directors\par\pard\ql \li2217\sb3\s
l-195\slmult0 \up0 \expndtw-7\charscalex95 - n respect of executives *(other t
han key\par\pard\ql \li2409\sb12\sl-195\slmult0 \up0 \expndtw-7\charscalex95 man
agement personnel)\par\pard\ql \li2217\sb8\sl-195\slmult0 \up0 \expndtw-7\charsc
alex96 - n respect of key management personnel /\par\pard\ql \li2351\sb7\sl-195\
slmult0 \up0 \expndtw-7\charscalex95 companies in which key management\par\pard\
ql \li2371\sb8\sl-195\slmult0 \up0 \expndtw-7\charscalex95 personnel are interes
ted\par\pard\ql \li2140\sb118\sl-195\slmult0 \up0 \expndtw-7\charscalex95 Debts
due by companies or firms in which\par\pard\ql \li2217\sb12\sl-195\slmult0 \up0
\expndtw-7\charscalex96 the directors of the bank are interested\par\pard\ql \li
2217\sb3\sl-195\slmult0 \up0 \expndtw-7\charscalex94 as directors, partners or i
n the case of\par\pard\ql \li2222\sb8\sl-195\slmult0 \up0 \expndtw-7\charscalex9
3 private companies as members\par\pard\ql \li2140\sb123\sl-195\slmult0 \up0 \ex
pndtw-7\charscalex94 Debts due by Subsidiary company\par\pard\column \ql \li5659
\sb0\sl-218\slmult0 \par\pard\ql \li5659\sb0\sl-218\slmult0 \par\pard\ql \li1196
\sb167\sl-218\slmult0\tx4124 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f
2\fs19 2012\tab \up0 \expndtw-8\charscalex93 2011\par\pard\ql \li164\sb18\sl-195
\slmult0\tx894\tx2214\tx3054\tx3788\tx5137 \up0 \expndtw-7\charscalex91 \ul0\nos
upersub\cf4\f5\fs17 Balance\tab \up0 \expndtw-5\charscalex100 Maximum total\tab
\up0 \expndtw-3\charscalex100 Limit\tab \up0 \expndtw-7\charscalex91 Balance\tab
\up0 \expndtw-5\charscalex100 Maximum total\tab \up0 \expndtw-4\charscalex100 L
imit\par\pard\ql \li20\sb8\sl-195\slmult0\tx1066\tx2017\tx3956\tx4935 \up0 \expn
dtw-7\charscalex100 outstanding\tab \up0 \expndtw-6\charscalex100 amount of\tab
\up0 \expndtw-7\charscalex95 sanctioned \up0 \expndtw-7\charscalex100 outstandin
g\tab \up0 \expndtw-5\charscalex100 amount of\tab \up0 \expndtw-7\charscalex95 s
anctioned\par\pard\ql \li1105\sb8\sl-195\slmult0\tx2036\tx4004\tx4954 \up0 \expn
dtw-7\charscalex90 advances\tab \up0 \expndtw-7\charscalex100 during the\tab \up
0 \expndtw-7\charscalex90 advances\tab \up0 \expndtw-7\charscalex100 during the\
par\pard\ql \li1105\sb7\sl-195\slmult0\tx2242\tx4009\tx5161 \up0 \expndtw-7\char
scalex100 including\tab \up0 \expndtw-7\charscalex94 year\tab \up0 \expndtw-7\ch
arscalex97 including\tab \up0 \expndtw-7\charscalex94 year\par\pard\ql \li1057\s
b13\sl-195\slmult0\tx3951 \up0 \expndtw-6\charscalex100 temporary\tab \up0 \expn
dtw-5\charscalex100 temporary\par\pard\ql \li1105\sb2\sl-195\slmult0\tx4004 \up0
\expndtw-7\charscalex90 advances\tab \up0 \expndtw-7\charscalex90 advances\par\
pard\ql \li908\sb8\sl-195\slmult0\tx3807 \up0 \expndtw-5\charscalex100 outstandi
ng **\tab \up0 \expndtw-5\charscalex100 outstanding **\par\pard\ql \li63\sb12\sl
-195\slmult0 \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf3\f4\fs17 ----------------------------------- (Rupees in '000) -------------------------------\par\

pard\ql \li5894\sb0\sl-195\slmult0 \par\pard\ql \li5894\sb0\sl-195\slmult0 \par\
pard\ql \li5894\sb0\sl-195\slmult0 \par\pard\ql \li399\sb28\sl-195\slmult0\tx132
1\tx2357\tx3265\tx4249\tx5281 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf4\
f5\fs17 -\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100
-\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\tab \u
p0 \expndtw-2\charscalex100 -\par\pard\ql \li5668\sb0\sl-195\slmult0 \par\pard\q
l \li173\sb14\sl-195\slmult0\tx1134\tx2209\tx3034\tx4095\tx5180 \up0 \expndtw-7\
charscalex95 1,516,400\tab \up0 \expndtw-7\charscalex94 1,549,100\tab \up0 \expn
dtw-5\charscalex100 443,704\tab \up0 \expndtw-7\charscalex92 1,231,700\tab \up0
\expndtw-7\charscalex94 1,265,700\tab \up0 \expndtw-7\charscalex94 476,312\par\p
ard\ql \li5798\sb0\sl-195\slmult0 \par\pard\ql \li5798\sb0\sl-195\slmult0 \par\p
ard\ql \li303\sb21\sl-195\slmult0\tx1225\tx2314\tx3106\tx4191\tx5233 \up0 \expnd
tw-7\charscalex95 371,200\tab \up0 \expndtw-5\charscalex100 382,000\tab \up0 \ex
pndtw-7\charscalex100 64,257\tab \up0 \expndtw-5\charscalex100 383,208\tab \up0
rd\ql \li5798\sb0\sl-195\slmult0 \par\pard\ql \li5798\sb0\sl-195\slmult0 \par\pa
rd\ql \li5798\sb0\sl-195\slmult0 \par\pard\ql \li303\sb138\sl-195\slmult0\tx1129
\tx2209\tx3010\tx4081\tx5165 \up0 \expndtw-7\charscalex95 571,668\tab \up0 \expn
dtw-7\charscalex94 1,063,827\tab \up0 \expndtw-5\charscalex100 100,000\tab \up0
\expndtw-7\charscalex95 1,060,273\tab \up0 \expndtw-7\charscalex96 1,088,593\tab
\up0 \expndtw-7\charscalex97 391,500\par\pard\ql \li365\sb123\sl-195\slmult0\tx
1316\tx2357\tx3207\tx4215\tx5281 \up0 \expndtw-5\charscalex100 33,969\tab \up0 \
expndtw-5\charscalex100 56,384\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \exp
ndtw-6\charscalex100 70,858\tab \up0 \expndtw-7\charscalex96 102,324\tab \up0 \e
xpndtw-2\charscalex100 -\par\pard\sect\sectd\sbknone \qj \li2140\ri798\sb165\sl230\slmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The disclo
sure of the year-end balance, limit/ amount sanctioned and the highest amount ou
tstanding during the \up0 \expndtw-6\charscalex100 year is considered the most m
eaningful information to represent the amount of the transactions and the amount
of \up0 \expndtw-7\charscalex100 outstanding balances during the year. \par\par
d\qj \li2140\ri2056\sb0\sl-220\slmult0 \up0 \expndtw-7\charscalex96 * These re
present staff advances given by the Bank to its executives as per their terms of
employment \up0 \expndtw-7\charscalex96 ** Maximum amount has been arrived at b
y reference to month end balance \par\pard\li1670\sb0\sl-218\slmult0\par\pard\li
1670\sb0\sl-218\slmult0\par\pard\li1670\sb29\sl-218\slmult0\fi6835\tx9292\tx1037
2 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 Note\tab \up0 \expndt
w-8\charscalex94 2012\tab \up0 \expndtw-8\charscalex94 2011\par\pard\li1670\sb9\
sl-218\slmult0\fi0\tx2140\tx9379 \up0 \expndtw-8\charscalex94 10.\tab \up0 \expn
dtw-8\charscalex94 OPERATING FIXED ASSETS\tab \up0 \expndtw-8\charscalex94 (Rupe
es in '000)\par\pard\li1670\sb162\sl-218\slmult0\fi470\tx8529\tx9240\tx10430 \up
0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 Capital work-in-progress\t
ab \up0 \expndtw-8\charscalex94 10.1\tab \up0 \expndtw-8\charscalex94 1,713,276\
tab \up0 \expndtw-8\charscalex94 803,132\par\pard\li1670\sb9\sl-218\slmult0\fi47
0\tx8524\tx9302\tx10430 \up0 \expndtw-8\charscalex94 Intangible assets\tab \up0
\expndtw-8\charscalex94 10.2\tab \up0 \expndtw-8\charscalex94 240,030\tab \up0 \
expndtw-8\charscalex94 126,445\par\pard\li1670\sb8\sl-218\slmult0\fi470\tx8524\t
x9129\tx10224 \up0 \expndtw-8\charscalex94 Tangible fixed assets\tab \up0 \expnd
tw-8\charscalex94 10.3\tab \up0 \expndtw-8\charscalex94 19,231,795\tab \up0 \exp
ndtw-8\charscalex94 16,177,686\par\pard\li1670\sb23\sl-218\slmult0\fi7488\tx1023
3 \up0 \expndtw-8\charscalex94 21,185,101\tab \up0 \expndtw-8\charscalex94 17,10
7,263\par\pard\li1670\sb206\sl-218\slmult0\fi0\tx2140 \up0 \expndtw-8\charscalex
94 \ul0\nosupersub\cf1\f2\fs19 10.1\tab \up0 \expndtw-8\charscalex94 Capital wor
k-in-progress\par\pard\li1670\sb119\sl-218\slmult0\fi470\tx9307\tx10444 \up0 \ex
pndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 Civil works\tab \up0 \expndtw-8
\charscalex94 948,078\tab \up0 \expndtw-8\charscalex94 586,317\par\pard\li1670\s
b8\sl-218\slmult0\fi470\tx9350\tx10459 \up0 \expndtw-8\charscalex94 Others\tab \
up0 \expndtw-8\charscalex94 765,198\tab \up0 \expndtw-8\charscalex94 216,815\par
\pard\li1670\sb19\sl-218\slmult0\fi7569\tx10430 \up0 \expndtw-8\charscalex92 1,7
13,276\tab \up0 \expndtw-8\charscalex92 803,132\par\pard\li1670\sb0\sl-218\slmul

t0\par\pard\li1670\sb11\sl-218\slmult0\fi0\tx2140 \up0 \expndtw-8\charscalex92 \
ul0\nosupersub\cf1\f2\fs19 10.2\tab \up0 \expndtw-8\charscalex92 Intangible asse
ts\par\pard\li2140\sb119\sl-218\slmult0\fi5015 \up0 \expndtw-8\charscalex95 2012
\par\pard\li2140\sb18\sl-195\slmult0\fi2587\tx7267\tx9542 \up0 \expndtw-7\charsc
alex95 \ul0\nosupersub\cf3\f4\fs17 COST\tab \up0 \expndtw-7\charscalex95 AMORTIS
ATION\tab \up0 \expndtw-7\charscalex95 Book value
Rate of\par\pard\li2140\sb2
2\sl-195\slmult0\fi1641\tx5587\tx6604\tx7339\tx8611\tx9729\tx10540 \up0 \expndtw
-7\charscalex95 As at
Additions /\tab \up0 \expndtw-7\charscalex95 As at\tab
\up0 \expndtw-7\charscalex95 As at\tab \up0 \expndtw-7\charscalex95 Charge for\t
ab \up0 \expndtw-7\charscalex95 As at\tab \up0 \expndtw-7\charscalex95 As at\tab
\up0 \expndtw-7\charscalex95 Amorti-\par\pard\li2140\sb12\sl-195\slmult0\fi1464
\tx4416\tx7425\tx8294 \up0 \expndtw-7\charscalex88 January 1,\tab \up0 \expndtw7\charscalex95 (deletions) December 31,
January 1,\tab \up0 \expndtw-7\charsc
alex95 the year\tab \up0 \expndtw-7\charscalex95 December 31, \ul0\nosupersub\cf
4\f5\fs17 \ul0\nosupersub\cf3\f4\fs17 December 31, sation\par\pard\li2140\s
b3\sl-195\slmult0\fi0\tx3787\tx4435\tx5596\tx6614\tx7219\tx8625\tx9729\tx10751 \
up0 \expndtw-7\charscalex95 Description\tab \up0 \expndtw-7\charscalex95 2012\ta
b \up0 \expndtw-7\charscalex95 during the\tab \up0 \expndtw-7\charscalex95 2012\
tab \up0 \expndtw-7\charscalex95 2012\tab \up0 \expndtw-7\charscalex95 (Amortisa
tion\tab \up0 \expndtw-7\charscalex95 2012\tab \up0 \expndtw-7\charscalex95 2012
\tab \up0 \expndtw-7\charscalex95 %\par\pard\li4646\sb8\sl-195\slmult0\fi0\tx732
0 \up0 \expndtw-7\charscalex94 Year\tab \up0 \expndtw-7\charscalex94 on deletion
s)\par\pard\ql \li3748\sb7\sl-195\slmult0 \up0 \expndtw0\charscalex108 -------------------------------------------- Rupees in '000 ------------------------------------------------\par\pard\sect\sectd\sbknone\cols3\colno1\colw3544\colsr60\
colno2\colw3576\colsr20\colno3\colw4910\colsr160\ql \li2140\sb0\sl-195\slmult0 \
par\pard\ql \li2140\sb86\sl-195\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupe
rsub\cf4\f5\fs17 Computer Software\par\pard\ql \li2140\sb0\sl-195\slmult0 \par\p
ard\ql \li2140\sb0\sl-195\slmult0 \par\pard\ql \li2140\sb89\sl-195\slmult0 \up0
\expndtw-7\charscalex93 \ul0\nosupersub\cf3\f4\fs17 Description\par\pard\column
\ql \li102\sb181\sl-195\slmult0\tx1105\tx1873\tx2875 \up0 \expndtw-7\charscalex9
5 \ul0\nosupersub\cf4\f5\fs17 1,550,696\tab \up0 \expndtw-7\charscalex92 191,962
\tab \up0 \expndtw-7\charscalex91 1,742,135 \tab \up0 \expndtw-7\charscalex92 1,
424,251\par\pard\ql \li1254\sb7\sl-195\slmult0 \up0 \expndtw-6\charscalex100 (52
3)\par\pard\ql \li4728\sb0\sl-195\slmult0 \par\pard\ql \li1144\sb183\sl-195\slmu
lt0 \up0 \expndtw-7\charscalex92 \ul0\nosupersub\cf3\f4\fs17 COST\par\pard\ql \l
i198\sb22\sl-195\slmult0\tx3025 \up0 \expndtw-4\charscalex100 As at
Additions
/ As at\tab \up0 \expndtw-7\charscalex92 As at\par\pard\ql \li20\sb12\sl-195\
slmult0 \up0 \expndtw-7\charscalex88 January 1, \up0 \expndtw-7\charscalex93 (de
letions) December 31,\ul0\nosupersub\cf4\f5\fs17 \ul0\nosupersub\cf3\f4\fs17
January 1,\par\pard\ql \li208\sb3\sl-195\slmult0\tx856\tx1849\tx3040 \up0 \expnd
tw-7\charscalex95 2011\tab \up0 \expndtw-7\charscalex94 during the\tab \up0 \exp
ndtw-7\charscalex94 2011\tab \up0 \expndtw-7\charscalex94 2011\par\pard\ql \li10
62\sb7\sl-195\slmult0 \up0 \expndtw-7\charscalex93 Year\par\pard\column \ql \li3
66\sb181\sl-195\slmult0\tx1148\tx2641\tx3462 \up0 \expndtw-7\charscalex100 \ul0\
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0 \expndtw-4\charscalex100 240,030\tab \up0 \expndtw-7\charscalex100 33.33\par\p
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ok value
Rate of\par\pard\ql \li169\sb22\sl-195\slmult0\tx1282\tx2569\tx3375
\up0 \expndtw-7\charscalex93 Charge for\tab \up0 \expndtw-7\charscalex92 As at\t
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lmult0\tx1297\tx2574\tx3586 \up0 \expndtw-7\charscalex95 (Amortisation\tab \up0
\expndtw-7\charscalex95 2011\tab \up0 \expndtw-7\charscalex95 2011\tab \up0 \exp
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\charscalex94 133,475\tab \up0 \expndtw-7\charscalex94 1,550,696\par\pard\ql \li
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}
\fi0\tx2126 \up0 \expndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 10.3\tab \u
p0 \expndtw-8\charscalex92 Tangible fixed assets\par\pard\li2126\sb4\sl-218\slmu
lt0\fi4934 \up0 \expndtw-8\charscalex94 2012\par\pard\li2126\sb23\sl-218\slmult0
\fi0\tx3854\tx7430 \up0 \expndtw-8\charscalex94 Description\tab \up0 \expndtw-8\
charscalex94 COST / REVALUATION\tab \up0 \expndtw-8\charscalex94 DEPRECIATION\pa
r\pard\li3292\sb27\sl-149\slmult0\fi134\tx4089\tx4948\tx5832\tx6662\tx7300\tx819
3\tx9120\tx9825\tx10766 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf10\f11\f

s13 As at\tab \up0 \expndtw-4\charscalex100 Additions/\tab \up0 \expndtw-4\chars
calex100 Surplus/\tab \up0 \expndtw-4\charscalex100 As at\tab \up0 \expndtw-4\ch
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dtw-4\charscalex100 Book value\tab \up0 \expndtw-4\charscalex100 Rate of\par\par
d\li3292\sb11\sl-149\slmult0\fi0\tx4036\tx4872\tx7339\tx8116\tx10003\tx10617 \up
0 \expndtw-4\charscalex100 January 1,\tab \up0 \expndtw-4\charscalex100 (deletio
ns) /\tab \up0 \expndtw-4\charscalex100 (deficit ) on December 31, January 1
,\tab \up0 \expndtw-4\charscalex100 the year/\tab \up0 \expndtw-4\charscalex100
(deficit ) on
December 31,\tab \up0 \expndtw-4\charscalex100 as at\tab \up0 \
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012\tab \up0 \expndtw-4\charscalex100 adjustments revaluation\tab \up0 \expndt
w-4\charscalex100 2012\tab \up0 \expndtw-4\charscalex100 2012\tab \up0 \expndtw4\charscalex100 (depreciation revaluation\tab \up0 \expndtw-4\charscalex100 20
12\tab \up0 \expndtw-4\charscalex100 December 31,\tab \up0 \expndtw-4\charscalex
100 %\par\pard\li3292\sb6\sl-149\slmult0\fi796\tx4896\tx7180\tx9998 \up0 \expndt
w-4\charscalex100 during the\tab \up0 \expndtw-4\charscalex100 during the\tab \u
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rscalex100 2012\par\pard\li3292\sb10\sl-149\slmult0\fi969\tx5063\tx7247\tx8308 \
up0 \expndtw-4\charscalex100 year\tab \up0 \expndtw-4\charscalex100 year\tab \up
0 \expndtw-4\charscalex100 adjustments\tab \up0 \expndtw-4\charscalex100 year\pa
r\pard\li3292\sb11\sl-149\slmult0\fi249 \up0 \expndtw-4\charscalex100 --- ----------- ------------ --- ---------------- ------------ - Rupees in '000 -- --------- --------- ------------ ------------------- ------------ -------\par\pard\li
4972\tx5678\tx6782\tx7569\tx8404\tx9235\tx9825\tx10939 \up0 \expndtw-6\charscale
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tab \up0 \expndtw-6\charscalex96 559,767\tab \up0 \expndtw-6\charscalex92 1,168,
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0 \expndtw-6\charscalex96 -\tab \up0 \expndtw-6\charscalex96 10,958,592\tab \up0
\expndtw-6\charscalex96 -\par\pard\li2126\sb6\sl-172\slmult0\fi2064\tx7569 \up0
\expndtw-6\charscalex97 (156,864)\tab \up0 \expndtw-6\charscalex97 -\par\pard\l
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x4305\tx4963\tx5760\tx6633\tx7531\tx8227\tx9163\tx9902\tx10843 \up0 \expndtw-6\c
harscalex97 Building\tab \up0 \expndtw-6\charscalex97 4,995,869\tab \up0 \expndt
w-6\charscalex97 582,132\tab \up0 \expndtw-6\charscalex97 (250,767)\tab \up0 \ex
pndtw-6\charscalex97 5,421,708\tab \up0 \expndtw-6\charscalex97 638,658\tab \up0
\expndtw-6\charscalex97 135,278\tab \up0 \expndtw-6\charscalex97 (348,917)\tab
\up0 \expndtw-6\charscalex97 460,413\tab \up0 \expndtw-6\charscalex97 4,961,295\
tab \up0 \expndtw-6\charscalex97 1.67\par\pard\li4334\sb11\sl-172\slmult0\fi0\tx
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99,417\tab \up0 \expndtw-6\charscalex100 35,578\par\pard\li2126\sb0\sl-172\slmul
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up0 \expndtw-6\charscalex100 610,109\tab \up0 \expndtw-6\charscalex100 46,637\ta
b \up0 \expndtw-6\charscalex100 (93,781)\tab \up0 \expndtw-6\charscalex100 547,6
90\tab \up0 \expndtw-6\charscalex100 463,527\tab \up0 \expndtw-6\charscalex100 1
24,900\tab \up0 \expndtw-6\charscalex100 (546,948)\tab \up0 \expndtw-6\charscale
x100 26,204\tab \up0 \expndtw-6\charscalex100 521,486\tab \up0 \expndtw-6\charsc
alex100 10\par\pard\li2126\sb2\sl-172\slmult0\fi2174\tx7521 \up0 \expndtw-6\char
scalex97 (15,275)\tab \up0 \expndtw-6\charscalex97 (15,275)\par\pard\li2126\sb11
\sl-172\slmult0\fi2231\tx7569 \up0 \expndtw-6\charscalex97 -\tab \up0 \expndtw-6
\charscalex97 -\par\pard\li2126\sb12\sl-172\slmult0\fi0 \up0 \expndtw-6\charscal
ex97 Leasehold\par\pard\li2126\sb6\sl-172\slmult0\fi28\tx3336\tx4276\tx5160\tx57
64\tx6537\tx7483\tx8404\tx9072\tx10003\tx10886 \up0 \expndtw-6\charscalex97 impr
ovements\tab \up0 \expndtw-6\charscalex97 2,238,641\tab \up0 \expndtw-6\charscal

ex97 344,867\tab \up0 \expndtw-6\charscalex97 -\tab \up0 \expndtw-6\charscalex97
alex97 346,848\tab \up0 \expndtw-6\charscalex97 -\tab \up0 \expndtw-6\charscalex
97 1,779,360\tab \up0 \expndtw-6\charscalex97 800,041\tab \up0 \expndtw-6\charsc
alex97 20\par\pard\li2126\sb7\sl-172\slmult0\fi2236\tx7564 \up0 \expndtw-6\chars
calex100 (4,107)\tab \up0 \expndtw-6\charscalex100 (2,358)\par\pard\li2126\sb6\s
l-172\slmult0\fi2231\tx7569 \up0 \expndtw-6\charscalex100 -\tab \up0 \expndtw-6\
charscalex100 -\par\pard\li2126\sb12\sl-172\slmult0\fi0 \up0 \expndtw-6\charscal
ex100 Furniture and\par\pard\li2126\sb11\sl-172\slmult0\fi0\tx3336\tx4176\tx5160
\tx5740\tx6561\tx7487\tx8404\tx9052\tx9892\tx10780 \up0 \expndtw-6\charscalex100
fixtures\tab \up0 \expndtw-6\charscalex100 6,870,729\tab \up0 \expndtw-6\charsc
alex100 7,930,586\tab \up0 \expndtw-6\charscalex100 5,525,017\tab \up0 \expndtw6\charscalex100 698,544\tab \up0 \expndtw-6\charscalex100 -\tab \up0 \expndtw-6\
charscalex100 6,061,082\tab \up0 \expndtw-6\charscalex100 1,869,504\tab \up0 \ex
pndtw-6\charscalex100 20-33\par\pard\li2126\sb2\sl-172\slmult0\fi2078\tx7401 \up
0 \expndtw-6\charscalex96 (276,877)\tab \up0 \expndtw-6\charscalex96 (274,340)\p
ar\pard\li2126\sb11\sl-172\slmult0\fi2174\tx7564 \up0 \expndtw-6\charscalex96 13
4,325\tab \up0 \expndtw-6\charscalex96 111,861\par\pard\li2126\sb122\sl-172\slmu
lt0\fi0\tx3446\tx4348\tx5160\tx5884\tx6643\tx7588\tx8404\tx9158\tx10027\tx10895
\up0 \expndtw-6\charscalex96 Vehicles\tab \up0 \expndtw-6\charscalex96 390,163\t
ab \up0 \expndtw-6\charscalex96 28,080\tab \up0 \expndtw-6\charscalex96 -\tab \u
\up0 \expndtw-6\charscalex96 42,278\tab \up0 \expndtw-6\charscalex96 -\tab \up0
0 \expndtw-6\charscalex96 10\par\pard\li3249\sb11\sl-172\slmult0\fi1008\tx7512 \
up0 \expndtw-6\charscalex100 (33,839)\tab \up0 \expndtw-6\charscalex100 (31,146)
0\fi0\tx4171\tx5035\tx5673\tx6527\tx7396\tx8212\tx9062\tx9854 \up0 \expndtw-6\ch
arscalex100 24,494,154\tab \up0 \expndtw-6\charscalex100 2,763,892\tab \up0 \exp
ndtw-6\charscalex100 824,024\tab \up0 \expndtw-6\charscalex100 27,829,352\tab \u
8\tab \up0 \expndtw-6\charscalex100 (895,865)\tab \up0 \expndtw-6\charscalex100
2\slmult0\fi945\tx7401 \up0 \expndtw-6\charscalex100 (491,905)\tab \up0 \expndtw
-6\charscalex100 (323,303)\par\pard\li3249\sb11\sl-172\slmult0\fi1056\tx7516 \up
0 \expndtw-6\charscalex100 239,187\tab \up0 \expndtw-6\charscalex100 152,409\par
\pard\li2126\sb0\sl-218\slmult0\par\pard\li2126\sb5\sl-218\slmult0\fi4968 \up0 \
expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 2011\par\pard\li2126\sb23\sl218\slmult0\fi0\tx3945\tx7430 \dn2 \expndtw-8\charscalex93 Description\tab \up0
\expndtw-7\charscalex93 \ul0\nosupersub\cf3\f4\fs17 COST / REVALUATION\tab \dn2
\expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 DEPRECIATION\par\pard\li2126
\sb22\sl-149\slmult0\fi1300\tx4089\tx4948\tx5832\tx6662\tx7300\tx8193\tx9120 \up
0 \expndtw-4\charscalex100 \ul0\nosupersub\cf10\f11\fs13 As at\tab \up0 \expndtw
-4\charscalex100 Additions/\tab \up0 \expndtw-4\charscalex100 Surplus/\tab \up0
\expndtw-4\charscalex100 As at\tab \up0 \expndtw-4\charscalex100 As at\tab \up0
\expndtw-4\charscalex100 Charge for\tab \up0 \expndtw-4\charscalex100 Surplus/\t
ab \up0 \expndtw-4\charscalex100 As at\par\pard\li2126\sb11\sl-149\slmult0\fi118
0\tx4051\tx4872\tx7353\tx8116\tx8918\tx10766 \up0 \expndtw-4\charscalex100 Janua
ry 1,\tab \up0 \expndtw-4\charscalex100 (deletions)/\tab \up0 \expndtw-4\charsca
lex100 (deficit ) on
December 31, January 1,\tab \up0 \expndtw-4\charscalex
100 the year/\tab \up0 \expndtw-4\charscalex100 (deficit ) on\tab \up0 \expndtw4\charscalex100 December 31,
Book value\tab \up0 \expndtw-4\charscalex100 Rat
e of\par\pard\li2126\sb10\sl-149\slmult0\fi1329\tx4036\tx5860\tx6691\tx7238\tx91
44\tx10022\tx10617 \up0 \expndtw-4\charscalex100 2011\tab \up0 \expndtw-4\charsc
alex100 adjustments revaluation\tab \up0 \expndtw-4\charscalex100 2011\tab \up
0 \expndtw-4\charscalex100 2011\tab \up0 \expndtw-4\charscalex100 (depreciation
revaluation\tab \up0 \expndtw-4\charscalex100 2011\tab \up0 \expndtw-4\charsca
lex100 as at\tab \up0 \expndtw-4\charscalex100 depreciation\par\pard\li2126\sb11

0 during the\tab \up0 \expndtw-4\charscalex100 during the\tab \up0 \expndtw-4\ch
arscalex100 on deletions)/ during the\tab \up0 \expndtw-4\charscalex100 Decemb
er 31,\tab \up0 \expndtw-4\charscalex100 %\par\pard\li2126\sb10\sl-149\slmult0\f
i2135\tx5063\tx7247\tx8308\tx10022 \up0 \expndtw-4\charscalex100 year\tab \up0 \
expndtw-4\charscalex100 year\tab \up0 \expndtw-4\charscalex100 adjustments\tab \
up0 \expndtw-4\charscalex100 year\tab \up0 \expndtw-4\charscalex100 2011\par\par
d\li2126\sb6\sl-149\slmult0\fi1415 \up0 \expndtw-4\charscalex100 --- ----------- ------------ --- ---------------- ------------ - Rupees in '000 -- ------------------ ------------ ------------------- ------------ -------\par\pard\li2126\
sb0\sl-172\slmult0\par\pard\li2126\sb16\sl-172\slmult0\fi0\tx3312\tx4171\tx5160\
tx5731\tx6782\tx7569\tx8404\tx9235\tx9878\tx10939 \up0 \expndtw-5\charscalex100
\ul0\nosupersub\cf7\f8\fs15 Land\tab \up0 \expndtw-5\charscalex100 8,468,476\tab
xpndtw-5\charscalex100 -\tab \up0 \expndtw-5\charscalex100 9,388,643\tab \up0 \e
xpndtw-5\charscalex100 -\par\pard\li2126\sb11\sl-172\slmult0\fi2064\tx7569 \up0
\expndtw-6\charscalex100 (139,860)\tab \up0 \expndtw-6\charscalex100 -\par\pard\
li2126\sb7\sl-172\slmult0\fi2428\tx7569 \up0 \expndtw-6\charscalex100 959\tab \u
p0 \expndtw-6\charscalex100 -\par\pard\li2126\sb122\sl-172\slmult0\fi0\tx3340\tx
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arscalex100 Building\tab \up0 \expndtw-6\charscalex100 4,692,701\tab \up0 \expnd
tw-6\charscalex100 296,114\tab \up0 \expndtw-6\charscalex100 -\tab \up0 \expndtw
-6\charscalex100 4,995,869\tab \up0 \expndtw-6\charscalex100 477,885\tab \up0 \e
xpndtw-6\charscalex100 154,630\tab \up0 \expndtw-6\charscalex100 -\tab \up0 \exp
ndtw-6\charscalex100 638,658\tab \up0 \expndtw-6\charscalex100 4,357,211\tab \up
0 \expndtw-6\charscalex100 2.5\par\pard\li2126\sb6\sl-172\slmult0\fi2212\tx7699
\up0 \expndtw-6\charscalex97 (9,026)\tab \up0 \expndtw-6\charscalex97 (516)\par\
pard\li2126\sb12\sl-172\slmult0\fi2241\tx7660 \up0 \expndtw-6\charscalex97 16,08
0\tab \up0 \expndtw-6\charscalex97 6,659\par\pard\li2126\sb117\sl-172\slmult0\fi
0\tx3456\tx4363\tx5160\tx5880\tx6662\tx7512\tx8404\tx9167\tx10017\tx10895 \up0 \
expndtw-6\charscalex97 Machinery\tab \up0 \expndtw-6\charscalex97 571,484\tab \u
p0 \expndtw-6\charscalex97 38,625\tab \up0 \expndtw-6\charscalex97 -\tab \up0 \e
xpndtw-6\charscalex97 610,109\tab \up0 \expndtw-6\charscalex97 274,991\tab \up0
xpndtw-6\charscalex97 10\par\pard\li2126\sb11\sl-172\slmult0\fi2231\tx7569 \up0
\expndtw-6\charscalex97 -\tab \up0 \expndtw-6\charscalex97 -\par\pard\li2126\sb7
\sl-172\slmult0\fi2231\tx7569 \up0 \expndtw-6\charscalex97 -\tab \up0 \expndtw-6
\charscalex97 -\par\pard\li2126\sb6\sl-172\slmult0\fi0 \up0 \expndtw-6\charscale
x97 Leasehold\par\pard\li2126\sb7\sl-172\slmult0\fi28\tx3312\tx4305\tx5160\tx575
5\tx6556\tx7497\tx8404\tx9052\tx10027\tx10886 \up0 \expndtw-6\charscalex97 impro
vements\tab \up0 \expndtw-6\charscalex97 2,006,689\tab \up0 \expndtw-6\charscale
x97 231,952\tab \up0 \expndtw-6\charscalex97 -\tab \up0 \expndtw-6\charscalex97
lex97 332,405\tab \up0 \expndtw-6\charscalex97 -\tab \up0 \expndtw-6\charscalex9
7 1,434,870\tab \up0 \expndtw-6\charscalex97 803,771\tab \up0 \expndtw-6\charsca
lex97 20\par\pard\li2126\sb11\sl-172\slmult0\fi2231\tx7569 \up0 \expndtw-6\chars
calex100 -\tab \up0 \expndtw-6\charscalex100 -\par\pard\li2126\sb12\sl-172\slmul
t0\fi2231\tx7569 \up0 \expndtw-6\charscalex100 -\tab \up0 \expndtw-6\charscalex1
00 -\par\pard\li2126\sb6\sl-172\slmult0\fi0 \up0 \expndtw-6\charscalex100 Furnit
ure and\par\pard\li2126\sb7\sl-172\slmult0\fi0\tx3326\tx4286\tx5160\tx5750\tx653
2\tx7502\tx8404\tx9076\tx9931\tx10780 \up0 \expndtw-6\charscalex100 fixtures\tab
19\tab \up0 \expndtw-6\charscalex100 -\tab \up0 \expndtw-6\charscalex100 6,870,7
625,039\tab \up0 \expndtw-6\charscalex100 -\tab \up0 \expndtw-6\charscalex100 5
,525,017\tab \up0 \expndtw-6\charscalex100 1,345,712\tab \up0 \expndtw-6\charsca
lex100 20-33\par\pard\li2126\sb11\sl-172\slmult0\fi2088\tx7444 \up0 \expndtw-6\c

harscalex97 (388,121)\tab \up0 \expndtw-6\charscalex97 (379,611)\par\pard\li2126
\sb7\sl-172\slmult0\fi2260\tx7593 \up0 \expndtw-6\charscalex97 21,376\tab \up0 \
expndtw-6\charscalex97 20,627\par\pard\li2126\sb117\sl-172\slmult0\fi0\tx3432\tx
4348\tx5160\tx5865\tx6657\tx7584\tx8404\tx9158\tx10036\tx10886 \up0 \expndtw-6\c
harscalex97 Vehicles\tab \up0 \expndtw-6\charscalex97 394,874\tab \up0 \expndtw6\charscalex97 33,448\tab \up0 \expndtw-6\charscalex97 -\tab \up0 \expndtw-6\cha
rscalex97 390,163\tab \up0 \expndtw-6\charscalex97 234,321\tab \up0 \expndtw-6\c
harscalex97 57,384\tab \up0 \expndtw-6\charscalex97 -\tab \up0 \expndtw-6\charsc
alex97 254,396\tab \up0 \expndtw-6\charscalex97 135,767\tab \up0 \expndtw-6\char
scalex97 20\par\pard\li3278\sb11\sl-172\slmult0\fi1017\tx7483 \up0 \expndtw-6\ch
arscalex96 (37,714)\tab \up0 \expndtw-6\charscalex96 (36,788)\par\pard\li3278\sb
7\sl-172\slmult0\fi1176\tx7699 \up0 \expndtw-6\charscalex96 (445)\tab \up0 \expn
dtw-6\charscalex96 (521)\par\pard\li3278\sb26\sl-172\slmult0\fi0\tx4180\tx5160\t
x5668\tx6523\tx7411\tx8404\tx9047\tx9849 \up0 \expndtw-6\charscalex96 22,722,779
\tab \up0 \expndtw-6\charscalex96 2,308,126\tab \up0 \expndtw-6\charscalex96 -\t
6 -\tab \up0 \expndtw-6\charscalex96 8,316,468\tab \up0 \expndtw-6\charscalex96
16,177,686\par\pard\li3278\sb6\sl-172\slmult0\fi940\tx7435 \up0 \expndtw-6\chars
calex96 (574,721)\tab \up0 \expndtw-6\charscalex96 (416,915)\par\pard\li3278\sb7
\sl-172\slmult0\fi1094\tx7593 \up0 \expndtw-6\charscalex96 37,970\tab \up0 \expn
dtw-6\charscalex96 26,765
}
}}
}
}}
}
}}
}
}}
}
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}}
}
}}
}
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}
}}
}
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}
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}
}}
}
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}}
}
}}
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}}
}
}}
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}
}}
}
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}
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}
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}
}}
}
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}}
}
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}}
}
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}
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}
}}
}
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}
b0\sl-230\slmult0 \par\pard\ql\li1670\ri1120\sb190\sl-230\slmult0\tx2116\tx2116
\up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf1\f2\fs19 10.4 \ul0\nosupersub\c
f2\f3\fs19 With effect from July 01, 2012, estimated useful life of building an
d vehicles has been revised from 40 years to 60 \line\tab \up0 \expndtw-7\charsc
alex100 years and 5 years to 10 years respectively to make it more reflective of
consumption pattern of these assets. The \line \tab \up0 \expndtw-7\charscalex9
6 effect of these changes on depreciation expense in current and next year as fo
llows: \par\pard\qj \li7689\ri1167\sb202\sl-240\slmult0 \up0 \expndtw-8\charscal
ex96 \ul0\nosupersub\cf1\f2\fs19 December 31, 2012 December 31, 2013 \line \up0
\expndtw-8\charscalex92 Building Vehicle \up0 \expndtw-8\charscalex93 Building
Vehicle \par\pard\ql \li7905\sb1\sl-215\slmult0 \up0 \expndtw-1\charscalex10
0 ---------- Rupees in `000 ----------\par\pard\li2116\sb0\sl-218\slmult0\par\pa
rd\li2116\sb29\sl-218\slmult0\fi0\tx7785\tx8567\tx9432\tx10291 \up0 \expndtw-8\c

harscalex94 \ul0\nosupersub\cf2\f3\fs19 Decrease in Depreciation expense\tab \u
p0 \expndtw-8\charscalex94 24,647\tab \up0 \expndtw-8\charscalex94 17,500\tab \u
p0 \expndtw-8\charscalex94 36,352\tab \up0 \expndtw-8\charscalex94 29,039\par\pa
rd\ql \li1670\sb0\sl-225\slmult0 \par\pard\ql\li1670\ri1143\sb208\sl-225\slmult0
\tx2116\tx2116\tx2116\tx2116\tx2116\tx2116\tx2116 \up0 \expndtw-7\charscalex96 \
ul0\nosupersub\cf1\f2\fs19 10.5 \ul0\nosupersub\cf2\f3\fs19 Habib Bank Limited'
s (HBL) domestic properties were revalued by independent professional valuers as
on June 30, \line\tab \up0 \expndtw-7\charscalex97 2012. These properties were
revalued by Iqbal A. Nanjee & Co., professional valuers on the basis of market v
alue. \line \tab \up0 \expndtw-7\charscalex97 The revaluation has resulted in in
creasing the surplus on revaluation of fixed assets by Rs. 1,695.912 million. HB
L \line \tab \up0 \expndtw-7\charscalex100 property of Lebanon branch was revalu
ed as on November 23, 2012 by Banking Control Commission of Lebanon \line \tab \
up0 \expndtw-7\charscalex100 resulted in a surplus of Rs. 15.721 million. HBL pr
operty of KEPZ branch was revalued on July 27, 2012 by J & M \line \tab \up0 \ex
pndtw-7\charscalex95 Associates, licensed valuer, on market value basis resulted
in a surplus of Rs. 8.255 million. These revaluations have \line \tab \up0 \exp
ndtw-6\charscalex100 resulted in a cumulative surplus of Rs. 1,719.888 million.
Had there been no revaluation, the carrying amount of \line \tab \up0 \expndtw-8
\charscalex93 revalued assets would have been as follows: \par\pard\li2116\sb0\s
l-218\slmult0\par\pard\li2116\sb0\sl-218\slmult0\par\pard\li2116\sb23\sl-218\slm
ult0\fi5841\tx10152 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 Do
mestic Lebanon\tab \up0 \expndtw-8\charscalex100 KEPZ\par\pard\li2116\sb18\sl218\slmult0\fi5884 \up0 \expndtw-8\charscalex100 --------- (Rupees in '000) --------\par\pard\li2116\sb0\sl-218\slmult0\par\pard\li2116\sb16\sl-218\slmult0\fi0
\tx7953\tx9244\tx10545 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf2\f3\fs19
Land\tab \up0 \expndtw-8\charscalex100 9,446,155\tab \up0 \expndtw-8\charscalex
100 -\tab \up0 \expndtw-8\charscalex100 232\par\pard\li2116\sb4\sl-218\slmult0\f
i0\tx7944\tx9216\tx10440 \up0 \expndtw-8\charscalex100 Building\tab \up0 \expndt
w-8\charscalex100 4,081,358\tab \up0 \expndtw-8\charscalex100 17,843\tab \up0 \e
xpndtw-8\charscalex100 2,177\par\pard\li2116\sb9\sl-218\slmult0\fi0\tx8184\tx924
4\tx10300 \up0 \expndtw-8\charscalex100 Machinery\tab \up0 \expndtw-8\charscalex
-\par\pard\qj \li2116\sb0\sl-220\slmult0 \par\pard\qj\li2116\ri1200\sb10\sl-220
\slmult0 \up0 \expndtw-4\charscalex100 The movement in surplus on revaluation of
properties is given in note 19.1 to these unconsolidated financial \up0 \expndt
w-8\charscalex97 statements. \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\q
l\li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb6\sl-218\slmult0 \up0 \expndtw
-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 10.6 Details of disposal of fixed a
ssets \par\pard\qj \li2116\sb0\sl-220\slmult0 \par\pard\qj\li2116\ri1135\sb21\sl
-220\slmult0 \up0 \expndtw-7\charscalex98 \ul0\nosupersub\cf2\f3\fs19 The inform
ation relating to disposal of fixed assets in aggregate having book value exceed
ing Rs. 250,000 or cost \up0 \expndtw-7\charscalex97 exceeding Rs. 1 million (wh
ichever is lower), are required to be disclosed as part of the financial stateme
nts by the \up0 \expndtw-7\charscalex95 SBP is given in Annexure III and is an i
ntegral part of these financial statements. \par\pard\ql \li1670\ri1136\sb216\sl
-226\slmult0\tx2116\tx2116\tx2116 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\c
f1\f2\fs19 10.7 \ul0\nosupersub\cf2\f3\fs19 At December 31, 2012 carrying value
of properties and equipment retired from active service and held for disposal \
line\tab \up0 \expndtw-4\charscalex100 purposes amounted to Rs. 3.824 million (2
011: Rs. 142.998 million). The cost / valuation of fully depreciated \line \tab
\up0 \expndtw-7\charscalex100 properties and equipment that are still in the Ba
nk's use, as at the above date, amounted to Rs. 5,116.025 million \line \tab \up
0 \expndtw-8\charscalex95 (2011: Rs. 4,450.289 million). \par\pard\li1670\sb0\sl
lt0\fi7329\tx10209 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 2012
\tab \up0 \expndtw-8\charscalex95 2011\par\pard\li1670\sb4\sl-218\slmult0\fi0\tx
2116\tx8116\tx9163 \up0 \expndtw-8\charscalex95 11.\tab \up0 \expndtw-8\charscal
ex95 DEFERRED TAX ASSET\tab \up0 \expndtw-8\charscalex95 Note\tab \up0 \expndtw-
8\charscalex95 (Rupees in '000)\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li16

14\fs19 Deductible temporary differences on\par\pard\li1670\sb23\sl-218\slmult0\
fi446\tx9072\tx10243 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 provision against investments\tab \up0 \expndtw-8\charscalex95 292,295\tab \up0
tx10123 \up0 \expndtw-8\charscalex95 - provision against doubtful debts & Off-ba
lance sheet\tab \up0 \expndtw-8\charscalex95 6,396,134\tab \up0 \expndtw-8\chars
calex95 6,144,996\par\pard\li1670\sb9\sl-218\slmult0\fi446\tx8932\tx10267 \up0 \
expndtw-8\charscalex95 - liabilities written back under sec. 34(5) of the ITO\ta
9\par\pard\li1670\sb9\sl-218\slmult0\fi446\tx9124\tx10329 \up0 \expndtw-8\charsc
alex95 - provision against others\tab \up0 \expndtw-8\charscalex95 117,016\tab \
up0 \expndtw-8\charscalex95 117,316\par\pard\li1670\sb8\sl-218\slmult0\fi446\tx8
160\tx8817\tx10286 \up0 \expndtw-8\charscalex95 - revaluation of investments\tab
\up0 \expndtw-8\charscalex95 19.2\tab \up0 \expndtw-8\charscalex95 (1,307,803)\
801\tx10118 \up0 \expndtw-8\charscalex94 6,827,508\tab \up0 \expndtw-8\charscale
x94 7,784,806\par\pard\li2116\sb8\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex9
4 \ul0\nosupersub\cf13\f14\fs19 Taxable temporary differences on\par\pard\li2116
\sb9\sl-218\slmult0\fi0\tx8788\tx10176 \up0 \expndtw-8\charscalex94 \ul0\nosuper
sub\cf2\f3\fs19 - fixed assets\tab \up0 \expndtw-8\charscalex94 (1,084,044)\tab
\up0 \expndtw-8\charscalex94 (827,516)\par\pard\li2116\sb0\sl-218\slmult0\par\pa
rd\li2116\sb26\sl-218\slmult0\fi0\tx8913\tx10127 \up0 \expndtw-8\charscalex94 \u
l0\nosupersub\cf1\f2\fs19 Net deferred tax asset recognised by the Bank\tab \up0
\expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 5,743,464\tab \up0 \expndtw
-8\charscalex94 6,957,290
}
}}
}
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}

}}
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}}
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}}
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}}
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}}
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}}
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}

}}
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}
ex95 \ul0\nosupersub\cf1\f2\fs19 11.1 Movement in temporary differences during t
he year \par\pard\ql \li5515\sb0\sl-172\slmult0 \par\pard\ql\li5515\sb29\sl-172\
slmult0 \up0 \expndtw-6\charscalex94 \ul0\nosupersub\cf5\f6\fs15 Balance as Rec
ognised Recognised Balance as Recognised Recognised
Balance as \par\pa
rd\li2044\sb20\sl-172\slmult0\fi3475\tx6417\tx7204\tx9691 \up0 \expndtw-5\charsc
alex100 at January\tab \up0 \expndtw-5\charscalex100 in profit\tab \up0 \expndtw
-5\charscalex100 in equity at December in profit\tab \up0 \expndtw-5\charsca

lex100 in equity
at December\par\pard\li2044\sb12\sl-172\slmult0\fi3551\tx646
5\tx8068\tx8937\tx10603 \up0 \expndtw-5\charscalex100 1, 2011\tab \up0 \expndtw5\charscalex100 or loss\tab \up0 \expndtw-5\charscalex100 31, 2011\tab \up0 \exp
ndtw-5\charscalex100 or loss\tab \up0 \expndtw-5\charscalex100 31, 2012\par\pard
\li2044\sb6\sl-172\slmult0\fi3595 \up0 \expndtw-5\charscalex100 --------------------------------- (Rupees in '000)------------------------------------------\pa
xpndtw-5\charscalex100 \ul0\nosupersub\cf14\f15\fs15 Deductible temporary differ
ences on\par\pard\li2044\sb7\sl-172\slmult0\fi0\tx5572\tx6460\tx7464\tx8232\tx90
00\tx9950\tx10795 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf7\f8\fs15 - pr
ovision against investments\tab \up0 \expndtw-5\charscalex100 1,068,345\tab \up0
\expndtw-5\charscalex100 (683,855)\tab \up0 \expndtw-5\charscalex100 -\tab \up0
\expndtw-5\charscalex100 384,490\tab \up0 \expndtw-5\charscalex100 (92,195)\tab
\up0 \expndtw-5\charscalex100 -\tab \up0 \expndtw-5\charscalex100 292,295\par\p
ard\li2044\sb11\sl-172\slmult0\fi0\tx5577\tx6489\tx7464\tx8145\tx9033\tx9950\tx1
0684 \up0 \expndtw-5\charscalex100 - provision against doubtful debts & Off-bala
nce sheet\tab \up0 \expndtw-5\charscalex100 6,957,566\tab \up0 \expndtw-5\charsc
alex100 (812,570)\tab \up0 \expndtw-5\charscalex100 -\tab \up0 \expndtw-5\charsc
alex100 6,144,996\tab \up0 \expndtw-5\charscalex100 251,138\tab \up0 \expndtw-5\
charscalex100 -\tab \up0 \expndtw-5\charscalex100 6,396,134\par\pard\li2044\sb2\
sl-172\slmult0\fi0\tx5678\tx6537\tx7464\tx8256\tx9014\tx9950\tx10684 \up0 \expnd
tw-5\charscalex100 - liabilities written back under sec. 34(5) of the ITO\tab \u
p0 \expndtw-5\charscalex100 200,970\tab \up0 \expndtw-5\charscalex100 (83,654)\t
ab \up0 \expndtw-5\charscalex100 -\tab \up0 \expndtw-5\charscalex100 972,499\tab
\up0 \expndtw-5\charscalex100 357,367\tab \up0 \expndtw-5\charscalex100 -\tab \
up0 \expndtw-5\charscalex100 1,329,866\par\pard\li2044\sb12\sl-172\slmult0\fi0\t
x5587\tx6552\tx7464\tx8308\tx9163\tx9950\tx10843 \up0 \expndtw-5\charscalex100 provision against others\tab \up0 \expndtw-5\charscalex100 1,035,295\tab \up0 \
expndtw-5\charscalex100 (62,796)\tab \up0 \expndtw-5\charscalex100 -\tab \up0 \e
xpndtw-5\charscalex100 117,316\tab \up0 \expndtw-5\charscalex100 (300)\tab \up0
\expndtw-5\charscalex100 -\tab \up0 \expndtw-5\charscalex100 117,016\par\pard\li
2044\sb11\sl-172\slmult0\fi0\tx5668\tx6647\tx7276\tx8270\tx9124\tx9643\tx10588 \
up0 \expndtw-5\charscalex100 - on revaluation of investments\tab \up0 \expndtw-5
\charscalex100 462,828\tab \up0 \expndtw-5\charscalex100 -\tab \up0 \expndtw-5\c
harscalex100 (297,323)\tab \up0 \expndtw-5\charscalex100 165,505\tab \up0 \expnd
tw-5\charscalex100 -\tab \up0 \expndtw-5\charscalex100 (1,473,308)\tab \up0 \exp
ndtw-5\charscalex100 (1,307,803)\par\pard\li2044\sb7\sl-172\slmult0\fi0 \up0 \ex
pndtw-5\charscalex100 \ul0\nosupersub\cf14\f15\fs15 Taxable temporary difference
s on\par\pard\li2044\sb6\sl-172\slmult0\fi0\tx5577\tx6657\tx7464\tx8179\tx8971\t
x9753\tx10569 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf7\f8\fs15 - fixed
assets\tab \up0 \expndtw-5\charscalex100 (889,678)\tab \up0 \expndtw-5\charscale
x100 62,162\tab \up0 \expndtw-5\charscalex100 -\tab \up0 \expndtw-5\charscalex10
0 (827,516)\tab \up0 \expndtw-5\charscalex100 (64,442)\tab \up0 \expndtw-5\chars
calex100 (192,086)\tab \up0 \expndtw-5\charscalex100 (1,084,044)\par\pard\li5563
\sb21\sl-172\slmult0\fi0\tx6384\tx7276\tx8145\tx9009\tx9643\tx10670 \up0 \expndt
w-6\charscalex100 8,835,326\tab \up0 \expndtw-6\charscalex100 (1,580,713)\tab \u
p0 \expndtw-6\charscalex100 (297,323)\tab \up0 \expndtw-6\charscalex100 6,957,29
0\tab \up0 \expndtw-6\charscalex100 451,568\tab \up0 \expndtw-6\charscalex100 (1
,665,394)\tab \up0 \expndtw-6\charscalex100 5,743,464\par\pard\li1670\sb0\sl-218
fi0\tx2054\tx8116\tx9024\tx10281 \up0 \expndtw-8\charscalex92 \ul0\nosupersub\cf
1\f2\fs19 12.\tab \up0 \expndtw-8\charscalex92 OTHER ASSETS\tab \up0 \expndtw-8\
charscalex92 Note\tab \up0 \expndtw-8\charscalex92 2012\tab \up0 \expndtw-8\char
scalex92 2011\par\pard\li2054\sb9\sl-218\slmult0\fi7147 \up0 \expndtw-8\charscal
ex95 (Rupees in '000)\par\pard\li2054\sb0\sl-218\slmult0\par\pard\li2054\sb11\sl
-218\slmult0\fi0\tx8899\tx10176 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2
\f3\fs19 Income / mark-up / profit accrued in local currency\tab \up0 \expndtw-8
2054\sb9\sl-218\slmult0\fi0\tx9019\tx10358 \up0 \expndtw-8\charscalex95 Income /
mark-up / profit accrued in foreign currency\tab \up0 \expndtw-8\charscalex95 1

,024,173\tab \up0 \expndtw-8\charscalex95 808,174\par\pard\li2054\sb8\sl-218\slm
ult0\fi0\tx8995\tx10339 \up0 \expndtw-8\charscalex95 Advances, deposits, advance
rent and other prepayments\tab \up0 \expndtw-8\charscalex95 1,796,426\tab \up0
\expndtw-8\charscalex95 963,633\par\pard\li2054\sb9\sl-218\slmult0\fi0\tx9115\tx
10353 \up0 \expndtw-8\charscalex95 Advances against murabaha\tab \up0 \expndtw-8
b4\sl-218\slmult0\fi0\tx8932\tx10161 \up0 \expndtw-8\charscalex95 Advance taxati
on (payments less provisions)\tab \up0 \expndtw-8\charscalex95 10,572,213\tab \u
p0 \expndtw-8\charscalex95 10,418,187\par\pard\li2054\sb8\sl-218\slmult0\fi0\tx9
192\tx10430 \up0 \expndtw-8\charscalex95 Receivable from defined benefit plans\t
ab \up0 \expndtw-8\charscalex95 -\tab \up0 \expndtw-8\charscalex95 63,080\par\pa
rd\li2054\sb9\sl-218\slmult0\fi0\tx9216\tx10473 \up0 \expndtw-8\charscalex95 Sta
tionery and stamps on hand\tab \up0 \expndtw-8\charscalex95 42,467\tab \up0 \exp
ndtw-8\charscalex95 41,637\par\pard\li2054\sb4\sl-218\slmult0\fi0\tx9167\tx10387
\up0 \expndtw-8\charscalex95 Accrued income\tab \up0 \expndtw-8\charscalex95 37
0\fi0\tx9004\tx10243 \up0 \expndtw-8\charscalex95 Due from Government of Pakista
n / SBP\tab \up0 \expndtw-8\charscalex95 2,547,755\tab \up0 \expndtw-8\charscale
x95 1,622,525\par\pard\li2054\sb9\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex9
5 Unrealised gain on forward foreign exchange contract/\par\pard\li2054\sb8\sl-2
18\slmult0\fi129\tx9139\tx10248 \up0 \expndtw-8\charscalex95 derivative instrume
nts\tab \up0 \expndtw-8\charscalex95 587,819\tab \up0 \expndtw-8\charscalex95 1,
154,950\par\pard\li2054\sb4\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex95 Nonbanking assets acquired in satisfaction of claims [market\par\pard\li2054\sb9\
sl-218\slmult0\fi129\tx8990\tx10200 \up0 \expndtw-8\charscalex95 value Rs. 3,093
.330 million (2011: Rs. 2,008.437 million)]\tab \up0 \expndtw-8\charscalex95 2,5
ult0\fi0\tx8913\tx10132 \up0 \expndtw-8\charscalex95 Receivable from National Sa
ving Centre / Clearing in transit\tab \up0 \expndtw-8\charscalex95 18,890,141\ta
b \up0 \expndtw-8\charscalex95 11,300,092\par\pard\li2054\sb4\sl-218\slmult0\fi0
\tx9124\tx10464 \up0 \expndtw-8\charscalex95 Claim against fraud and forgeries\t
ab \up0 \expndtw-8\charscalex95 202,973\tab \up0 \expndtw-8\charscalex95 73,743\
par\pard\li2054\sb9\sl-218\slmult0\fi0\tx9129\tx10329 \up0 \expndtw-8\charscalex
95 Others\tab \up0 \expndtw-8\charscalex95 235,027\tab \up0 \expndtw-8\charscale
x95 460,546\par\pard\li1670\sb23\sl-218\slmult0\fi7262\tx10099 \up0 \expndtw-8\c
70\sb9\sl-218\slmult0\fi383\tx8169\tx8990\tx10209 \up0 \expndtw-8\charscalex95 P
rovision held against other assets\tab \up0 \expndtw-8\charscalex95 12.1\tab \up
0 \expndtw-8\charscalex95 (530,362)\tab \up0 \expndtw-8\charscalex95 (284,486)\p
ar\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb25\sl-218\slmult0\fi383\tx88
84\tx10113 \up0 \expndtw-8\charscalex95 Other Assets - net\tab \up0 \expndtw-8\c
70\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl218\slmult0\par\pard\li1670\sb70\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex95
\ul0\nosupersub\cf1\f2\fs19 12.1 Provision against other assets\par\pard\li1670
\sb0\sl-218\slmult0\par\pard\li1670\sb16\sl-218\slmult0\fi383\tx9100\tx10377 \up
0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 Opening balance\tab \up0 \
expndtw-8\charscalex95 284,486\tab \up0 \expndtw-8\charscalex95 421,742\par\pard
\li1670\sb19\sl-218\slmult0\fi383\tx9139\tx10464 \up0 \expndtw-8\charscalex95 Ch
arge for the year\tab \up0 \expndtw-8\charscalex95 281,768\tab \up0 \expndtw-8\c
harscalex95 51,406\par\pard\li1670\sb3\sl-218\slmult0\fi383\tx9192\tx10252 \up0
\expndtw-8\charscalex95 Reversal\tab \up0 \expndtw-8\charscalex95 (3,920)\tab \u
p0 \expndtw-8\charscalex95 (163,279)\par\pard\li1670\sb23\sl-218\slmult0\fi383\t
x9124\tx10295 \up0 \expndtw-8\charscalex95 Net charge /( reversal)\tab \up0 \exp
ndtw-8\charscalex95 277,848\tab \up0 \expndtw-8\charscalex95 (111,873)\par\pard\
li1670\sb0\sl-218\slmult0\par\pard\li1670\sb17\sl-218\slmult0\fi383\tx9081\tx103
48 \up0 \expndtw-8\charscalex95 Write off\tab \up0 \expndtw-8\charscalex95 (36,9
46)\tab \up0 \expndtw-8\charscalex95 (29,501)\par\pard\li1670\sb3\sl-218\slmult0
\fi383\tx9316\tx10579 \up0 \expndtw-8\charscalex95 Exchange adjustment\tab \up0
\expndtw-8\charscalex95 4,974\tab \up0 \expndtw-8\charscalex95 4,118\par\pard\li

1670\sb23\sl-218\slmult0\fi383\tx9115\tx10329 \up0 \expndtw-8\charscalex95 Closi
ng balance\tab \up0 \expndtw-8\charscalex95 530,362\tab \up0 \expndtw-8\charscal
ex95 284,486\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmul
t0\par\pard\li1670\sb67\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex92 \ul0\nos
upersub\cf1\f2\fs19 13. BILLS PAYABLE\par\pard\li1670\sb0\sl-218\slmult0\par\pa
rd\li1670\sb12\sl-218\slmult0\fi383\tx8889\tx10166 \up0 \expndtw-8\charscalex92
\ul0\nosupersub\cf2\f3\fs19 In Pakistan\tab \up0 \expndtw-8\charscalex92 18,363,
t0\fi383\tx9172\tx10363 \up0 \expndtw-8\charscalex92 Outside Pakistan\tab \up0 \
expndtw-8\charscalex92 515,107\tab \up0 \expndtw-8\charscalex92 807,091\par\pard
\li8899\sb19\sl-218\slmult0\fi0\tx10113 \up0 \expndtw-8\charscalex96 18,878,652\
tab \up0 \expndtw-8\charscalex96 13,894,502
}
}}
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}
l-218\slmult0 \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \li1670\sb0\s
l-218\slmult0 \par\pard\ql \li1670\sb29\sl-218\slmult0 \up0 \expndtw-7\charscale
x100 \ul0\nosupersub\cf1\f2\fs19 14. BORROWINGS\par\pard\ql \li2054\sb0\sl-218\
slmult0 \par\pard\ql \li2054\sb0\sl-218\slmult0 \par\pard\ql \li2054\sb48\sl-218
\slmult0 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf2\f3\fs19 In Pakistan\pa
r\pard\ql \li2054\sb8\sl-218\slmult0 \up0 \expndtw-8\charscalex94 Outside Pakist
an\par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \li1670\sb70\sl-218\slmul
t0 \up0 \expndtw-8\charscalex91 \ul0\nosupersub\cf1\f2\fs19 14.1 Particulars of
borrowings\par\pard\ql \li2054\sb0\sl-218\slmult0 \par\pard\ql \li2054\sb11\sl
-218\slmult0 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 In local c
urrency\par\pard\ql \li2054\sb8\sl-218\slmult0 \up0 \expndtw-8\charscalex95 In f
oreign currency\par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \li1670\sb74
\sl-218\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 14.2 De
tails of borrowings\par\pard\ql \li2054\sb0\sl-218\slmult0 \par\pard\ql \li2054\
sb12\sl-218\slmult0 \up0 \expndtw-8\charscalex89 Secured\par\pard\ql \li2054\sb8
\sl-218\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 Borrowi
ngs from State Bank of Pakistan under:\par\pard\ql \li2054\sb9\sl-218\slmult0 \u
p0 \expndtw-8\charscalex94 - Export refinance scheme\par\pard\ql \li2054\sb8\sl218\slmult0 \up0 \expndtw-8\charscalex100 - Long term financing facility - local
ly manufactured and imported\par\pard\ql \li2308\sb4\sl-218\slmult0 \up0 \expndt
w-7\charscalex100 plant & machinery\par\pard\ql \li2054\sb9\sl-218\slmult0 \up0
\expndtw-8\charscalex97 - Long term finance - export oriented projects\par\pard\
ql \li2054\sb8\sl-218\slmult0 \up0 \expndtw-8\charscalex95 - Refinance facility
for modernization of SMEs\par\pard\ql \li2054\sb4\sl-218\slmult0 \up0 \expndtw-8
\charscalex96 - Financing facility for Storage of Agricultural Produce\par\pard\
ql \li2054\sb0\sl-218\slmult0 \par\pard\ql \li2054\sb16\sl-218\slmult0 \up0 \exp
ndtw-8\charscalex93 Repurchase agreement borrowings\par\pard\ql \li2054\sb0\sl-2
18\slmult0 \par\pard\ql \li2054\sb26\sl-218\slmult0 \up0 \expndtw-8\charscalex91
\ul0\nosupersub\cf1\f2\fs19 Unsecured\par\pard\ql \li2054\sb9\sl-218\slmult0 \u
p0 \expndtw-8\charscalex93 \ul0\nosupersub\cf2\f3\fs19 In Pakistan\par\pard\ql \
li2054\sb23\sl-218\slmult0 \up0 \expndtw-8\charscalex100 - Interbank call money
borrowing\par\pard\ql \li2054\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex94 Ou
tside Pakistan\par\pard\ql \li2054\sb13\sl-218\slmult0 \up0 \expndtw-8\charscale
x96 - Overdrawn nostro accounts\par\pard\ql \li2054\sb8\sl-218\slmult0 \up0 \exp

ndtw-8\charscalex93 - Borrowings of overseas branches\par\pard\column \ql \li811
6\sb0\sl-218\slmult0 \par\pard\ql \li8116\sb0\sl-218\slmult0 \par\pard\ql \li20\
sb29\sl-218\slmult0\tx933\tx2190 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\c
f1\f2\fs19 Note\tab \up0 \expndtw-8\charscalex100 2012\tab \up0 \expndtw-8\chars
calex93 2011\par\pard\ql \li1105\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex96
(Rupees in \u8216?000)\par\pard\ql \li8807\sb0\sl-218\slmult0 \par\pard\ql \li7
12\sb40\sl-218\slmult0\tx2056 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f
3\fs19 182,420,105\tab \up0 \expndtw-8\charscalex93 27,761,453\par\pard\ql \li86
5\sb8\sl-218\slmult0\tx2142 \up0 \expndtw-7\charscalex100 9,688,492\tab \up0 \ex
pndtw-8\charscalex94 5,953,451\par\pard\ql \li726\sb23\sl-218\slmult0\tx2027 \up
4\par\pard\ql \li8807\sb0\sl-218\slmult0 \par\pard\ql \li8807\sb0\sl-218\slmult0
\par\pard\ql \li712\sb58\sl-218\slmult0\tx2056 \up0 \expndtw-8\charscalex94 182
,420,105\tab \up0 \expndtw-8\charscalex93 27,761,453\par\pard\ql \li865\sb8\sl-2
18\slmult0\tx2142 \up0 \expndtw-7\charscalex100 9,688,492\tab \up0 \expndtw-8\ch
arscalex94 5,953,451\par\pard\ql \li726\sb23\sl-218\slmult0\tx2027 \up0 \expndtw
-8\charscalex93 192,108,597\tab \up0 \expndtw-8\charscalex96 33,714,904\par\pard
\ql \li8155\sb0\sl-218\slmult0 \par\pard\ql \li8155\sb0\sl-218\slmult0 \par\pard
\ql \li8155\sb0\sl-218\slmult0 \par\pard\ql \li8155\sb0\sl-218\slmult0 \par\pard
\ql \li779\sb78\sl-218\slmult0\tx2085 \up0 \expndtw-8\charscalex100 16,845,030\t
ab \up0 \expndtw-8\charscalex90 18,182,197\par\pard\ql \li59\sb138\sl-218\slmult
0 \up0 \expndtw-8\charscalex93 14.3\par\pard\ql \li889\sb0\sl-171\slmult0\tx2118
722\par\pard\ql \li1024\sb0\sl-171\slmult0\tx2152 \up0 \expndtw-8\charscalex100
974,062\tab \up0 \expndtw-8\charscalex93 1,774,534\par\pard\ql \li1134\sb1\sl-19
6\slmult0\tx2344 \up0 \expndtw-8\charscalex95 12,649\tab \up0 \expndtw-2\charsca
lex100 -\par\pard\ql \li1168\sb7\sl-218\slmult0\tx2344 \up0 \expndtw-8\charscale
x88 15,277\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql \li8155\sb0\sl-218\sl
mult0 \par\pard\ql \li59\sb16\sl-218\slmult0\tx702\tx2344 \up0 \expndtw-8\charsc
alex94 14.4\tab \up0 \expndtw-8\charscalex96 157,998,809\tab \up0 \expndtw-2\cha
rscalex100 -\par\pard\ql \li707\sb23\sl-218\slmult0\tx2051 \up0 \expndtw-8\chars
calex95 180,920,105\tab \up0 \expndtw-8\charscalex93 24,161,453\par\pard\ql \li8
9\sb34\sl-218\slmult0\tx885\tx2089 \up0 \expndtw-8\charscalex92 14.5\tab \up0 \e
xpndtw-8\charscalex100 1,500,000\tab \up0 \expndtw-6\charscalex100 3,600,000\par
\pard\ql \li8155\sb0\sl-218\slmult0 \par\pard\ql \li59\sb136\sl-218\slmult0\tx91
3\tx2257 \up0 \expndtw-8\charscalex93 14.6\tab \up0 \expndtw-8\charscalex93 1,18
6,682\tab \up0 \expndtw-8\charscalex100 708,353\par\pard\ql \li904\sb0\sl-171\sl
mult0\tx2109 \up0 \expndtw-8\charscalex94 8,501,810\tab \up0 \expndtw-7\charscal
ex100 5,245,098\par\pard\ql \li865\sb0\sl-171\slmult0\tx2142 \up0 \expndtw-7\cha
rscalex100 9,688,492\tab \up0 \expndtw-8\charscalex94 5,953,451\par\pard\ql \li8
27\sb31\sl-218\slmult0\tx2142 \up0 \expndtw-8\charscalex92 11,188,492\tab \up0 \
expndtw-8\charscalex94 9,553,451\par\pard\ql \li726\sb23\sl-218\slmult0\tx2027 \
up0 \expndtw-8\charscalex93 192,108,597\tab \up0 \expndtw-8\charscalex96 33,714,
904 \par\pard\sect\sectd\sbknone \qj \li1670\sb0\sl-220\slmult0 \par\pard\qj\li1
670\ri1053\sb46\sl-220\slmult0\tx2111 \up0 \expndtw-7\charscalex100 \ul0\nosuper
sub\cf1\f2\fs19 14.3 \ul0\nosupersub\cf2\f3\fs19 Borrowings from SBP under the
export and export oriented projects refinance schemes of SBP are secured by the
\line\tab \up0 \expndtw-7\charscalex96 bank's cash and security balances held by
SBP. These carry annual mark-up rates ranging from 7.2% to 9.8% (2011: \par\par
d\ql \li2111\sb2\sl-218\slmult0 \up0 \expndtw-8\charscalex93 9.7% to 11%). \par\
pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb5\sl-218\slmult0 \up0 \
expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 14.4 \ul0\nosupersub\cf2\f3\f
s19 These carry annual mark-up rates ranging from 8.8% to 9.2%. \par\pard\ql \l
i1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb25\sl-218\slmult0 \up0 \expndtw-7
\charscalex96 \ul0\nosupersub\cf1\f2\fs19 14.5 \ul0\nosupersub\cf2\f3\fs19 Thes
e carry annual mark-up rates ranging from 8.0% to 9.0% (2011: 9.7% to 13.05%). \
par\pard\qj \li1670\sb0\sl-220\slmult0 \par\pard\qj\li1670\ri1054\sb21\sl-220\sl
mult0\tx2111 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf1\f2\fs19 14.6 \ul0

\nosupersub\cf2\f3\fs19 Since, the Bank operates in different countries, these
carry varied mark-up rates as given by the external banks of \line\tab \up0 \exp
ndtw-8\charscalex95 respective countries. \par\pard\li1670\sb0\sl-218\slmult0\pa
r\pard\li1670\sb16\sl-218\slmult0\fi0\tx2111\tx8937\tx10233 \up0 \expndtw-8\char
scalex93 \ul0\nosupersub\cf1\f2\fs19 15.\tab \up0 \expndtw-8\charscalex93 DEPOSI
TS AND OTHER ACCOUNTS\tab \up0 \expndtw-8\charscalex93 2012\tab \up0 \expndtw-8\
charscalex93 2011\par\pard\li2111\sb9\sl-218\slmult0\fi7012 \up0 \expndtw-8\char
scalex96 (Rupees in '000)\par\pard\li2111\sb9\sl-218\slmult0\fi0 \up0 \expndtw-8
\charscalex96 Customers\par\pard\li2111\sb0\sl-218\slmult0\par\pard\li2111\sb11\
sl-218\slmult0\fi0\tx8764\tx10032 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\c
f2\f3\fs19 Current accounts - non-remunerative\tab \up0 \expndtw-8\charscalex96
281,887,233\tab \up0 \expndtw-8\charscalex96 222,815,278\par\pard\li2111\sb8\sl218\slmult0\fi0\tx8952\tx10204 \up0 \expndtw-8\charscalex96 Current accounts - r
emunerative\tab \up0 \expndtw-8\charscalex96 1,446,233\tab \up0 \expndtw-8\chars
calex96 1,694,058\par\pard\li2111\sb4\sl-218\slmult0\fi0\tx8755\tx9974 \up0 \exp
ndtw-8\charscalex96 Savings chequing account\tab \up0 \expndtw-8\charscalex96 48
8\slmult0\fi0\tx8726\tx9998 \up0 \expndtw-8\charscalex96 Fixed deposits\tab \up0
\expndtw-8\charscalex96 354,430,663\tab \up0 \expndtw-8\charscalex96 245,987,65
8\par\pard\li2111\sb23\sl-218\slmult0\fi6532\tx9998 \up0 \expndtw-8\charscalex95
1,122,893,558\tab \up0 \expndtw-8\charscalex95 858,965,072\par\pard\li2111\sb9\
sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 Fina
ncial institutions\par\pard\li2111\sb18\sl-218\slmult0\fi0\tx8952\tx10200 \up0 \
expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 Current accounts - non-remune
rative\tab \up0 \expndtw-8\charscalex95 4,086,107\tab \up0 \expndtw-8\charscalex
95 5,052,260\par\pard\li2111\sb4\sl-218\slmult0\fi0\tx8913\tx10257 \up0 \expndtw
-8\charscalex95 Savings chequing account\tab \up0 \expndtw-8\charscalex95 4,490,
688\tab \up0 \expndtw-8\charscalex95 2,815,116\par\pard\li2111\sb8\sl-218\slmult
0\fi0\tx8937\tx10209 \up0 \expndtw-8\charscalex95 Fixed deposits\tab \up0 \expnd
tw-8\charscalex95 9,694,622\tab \up0 \expndtw-8\charscalex95 8,476,149\par\pard\
li8683\sb23\sl-218\slmult0\fi235\tx10118 \up0 \expndtw-8\charscalex93 18,271,417
\tab \up0 \expndtw-8\charscalex93 16,343,525\par\pard\li8683\sb23\sl-218\slmult0
\fi0\tx10007 \up0 \expndtw-8\charscalex93 1,141,164,975\tab \up0 \expndtw-8\char
scalex93 875,308,597
}
}}
}
}}
}
}}
}
}}
}
}}
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}}
}
}}
}
}}
}
}}
}
}}
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}}
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}}
{\sp{\sn pVerticies}{\sv 8;19;(135,0);(108,5);(87,20);(72,45);(68,71);(68,345);(
63,371);(48,392);(27,407);(0,412);(27,418);(48,435);(63,457);(68,484);(68,759);(
72,784);(87,805);(108,820);(135,825)}}
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;32768}}
\fi0\tx2111\tx8937\tx10233 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\f
s19 15.1\tab \up0 \expndtw-8\charscalex93 Particulars of deposits\tab \up0 \expn
dtw-8\charscalex93 2012\tab \up0 \expndtw-8\charscalex93 2011\par\pard\li2111\sb
9\sl-218\slmult0\fi7012 \up0 \expndtw-8\charscalex95 (Rupees in '000)\par\pard\l
i2111\sb0\sl-218\slmult0\par\pard\li2111\sb40\sl-218\slmult0\fi0\tx8755\tx10007
\up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 In local currency\tab \
up0 \expndtw-8\charscalex95 939,452,816\tab \up0 \expndtw-8\charscalex95 720,626
,687\par\pard\li2111\sb9\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex95 In fore
ign currencies \{including foreign currency deposits of domestic\par\pard\li2111
\sb8\sl-218\slmult0\fi0\tx8822\tx10046 \up0 \expndtw-8\charscalex95 branches of
Rs.101,599.466 million (2011: Rs. 70,334.543 million)\}\tab \up0 \expndtw-8\char
scalex95 201,712,159\tab \up0 \expndtw-8\charscalex95 154,681,910\par\pard\li868
3\sb23\sl-218\slmult0\fi0\tx10007 \up0 \expndtw-8\charscalex93 1,141,164,975\tab
\up0 \expndtw-8\charscalex93 875,308,597\par\pard\ql \li1670\sb0\sl-218\slmult0
\par\pard\ql\li1670\sb50\sl-218\slmult0\tx2111 \up0 \expndtw-8\charscalex89 \ul
0\nosupersub\cf1\f2\fs19 16. \tab \up0 \expndtw-8\charscalex95 SUB-ORDINATED LOA
N \par\pard\qj \li2111\ri1047\sb218\sl-223\slmult0 \up0 \expndtw-7\charscalex97
\ul0\nosupersub\cf2\f3\fs19 The Bank has obtained loan from "International Finan
ce Corporation" (IFC) amounting to US $ 50 million (2011: US \line \up0 \expndtw
-7\charscalex98 $ 50 million) equivalent to Rs. 4,857.485 million (2011: Rs. 4,4
97.285 million). The principal amount is repayable in \line \up0 \expndtw-4\char
scalex100 four equal half yearly installments commencing from June 2013 to Decem
ber 2014. Interest is payable on bi -\line \up0 \expndtw-7\charscalex100 annual
basis commencing from December 2007 at LIBOR + 1.75%. The loan is unsecured and
subordinated as to \line \up0 \expndtw-4\charscalex100 payment of principal and
interest to all other indebtness of the Bank (including deposits). The loan may
not be \line \up0 \expndtw-2\charscalex100 prepaid or repaid before maturity wit
hout the prior written approval of the SBP. The Bank is not exposed to \line \up
0 \expndtw-7\charscalex96 significant exchange risk as the loan forms part of th
e Bank's foreign currency net open position. \par\pard\li1670\sb0\sl-218\slmult0
\par\pard\li1670\sb31\sl-218\slmult0\fi6302\tx8937\tx10233 \up0 \expndtw-8\chars
calex95 \ul0\nosupersub\cf1\f2\fs19 Note\tab \up0 \expndtw-8\charscalex95 2012\t
ab \up0 \expndtw-8\charscalex95 2011\par\pard\li1670\sb8\sl-218\slmult0\fi0\tx21
11\tx9124 \up0 \expndtw-8\charscalex95 17.\tab \up0 \expndtw-8\charscalex95 OTHE
R LIABILITIES\tab \up0 \expndtw-8\charscalex95 (Rupees in '000)\par\pard\li1670\
sb0\sl-218\slmult0\par\pard\li1670\sb16\sl-218\slmult0\fi441\tx8884\tx10166 \up0
\expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 Mark-up / return / profit p
ayable in local currency\tab \up0 \expndtw-8\charscalex95 18,127,380\tab \up0 \e
\tx10353 \up0 \expndtw-8\charscalex95 Mark-up / return / profit payable in forei
gn currency\tab \up0 \expndtw-8\charscalex95 832,323\tab \up0 \expndtw-8\charsca
lex95 577,420\par\pard\li1670\sb9\sl-218\slmult0\fi441\tx9100\tx10391 \up0 \expn
dtw-8\charscalex95 Security deposits\tab \up0 \expndtw-8\charscalex95 395,762\ta
b \up0 \expndtw-8\charscalex95 277,710\par\pard\li1670\sb8\sl-218\slmult0\fi441\
tx9000\tx10209 \up0 \expndtw-8\charscalex95 Accrued expenses\tab \up0 \expndtw-8

\charscalex95 5,163,175\tab \up0 \expndtw-8\charscalex95 6,621,833\par\pard\li16
70\sb4\sl-218\slmult0\fi441 \up0 \expndtw-8\charscalex95 Unrealised loss on forw
ard foreign exchange contracts /\par\pard\li1670\sb9\sl-218\slmult0\fi571\tx9091
\tx10358 \up0 \expndtw-8\charscalex95 derivative instruments\tab \up0 \expndtw-8
b8\sl-218\slmult0\fi441\tx9115\tx10440 \up0 \expndtw-8\charscalex95 Unclaimed di
vidends\tab \up0 \expndtw-8\charscalex95 109,756\tab \up0 \expndtw-8\charscalex9
5 45,545\par\pard\li1670\sb9\sl-218\slmult0\fi441\tx9220\tx10459 \up0 \expndtw-8
\charscalex95 Dividend payable\tab \up0 \expndtw-8\charscalex95 21,194\tab \up0
\expndtw-8\charscalex95 51,605\par\pard\li1670\sb4\sl-218\slmult0\fi441\tx7934\t
x8976\tx10252 \up0 \expndtw-8\charscalex95 Provision for employees' compensated
absences\tab \up0 \expndtw-8\charscalex95 33.2.8\tab \up0 \expndtw-8\charscalex9
8\slmult0\fi441\tx7934\tx8956\tx10185 \up0 \expndtw-8\charscalex95 Provision for
post retirement medical benefits\tab \up0 \expndtw-8\charscalex95 33.2.3\tab \u
p0 \expndtw-8\charscalex95 2,235,674\tab \up0 \expndtw-8\charscalex95 2,399,600\
par\pard\li1670\sb8\sl-218\slmult0\fi441\tx8035\tx8942\tx10243 \up0 \expndtw-8\c
harscalex95 Provision against off-balance sheet obligations\tab \up0 \expndtw-8\
charscalex95 17.1\tab \up0 \expndtw-8\charscalex95 1,083,490\tab \up0 \expndtw-8
\charscalex95 1,152,456\par\pard\li1670\sb4\sl-218\slmult0\fi441\tx8990\tx10224
\up0 \expndtw-8\charscalex95 Branch adjustment account\tab \up0 \expndtw-8\chars
\sl-218\slmult0\fi441\tx9072\tx10401 \up0 \expndtw-8\charscalex95 Provision for
staff retirement benefits\tab \up0 \expndtw-8\charscalex95 666,909\tab \up0 \exp
420 \up0 \expndtw-8\charscalex95 Payable to defined benefit plan\tab \up0 \expnd
tw-8\charscalex95 1,089,600\tab \up0 \expndtw-8\charscalex95 44,863\par\pard\li1
670\sb4\sl-218\slmult0\fi441\tx8980\tx10243 \up0 \expndtw-8\charscalex95 Provisi
on for workers welfare fund\tab \up0 \expndtw-8\charscalex95 1,850,951\tab \up0
4\tx10358 \up0 \expndtw-8\charscalex95 Unearned income\tab \up0 \expndtw-8\chars
calex95 172,871\tab \up0 \expndtw-8\charscalex95 126,342\par\pard\li1670\sb8\sl218\slmult0\fi441\tx9076\tx10348 \up0 \expndtw-8\charscalex95 Qarza-e-Hasna Fund
calex95 Duties and taxes payable\tab \up0 \expndtw-8\charscalex95 1,020,963\tab
\up0 \expndtw-8\charscalex95 785,654\par\pard\li1670\sb3\sl-218\slmult0\fi441\tx
9105\tx10372 \up0 \expndtw-8\charscalex95 Insurance payable\tab \up0 \expndtw-8\
9\sl-218\slmult0\fi441\tx9192\tx10435 \up0 \expndtw-8\charscalex95 Reward points
payable\tab \up0 \expndtw-8\charscalex95 57,946\tab \up0 \expndtw-8\charscalex9
5 40,352\par\pard\li1670\sb9\sl-218\slmult0\fi441\tx9100\tx10363 \up0 \expndtw-8
\charscalex95 Liability against trading of securities\tab \up0 \expndtw-8\charsc
alex95 -\tab \up0 \expndtw-8\charscalex95 266,772\par\pard\li1670\sb4\sl-218\slm
ult0\fi441\tx9120\tx10348 \up0 \expndtw-8\charscalex95 Payable to HBL foundation
calex95 Others\tab \up0 \expndtw-8\charscalex95 672,591\tab \up0 \expndtw-8\char
scalex95 614,228\par\pard\li8851\sb23\sl-218\slmult0\fi0\tx10104 \up0 \expndtw-8
1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb58\
sl-218\slmult0\fi0\tx2111 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs
19 17.1\tab \up0 \expndtw-8\charscalex94 Provision against off-balance sheet obl
igations\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb11\sl-218\slmult0\
fi441\tx8985\tx10233 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 Op
ening balance\tab \up0 \expndtw-8\charscalex94 1,152,456\tab \up0 \expndtw-8\cha
rscalex94 1,215,804\par\pard\li1670\sb23\sl-218\slmult0\fi441\tx9100\tx10497 \up
0 \expndtw-8\charscalex94 Charge for the year\tab \up0 \expndtw-8\charscalex94 1
41\tx8985\tx10324 \up0 \expndtw-8\charscalex94 Reversal\tab \up0 \expndtw-8\char

scalex94 (126,470)\tab \up0 \expndtw-8\charscalex94 (68,525)\par\pard\li1670\sb2
3\sl-218\slmult0\fi441\tx9316\tx10324 \up0 \expndtw-8\charscalex94 Net charge /
( reversal)\tab \up0 \expndtw-8\charscalex94 7,015\tab \up0 \expndtw-8\charscale
x94 (68,525)\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb12\sl-218\slmu
lt0\fi441\tx9254\tx10425 \up0 \expndtw-8\charscalex94 Write off\tab \up0 \expndt
w-8\charscalex94 -\tab \up0 \expndtw-8\charscalex94 (8,186)\par\pard\li1670\sb9\
sl-218\slmult0\fi441\tx9086\tx10497 \up0 \expndtw-8\charscalex94 Other movement\
tab \up0 \expndtw-8\charscalex94 (93,071)\tab \up0 \expndtw-8\charscalex94 -\par
\pard\li1670\sb8\sl-218\slmult0\fi441\tx9201\tx10459 \up0 \expndtw-8\charscalex9
4 Exchange adjustment\tab \up0 \expndtw-8\charscalex94 17,090\tab \up0 \expndtw8\charscalex94 13,363\par\pard\li1670\sb18\sl-218\slmult0\fi441\tx8942\tx10243 \
up0 \expndtw-8\charscalex94 Closing balance\tab \up0 \expndtw-8\charscalex94 1,0
83,490\tab \up0 \expndtw-8\charscalex94 1,152,456
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
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}}
}

}}
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}}
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}}
}
}}
}

}}
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}}
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}}
}
}}
}
}}
}

}}
}
}}
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}}
}
}}
}
}}
}

}}
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}
}}
}
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}
}}
}

}}
}
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}
}}
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}}
}
}}
}

}}
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}}
}
}}
}
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}}
}

}}
}
}}
}
}}
}
}}
}
8\slmult0\par\pard\li1670\sb18\sl-218\slmult0\fi0\tx2111 \up0 \expndtw-8\charsca
lex94 \ul0\nosupersub\cf1\f2\fs19 18.\tab \up0 \expndtw-8\charscalex94 SHARE CAP
ITAL\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb11\sl-218\slmult0\fi0
\up0 \expndtw-8\charscalex94 18.1 Authorised Capital\par\pard\li1670\sb0\sl-218
\slmult0\par\pard\li1670\sb16\sl-218\slmult0\fi652\tx3561\tx8937\tx10233 \up0 \e
xpndtw-8\charscalex94 2012\tab \up0 \expndtw-8\charscalex94 2011\tab \up0 \expnd
tw-8\charscalex94 2012\tab \up0 \expndtw-8\charscalex94 2011\par\pard\li1670\sb9
\sl-218\slmult0\fi441\tx9124 \up0 \expndtw-8\charscalex94 Number of shares in '0
00\tab \up0 \expndtw-8\charscalex94 (Rupees in '000)\par\pard\li1670\sb0\sl-218\
slmult0\par\pard\li1670\sb11\sl-218\slmult0\fi455\tx3432\tx8807\tx10089 \up0 \ex

pndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 3,000,000\tab \up0 \expndtw-8\c
harscalex94 1,380,000
Ordinary shares of Rs. 10 each\tab \up0 \expndtw-8\cha
\sb0\sl-218\slmult0\par\pard\li1670\sb55\sl-218\slmult0\fi0 \up0 \expndtw-8\char
scalex94 \ul0\nosupersub\cf1\f2\fs19 18.2 Issued, subscribed and paid-up capita
l\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb12\sl-218\slmult0\fi652\t
x3561 \up0 \expndtw-8\charscalex94 2012\tab \up0 \expndtw-8\charscalex94 2011\pa
r\pard\li1670\sb8\sl-218\slmult0\fi460 \up0 \expndtw-8\charscalex94 Number of sh
ares in '000\par\pard\li2217\sb9\sl-218\slmult0\fi2164 \up0 \expndtw-8\charscale
x93 \ul0\nosupersub\cf2\f3\fs19 Ordinary shares of Rs. 10 each\par\pard\li2217\s
b3\sl-218\slmult0\fi57\tx3561\tx8913\tx10171 \up0 \expndtw-8\charscalex93 690,00
0\tab \up0 \expndtw-8\charscalex93 690,000
Fully paid in cash\tab \up0 \expn
\li2217\sb9\sl-218\slmult0\fi105\tx3585\tx8956\tx10200 \up0 \expndtw-8\charscale
x93 522,275\tab \up0 \expndtw-8\charscalex93 412,068
Issued as bonus shares\
tab \up0 \expndtw-8\charscalex93 5,222,748\tab \up0 \expndtw-8\charscalex93 4,12
0,680\par\pard\li2217\sb23\sl-218\slmult0\fi0\tx3470\tx8899\tx10118 \up0 \expndt
w-8\charscalex93 1,212,275\tab \up0 \expndtw-8\charscalex93 1,102,068\tab \up0 \
r\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb48\sl-218\slmult0 \up
0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 18.3 Exchange translation
reserve \par\pard\qj \li2111\ri1048\sb204\sl-240\slmult0 \up0 \expndtw-2\charsc
alex100 \ul0\nosupersub\cf2\f3\fs19 This comprises all foreign currency differen
ces arising from the translation of financial statements of foreign \up0 \expndt
w-8\charscalex96 operations. \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\q
l\li1670\sb1\sl-218\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\
fs19 18.4 Statutory reserves \par\pard\qj \li2111\sb0\sl-220\slmult0 \par\pard\
qj\li2111\ri1049\sb21\sl-220\slmult0 \up0 \expndtw-6\charscalex100 \ul0\nosupers
ub\cf2\f3\fs19 Every banking company incorporated in Pakistan is required to tra
nsfer 20% of their profits to a statutory reserve \line \up0 \expndtw-7\charscal
ex100 until the reserve equals share capital, thereafter 10% of the profits of t
he holding company are to be transferred to \line \up0 \expndtw-8\charscalex93 t
his reserve. \par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb18\sl-218\slm
ult0\fi0\tx8937\tx10233 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19
18.5 Dividends\tab \up0 \expndtw-8\charscalex94 2012\tab \up0 \expndtw-8\chars
calex94 2011\par\pard\li2111\sb9\sl-218\slmult0\fi6984 \up0 \expndtw-8\charscale
x93 (Rupees in '000)\par\pard\li2111\sb8\sl-218\slmult0\fi0 \up0 \expndtw-7\char
scalex94 \ul0\nosupersub\cf2\f3\fs19 The following cash dividends and bonus shar
es were declared and paid / issued by the Bank:\par\pard\li2111\sb0\sl-218\slmul
t0\par\pard\li2111\sb12\sl-218\slmult0\fi0\tx8980\tx10224 \up0 \expndtw-8\charsc
alex93 Cash dividend: Rs. 7 per share (2011: Rs. 6.5 per share)\tab \up0 \expndt
w-8\charscalex93 7,714,476\tab \up0 \expndtw-8\charscalex93 6,512,220\par\pard\l
i2111\sb0\sl-218\slmult0\par\pard\li2111\sb54\sl-218\slmult0\fi0 \up0 \expndtw-7
\charscalex92 Bonus share: 1 shares for every 10 shares held (2011: 1 share fo
r every\par\pard\li2111\sb9\sl-218\slmult0\fi129\tx8976\tx10214 \up0 \expndtw-8\
charscalex91 10 shares held)\tab \up0 \expndtw-8\charscalex91 1,102,068\tab \up0
\expndtw-8\charscalex91 1,001,880\par\pard\li2111\sb0\sl-218\slmult0\par\pard\l
i2111\sb59\sl-218\slmult0\fi0\tx8937 \up0 \expndtw-8\charscalex94 Half year inte
rim cash dividend: Rs. 3.5 per share\tab \up0 \expndtw-8\charscalex94 4,242,962\
par\pard\li2111\sb0\sl-218\slmult0\par\pard\li2111\sb50\sl-218\slmult0\fi0 \up0
\expndtw-7\charscalex95 After December 31, 2012 the following dividends were pro
posed by the Directors for 2012. The dividends have not\par\pard\li2111\sb8\sl-2
18\slmult0\fi0 \up0 \expndtw-8\charscalex94 been accounted for and, there are no
income tax consequences.\par\pard\li2111\sb0\sl-218\slmult0\par\pard\li2111\sb1
2\sl-218\slmult0\fi0\tx8918 \up0 \expndtw-8\charscalex94 Cash dividend: Rs. 4 pe
r share\tab \up0 \expndtw-8\charscalex94 4,849,099\par\pard\li2111\sb0\sl-218\sl
mult0\par\pard\li2111\sb59\sl-218\slmult0\fi0\tx9009 \up0 \expndtw-8\charscalex9
4 Bonus share: 1 share for every 10 shares held\tab \up0 \expndtw-8\charscalex94
1,212,275\par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb53\sl-21
8\slmult0\tx2111 \up0 \expndtw-8\charscalex89 \ul0\nosupersub\cf1\f2\fs19 19. \t

ab \up0 \expndtw-8\charscalex93 SURPLUS ON REVALUATION OF ASSETS - net of deferr
ed tax \par\pard\li2111\sb11\sl-218\slmult0\fi6825\tx10233 \up0 \expndtw-8\chars
calex96 2012\tab \up0 \expndtw-8\charscalex96 2011\par\pard\li2111\sb3\sl-218\sl
mult0\fi5875\tx9124 \up0 \expndtw-8\charscalex96 Note\tab \up0 \expndtw-8\charsc
alex96 (Rupees in '000)\par\pard\li2111\sb0\sl-218\slmult0\par\pard\li2111\sb17\
sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf2\f3\fs19 Surp
lus arising on revaluation of:\par\pard\li2111\sb8\sl-218\slmult0\fi940\tx8040\t
x8947\tx10180 \up0 \expndtw-8\charscalex96 - fixed assets\tab \up0 \expndtw-8\ch
arscalex96 19.1\tab \up0 \expndtw-8\charscalex96 9,590,967\tab \up0 \expndtw-8\c
0209 \up0 \expndtw-8\charscalex96 - investments\tab \up0 \expndtw-8\charscalex96
19.2\tab \up0 \expndtw-8\charscalex96 2,428,878\tab \up0 \expndtw-8\charscalex9
6 (307,940)\par\pard\li8875\sb18\sl-218\slmult0\fi0\tx10200 \up0 \expndtw-8\char
scalex95 12,019,845\tab \up0 \expndtw-8\charscalex95 8,001,568
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
}}
}
}}
}
}}
}

}}
}
}}
}
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}
}}
}
}}
}

}}
}
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}
}}
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}

}}
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}

}}
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}
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}
}}
}
}}
}

}}
}
8\slmult0\par\pard\li1670\sb18\sl-218\slmult0\fi0\tx2107\tx8976\tx10219 \up0 \ex
pndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 19.1\tab \up0 \expndtw-8\charsc
alex93 Surplus on revaluation of fixed assets\tab \up0 \expndtw-8\charscalex93 2
041 \up0 \expndtw-8\charscalex95 (Rupees in '000)\par\pard\li2107\sb0\sl-218\slm
ult0\par\pard\li2107\sb12\sl-218\slmult0\fi0\tx8952\tx10161 \up0 \expndtw-8\char
scalex95 \ul0\nosupersub\cf2\f3\fs19 Surplus on revaluation of fixed assets as a
t January 1\tab \up0 \expndtw-8\charscalex95 9,093,164\tab \up0 \expndtw-8\chars
calex95 9,420,908\par\pard\li2107\sb143\sl-218\slmult0\fi0\tx8980\tx10377 \up0 \
expndtw-8\charscalex95 Surplus on revaluation of bank's properties recognised du
ring the year\tab \up0 \expndtw-8\charscalex95 1,719,888\tab \up0 \expndtw-8\cha
rscalex95 -\par\pard\ql \li2107\sb137\sl-218\slmult0 \up0 \expndtw-8\charscalex9
4 Surplus realised on disposal of revalued properties during the year \par\pard\
li2107\sb10\sl-218\slmult0\fi129\tx8995\tx10238 \up0 \expndtw-8\charscalex96 - n
et of deferred tax\tab \up0 \expndtw-8\charscalex96 (155,285)\tab \up0 \expndtw8\charscalex96 (139,331)\par\pard\li2107\sb8\sl-218\slmult0\fi0 \up0 \expndtw-8\
charscalex96 Transferred to unappropriated profit in respect of incremental\par\
pard\li2107\sb4\sl-218\slmult0\fi129\tx9081\tx10214 \up0 \expndtw-8\charscalex96
depreciation charged during the year - net of deferred tax\tab \up0 \expndtw-8\
charscalex96 (90,185)\tab \up0 \expndtw-8\charscalex96 (120,882)\par\pard\li2107
\sb9\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex96 Related deferred tax liabil
ity of incremental\par\pard\li2107\sb8\sl-218\slmult0\fi129\tx9081\tx10291 \up0
\expndtw-8\charscalex96 depreciation charged during the year\tab \up0 \expndtw-8
\charscalex96 (48,577)\tab \up0 \expndtw-8\charscalex96 (65,090)\par\pard\li2107
\sb4\sl-218\slmult0\fi0\tx9316\tx10411 \up0 \expndtw-8\charscalex96 Related defe
rred tax liability on disposal of revalued properties\tab \up0 \expndtw-8\charsc
alex96 (873)\tab \up0 \expndtw-8\charscalex96 (2,441)\par\pard\li2107\sb158\sl-2
18\slmult0\fi0\tx8904\tx10180 \up0 \expndtw-8\charscalex96 Surplus on revaluatio
n of fixed assets as at December 31\tab \up0 \expndtw-8\charscalex96 10,518,132\
fi0 \up0 \expndtw-8\charscalex96 Less: related deferred tax liability on:\par\pa
rd\li2107\sb4\sl-218\slmult0\fi0\tx9096\tx10368 \up0 \expndtw-8\charscalex96 - r
evaluation as at January 1\tab \up0 \expndtw-8\charscalex96 783,656\tab \up0 \ex
pndtw-8\charscalex96 851,187\par\pard\li2107\sb8\sl-218\slmult0\fi0\tx9115\tx104
83 \up0 \expndtw-8\charscalex96 - revaluation of bank\u8217?s properties recogni
zed during the year\tab \up0 \expndtw-8\charscalex96 192,959\tab \up0 \expndtw-8
\charscalex96 -\par\pard\li2107\sb9\sl-218\slmult0\fi0\tx9316\tx10411 \up0 \expn
dtw-8\charscalex96 - surplus realised on disposal of revalued properties during
the year\tab \up0 \expndtw-8\charscalex96 (873)\tab \up0 \expndtw-8\charscalex96
(2,441)\par\pard\li2107\sb9\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex96 - i
ncremental depreciation charged during the year\par\pard\li2107\sb3\sl-218\slmul
t0\fi254\tx9081\tx10291 \up0 \expndtw-8\charscalex96 transferred to profit and l
oss account\tab \up0 \expndtw-8\charscalex96 (48,577)\tab \up0 \expndtw-8\charsc
alex96 (65,090)\par\pard\li1670\sb23\sl-218\slmult0\fi7454\tx10329 \up0 \expndtw
-8\charscalex95 927,165\tab \up0 \expndtw-8\charscalex95 783,656\par\pard\li1670

\sb23\sl-218\slmult0\fi7281\tx10161 \up0 \expndtw-8\charscalex95 9,590,967\tab \
up0 \expndtw-8\charscalex95 8,309,508\par\pard\li1670\sb0\sl-218\slmult0\par\par
d\li1670\sb12\sl-218\slmult0\fi0\tx2107 \up0 \expndtw-8\charscalex95 \ul0\nosupe
rsub\cf1\f2\fs19 19.2\tab \up0 \expndtw-8\charscalex95 Surplus / (deficit) on re
valuation of investments\par\pard\li1670\sb200\sl-218\slmult0\fi436\tx8956\tx103
63 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 Market Treasury Bill
s\tab \up0 \expndtw-8\charscalex95 1,863,369\tab \up0 \expndtw-8\charscalex95 61
arscalex95 Pakistan Investment Bonds\tab \up0 \expndtw-8\charscalex95 1,490,249\
tab \up0 \expndtw-8\charscalex95 (197,281)\par\pard\li1670\sb8\sl-218\slmult0\fi
436\tx9076\tx10180 \up0 \expndtw-8\charscalex95 Government of Pakistan Sukuk and
US Dollar / Euro Bonds\tab \up0 \expndtw-8\charscalex95 (95,595)\tab \up0 \expn
dtw-8\charscalex95 (834,680)\par\pard\li1670\sb9\sl-218\slmult0\fi436\tx9124\tx1
0228 \up0 \expndtw-8\charscalex95 Listed Securities\tab \up0 \expndtw-8\charscal
ex95 212,728\tab \up0 \expndtw-8\charscalex95 (143,341)\par\pard\li1670\sb4\sl-2
18\slmult0\fi436\tx9230\tx10521 \up0 \expndtw-8\charscalex95 NIT Units\tab \up0
\expndtw-8\charscalex95 11,283\tab \up0 \expndtw-8\charscalex95 6,359\par\pard\l
i1670\sb9\sl-218\slmult0\fi436\tx9096\tx10420 \up0 \expndtw-8\charscalex95 Other
Investments\tab \up0 \expndtw-8\charscalex95 254,647\tab \up0 \expndtw-8\charsc
alex95 83,673\par\pard\li2107\sb23\sl-218\slmult0\fi6863\tx10195 \up0 \expndtw-8
\charscalex96 3,736,681\tab \up0 \expndtw-8\charscalex96 (473,445)\par\pard\li21
07\sb3\sl-218\slmult0\fi0\tx8841\tx10344 \up0 \expndtw-8\charscalex96 Related de
ferred tax (liability) / asset\tab \up0 \expndtw-8\charscalex96 (1,307,803)\tab
\up0 \expndtw-8\charscalex96 165,505\par\pard\li1670\sb18\sl-218\slmult0\fi7276\
tx10190 \up0 \expndtw-8\charscalex96 2,428,878\tab \up0 \expndtw-8\charscalex96
(307,940)\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb12\sl-218\slmult0
\fi0\tx2107 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 20.\tab \up
0 \expndtw-8\charscalex96 CONTINGENCIES AND COMMITMENTS\par\pard\li1670\sb191\sl
-218\slmult0\fi0\tx2107 \up0 \expndtw-8\charscalex95 20.1\tab \up0 \expndtw-8\ch
arscalex96 Direct credit substitutes - financial guarantees\par\pard\li1670\sb18
6\sl-218\slmult0\fi436 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf2\f3\fs19
Guarantees in favour of:\par\pard\li1670\sb9\sl-218\slmult0\fi436\tx9076\tx10320
\up0 \expndtw-8\charscalex96 - Government\tab \up0 \expndtw-8\charscalex96 306,
856\tab \up0 \expndtw-8\charscalex96 354,078\par\pard\li1670\sb8\sl-218\slmult0\
fi436\tx9081\tx10334 \up0 \expndtw-8\charscalex96 - Financial institutions\tab \
6 - Others\tab \up0 \expndtw-8\charscalex96 35,371,437\tab \up0 \expndtw-8\chars
calex96 22,307,830\par\pard\li1670\sb23\sl-218\slmult0\fi7190\tx10070 \up0 \expn
dtw-8\charscalex96 35,973,293\tab \up0 \expndtw-8\charscalex96 22,980,504\par\pa
rd\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb11\sl-218\slmult0\fi0 \up0 \expnd
tw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 20.2 Transaction-related contingen
t liabilities\par\pard\li1670\sb182\sl-218\slmult0\fi436 \up0 \expndtw-8\charsca
lex96 \ul0\nosupersub\cf2\f3\fs19 Guarantees in favour of:\par\pard\li1670\sb8\s
l-218\slmult0\fi436\tx9081\tx10204 \up0 \expndtw-8\charscalex96 - Government\tab
\par\pard\li1670\sb9\sl-218\slmult0\fi436\tx8976\tx10324 \up0 \expndtw-8\charsca
lex96 - Financial institutions\tab \up0 \expndtw-8\charscalex96 3,610,133\tab \u
p0 \expndtw-8\charscalex96 636,292\par\pard\li1670\sb9\sl-218\slmult0\fi436\tx88
75\tx10132 \up0 \expndtw-8\charscalex96 - Others\tab \up0 \expndtw-8\charscalex9
-218\slmult0\fi7180\tx10070 \up0 \expndtw-8\charscalex96 43,869,241\tab \up0 \ex
70\sb11\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\f
s19 20.3 Trade-related commitments\par\pard\li1670\sb191\sl-218\slmult0\fi436\tx
8904\tx10075 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf2\f3\fs19 Credit cas
h\tab \up0 \expndtw-8\charscalex96 75,837,119\tab \up0 \expndtw-8\charscalex96 7
0,202,498\par\pard\li1670\sb4\sl-218\slmult0\fi436\tx8865\tx10089 \up0 \expndtw8\charscalex96 Credit documentary acceptances\tab \up0 \expndtw-8\charscalex96 1

\slmult0\fi436\tx8851\tx10113 \up0 \expndtw-8\charscalex96 Credit acceptances\ta
5,049\par\pard\li1670\sb23\sl-218\slmult0\fi7142\tx10075 \up0 \expndtw-8\charsca
lex94 129,162,779\tab \up0 \expndtw-8\charscalex94 115,217,477\par\pard\li1670\s
b0\sl-218\slmult0\par\pard\li1670\sb11\sl-218\slmult0\fi0 \up0 \expndtw-8\charsc
alex94 \ul0\nosupersub\cf1\f2\fs19 20.4 Other contingencies\par\pard\li1670\sb0\
sl-218\slmult0\par\pard\li1670\sb11\sl-218\slmult0\fi436\tx8841\tx10094 \up0 \ex
pndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 Claims against the Bank not ack
nowledged as debts\tab \up0 \expndtw-8\charscalex94 33,445,873\tab \up0 \expndtw
-8\charscalex94 84,516,467
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
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}}
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}}
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}}
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}}
}
}}
}
}}
}
\sl-218\slmult0 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 20.5 Co
mmitments in respect of forward lending \par\pard\qj \li2107\sb0\sl-220\slmult0
\par\pard\qj\li2107\ri1053\sb21\sl-220\slmult0 \up0 \expndtw-7\charscalex97 \ul0
\nosupersub\cf2\f3\fs19 The bank makes commitments to extend credit in the norma
l course of its business but none of these commitments \up0 \expndtw-7\charscale
x97 are irrevocable and do not attract any significant penalty or expense if the
facility is unilaterally withdrawn. \par\pard\li1670\sb0\sl-218\slmult0\par\par
d\li1670\sb22\sl-218\slmult0\fi7372\tx10238 \up0 \expndtw-8\charscalex94 \ul0\no
supersub\cf1\f2\fs19 2012\tab \up0 \expndtw-8\charscalex94 2011\par\pard\li1670\
sb8\sl-218\slmult0\fi0\tx9177 \up0 \expndtw-7\charscalex95 20.6 Commitments in r
espect of forward foreign and local exchange contracts\tab \up0 \expndtw-8\chars
calex94 (Rupees in '000)\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb12

\sl-218\slmult0\fi436\tx8880\tx9993 \up0 \expndtw-8\charscalex94 \ul0\nosupersub
\cf2\f3\fs19 Purchase\tab \up0 \expndtw-8\charscalex94 161,434,192\tab \up0 \exp
ndtw-8\charscalex94 130,739,964\par\pard\li1670\sb8\sl-218\slmult0\fi436\tx8865\
tx10032 \up0 \expndtw-8\charscalex94 Sale\tab \up0 \expndtw-8\charscalex94 161,3
44,507\tab \up0 \expndtw-8\charscalex94 130,737,821\par\pard\li1670\sb0\sl-218\s
lmult0\par\pard\li1670\sb12\sl-218\slmult0\fi436 \up0 \expndtw-8\charscalex94 Th
e above commitments have maturities falling within one year.\par\pard\li1670\sb0
\sl-218\slmult0\par\pard\li1670\sb16\sl-218\slmult0\fi436 \up0 \expndtw-8\charsc
alex94 \ul0\nosupersub\cf1\f2\fs19 Commitments in respect of foreign currency op
tions\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb12\sl-218\slmult0\fi4
36\tx9067\tx10324 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 Purch
ase\tab \up0 \expndtw-8\charscalex94 1,317,948\tab \up0 \expndtw-8\charscalex94
336,655\par\pard\li1670\sb8\sl-218\slmult0\fi436\tx9067\tx10324 \up0 \expndtw-8\
charscalex94 Sale\tab \up0 \expndtw-8\charscalex94 1,317,948\tab \up0 \expndtw-8
\charscalex94 336,655\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb11\sl
-218\slmult0\fi436 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 Comm
itments in respect of Cross Currency Swaps\par\pard\li1670\sb0\sl-218\slmult0\pa
r\pard\li1670\sb17\sl-218\slmult0\fi436\tx9019\tx10214 \up0 \expndtw-8\charscale
x94 \ul0\nosupersub\cf2\f3\fs19 Purchase\tab \up0 \expndtw-8\charscalex94 3,659,
0\fi436\tx9019\tx10214 \up0 \expndtw-8\charscalex94 Sale\tab \up0 \expndtw-8\cha
rscalex94 3,659,009\tab \up0 \expndtw-8\charscalex94 2,868,771\par\pard\li1670\s
b0\sl-218\slmult0\par\pard\li1670\sb12\sl-218\slmult0\fi436 \up0 \expndtw-7\char
scalex95 \ul0\nosupersub\cf1\f2\fs19 Commitments in respect of foreign and local
currency interest rate swaps\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670
\sb11\sl-218\slmult0\fi436\tx9172\tx10339 \up0 \expndtw-8\charscalex94 \ul0\nosu
persub\cf2\f3\fs19 Purchase\tab \up0 \expndtw-8\charscalex94 444,199\tab \up0 \e
xpndtw-8\charscalex94 482,551\par\pard\li1670\sb9\sl-218\slmult0\fi436\tx9182\tx
10334 \up0 \expndtw-8\charscalex94 Sale\tab \up0 \expndtw-8\charscalex94 291,449
\tab \up0 \expndtw-8\charscalex94 329,801\par\pard\li1670\sb0\sl-218\slmult0\par
\ul0\nosupersub\cf1\f2\fs19 20.7 Commitments for acquisition of operating fixed
assets / intangibles\tab \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs
19 663,125\tab \up0 \expndtw-8\charscalex94 512,471\par\pard\ql \li1670\sb0\sl-2
20\slmult0 \par\pard\ql\li1670\ri1067\sb3\sl-220\slmult0\tx2107\tx2107 \up0 \exp
ndtw-1\charscalex100 \ul0\nosupersub\cf1\f2\fs19 20.8 \ul0\nosupersub\cf2\f3\fs1
9 HBL has entered into contract with Citi Bank N.A, Pakistan to acquire its cons
umer portfolio with expected \line\tab \up0 \expndtw-7\charscalex100 transaction
value of Rs. 2 billion. The transaction has been approved by the Competition Co
mmission of Pakistan, \line \tab \up0 \expndtw-8\charscalex94 however approval f
rom SBP is awaited. \par\pard\qj \li1670\sb0\sl-220\slmult0 \par\pard\qj\li1670\
ri1056\sb20\sl-220\slmult0\tx2107 \up0 \expndtw-7\charscalex98 \ul0\nosupersub\c
f1\f2\fs19 20.9 \ul0\nosupersub\cf2\f3\fs19 The income tax returns of the Bank h
ave been submitted upto and including the Bank\u8217?s financial year 2011. The
tax \line\tab \up0 \expndtw-8\charscalex98 authorities have concluded the audit
of years 2002 through 2011. \par\pard\qj \li2107\ri1053\sb212\sl-230\slmult0 \up
0 \expndtw-7\charscalex100 While amending the assessment under section 122(5A) o
f the Income Tax Ordinance, 2001 for the tax year 2006, \up0 \expndtw-7\charscal
ex97 the tax authorities have disallowed double income tax relief relating to Az
ad Jammu & Kashmir (AJK) branches. The \up0 \expndtw-7\charscalex95 exposure of
the Bank on this issue at the period end is Rs. 2,923 million. \par\pard\qj \li2
107\ri1052\sb219\sl-220\slmult0 \up0 \expndtw-5\charscalex100 Management\u8217?s
view is that the settlement reached, after deliberations by the technical commi
ttee formed by the \up0 \expndtw-7\charscalex97 Prime Minister and Chairman AJ&K
Council, relates to the long outstanding issue of basis of computation of incom
e \up0 \expndtw-7\charscalex95 in AJK. The foreign tax credit claimed by the Ban
k is in accordance with accounting practice and the law. \par\pard\qj \li2107\sb
0\sl-220\slmult0 \par\pard\qj\li2107\ri1056\sb20\sl-220\slmult0 \up0 \expndtw-6\
charscalex100 Appeal against this issue is pending at appellate stage; however,
the management is confident that the eventual \up0 \expndtw-8\charscalex96 outco

me of this issue will be in the favour of the Bank. \par\pard\qj \li2107\sb0\sl220\slmult0 \par\pard\qj\li2107\ri1054\sb20\sl-220\slmult0 \up0 \expndtw-7\chars
calex97 With reference to allowability of provision as per rule 8(A) of the seve
nth schedule, the management has carried out \up0 \expndtw-7\charscalex100 an ex
ercise at period end and concluded that full deduction of provision in succeedin
g years would be allowed and \up0 \expndtw-7\charscalex96 accordingly recognized
deferred tax asset on such provision amounting to Rs. 2.542 billion. \par\pard\
sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart Pg33}{\bkmken
d Pg33}\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\pa
\up0 \expndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 21.\tab \up0 \expndtw-8
\charscalex92 DERIVATIVE INSTRUMENTS\par\pard\qj \li2107\ri1053\sb213\sl-226\slm
ult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 Derivatives are a
type of financial contract, the value of which is determined by reference to one
or more underlying \line \up0 \expndtw-7\charscalex98 assets or indices. The ma
jor categories of such contracts include forwards, futures, swaps and options. D
erivatives \line \up0 \expndtw-5\charscalex100 also include structured financial
products that have one or more characteristics of forwards, futures, swaps and
\line \up0 \expndtw-8\charscalex96 options. \par\pard\qj \li2107\ri1053\sb215\sl
-226\slmult0 \up0 \expndtw-5\charscalex100 The Bank as an Authorized Derivative
Dealer (ADD) is an active participant in the Pakistan derivatives market. \up0 \
expndtw-7\charscalex98 Although the ADD license covers only the transactions men
tioned below (permitted under the Financial Derivatives \up0 \expndtw-7\charscal
ex96 Business Regulations issued by the SBP), the Bank offers a wide variety of
derivatives products to satisfy customers\u8217? \up0 \expndtw-7\charscalex96 ne
eds, specific approval for which is sought from the SBP on a transaction by tran
saction basis: \par\pard\ql \li2107\sb0\sl-218\slmult0 \par\pard\ql\li2107\sb3\s
l-218\slmult0 \up0 \expndtw-8\charscalex94 (a) Foreign Currency Options \par\par
d\ql \li2107\sb23\sl-218\slmult0 \up0 \expndtw-8\charscalex94 (b) Forward Rate A
greements \par\pard\ql \li2107\sb3\sl-218\slmult0 \up0 \expndtw-8\charscalex93 (
c) Interest Rate Swaps \par\pard\ql \li2107\sb3\sl-218\slmult0 \up0 \expndtw-8\c
harscalex92 (d) Cross Currency Swaps \par\pard\ql \li2107\sb0\sl-218\slmult0 \pa
r\pard\ql\li2107\sb25\sl-218\slmult0 \up0 \expndtw-7\charscalex95 These transact
ions cover the aspects of both market making and hedging. \par\pard\qj \li2107\r
i1054\sb1\sl-220\slmult0 \up0 \expndtw-2\charscalex100 The authority for approvi
ng policies lies with the Board of Directors (BoD) and the Board Risk Management
\up0 \expndtw-7\charscalex96 Committee (BRMC). The Market Risk Committee (MRC)
has been assigned the responsibility of ensuring meticulous \up0 \expndtw-8\char
scalex96 compliance with these policies. \par\pard\ql \li2107\sb0\sl-218\slmult0
\par\pard\ql\li2107\sb24\sl-218\slmult0 \up0 \expndtw-8\charscalex95 With regar
d to derivatives, the MRC is authorized to: \par\pard\qj \li2265\sb0\sl-220\slmu
lt0 \par\pard\qj\li2265\ri1142\sb1\sl-220\slmult0\tx2529 \up0 \expndtw-7\charsca
lex96 \ul0\nosupersub\cf15\f16\fs19 -\ul0\nosupersub\cf16\f17\fs19 \ul0\nosuper
sub\cf2\f3\fs19 Review the derivatives business with reference to market risk
exposure and assign various limits in accordance \line\tab \up0 \expndtw-8\chars
calex96 with the risk appetite of the Bank. \par\pard\qj \li2265\ri3044\sb0\sl-2
40\slmult0 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf15\f16\fs19 -\ul0\nosu
persub\cf16\f17\fs19 \ul0\nosupersub\cf2\f3\fs19 Review the Derivatives Busin
ess Policy and recommend approval to the BRMC / BoD. \up0 \expndtw-8\charscalex9
6 \ul0\nosupersub\cf15\f16\fs19 -\ul0\nosupersub\cf16\f17\fs19 \ul0\nosupersub\
cf2\f3\fs19 Review and approve derivatives product programs. \par\pard\ql \li2
9 -\ul0\nosupersub\cf16\f17\fs19 \ul0\nosupersub\cf2\f3\fs19 Authorize change
s in procedures and processes regarding derivatives and structured products. \pa
r\pard\ql \li2107\sb0\sl-218\slmult0 \par\pard\ql\li2107\sb8\sl-218\slmult0 \up0
\expndtw-7\charscalex97 Overall responsibility for derivatives trading activity
lies with the Treasury and Capital Markets Group (TCM). \par\pard\qj \li2107\ri
1054\sb0\sl-226\slmult0 \up0 \expndtw-6\charscalex100 Measurement & monitoring
of market and credit risk exposure and limits and its reporting to
the senior \up0 \expndtw-5\charscalex100 management and the BoD is done by Mar
ket & Treasury Risk (MTR), which also coordinates with the business \up0 \expndt
w-7\charscalex98 regarding approvals for derivatives risk limits. Treasury Opera
tions records derivatives activity in the Bank\u8217?s books, \up0 \expndtw-8\ch
arscalex94 and handles its reporting to the SBP. \par\pard\ql \li1670\sb0\sl-218
\slmult0 \par\pard\ql\li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb21\sl-218\
slmult0 \up0 \expndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 21.1. Product A
nalysis \par\pard\ql \li7487\sb3\sl-218\slmult0 \up0 \expndtw-8\charscalex100 20
12 \par\pard\li2107\sb22\sl-218\slmult0\fi2433\tx6945\tx8851 \up0 \expndtw-8\cha
rscalex95 Interest Rate Swaps\tab \up0 \expndtw-8\charscalex95 FX Options\tab \u
p0 \expndtw-8\charscalex95 Cross Currency Swaps\par\pard\li2107\sb23\sl-218\slmu
lt0\fi0\tx4574\tx5452\tx6604\tx7579\tx8827\tx9993 \up0 \expndtw-8\charscalex95 C
ounterparties\tab \up0 \expndtw-8\charscalex95 No. of\tab \up0 \expndtw-8\charsc
alex95 Notional\tab \up0 \expndtw-8\charscalex95 No. of\tab \up0 \expndtw-8\char
scalex95 Notional\tab \up0 \expndtw-8\charscalex95 No. of\tab \up0 \expndtw-8\ch
arscalex95 Notional\par\pard\li2107\sb8\sl-218\slmult0\fi2323\tx8683\tx9931 \up0
\expndtw-8\charscalex96 Contracts
Principal*
Contracts
Principal *\ta
b \up0 \expndtw-8\charscalex96 Contracts\tab \up0 \expndtw-8\charscalex96 Princi
pal *\par\pard\li2107\sb4\sl-218\slmult0\fi3302\tx7574\tx9936 \up0 \expndtw-8\ch
arscalex96 (Rupees in\tab \up0 \expndtw-8\charscalex96 (Rupees in\tab \up0 \expn
dtw-8\charscalex96 (Rupees in\par\pard\li2107\sb9\sl-218\slmult0\fi3499\tx7771\t
x10132 \up0 \expndtw-8\charscalex96 '000)\tab \up0 \expndtw-8\charscalex96 '000)
\tab \up0 \expndtw-8\charscalex96 '000)\par\pard\li2107\sb8\sl-218\slmult0\fi0 \
up0 \expndtw-8\charscalex96 With Banks for\par\pard\li2107\sb23\sl-218\slmult0\f
i240\tx5184\tx5779\tx7276\tx7905\tx9585\tx10320 \up0 \expndtw-8\charscalex96 \ul
0\nosupersub\cf2\f3\fs19 Hedging\tab \up0 \expndtw-8\charscalex96 -\tab \up0 \ex
-\par\pard\li2107\sb4\sl-218\slmult0\fi240\tx5169\tx5664\tx7137\tx7689\tx9552\t
x10180 \up0 \expndtw-8\charscalex96 Market Making\tab \up0 \expndtw-8\charscalex
9\tab \up0 \expndtw-8\charscalex96 1,317,948\tab \up0 \expndtw-8\charscalex96 4\
tab \up0 \expndtw-8\charscalex96 3,659,009\par\pard\li2107\sb0\sl-218\slmult0\pa
r\pard\li2107\sb31\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex96 \ul0\nosupers
ub\cf1\f2\fs19 With other entities for\par\pard\li2107\sb18\sl-218\slmult0\fi240
\tx5184\tx5779\tx7276\tx7905\tx9585\tx10320 \up0 \expndtw-8\charscalex96 \ul0\no
supersub\cf2\f3\fs19 Hedging\tab \up0 \expndtw-8\charscalex96 -\tab \up0 \expndt
alex96 -\tab \up0 \expndtw-8\charscalex96 -\tab \up0 \expndtw-8\charscalex96 -\p
ar\pard\li2107\sb4\sl-218\slmult0\fi240\tx5155\tx5654\tx7137\tx7689\tx9552\tx101
80 \up0 \expndtw-8\charscalex96 Market Making\tab \up0 \expndtw-8\charscalex96 2
\tab \up0 \expndtw-8\charscalex96 444,199\tab \up0 \expndtw-8\charscalex96 49\ta
b \up0 \expndtw-8\charscalex96 1,317,948\tab \up0 \expndtw-8\charscalex96 4\tab
\up0 \expndtw-8\charscalex96 3,659,009\par\pard\li2107\sb0\sl-218\slmult0\par\pa
rd\li2107\sb30\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\c
f1\f2\fs19 Total\par\pard\li2107\sb23\sl-218\slmult0\fi240\tx5184\tx5779\tx7276\
tx7905\tx9585\tx10320 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf2\f3\fs19 H
edging\tab \up0 \expndtw-8\charscalex96 -\tab \up0 \expndtw-8\charscalex96 -\tab
\up0 \expndtw-8\charscalex96 -\tab \up0 \expndtw-8\charscalex96 -\tab \up0 \exp
ndtw-8\charscalex96 -\tab \up0 \expndtw-8\charscalex96 -\par\pard\li2107\sb4\sl218\slmult0\fi240\tx5150\tx5654\tx7137\tx7641\tx9552\tx10224 \up0 \expndtw-8\cha
rscalex96 Market Making\tab \up0 \expndtw-8\charscalex96 3\tab \up0 \expndtw-8\c
harscalex96 735,648\tab \up0 \expndtw-8\charscalex96 98\tab \up0 \expndtw-8\char
scalex96 2,635,896\tab \up0 \expndtw-8\charscalex96 8\tab \up0 \expndtw-8\charsc
alex96 7,318,018

}
}}
}
}}
}
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}
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}
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}}
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}}
}
}}

}
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}
}}
}
}}
}
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}
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}}
}
}}
}
}}

}
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}}
}
}}
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}}
}
}}

}
}}
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}}
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}}
}
}}
}
}}

}
}}
}
}}
}
}}
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}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
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}}
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}
}}

}
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}}
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}}

}
}}
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}}
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}}
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}}
}
}}

}
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}}
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}}

}
}}
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}}
}
}}

}
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}}
}
}}
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}}
}
}}

}
}}
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}}
}
}}
}
}}

}
}}
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}}
}
}}
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}}
}
}}

}
}}
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}}
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}}
}
}}
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}
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}
}}
}
}}
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}}
}
}}

}
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}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
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}
}}
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}
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}}
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}
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}}
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}
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}}
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}}
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}
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}}

}
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}}
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}}

}
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}}
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}}
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}}

}
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}}
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}
}}
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}}

}
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}}
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}}
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}}

}
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}}
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}}

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}}

}
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}}

}
6\sl-218\slmult0 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 2011\p
ar\pard\sect\sectd\sbknone\cols2\colno1\colw8523\colsr160\colno2\colw3417\colsr1
60\ql \li4540\sb22\sl-218\slmult0 \up0 \expndtw-8\charscalex95 Interest Rate Swa
ps
FX Options\par\pard\ql \li2107\sb23\sl-218\slmult0\tx4569\tx5447\tx6599\t
x7574 \up0 \expndtw-8\charscalex94 Counterparties\tab \up0 \expndtw-7\charscalex
100 No. of\tab \up0 \expndtw-7\charscalex100 Notional\tab \up0 \expndtw-7\charsc
alex100 No. of\tab \up0 \expndtw-7\charscalex100 Notional\par\pard\ql \li4430\sb
3\sl-218\slmult0 \up0 \expndtw-8\charscalex97 Contracts
Principal*
Contrac
ts
Principal *\par\pard\ql \li5409\sb9\sl-218\slmult0\tx7569 \up0 \expndtw-8
\charscalex90 (Rupees in\tab \up0 \expndtw-8\charscalex90 (Rupees in\par\pard\ql
\li5606\sb9\sl-218\slmult0\tx7766 \up0 \expndtw-1\charscalex100 '000)\tab \up0
\expndtw0\charscalex100 '000)\par\pard\ql \li2107\sb3\sl-218\slmult0 \up0 \expnd
tw-8\charscalex94 With Banks for\par\pard\ql \li2347\sb23\sl-218\slmult0\tx5179\
tx5774\tx7271\tx7900 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 He
dging\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\ta
b \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\par\pard\q
l \li2347\sb9\sl-218\slmult0\tx5164\tx5663\tx7238\tx7785 \up0 \expndtw-8\charsca
lex96 Market Making\tab \up0 \expndtw-8\charscalex79 1\tab \up0 \expndtw-8\chars
calex95 329,801\tab \up0 \expndtw-2\charscalex100 8\tab \up0 \expndtw-7\charscal
ex100 336,655\par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \li2107\sb26\s
l-218\slmult0 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 With oth
er entities for\par\pard\ql \li2347\sb23\sl-218\slmult0\tx5179\tx5774\tx7271\tx7
900 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 Hedging\tab \up0 \e
xpndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2
\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql \li2347\sb8\sl218\slmult0\tx5150\tx5663\tx7238\tx7785 \up0 \expndtw-8\charscalex96 Market Maki
ng\tab \up0 \expndtw-8\charscalex100 2\tab \up0 \expndtw-8\charscalex95 482,551\
tab \up0 \expndtw-2\charscalex100 8\tab \up0 \expndtw-7\charscalex100 336,655\pa
r\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \li2107\sb26\sl-218\slmult0 \u
p0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 Total\par\pard\ql \li2347
\sb19\sl-218\slmult0\tx5179\tx5774\tx7271\tx7900 \up0 \expndtw-8\charscalex94 \u
l0\nosupersub\cf2\f3\fs19 Hedging\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \
expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw2\charscalex100 -\par\pard\ql \li2347\sb8\sl-218\slmult0\tx5145\tx5668\tx7161\tx
7809 \up0 \expndtw-8\charscalex96 Market Making\tab \up0 \expndtw-5\charscalex10
\tab \up0 \expndtw-8\charscalex94 673,310\par\pard\ql \li1670\sb0\sl-218\slmult0
\par\pard\ql \li2227\sb31\sl-218\slmult0 \up0 \expndtw-8\charscalex96 * At the
exchange rate prevailing at the end of the reporting year.\par\pard\ql \li1670\s
b0\sl-218\slmult0 \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \li1670\s
b14\sl-218\slmult0 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 21.2
. Maturity Analysis\par\pard\ql \li5587\sb0\sl-218\slmult0 \par\pard\ql \li6374\
sb16\sl-218\slmult0 \up0 \expndtw-8\charscalex100 2012\par\pard\ql \li5587\sb18\
sl-218\slmult0\tx6532 \up0 \expndtw-7\charscalex100 No. of\tab \up0 \expndtw-7\c
harscalex100 Notional\par\pard\column \ql \li188\sb22\sl-218\slmult0 \up0 \expnd
tw-8\charscalex90 Cross Currency Swaps\par\pard\ql \li164\sb23\sl-218\slmult0\tx
1335 \up0 \expndtw-6\charscalex100 No. of\tab \up0 \expndtw-7\charscalex100 Noti
onal\par\pard\ql \li20\sb3\sl-218\slmult0\tx1273 \up0 \expndtw-8\charscalex93 Co
ntracts\tab \up0 \expndtw-8\charscalex95 Principal *\par\pard\ql \li1273\sb9\sl218\slmult0 \up0 \expndtw-8\charscalex90 (Rupees in\par\pard\ql \li1469\sb9\sl-2
18\slmult0 \up0 \expndtw-1\charscalex100 '000)\par\pard\ql \li9552\sb0\sl-218\sl
mult0 \par\pard\ql \li922\sb25\sl-218\slmult0\tx1662 \up0 \expndtw-2\charscalex1

00 \ul0\nosupersub\cf2\f3\fs19 -\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql
\li893\sb9\sl-218\slmult0\tx1566 \up0 \expndtw-8\charscalex96 3\tab \up0 \expnd
tw-8\charscalex93 2,868,771\par\pard\ql \li9552\sb0\sl-218\slmult0 \par\pard\ql
\li9552\sb0\sl-218\slmult0 \par\pard\ql \li922\sb48\sl-218\slmult0\tx1662 \up0 \
expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql \li893
\sb8\sl-218\slmult0\tx1566 \up0 \expndtw-8\charscalex96 3\tab \up0 \expndtw-8\ch
arscalex93 2,868,771\par\pard\ql \li9552\sb0\sl-218\slmult0 \par\pard\ql \li9552
\sb0\sl-218\slmult0 \par\pard\ql \li922\sb44\sl-218\slmult0\tx1662 \up0 \expndtw
-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql \li889\sb8\sl
-218\slmult0\tx1556 \up0 \expndtw-6\charscalex100 6\tab \up0 \expndtw-8\charscal
ex94 5,737,542\par\pard\sect\sectd\sbknone\cols3\colno1\colw5283\colsr160\colno2
\colw919\colsr60\colno3\colw5688\colsr160\ql \li2563\sb0\sl-171\slmult0 \up0 \ex
pndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 Remaining Maturity\par\pard\ql
\li2347\sb0\sl-218\slmult0 \par\pard\ql \li2347\sb0\sl-218\slmult0 \par\pard\ql
\li2347\sb0\sl-218\slmult0 \par\pard\ql \li2347\sb110\sl-218\slmult0 \up0 \expnd
tw-6\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Upto I Month\par\pard\ql \li2347\
sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex96 1 to 3 Months\par\pard\ql \li234
7\sb8\sl-218\slmult0 \up0 \expndtw-7\charscalex100 3 Months to 6 Months\par\pard
\ql \li2347\sb4\sl-218\slmult0 \up0 \expndtw-8\charscalex94 6 Months to 1 Years\
par\pard\ql \li2347\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex90 1 to 2 Years
\par\pard\ql \li2347\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex93 3 to 5 Year
s\par\pard\column \ql \li20\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex93 \ul0
\nosupersub\cf1\f2\fs19 Contracts\par\pard\ql \li6086\sb0\sl-218\slmult0 \par\pa
rd\ql \li6086\sb0\sl-218\slmult0 \par\pard\ql \li6086\sb0\sl-218\slmult0 \par\pa
rd\ql \li773\sb55\sl-218\slmult0 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf
2\f3\fs19 2\par\pard\ql \li663\sb9\sl-218\slmult0 \up0 \expndtw-4\charscalex100
34\par\pard\ql \li677\sb8\sl-218\slmult0 \up0 \expndtw-8\charscalex93 67\par\par
d\ql \li773\sb4\sl-218\slmult0 \up0 \expndtw-8\charscalex96 2\par\pard\ql \li773
\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex96 2\par\pard\ql \li773\sb9\sl-218
\slmult0 \up0 \expndtw-8\charscalex96 2\par\pard\ql \li586\sb23\sl-218\slmult0 \
up0 \expndtw-8\charscalex94 109\par\pard\ql \li5587\sb0\sl-218\slmult0 \par\pard
\ql \li5587\sb0\sl-218\slmult0 \par\pard\ql \li164\sb71\sl-218\slmult0 \up0 \exp
ndtw-7\charscalex100 \ul0\nosupersub\cf1\f2\fs19 No. of\par\pard\column \ql \li1
532\sb0\sl-171\slmult0 \up0 \expndtw-8\charscalex100 Mark to Market\par\pard\ql
\li155\sb0\sl-171\slmult0 \up0 \expndtw-8\charscalex90 Principal\par\pard\ql \li
1182\sb0\sl-171\slmult0\tx2373\tx3726 \up0 \expndtw-8\charscalex96 Negative\tab
\up0 \expndtw-8\charscalex91 Positive\tab \up0 \expndtw-3\charscalex100 Net\par\
pard\ql \li217\sb1\sl-187\slmult0 \up0 \expndtw0\charscalex102 ---------------(Rupees in '000) -------------------\par\pard\ql \li6566\sb0\sl-218\slmult0 \par
\pard\ql \li404\sb16\sl-218\slmult0\tx1725\tx3069\tx4043 \up0 \expndtw-7\charsca
lex100 \ul0\nosupersub\cf2\f3\fs19 40,932\tab \up0 \expndtw-6\charscalex100 (56)
\tab \up0 \expndtw-7\charscalex100 56\tab \up0 \expndtw-2\charscalex100 -\par\pa
rd\ql \li179\sb9\sl-218\slmult0\tx1388\tx2752\tx4139 \up0 \expndtw-8\charscalex9
6 1,890,874\tab \up0 \expndtw-8\charscalex100 (14,858)\tab \up0 \expndtw-8\chars
calex93 15,076\tab \up0 \expndtw-8\charscalex92 218\par\pard\ql \li179\sb8\sl-21
8\slmult0\tx1403\tx2742\tx3875 \up0 \expndtw-8\charscalex96 2,536,207\tab \up0 \
expndtw-8\charscalex95 (19,786)\tab \up0 \expndtw-8\charscalex95 18,299\tab \up0
\expndtw-8\charscalex95 (1,487)\par\pard\ql \li174\sb4\sl-218\slmult0\tx1633\tx
2853\tx4004 \up0 \expndtw-8\charscalex97 4,481,268\tab \up0 \expndtw-8\charscale
x100 (297)\tab \up0 \expndtw-8\charscalex91 1,794\tab \up0 \expndtw-8\charscalex
91 1,497\par\pard\ql \li217\sb9\sl-218\slmult0\tx1480\tx2848\tx3990 \up0 \expndt
w-8\charscalex91 1,157,383\tab \up0 \expndtw-7\charscalex100 (2,862)\tab \up0 \e
xpndtw-8\charscalex92 5,737\tab \up0 \expndtw-8\charscalex95 2,875\par\pard\ql \
li304\sb9\sl-218\slmult0\tx1398\tx2742\tx4124 \up0 \expndtw-6\charscalex100 582,
898\tab \up0 \expndtw-8\charscalex96 (14,935)\tab \up0 \expndtw-8\charscalex95 1
5,442\tab \up0 \expndtw-8\charscalex95 507\par\pard\ql \li83\sb23\sl-218\slmult0
\tx1388\tx2713\tx3990 \up0 \expndtw-8\charscalex96 10,689,562\tab \up0 \expndtw8\charscalex100 (52,794)\tab \up0 \expndtw-6\charscalex100 56,404\tab \up0 \expn
dtw-8\charscalex95 3,610\par\pard\ql \li2563\sb0\sl-218\slmult0 \par\pard\ql \li

2011\par\pard\ql \li145\sb23\sl-218\slmult0 \up0 \expndtw-7\charscalex100 Notion
al\par\pard\sect\sectd\sbknone\cols3\colno1\colw5283\colsr160\colno2\colw954\col
sr160\colno3\colw5553\colsr160\ql \li2563\sb0\sl-171\slmult0 \up0 \expndtw-8\cha
rscalex95 Remaining Maturity\par\pard\ql \li2347\sb0\sl-218\slmult0 \par\pard\ql
\li2347\sb0\sl-218\slmult0 \par\pard\ql \li2347\sb0\sl-218\slmult0 \par\pard\ql
\li2347\sb110\sl-218\slmult0 \up0 \expndtw-6\charscalex100 \ul0\nosupersub\cf2\
f3\fs19 Upto I Month\par\pard\ql \li2347\sb9\sl-218\slmult0 \up0 \expndtw-8\char
scalex96 1 to 3 Months\par\pard\ql \li2347\sb4\sl-218\slmult0 \up0 \expndtw-7\ch
arscalex100 3 Months to 6 Months\par\pard\ql \li2347\sb8\sl-218\slmult0 \up0 \ex
pndtw-8\charscalex90 1 to 2 Years\par\pard\ql \li2347\sb9\sl-218\slmult0 \up0 \e
xpndtw-8\charscalex93 3 to 5 Years\par\pard\column \ql \li20\sb9\sl-218\slmult0
\up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 Contracts\par\pard\ql \
li6120\sb0\sl-218\slmult0 \par\pard\ql \li773\sb55\sl-218\slmult0 \up0 \expndtw8\charscalex96 \ul0\nosupersub\cf2\f3\fs19 2\par\pard\ql \li697\sb9\sl-218\slmul
t0 \up0 \expndtw-8\charscalex86 12\par\pard\ql \li773\sb4\sl-218\slmult0 \up0 \e
xpndtw-8\charscalex96 2\par\pard\ql \li778\sb8\sl-218\slmult0 \up0 \expndtw-8\ch
arscalex90 7\par\pard\ql \li773\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex96
2\par\pard\ql \li677\sb23\sl-218\slmult0 \up0 \expndtw-8\charscalex96 25\par\par
d\column \ql \li1397\sb0\sl-171\slmult0 \up0 \expndtw-8\charscalex100 \ul0\nosup
ersub\cf1\f2\fs19 Mark to Market\par\pard\ql \li20\sb0\sl-171\slmult0 \up0 \expn
dtw-8\charscalex90 Principal\par\pard\ql \li1047\sb0\sl-171\slmult0\tx2238\tx359
1 \up0 \expndtw-8\charscalex96 Negative\tab \up0 \expndtw-8\charscalex91 Positiv
e\tab \up0 \expndtw-3\charscalex100 Net\par\pard\ql \li82\sb1\sl-187\slmult0 \up
0 \expndtw0\charscalex102 ---------------- (Rupees in '000) -------------------\
par\pard\ql \li6556\sb0\sl-218\slmult0 \par\pard\ql \li274\sb16\sl-218\slmult0\t
x1493\tx2838\tx3908 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf2\f3\fs19 63
,239\tab \up0 \expndtw-7\charscalex100 (679)\tab \up0 \expndtw-8\charscalex100 6
79\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql \li173\sb9\sl-218\slmult0\tx1
364\tx2708\tx3908 \up0 \expndtw-7\charscalex100 559,649\tab \up0 \expndtw-8\char
scalex95 (2,753)\tab \up0 \expndtw-8\charscalex93 2,753\tab \up0 \expndtw-2\char
scalex100 -\par\pard\ql \li274\sb4\sl-218\slmult0\tx1489\tx2833\tx3908 \up0 \exp
ndtw-7\charscalex100 50,422\tab \up0 \expndtw-6\charscalex100 (202)\tab \up0 \ex
pndtw-7\charscalex100 202\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql \li29\
sb8\sl-218\slmult0\tx1244\tx2636\tx3874 \up0 \expndtw-7\charscalex100 5,890,293\
tab \up0 \expndtw-7\charscalex100 (29,420)\tab \up0 \expndtw-8\charscalex89 37,2
71\tab \up0 \expndtw-8\charscalex91 7,851\par\pard\ql \li173\sb9\sl-218\slmult0\
tx1263\tx2612\tx3975 \up0 \expndtw-7\charscalex100 659,602\tab \up0 \expndtw-8\c
harscalex96 (15,309)\tab \up0 \expndtw-8\charscalex94 15,999\tab \up0 \expndtw-4
\charscalex100 690\par\pard\ql \li49\sb23\sl-218\slmult0\tx1234\tx2583\tx3855 \u
p0 \expndtw-8\charscalex96 7,223,205\tab \up0 \expndtw-6\charscalex100 (48,363)\
}
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}
\fi0\tx8884\tx10080 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 22.
MARK-UP / RETURN / PROFIT EARNED\tab \up0 \expndtw-8\charscalex94 2012\tab
\up0 \expndtw-8\charscalex94 2011\par\pard\li2107\sb4\sl-218\slmult0\fi6911 \up0
\expndtw-8\charscalex96 (Rupees in '000)\par\pard\li2107\sb9\sl-218\slmult0\fi0
\up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf13\f14\fs19 On advances to\par\p
ard\li2107\sb8\sl-218\slmult0\fi43\tx8760\tx9931 \up0 \expndtw-8\charscalex96 \u
l0\nosupersub\cf2\f3\fs19 - Customers\tab \up0 \expndtw-8\charscalex96 50,990,89
5\tab \up0 \expndtw-8\charscalex96 53,948,102\par\pard\li2107\sb9\sl-218\slmult0
\fi43\tx9033\tx10180 \up0 \expndtw-8\charscalex96 - Financial institutions\tab \
\pard\li2107\sb0\sl-218\slmult0\par\pard\li2107\sb11\sl-218\slmult0\fi0 \up0 \ex
pndtw-8\charscalex96 \ul0\nosupersub\cf13\f14\fs19 On investments\par\pard\li210
7\sb9\sl-218\slmult0\fi43\tx8779\tx9907 \up0 \expndtw-8\charscalex96 \ul0\nosupe
rsub\cf2\f3\fs19 - Available for sale\tab \up0 \expndtw-8\charscalex96 52,802,82
\fi43\tx8904\tx10171 \up0 \expndtw-8\charscalex96 - Held for Trading\tab \up0 \e
xpndtw-8\charscalex96 1,452,756\tab \up0 \expndtw-8\charscalex96 522,999\par\par
d\li2107\sb8\sl-218\slmult0\fi43\tx8880\tx10046 \up0 \expndtw-8\charscalex96 - H
eld to maturity\tab \up0 \expndtw-8\charscalex96 5,648,183\tab \up0 \expndtw-8\c
harscalex96 1,555,366\par\pard\li2107\sb0\sl-218\slmult0\par\pard\li2107\sb12\sl
-218\slmult0\fi0\tx8918\tx10180 \up0 \expndtw-8\charscalex96 On deposits with fi
nancial institutions\tab \up0 \expndtw-8\charscalex96 1,112,044\tab \up0 \expndt
w-8\charscalex96 706,163\par\pard\li2107\sb8\sl-218\slmult0\fi0\tx8875\tx10022 \
up0 \expndtw-8\charscalex96 On lendings to financial institutions\tab \up0 \expn
\li8707\sb0\sl-218\slmult0\par\pard\li8707\sb31\sl-218\slmult0\fi0\tx9921 \up0 \
expndtw-8\charscalex96 114,399,790\tab \up0 \expndtw-8\charscalex96 96,447,370\p
ar\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li
1670\sb57\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2
\fs19 23. MARK-UP / RETURN / PROFIT EXPENSED\par\pard\li1670\sb0\sl-218\slmult
0\par\pard\li1670\sb17\sl-218\slmult0\fi436\tx8793\tx9921 \up0 \expndtw-8\charsc
alex96 \ul0\nosupersub\cf2\f3\fs19 Deposits\tab \up0 \expndtw-8\charscalex96 50,
671,594\tab \up0 \expndtw-8\charscalex96 37,528,486\par\pard\li1670\sb3\sl-218\s
lmult0\fi436\tx8860\tx10161 \up0 \expndtw-8\charscalex96 Securities sold under r
epurchase agreement borrowings\tab \up0 \expndtw-8\charscalex96 4,903,995\tab \u
p0 \expndtw-8\charscalex96 789,508\par\pard\li1670\sb9\sl-218\slmult0\fi436\tx88
56\tx10027 \up0 \expndtw-8\charscalex96 Other short term borrowings\tab \up0 \ex
rd\li1670\sb9\sl-218\slmult0\fi436\tx9047\tx10166 \up0 \expndtw-8\charscalex96 L
ong term borrowings\tab \up0 \expndtw-8\charscalex96 417,595\tab \up0 \expndtw-8
\charscalex96 535,858\par\pard\li8779\sb0\sl-218\slmult0\par\pard\li8779\sb25\sl
-218\slmult0\fi0\tx9950 \up0 \expndtw-8\charscalex96 58,324,168\tab \up0 \expndt
w-8\charscalex96 41,563,287\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\s
alex95 \ul0\nosupersub\cf1\f2\fs19 24. GAIN ON SALE OF SECURITIES -NET\par\par
d\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb45\sl-218\slmult0\fi470 \up0 \expn
dtw-8\charscalex95 \ul0\nosupersub\cf8\f9\fs19 Federal Government Securities\par
5 \ul0\nosupersub\cf2\f3\fs19 - Market treasury bills\tab \up0 \expndtw-8\charsc
alex95 585,362\tab \up0 \expndtw-8\charscalex95 300,689\par\pard\li1670\sb9\sl-2
18\slmult0\fi470\tx9052\tx10233 \up0 \expndtw-8\charscalex95 - Pakistan investme
nt bonds\tab \up0 \expndtw-8\charscalex95 115,490\tab \up0 \expndtw-8\charscalex

95 (91,109)\par\pard\li1670\sb9\sl-218\slmult0\fi470\tx9033\tx10440 \up0 \expndt
w-8\charscalex95 - Other securities\tab \up0 \expndtw-8\charscalex95 122,830\tab
\up0 \expndtw-8\charscalex95 2,015\par\pard\li1670\sb0\sl-218\slmult0\par\pard\
li1670\sb11\sl-218\slmult0\fi470\tx9052\tx10243 \up0 \expndtw-8\charscalex95 Lis
ted shares\tab \up0 \expndtw-8\charscalex95 137,559\tab \up0 \expndtw-8\charscal
ex95 214,079\par\pard\li1670\sb23\sl-218\slmult0\fi7382\tx10224 \up0 \expndtw-8\
0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb62\sl-218\
slmult0\fi0\tx2140 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 25.\
tab \up0 \expndtw-8\charscalex95 OTHER INCOME\par\pard\li1670\sb0\sl-218\slmult0
\par\pard\li1670\sb11\sl-218\slmult0\fi470\tx8884\tx10089 \up0 \expndtw-8\charsc
alex95 \ul0\nosupersub\cf2\f3\fs19 Incidental charges\tab \up0 \expndtw-8\charsc
alex95 2,149,866\tab \up0 \expndtw-8\charscalex95 2,078,525\par\pard\li1670\sb9\
sl-218\slmult0\fi470\tx9009\tx10238 \up0 \expndtw-8\charscalex95 Rent on lockers
calex95 (Loss) / gain on sale of operating fixed assets - net\tab \up0 \expndtw8\charscalex95 (29,144)\tab \up0 \expndtw-8\charscalex95 7,746\par\pard\li1670\s
b9\sl-218\slmult0\fi470\tx9134\tx10358 \up0 \expndtw-8\charscalex95 Gain on sale
of non-banking asset\tab \up0 \expndtw-8\charscalex95 47,707\tab \up0 \expndtw8\charscalex95 -\par\pard\li1670\sb8\sl-218\slmult0\fi470\tx9028\tx10233 \up0 \e
xpndtw-8\charscalex95 Rent on property\tab \up0 \expndtw-8\charscalex95 104,354\
0\tx9144\tx10320 \up0 \expndtw-8\charscalex95 Bad debts recovered\tab \up0 \expn
dtw-8\charscalex95 32,277\tab \up0 \expndtw-8\charscalex95 34,472\par\pard\li167
0\sb8\sl-218\slmult0\fi470\tx9047\tx10233 \up0 \expndtw-8\charscalex95 Miscellan
eous earnings\tab \up0 \expndtw-8\charscalex95 127,268\tab \up0 \expndtw-8\chars
calex95 176,644\par\pard\li8923\sb18\sl-218\slmult0\fi0\tx10113 \up0 \expndtw-8\
charscalex92 2,771,622\tab \up0 \expndtw-8\charscalex92 2,732,153
}
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}
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\fi0\tx2107\tx7992\tx8889\tx10089 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\c
f1\f2\fs19 26.\tab \up0 \expndtw-8\charscalex93 ADMINISTRATIVE EXPENSES\tab \up0
\expndtw-8\charscalex93 Note\tab \up0 \expndtw-8\charscalex93 2012\tab \up0 \ex
pndtw-8\charscalex93 2011\par\pard\li2131\sb4\sl-218\slmult0\fi6892 \up0 \expndt
w-8\charscalex95 (Rupees in '000)\par\pard\li2131\sb0\sl-218\slmult0\par\pard\li
2131\sb16\sl-218\slmult0\fi0\tx8788\tx9988 \up0 \expndtw-8\charscalex95 \ul0\nos
upersub\cf2\f3\fs19 Salaries, allowances, etc.\tab \up0 \expndtw-8\charscalex95
8\slmult0\fi0\tx8904\tx10118 \up0 \expndtw-8\charscalex95 Charge for defined ben
efit / contribution plan and other benefits\tab \up0 \expndtw-8\charscalex95 1,3
ult0\fi0\tx9110\tx10324 \up0 \expndtw-8\charscalex95 Non-executive directors' fe
es\tab \up0 \expndtw-8\charscalex95 19,800\tab \up0 \expndtw-8\charscalex95 13,7
00\par\pard\li2131\sb8\sl-218\slmult0\fi0\tx9091\tx10310 \up0 \expndtw-8\charsca
lex95 Brokerage and commission\tab \up0 \expndtw-8\charscalex95 40,435\tab \up0
\expndtw-8\charscalex95 20,872\par\pard\li2131\sb9\sl-218\slmult0\fi0\tx8884\tx1
0099 \up0 \expndtw-8\charscalex95 Rent, taxes, insurance, electricity, etc.\tab
1\par\pard\li2131\sb4\sl-218\slmult0\fi0\tx9038\tx10104 \up0 \expndtw-8\charscal
ex95 Legal and professional charges\tab \up0 \expndtw-8\charscalex95 919,941\tab
\up0 \expndtw-8\charscalex95 1,599,031\par\pard\li2131\sb8\sl-218\slmult0\fi0\t
x9009\tx10243 \up0 \expndtw-8\charscalex95 Communications\tab \up0 \expndtw-8\ch
arscalex95 646,091\tab \up0 \expndtw-8\charscalex95 552,710\par\pard\li2131\sb9\
sl-218\slmult0\fi0\tx8899\tx10089 \up0 \expndtw-8\charscalex95 Repairs and maint
enance\tab \up0 \expndtw-8\charscalex95 1,323,579\tab \up0 \expndtw-8\charscalex
95 1,142,460\par\pard\li2131\sb4\sl-218\slmult0\fi0\tx9009\tx10228 \up0 \expndtw
-8\charscalex95 Stationery and printing\tab \up0 \expndtw-8\charscalex95 610,493
\tab \up0 \expndtw-8\charscalex95 516,629\par\pard\li2131\sb8\sl-218\slmult0\fi0
\tx8064\tx9105\tx10291 \up0 \expndtw-8\charscalex95 Auditors' remuneration\tab \
up0 \expndtw-8\charscalex95 26.1\tab \up0 \expndtw-8\charscalex95 88,075\tab \up
0 \expndtw-8\charscalex95 69,940\par\pard\li2131\sb9\sl-218\slmult0\fi0\tx8889\t
x10200 \up0 \expndtw-8\charscalex95 Advertisement and publicity\tab \up0 \expndt
w-8\charscalex95 1,144,546\tab \up0 \expndtw-8\charscalex95 995,642\par\pard\li2
131\sb9\sl-218\slmult0\fi0\tx8064\tx9100\tx10310 \up0 \expndtw-8\charscalex95 Am
ortization\tab \up0 \expndtw-8\charscalex95 10.2\tab \up0 \expndtw-8\charscalex9
5 78,344\tab \up0 \expndtw-8\charscalex95 43,237\par\pard\li2131\sb4\sl-218\slmu
lt0\fi0\tx8064\tx8875\tx10089 \up0 \expndtw-8\charscalex95 Depreciation\tab \up0
\expndtw-8\charscalex95 10.3\tab \up0 \expndtw-8\charscalex95 1,347,848\tab \up
0 \expndtw-8\charscalex95 1,357,994\par\pard\li2131\sb8\sl-218\slmult0\fi0\tx900
9\tx10252 \up0 \expndtw-8\charscalex95 Entertainment\tab \up0 \expndtw-8\charsca
lex95 145,048\tab \up0 \expndtw-8\charscalex95 116,014\par\pard\li2131\sb9\sl-21

8\slmult0\fi0\tx9014\tx10200 \up0 \expndtw-8\charscalex95 Travelling\tab \up0 \e
xpndtw-8\charscalex95 390,201\tab \up0 \expndtw-8\charscalex95 333,095\par\pard\
li2131\sb3\sl-218\slmult0\fi0\tx9028\tx10238 \up0 \expndtw-8\charscalex95 Convey
ance\tab \up0 \expndtw-8\charscalex95 125,905\tab \up0 \expndtw-8\charscalex95 1
07,837\par\pard\li2131\sb9\sl-218\slmult0\fi0\tx9009\tx10214 \up0 \expndtw-8\cha
rscalex95 Training\tab \up0 \expndtw-8\charscalex95 202,532\tab \up0 \expndtw-8\
charscalex95 126,449\par\pard\li2131\sb9\sl-218\slmult0\fi0\tx9019\tx10233 \up0
\expndtw-8\charscalex95 Security charges\tab \up0 \expndtw-8\charscalex95 872,57
4\tab \up0 \expndtw-8\charscalex95 761,933\par\pard\li2131\sb8\sl-218\slmult0\fi
0\tx9047\tx10219 \up0 \expndtw-8\charscalex95 Remittance charges\tab \up0 \expnd
tw-8\charscalex95 132,051\tab \up0 \expndtw-8\charscalex95 164,623\par\pard\li21
31\sb4\sl-218\slmult0\fi0\tx8054\tx8990\tx10204 \up0 \expndtw-8\charscalex95 Don
ations\tab \up0 \expndtw-8\charscalex95 26.3\tab \up0 \expndtw-8\charscalex95 25
0\fi0\tx9000\tx10190 \up0 \expndtw-8\charscalex95 Documentation and processing c
harges\tab \up0 \expndtw-8\charscalex95 524,288\tab \up0 \expndtw-8\charscalex95
409,788\par\pard\li2131\sb8\sl-218\slmult0\fi0\tx8995\tx10180 \up0 \expndtw-8\c
harscalex95 Others\tab \up0 \expndtw-8\charscalex95 402,224\tab \up0 \expndtw-8\
charscalex95 240,080\par\pard\li1670\sb23\sl-218\slmult0\fi7118\tx9979 \up0 \exp
ard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb50\sl-218\slmult0\fi0\tx2131 \up
0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 26.1\tab \up0 \expndtw-8\c
harscalex95 Auditors' remuneration\par\pard\li1670\sb191\sl-218\slmult0\fi460\tx
9201\tx10401 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 Audit fee\
tab \up0 \expndtw-8\charscalex95 3,959\tab \up0 \expndtw-8\charscalex95 3,682\pa
r\pard\li1670\sb9\sl-218\slmult0\fi460\tx9192\tx10401 \up0 \expndtw-8\charscalex
95 Fee for interim review\tab \up0 \expndtw-8\charscalex95 3,600\tab \up0 \expnd
tw-8\charscalex95 3,350\par\pard\li1670\sb186\sl-218\slmult0\fi460\tx9201\tx1042
0 \up0 \expndtw-8\charscalex95 Fee for audit of local branches of the Bank\tab \
up0 \expndtw-8\charscalex95 9,209\tab \up0 \expndtw-8\charscalex95 8,159\par\par
d\li1670\sb8\sl-218\slmult0\fi460 \up0 \expndtw-8\charscalex95 Special certifica
tions / examinations\par\pard\li1670\sb4\sl-218\slmult0\fi460\tx9254\tx10430 \up
0 \expndtw-8\charscalex95 and sundry advisory services\tab \up0 \expndtw-8\chars
calex95 1,791\tab \up0 \expndtw-8\charscalex95 1,652\par\pard\li1670\sb9\sl-218\
slmult0\fi460\tx9201\tx10406 \up0 \expndtw-8\charscalex95 Out of pocket expenses
\tab \up0 \expndtw-8\charscalex95 2,938\tab \up0 \expndtw-8\charscalex95 3,202\p
ar\pard\li2131\sb23\sl-218\slmult0\fi6998\tx10295 \up0 \expndtw-8\charscalex95 2
1,497\tab \up0 \expndtw-8\charscalex95 20,045\par\pard\li2131\sb9\sl-218\slmult0
\fi0\tx9110\tx10295 \up0 \expndtw-8\charscalex95 Overseas branches\tab \up0 \exp
ndtw-8\charscalex95 66,578\tab \up0 \expndtw-8\charscalex95 49,895\par\pard\li91
05\sb13\sl-218\slmult0\fi0\tx10291 \up0 \expndtw-7\charscalex100 88,075\tab \up0
\expndtw-7\charscalex100 69,940\par\pard\ql \li1670\sb0\sl-224\slmult0 \par\par
d\ql\li1670\ri1142\sb44\sl-224\slmult0\tx2131\tx2131\tx2131\tx2131\tx2131 \up0 \
expndtw-4\charscalex100 \ul0\nosupersub\cf1\f2\fs19 26.2 \ul0\nosupersub\cf2\f3\
fs19 The Bank operates a short term employee benefit scheme which includes cash
award / special bonus for all \line\tab \up0 \expndtw-7\charscalex96 employees.
Under this scheme, the bonus for all Executives, including the Chief Executive
Officer is determined on \line \tab \up0 \expndtw-7\charscalex96 the basis of em
ployees' evaluation and the Bank's performance during the year. The aggregate am
ount determined \line \tab \up0 \expndtw-7\charscalex100 for the eligible employ
ees in respect of the above scheme relating to all Executives and for the Key Ma
nagement \line \tab \up0 \expndtw-7\charscalex96 Personnel of the Bank amounted
to Rs.1,173.519 million (2011: Rs. 601.053 million) and Rs. 933.804 million (201
1: \line \tab \up0 \expndtw-8\charscalex96 Rs. 418.043 million) respectively. \p
ar\pard\ql \li1670\sb181\sl-218\slmult0 \up0 \expndtw-7\charscalex95 \ul0\nosupe
rsub\cf1\f2\fs19 26.3 \ul0\nosupersub\cf2\f3\fs19 Details of the donations in e
xcess of Rs. 100,000 and above are given in Annexure IV. \par\pard\ql \li1670\sb
0\sl-218\slmult0 \par\pard\ql\li1670\sb65\sl-218\slmult0 \up0 \expndtw-8\charsca
lex94 \ul0\nosupersub\cf1\f2\fs19 26.4 Benazir Employees\u8217? Stock Option Sc
heme \par\pard\qj \li2131\ri1144\sb181\sl-220\slmult0 \up0 \expndtw-7\charscalex

97 \ul0\nosupersub\cf2\f3\fs19 On August 14, 2009, the Government of Pakistan (G
oP) launched Benazir Employees\u8217? Stock Option Scheme [\u8220?the \up0 \expn
dtw-7\charscalex95 Scheme\u8221?] for employees of certain State Owned Enterpris
es (SOEs) and non-State Owned Enterprises. \par\pard\qj \li2131\sb0\sl-220\slmul
t0 \par\pard\qj\li2131\ri1143\sb20\sl-220\slmult0 \up0 \expndtw-3\charscalex100
The Scheme, needs to be accounted for by the covered entities, including the Ban
k, under the provision of \up0 \expndtw-7\charscalex95 amended International Fin
ancial Reporting Standard 2 - Share Based Payments (IFRS 2). However, keeping in
view \up0 \expndtw-7\charscalex100 the difficulties that may be faced by the en
tities covered under the Scheme, the SECP has granted exemption to \up0 \expndtw
-8\charscalex95 such entities from the application of IFRS 2 to the Scheme. \par
\pard\qj \li2131\sb0\sl-220\slmult0 \par\pard\qj\li2131\ri1144\sb20\sl-220\slmul
t0 \up0 \expndtw-5\charscalex100 Had the exemption not been granted the staff co
sts of the Bank for the period would have been higher by Rs. \up0 \expndtw-6\cha
rscalex100 1,502 million, profit before taxation would have been lower by Rs. 1,
502 million (earnings per share would have \up0 \expndtw-7\charscalex96 been low
er by Rs. 1.24 per share) and, as the Scheme is fully funded by GoP, there would
have been no impact on \up0 \expndtw-8\charscalex96 retained earnings / equity
of the Bank.
}
}}
}
}}
}
}}

}
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}}
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}}

}
8\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\
par\pard\li1670\sb28\sl-218\slmult0\fi7228\tx10214 \up0 \expndtw-8\charscalex94
\ul0\nosupersub\cf1\f2\fs19 2012\tab \up0 \expndtw-8\charscalex94 2011\par\pard\
li1670\sb9\sl-218\slmult0\fi0\tx2131\tx9134 \up0 \expndtw-8\charscalex94 27.\tab
\up0 \expndtw-8\charscalex94 OTHER CHARGES\tab \up0 \expndtw-8\charscalex94 (Ru
pees in '000)\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb11\sl-218\slm
ult0\fi460\tx9139\tx10488 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs
19 Penalties imposed by State Bank of Pakistan\tab \up0 \expndtw-8\charscalex94
0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb48\sl-218\slmult0\fi0\tx2
131 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 28.\tab \up0 \expnd
tw-8\charscalex94 WORKERS WELFARE FUND\par\pard\li1670\sb0\sl-218\slmult0\par\pa
rd\li1670\sb12\sl-218\slmult0\fi460 \up0 \expndtw-7\charscalex95 \ul0\nosupersub
\cf2\f3\fs19 The Worker\u8217?s Welfare Ordinance, 1971 has been amended vide Fi
nance Act, 2008 by virtue of which the Bank is now\par\pard\li1670\sb8\sl-218\sl
mult0\fi460 \up0 \expndtw-7\charscalex95 liable to pay WWF @ 2% of profit before
tax as per accounts or declared income as per income tax return, whichever\par\
pard\li1670\sb9\sl-218\slmult0\fi460 \up0 \expndtw-8\charscalex94 is higher.\par
\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li16
70\sb14\sl-218\slmult0\fi0\tx2131\tx8918\tx10252 \up0 \expndtw-8\charscalex96 \u
l0\nosupersub\cf1\f2\fs19 29.\tab \up0 \expndtw-8\charscalex96 TAXATION\tab \up0
\expndtw-8\charscalex96 2012\tab \up0 \expndtw-8\charscalex96 2011\par\pard\li2
131\sb8\sl-218\slmult0\fi7003 \up0 \expndtw-8\charscalex94 (Rupees in '000)\par\
pard\li2131\sb0\sl-218\slmult0\par\pard\li2131\sb26\sl-218\slmult0\fi0\tx8851\tx
10248 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 For Pakistan - fo
r the year - current\tab \up0 \expndtw-8\charscalex94 11,011,992\tab \up0 \expnd
tw-8\charscalex94 9,256,457\par\pard\li2131\sb9\sl-218\slmult0\fi2020\tx8904\tx1
0396 \up0 \expndtw-8\charscalex96 - deferred\tab \up0 \expndtw-8\charscalex96 (4
51,568)\tab \up0 \expndtw-8\charscalex96 991,585\par\pard\li2131\sb0\sl-218\slmu
lt0\par\pard\li2131\sb40\sl-218\slmult0\fi0\tx9009\tx10267 \up0 \expndtw-8\chars
calex96 For Pakistan - prior year - current\tab \up0 \expndtw-8\charscalex96 422
,246\tab \up0 \expndtw-8\charscalex96 (412,996)\par\pard\li2131\sb4\sl-218\slmul
t0\fi1852\tx9057\tx10391 \up0 \expndtw-8\charscalex95 - deferred\tab \up0 \expnd
tw-8\charscalex95 -\tab \up0 \expndtw-8\charscalex95 589,128\par\pard\li2131\sb0
\sl-218\slmult0\par\pard\li2131\sb45\sl-218\slmult0\fi0\tx8899\tx10406 \up0 \exp
ndtw-8\charscalex95 For Overseas - for the year - current\tab \up0 \expndtw-8\ch
arscalex95 1,079,236\tab \up0 \expndtw-8\charscalex95 865,571\par\pard\li2131\sb
9\sl-218\slmult0\fi2078\tx9057\tx10377 \up0 \expndtw-8\charscalex95 - deferred\t
ab \up0 \expndtw-8\charscalex95 -\tab \up0 \expndtw-8\charscalex95 -\par\pard\li
2131\sb0\sl-218\slmult0\par\pard\li2131\sb40\sl-218\slmult0\fi0\tx9057\tx10377 \
up0 \expndtw-8\charscalex95 For Overseas - prior year - current\tab \up0 \expndt
w-8\charscalex95 -\tab \up0 \expndtw-8\charscalex95 -\par\pard\li4065\sb8\sl-218
\slmult0\fi0\tx9057\tx10377 \up0 \expndtw-8\charscalex96 - deferred\tab \up0 \ex
pndtw-8\charscalex96 -\tab \up0 \expndtw-8\charscalex96 -\par\pard\li2131\sb0\sl
-218\slmult0\par\pard\li2131\sb40\sl-218\slmult0\fi6672\tx10180 \up0 \expndtw-8\
charscalex94 12,061,906\tab \up0 \expndtw-8\charscalex94 11,289,745\par\pard\li2
131\sb0\sl-218\slmult0\par\pard\li2131\sb45\sl-218\slmult0\fi0 \up0 \expndtw-7\c
harscalex95 For the purpose of taxation overseas include the Bank's branches in
Azad Jammu & Kashmir region.\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\
sb0\sl-218\slmult0\par\pard\li1670\sb48\sl-218\slmult0\fi7248\tx10252 \up0 \expn
dtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 2012\tab \up0 \expndtw-8\charscal
ex94 2011\par\pard\li1670\sb9\sl-218\slmult0\fi7459 \up0 \expndtw-8\charscalex94

(Rupees in '000)\par\pard\li1670\sb4\sl-218\slmult0\fi0\tx2131 \up0 \expndtw-8\
charscalex94 29.1\tab \up0 \expndtw-8\charscalex94 Relationship between tax expe
nse and accounting profit\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb1
6\sl-218\slmult0\fi460\tx8807\tx10180 \up0 \expndtw-8\charscalex94 \ul0\nosupers
ub\cf2\f3\fs19 Accounting profit for the current year\tab \up0 \expndtw-8\charsc
alex94 33,626,071\tab \up0 \expndtw-8\charscalex94 32,031,561\par\pard\li1670\sb
0\sl-218\slmult0\par\pard\li1670\sb35\sl-218\slmult0\fi460\tx8860\tx10219 \up0 \
expndtw-8\charscalex94 Tax on income @ 35% (2011: 35%)\tab \up0 \expndtw-8\chars
calex94 11,769,125\tab \up0 \expndtw-8\charscalex94 11,211,046\par\pard\li1670\s
b0\sl-218\slmult0\par\pard\li1670\sb17\sl-218\slmult0\fi460\tx8923\tx10363 \up0
\expndtw-8\charscalex94 - Reduced rate income\tab \up0 \expndtw-8\charscalex94 (
135,865)\tab \up0 \expndtw-8\charscalex94 464,540\par\pard\li1670\sb8\sl-218\slm
ult0\fi460\tx9206\tx10526 \up0 \expndtw-8\charscalex94 - Penalty imposed by SBP\
tab \up0 \expndtw-8\charscalex94 6,400\tab \up0 \expndtw-8\charscalex94 27,155\p
ar\pard\li1670\sb4\sl-218\slmult0\fi460\tx9024\tx10276 \up0 \expndtw-8\charscale
x94 - Prior year charge\tab \up0 \expndtw-8\charscalex94 422,246\tab \up0 \expnd
tw-8\charscalex94 (412,996)\par\pard\li1670\sb18\sl-218\slmult0\fi460\tx8817\tx1
0190 \up0 \expndtw-8\charscalex94 Tax charge for the current year\tab \up0 \expn
dtw-8\charscalex94 12,061,906\tab \up0 \expndtw-8\charscalex94 11,289,745\par\pa
rd\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\
sb48\sl-218\slmult0\fi0\tx2131 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\
f2\fs19 30.\tab \up0 \expndtw-8\charscalex95 BASIC AND DILUTED EARNINGS PER SHAR
E\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb16\sl-218\slmult0\fi460\t
x8793\tx10185 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 Profit fo
r the year attributable to equity holders of the Bank\tab \up0 \expndtw-8\charsc
alex95 20,851,454\tab \up0 \expndtw-8\charscalex95 20,741,816\par\pard\li2131\sb
0\sl-218\slmult0\par\pard\li2131\sb40\sl-218\slmult0\fi7267 \up0 \expndtw-8\char
scalex95 \ul0\nosupersub\cf1\f2\fs19 (Number)\par\pard\li2131\sb0\sl-218\slmult0
\par\pard\li2131\sb17\sl-218\slmult0\fi0\tx8587\tx9945 \up0 \expndtw-8\charscale
x95 \ul0\nosupersub\cf2\f3\fs19 Weighted average number of ordinary shares\tab \
up0 \expndtw-8\charscalex95 1,212,274,800\tab \up0 \expndtw-8\charscalex95 1,212
,274,800\par\pard\li2131\sb0\sl-218\slmult0\par\pard\li2131\sb40\sl-218\slmult0\
fi7305 \up0 \expndtw-8\charscalex91 \ul0\nosupersub\cf1\f2\fs19 (Rupees)\par\par
d\li2131\sb0\sl-218\slmult0\par\pard\li2131\sb11\sl-218\slmult0\fi0\tx9259\tx106
60 \up0 \expndtw-8\charscalex91 \ul0\nosupersub\cf2\f3\fs19 Basic and diluted ea
rnings per share\tab \up0 \expndtw-8\charscalex91 17.20\tab \up0 \expndtw-8\char
scalex91 17.11
}
}}
}

}}
}
}}
}
}}
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}

}}
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}

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}}
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}

}}
}
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}
}}
}
}}
}

}}
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}}
}
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}}
}

}}
}
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}

}}
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}

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}

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}

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}

}}
}
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}
}}
}

}}
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}

}}
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}
}}
}

8\slmult0\par\pard\li1670\sb18\sl-218\slmult0\fi7248\tx10252 \up0 \expndtw-8\cha
rscalex95 \ul0\nosupersub\cf1\f2\fs19 2012\tab \up0 \expndtw-8\charscalex95 2011
\par\pard\li1670\sb8\sl-218\slmult0\fi0\tx2131\tx9129 \up0 \expndtw-8\charscalex
95 31.\tab \up0 \expndtw-8\charscalex95 CASH AND CASH EQUIVALENTS\tab \up0 \expn
dtw-8\charscalex95 (Rupees in '000)\par\pard\li1670\sb206\sl-218\slmult0\fi460\t
x8135\tx8707\tx10046 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 Ca
sh and balance with treasury banks\tab \up0 \expndtw-8\charscalex95 5\tab \up0 \
par\pard\li1670\sb8\sl-218\slmult0\fi460\tx8131\tx8793\tx10123 \up0 \expndtw-8\c
harscalex95 Balance with other banks\tab \up0 \expndtw-8\charscalex95 6\tab \up0
176,229,677\tab \up0 \expndtw-8\charscalex94 138,065,885\par\pard\li1670\sb0\sl218\slmult0\par\pard\li1670\sb40\sl-218\slmult0\fi0\tx9369 \up0 \expndtw-8\chars
calex94 \ul0\nosupersub\cf1\f2\fs19 32. STAFF STRENGTH\tab \up0 \expndtw-8\cha
rscalex94 (Number)\par\pard\li1670\sb186\sl-218\slmult0\fi460\tx9158\tx10511 \up
0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 Permanent\tab \up0 \expndt
w-8\charscalex94 13,799\tab \up0 \expndtw-8\charscalex94 13,476\par\pard\li1670\
sb9\sl-218\slmult0\fi460\tx9489\tx10852 \up0 \expndtw-8\charscalex94 Others\tab
\up0 \expndtw-8\charscalex94 18\tab \up0 \expndtw-8\charscalex94 19\par\pard\li1
670\sb13\sl-218\slmult0\fi460\tx9124\tx10430 \up0 \expndtw-8\charscalex94 Total
staff strength\tab \up0 \expndtw-8\charscalex94 13,817\tab \up0 \expndtw-8\chars
calex94 13,495\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb45\sl-218\sl
mult0\fi0\tx2160 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 33.\ta
b \up0 \expndtw-8\charscalex94 DEFINED BENEFIT PLANS AND OTHER BENEFITS\par\pard
\ql \li1670\sb166\sl-218\slmult0 \up0 \expndtw-8\charscalex95 33.1 Principal ac
tuarial assumptions \par\pard\qj \li2160\sb0\sl-220\slmult0 \par\pard\qj\li2160\
ri1019\sb21\sl-220\slmult0 \up0 \expndtw-7\charscalex98 \ul0\nosupersub\cf2\f3\f
s19 The latest actuarial valuation for pension and gratuity schemes was carried
out as at December 31, 2012 using the \up0 \expndtw-3\charscalex100 Projected Un
it Credit Actuarial Cost method and assuming that no indexation of pension will
take place. The \up0 \expndtw-7\charscalex97 following significant assumptions w
ere used for the valuation of these schemes: \par\pard\li1670\sb0\sl-218\slmult0
\ul0\nosupersub\cf1\f2\fs19 2012\tab \up0 \expndtw-8\charscalex96 2011\par\pard
\li1670\sb9\sl-218\slmult0\fi7012 \up0 \expndtw-8\charscalex96 ---------Per annu
m---------\par\pard\li1670\sb162\sl-218\slmult0\fi489\tx8918\tx10214 \up0 \expnd
tw-8\charscalex96 \ul0\nosupersub\cf2\f3\fs19 Valuation discount rate\tab \up0 \
expndtw-8\charscalex96 12%\tab \up0 \expndtw-8\charscalex96 13%\par\pard\li1670\
sb8\sl-218\slmult0\fi489\tx8927\tx10224 \up0 \expndtw-8\charscalex96 Expected ra
te of increase in salary level\tab \up0 \expndtw-8\charscalex96 11%\tab \up0 \ex
pndtw-8\charscalex96 11%\par\pard\li1670\sb9\sl-218\slmult0\fi489\tx8918\tx10214
\up0 \expndtw-8\charscalex96 Expected rate of return on funds invested\tab \up0
\expndtw-8\charscalex96 12%\tab \up0 \expndtw-8\charscalex96 13%\par\pard\li167
0\sb0\sl-218\slmult0\par\pard\li1670\sb11\sl-218\slmult0\fi0\tx2284 \up0 \expndt
w-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 33.2\tab \up0 \expndtw-8\charscalex
96 Pension, gratuity and benevolent fund schemes\par\pard\qj \li1670\sb0\sl-220\
slmult0 \par\pard\qj\li1670\ri700\sb6\sl-220\slmult0\tx2284 \up0 \expndtw-7\char
scalex96 33.2.1 \ul0\nosupersub\cf2\f3\fs19 Fair value of plan assets and prese
nt value of defined benefits obligations of these schemes as at December 31, 201
2 \line\tab \up0 \expndtw-8\charscalex96 are as follows:\par\pard\sect\sectd\sbk
none\cols2\colno1\colw9540\colsr160\colno2\colw2400\colsr160\ql \li4795\sb111\sl
-195\slmult0\tx6465\tx8082 \up0 \expndtw-7\charscalex89 \ul0\nosupersub\cf3\f4\f
s17 Pension\tab \up0 \expndtw-6\charscalex100 Gratuity\tab \up0 \expndtw-7\chars
calex93 Benevolent\par\pard\ql \li4502\sb123\sl-195\slmult0\tx5366\tx6239\tx7027
\tx7871\tx8783 \up0 \expndtw-7\charscalex97 2012\tab \up0 \expndtw-7\charscalex9
4 2011\tab \up0 \expndtw-7\charscalex97 2012\tab \up0 \expndtw-7\charscalex94 20
11\tab \up0 \expndtw-7\charscalex100 2012\tab \up0 \expndtw-7\charscalex92 2011\

par\pard\column \ql \li25\sb15\sl-195\slmult0 \up0 \expndtw-7\charscalex95 Postemployment\par\pard\qj \li20\ri1064\sb0\sl-211\slmult0\fi33\tx958 \up0 \expndtw7\charscalex94 medical benefits \line \up0 \expndtw-7\charscalex97 2012 \tab \up
0 \expndtw-7\charscalex94 2011 \par\pard\sect\sectd\sbknone \li1670\sb1\sl-190\s
lmult0\fi2635 \up0 \expndtw0\charscalex107 ---------------------------------------------- (Rupees in '000) ---------------------------------------\par\pard\sec
t\sectd\sbknone\cols3\colno1\colw4188\colsr160\colno2\colw2509\colsr60\colno3\co
lw5193\colsr160\ql \li1670\sb0\sl-184\slmult0 \par\pard\ql \li1670\sb39\sl-184\s
lmult0 \up0 \expndtw-7\charscalex94 \ul0\nosupersub\cf17\f18\fs16 Fair value of
plan assets\par\pard\qj \li1670\ri412\sb0\sl-191\slmult0\tx1771 \up0 \expndtw-7\
charscalex100 Present value of defined benefit \line\tab \up0 \expndtw-3\charsca
lex100 obligation\par\pard\ql \li1670\sb16\sl-184\slmult0 \up0 \expndtw-5\charsc
alex100 (Deficit) / surplus\par\pard\ql \li1670\ri152\sb5\sl-194\slmult0\tx1771
\up0 \expndtw-7\charscalex95 Unrecognized past service cost \line \up0 \expndtw
-7\charscalex97 Asset / (provision) recognized in the \line\tab \up0 \expndtw-7\
charscalex95 balance sheet\par\pard\column \ql \li4348\sb0\sl-184\slmult0 \par\p
ard\ql \li102\sb39\sl-184\slmult0\tx952\tx1921 \up0 \expndtw-7\charscalex100 5,0
x100 204,657\par\pard\ql \li4348\sb0\sl-184\slmult0 \par\pard\ql \li20\sb11\sl-1
84\slmult0\tx861\tx1821 \up0 \expndtw-7\charscalex95 (6,132,451) \tab \up0 \expn
dtw-7\charscalex96 (3,951,706)\tab \up0 \expndtw-6\charscalex100 (302,753)\par\p
ard\ql \li20\sb18\sl-184\slmult0\tx1134\tx1883 \up0 \expndtw-7\charscalex95 (1,1
02,323)\tab \up0 \expndtw-3\charscalex100 63,080\tab \up0 \expndtw-4\charscalex1
00 (98,096)\par\pard\ql \li236\sb13\sl-184\slmult0\tx1168\tx2118 \up0 \expndtw-7
\charscalex94 110,969\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-7\ch
arscalex96 (150)\par\pard\ql \li121\sb114\sl-184\slmult0\tx1134\tx1888 \up0 \exp
ndtw-7\charscalex100 (991,354)\tab \up0 \expndtw-3\charscalex100 63,080\tab \up0
\expndtw-4\charscalex100 (98,246)\par\pard\column \ql \li6907\sb0\sl-184\slmult
0 \par\pard\ql \li121\sb39\sl-184\slmult0\tx898\tx1825\tx2943\tx3879 \up0 \expnd
tw-5\charscalex100 329,342\tab \up0 \expndtw-7\charscalex96 1,587,950\tab \up0 \
expndtw-6\charscalex100 1,478,094\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \
expndtw-2\charscalex100 -\par\pard\ql \li6907\sb0\sl-184\slmult0 \par\pard\ql \l
i20\sb11\sl-184\slmult0\tx826\tx1714\tx2622\tx3596 \up0 \expndtw-6\charscalex100
(374,205)\tab \up0 \expndtw-7\charscalex93 (1,175,073)\tab \up0 \expndtw-6\char
scalex100 (1,469,644) \tab \up0 \expndtw-6\charscalex100 (2,182,363)\tab \up0 \e
xpndtw-7\charscalex100 (2,455,614)\par\pard\ql \li87\sb18\sl-184\slmult0\tx1033\
tx2098\tx2622\tx3596 \up0 \expndtw-3\charscalex100 (44,863)\tab \up0 \expndtw-7\
charscalex94 412,877\tab \up0 \expndtw-3\charscalex100 8,450\tab \up0 \expndtw-6
\charscalex100 (2,182,363)\tab \up0 \expndtw-7\charscalex100 (2,455,614)\par\par
d\ql \li265\sb13\sl-184\slmult0\tx990\tx2022\tx2847\tx3898 \up0 \expndtw-2\chars
calex100 -\tab \up0 \expndtw-6\charscalex100 (51,044)\tab \up0 \expndtw-5\charsc
alex100 87,294\tab \up0 \expndtw-7\charscalex94 (53,311)\tab \up0 \expndtw-7\cha
rscalex100 56,014\par\pard\ql \li87\sb114\sl-184\slmult0\tx1009\tx2022\tx2622\tx
3567 \up0 \expndtw-3\charscalex100 (44,863)\tab \up0 \expndtw-6\charscalex100 36
1,833\tab \up0 \expndtw-5\charscalex100 95,744 \tab \up0 \expndtw-6\charscalex10
0 (2,235,674)\tab \up0 \expndtw-5\charscalex100 (2,399,600) \par\pard\sect\sectd
\sbknone \qj \li1670\sb0\sl-220\slmult0 \par\pard\qj\li1670\ri708\sb44\sl-220\sl
mult0\tx2356 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf1\f2\fs19 33.2.1.1
\ul0\nosupersub\cf2\f3\fs19 The surplus on benevolent fund has not been accounte
d for as this is a contributory scheme with contribution both \line\tab \up0 \ex
pndtw-8\charscalex100 from the employees and the Bank. \par\pard\qj \li1670\sb0\
sl-220\slmult0 \par\pard\qj\li1670\ri711\sb20\sl-220\slmult0\tx2356 \up0 \expndt
w-3\charscalex100 \ul0\nosupersub\cf1\f2\fs19 33.2.2 \ul0\nosupersub\cf2\f3\fs19
The following amounts have been charged / (credited) to the profit and loss a
ccount in respect of the above-\line\tab \up0 \expndtw-8\charscalex92 referred s
chemes:\par\pard\sect\sectd\sbknone\cols2\colno1\colw9536\colsr160\colno2\colw24
04\colsr160\ql \li4819\sb0\sl-184\slmult0 \par\pard\ql \li4819\sb150\sl-184\slmu
lt0\tx6489\tx8102 \up0 \expndtw-7\charscalex90 \ul0\nosupersub\cf18\f19\fs16 Pen
sion\tab \up0 \expndtw-5\charscalex100 Gratuity\tab \up0 \expndtw-7\charscalex95
Benevolent\par\pard\ql \li4516\sb118\sl-184\slmult0\tx5385\tx6259\tx7046\tx7886
\tx8788 \up0 \expndtw-7\charscalex100 2012\tab \up0 \expndtw-7\charscalex94 2011
\tab \up0 \expndtw-7\charscalex100 2012\tab \up0 \expndtw-7\charscalex94 2011\ta
b \up0 \expndtw-6\charscalex100 2012\tab \up0 \expndtw-7\charscalex94 2011\par\p
ard\column \ql \li9720\sb0\sl-184\slmult0 \par\pard\ql \li44\sb54\sl-184\slmult0
\up0 \expndtw-7\charscalex100 Post-employment\par\pard\qj \li20\ri1102\sb0\sl-2
06\slmult0\fi57\tx953 \up0 \expndtw-7\charscalex96 medical benefits \line \up0 \
expndtw-6\charscalex100 2012 \tab \up0 \expndtw-7\charscalex93 2011 \par\pard\se
ct\sectd\sbknone \li4291\sb1\sl-176\slmult0\fi0 \up0 \expndtw0\charscalex106 \ul
0\nosupersub\cf3\f4\fs17 ----------------------------------------------- (Rupees
in '000) --------------------------- ------------\par\pard\li1670\sb0\sl-184\sl
mult0\par\pard\li1670\sb23\sl-184\slmult0\fi0\tx4632\tx5462\tx6388\tx7104\tx7996
\tx8918\tx9806\tx10751 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf17\f18\fs
16 Current service cost\tab \up0 \expndtw-7\charscalex100 35,236\tab \up0 \expnd
tw-7\charscalex100 40,660\tab \up0 \expndtw-7\charscalex100 11,315\tab \up0 \exp
\expndtw-7\charscalex100 21,460\par\pard\li1670\sb8\sl-184\slmult0\fi0\tx4588\tx
5404\tx6350\tx7084\tx7886\tx8822\tx9691\tx10689 \up0 \expndtw-7\charscalex100 Ma
rk-up cost\tab \up0 \expndtw-7\charscalex100 572,317\tab \up0 \expndtw-7\charsca
lex100 472,479\tab \up0 \expndtw-7\charscalex100 40,197\tab \up0 \expndtw-7\char
scalex100 44,436\tab \up0 \expndtw-7\charscalex100 160,808\tab \up0 \expndtw-7\c
harscalex100 176,042\tab \up0 \expndtw-7\charscalex100 303,459\tab \up0 \expndtw
-7\charscalex100 281,158\par\pard\li1670\sb3\sl-184\slmult0\fi0\tx4440\tx5294\tx
6225\tx7012\tx7843\tx8716\tx9811\tx10737 \up0 \expndtw-7\charscalex100 Expected
return on plan assets\tab \up0 \expndtw-7\charscalex100 (566,390)\tab \up0 \expn
dtw-7\charscalex100 (456,547)\tab \up0 \expndtw-7\charscalex100 (34,365)\tab \up
0 \expndtw-7\charscalex100 (38,153)\tab \up0 \expndtw-7\charscalex100 (191,317)\
tab \up0 \expndtw-7\charscalex100 (166,562)\tab \up0 \expndtw-7\charscalex100 -\
tab \up0 \expndtw-7\charscalex100 -\par\pard\li1670\sb13\sl-184\slmult0\fi0\tx45
40\tx5294\tx6345\tx6998\tx7982\tx8750\tx9724\tx10775 \up0 \expndtw-7\charscalex1
00 Actuarial loss / (gain) recognized\tab \up0 \expndtw-7\charscalex100 906,897\
tab \up0 \expndtw-7\charscalex100 (242,228)\tab \up0 \expndtw-7\charscalex100 41
,687\tab \up0 \expndtw-7\charscalex100 (20,730)\tab \up0 \expndtw-7\charscalex10
0 59,010\tab \up0 \expndtw-7\charscalex100 (112,051)\tab \up0 \expndtw-7\charsca
lex100 173,538\tab \up0 \expndtw-7\charscalex100 71,705\par\pard\li1670\sb3\sl-1
84\slmult0\fi0\tx4526\tx5500\tx6335\tx7161\tx7795\tx8889\tx9580\tx10747 \up0 \ex
pndtw-7\charscalex100 Past service cost\tab \up0 \expndtw-7\charscalex100 (93,62
6)\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 (5,451)
\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 (237,790)
\tab \up0 \expndtw-7\charscalex100 26,459\tab \up0 \expndtw-7\charscalex100 (426
,049)\tab \up0 \expndtw-7\charscalex100 25,953\par\pard\li1670\sb8\sl-184\slmult
0\fi0\tx4632\tx5500\tx6379\tx7161\tx7872\tx8904\tx9811\tx10737 \up0 \expndtw-7\c
harscalex100 Contributions - employees\tab \up0 \expndtw-7\charscalex100 -\tab \
ndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 (38,164)\tab \up0 \expn
dtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\ch
arscalex100 -\par\pard\li1670\sb18\sl-184\slmult0\fi0\tx4536\tx5304\tx6331\tx707
5\tx7795\tx8822\tx9792\tx10651 \up0 \expndtw-7\charscalex100 Charge / (reversal)
for the year\tab \up0 \expndtw-7\charscalex100 854,434\tab \up0 \expndtw-7\cha
rscalex100 (185,636)\tab \up0 \expndtw-7\charscalex100 53,383\tab \up0 \expndtw7\charscalex100 (3,463)\tab \up0 \expndtw-7\charscalex100 (227,924)\tab \up0 \ex
pndtw-7\charscalex100 (57,197)\tab \up0 \expndtw-7\charscalex100 78,704\tab \up0
\expndtw-7\charscalex100 400,276\par\pard\qj \li2160\sb0\sl-220\slmult0 \par\pa
rd\qj\li2160\ri719\sb43\sl-220\slmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupe
rsub\cf2\f3\fs19 Charge for the year is included in administrative expenses (not
e 26 to the financial statements) under 'Charge for \line \up0 \expndtw-5\charsc
alex100 defined benefit plans and other benefits' account head. A sensitivity an
alysis to estimate the impact of increase in \line \up0 \expndtw-5\charscalex100
medical costs has not been carried out and is not likely to have a material imp
act on Bank's financial statements.

}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
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}}
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}}
}
}}
}
}}
}
}}
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}}
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}}
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}}
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}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
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}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
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}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
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}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
\sl-218\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf1\f2\fs19 33.2.3
Movement in amounts (receivable from) / payable to defined benefit plans\par\p
ard\sect\sectd\sbknone\cols2\colno1\colw9536\colsr160\colno2\colw2404\colsr160\q
l \li4848\sb0\sl-184\slmult0 \par\pard\ql \li4848\sb165\sl-184\slmult0\tx6479\tx
8097 \up0 \expndtw-7\charscalex90 \ul0\nosupersub\cf18\f19\fs16 Pension\tab \up0
\expndtw-5\charscalex100 Gratuity\tab \up0 \expndtw-7\charscalex95 Benevolent\p
ar\pard\ql \li4579\sb118\sl-184\slmult0\tx5395\tx6244\tx7036\tx7881\tx8788 \up0
\expndtw-6\charscalex100 2012\tab \up0 \expndtw-7\charscalex94 2011\tab \up0 \ex
pndtw-7\charscalex100 2012\tab \up0 \expndtw-7\charscalex94 2011\tab \up0 \expnd
tw-6\charscalex100 2012\tab \up0 \expndtw-7\charscalex94 2011\par\pard\column \q
l \li9705\sb0\sl-184\slmult0 \par\pard\ql \li29\sb69\sl-184\slmult0 \up0 \expndt
w-7\charscalex100 Post-employment\par\pard\qj \li20\ri1121\sb0\sl-206\slmult0\fi
38\tx934 \up0 \expndtw-7\charscalex96 medical benefits \line \up0 \expndtw-6\cha
rscalex100 2012 \tab \up0 \expndtw-7\charscalex93 2011 \par\pard\sect\sectd\sbkn
one \li4387\sb1\sl-170\slmult0\fi0 \up0 \expndtw0\charscalex107 \ul0\nosupersub\
cf3\f4\fs17 --------------------------------------------- (Rupees in '000) --------------------------------------\par\pard\sect\sectd\sbknone\cols2\colno1\colw
9411\colsr160\colno2\colw2529\colsr160\ql \li1670\sb0\sl-184\slmult0 \par\pard\q
l \li1670\sb29\sl-184\slmult0\tx4555\tx5399\tx6302\tx7079\tx7857\tx8807 \up0 \ex
pndtw-7\charscalex95 \ul0\nosupersub\cf17\f18\fs16 Opening balance\tab \up0 \exp
ndtw-3\charscalex100 (63,080)\tab \up0 \expndtw-7\charscalex94 122,556\tab \up0
0 \expndtw-5\charscalex100 (95,744)\tab \up0 \expndtw-7\charscalex95 (14,273)\pa
r\pard\ql \li1670\sb8\sl-184\slmult0\tx4574\tx5284\tx6316\tx7060\tx7785\tx8822 \
up0 \expndtw-6\charscalex100 Charge / (credit) for the year\tab \up0 \expndtw-3\
charscalex100 854,434 \tab \up0 \expndtw-6\charscalex100 (185,636)\tab \up0 \exp
ndtw-5\charscalex100 53,383\tab \up0 \expndtw-5\charscalex100 (3,463)\tab \up0 \
expndtw-6\charscalex100 (227,924)\tab \up0 \expndtw-7\charscalex93 (57,197)\par\
pard\ql \li1670\sb8\sl-184\slmult0\tx4377\tx5510\tx6359\tx7862\tx8788 \up0 \expn
dtw-6\charscalex100 Contributions during the year\tab \up0 \expndtw-7\charscalex
100 (1,100,000)\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscal
ex100 -\tab \up0 \expndtw-6\charscalex100 (38,164)\tab \up0 \expndtw-6\charscale
x100 (24,274)\par\pard\ql \li1670\sb3\sl-184\slmult0\tx4458\tx5510\tx6359\tx7147
\tx7996\tx8899 \up0 \expndtw-7\charscalex96 Benefits payable\tab \up0 \expndtw-5
\charscalex100 1,300,000\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2
\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charsca
lex100 -\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql \li1670\sb23\sl-184\slm
ult0\tx4603\tx5342\tx6311\tx7070\tx7785\tx8783 \up0 \expndtw-7\charscalex94 Clos
ing balance\tab \up0 \expndtw-7\charscalex100 991,354\tab \up0 \expndtw-3\charsc
alex100 (63,080)\tab \up0 \expndtw-4\charscalex100 98,246\tab \up0 \expndtw-3\ch
arscalex100 44,863\tab \up0 \expndtw-6\charscalex100 (361,832)\tab \up0 \expndtw
-6\charscalex100 (95,744)\par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \l
i1670\sb45\sl-218\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf1\f2\fs
19 33.2.4 \ul0\nosupersub\cf2\f3\fs19 The significant portion of the assets co
mprises of debt securities.\par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql
\li1670\sb0\sl-218\slmult0 \par\pard\ql \li1670\sb53\sl-218\slmult0 \up0 \expndt

w-8\charscalex97 \ul0\nosupersub\cf1\f2\fs19 33.2.5 Movement of present value
of defined benefit obligation\par\pard\ql \li4809\sb0\sl-184\slmult0 \par\pard\q
l \li4809\sb145\sl-184\slmult0\tx6479\tx8097 \up0 \expndtw-7\charscalex90 \ul0\n
osupersub\cf18\f19\fs16 Pension\tab \up0 \expndtw-5\charscalex100 Gratuity\tab \
up0 \expndtw-7\charscalex95 Benevolent\par\pard\ql \li4507\sb118\sl-184\slmult0\
tx5366\tx6244\tx7036\tx7881\tx8788 \up0 \expndtw-6\charscalex100 2012\tab \up0 \
expndtw-7\charscalex94 2011\tab \up0 \expndtw-7\charscalex100 2012\tab \up0 \exp
ndtw-7\charscalex94 2011\tab \up0 \expndtw-6\charscalex100 2012\tab \up0 \expndt
w-7\charscalex94 2011\par\pard\column \ql \li9571\sb0\sl-184\slmult0 \par\pard\q
l \li20\sb29\sl-184\slmult0\tx970 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\
cf17\f18\fs16 2,399,600\tab \up0 \expndtw-7\charscalex97 2,162,309\par\pard\ql \
li241\sb8\sl-184\slmult0\tx1071 \up0 \expndtw-6\charscalex100 78,704\tab \up0 \e
xpndtw-5\charscalex100 400,276\par\pard\ql \li260\sb8\sl-184\slmult0\tx1172 \up0
\expndtw-2\charscalex100 -\tab \up0 \expndtw-2\charscalex100 -\par\pard\ql \li3
9\sb3\sl-184\slmult0\tx989 \up0 \expndtw-4\charscalex100 (242,630)\tab \up0 \exp
ndtw-7\charscalex100 (162,985)\par\pard\ql \li39\sb23\sl-184\slmult0\tx942 \up0
\expndtw-6\charscalex100 2,235,674\tab \up0 \expndtw-4\charscalex100 2,399,600\p
ar\pard\qj \li9681\sb0\sl-199\slmult0 \par\pard\qj \li9681\sb0\sl-199\slmult0 \p
ar\pard\qj \li9681\sb0\sl-199\slmult0 \par\pard\qj \li130\ri1122\sb14\sl-199\slm
ult0\tx193\tx1059 \up0 \expndtw-6\charscalex100 \ul0\nosupersub\cf18\f19\fs16 Po
st-employment \line\tab \up0 \expndtw-7\charscalex96 medical benefits \line \up0
\expndtw-6\charscalex100 2012 \tab \up0 \expndtw-7\charscalex93 2011 \par\pard\
sect\sectd\sbknone \li4795\sb1\sl-190\slmult0\fi0 \up0 \expndtw0\charscalex106 \
ul0\nosupersub\cf3\f4\fs17 --------------------------------------- (Rupees in '0
00) -------------------------------\par\pard\li2356\sb0\sl-184\slmult0\par\pard\
li2356\sb20\sl-184\slmult0\fi0\tx4324\tx5155\tx6139\tx6897\tx7655\tx8592\tx9494\
tx10391 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf17\f18\fs16 Opening balan
ce\tab \up0 \expndtw-7\charscalex95 (3,951,706)\tab \up0 \expndtw-7\charscalex97
(3,752,486)\tab \up0 \expndtw-7\charscalex97 (374,205)\tab \up0 \expndtw-7\char
scalex97 (363,236)\tab \up0 \expndtw-7\charscalex97 (1,469,644)\tab \up0 \expndt
w-7\charscalex97 (1,405,002)\tab \up0 \expndtw-7\charscalex97 (2,455,614)\tab \u
p0 \expndtw-7\charscalex97 (2,244,246)\par\pard\li2356\sb8\sl-184\slmult0\fi0\tx
4512\tx5342\tx6273\tx6993\tx7886\tx8822\tx9705\tx10612 \up0 \expndtw-7\charscale
x97 Current service cost\tab \up0 \expndtw-7\charscalex97 (35,236)\tab \up0 \exp
ndtw-7\charscalex97 (40,660)\tab \up0 \expndtw-7\charscalex97 (11,315)\tab \up0
\expndtw-7\charscalex97 (10,984)\tab \up0 \expndtw-7\charscalex97 (19,529)\tab \
up0 \expndtw-7\charscalex97 (18,915)\tab \up0 \expndtw-7\charscalex97 (27,756)\t
ab \up0 \expndtw-7\charscalex97 (21,460)\par\pard\li2356\sb8\sl-184\slmult0\fi0\
lex97 Mark-up cost\tab \up0 \expndtw-7\charscalex97 (572,317)\tab \up0 \expndtw7\charscalex97 (472,479)\tab \up0 \expndtw-7\charscalex97 (40,197)\tab \up0 \exp
ndtw-7\charscalex97 (44,436)\tab \up0 \expndtw-7\charscalex97 (160,808)\tab \up0
\expndtw-7\charscalex97 (176,042)\tab \up0 \expndtw-7\charscalex97 (303,459)\ta
b \up0 \expndtw-7\charscalex97 (281,158)\par\pard\li2356\sb8\sl-184\slmult0\fi0\
lex97 Benefits paid\tab \up0 \expndtw-7\charscalex97 415,881\tab \up0 \expndtw-7
\charscalex97 236,064\tab \up0 \expndtw-7\charscalex97 129,999\tab \up0 \expndtw
-7\charscalex97 42,843\tab \up0 \expndtw-7\charscalex97 89,182\tab \up0 \expndtw
-7\charscalex97 101,666\tab \up0 \expndtw-7\charscalex97 242,630\tab \up0 \expnd
tw-7\charscalex97 162,985\par\pard\li2356\sb3\sl-184\slmult0\fi0\tx4343\tx5481\t
x6422\tx7152\tx7910\tx8904\tx9710\tx10718 \up0 \expndtw-7\charscalex97 Past Serv
ice Cost\tab \up0 \expndtw-7\charscalex97 (1,317,343)\tab \up0 \expndtw-7\charsc
alex97 -\tab \up0 \expndtw-7\charscalex97 5,601\tab \up0 \expndtw-7\charscalex97
-\tab \up0 \expndtw-7\charscalex97 376,129\tab \up0 \expndtw-7\charscalex97 -\t
ab \up0 \expndtw-7\charscalex97 535,374\tab \up0 \expndtw-7\charscalex97 -\par\p
ard\li2356\sb8\sl-184\slmult0\fi0\tx4454\tx5481\tx6240\tx7180\tx8064\tx8884\tx96
19\tx10636 \up0 \expndtw-7\charscalex97 Actuarial (loss) / gain\tab \up0 \expndt
w-7\charscalex97 (671,730)\tab \up0 \expndtw-7\charscalex97 77,855\tab \up0 \exp

ndtw-7\charscalex97 (12,636)\tab \up0 \expndtw-7\charscalex97 1,608\tab \up0 \ex
pndtw-7\charscalex97 9,597\tab \up0 \expndtw-7\charscalex97 28,649\tab \up0 \exp
ndtw-7\charscalex97 (173,538)\tab \up0 \expndtw-7\charscalex97 (71,735)\par\pard
\tx10411 \up0 \expndtw-7\charscalex97 Closing balance\tab \up0 \expndtw-7\charsc
alex95 (6,132,451)\tab \up0 \expndtw-7\charscalex97 (3,951,706)\tab \up0 \expndt
w-7\charscalex97 (302,753)\tab \up0 \expndtw-7\charscalex97 (374,205)\tab \up0 \
expndtw-7\charscalex97 (1,175,073)\tab \up0 \expndtw-7\charscalex97 (1,469,644)\
tab \up0 \expndtw-7\charscalex97 (2,182,363)\tab \up0 \expndtw-7\charscalex97 (2
,455,614)\par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb0\sl-218\
slmult0 \par\pard\ql\li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb51\sl-218\s
lmult0\tx2337 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf1\f2\fs19 33.2.6 \
tab \up0 \expndtw-8\charscalex94 Movement of fair value of plan assets \par\pard
\li2337\sb22\sl-184\slmult0\fi4161\tx8164\tx9844 \up0 \expndtw-6\charscalex100 \
ul0\nosupersub\cf18\f19\fs16 Pension\tab \up0 \expndtw-6\charscalex100 Gratuity\
tab \up0 \expndtw-6\charscalex100 Benevolent\par\pard\li2337\sb17\sl-184\slmult0
\fi3883\tx7007\tx7847\tx8736\tx9614\tx10516 \up0 \expndtw-6\charscalex100 2012\t
ab \up0 \expndtw-6\charscalex100 2011\tab \up0 \expndtw-6\charscalex100 2012\tab
\up0 \expndtw-6\charscalex100 2011\tab \up0 \expndtw-6\charscalex100 2012\tab \
up0 \expndtw-6\charscalex100 2011\par\pard\li2337\sb8\sl-184\slmult0\fi4012 \up0
\expndtw-5\charscalex100 - ----------- ------ ----(Rupees in ' 000) ----- ---------- --------------\par\pard\li2337\sb0\sl-184\slmult0\par\pard\li2337\sb16\s
l-184\slmult0\fi0\tx6095\tx6844\tx7847\tx8750\tx9508\tx10425 \up0 \expndtw-6\cha
rscalex100 \ul0\nosupersub\cf17\f18\fs16 Opening balance\tab \up0 \expndtw-7\cha
rscalex97 4,014,786\tab \up0 \expndtw-6\charscalex100 3,629,930\tab \up0 \expndt
w-6\charscalex100 329,342\tab \up0 \expndtw-6\charscalex100 314,910\tab \up0 \ex
pndtw-6\charscalex100 1,453,820\tab \up0 \expndtw-6\charscalex100 1,281,248\par\
pard\li2337\sb3\sl-184\slmult0\fi0\tx6201\tx6974\tx7924\tx8827\tx9676\tx10535 \u
p0 \expndtw-6\charscalex100 Return on plan assets\tab \up0 \expndtw-6\charscalex
100 566,390\tab \up0 \expndtw-6\charscalex100 456,547\tab \up0 \expndtw-6\charsc
alex100 34,365\tab \up0 \expndtw-6\charscalex100 38,153\tab \up0 \expndtw-6\char
scalex100 191,317\tab \up0 \expndtw-6\charscalex100 166,562\par\pard\li2337\sb8\
sl-184\slmult0\fi0\tx6100\tx7113\tx7967\tx8846\tx9710\tx10608 \up0 \expndtw-6\ch
arscalex100 Employer contribution\tab \up0 \expndtw-6\charscalex100 1,100,000\ta
b \up0 \expndtw-6\charscalex100 -\tab \up0 \expndtw-6\charscalex100 -\tab \up0 \
expndtw-6\charscalex100 -\tab \up0 \expndtw-6\charscalex100 38,164\tab \up0 \exp
\tx7967\tx8846\tx9633\tx10631 \up0 \expndtw-6\charscalex100 Employee contributio
ns\tab \up0 \expndtw-6\charscalex100 -\tab \up0 \expndtw-6\charscalex100 -\tab \
ndtw-6\charscalex100 227,924\tab \up0 \expndtw-6\charscalex100 -\par\pard\li2337
\sb3\sl-184\slmult0\fi0\tx6129\tx6859\tx7761\tx8697\tx9614\tx10440 \up0 \expndtw
-6\charscalex100 Benefits paid\tab \up0 \expndtw-7\charscalex97 (415,881)\tab \u
p0 \expndtw-6\charscalex100 (236,064)\tab \up0 \expndtw-6\charscalex100 (129,999
)\tab \up0 \expndtw-6\charscalex100 (42,843)\tab \up0 \expndtw-6\charscalex100 (
89,182)\tab \up0 \expndtw-6\charscalex100 (101,666)\par\pard\li2337\sb8\sl-184\s
lmult0\fi0\tx6134\tx6988\tx7847\tx8851\tx9595\tx10593 \up0 \expndtw-6\charscalex
100 Actuarial (loss) / gain on plan assets\tab \up0 \expndtw-6\charscalex100 (23
5,167)\tab \up0 \expndtw-6\charscalex100 164,373\tab \up0 \expndtw-6\charscalex1
00 (29,051)\tab \up0 \expndtw-6\charscalex100 19,122\tab \up0 \expndtw-6\charsca
lex100 (68,607)\tab \up0 \expndtw-6\charscalex100 83,402\par\pard\li2337\sb17\sl
-184\slmult0\fi0\tx6100\tx6859\tx7847\tx8726\tx9518\tx10406 \up0 \expndtw-6\char
scalex100 Closing balance\tab \up0 \expndtw-6\charscalex100 5,030,128\tab \up0 \
expndtw-6\charscalex100 4,014,786\tab \up0 \expndtw-6\charscalex100 204,657\tab
6\tab \up0 \expndtw-6\charscalex100 1,453,820\par\pard\ql \li1670\sb0\sl-218\slm
ult0 \par\pard\ql\li1670\sb50\sl-218\slmult0\tx2337 \up0 \expndtw-7\charscalex10
0 \ul0\nosupersub\cf1\f2\fs19 33.2.7 \tab \up0 \expndtw-8\charscalex93 Actual re
turn on plan assets \par\pard\li2337\sb13\sl-184\slmult0\fi4161\tx8164\tx9844 \u
p0 \expndtw-6\charscalex100 \ul0\nosupersub\cf18\f19\fs16 Pension\tab \up0 \expn

dtw-6\charscalex100 Gratuity\tab \up0 \expndtw-6\charscalex100 Benevolent\par\pa
rd\li2337\sb22\sl-184\slmult0\fi3883\tx7007\tx7847\tx8736\tx9614\tx10516 \up0 \e
xpndtw-6\charscalex100 2012\tab \up0 \expndtw-6\charscalex100 2011\tab \up0 \exp
ndtw-6\charscalex100 2012\tab \up0 \expndtw-6\charscalex100 2011\tab \up0 \expnd
tw-6\charscalex100 2012\tab \up0 \expndtw-6\charscalex100 2011\par\pard\li2337\s
b8\sl-184\slmult0\fi4012 \up0 \expndtw-5\charscalex100 - ----------- ------ ---(Rupees in ' 000) ----- ----- ------ --------------\par\pard\li2337\sb0\sl-184\s
lmult0\par\pard\li2337\sb16\sl-184\slmult0\fi0\tx6201\tx6974\tx7924\tx8827\tx967
6\tx10535 \up0 \expndtw-6\charscalex100 \ul0\nosupersub\cf17\f18\fs16 Expected r
eturn on plan assets\tab \up0 \expndtw-6\charscalex100 566,390\tab \up0 \expndtw
-6\charscalex100 456,547\tab \up0 \expndtw-6\charscalex100 34,365\tab \up0 \expn
dtw-6\charscalex100 38,153\tab \up0 \expndtw-6\charscalex100 191,317\tab \up0 \e
xpndtw-6\charscalex100 166,562\par\pard\li2337\sb3\sl-184\slmult0\fi0\tx6134\tx6
988\tx7847\tx8851\tx9595\tx10593 \up0 \expndtw-6\charscalex100 Actuarial (loss)
/ gain on plan assets\tab \up0 \expndtw-6\charscalex100 (235,167)\tab \up0 \expn
dtw-6\charscalex100 164,373\tab \up0 \expndtw-6\charscalex100 (29,051)\tab \up0
\expndtw-6\charscalex100 19,122\tab \up0 \expndtw-6\charscalex100 (68,607)\tab \
up0 \expndtw-6\charscalex100 83,402\par\pard\li2337\sb23\sl-184\slmult0\fi0\tx62
30\tx6964\tx8030\tx8836\tx9662\tx10507 \up0 \expndtw-6\charscalex100 Actual retu
rn on plan assets\tab \up0 \expndtw-6\charscalex100 331,223\tab \up0 \expndtw-6\
charscalex100 620,920\tab \up0 \expndtw-6\charscalex100 5,314\tab \up0 \expndtw6\charscalex100 57,275\tab \up0 \expndtw-6\charscalex100 122,710\tab \up0 \expnd
tw-6\charscalex100 249,964\par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\l
i1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb34\sl-218\slmult0\tx2337 \up0 \ex
pndtw-5\charscalex100 \ul0\nosupersub\cf1\f2\fs19 33.2.8 \tab \up0 \expndtw-8\ch
arscalex93 Other benefits - Employee compensated absences \par\pard\qj \li2337\s
b0\sl-220\slmult0 \par\pard\qj\li2337\ri871\sb21\sl-220\slmult0 \up0 \expndtw-7\
charscalex100 \ul0\nosupersub\cf2\f3\fs19 The liability of the Bank in respect o
f employee compensated absences as at December 31, 2012, amounted to \up0 \exp
ndtw-7\charscalex100 Rs. 1,355.387 million (2011: Rs. 1,720.577 million). Provis
ion for this balance is held by Bank. \par\pard\qj \li2337\ri873\sb212\sl-230\sl
mult0 \up0 \expndtw-5\charscalex100 The reversal for the year amounting to Rs.
295.982 million (2011 charge: Rs. 191.602 million) is included in \up0 \expndtw
-7\charscalex98 administrative expenses (note 26 to these financial statements)
under 'Charge for defined benefit plans and other \up0 \expndtw-8\charscalex98 b
enefits' account head.
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
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}}
}
}}
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}}
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}}
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}}
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}}
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}}
}
}}
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}}
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}}
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}}
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}}
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}}
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}}
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}}
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}}
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}}
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}}
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}}
}
}}
}
}}
}
}}
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}}
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}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
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}}
}
}}
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}}
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}}
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}}
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}}
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}}
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}}
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}}
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}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
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}}
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}}
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}}
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}}
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}}
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}}
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}}
}
}}
}
}}
}
}}
}
}}
}
\sl-218\slmult0 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 33.2.9
Components of plan assets as a percentage of total plan assets \par\pard\li2337
\sb0\sl-218\slmult0\par\pard\li2337\sb31\sl-218\slmult0\fi4430\tx9527 \up0 \expn
dtw-8\charscalex95 2012\tab \up0 \expndtw-8\charscalex95 2011\par\pard\li2337\sb
23\sl-218\slmult0\fi3340\tx6455\tx7291\tx8534\tx9417\tx10224 \up0 \expndtw-8\cha
rscalex95 Pension\tab \up0 \expndtw-8\charscalex95 Gratuity\tab \up0 \expndtw-8\
charscalex95 Benevolent\tab \up0 \expndtw-8\charscalex95 Pension\tab \up0 \expnd
tw-8\charscalex95 Gratuity\tab \up0 \expndtw-8\charscalex95 Benevolent\par\pard\
li2337\sb8\sl-218\slmult0\fi3470\tx6614\tx7560\tx8664\tx9576\tx10492 \up0 \expnd
tw-8\charscalex95 fund\tab \up0 \expndtw-8\charscalex95 fund\tab \up0 \expndtw-8
\charscalex95 fund\tab \up0 \expndtw-8\charscalex95 fund\tab \up0 \expndtw-8\cha
rscalex95 fund\tab \up0 \expndtw-8\charscalex95 fund\par\pard\li2337\sb14\sl-218
\slmult0\fi0\tx5721\tx6465\tx7440\tx8496\tx9379\tx10267 \up0 \expndtw-8\charscal
ex95 \ul0\nosupersub\cf2\f3\fs19 Government securities\tab \up0 \expndtw-8\chars
calex95 91.11%\tab \up0 \expndtw-8\charscalex95 99.08%\tab \up0 \expndtw-8\chars
calex95 99.44%\tab \up0 \expndtw-8\charscalex95 97.93%\tab \up0 \expndtw-8\chars
calex95 89.27%\tab \up0 \expndtw-8\charscalex95 99.44%\par\pard\li2337\sb8\sl-21
8\slmult0\fi0\tx5740\tx6734\tx7708\tx8563\tx9647\tx10545 \up0 \expndtw-8\charsca
lex95 Ordinary shares of listed companies\tab \up0 \expndtw-8\charscalex95 8.26%
\expndtw-8\charscalex95 1.61%\tab \up0 \expndtw-8\charscalex95 -\tab \up0 \expnd
tw-8\charscalex95 -\par\pard\li2337\sb9\sl-218\slmult0\fi0\tx5740\tx6518\tx7492\
tx8534\tx9388\tx10324 \up0 \expndtw-8\charscalex95 Others (including bank balanc
es)\tab \up0 \expndtw-8\charscalex95 0.63%\tab \up0 \expndtw-8\charscalex95 0.92
%\tab \up0 \expndtw-8\charscalex95 0.56%\tab \up0 \expndtw-8\charscalex95 0.46%\
tab \up0 \expndtw-8\charscalex95 10.73%\tab \up0 \expndtw-8\charscalex95 0.56%\p
ar\pard\qj \li2337\sb0\sl-220\slmult0 \par\pard\qj\li2337\sb0\sl-220\slmult0 \pa
r\pard\qj\li2337\ri705\sb8\sl-220\slmult0 \up0 \expndtw-7\charscalex97 As per ac
tuarial recommendations, the expected return on plan assets was assumed at 12% p
er annum on Pension \up0 \expndtw-7\charscalex96 Fund assets, Gratuity Fund asse
ts and Benevolent Fund assets. The expected return on plan assets was determined
\up0 \expndtw-7\charscalex96 by considering the expected returns available on t
he underlying assets. \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\li167
0\sb44\sl-218\slmult0\tx2414 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f
2\fs19 33.2.10 \tab \up0 \expndtw-7\charscalex95 Expected contributions to be pa
id to the funds in the next financial year \par\pard\qj \li2414\sb0\sl-220\slmul
t0 \par\pard\qj\li2414\ri685\sb21\sl-220\slmult0 \up0 \expndtw-3\charscalex100 \
ul0\nosupersub\cf2\f3\fs19 The Bank contributes to the pension and gratuity fund
s according to the actuary's advice. Contribution to the \up0 \expndtw-7\charsca
lex96 benevolent fund is made by the Bank as per the rates set out in the benevo
lent fund scheme. \par\pard\qj \li2414\ri689\sb220\sl-220\slmult0 \up0 \expndtw7\charscalex96 Based on actuarial advice, the management estimates that the char
ge / (reversal) in respect of defined benefit plans \up0 \expndtw-7\charscalex96
for the year ended December 31, 2012, subject to the provisions of the Trust De
eds, would be as follows: \par\pard\ql \li8577\sb0\sl-218\slmult0 \par\pard\ql\l
i8577\sb24\sl-218\slmult0 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf1\f2\f
s19 2013 \par\pard\li6432\sb30\sl-218\slmult0\fi2990\tx10271 \up3 \expndtw-8\cha
rscalex91 Post\tab \dn3 \expndtw-8\charscalex91 Employee\par\pard\sect\sectd\sbk
none\cols2\colno1\colw10087\colsr40\colno2\colw1973\colsr160\ql \li6432\sb41\sl171\slmult0\tx7324 \up0 \expndtw-8\charscalex89 Pension\tab \up0 \expndtw-7\char
scalex100 Gratuity \up0 \expndtw-8\charscalex93 Benevolent \up0 \expndtw-8\chars
calex100 retirement\par\pard\ql \li6561\sb17\sl-218\slmult0\tx7482\tx8442\tx9273
\up0 \expndtw-8\charscalex92 fund\tab \up0 \expndtw-8\charscalex94 fund\tab \up
0 \expndtw-8\charscalex92 fund\tab \up0 \expndtw-8\charscalex93 medical\par\pard
\ql \li9307\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex96 benefit\par\pard\col
umn \qj \li21\ri832\sb113\sl-225\slmult0\tx213 \up0 \expndtw-8\charscalex93 comp
ensated \line\tab \up0 \expndtw-8\charscalex87 absences \par\pard\sect\sectd\sbk
none \li1670\sb16\sl-195\slmult0\fi5193 \up0 \expndtw-7\charscalex100 \ul0\nosup

ersub\cf3\f4\fs17 ------------------- (Rupees in '000) ---------------------\par
\pard\sect\sectd\sbknone \li1670\sb32\sl-218\slmult0\fi743\tx6527\tx7555\tx8376\
tx9364\tx10636 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Expecte
d charge / (reversal) for the year\tab \up0 \expndtw-8\charscalex100 291,217\tab
\up0 \expndtw-8\charscalex100 19,934\tab \up0 \expndtw-8\charscalex100 (57,996)
\tab \up0 \expndtw-8\charscalex100 260,339\tab \up0 \expndtw-8\charscalex100 157
,332\par\pard\sect\sectd\sbknone \li1670\sb0\sl-218\slmult0\par\pard\li1670\sb59
\sl-218\slmult0\fi0\tx2414 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\
fs19 33.2.11\tab \up0 \expndtw-7\charscalex100 Five year data on surplus / (defi
cit) of the plans and experience adjustments\par\pard\li2414\sb0\sl-195\slmult0\
par\pard\li2414\sb29\sl-195\slmult0\fi4123\tx7473\tx8414\tx9374\tx10478 \up0 \ex
pndtw-7\charscalex96 \ul0\nosupersub\cf3\f4\fs17 2012\tab \up0 \expndtw-7\charsc
alex96 2011\tab \up0 \expndtw-7\charscalex96 2010\tab \up0 \expndtw-7\charscalex
96 2009\tab \up0 \expndtw-7\charscalex96 2008\par\pard\li2414\sb22\sl-195\slmult
0\fi4420 \up0 \expndtw-7\charscalex96 ------------------- (Rupees in '000) --------------------\par\pard\li2414\sb8\sl-195\slmult0\fi0 \up0 \expndtw-7\charscal
ex96 Pension Fund\par\pard\li2414\sb12\sl-195\slmult0\fi0\tx6335\tx7291\tx8222\t
x9196\tx10420 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf4\f5\fs17 Present v
alue of defined benefit obligations\tab \up0 \expndtw-7\charscalex96 (6,132,451)
\tab \up0 \expndtw-7\charscalex96 (3,951,706)\tab \up0 \expndtw-7\charscalex96 (
3,752,490)\tab \up0 \expndtw-7\charscalex96 (3,823,669)\tab \up0 \expndtw-7\char
scalex96 (3,958,503)\par\pard\li2414\sb8\sl-195\slmult0\fi0\tx6417\tx7396\tx8318
\tx9240\tx10473 \up0 \expndtw-7\charscalex96 Fair value of plan assets\tab \up0
t0\fi0\tx6340\tx7607\tx8366\tx9331\tx10564 \up0 \expndtw-7\charscalex96 (Deficit
) / surplus\tab \up0 \expndtw-7\charscalex96 (1,102,323)\tab \up0 \expndtw-7\cha
rscalex96 63,081\tab \up0 \expndtw-7\charscalex96 (122,560)\tab \up0 \expndtw-7\
arscalex96 Experience adjustments on plan liabilities [loss / (gain)]\tab \up0 \
expndtw-7\charscalex96 671,730\tab \up0 \expndtw-7\charscalex96 (77,855)\tab \up
0 \expndtw-7\charscalex96 (351,250)\tab \up0 \expndtw-7\charscalex96 130,299\tab
\up0 \expndtw-7\charscalex96 (1,133,269)\par\pard\li2414\sb8\sl-195\slmult0\fi0
\tx6556\tx7415\tx8457\tx9350\tx10655 \up0 \expndtw-7\charscalex96 Experience adj
ustments on plan assets [loss / (gain)]\tab \up0 \expndtw-7\charscalex96 235,166
\tab \up0 \expndtw-7\charscalex96 (164,373)\tab \up0 \expndtw-7\charscalex96 433
,160\tab \up0 \expndtw-7\charscalex96 (492,159)\tab \up0 \expndtw-7\charscalex96
294,093\par\pard\li2414\sb0\sl-195\slmult0\par\pard\li2414\sb14\sl-195\slmult0\
fi0 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf3\f4\fs17 Gratuity Fund\par\p
ard\li2414\sb7\sl-195\slmult0\fi0\tx6436\tx7401\tx8342\tx9331\tx10584 \up0 \expn
dtw-7\charscalex96 \ul0\nosupersub\cf4\f5\fs17 Present value of defined benefit
obligations\tab \up0 \expndtw-7\charscalex96 (302,753)\tab \up0 \expndtw-7\chars
calex96 (374,205)\tab \up0 \expndtw-7\charscalex96 (363,236)\tab \up0 \expndtw-7
\charscalex96 (335,598)\tab \up0 \expndtw-7\charscalex96 (357,163)\par\pard\li24
arscalex96 Fair value of plan assets\tab \up0 \expndtw-7\charscalex96 204,657\ta
b \up0 \expndtw-7\charscalex96 329,342\tab \up0 \expndtw-7\charscalex96 314,910\
2\par\pard\li2414\sb8\sl-195\slmult0\fi0\tx6504\tx7473\tx8428\tx9427\tx10660 \up
0 \expndtw-7\charscalex96 (Deficit) / surplus\tab \up0 \expndtw-7\charscalex96 (
98,096)\tab \up0 \expndtw-7\charscalex96 (44,863)\tab \up0 \expndtw-7\charscalex
96 (48,326)\tab \up0 \expndtw-7\charscalex96 434,550\tab \up0 \expndtw-7\charsca
\tx10751 \up0 \expndtw-7\charscalex96 Experience adjustments on plan liabilities
[loss / (gain)]\tab \up0 \expndtw-7\charscalex96 12,636\tab \up0 \expndtw-7\cha
rscalex96 (1,608)\tab \up0 \expndtw-7\charscalex96 10,321\tab \up0 \expndtw-7\ch
arscalex96 (14,581)\tab \up0 \expndtw-7\charscalex96 54,269\par\pard\li2414\sb8\
sl-195\slmult0\fi0\tx6643\tx7531\tx8577\tx9451\tx10790 \up0 \expndtw-7\charscale

x96 Experience adjustments on plan assets [loss / (gain)]\tab \up0 \expndtw-7\ch
arscalex96 29,051\tab \up0 \expndtw-7\charscalex96 (19,122)\tab \up0 \expndtw-7\
charscalex96 21,601\tab \up0 \expndtw-7\charscalex96 (51,792)\tab \up0 \expndtw7\charscalex96 11,542\par\pard\li2414\sb0\sl-195\slmult0\par\pard\li2414\sb14\sl
-195\slmult0\fi0 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf3\f4\fs17 Benevo
lent Fund\par\pard\li2414\sb8\sl-195\slmult0\fi0\tx6350\tx7267\tx8222\tx9211\tx1
0435 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf4\f5\fs17 Present value of d
efined benefit obligations\tab \up0 \expndtw-7\charscalex96 (1,175,073)\tab \up0
\expndtw-7\charscalex96 (1,469,644)\tab \up0 \expndtw-7\charscalex96 (1,405,002
)\tab \up0 \expndtw-7\charscalex96 (1,432,930)\tab \up0 \expndtw-7\charscalex96
(1,249,439)\par\pard\li2414\sb7\sl-195\slmult0\fi0\tx6432\tx7392\tx8356\tx9350\t
x10574 \up0 \expndtw-7\charscalex96 Fair value of plan assets\tab \up0 \expndtw7\charscalex96 1,587,950\tab \up0 \expndtw-7\charscalex96 1,478,094\tab \up0 \ex
pndtw-7\charscalex96 1,281,248\tab \up0 \expndtw-7\charscalex96 1,170,236\tab \u
571\tx7680\tx8376\tx9326\tx10756 \up0 \expndtw-7\charscalex96 Surplus / (deficit
)\tab \up0 \expndtw-7\charscalex96 412,877\tab \up0 \expndtw-7\charscalex96 8,45
0\tab \up0 \expndtw-7\charscalex96 (123,754)\tab \up0 \expndtw-7\charscalex96 (2
62,694)\tab \up0 \expndtw-7\charscalex96 26,958\par\pard\li2414\sb3\sl-195\slmul
t0\fi0\tx6619\tx7478\tx8356\tx9340\tx10545 \up0 \expndtw-7\charscalex96 Experien
ce adjustments on plan liabilities [loss / (gain)]\tab \up0 \expndtw-7\charscale
x96 (9,597)\tab \up0 \expndtw-7\charscalex96 (28,649)\tab \up0 \expndtw-7\charsc
alex96 (136,963)\tab \up0 \expndtw-7\charscalex96 (273,358)\tab \up0 \expndtw-7\
charscalex96 (242,864)\par\pard\li2414\sb7\sl-195\slmult0\fi0\tx6624\tx7473\tx85
15\tx9532\tx10742 \up0 \expndtw-7\charscalex96 Experience adjustments on plan as
sets [loss / (gain)]\tab \up0 \expndtw-7\charscalex96 68,607\tab \up0 \expndtw-7
\charscalex96 (83,402)\tab \up0 \expndtw-7\charscalex96 (6668)\tab \up0 \expndtw
-7\charscalex96 43,186\tab \up0 \expndtw-7\charscalex96 36,686\par\pard\li2414\s
alex96 \ul0\nosupersub\cf3\f4\fs17 Post retirement medical benefit\par\pard\li24
arscalex96 \ul0\nosupersub\cf4\f5\fs17 Present value of defined benefit obligati
ons\tab \up0 \expndtw-7\charscalex96 (2,182,363)\tab \up0 \expndtw-7\charscalex9
6 (2,455,614)\tab \up0 \expndtw-7\charscalex96 (2,244,246)\tab \up0 \expndtw-7\c
harscalex96 (2,180,320)\tab \up0 \expndtw-7\charscalex96 (2,422,945)\par\pard\li
2414\sb12\sl-195\slmult0\fi0\tx6566\tx7636\tx8433\tx9350\tx10569 \up0 \expndtw-7
\charscalex96 Experience adjustments on plan liabilities [loss / (gain)]\tab \up
0 \expndtw-7\charscalex96 173,538\tab \up0 \expndtw-7\charscalex96 71,735\tab \u
p0 \expndtw-7\charscalex96 (80,259)\tab \up0 \expndtw-7\charscalex96 (242,351)\t
ab \up0 \expndtw-7\charscalex96 (213,334)
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
}
}}
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}
\fi0\tx2164 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf1\f2\fs19 34.\tab \u
p0 \expndtw-7\charscalex100 DEFINED CONTRIBUTION PLAN\par\pard\li1670\sb0\sl-218
\slmult0\par\pard\li1670\sb12\sl-218\slmult0\fi0\tx2164 \up0 \expndtw-7\charscal
ex100 34.1\tab \up0 \expndtw-7\charscalex100 Provident Fund\par\pard\li1670\sb0\
sl-218\slmult0\par\pard\li1670\sb16\sl-218\slmult0\fi494 \up0 \expndtw-7\charsca
lex100 \ul0\nosupersub\cf2\f3\fs19 For employees hired on or after January 1,
2002 and for those who did not opt for the Bank\u8217?s Pension scheme\par\pard\
li1670\sb4\sl-218\slmult0\fi494 \up0 \expndtw-7\charscalex100 introduced in 1977
, the Bank operates an approved Provident Fund under which both the Bank and emp
loyees\par\pard\li1670\sb8\sl-218\slmult0\fi494 \up0 \expndtw-7\charscalex100 co
ntribute at following rates:\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\
sb12\sl-218\slmult0\fi494\tx6825 \up0 \expndtw-7\charscalex100 6% of the Basic S
alary\tab \up0 \expndtw-7\charscalex100 For Executives & Officers\par\pard\li167
0\sb8\sl-218\slmult0\fi494\tx6825 \up0 \expndtw-7\charscalex100 12% of the Basic
Salary\tab \up0 \expndtw-7\charscalex100 For Clerical Staff\par\pard\ql \li2164
\sb8\sl-218\slmult0 \up0 \expndtw-8\charscalex94 For Contractual Employees as pe
r their Service Contracts. \par\pard\qj \li2164\sb0\sl-220\slmult0 \par\pard\qj\
li2164\ri836\sb1\sl-220\slmult0 \up0 \expndtw-6\charscalex100 The staff who are

covered by the Bank\u8217?s Pension plan now also eligible for Provident fund be
nefits effective from \up0 \expndtw-6\charscalex100 April 04, 2005 by contributi
ng 6% of the basic pay. Bank also makes equal contributions for these employees.
\par\pard\qj \li2164\sb0\sl-220\slmult0 \par\pard\qj\li2164\ri833\sb20\sl-220\s
lmult0 \up0 \expndtw-7\charscalex97 Payments are made to the employees on retire
ment, death, resignation and discharge as specified in the rules of the \line \u
p0 \expndtw-8\charscalex90 Fund. \par\pard\qj \li2164\ri835\sb220\sl-220\slmult0
\up0 \expndtw-7\charscalex95 The total assets of the Fund were Rs. 10,538.559 m
illion as at December 31, 2011 (2010: Rs. 9,343.967 million) as per \up0 \expndt
w-8\charscalex95 latest available audited financial statements. \par\pard\ql \li
1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb24\sl-218\slmult0\tx2164 \up0 \exp
ndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 35. \tab \up0 \expndtw-8\charsc
alex93 REMUNERATION OF DIRECTORS AND EXECUTIVES \par\pard\li2164\sb0\sl-195\slmu
lt0\par\pard\li2164\sb38\sl-195\slmult0\fi4391\tx8246\tx9969 \up0 \expndtw-7\cha
rscalex100 \ul0\nosupersub\cf3\f4\fs17 President\tab \up0 \expndtw-7\charscalex1
00 Directors\tab \up0 \expndtw-7\charscalex100 Executives\par\pard\li2164\sb27\s
l-195\slmult0\fi4190\tx7147\tx7967\tx8846\tx9729\tx10631 \up0 \expndtw-7\charsca
lex100 2012\tab \up0 \expndtw-7\charscalex100 2011\tab \up0 \expndtw-7\charscale
x100 2012\tab \up0 \expndtw-7\charscalex100 2011\tab \up0 \expndtw-7\charscalex1
00 2012\tab \up0 \expndtw-7\charscalex100 2011\par\pard\li2164\sb7\sl-195\slmult
0\fi4094 \up0 \expndtw-6\charscalex100 -------------------------- (Rupees in '00
0) -----------------------------\par\pard\li2164\sb0\sl-195\slmult0\par\pard\li2
164\sb10\sl-195\slmult0\fi0\tx6484\tx7262\tx8073\tx8932\tx9878\tx10775 \up0 \exp
ndtw-7\charscalex100 \ul0\nosupersub\cf4\f5\fs17 Remuneration / fee of non execu
tives directors\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscal
ex100 -\tab \up0 \expndtw-7\charscalex100 26,147\tab \up0 \expndtw-7\charscalex1
-\par\pard\li2164\sb12\sl-195\slmult0\fi0\tx6475\tx7204\tx8116\tx8990\tx9600\tx1
0492 \up0 \expndtw-7\charscalex100 Managerial remuneration (including allowanc
es)\tab \up0 \expndtw-7\charscalex100 31,711\tab \up0 \expndtw-7\charscalex100 2
1,720\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\ta
3,406\par\pard\li2164\sb8\sl-195\slmult0\fi0\tx6552\tx7286\tx8116\tx8990\tx9739\
tx10718 \up0 \expndtw-7\charscalex100 Contribut on to provident and benevolent f
und\tab \up0 \expndtw-7\charscalex100 1,271\tab \up0 \expndtw-7\charscalex100 1,
224\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\tab
\up0 \expndtw-7\charscalex100 122,000\tab \up0 \expndtw-7\charscalex100 98,269\p
\up0 \expndtw-7\charscalex100 Medical\tab \up0 \expndtw-7\charscalex100 221\tab
\up0 \expndtw-7\charscalex100 204\tab \up0 \expndtw-7\charscalex100 -\tab \up0
\expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 232,840\tab \up0 \e
xpndtw-7\charscalex100 181,292\par\pard\li2164\sb13\sl-195\slmult0\fi0\tx6494\tx
7276\tx8116\tx8990\tx9878\tx10775 \up0 \expndtw-7\charscalex100 House-rent, main
tenance, furnishing, others\tab \up0 \expndtw-7\charscalex100 3,358\tab \up0 \ex
pndtw-7\charscalex100 1,940\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndt
w-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\char
scalex100 -\par\pard\li2164\sb7\sl-195\slmult0\fi0\tx6647\tx7396\tx8116\tx8990\t
x9878\tx10775 \up0 \expndtw-7\charscalex100 Utilities\tab \up0 \expndtw-7\charsc
alex100 516\tab \up0 \expndtw-7\charscalex100 353\tab \up0 \expndtw-7\charscalex
100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\ta
b \up0 \expndtw-7\charscalex100 -\par\pard\li2164\sb3\sl-195\slmult0\fi0\tx6652\
tx7396\tx8116\tx8990\tx9878\tx10775 \up0 \expndtw-7\charscalex100 Conveyance\tab
\up0 \expndtw-7\charscalex100 791\tab \up0 \expndtw-7\charscalex100 325\tab \up
0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expnd
tw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\par\pard\li2164\sb27\sl
-195\slmult0\fi4243\tx7185\tx8073\tx8932\tx9590\tx10521 \up0 \expndtw-7\charscal
ex97 37,868\tab \up0 \expndtw-7\charscalex97 25,766\tab \up0 \expndtw-7\charscal
ex97 26,147\tab \up0 \expndtw-7\charscalex97 20,973\tab \up0 \expndtw-7\charscal
-195\slmult0\par\pard\li2164\sb57\sl-195\slmult0\fi0\tx6811\tx7593\tx8447\tx9326
\tx9907\tx10828 \up0 \expndtw-7\charscalex97 Number of persons\tab \up0 \expndtw
-7\charscalex97 2\tab \up0 \expndtw-7\charscalex97 1\tab \up0 \expndtw-7\charsca
lex97 6\tab \up0 \expndtw-7\charscalex97 6\tab \up0 \expndtw-7\charscalex97 2,66
6\tab \up0 \expndtw-7\charscalex97 2,168\par\pard\qj \li2160\ri718\sb240\sl-240\
slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 The Chief Execu
tive Officer and certain Executives are provided with free club memberships and
the Chairman / Chief \line \up0 \expndtw-7\charscalex97 Executive Officer are al
so provided with free use of the Bank's maintained cars in accordance with their
entitlement. \par\pard\qj \li2160\ri719\sb217\sl-220\slmult0 \up0 \expndtw-7\ch
arscalex100 In addition to the above, all executives, including Chief Executive
Officer of the Bank are also entitled to certain short \up0 \expndtw-7\charscale
x100 term employee benefits which are disclosed in note 26.2 to these financial
statements. \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb24\sl218\slmult0\tx2160 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf1\f2\fs19 36.
\tab \up0 \expndtw-8\charscalex90 RELATED PARTY TRANSACTIONS \par\pard\qj \li21
60\sb0\sl-220\slmult0 \par\pard\qj\li2160\ri718\sb1\sl-220\slmult0 \up0 \expndtw
-7\charscalex98 \ul0\nosupersub\cf2\f3\fs19 Aga Khan Fund for Economic Developme
nt (AKFED), S.A, Switzerland holds 51% shares of the Bank. The Bank has \line \u
p0 \expndtw-7\charscalex98 related party relationship with its subsidiaries, ass
ociated undertakings, joint venture company (refer note 8.5 and \par\pard\qj \li
2160\ri717\sb20\sl-220\slmult0 \up0 \expndtw-7\charscalex97 8.6), associates o
f AKFED Group entities, employee benefit schemes (refer note 4.8) of the Bank /
related party, and \line \up0 \expndtw-7\charscalex100 members of the Key Manage
ment Personnel of the Bank / related party, including both Executive and Non-Exe
cutive \line \up0 \expndtw-8\charscalex100 Directors. \par\pard\qj \li2160\ri718
\sb216\sl-225\slmult0 \up0 \expndtw-7\charscalex100 Banking transactions with th
e related parties are executed on arm's length basis i.e. substantially on the s
ame terms, \line \up0 \expndtw-4\charscalex100 including mark-up rates and colla
teral, as those prevailing at the time for comparable transactions with unrelate
d \line \up0 \expndtw-5\charscalex100 parties and do not involve more than norma
l risk (i.e. under the comparable uncontrolled price method) other than \line \u
p0 \expndtw-7\charscalex97 those under terms of employment. Details of advances
to related parties are given in note 9.9 to these unconsolidated \line \up0 \exp
ndtw-8\charscalex97 financial statements. \par\pard\qj \li2160\sb0\sl-220\slmult
0 \par\pard\qj\li2160\ri718\sb20\sl-220\slmult0 \up0 \expndtw-6\charscalex100 Co
ntributions to and accruals in respect of staff retirement and other benefit sch
emes are made in accordance with \up0 \expndtw-7\charscalex100 the actuarial val
uation / terms of the contribution plan.
}
}}
}

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}}
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}}
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}}
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}

}}
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}}
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}}
}

}}
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}}
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}}
}

}}
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}}
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}}
}

}}
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}}
}

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}}
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}}
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}
}}
}

ex97 \ul0\nosupersub\cf2\f3\fs19 Details of transactions with related parties an
d balances with them as at the year-end were as follows: \par\pard\ql \li8112\sb
0\sl-218\slmult0 \par\pard\ql\li8112\sb0\sl-218\slmult0 \par\pard\ql\li8112\sb7\
sl-218\slmult0 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 2012 \p
ar\pard\ql \li6767\sb22\sl-195\slmult0 \up0 \expndtw-7\charscalex93 \ul0\nosuper
sub\cf3\f4\fs17 Individual and companies related through\par\pard\sect\sectd\sbk
none\cols3\colno1\colw7390\colsr160\colno2\colw2706\colsr160\colno3\colw1694\col
sr160\ql \li5995\sb25\sl-195\slmult0\tx6801 \up0 \expndtw-7\charscalex90 Key\tab
\up0 \expndtw-7\charscalex94 Parent\par\pard\ql \li5654\sb8\sl-195\slmult0\tx68
10 \up0 \expndtw-7\charscalex95 Management\tab \up0 \expndtw-7\charscalex93 Grou
p\par\pard\ql \li5774\sb12\sl-195\slmult0\tx6767 \up0 \expndtw-7\charscalex90 Pe
rsonnel\tab \up0 \expndtw-7\charscalex92 Entities\par\pard\column \ql \li34\sb12
6\sl-195\slmult0\tx2103 \up0 \expndtw-7\charscalex90 Subsidiary\tab \up0 \expndt
w-7\charscalex88 Joint\par\pard\ql \li20\sb8\sl-195\slmult0\tx1998 \up0 \expndtw
-7\charscalex94 companies Associates\tab \up0 \expndtw-7\charscalex95 venture\p
ar\pard\column \ql \li68\sb25\sl-195\slmult0 \up0 \expndtw-5\charscalex100 Other
\par\pard\qj \li20\ri1115\sb0\sl-206\slmult0\tx102 \up0 \expndtw-7\charscalex100
related \line\tab \up0 \expndtw-7\charscalex96 party \par\pard\sect\sectd\sbkno
ne \li2160\sb14\sl-195\slmult0\fi3374 \up0 \expndtw-6\charscalex100 -----------------------------------Rs. in 000-------------------------------------\par\pard
\sect\sectd\sbknone \li2160\sb0\sl-195\slmult0\par\pard\li2160\sb14\sl-195\slmul
t0\fi0 \up0 \expndtw-7\charscalex100 Balance Sheet\par\pard\sect\sectd\sbknone \
li2160\sb12\sl-195\slmult0\fi0\tx6393\tx7785\tx8567\tx9696\tx10377 \up0 \expndtw
-7\charscalex100 \ul0\nosupersub\cf4\f5\fs17 Deposits\tab \up0 \expndtw-7\charsc
alex100 115 3,989,868\tab \up0 \expndtw-7\charscalex100 812,286\tab \up0 \expndt
w-7\charscalex100 7,040,968\tab \up0 \expndtw-7\charscalex100 59,556\tab \up0 \e
xpndtw-7\charscalex100 2,963,637\par\pard\sect\sectd\sbknone \li2160\sb3\sl-195\
slmult0\fi0\tx6105\tx6844\tx7780\tx8832\tx9744\tx10641 \up0 \expndtw-7\charscale
x100 Borrowings\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscal
ex100 726,107\tab \up0 \expndtw-7\charscalex100 278,539\tab \up0 \expndtw-7\char
scalex100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex10
0 -\par\pard\sect\sectd\sbknone \li2160\sb8\sl-195\slmult0\fi0\tx6105\tx6988\tx7
574\tx8577\tx9816\tx10641 \up0 \expndtw-7\charscalex100 Investments\tab \up0 \ex
pndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\
charscalex100 10,839,525\tab \up0 \expndtw-7\charscalex100 4,585,708\tab \up0 \e
xpndtw-7\charscalex100 7,197\tab \up0 \expndtw-7\charscalex100 -\par\pard\sect\s
ectd\sbknone \li2160\sb12\sl-195\slmult0\fi0\tx6105\tx6892\tx7967\tx8692\tx9744\
tx10641 \up0 \expndtw-7\charscalex100 Markup / Other Receivable\tab \up0 \expndt
w-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 32,904\tab \up0 \expndtw-7
\charscalex100 9,103\tab \up0 \expndtw-7\charscalex100 220,000\tab \up0 \expndtw
-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\par\pard\sect\sectd\sbkno
ne \li2160\sb8\sl-195\slmult0\fi0\tx6105\tx6864\tx7992\tx8784\tx9744\tx10396 \up
0 \expndtw-7\charscalex100 Mark-up / Other Payable\tab \up0 \expndtw-7\charscale
x100 -\tab \up0 \expndtw-7\charscalex100 113,770\tab \up0 \expndtw-7\charscalex1
00 1,120\tab \up0 \expndtw-7\charscalex100 28,884\tab \up0 \expndtw-7\charscalex
100 -\tab \up0 \expndtw-7\charscalex100 1,223,959\par\pard\sect\sectd\sbknone \l
i2160\sb2\sl-195\slmult0\fi0\tx6105\tx6695\tx7694\tx8832\tx9744\tx10641 \up0 \ex
pndtw-7\charscalex100 Placements / Lendings\tab \up0 \expndtw-7\charscalex100 -\
212,257\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\
tab \up0 \expndtw-7\charscalex100 -\par\pard\sect\sectd\sbknone \li2160\sb13\sl195\slmult0\fi0\tx6105\tx6801\tx7881\tx8726\tx9912\tx10641 \up0 \expndtw-7\chars
calex100 Overdrawn Nostro\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw7\charscalex100 656,893\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\
charscalex100 292,891\tab \up0 \expndtw-7\charscalex100 738\tab \up0 \expndtw-7\

charscalex100 -\par\pard\sect\sectd\sbknone \li2160\sb8\sl-195\slmult0\fi0\tx610
5\tx6988\tx7881\tx8740\tx9744\tx10641 \up0 \expndtw-7\charscalex100 Impairment p
rovision\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 \tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 573,261\t
ab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\par\pard\
sect\sectd\sbknone \li2160\sb0\sl-195\slmult0\par\pard\li2160\sb14\sl-195\slmult
0\fi0 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf3\f4\fs17 Profit and Loss\
par\pard\sect\sectd\sbknone \li2160\sb7\sl-195\slmult0\fi0\tx6110\tx6811\tx7804\
tx8601\tx9744\tx10641 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf4\f5\fs17
Interest / Other Income\tab \up0 \expndtw-7\charscalex100 12,400\tab \up0 \expnd
tw-7\charscalex100 222,984\tab \up0 \expndtw-7\charscalex100 131,836\tab \up0 \e
xpndtw-7\charscalex100 1,249,676\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \e
xpndtw-7\charscalex100 -\par\pard\sect\sectd\sbknone \li2160\sb8\sl-195\slmult0\
fi0\tx6105\tx6820\tx7881\tx8712\tx9744\tx10545 \up0 \expndtw-7\charscalex100 Int
erest / Other Expense\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\ch
arscalex100 328,573\tab \up0 \expndtw-7\charscalex100 19,708\tab \up0 \expndtw-7
\charscalex100 687,887\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\c
harscalex100 171,878\par\pard\sect\sectd\sbknone \li2160\sb7\sl-195\slmult0\fi0\
tx6105\tx6988\tx7881\tx8750\tx9724\tx10641 \up0 \expndtw-7\charscalex100 Dividen
d income\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 \tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 158,791\t
ab \up0 \expndtw-7\charscalex100 71,585\tab \up0 \expndtw-7\charscalex100 -\par\
pard\sect\sectd\sbknone \li2160\sb0\sl-195\slmult0\par\pard\li2160\sb15\sl-195\s
lmult0\fi0 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf3\f4\fs17 Others\par\
pard\sect\sectd\sbknone \li2160\sb12\sl-195\slmult0\fi0\tx6086\tx6825\tx7881\tx8
832\tx9744\tx10545 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf4\f5\fs17 Oth
er contingencies\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charsca
lex100 361,835\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscale
x100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 127
,318\par\pard\sect\sectd\sbknone \li2160\sb3\sl-195\slmult0\fi0\tx6105\tx6681\tx
7771\tx8491\tx9744\tx10295 \up0 \expndtw-7\charscalex100 Securities Held as cust
odian\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 4,85
00 12,378,000\par\pard\sect\sectd\sbknone \li2160\sb7\sl-195\slmult0\fi0\tx6124\
tx7137\tx7881\tx8899\tx9744\tx10641 \up0 \expndtw-7\charscalex100 Other transact
ions\tab \up0 \expndtw-7\charscalex100 80,250\tab \up0 \expndtw-7\charscalex100
199\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 2,427\
tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\par\pard
\li5995\sb0\sl-218\slmult0\par\pard\li5995\sb198\sl-218\slmult0\fi2126 \up0 \exp
ndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 2011\par\pard\li5995\sb18\sl-195
\slmult0\fi772 \up0 \expndtw-7\charscalex94 \ul0\nosupersub\cf3\f4\fs17 Individu
al and companies related through\par\pard\li5995\sb22\sl-195\slmult0\fi0\tx6806\
tx10454 \up0 \expndtw-7\charscalex94 Key\tab \up0 \expndtw-7\charscalex94 Parent
\tab \up0 \expndtw-7\charscalex94 Other\par\pard\sect\sectd\sbknone\cols3\colno1
\colw7390\colsr160\colno2\colw2706\colsr160\colno3\colw1694\colsr160\ql \li5654\
sb8\sl-195\slmult0\tx6810 \up0 \expndtw-7\charscalex95 Management\tab \up0 \expn
dtw-7\charscalex93 Group\par\pard\ql \li5774\sb12\sl-195\slmult0\tx6767 \up0 \ex
pndtw-7\charscalex90 Personnel\tab \up0 \expndtw-7\charscalex92 Entities\par\par
d\column \ql \li34\sb0\sl-153\slmult0\tx2103 \up0 \expndtw-7\charscalex90 Subsid
iary\tab \up0 \expndtw-7\charscalex88 Joint\par\pard\ql \li20\sb0\sl-153\slmult0
\tx1998 \up0 \expndtw-7\charscalex94 companies Associates\tab \up0 \expndtw-7\c
harscalex95 venture\par\pard\column \qj \li20\ri1115\sb0\sl-206\slmult0\tx102 \u
p0 \expndtw-7\charscalex100 related \line\tab \up0 \expndtw-7\charscalex96 party
\par\pard\sect\sectd\sbknone \li2160\sb13\sl-195\slmult0\fi3374 \up0 \expndtw-6
\charscalex100 ------------------------------------Rs. in 000------------------------------------\par\pard\sect\sectd\sbknone \li2160\sb0\sl-195\slmult0\par\pa
rd\li2160\sb15\sl-195\slmult0\fi0 \up0 \expndtw-7\charscalex100 Balance Sheet\pa
r\pard\sect\sectd\sbknone \li2160\sb12\sl-195\slmult0\fi0\tx6105\tx6705\tx7775\t
x8630\tx9696\tx10488 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf4\f5\fs17 D

eposits\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 2,
977,032\tab \up0 \expndtw-7\charscalex100 554,076\tab \up0 \expndtw-7\charscalex
100 4,105,211\tab \up0 \expndtw-7\charscalex100 27,833\tab \up0 \expndtw-7\chars
calex100 635,603\par\pard\sect\sectd\sbknone \li2160\sb3\sl-195\slmult0\fi0\tx61
05\tx6988\tx7771\tx8832\tx9744\tx10641 \up0 \expndtw-7\charscalex100 Borrowings\
tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0
\expndtw-7\charscalex100 323,289\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \
expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\par\pard\sect\sect
d\sbknone \li2160\sb8\sl-195\slmult0\fi0\tx6105\tx6988\tx7646\tx8587\tx9816\tx10
641 \up0 \expndtw-7\charscalex100 Investments\tab \up0 \expndtw-7\charscalex100
-\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 9,558,65
7,197\tab \up0 \expndtw-7\charscalex100 -\par\pard\sect\sectd\sbknone \li2160\sb
12\sl-195\slmult0\fi0\tx6105\tx6931\tx7977\tx8760\tx9744\tx10569 \up0 \expndtw-7
\charscalex100 Markup / Other Receivable\tab \up0 \expndtw-7\charscalex100 -\tab
b \up0 \expndtw-7\charscalex100 115,149\tab \up0 \expndtw-7\charscalex100 -\tab
\up0 \expndtw-7\charscalex100 63,080\par\pard\sect\sectd\sbknone \li2160\sb8\sl195\slmult0\fi0\tx6105\tx6849\tx7982\tx8784\tx9744\tx10608 \up0 \expndtw-7\chars
calex100 Mark-up / Other Payable\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \e
\expndtw-7\charscalex100 24,430\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \ex
pndtw-7\charscalex100 85,513\par\pard\sect\sectd\sbknone \li2160\sb2\sl-195\slmu
lt0\fi0\tx6105\tx6806\tx7555\tx8832\tx9767\tx10641 \up0 \expndtw-7\charscalex100
Placements / Lendings\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\c
harscalex100 362,928\tab \up0 \expndtw-7\charscalex100 12,668,849\tab \up0 \expn
dtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 6,489\tab \up0 \expndtw7\charscalex100 -\par\pard\sect\sectd\sbknone \li2160\sb13\sl-195\slmult0\fi0\tx
6105\tx6806\tx7862\tx8687\tx9744\tx10641 \up0 \expndtw-7\charscalex100 Overdrawn
Nostro\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 62
486,045\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 \par\pard\sect\sectd\sbknone \li2160\sb7\sl-195\slmult0\fi0\tx6105\tx6988\tx7881
\tx8740\tx9744\tx10641 \up0 \expndtw-7\charscalex100 Impairment provision\tab \u
p0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expn
dtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 573,261\tab \up0 \expndt
w-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\par\pard\sect\sectd\sbkn
one \li2160\sb0\sl-195\slmult0\par\pard\li2160\sb15\sl-195\slmult0\fi0 \up0 \exp
ndtw-7\charscalex100 \ul0\nosupersub\cf3\f4\fs17 Profit and Loss\par\pard\sect\s
ectd\sbknone \li2160\sb7\sl-195\slmult0\fi0\tx6105\tx6820\tx7795\tx8731\tx9744\t
x10641 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf4\f5\fs17 Interest / Othe
r Income\tab \up0 \expndtw-7\charscalex100 19,000\tab \up0 \expndtw-7\charscalex
100 241,445\tab \up0 \expndtw-7\charscalex100 308,712\tab \up0 \expndtw-7\charsc
alex100 836,571\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscal
ex100 -\par\pard\sect\sectd\sbknone \li2160\sb8\sl-195\slmult0\fi0\tx6105\tx6825
\tx7852\tx8687\tx9744\tx10540 \up0 \expndtw-7\charscalex100 Interest / Other Exp
ense\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 159,9
4,500\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 127,
729\par\pard\sect\sectd\sbknone \li2160\sb7\sl-195\slmult0\fi0\tx6105\tx6988\tx7
881\tx8822\tx9676\tx10641 \up0 \expndtw-7\charscalex100 Dividend income\tab \up0
\expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndt
w-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 61,556\tab \up0 \expndtw-7
\charscalex100 44,850\tab \up0 \expndtw-7\charscalex100 -\par\pard\sect\sectd\sb
knone \li2160\sb0\sl-195\slmult0\par\pard\li2160\sb15\sl-195\slmult0\fi0 \up0 \e
xpndtw-7\charscalex100 \ul0\nosupersub\cf3\f4\fs17 Others\par\pard\sect\sectd\sb
knone \li2160\sb12\sl-195\slmult0\fi0\tx6105\tx6811\tx7881\tx8832\tx9744\tx10641
\up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf4\f5\fs17 Other contingencies\t
ab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 103,044\tab

xpndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 -\par\pard\sect\sectd
\sbknone \li2160\sb3\sl-195\slmult0\fi0\tx6105\tx6720\tx7756\tx8491\tx9744\tx103
05 \up0 \expndtw-7\charscalex100 Securities Held as custodian\tab \up0 \expndtw7\charscalex100 92,730\tab \up0 \expndtw-7\charscalex100 3,715,550\tab \up0 \exp
ndtw-7\charscalex100 945,000\tab \up0 \expndtw-7\charscalex100 15,003,000\tab \u
p0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex100 14,129,800\par\p
ard\sect\sectd\sbknone \li2160\sb7\sl-195\slmult0\fi0\tx6105\tx6988\tx7886\tx883
2\tx9744\tx10641 \up0 \expndtw-7\charscalex100 Acceptance\tab \up0 \expndtw-7\ch
arscalex100 -\tab \up0 \expndtw-7\charscalex100 -\tab \up0 \expndtw-7\charscalex
-\tab \up0 \expndtw-7\charscalex100 -\par\pard\ql \li1670\sb0\sl-218\slmult0 \p
ar\pard\ql\li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb19\sl-218\slmult0\tx2
160 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 36.1 \tab \up0 \exp
ndtw-6\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The donations given in note 26
of these unconsolidated financial statements include donations to HBL Foundation
. \par\pard\qj \li2160\ri785\sb1\sl-220\slmult0 \up0 \expndtw-7\charscalex98 The
Foundation was established by the Board of Directors of HBL to promote developm
ent and advance the welfare \line \up0 \expndtw-7\charscalex98 and well being of
the people with the object of improving their quality of life. Liability to the
fund is shown in note 17.
}
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}
\fi0\tx2160 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 36.2\tab \u
p0 \expndtw-8\charscalex94 Key Management Personnel\par\pard\li1670\sb0\sl-218\s
lmult0\par\pard\li1670\sb12\sl-218\slmult0\fi489 \up0 \expndtw-7\charscalex95 \u
l0\nosupersub\cf2\f3\fs19 Key Management Personnel comprises Members of Manageme
nt Forum, Regional Management, Country Managers\par\pard\li1670\sb8\sl-218\slmul
t0\fi489 \up0 \expndtw-8\charscalex94 and Senior Executives:\par\pard\li2160\sb0
\sl-218\slmult0\par\pard\li2160\sb12\sl-218\slmult0\fi7046\tx10329 \up0 \expndtw
-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 2012\tab \up0 \expndtw-8\charscalex9
6 2011\par\pard\li2160\sb8\sl-218\slmult0\fi7156 \up0 \expndtw-8\charscalex96 (R
upees in '000)\par\pard\li2160\sb0\sl-218\slmult0\par\pard\li2160\sb17\sl-218\sl
mult0\fi0\tx9201\tx10339 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf2\f3\fs1
9 Managerial remuneration (including allowances)\tab \up0 \expndtw-8\charscalex9
6 1,117,531\tab \up0 \expndtw-8\charscalex96 903,892\par\pard\li2160\sb8\sl-218\
slmult0\fi0\tx9350\tx10468 \up0 \expndtw-8\charscalex96 Contribution to providen
t and benevolent fund\tab \up0 \expndtw-8\charscalex96 22,586\tab \up0 \expndtw8\charscalex96 19,333\par\pard\li2160\sb9\sl-218\slmult0\fi0\tx9331\tx10464 \up0
\expndtw-8\charscalex96 Medical\tab \up0 \expndtw-8\charscalex96 36,408\tab \up
0 \expndtw-8\charscalex96 29,225\par\pard\li9163\sb18\sl-218\slmult0\fi0\tx10344
\par\pard\li2160\sb0\sl-218\slmult0\par\pard\li2160\sb60\sl-218\slmult0\fi0\tx96
14\tx10713 \up0 \expndtw-8\charscalex94 Number of persons\tab \up0 \expndtw-8\ch
arscalex94 159\tab \up0 \expndtw-8\charscalex94 147\par\pard\ql \li2160\sb0\sl-2
18\slmult0 \par\pard\ql\li2160\sb45\sl-218\slmult0 \up0 \expndtw-7\charscalex96
In addition, Key Management Personnel are paid short-term employee benefits whic
h are disclosed in note 26.2. \par\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\
ql\li1670\sb0\sl-218\slmult0 \par\pard\ql\li1670\sb27\sl-218\slmult0\tx2150 \up0
\expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 37. \tab \up0 \expndtw-8\ch
arscalex92 RISK MANAGEMENT FRAMEWORK \par\pard\qj \li2150\ri1020\sb216\sl-226\sl
mult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 Risk taking is ce
ntral to banking activity. Success in any venture in general and the banking bus
iness in particular is \up0 \expndtw-3\charscalex100 dependent on how well an in
stitution manages its risk. The main goal is to minimize risk and be proactive i
n \up0 \expndtw-7\charscalex97 efficiently identifying, assessing, measuring (as
far as possible), monitoring and controlling risks to an organisation\u8217?s \
up0 \expndtw-8\charscalex94 strategic advantage. \par\pard\qj \li2150\ri1021\sb2
15\sl-225\slmult0 \up0 \expndtw-7\charscalex97 As HBL plans to continue diversif
ying its business and ensuring sustained growth and profitability amidst increas
ing \up0 \expndtw-6\charscalex100 competitiveness and challenges in the ban

king industry and works to implement the comprehensive risk \up0 \expndt
w-7\charscalex96 management, capital adequacy and internal control standards enf
orced by the SBP. To this end, the Bank has a well \up0 \expndtw-4\charscalex100
defined Risk Management Framework comprising of an effective risk management st
rategy, risk management \up0 \expndtw-8\charscalex97 structure and a policy fram
ework. \par\pard\ql \li2150\sb0\sl-218\slmult0 \par\pard\ql\li2150\sb23\sl-218\s
lmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 Risk Management
Structure \par\pard\qj \li2150\sb0\sl-220\slmult0 \par\pard\qj\li2150\ri1018\sb1
\sl-220\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 The Ban
k\u8217?s risk management approach is underpinned by an appropriate risk managem
ent structure. This structure \line \up0 \expndtw-7\charscalex96 is represented
by various lines of defence in order to ensure that the risks are managed effect
ively on an entity level: \par\pard\li5860\sb0\sl-218\slmult0\par\pard\li5860\sb
31\sl-218\slmult0\fi1487 \up0 \expndtw-8\charscalex94 Board Risk Management Comm
ittee and Board\par\pard\sect\sectd\sbknone\cols2\colno1\colw7308\colsr40\colno2
\colw4752\colsr160\ql \li5860\sb0\sl-171\slmult0 \up0 \expndtw-8\charscalex96 Bo
ard of Directors\par\pard\ql \li2150\sb69\sl-218\slmult0 \up0 \expndtw-8\charsca
lex92 Supervisory Level\par\pard\ql \li6052\sb18\sl-218\slmult0 \up0 \expndtw-8\
charscalex96 Management\par\pard\ql \li2150\sb0\sl-218\slmult0 \par\pard\ql \li2
150\sb0\sl-218\slmult0 \par\pard\ql \li2150\sb33\sl-218\slmult0 \up0 \expndtw-8\
charscalex96 Risk Initiation - Operating Units/ Risk Owners\par\pard\ql \li2150\
sb0\sl-218\slmult0 \par\pard\ql \li2150\sb26\sl-218\slmult0 \up0 \expndtw-8\char
scalex95 Risk Control\par\pard\ql \li2150\sb23\sl-218\slmult0 \up0 \expndtw-8\ch
arscalex89 Risk Assurance\par\pard\column \ql \li20\sb9\sl-218\slmult0 \up0 \exp
ndtw-6\charscalex100 Audit Committee\par\pard\ql \li20\ri1331\sb18\sl-223\slmult
0 \up0 \expndtw-8\charscalex95 ALCO, Management Risk Committee, Credit \up0 \exp
ndtw-8\charscalex96 Policy Committee, Operational Risk \up0 \expndtw-8\charscale
x97 Management Committee etc.\par\pard\ql \li20\ri1059\sb16\sl-225\slmult0 \up0
\expndtw-8\charscalex93 All Business and Support Groups i.e., Corporate, \up0 \e
xpndtw-8\charscalex95 Investment Banking, Commercial, Retail, \line \up0 \expndt
w-8\charscalex91 Treasury, IT, HR, etc.\par\pard\qj \li20\ri1687\sb0\sl-240\slmu
lt0 \up0 \expndtw-8\charscalex94 Risk Management Group, Compliance \line \up0 \e
xpndtw-8\charscalex93 Internal Audit and Business Risk Review \par\pard\sect\sec
td\sbknone \ql \li2150\sb0\sl-218\slmult0 \par\pard\ql\li2150\sb13\sl-218\slmult
0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 Board of Directors (B
oD) \par\pard\qj \li2150\ri898\sb216\sl-226\slmult0 \up0 \expndtw-3\charscalex10
0 \ul0\nosupersub\cf2\f3\fs19 The Board provides strategic direction for effect
ive risk management and has the ultimate responsibility for \up0 \expndtw-7\cha
rscalex96 managing all material risks that the Bank is/ may be exposed to, and f
or ensuring that the required human resources, \up0 \expndtw-7\charscalex97 cult
ure, practices and systems are in place to address such risks. In discharging th
ese responsibilities for overall risk \up0 \expndtw-7\charscalex97 management, t
he Board has established the Board Risk Management Committee. \par\pard\ql \li21
50\sb0\sl-218\slmult0 \par\pard\ql\li2150\sb23\sl-218\slmult0 \up0 \expndtw-8\ch
arscalex94 \ul0\nosupersub\cf1\f2\fs19 Board Risk Management Committee (BRMC) \p
ar\pard\qj \li2150\ri896\sb217\sl-225\slmult0 \up0 \expndtw-7\charscalex100 \ul0
\nosupersub\cf2\f3\fs19 BRMC is a Board level oversight committee and is the hig
hest risk related policy making and oversight body for all \up0 \expndtw-7\chars
calex98 types of risks faced by the Bank, notably credit, market, liquidity and
operational risks. It comprises of four directors \up0 \expndtw-6\charscalex100
of the Board (majority being non-executive) including the Chairman of the Board.
The Committee is supported by \up0 \expndtw-7\charscalex97 the Chief Risk Offic
er (CRO) and other executives as required. BRMC assists the Board in determining
the strategic \up0 \expndtw-8\charscalex97 direction of the Bank by providing t
hem the risk perspective.

}
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}
b0\sl-218\slmult0 \par\pard\ql\li2150\sb4\sl-218\slmult0 \up0 \expndtw-8\charsca
lex96 \ul0\nosupersub\cf1\f2\fs19 Asset & Liability Committee (ALCO) \par\pard\q
j \li2150\ri895\sb196\sl-226\slmult0 \up0 \expndtw-6\charscalex100 \ul0\nosupers
ub\cf2\f3\fs19 ALCO is the focal point for defining and leading the entire asset
liability management process within the Bank. In \line \up0 \expndtw-1\charscal
ex100 this regard, ALCO also has responsibility for oversight of all market and
liquidity risks. It is chaired by the \line \up0 \expndtw-7\charscalex100 Pres
ident/CEO and has representation from all business groups, CRO, Chief Financial
Officer (CFO), and Head of \line \up0 \expndtw-8\charscalex100 Market Risk. \par
\pard\ql \li2150\sb201\sl-218\slmult0 \up0 \expndtw-8\charscalex96 \ul0\nosupers
ub\cf1\f2\fs19 Management Risk Committee (MRC) \par\pard\qj \li2150\ri896\sb217\
sl-225\slmult0 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Managem
ent Risk Committee is a senior management body headed by the CRO that mainly cov
ers risks on \up0 \expndtw-7\charscalex97 integrated basis from an overall persp
ective of strategy, policy/ framework development, assessment/ measurement \up0
\expndtw-7\charscalex97 tools, MIS framework and Basel II implementation, wherea
s routine aspects in relation to such risks are managed by \up0 \expndtw-7\chars
calex100 designated risk departments. In addition, the Bank has other senior man
agement committees i.e., CPC, ALCO and \up0 \expndtw-7\charscalex100 ORMC to man
age more specifically the credit, market and liquidity and operational risks res
pectively. \par\pard\ql \li2150\sb201\sl-218\slmult0 \up0 \expndtw-8\charscalex9
6 \ul0\nosupersub\cf1\f2\fs19 Credit Policy Committee (CPC) \par\pard\qj \li2150
\ri891\sb197\sl-225\slmult0 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf2\f3
\fs19 Credit Policy Committee, at the functional level, has the responsibility t
o translate the decisions about strategy into \line \up0 \expndtw-6\charscalex10
0 framework, policies and standards for the origination, approval, disbursement,
monitoring and reporting of credits \line \up0 \expndtw-7\charscalex100 and als
o to participate with the business line management in setting up the Bank's targ
et portfolio profile and limits \line \up0 \expndtw-7\charscalex100 and in monit
oring alignment with the risk strategies, appetite and limits etc. approved by t
he competent authorities. \line \up0 \expndtw-7\charscalex100 The CPC is chaired
by the CRO with the members comprising of at least one Senior Credit Officer fr
om Corporate \line \up0 \expndtw-7\charscalex98 Banking, Investment Banking, Com
mercial and Retail Lending and at least one representative each from the Credit
\line \up0 \expndtw-6\charscalex100 Policy and Credit Administration Divisions w
ithin RMG. The risk management function is independent of business \line \up0 \e
xpndtw-7\charscalex100 group / divisions. \par\pard\ql \li2150\sb201\sl-218\slmu
lt0 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\f2\fs19 Operational Risk Ma
nagement Committee (ORMC) \par\pard\qj \li2150\ri896\sb196\sl-226\slmult0 \up0 \
expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Operational Risk Managemen
t Committee is a senior management body responsible for operational ri
sk \up0 \expndtw-7\charscalex100 management within the Bank both from the
strategic as well as tactical perspectives. The Committee has \up0 \expn
dtw-7\charscalex97 representation from Risk Management Group, Operations, Global
Compliance Group and Finance, being headed by \up0 \expndtw-8\charscalex97 the
CRO as its Chairman. \par\pard\ql \li2150\sb201\sl-218\slmult0 \up0 \expndtw-8\c
harscalex94 \ul0\nosupersub\cf1\f2\fs19 Risk Management Group (RMG) \par\pard\qj
\li2150\ri895\sb218\sl-223\slmult0 \up0 \expndtw-7\charscalex98 \ul0\nosupersub
\cf2\f3\fs19 For effective implementation of the risk management framework, a de
dicated function i.e. Risk Management Group \line \up0 \expndtw-7\charscalex98 o
perates within the Bank, independent from the other business units, support func
tions as well as the Internal Audit \line \up0 \expndtw-4\charscalex100 function
. RMG is responsible to perform the functions pertaining to development and over
sight of risk strategy, \line \up0 \expndtw-7\charscalex97 policy, framework, me
thodology and MIS. The Group is headed by a designated Group Executive i.e. CRO
reporting \line \up0 \expndtw-7\charscalex98 to the President but with an indepe
ndent reporting line to BRMC so as to enable reporting of all material risk issu
es \line \up0 \expndtw-7\charscalex100 and matters, particularly in relation to
exceptional circumstances where there may be a conflict/ disagreement with \line
\up0 \expndtw-8\charscalex100 the President. \par\pard\qj \li2150\ri897\sb220\s
l-220\slmult0 \up0 \expndtw-7\charscalex100 RMG has designated separate personne
l/departments to cater to the following significant areas with each of them \up0
\expndtw-8\charscalex100 reporting to the CRO: \par\pard\ql \li2150\sb0\sl-218\
slmult0 \par\pard\ql\li2150\sb4\sl-218\slmult0 \up0 \expndtw-8\charscalex97 - Cr
edit Policy \par\pard\ql \li2150\sb3\sl-218\slmult0 \up0 \expndtw-8\charscalex96
- Credit Approvals \par\pard\ql \li2150\sb3\sl-218\slmult0 \up0 \expndtw-7\char
scalex100 - Credit Administration \par\pard\ql \li2150\sb23\sl-218\slmult0 \up0
\expndtw-8\charscalex100 - Portfolio Management \par\pard\ql \li2150\sb3\sl-218\
slmult0 \up0 \expndtw-8\charscalex94 - Consumer Risk Management \par\pard\ql \li
2150\sb3\sl-218\slmult0 \up0 \expndtw-8\charscalex96 - Market & Liquidity Risk M
anagement \par\pard\qj \li2150\ri895\sb198\sl-224\slmult0 \up0 \expndtw-7\charsc
alex97 The Operational Risk Management Division (ORMD) operates within Global Co
mpliance Group (GCG) independent \up0 \expndtw-7\charscalex97 from the other bus
iness units, support functions as well as the Internal Audit function. The Head
ORMD is one of the \up0 \expndtw-4\charscalex100 members of the Operational Risk
Committee which is chaired by the CRO. In this manner, issues and matters \up0
\expndtw-7\charscalex100 concerning operational risk are independently communica
ted to CRO so as to enable knowledge of the Bank-wide \up0 \expndtw-5\charscalex
100 risks. The key issues are reported to BRMC through the forum of the Operatio
nal Risk Committee and/ or MRC, \up0 \expndtw-5\charscalex100 where applicable.
In addition, the Head ORMD has a dotted reporting relationship with the CRO. \pa
r\pard\ql \li2150\sb0\sl-218\slmult0 \par\pard\ql\li2150\sb23\sl-218\slmult0 \up
0 \expndtw-8\charscalex89 \ul0\nosupersub\cf8\f9\fs19 Internal Audit & Business
Risk Review (BRR) \par\pard\qj \li2150\sb0\sl-220\slmult0 \par\pard\qj\li2150\ri
BRR and Internal Audit provide independent assessment to the Board and the senio
r management of the Bank\u8217?s risk \up0 \expndtw-7\charscalex96 management fr
amework that includes policies, procedures, methodologies, reporting, and system

s. \par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart
Pg45}{\bkmkend Pg45}\par\pard\ql \li2150\sb0\sl-218\slmult0 \par\pard\ql\li2150\
sb0\sl-218\slmult0 \par\pard\ql\li2150\sb0\sl-218\slmult0 \par\pard\ql\li2150\sb
46\sl-218\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 Credi
t Risk Management \par\pard\qj \li2150\ri895\sb216\sl-226\slmult0 \up0 \expndtw5\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Credit risk is the risk of loss due
to the failure of a borrower to meet its credit obligations in accordance with t
he \line \up0 \expndtw-7\charscalex95 agreed contract terms. Credit risk makes u
p the largest part of the Bank\u8217?s risk exposures. The Bank\u8217?s credit p
rocess is \line \up0 \expndtw-7\charscalex100 guided by centrally established cr
edit policies, rules and guidelines continuing a close-to-the market approach wi
th \line \up0 \expndtw-7\charscalex100 an aim to maintain a well-diversified por
tfolio of credit risk, which produces a reliable and consistent return. \par\par
d\qj \li2150\ri895\sb211\sl-230\slmult0 \up0 \expndtw-6\charscalex100 Credit ris
k policies are established by the Credit Policy Committee/ CRO and approved by t
he Board through the \line \up0 \expndtw-7\charscalex95 Board Risk Management Co
mmittee. The Bank has a system of checks and balances in place around the extens
ion of \line \up0 \expndtw-8\charscalex95 credit that are: \par\pard\ql \li2409\
sb0\sl-218\slmult0 \up0 \expndtw-8\charscalex96 - An independent risk management
function. \par\pard\qj \li2409\ri4000\sb1\sl-220\slmult0 \up0 \expndtw-7\charsc
alex96 - Approval rules based on three-initial system and co-guarantor approach.
\up0 \expndtw-8\charscalex96 - An independent audit and risk review function. \
par\pard\qj \li2150\sb0\sl-220\slmult0 \par\pard\qj\li2150\ri897\sb20\sl-220\slm
ult0 \up0 \expndtw-2\charscalex100 The Credit Risk Strategy reflects Bank\u8217
?s tolerance for risk i.e. credit risk appetite and the level of expected \up0 \
expndtw-3\charscalex100 profitability. This, as a minimum, reflects Bank\u8217?s
strategy to grant credit based on various products, economic \up0 \expndtw-7\ch
arscalex96 sectors, client segments etc., target markets giving due consideratio
n to risks specific to each target market. \par\pard\ql \li2150\sb0\sl-218\slmul
t0 \par\pard\ql\li2150\sb24\sl-218\slmult0 \up0 \expndtw-8\charscalex95 Salient
features of our credit approval process are delineated below: \par\pard\qj \li23
56\ri1646\sb1\sl-220\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf15\f
16\fs19 -\ul0\nosupersub\cf16\f17\fs19 \ul0\nosupersub\cf2\f3\fs19 Every exten
sion of credit to any counterparty requires approval by the personnel having cre
dit approval \up0 \expndtw-8\charscalex97 authorities. \par\pard\ql \li2356\sb2\
sl-218\slmult0 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf15\f16\fs19 -\ul0\
nosupersub\cf16\f17\fs19 \ul0\nosupersub\cf2\f3\fs19 All Business groups must
apply consistent standards in arriving at their credit decisions. \par\pard\ql \
li2356\sb23\sl-218\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf15\f16
\fs19 -\ul0\nosupersub\cf16\f17\fs19 \ul0\nosupersub\cf2\f3\fs19 Every materia
l change to a credit facility requires approval at the appropriate/ pre-defined
level. \par\pard\ql \li2356\sb3\sl-218\slmult0 \up0 \expndtw-7\charscalex97 \ul0
\nosupersub\cf15\f16\fs19 -\ul0\nosupersub\cf16\f17\fs19 \ul0\nosupersub\cf2\f3
\fs19 Credit approval authority is assigned to individuals according to their q
ualifications and experience. \par\pard\qj \li2150\ri896\sb213\sl-230\slmult0 \u
p0 \expndtw-7\charscalex96 Certain groups of exposures/ facilities are managed u
nder product programs, which are approved by various levels of \up0 \expndtw-7\c
harscalex98 approving authorities as defined in the Credit Policy Manual. Each p
roduct program contains detailed credit criteria, \up0 \expndtw-8\charscalex98 r
egulatory, compliance and documentation requirements. \par\pard\qj \li2150\ri895
\sb215\sl-224\slmult0 \up0 \expndtw-6\charscalex100 The Bank uses internal risk
rating system to supplement the credit risk measurement procedure for all Corpor
ate \line \up0 \expndtw-6\charscalex100 and Commercial, and most of the Retail e
xposures. All in all, over 90% of all exposures are rated. All obligor risk \lin
e \up0 \expndtw-7\charscalex100 ratings are validated and approved by auth
orized personnel belonging to both the business units and risk \line \u
p0 \expndtw-7\charscalex100 management function. The Bank is currently involved
with external consultants to introduce more effective internal \line \up0 \expnd
tw-7\charscalex97 risk rating framework that will be aligned with the Foundation
Internal Ratings Based (FIRB) approach of the Basel II \line \up0 \expndtw-8\ch
arscalex97 accord. \par\pard\qj \li2150\ri899\sb203\sl-240\slmult0 \up0 \expndtw
-7\charscalex100 Stress testing on the credit portfolio is performed according t
o the guidelines issued by SBP at defined frequency. \line \up0 \expndtw-7\chars
calex100 The scope of stress testing is being expended to include scenarios in a
ddition to those defined in the SBP guidelines. \par\pard\qj \li2150\ri897\sb209
\sl-230\slmult0 \up0 \expndtw-6\charscalex100 The disbursement, administration
and monitoring of credit facilities are managed by Credit Administrat
ion \up0 \expndtw-7\charscalex100 Departments (CAD) linked to various business u
nits and operates under the CRO as part of the Risk Management \up0 \expndtw-8\c
harscalex100 Group. CAD is also responsible for collateral/ documents management
. \par\pard\qj \li2150\ri895\sb215\sl-225\slmult0 \up0 \expndtw-5\charscalex100
The Bank monitors its credit portfolio on continuing basis. Procedures are in pl
ace to identify, at an early stage, \up0 \expndtw-4\charscalex100 credit exposur
es for which there may be a risk of loss. The objective of an early warning syst
em is to address \up0 \expndtw-7\charscalex97 potential problems while various o
ptions may still be available. Early detection of problem advances is a tenet of
the \up0 \expndtw-5\charscalex100 Bank\u8217?s credit culture and is intended t
o ensure that greater attention is paid to such exposure. The Bank has an \up0 \
expndtw-7\charscalex100 established Remedial Assets function to focus on
expediting recoveries from problem credits. The function \up0 \expndtw-5\c
harscalex100 negotiates with problem borrowers and recommends restructuring and/
or rescheduling of stuck up loans to the \up0 \expndtw-7\charscalex100 senior m
anagement. Cases where the possibilities of economically viable means of recover
y are exhausted, legal \up0 \expndtw-6\charscalex100 proceedings are initiated.
The Bank follows the guidelines of SBP or the Regulators under which it is opera
ting in \up0 \expndtw-6\charscalex100 other countries for classification/ provis
ioning/ write-off of problem advances. \par\pard\ql \li2150\sb0\sl-218\slmult0 \
par\pard\ql\li2150\sb3\sl-218\slmult0 \up0 \expndtw-8\charscalex92 \ul0\nosupers
ub\cf1\f2\fs19 Country Risk \par\pard\qj \li2150\sb0\sl-223\slmult0 \par\pard\qj
\li2150\ri895\sb15\sl-223\slmult0 \up0 \expndtw-7\charscalex98 \ul0\nosupersub\c
f2\f3\fs19 The Bank has in place a comprehensive Country Risk Policy. Limits are
established for Cross Border Transfer Risk \line \up0 \expndtw-4\charscalex100
(CBTR) based on the ratings assigned by the internationally recognized rating ag
encies. The limit utilization is \line \up0 \expndtw-7\charscalex98 controlled a
t Head office level and country risk exposures are reported to BRMC at defined f
requency. CBTR arises \line \up0 \expndtw-6\charscalex100 from exposure to count
erparties in Countries other than the country where exposure is located. The Ban
k defines \line \up0 \expndtw-4\charscalex100 transfer risk as arising where an
otherwise solvent and willing debtor is unable to meet its obligation due to the
\line \up0 \expndtw-5\charscalex100 imposition of governmental or regulatory co
ntrols restricting its ability to perform under its obligation towards its \line
\up0 \expndtw-5\charscalex100 foreign liabilities. \par\pard\sect\sectd\fs24\pa
perw12240\paperh15840\pard\sb0\sl-240{\bkmkstart Pg46}{\bkmkend Pg46}\par\pard\q
l \li2150\sb0\sl-218\slmult0 \par\pard\ql\li2150\sb0\sl-218\slmult0 \par\pard\ql
\li2150\sb4\sl-218\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\f
s19 Market Risk Management \par\pard\qj \li2150\sb0\sl-220\slmult0 \par\pard\qj\
li2150\ri894\sb21\sl-220\slmult0 \up0 \expndtw-6\charscalex100 \ul0\nosupersub\c
f2\f3\fs19 It is the risk of loss due to adverse movements in market rates or pr
ices, such as foreign exchange rates, interest \up0 \expndtw-5\charscalex100 rat
es and equity prices. It emanates from the trading activities mainly carried out
by Treasury and investments/ \up0 \expndtw-8\charscalex95 structural positions
housed in banking book. \par\pard\qj \li2150\ri898\sb212\sl-230\slmult0 \up0 \ex
pndtw-6\charscalex100 Market risk at the Bank level is managed by the RMG under
the supervision of ALCO supported by the Treasury \up0 \expndtw-6\charscalex100
Middle Office (TMO). The Bank carries a limited amount of market risk the bulk o
f which is located in the banking \up0 \expndtw-6\charscalex100 book stemming fr
om the mismatches in structural assets and liabilities positions. \par\pard\ql \
li2510\sb0\sl-218\slmult0 \par\pard\ql\li2510\sb2\sl-218\slmult0 \up0 \expndtw-8
\charscalex93 \ul0\nosupersub\cf1\f2\fs19 Interest Rate Risk \par\pard\qj \li251
0\sb0\sl-224\slmult0 \par\pard\qj\li2510\ri895\sb14\sl-224\slmult0 \up0 \expndtw

-4\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Interest rate risk is the risk that
an investment's value will change due to a change in the absolute level of \lin
e \up0 \expndtw-5\charscalex100 interest rates i.e. the spread between two rates
, in the shape of the yield curve, or in any other interest rate \line \up0 \exp
ndtw-7\charscalex97 relationship. Substantial part of the Bank\u8217?s assets an
d liabilities are subject to floating rates hence are re-priced \line \up0 \expn
dtw-5\charscalex100 simultaneously. However, the Bank is exposed to interest rat
e risk as a result of mismatches on a relatively \line \up0 \expndtw-4\charscale
x100 small part of its assets and liabilities. The major portion related to this
risk is reflected in the banking book \line \up0 \expndtw-1\charscalex100 owing
to the retail activities and investments qualifying for statutory reserve requi
rements. The overall \line \up0 \expndtw-5\charscalex100 potential impact of the
mismatches on the earnings in short term and economic value of the portfolio in
the \line \up0 \expndtw-6\charscalex100 long term is not material and is being
managed with in the tolerance limits approved by the Board. The Bank \line \up0
\expndtw-6\charscalex100 uses simulation and duration gap models to measure and
monitor the interest rate sensitivity on the potential \line \up0 \expndtw-7\cha
rscalex100 earnings and the Bank\u8217?s economic value of equity. \par\pard\ql
\li2510\sb0\sl-218\slmult0 \par\pard\ql\li2510\sb3\sl-218\slmult0 \up0 \expndtw8\charscalex89 \ul0\nosupersub\cf1\f2\fs19 Foreign Exchange Risk \par\pard\qj \l
i2510\sb0\sl-220\slmult0 \par\pard\qj\li2510\ri895\sb21\sl-220\slmult0 \up0 \exp
ndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The Bank\u8217?s assets are typ
ically funded in the same currency as that of the business transacted to elimina
te \up0 \expndtw-6\charscalex100 foreign exchange exposure. However, the Bank is
obliged to maintain a reasonable open position in various \up0 \expndtw-6\chars
calex100 currencies resulting from the sizeable trade related transactions handl
ed across the Bank. Foreign exchange \up0 \expndtw-4\charscalex100 risks are con
trolled and monitored through the limits approved by ALCO within the overall lim
it advised by \up0 \expndtw-7\charscalex100 SBP. The regulatory limit for foreig
n exchange is relatively small compared to the size of the Bank; hence, the \up0
\expndtw-8\charscalex100 risk generated through foreign exchange activities is
insignificant. \par\pard\qj \li2510\sb0\sl-220\slmult0 \par\pard\qj\li2510\ri891
\sb20\sl-220\slmult0 \up0 \expndtw-3\charscalex100 End-of-the-day positions are
marked to market daily according to the guidelines of SBP and sensitivity is \up
0 \expndtw-4\charscalex100 conducted in line with the internal market risk polic
y of the Bank. The intra- day positions are managed by \up0 \expndtw-5\charscale
x100 treasury through stop loss/ dealers limits. \par\pard\ql \li2150\sb0\sl-218
\slmult0 \par\pard\ql\li2150\sb24\sl-218\slmult0 \up0 \expndtw-8\charscalex93 \u
l0\nosupersub\cf1\f2\fs19 Liquidity Risk Management \par\pard\qj \li2150\ri889\s
b218\sl-224\slmult0 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf2\f3\fs19 Li
quidity risk is the risk that the Bank will be unable to meet its cash flow obli
gations as they become due, because \up0 \expndtw-6\charscalex100 of an inabilit
y to liquidate assets, or to obtain adequate funding. ALCO has the responsibilit
y for the formulation of \up0 \expndtw-6\charscalex100 overall strategy and over
sight of the asset liability management. The Bank follows a comprehensive liqu
idity risk \up0 \expndtw-5\charscalex100 management policy duly approved by ALCO
and the Board. The policy stipulates maintenance of various ratios, \up0 \expnd
tw-7\charscalex100 funding preferences, and evaluation of Bank\u8217?s liquidity
under normal and crisis situation (stress testing). To comply \up0 \expndtw-7\c
harscalex98 with the policy, the Bank has also conducted a behavioral study on i
ts demand deposits to evaluate their stickiness, \up0 \expndtw-5\charscalex100 w
hich may not reflect in their maturity profile. Such evaluation forms part of th
e liquidity management process to \up0 \expndtw-6\charscalex100 realistically pr
oject the reliance on such funding sources. As a result of close monitoring and
strict policy towards \up0 \expndtw-7\charscalex100 reliance on core deposit, th
e Bank has been able to avoid concentration/ reliance on volatile deposit in its
books. A \up0 \expndtw-7\charscalex100 comprehensive contingency plan to deal w
ith crisis situation is also in place. \par\pard\ql \li2150\sb0\sl-218\slmult0 \
par\pard\ql\li2150\sb23\sl-218\slmult0 \up0 \expndtw-8\charscalex96 \ul0\nosuper
sub\cf1\f2\fs19 Operational Risk Management (ORM) \par\pard\qj \li2150\ri894\sb2

17\sl-225\slmult0 \up0 \expndtw-6\charscalex100 \ul0\nosupersub\cf2\f3\fs19 In
line with the approved Operational Risk Management Policy, Bank has in
stituted an Operational Risk \line \up0 \expndtw-6\charscalex100 Management D
ivision (ORMD). Operational Risk Management Policy and a detailed ORM Framework
has been \line \up0 \expndtw-7\charscalex98 prepared and implemented. Operati
onal Risk Coordinators (ORCs) have been assigned from more than 20 \li
ne \up0 \expndtw-7\charscalex100 departments of the Bank being responsible for i
mplementation of the ORM Framework in coordination with ORMD. \line \up0 \expndt
w-7\charscalex97 The Bank has been granted permission/certification by SBP to mo
ve to the more advanced approach i.e, Alternative \line \up0 \expndtw-7\charscal
ex96 Standardised Approach (ASA) under Basel II with a capital floor i.e., opera
tional risk charge under ASA should not fall \line \up0 \expndtw-7\charscalex100
below a certain percentage of operational risk capital charge calculated under
BIA for initial 3 years . Capital floors \line \up0 \expndtw-7\charscalex100 are
90% for 2012, 80% for 2013 and 70% for 2014. HBL is the first Pakistani bank to
achieve this milestone. \par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\
sb0\sl-240{\bkmkstart Pg47}{\bkmkend Pg47}\par\pard\qj \li2150\sb0\sl-224\slmult
0 \par\pard\qj\li2150\sb0\sl-224\slmult0 \par\pard\qj\li2150\sb0\sl-224\slmult0
\par\pard\qj\li2150\ri896\sb23\sl-224\slmult0 \up0 \expndtw-7\charscalex100 \ul0
\nosupersub\cf2\f3\fs19 The Bank\u8217?s ORM framework and practices address all
the significant areas of ORM within the Bank including Risk \up0 \expndtw-7\cha
rscalex96 Control Self Assessment (RCSA), Key Risk Indicators, Operationa
l Loss Data Management, Operational Risk \up0 \expndtw-7\charscalex97 Repor
ting, Capital Calculation etc. Detailed RCSA exercises are conducted at regular
intervals across the Bank, the \up0 \expndtw-6\charscalex100 results of which ar
e continually evaluated against the losses. Operational loss data collection and
evaluation has \up0 \expndtw-5\charscalex100 been underway since 2009. The Bank
has also established Key Risk Indicators (KRI) and is monitoring them at \up0 \
expndtw-5\charscalex100 regular intervals. Operational risk reports are regularl
y submitted to the senior management. \par\pard\ql \li2150\sb0\sl-218\slmult0 \p
ar\pard\ql\li2150\sb3\sl-218\slmult0 \up0 \expndtw-8\charscalex94 \ul0\nosupersu
b\cf1\f2\fs19 Derivatives risk management \par\pard\ql \li2150\sb3\sl-218\slmult
0 \up0 \expndtw-7\charscalex95 \ul0\nosupersub\cf2\f3\fs19 There are a number of
risks undertaken by the Bank, which need to be monitored and assessed. \par\par
d\ql \li2150\sb0\sl-218\slmult0 \par\pard\ql\li2150\sb25\sl-218\slmult0 \up0 \ex
pndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 Credit Risk \par\pard\qj \li215
0\ri896\sb0\sl-224\slmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf2\f3\
fs19 Credit risk refers to the risk of non-performance or default by a party (a
customer, guarantor, trade counterparty, \line \up0 \expndtw-5\charscalex100 thi
rd party, etc.), resulting in an adverse impact on the Bank\u8217?s profitabilit
y. Credit risk associated with derivatives \line \up0 \expndtw-5\charscalex100 t
ransactions is categorized into settlement risk and pre-settlement risk. The cre
dit limit proposals for derivatives \line \up0 \expndtw-3\charscalex100 transact
ions are reviewed by the MTR Head who recommends appropriate limits to the Credi
t Committee for \line \up0 \expndtw-7\charscalex97 approval. The credit exposure
of each counterparty is estimated and monitored by Treasury Middle Office on a
daily \line \up0 \expndtw-8\charscalex87 basis. \par\pard\ql \li2150\sb0\sl-218\
slmult0 \par\pard\ql\li2150\sb21\sl-218\slmult0 \up0 \expndtw-8\charscalex93 \ul
0\nosupersub\cf1\f2\fs19 Market Risk \par\pard\qj \li2150\ri895\sb0\sl-226\slmul
t0 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf2\f3\fs19 The Bank, as a poli
cy, hedges back-to-back all Options transactions. In addition, the Bank does not
carry any \up0 \expndtw-7\charscalex98 exchange risk on its Cross Currency Swap
s portfolio as it hedges the exposure in the interbank market. To manage \up0 \e
xpndtw-7\charscalex98 the interest rate risk of Interest Rate Derivatives, the B
ank has implemented various limits which are monitored and \up0 \expndtw-8\chars
calex98 reported by Treasury Middle Office on a daily basis. \par\pard\ql \li215
Liquidity Risk \par\pard\ql \li2150\sb3\sl-218\slmult0 \up0 \expndtw-7\charscale
x97 \ul0\nosupersub\cf2\f3\fs19 Derivatives transactions, usually being non-fund
ed in nature, do not carry a specific funding liquidity risk. \par\pard\qj \li21

50\ri895\sb0\sl-226\slmult0 \up0 \expndtw-3\charscalex100 The liquidity risk ari
ses from the fact that in Pakistan interest rate derivatives generally have a un
i-directional \up0 \expndtw-5\charscalex100 demand, and no perfect hedge is avai
lable. The Bank mitigates its risk by limiting the portfolio in terms of tenor,
\up0 \expndtw-2\charscalex100 notional and sensitivity limits, and can also hedg
e its risk by taking on and off balance sheet positions in the \up0 \expndtw-8\c
harscalex96 interbank market, where available. \par\pard\ql \li2150\sb217\sl-218
\slmult0 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 Operational ri
sk \par\pard\qj \li2150\ri895\sb19\sl-222\slmult0 \up0 \expndtw-7\charscalex100
\ul0\nosupersub\cf2\f3\fs19 The staff involved in the process of trading, settle
ment and risk management of derivatives are carefully trained to \up0 \expndtw-2
\charscalex100 deal with the complexities involved in the process. Adequate syst
ems and controls are in place to carry out \up0 \expndtw-3\charscalex100 derivat
ives transactions smoothly. Each transaction is processed in accordance with th
e product program or \up0 \expndtw-2\charscalex100 transaction memo, which conta
ins detailed accounting and operational aspects of the transaction to further \u
p0 \expndtw-6\charscalex100 mitigate operational risk. In addition, the Treasury
Middle Office and the Compliance and Control Department are \up0 \expndtw-7\cha
rscalex100 assigned the responsibility of monitoring any deviation from po
licies and procedures. The Bank\u8217?s Audit and \up0 \expndtw-4\charscal
ex100 Inspection Group also reviews this function, which covers regular review o
f systems, transactional processes, \up0 \expndtw-8\charscalex94 accounting prac
tices and end-user roles and responsibilities. \par\pard\qj \li2150\sb0\sl-220\s
lmult0 \par\pard\qj\li2150\ri895\sb20\sl-220\slmult0 \up0 \expndtw-7\charscalex1
00 The Bank uses a derivatives system which provides an end-to-end val
uation solution, supports the routine \up0 \expndtw-6\charscalex100 transact
ional process and provides analytical tools to measure various risk exposures, c
arry out stress tests and \up0 \expndtw-7\charscalex96 sensitivity analysis. Tre
asury Middle Office produces various reports for higher management (BoD, BRMC, M
RC, etc) \up0 \expndtw-7\charscalex96 on a periodic basis. These reports provide
details of the derivatives business profile containing outstanding positions, \
up0 \expndtw-7\charscalex96 profitability, risk exposures and the status of comp
liance with limits. \par\pard\ql \li2150\sb0\sl-218\slmult0 \par\pard\ql\li2150\
sb24\sl-218\slmult0 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 Ris
k Management alignment with Basel II project \par\pard\qj \li2150\ri895\sb218\sl
-223\slmult0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 The Bank i
s one of the few financial institutions in Pakistan planning to adopt the Founda
tion Internal Ratings Based \line \up0 \expndtw-4\charscalex100 (FIRB) Approach
for credit risk and Internal Models Approach (IMA) for Market Risk (Alternate
Standardized \line \up0 \expndtw-7\charscalex97 Approach for operational risk h
as already been adopted) under the Basel II Framework and consequently enhancing
\line \up0 \expndtw-7\charscalex97 the quality of risk management processes, me
thodologies, systems and reporting. In order to undertake the Basel II \line \up
0 \expndtw-5\charscalex100 initiatives in a systematic manner and in full compli
ance with the related requirements, the Bank has sought the \line \up0 \expndtw5\charscalex100 services of an international firm. Bank's Basel II Program inclu
des a number of aspects involving organizational \line \up0 \expndtw-6\charscale
x100 alignments, enhancements in the existing policies, procedures, processes an
d controls, development of new risk \line \up0 \expndtw-4\charscalex100 framewor
ks, existing system upgrades, selection and deployment of various risk applicati
ons, development of \line \up0 \expndtw-7\charscalex100 advanced risk management
tools and methodologies and introduction of improved risk reporting MIS. A lot
of effort \line \up0 \expndtw-3\charscalex100 has already gone into aligning Ban
k\u8217?s risk management structure, policies, procedures and systems with the
\line \up0 \expndtw-7\charscalex100 requirements of Basel II while the remaining
initiatives are currently being undertaken in an integrated manner with \line \
up0 \expndtw-8\charscalex100 plans for completion in due course. \par\pard\sect\
sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart Pg48}{\bkmkend Pg4
8}\par\pard\qj \li2150\sb0\sl-225\slmult0 \par\pard\qj\li2150\sb0\sl-225\slmult0
\par\pard\qj\li2150\ri895\sb205\sl-225\slmult0 \up0 \expndtw-7\charscalex98 \ul

0\nosupersub\cf2\f3\fs19 The Bank also realizes the criticality of quality human
resource and is already in the process of augmenting the skill \up0 \expndtw-4\
charscalex100 set by necessary induction and training measures to enable underta
king of planned initiatives and consistently \up0 \expndtw-4\charscalex100 imple
menting the new risk management framework in line with Basel II. Once completed,
the Bank expects to \up0 \expndtw-7\charscalex100 achieve a number of significa
nt business benefits from its Basel II program with more robust risk management
and \up0 \expndtw-7\charscalex100 internal control environment in line with inte
rnational best practices. \par\pard\qj \li2150\sb0\sl-220\slmult0 \par\pard\qj\l
i2150\ri896\sb20\sl-220\slmult0 \up0 \expndtw-7\charscalex100 Bank is currently
engaged in the deployment of a comprehensive suite of advanced systems for Loan
Origination, \line \up0 \expndtw-7\charscalex98 Credit Administration/ Collatera
l Management, and Internal Risk Ratings as part of FIRB related initiatives for
credit \line \up0 \expndtw-8\charscalex98 risk. \par\pard\li1670\sb0\sl-218\slmu
lt0\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb28\sl-218\slmult0\fi0\t
x2140 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 38.\tab \up0 \exp
ndtw-8\charscalex93 CAPITAL ADEQUACY\par\pard\qj \li2140\ri1085\sb219\sl-220\slm
ult0 \up0 \expndtw-7\charscalex95 \ul0\nosupersub\cf2\f3\fs19 The risk weighted
assets to capital ratio, calculated in accordance with the SBP's guidelines on c
apital adequacy was \up0 \expndtw-8\charscalex95 as follows:-\par\pard\li1670\sb
0\sl-218\slmult0\par\pard\li1670\sb24\sl-218\slmult0\fi0\tx2140\tx9268\tx10391 \
up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 38.1\tab \up0 \expndtw-8
\charscalex94 Regulatory Capital Base\tab \up0 \expndtw-8\charscalex94 2012\tab
\up0 \expndtw-8\charscalex94 2011\par\pard\ql \li9350\sb3\sl-218\slmult0 \up0 \e
xpndtw-8\charscalex96 (Rupees in '000) \par\pard\li2140\sb0\sl-218\slmult0\par\p
ard\li2140\sb0\sl-218\slmult0\par\pard\li2140\sb59\sl-218\slmult0\fi0 \up0 \expn
dtw-8\charscalex95 Tier 1 Capital\par\pard\li2140\sb18\sl-218\slmult0\fi0\tx9124
\tx10195 \up0 \expndtw-8\charscalex95 1.1 \ul0\nosupersub\cf2\f3\fs19 Fully Pai
d-up capital\tab \up0 \expndtw-8\charscalex95 12,122,748\tab \up0 \expndtw-8\cha
rscalex95 11,020,680\par\pard\li2140\sb3\sl-218\slmult0\fi0\tx9124\tx10233 \up0
\expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 1.2 \ul0\nosupersub\cf2\f3\f
s19 General Reserves as disclosed on the Balance Sheet\tab \up0 \expndtw-8\char
scalex95 24,114,527\tab \up0 \expndtw-8\charscalex95 21,958,110\par\pard\li2140\
sb9\sl-218\slmult0\fi0\tx9100\tx10176 \up0 \expndtw-7\charscalex96 \ul0\nosupers
ub\cf1\f2\fs19 1.3 \ul0\nosupersub\cf2\f3\fs19 Un-appropriated/ un-remitted pro
fits (net of accumulated losses, if any)\tab \up0 \expndtw-8\charscalex95 62,128
,562\tab \up0 \expndtw-8\charscalex95 52,228,646\par\pard\li9072\sb18\sl-218\slm
ult0\fi0\tx10176 \up0 \expndtw-8\charscalex100 98,365,837\tab \up0 \expndtw-8\ch
arscalex100 85,207,436\par\pard\ql \li2140\sb215\sl-218\slmult0 \up0 \expndtw-8\
charscalex92 \ul0\nosupersub\cf1\f2\fs19 Deductions: \par\pard\li2140\sb0\sl-218
\slmult0\par\pard\li2140\sb36\sl-218\slmult0\fi0\tx9331\tx10425 \up0 \expndtw-8\
charscalex96 1.4 \ul0\nosupersub\cf2\f3\fs19 Book value of intangibles\tab \up0
rd\li2140\sb8\sl-218\slmult0\fi0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf
1\f2\fs19 1.5 \ul0\nosupersub\cf2\f3\fs19 Shortfall in provisions required agai
nst classified assets irrespective of any\par\pard\li2140\sb9\sl-218\slmult0\fi4
94\tx9196\tx10516 \up0 \expndtw-8\charscalex96 relaxation allowed.\tab \up0 \exp
ndtw-8\charscalex96 2,758,267\tab \up0 \expndtw-8\charscalex96 -\par\pard\li2140
\sb8\sl-218\slmult0\fi0\tx2505 \up0 \expndtw-8\charscalex96 \ul0\nosupersub\cf1\
f2\fs19 1.6\tab \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf2\f3\fs19 50% Inv
estments in equity and other regulatory capital of majority owned\par\pard\li214
0\sb9\sl-218\slmult0\fi494\tx9192\tx10281 \up0 \expndtw-7\charscalex97 Securitie
s or other financial subsidiaries not consolidated in the balance sheet\tab \up0
\expndtw-8\charscalex96 4,253,813\tab \up0 \expndtw-8\charscalex96 3,613,443\pa
r\pard\li2140\sb18\sl-218\slmult0\fi7084\tx10305 \up0 \expndtw-8\charscalex95 7,
mult0\par\pard\li2140\sb26\sl-218\slmult0\fi0\tx9072\tx10219 \up0 \expndtw-8\cha
rscalex95 \ul0\nosupersub\cf1\f2\fs19 Total eligible Tier 1 capital\tab \up0 \ex
pndtw-8\charscalex95 \ul0\nosupersub\cf2\f3\fs19 90,674,730\tab \up0 \expndtw-8\
charscalex95 81,316,525\par\pard\li2140\sb9\sl-218\slmult0\fi0 \up0 \expndtw-8\c

harscalex95 \ul0\nosupersub\cf1\f2\fs19 Supplementary Capital\par\pard\li2140\sb
3\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex95 Tier 2 Capital\par\pard\li2140
\sb9\sl-218\slmult0\fi0 \up0 \expndtw-7\charscalex96 2.1 \ul0\nosupersub\cf2\f3\
fs19 General Provisions or general reserves for loan losses-up to maximum\par\p
ard\li2140\sb18\sl-218\slmult0\fi494\tx9211\tx10415 \up0 \expndtw-8\charscalex95
of 1.25% of Risk Weighted Assets\tab \up0 \expndtw-8\charscalex95 1,310,855\tab
\up0 \expndtw-8\charscalex95 808,610\par\pard\li2140\sb9\sl-218\slmult0\fi0\tx9
177\tx10271 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 2.2 \ul0\no
supersub\cf2\f3\fs19 Revaluation Reserves up to 45%\tab \up0 \expndtw-8\charsca
lex95 6,414,666\tab \up0 \expndtw-8\charscalex95 3,878,874\par\pard\li2140\sb4\s
l-218\slmult0\fi0\tx9110\tx10267 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf
1\f2\fs19 2.3 \ul0\nosupersub\cf2\f3\fs19 Foreign Exchange Translation Reserves
arscalex96 \ul0\nosupersub\cf1\f2\fs19 2.4 \ul0\nosupersub\cf2\f3\fs19 Subordi
nated debt -upto maximum of 50% of Total eligible Tier 1 capital\tab \up0 \expnd
tw-8\charscalex95 485,749\tab \up0 \expndtw-8\charscalex95 1,798,914\par\pard\li
2140\sb19\sl-218\slmult0\fi0\tx9052\tx10209 \up0 \expndtw-8\charscalex95 \ul0\no
supersub\cf1\f2\fs19 Total tier 2 Capital\tab \up0 \expndtw-8\charscalex95 \ul0\
nosupersub\cf2\f3\fs19 20,434,240\tab \up0 \expndtw-8\charscalex95 14,731,984\pa
xpndtw-8\charscalex95 \ul0\nosupersub\cf1\f2\fs19 Deductions:\par\pard\li2140\sb
8\sl-218\slmult0\fi0\tx2505 \up0 \expndtw-8\charscalex95 2.5\tab \up0 \expndtw-7
\charscalex96 \ul0\nosupersub\cf2\f3\fs19 50% Investments in equity and other re
gulatory capital of majority owned\par\pard\li2140\sb9\sl-218\slmult0\fi494\tx94
03\tx10516 \up0 \expndtw-7\charscalex96 securities or other financial subsidiari
es not consolidated in the balance sheet\tab \up0 \expndtw-8\charscalex95 -\tab
\up0 \expndtw-8\charscalex95 -\par\pard\li2140\sb4\sl-218\slmult0\fi7051\tx10281
43\par\pard\li2140\sb0\sl-218\slmult0\par\pard\li2140\sb16\sl-218\slmult0\fi0\tx
9115\tx10271 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 Total elig
ible Tier 2 Capital\tab \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19
18\slmult0\par\pard\li2140\sb21\sl-218\slmult0\fi0\tx9024\tx10166 \up0 \expndtw8\charscalex94 \ul0\nosupersub\cf1\f2\fs19 Total Eligible Capital (1+2)\tab \up0
\expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 106,855,157\tab \up0 \expnd
tw-8\charscalex94 92,435,066
}
}}
}

}}
}
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}
}}
}
}}
}
}}
}

}}
}
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}
}}
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}

}}
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}
}}
}
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}

}}
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}}
}
}}
}

}}
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}}
}
}}
}
}}
}

}}
}
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}}
}
}}
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}}
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}
}}
}
}}
}
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}

}}
}
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}
}}
}
}}
}

}}
}
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}
}}
}
}}
}
}}
}

}}
}
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}}
}
}}
}
}}
}

}}
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}}
}
}}
}
}}
}
}}
}

}}
}
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}
}}
}
}}
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}}
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}
}}
}
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}
}}
}

}}
}
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}}
}
}}
}
}}
}

}}
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}}
}
}}
}
}}
}
}}
}

}}
}
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}}
}
}}
}
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}

}}
}
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}
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}
}}
}
}}
}

}}
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}
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}

}}
}
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}}
}
}}
}

}}
}
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}
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}
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}
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}

}}
}
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}
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}

}}
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}

}}
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}
}}
}
}}
}

\fi0\tx7190\tx9283 \dn3 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 38.2
Risk-Weighted Exposures\tab \up0 \expndtw-7\charscalex93 \ul0\nosupersub\cf3\f4
\fs17 Capital Requirements\tab \up0 \expndtw-7\charscalex93 Risk Weighted Assets
dtw-2\charscalex100 Note\tab \up0 \expndtw-2\charscalex100 2012\tab \up0 \expndt
w-2\charscalex100 2011\tab \up0 \expndtw-2\charscalex100 2012\tab \up0 \expndtw2\charscalex100 2011\par\pard\li6556\sb3\sl-195\slmult0\fi585 \up0 \expndtw-2\ch
arscalex100 --------------------(Rupees in '000) ---------------------\par\pard\
li2059\sb0\sl-195\slmult0\par\pard\li2059\sb67\sl-195\slmult0\fi0 \up0 \expndtw7\charscalex94 Credit Risk\par\pard\li2059\sb8\sl-195\slmult0\fi0 \up0 \expndtw7\charscalex94 On-balance sheet\par\pard\li2059\sb27\sl-195\slmult0\fi0\tx7267\t
x8212\tx9230\tx10324 \up0 \expndtw-7\charscalex94 \ul0\nosupersub\cf4\f5\fs17 Ot
her sovereigns, GOP, PG, SBP other than PKR\tab \up0 \expndtw-7\charscalex94 4,5
-195\slmult0\fi0\tx7420\tx8356\tx9355\tx10449 \up0 \expndtw-7\charscalex94 PSE's
,542,715\par\pard\li2059\sb8\sl-195\slmult0\fi0\tx7281\tx8275\tx9244\tx10401 \up
0 \expndtw-7\charscalex94 Banks\tab \up0 \expndtw-7\charscalex94 1,663,124\tab \
\fi0\tx7152\tx8145\tx9134\tx10233 \up0 \expndtw-7\charscalex94 Corporates\tab \u
\up0 \expndtw-7\charscalex94 Retail Portfolio\tab \up0 \expndtw-7\charscalex94
\sl-195\slmult0\fi0\tx7425\tx8366\tx9350\tx10440 \up0 \expndtw-7\charscalex94 Se
cured by residential property\tab \up0 \expndtw-7\charscalex94 271,415\tab \up0
\expndtw-7\charscalex94 231,560\tab \up0 \expndtw-7\charscalex94 2,714,153\tab \
up0 \expndtw-7\charscalex94 2,315,598\par\pard\li2059\sb8\sl-195\slmult0\fi0\tx7
247\tx8366\tx9220\tx10449 \up0 \expndtw-7\charscalex94 Past due loans\tab \up0 \
expndtw-7\charscalex94 1,034,368\tab \up0 \expndtw-7\charscalex94 917,806\tab \u
dtw-7\charscalex94 Listed Equity investments\tab \up0 \expndtw-7\charscalex94 70
7,063,387\tab \up0 \expndtw-7\charscalex94 4,379,553\par\pard\li2059\sb3\sl-195\
slmult0\fi0\tx7367\tx8342\tx9316\tx10420 \up0 \expndtw-7\charscalex94 Unlisted e
quity investments\tab \up0 \expndtw-7\charscalex94 354,689\tab \up0 \expndtw-7\c
harscalex94 629,290\tab \up0 \expndtw-7\charscalex94 3,546,891\tab \up0 \expndtw
-7\charscalex94 6,292,902\par\pard\li2059\sb7\sl-195\slmult0\fi0\tx7247\tx8222\t
x9211\tx10353 \up0 \expndtw-7\charscalex94 Investments in fixed assets\tab \up0
,795\par\pard\li2059\sb13\sl-195\slmult0\fi0\tx7295\tx8246\tx9278\tx10377 \up0 \
expndtw-7\charscalex94 Other assets\tab \up0 \expndtw-7\charscalex94 1,138,813\t
mult0\fi5121\tx8126\tx9124\tx10252 \up0 \expndtw-7\charscalex97 39,726,831\tab \
up0 \expndtw-7\charscalex97 37,566,068\tab \up0 \expndtw-7\charscalex97 397,268,
324\tab \up0 \expndtw-7\charscalex97 375,660,676\par\pard\li2059\sb7\sl-195\slmu
lt0\fi0 \up0 \expndtw-7\charscalex97 \ul0\nosupersub\cf3\f4\fs17 Off-balance she
et\par\pard\li2059\sb18\sl-195\slmult0\fi0\tx7233\tx8212\tx9196\tx10329 \up0 \ex
pndtw-7\charscalex97 \ul0\nosupersub\cf4\f5\fs17 Non-market related\tab \up0 \ex

6\par\pard\li2059\sb12\sl-195\slmult0\fi0\tx7420\tx8361\tx9340\tx10425 \up0 \exp
ndtw-7\charscalex97 Market related\tab \up0 \expndtw-7\charscalex97 106,811\tab
\up0 \expndtw-7\charscalex97 185,309\tab \up0 \expndtw-7\charscalex97 1,068,107\
tab \up0 \expndtw-7\charscalex97 1,853,089\par\pard\li2059\sb22\sl-195\slmult0\f
i5198\tx8236\tx9244\tx10344 \up0 \expndtw-7\charscalex94 9,735,220\tab \up0 \exp
ndtw-7\charscalex94 6,878,165\tab \up0 \expndtw-7\charscalex94 97,352,193\tab \u
p0 \expndtw-7\charscalex94 68,781,645\par\pard\li2059\sb8\sl-195\slmult0\fi0 \up
0 \expndtw-7\charscalex94 \ul0\nosupersub\cf3\f4\fs17 Market Risk\par\pard\li205
9\sb21\sl-195\slmult0\fi0\tx7300\tx8203\tx9230\tx10353 \up0 \expndtw-7\charscale
x94 \ul0\nosupersub\cf4\f5\fs17 Interest Rate Risk\tab \up0 \expndtw-7\charscale
\sb8\sl-195\slmult0\fi0\tx7363\tx8356\tx9321\tx10468 \up0 \expndtw-7\charscalex9
4 Equity Position Risk\tab \up0 \expndtw-7\charscalex94 640,962\tab \up0 \expndt
w-7\charscalex94 297,342\tab \up0 \expndtw-7\charscalex94 8,012,025\tab \up0 \ex
pndtw-7\charscalex94 3,716,772\par\pard\li2059\sb8\sl-195\slmult0\fi0\tx7252\tx8
222\tx9196\tx10348 \up0 \expndtw-7\charscalex94 Foreign Exchange Risk\tab \up0 \
697\par\pard\li2059\sb22\sl-195\slmult0\fi5193\tx8222\tx9134\tx10358 \up0 \expnd
8\tx8232\tx9167\tx10315 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf3\f4\fs17
Operational Risk \ul0\nosupersub\cf4\f5\fs17 (Restricted to 90% of Basic Indica
tor Approach)\tab \up0 \expndtw-7\charscalex96 8,588,908\tab \up0 \expndtw-7\cha
rscalex96 7,864,214\tab \up0 \expndtw-7\charscalex96 107,361,353\tab \up0 \expnd
sb28\sl-195\slmult0\fi5481\tx8135\tx9134\tx10281 \up0 \expndtw-7\charscalex94 66
lex94 705,636,532\tab \up0 \expndtw-7\charscalex94 610,077,214\par\pard\li1670\s
b0\sl-195\slmult0\par\pard\li1670\sb58\sl-195\slmult0\fi388 \up0 \expndtw-7\char
scalex94 \ul0\nosupersub\cf3\f4\fs17 Capital adequacy ratio\par\pard\li1670\sb0\
sl-195\slmult0\par\pard\li1670\sb14\sl-195\slmult0\fi388\tx6571\tx7113\tx8121 \u
p0 \expndtw-7\charscalex94 Total eligible regulatory capital held\tab \up0 \expn
dtw-7\charscalex94 \ul0\nosupersub\cf4\f5\fs17 38.1\tab \up0 \expndtw-7\charscal
ex94 106,855,157\tab \up0 \expndtw-7\charscalex94 92,435,066\par\pard\li1670\sb0
\sl-195\slmult0\par\pard\li1670\sb14\sl-195\slmult0\fi388\tx6561\tx7080\tx8078 \
up0 \expndtw-7\charscalex94 \ul0\nosupersub\cf3\f4\fs17 Total risk weighted asse
ts\tab \up0 \expndtw-7\charscalex94 \ul0\nosupersub\cf4\f5\fs17 38.2\tab \up0 \e
xpndtw-7\charscalex94 705,636,532\tab \up0 \expndtw-7\charscalex94 610,077,214\p
15\tx8404 \up0 \expndtw-7\charscalex94 \ul0\nosupersub\cf3\f4\fs17 Capital adequ
acy ratio\tab \up0 \expndtw-7\charscalex94 15.14%\tab \up0 \expndtw-7\charscalex
94 15.15%\par\pard\li1670\sb0\sl-218\slmult0\par\pard\li1670\sb0\sl-218\slmult0\
par\pard\li1670\sb81\sl-218\slmult0\fi0 \up0 \expndtw-8\charscalex94 \ul0\nosupe
rsub\cf1\f2\fs19 38.3 Types of Exposures and ECAI's used\par\pard\li1670\sb0\sl218\slmult0\par\pard\li1670\sb25\sl-218\slmult0\fi446\tx6585\tx7473\tx8275\tx919
6\tx10531 \up0 \expndtw-8\charscalex94 Exposures\tab \up0 \expndtw-8\charscalex9
4 JCR-VIS\tab \up0 \expndtw-8\charscalex94 PACRA\tab \up0 \expndtw-8\charscalex9
4 MOODYs\tab \up0 \expndtw-8\charscalex94 STANDARD\tab \up0 \expndtw-8\charscale
x94 ECA\par\pard\li2116\sb9\sl-218\slmult0\fi7199\tx10358 \up0 \expndtw-8\charsc
alex84 & POOR\tab \up0 \expndtw-8\charscalex84 SCORES\par\pard\li2116\sb23\sl-21
8\slmult0\fi0\tx6806\tx7660 \up0 \expndtw-8\charscalex84 \ul0\nosupersub\cf2\f3\
fs19 PSE's\tab \up0 \expndtw-8\charscalex84 \ul0\nosupersub\cf20\f21\fs19 \u-384
4?\ul0\nosupersub\cf2\f3\fs19 \u-3844?\tab \up0 \expndtw-8\charscalex84 \ul0\nos
upersub\cf20\f21\fs19 \u-3844?\ul0\nosupersub\cf2\f3\fs19 \u-3844?\par\pard\li21
16\sb13\sl-218\slmult0\fi0\tx6806\tx7660\tx8563 \up0 \expndtw-8\charscalex84 Ban

ks\tab \up0 \expndtw-8\charscalex84 \ul0\nosupersub\cf20\f21\fs19 \u-3844?\ul0\n
osupersub\cf2\f3\fs19 \u-3844?\tab \up0 \expndtw-8\charscalex84 \ul0\nosupersub\
cf20\f21\fs19 \u-3844?\ul0\nosupersub\cf2\f3\fs19 \u-3844?\tab \up0 \expndtw-8\c
harscalex84 \ul0\nosupersub\cf20\f21\fs19 \u-3844?\ul0\nosupersub\cf2\f3\fs19 \u
-3844?\par\pard\li2116\sb23\sl-218\slmult0\fi0\tx6806\tx7660 \up0 \expndtw-8\cha
rscalex84 Corporates\tab \up0 \expndtw-8\charscalex84 \ul0\nosupersub\cf20\f21\f
s19 \u-3844?\ul0\nosupersub\cf2\f3\fs19 \u-3844?\tab \up0 \expndtw-8\charscalex8
4 \ul0\nosupersub\cf20\f21\fs19 \u-3844?\ul0\nosupersub\cf2\f3\fs19 \u-3844?\par
\pard\li2116\sb23\sl-218\slmult0\fi0\tx8563\tx9571\tx10603 \up0 \expndtw-8\chars
calex84 Sovereigns and GOP other than PKR\tab \up0 \expndtw-8\charscalex84 \ul0\
nosupersub\cf20\f21\fs19 \u-3844?\ul0\nosupersub\cf2\f3\fs19 \u-3844?\tab \up0 \
expndtw-8\charscalex84 \ul0\nosupersub\cf20\f21\fs19 \u-3844?\ul0\nosupersub\cf2
\f3\fs19 \u-3844?\tab \up0 \expndtw-8\charscalex84 \ul0\nosupersub\cf20\f21\fs19
\u-3844?\ul0\nosupersub\cf2\f3\fs19 \u-3844?
}
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}

\sl-218\slmult0 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 38.4 Cr
edit Exposures subject to Standardised approach \par\pard\li2102\sb0\sl-172\slmu
lt0\par\pard\li2102\sb81\sl-172\slmult0\fi4694\tx9652 \up0 \expndtw-6\charscalex
94 \ul0\nosupersub\cf5\f6\fs15 2012\tab \up0 \expndtw-6\charscalex94 2011\par\pa
rd\li2102\sb26\sl-172\slmult0\fi0\tx5044\tx5798\tx6609\tx8587\tx9432\tx10584 \up
0 \expndtw-6\charscalex94 Exposures\tab \up0 \expndtw-6\charscalex94 Rating\tab
\up0 \expndtw-6\charscalex94 Amount\tab \up0 \expndtw-6\charscalex94 Deduction
Net exposure\tab \up0 \expndtw-6\charscalex94 Amount\tab \up0 \expndtw-6\ch
arscalex94 Deduction\tab \up0 \expndtw-6\charscalex94 Net\par\pard\li4953\sb7\sl
-172\slmult0\fi0\tx6792\tx8467\tx9614\tx10396 \up0 \expndtw-2\charscalex100 Cate
gory Outstanding\tab \up0 \expndtw-2\charscalex100 CRM\tab \up0 \expndtw-2\char
scalex100 Outstanding\tab \up0 \expndtw-2\charscalex100 CRM\tab \up0 \expndtw-2\
charscalex100 exposure\par\pard\li4953\sb11\sl-172\slmult0\fi806\tx8553 \up0 \ex
pndtw-2\charscalex100 -----------(Rupees in '000)--------------\tab \up0 \expndt
w-2\charscalex100 ----------(Rupees in '000)--------------\par\pard\li2059\sb0\s
l-126\slmult0\par\pard\li2059\sb125\sl-126\slmult0\fi0\tx5947\tx6902\tx7689\tx87
31\tx9729\tx10612 \up0 \expndtw-5\charscalex95 \ul0\nosupersub\cf21\f22\fs11 Cas
h and cash equivalent\tab \up0 \expndtw-5\charscalex95 24,000,493\tab \up0 \expn
dtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 24,000,493\tab \up0 \expnd
tw-5\charscalex95 16,846,867\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndt
w-5\charscalex95 16,846,867\par\pard\li2059\sb9\sl-126\slmult0\fi0\tx5908\tx6758
\tx7660\tx8707\tx9638\tx10545 \up0 \expndtw-5\charscalex95 Claims on GOP in PKR\
tab \up0 \expndtw-5\charscalex95 278,529,336\tab \up0 \expndtw-5\charscalex95 15
calex95 131,197,556\tab \up0 \expndtw-5\charscalex95 26,204,154\tab \up0 \expndt
w-5\charscalex95 104,993,402\par\pard\li2059\sb10\sl-126\slmult0\fi0\tx5971\tx69
02\tx7713\tx8745\tx9729\tx10627 \up0 \expndtw-5\charscalex95 Claims on SBP arisi
ng out of statutory obligations\tab \up0 \expndtw-5\charscalex95 19,923,432\tab
\up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 19,923,432\tab \
up0 \expndtw-5\charscalex95 13,466,775\tab \up0 \expndtw-5\charscalex95 -\tab \u
227\tx5956\tx6902\tx7699\tx8788\tx9729\tx10670 \up0 \expndtw-5\charscalex95 Clai
ms on other sovereigns and GOP other than PKR\tab \up0 \expndtw-5\charscalex95 1
\tab \up0 \expndtw-5\charscalex95 33,023,508\tab \up0 \expndtw-5\charscalex95 -\
tab \up0 \expndtw-5\charscalex95 33,023,508\tab \up0 \expndtw-5\charscalex95 3,6
,086\par\pard\li2059\sb10\sl-126\slmult0\fi0\tx5222\tx6033\tx6902\tx7771\tx8803\
tx9729\tx10684 \up0 \expndtw-5\charscalex95 Claims on other sovereigns and GOP o
ther than PKR\tab \up0 \expndtw-5\charscalex95 2\tab \up0 \expndtw-5\charscalex9
lex95 -\tab \up0 \expndtw-5\charscalex95 1,610,563\par\pard\li2059\sb9\sl-126\sl
mult0\fi0\tx5222\tx5971\tx6902\tx7713\tx8740\tx9729\tx10622 \up0 \expndtw-5\char
scalex95 Claims on other sovereigns and GOP other than PKR\tab \up0 \expndtw-5\c
harscalex95 3\tab \up0 \expndtw-5\charscalex95 22,341,299\tab \up0 \expndtw-5\ch
arscalex95 -\tab \up0 \expndtw-5\charscalex95 22,341,299\tab \up0 \expndtw-5\cha
rscalex95 13,437,524\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\char
scalex95 13,437,524\par\pard\li2059\sb10\sl-126\slmult0\fi0\tx5179\tx5975\tx6902
\tx7718\tx8745\tx9729\tx10627 \up0 \expndtw-5\charscalex95 Claims on other sover
eigns and GOP other than PKR\tab \up0 \expndtw-5\charscalex95 4,5\tab \up0 \expn
dtw-5\charscalex95 19,361,348\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expnd
0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 15,709,295\par\pard
\up0 \expndtw-5\charscalex95 Claims on other sovereigns and GOP other than PKR\
tab \up0 \expndtw-5\charscalex95 6\tab \up0 \expndtw-5\charscalex95 9,305,121\ta

b \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 9,305,121\tab
\up0 \expndtw-5\charscalex95 5,791,362\tab \up0 \expndtw-5\charscalex95 -\tab \u
63\tx6100\tx6902\tx7843\tx8870\tx9729\tx10751 \up0 \expndtw-5\charscalex95 Claim
s on other sovereigns and GOP other than PKR\tab \up0 \expndtw-5\charscalex95 Un
rated\tab \up0 \expndtw-5\charscalex95 695,834\tab \up0 \expndtw-5\charscalex95
-\tab \up0 \expndtw-5\charscalex95 695,834\tab \up0 \expndtw-5\charscalex95 594,
553\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 594,553\
9\tx10622 \up0 \expndtw-5\charscalex95 PSE\tab \up0 \expndtw-5\charscalex95 1\ta
b \up0 \expndtw-5\charscalex95 4,731,671\tab \up0 \expndtw-5\charscalex95 -\tab
6\par\pard\li2059\sb10\sl-126\slmult0\fi0\tx5063\tx5908\tx6820\tx7699\tx8668\tx9
652\tx10608 \up0 \expndtw-5\charscalex95 PSE\tab \up0 \expndtw-5\charscalex95 Un
rated\tab \up0 \expndtw-5\charscalex95 143,480,819\tab \up0 \expndtw-5\charscale
x95 73,975,276\tab \up0 \expndtw-5\charscalex95 69,505,543\tab \up0 \expndtw-5\c
harscalex95 102,420,433\tab \up0 \expndtw-5\charscalex95 41,799,397\tab \up0 \ex
pndtw-5\charscalex95 60,621,036\par\pard\li2059\sb4\sl-126\slmult0\fi0\tx5227\tx
5990\tx6902\tx7732\tx8736\tx9720\tx10622 \up0 \expndtw-5\charscalex95 Banks\tab
\up0 \expndtw-5\charscalex95 1\tab \up0 \expndtw-5\charscalex95 41,372,361\tab \
up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 41,372,361\tab \u
\tab \up0 \expndtw-5\charscalex95 26,521,429\par\pard\li2059\sb10\sl-126\slmult0
\fi0\tx5179\tx6038\tx6969\tx7752\tx8779\tx9792\tx10665 \up0 \expndtw-5\charscale
x95 Banks\tab \up0 \expndtw-5\charscalex95 2,3\tab \up0 \expndtw-5\charscalex95
4,719,999\tab \up0 \expndtw-5\charscalex95 253,175\tab \up0 \expndtw-5\charscale
rscalex95 745,778\tab \up0 \expndtw-5\charscalex95 2,910,808\par\pard\li2059\sb9
\sl-126\slmult0\fi0\tx5063\tx5995\tx6873\tx7732\tx8736\tx9729\tx10617 \up0 \expn
dtw-5\charscalex95 Banks\tab \up0 \expndtw-5\charscalex95 Unrated\tab \up0 \expn
dtw-5\charscalex95 17,515,563\tab \up0 \expndtw-5\charscalex95 2,356,216\tab \up
\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 12,325,836\
8\tx10627 \up0 \expndtw-5\charscalex95 Bank - three months or less\tab \up0 \exp
ndtw-5\charscalex95 1,2,3\tab \up0 \expndtw-5\charscalex95 43,643,972\tab \up0 \
expndtw-5\charscalex95 31,203,173\tab \up0 \expndtw-5\charscalex95 12,440,799\ta
ult0\fi0\tx5063\tx5985\tx6902\tx7727\tx8726\tx9729\tx10608 \up0 \expndtw-5\chars
calex95 Bank - three months or less\tab \up0 \expndtw-5\charscalex95 Unrated\tab
984\tx10612 \up0 \expndtw-5\charscalex95 Corporate\tab \up0 \expndtw-5\charscale
x95 1\tab \up0 \expndtw-5\charscalex95 45,907,769\tab \up0 \expndtw-5\charscalex
arscalex95 56,050,128\tab \up0 \expndtw-5\charscalex95 307\tab \up0 \expndtw-5\c
022\tx7718\tx8721\tx9729\tx10603 \up0 \expndtw-5\charscalex95 Corporate\tab \up0
\expndtw-5\charscalex95 2\tab \up0 \expndtw-5\charscalex95 10,176,734\tab \up0
up0 \expndtw-5\charscalex95 24,990 ,592\tab \up0 \expndtw-5\charscalex95 -\tab \
up0 \expndtw-5\charscalex95 24,990,592\par\pard\li2059\sb9\sl-126\slmult0\fi0\tx
5179\tx6038\tx7219\tx7766\tx8880\tx9729\tx10761 \up0 \expndtw-5\charscalex95 Cor
porate\tab \up0 \expndtw-5\charscalex95 3,4\tab \up0 \expndtw-5\charscalex95 1,6
90,144\tab \up0 \expndtw-5\charscalex95 75\tab \up0 \expndtw-5\charscalex95 1,69

-\tab \up0 \expndtw-5\charscalex95 579,925\par\pard\li2059\sb14\sl-126\slmult0\f
i0\tx5179\tx6177\tx6902\tx7920\tx8827\tx9729\tx10670 \up0 \expndtw-5\charscalex9
5 Corporate\tab \up0 \expndtw-5\charscalex95 5,6\tab \up0 \expndtw-5\charscalex9
5 46,165\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 46,
p0 \expndtw-5\charscalex95 -\par\pard\li2059\sb10\sl-126\slmult0\fi0\tx5063\tx59
23\tx6806\tx7632\tx8687\tx9700\tx10564 \up0 \expndtw-5\charscalex95 Corporate\ta
b \up0 \expndtw-5\charscalex95 Unrated\tab \up0 \expndtw-5\charscalex95 355,181,
344,760,490\tab \up0 \expndtw-5\charscalex95 303,112,702\tab \up0 \expndtw-5\ch
arscalex95 7,360,774\tab \up0 \expndtw-5\charscalex95 295,751,928\par\pard\li205
9\sb9\sl-126\slmult0\fi0\tx5961\tx6859\tx7699\tx8721\tx9681\tx10603 \up0 \expndt
w-5\charscalex95 Retail\tab \up0 \expndtw-5\charscalex95 65,504,256\tab \up0 \ex
pndtw-5\charscalex95 5,548,568\tab \up0 \expndtw-5\charscalex95 59,955,688\tab \
\fi0\tx6043\tx6902\tx7780\tx8798\tx9729\tx10680 \up0 \expndtw-5\charscalex95 Res
idential mortgage\tab \up0 \expndtw-5\charscalex95 7,754,723\tab \up0 \expndtw-5
\charscalex95 -\tab \up0 \expndtw-5\charscalex95 7,754,723\tab \up0 \expndtw-5\c
harscalex95 6,615,995\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\cha
rscalex95 6,615,995\par\pard\li2059\sb14\sl-126\slmult0\fi0\tx6004\tx6902\tx7747
\tx8793\tx9729\tx10675 \up0 \expndtw-5\charscalex95 Past due loans\tab \up0 \exp
ndtw-5\charscalex95 11,061,747\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expn
dtw-5\charscalex95 11,061,747\tab \up0 \expndtw-5\charscalex95 9,194,692\tab \up
0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 9,194,692\par\pard\
li2059\sb9\sl-126\slmult0\fi0\tx6028\tx6902\tx7771\tx8788\tx9729\tx10670 \up0 \e
xpndtw-5\charscalex95 Listed equity and regulatory capital instruments\tab \up0
xpndtw-5\charscalex95 7,063,387\tab \up0 \expndtw-5\charscalex95 4,379,553\tab \
up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 4,379,553\par\par
d\li2059\sb10\sl-126\slmult0\fi0\tx6019\tx6902\tx7761\tx8793\tx9729\tx10675 \up0
\expndtw-5\charscalex95 Unlisted equity\tab \up0 \expndtw-5\charscalex95 2,364,
4\tab \up0 \expndtw-5\charscalex95 4,195,268\tab \up0 \expndtw-5\charscalex95 -\
tab \up0 \expndtw-5\charscalex95 4,195,268\par\pard\li2059\sb9\sl-126\slmult0\fi
0\tx5961\tx6902\tx7699\tx8740\tx9729\tx10622 \up0 \expndtw-5\charscalex95 Fixed
assets\tab \up0 \expndtw-5\charscalex95 20,506,074\tab \up0 \expndtw-5\charscale
x95 -\tab \up0 \expndtw-5\charscalex95 20,506,074\tab \up0 \expndtw-5\charscalex
5 16,829,795\par\pard\li2059\sb10\sl-126\slmult0\fi0\tx5995\tx6902\tx7732\tx8750
\tx9729\tx10631 \up0 \expndtw-5\charscalex95 Other assets\tab \up0 \expndtw-5\ch
arscalex95 11,388,132\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\cha
tw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 12,278,541\par\pard\li5812\
sb19\sl-126\slmult0\fi0\tx6710\tx7622\tx8620\tx9576\tx10531 \up0 \expndtw-4\char
scalex100 \ul0\nosupersub\cf22\f23\fs11 1,215,186,495\tab \up0 \expndtw-4\charsc
alex100 295,863,263\tab \up0 \expndtw-4\charscalex100 919,323,234\tab \up0 \expn
dtw-4\charscalex100 944 ,385,867\tab \up0 \expndtw-4\charscalex100 126,178,759\t
ab \up0 \expndtw-4\charscalex100 818,207 ,108\par\pard\ql \li1670\sb0\sl-218\slm
ult0 \par\pard\ql\li1670\sb190\sl-218\slmult0 \up0 \expndtw-8\charscalex100 \ul0
\nosupersub\cf1\f2\fs19 38.5 Capital management \par\pard\qj \li2102\sb0\sl-220\
slmult0 \par\pard\qj\li2102\ri766\sb1\sl-220\slmult0 \up0 \expndtw-7\charscalex9
8 \ul0\nosupersub\cf2\f3\fs19 The Bank\u8217?s lead regulator SBP sets and monit
ors capital requirements for the Bank as a whole. In addition the Bank's \up0 \e
xpndtw-7\charscalex98 branches outside Pakistan are also required to follow capi
tal requirements applicable in respective countries. \par\pard\qj \li2102\ri761\
sb200\sl-220\slmult0 \up0 \expndtw-7\charscalex97 In implementing current capita
l requirements, SBP requires the Bank to maintain a prescribed ratio of 10% tota
l capital \up0 \expndtw-7\charscalex98 to total risk-weighted assets. The Bank c
alculates requirements for market risk in its trading portfolios based upon the
\up0 \expndtw-7\charscalex98 methodology provided by SBP which takes account of
specific and general market risk, capital charge for interest rate \up0 \expndtw
-8\charscalex98 risk and equity price risk using the maturity method. \par\pard\
ql \li2102\sb202\sl-218\slmult0 \up0 \expndtw-8\charscalex95 The Bank\u8217?s re
gulatory capital is analysed into three tiers: \par\pard\qj \li2275\ri765\sb181\
sl-220\slmult0 \up0 \expndtw-7\charscalex96 \ul0\nosupersub\cf15\f16\fs19 -\ul0\
nosupersub\cf16\f17\fs19 \ul0\nosupersub\cf2\f3\fs19 Tier I capital, which inc
ludes ordinary share capital, capital and other reserves except exchange transla
tion reserve, \up0 \expndtw-8\charscalex96 minority interest, and retained profi
t. \par\pard\qj \li2275\ri761\sb180\sl-220\slmult0 \up0 \expndtw-4\charscalex100
\ul0\nosupersub\cf15\f16\fs19 -\ul0\nosupersub\cf16\f17\fs19 \ul0\nosupersub\c
f2\f3\fs19 Tier II capital includes revaluation surplus, exchange translation r
eserve, subordinated debt and impairment \up0 \expndtw-7\charscalex98 allowances
not kept against identified debts. The revaluation surplus is allowable as tier
II capital upto 45% of the \up0 \expndtw-8\charscalex98 reserve. Subordinated d
ebt is limited to 50% of Tier I capital. \par\pard\qj \li2275\ri756\sb200\sl-220
\slmult0 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf15\f16\fs19 -\ul0\nosup
ersub\cf16\f17\fs19 \ul0\nosupersub\cf2\f3\fs19 Tier III supplementary capital
consists of short term subordinated debt solely for the purpose of meeting a \u
p0 \expndtw-7\charscalex97 proportion of the Capital requirements for market ris
ks. The Bank currently does not have any Tier III capital. \par\pard\ql \li2102\
sb182\sl-218\slmult0 \up0 \expndtw-8\charscalex96 Total of Tier II and III capit
al is limited to Tier I capital. \par\pard\qj \li2102\ri761\sb173\sl-230\slmult0
\up0 \expndtw-7\charscalex100 Banking operations are categorised as either trad
ing book or banking book, and risk-weighted assets are determined \line \up0 \ex
pndtw-6\charscalex100 according to specified requirements that seek to reflect t
he varying levels of risk attached to assets and off-balance \line \up0 \expndtw
-8\charscalex92 sheet exposures. \par\pard\qj \li2102\ri761\sb179\sl-220\slmult0
\up0 \expndtw-7\charscalex97 The Bank\u8217?s policy is to maintain a strong ca
pital base so as to maintain investor, creditor and market confidence and to \up
0 \expndtw-8\charscalex97 sustain future development of the business. \par\pard\
qj \li2102\ri767\sb180\sl-220\slmult0 \up0 \expndtw-5\charscalex100 The Bank and
its individually regulated operations have complied with all externally imposed
capital requirements \up0 \expndtw-6\charscalex100 throughout the year. \par\pa
rd\qj \li2102\ri761\sb196\sl-225\slmult0 \up0 \expndtw-7\charscalex97 On and off
-balance sheet assets in the banking book are broken down to various asset class
es for calculation of credit \up0 \expndtw-7\charscalex95 risk. Ratings for asse
ts are applied using various ECAI's and aligned with appropriate risk buckets. C
ollaterals if any, are \up0 \expndtw-7\charscalex100 used as an outflow adjustme
nt. Risk weights notified, are applied at net adjusted exposure. Collaterals use
d include: \up0 \expndtw-7\charscalex97 Government of Pakistan guarantees for ad
vances and investments in PSE / GoP, deposits / margins, lien on deposits, \up0
\expndtw-8\charscalex97 saving certificates and lending of securities (repo & re
verse repo).
}
}}

}
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}}
}
}}
}
}}
}
}}

}
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}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
}}
}
}}
}
}}
}
}}

}
}}
}
g51}{\bkmkend Pg51}\par\pard\sect\sectd\sbknone\cols3\colno1\colw9084\colsr40\co
lno2\colw1079\colsr160\colno3\colw1747\colsr160\ql \li1670\sb0\sl-218\slmult0 \p
ar\pard\ql \li1670\sb0\sl-218\slmult0 \par\pard\ql \li1670\sb215\sl-218\slmult0\
tx2054\tx8633 \up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf1\f2\fs19 39.\tab
\up0 \expndtw-8\charscalex89 CURRENCY RISK \tab \up0 \expndtw-8\charscalex100 20
12\par\pard\ql \li6806\sb0\sl-218\slmult0 \par\pard\ql \li6806\sb26\sl-218\slmul
t0\tx7948 \up0 \expndtw-8\charscalex87 Assets\tab \up0 \expndtw-8\charscalex92 L
iabilities\par\pard\column \qj \li9124\sb0\sl-225\slmult0 \par\pard\qj \li9124\s
b0\sl-225\slmult0 \par\pard\qj \li9124\sb0\sl-225\slmult0 \par\pard\qj \li9124\s
b0\sl-225\slmult0 \par\pard\qj \li20\ri57\sb92\sl-225\slmult0 \up0 \expndtw-8\ch
arscalex97 Off-balance \line \up0 \expndtw-8\charscalex94 sheet items\par\pard\c
olumn \ql \li10368\sb0\sl-218\slmult0 \par\pard\ql \li10368\sb0\sl-218\slmult0 \
par\pard\ql \li10368\sb0\sl-218\slmult0 \par\pard\ql \li10368\sb0\sl-218\slmult0
\par\pard\ql \li231\sb19\sl-218\slmult0 \up0 \expndtw-3\charscalex100 Net\par\p
ard\qj \li20\ri960\sb0\sl-225\slmult0\fi14 \up0 \expndtw-8\charscalex91 currency
\line \up0 \expndtw-8\charscalex90 exposure \par\pard\sect\sectd\sbknone \li205
9\sb4\sl-218\slmult0\fi4564 \up0 \expndtw0\charscalex103 -------------------- (R
upees in '000) ----------------------\par\pard\sect\sectd\sbknone\cols3\colno1\c
olw9084\colsr40\colno2\colw1083\colsr60\colno3\colw1843\colsr160\ql \li2059\sb0\
sl-218\slmult0 \par\pard\ql \li2059\sb12\sl-218\slmult0\tx6585\tx7886 \up0 \expn
dtw-8\charscalex90 \ul0\nosupersub\cf2\f3\fs19 Pakistan Rupee\tab \up0 \expndtw8\charscalex95 1,222119,730\tab \up0 \expndtw-8\charscalex91 1,131,298,108\par\p
ard\ql \li2059\sb8\sl-218\slmult0\tx6695\tx7977 \up0 \expndtw-8\charscalex97 Uni
ted States Dollar\tab \up0 \expndtw-8\charscalex94 150,655,776\tab \up0 \expndtw
-8\charscalex96 140,560,267\par\pard\ql \li2059\sb4\sl-218\slmult0\tx6859\tx8078
\up0 \expndtw-8\charscalex95 Great Britain Pound\tab \up0 \expndtw-8\charscalex
97 7,384,978\tab \up0 \expndtw-8\charscalex95 10,863,091\par\pard\ql \li2059\sb9
\sl-218\slmult0\tx6772\tx8097 \up0 \expndtw-8\charscalex93 UAE Dirham\tab \up0 \
r\pard\ql \li2059\sb8\sl-218\slmult0\tx7050\tx8515 \up0 \expndtw-8\charscalex87
Japanese Yen\tab \up0 \expndtw-8\charscalex89 106,131\tab \up0 \expndtw-8\charsc
alex94 1,949\par\pard\ql \li2059\sb9\sl-218\slmult0\tx6815\tx8063 \up0 \expndtw8\charscalex90 Euro\tab \up0 \expndtw-8\charscalex91 11,471,065\tab \up0 \expndt
w-8\charscalex97 14,845,234\par\pard\ql \li2059\sb4\sl-218\slmult0\tx6739\tx8063
\up0 \expndtw-8\charscalex95 Other Currencies\tab \up0 \expndtw-6\charscalex100
87,850,800\tab \up0 \expndtw-8\charscalex97 65,385,523\par\pard\ql \li6575\sb23
\sl-218\slmult0\tx7886 \up0 \expndtw-8\charscalex92 1,517,840,165\tab \up0 \expn
dtw-8\charscalex91 1,395,231,513\par\pard\ql \li6806\sb0\sl-218\slmult0 \par\par
d\ql \li8692\sb54\sl-218\slmult0 \up0 \expndtw-8\charscalex91 \ul0\nosupersub\cf
1\f2\fs19 2011\par\pard\ql \li6806\sb0\sl-218\slmult0 \par\pard\ql \li6806\sb26\

sl-218\slmult0\tx7948 \up0 \expndtw-8\charscalex87 Assets\tab \up0 \expndtw-8\ch
arscalex92 Liabilities\par\pard\column \ql \li9153\sb0\sl-218\slmult0 \par\pard\
ql \li49\sb12\sl-218\slmult0 \up0 \expndtw-8\charscalex95 \ul0\nosupersub\cf2\f3
\fs19 (16,616,633)\par\pard\ql \li232\sb8\sl-218\slmult0 \up0 \expndtw-7\charsca
lex100 2,806,423\par\pard\ql \li236\sb4\sl-218\slmult0 \up0 \expndtw-7\charscale
x100 5,569,069\par\pard\ql \li256\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex9
6 2,132,838\par\pard\ql \li342\sb8\sl-218\slmult0 \up0 \expndtw-5\charscalex100
(98,030)\par\pard\ql \li251\sb9\sl-218\slmult0 \up0 \expndtw-8\charscalex96 6,54
3,361\par\pard\ql \li260\sb4\sl-218\slmult0 \up0 \expndtw-7\charscalex100 (337,0
28)\par\pard\ql \li443\sb23\sl-218\slmult0 \up0 \expndtw-2\charscalex100 -\par\p
ard\qj \li9124\sb0\sl-220\slmult0 \par\pard\qj \li9124\sb0\sl-220\slmult0 \par\p
ard\qj \li20\ri0\sb181\sl-220\slmult0 \up0 \expndtw-8\charscalex97 \ul0\nosupers
ub\cf1\f2\fs19 Off-balance \line \up0 \expndtw-8\charscalex94 sheet items\par\pa
rd\column \ql \li10329\sb0\sl-218\slmult0 \par\pard\ql \li92\sb12\sl-218\slmult0
\up0 \expndtw-7\charscalex100 \ul0\nosupersub\cf2\f3\fs19 74,204,989\par\pard\q
j \li145\ri816\sb3\sl-223\slmult0\tx208\tx251 \up0 \expndtw-8\charscalex93 12,90
1,932 \line\tab \up0 \expndtw-7\charscalex100 2,090,956 \line \tab \up0 \expndtw
-8\charscalex93 8,107,182\par\pard\ql \li572\sb7\sl-218\slmult0 \up0 \expndtw-8\
charscalex92 6,152\par\pard\qj \li20\ri817\sb0\sl-230\slmult0\fi220\tx136 \up0 \
expndtw-8\charscalex93 3,169,192 \line\tab \up0 \expndtw-8\charscalex95 22,128,2
49 \line \up0 \expndtw-8\charscalex96 122,608,652\par\pard\ql \li10368\sb0\sl-21
18\slmult0 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf1\f2\fs19 Net\par\par
d\qj \li116\ri960\sb0\sl-225\slmult0\fi14 \up0 \expndtw-8\charscalex91 currency
\line \up0 \expndtw-8\charscalex90 exposure \par\pard\sect\sectd\sbknone \li6624
\sb4\sl-218\slmult0\fi0 \up0 \expndtw0\charscalex103 -------------------- (Rupee
s in '000) ----------------------\par\pard\li2059\sb0\sl-218\slmult0\par\pard\li
9167\tx10329 \up0 \expndtw-8\charscalex94 \ul0\nosupersub\cf2\f3\fs19 Pakistan R
upee\tab \up0 \expndtw-8\charscalex94 835,712,127\tab \up0 \expndtw-8\charscalex
94 759,279,311\tab \up0 \expndtw-8\charscalex94 (12,457,927)\tab \up0 \expndtw-8
\charscalex94 63,974,889\par\pard\li2059\sb9\sl-218\slmult0\fi0\tx6753\tx8092\tx
9384\tx10444 \up0 \expndtw-8\charscalex94 United States Dollar\tab \up0 \expndtw
\expndtw-8\charscalex94 5,358,116\tab \up0 \expndtw-8\charscalex94 5,013,008\par
\pard\li2059\sb4\sl-218\slmult0\fi0\tx6892\tx8083\tx9360\tx10478 \up0 \expndtw-8
\charscalex94 Great Britain Pound\tab \up0 \expndtw-8\charscalex94 8,461,781\tab
0\fi0\tx6806\tx8078\tx9350\tx10415 \up0 \expndtw-8\charscalex94 UAE Dirham\tab \
,389,880\par\pard\li2059\sb9\sl-218\slmult0\fi0\tx7027\tx8524\tx9436\tx10775 \up
0 \expndtw-8\charscalex94 Japanese Yen\tab \up0 \expndtw-8\charscalex94 132,229\
tab \up0 \expndtw-8\charscalex94 1,055\tab \up0 \expndtw-8\charscalex94 (121,716
)\tab \up0 \expndtw-8\charscalex94 9,458\par\pard\li2059\sb9\sl-218\slmult0\fi0\
tx6815\tx8087\tx9364\tx10440 \up0 \expndtw-8\charscalex94 Euro\tab \up0 \expndtw
\expndtw-8\charscalex94 (230,545)\tab \up0 \expndtw-8\charscalex94 2,682,958\par
\pard\li2059\sb4\sl-218\slmult0\fi0\tx6763\tx8087\tx9384\tx10406 \up0 \expndtw-8
\charscalex94 Other Currencies\tab \up0 \expndtw-8\charscalex94 78,462,599\tab \
up0 \expndtw-8\charscalex94 59,074,192\tab \up0 \expndtw-8\charscalex94 (168,786
)\tab \up0 \expndtw-8\charscalex94 19,219,621\par\pard\li6513\sb23\sl-218\slmult
0\fi0\tx7953\tx9547\tx10267 \up0 \expndtw-8\charscalex100 1,063,853,648\tab \up0
\expndtw-8\charscalex100 962,399,058\tab \up0 \expndtw-8\charscalex100 -\tab \u
p0 \expndtw-8\charscalex100 101,454,590\par\pard\ql \li1670\sb0\sl-218\slmult0 \
par\pard\ql\li1670\sb45\sl-218\slmult0 \up0 \expndtw-8\charscalex93 \ul0\nosuper
sub\cf1\f2\fs19 40. MATURITIES OF ASSETS AND LIABILITIES \par\pard\ql \li1670\
ri768\sb216\sl-226\slmult0\tx2150\tx2150\tx2150 \up0 \expndtw-4\charscalex100 40
.1 \ul0\nosupersub\cf2\f3\fs19 In accordance with BSD Circular Letter No.03 of

2011, issued by SBP, the Bank is required to report assets and \line\tab \up0 \e
xpndtw-6\charscalex100 liabilities with stated maturities as per their remaining
maturities, whereas, assets and liabilities which do not have \line \tab \up0 \
expndtw-2\charscalex100 any contractual maturities should be reported as per the
ir 'expected maturities ' calculated on the basis of an \line \tab \up0 \expndtw
-8\charscalex96 objective and systematic behavioural study approved by ALCO comm
ittee. \par\pard\ql \li7876\sb0\sl-218\slmult0 \par\pard\ql\li7876\sb3\sl-218\sl
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Over three
Over six\tab \up0 \expndtw-3\cha
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9\slmult0\fi0\tx4915\tx5702\tx6518\tx7152\tx8563\tx9278\tx10041\tx10728 \up0 \ex
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\expndtw-3\charscalex100 to three\tab \up0 \expndtw-3\charscalex100 to six\tab \
up0 \expndtw-3\charscalex100 months to
to two\tab \up0 \expndtw-3\charscalex
100 to three\tab \up0 \expndtw-3\charscalex100 to five\tab \up0 \expndtw-3\chars
calex100 to ten\tab \up0 \expndtw-3\charscalex100 Over ten\par\pard\li4238\sb11\
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up0 \expndtw-3\charscalex100 month\tab \up0 \expndtw-3\charscalex100 months\tab
\up0 \expndtw-3\charscalex100 months\tab \up0 \expndtw-3\charscalex100 one year\
tab \up0 \expndtw-3\charscalex100 years\tab \up0 \expndtw-3\charscalex100 years\
tab \up0 \expndtw-3\charscalex100 years\tab \up0 \expndtw-3\charscalex100 years\
tab \up0 \expndtw-3\charscalex100 years\par\pard\li4238\sb10\sl-149\slmult0\fi34
5 \up0 \expndtw-2\charscalex100 -------- ---------------- --------------- ------------ Rupees in '000 --- --- ------------ ------------------- ------------ --\par\pard\li1929\sb0\sl-126\slmult0\par\pard\li1929\sb0\sl-126\slmult0\par\pard\
li1929\sb18\sl-126\slmult0\fi0 \up0 \expndtw-5\charscalex96 \ul0\nosupersub\cf22
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785 \up0 \expndtw-5\charscalex96 \ul0\nosupersub\cf21\f22\fs11 Cash and balances
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\tab \up0 \expndtw-5\charscalex96 1,230,227\tab \up0 \expndtw-5\charscalex96 1,2
96 25,938,624\tab \up0 \expndtw-5\charscalex96 25,666,464\par\pard\li1929\sb10\s
l-126\slmult0\fi0\tx4185\tx4948\tx5740\tx6470\tx7353\tx8078\tx8760\tx9451\tx1020
4\tx10977 \up0 \expndtw-5\charscalex96 Balances with other banks\tab \up0 \expnd
ab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \e
xpndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\c
harscalex96 -\tab \up0 \expndtw-5\charscalex96 -\par\pard\li1929\sb4\sl-126\slmu
lt0\fi0\tx4185\tx4943\tx5817\tx6604\tx7353\tx8760\tx10204\tx10977 \up0 \expndtw5\charscalex96 Lendings to financial institutions\tab \up0 \expndtw-5\charscalex
arscalex96 900,000\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charsc
alex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\t
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tx4876\tx5702\tx6422\tx7171\tx7876\tx8563\tx9259\tx10056\tx10809 \up0 \expndtw-5
\charscalex96 Investments\tab \up0 \expndtw-5\charscalex96 777,185,323\tab \up0
ex96 40,836,571\tab \up0 \expndtw-5\charscalex96 69,133,860\tab \up0 \expndtw-5\
211\tx10065\tx10857 \up0 \expndtw-5\charscalex96 Advances\tab \up0 \expndtw-5\ch

scalex96 4,545,081\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4233\tx5112\tx5865\t
x6604\tx7353\tx8078\tx8760\tx9451\tx10204\tx10843 \up0 \expndtw-5\charscalex96 O
perating fixed assets\tab \up0 \expndtw-5\charscalex96 21,185,101\tab \up0 \expn
dtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\char
scalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 \tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0
\expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 21,185,101\par\pard\l
i1929\sb10\sl-126\slmult0\fi0\tx4238\tx5140\tx5865\tx6604\tx7353\tx7948\tx8625\t
x9340\tx10118\tx10977 \up0 \expndtw-5\charscalex96 Deferred tax asset\tab \up0 \
expndtw-5\charscalex96 5,743,464\tab \up0 \expndtw-5\charscalex96 44,461\tab \up
0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw
-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 1,254,595\tab \up0 \expndtw-5
\charscalex96 1,254,595\tab \up0 \expndtw-5\charscalex96 2,121,368\tab \up0 \exp
ndtw-5\charscalex96 1,068,445\tab \up0 \expndtw-5\charscalex96 -\par\pard\li1929
\sb9\sl-126\slmult0\fi0\tx4190\tx4948\tx5707\tx6484\tx7257\tx8760\tx10204\tx1083
3 \up0 \expndtw-5\charscalex96 Other assets\tab \up0 \expndtw-5\charscalex96 52,
ex96 10,066,321\tab \up0 \expndtw-5\charscalex96 7,796,005\tab \up0 \expndtw-5\c
harscalex96 4,817,396\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\cha
rscalex96 -\tab \up0 \expndtw-5\charscalex96 17,121,043\par\pard\li4080\sb19\sl126\slmult0\fi0\tx4876\tx5707\tx6379\tx7185\tx7872\tx8567\tx9201\tx10032\tx10766
\up0 \expndtw-5\charscalex96 1,517,840,165\tab \up0 \expndtw-5\charscalex96 585
lex96 103,255,270\tab \up0 \expndtw-5\charscalex96 90,955,260\tab \up0 \expndtw5\charscalex96 47,823,065\tab \up0 \expndtw-5\charscalex96 54,261,796\tab \up0 \
par\pard\li1929\sb0\sl-126\slmult0\par\pard\li1929\sb31\sl-126\slmult0\fi0 \up0
\expndtw-5\charscalex96 \ul0\nosupersub\cf22\f23\fs11 Liabilities\par\pard\li192
9\sb0\sl-126\slmult0\par\pard\li1929\sb32\sl-126\slmult0\fi0\tx4195\tx5006\tx578
6 \ul0\nosupersub\cf21\f22\fs11 Bills payable\tab \up0 \expndtw-5\charscalex96 1
lex96 6,121,182\tab \up0 \expndtw-5\charscalex96 8,807,229\tab \up0 \expndtw-5\c
6 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \u
p0 \expndtw-5\charscalex96 -\par\pard\li1929\sb10\sl-126\slmult0\fi0\tx4152\tx49
15\tx5740\tx6441\tx7382\tx8040\tx8721\tx9403\tx10142\tx10977 \up0 \expndtw-5\cha
rscalex96 Borrowings from financial institutions\tab \up0 \expndtw-5\charscalex9
6 192,108,597\tab \up0 \expndtw-5\charscalex96 171,176,046\tab \up0 \expndtw-5\c
harscalex96 8,049,078\tab \up0 \expndtw-5\charscalex96 11,024,749\tab \up0 \expn
dtw-5\charscalex96 69,444\tab \up0 \expndtw-5\charscalex96 168,158\tab \up0 \exp
xpndtw-5\charscalex96 1,021,393\tab \up0 \expndtw-5\charscalex96 -\par\pard\li19
4\tx10027\tx10737 \up0 \expndtw-5\charscalex96 Deposits and other accounts - not
e 40.2\tab \up0 \expndtw-5\charscalex96 1,141,164,975\tab \up0 \expndtw-5\charsc
alex96 117,503,614\tab \up0 \expndtw-5\charscalex96 117,375,878\tab \up0 \expndt
w-5\charscalex96 115,552,395\tab \up0 \expndtw-5\charscalex96 155,843,428\tab \u
26\slmult0\fi0\tx4238\tx5112\tx5865\tx6604\tx7353\tx7929\tx8760\tx9451\tx10204\t
x10977 \up0 \expndtw-5\charscalex96 Sub-ordinated loans\tab \up0 \expndtw-5\char
scalex96 4,857,485\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charsc
ab \up0 \expndtw-5\charscalex96 4,857,485\tab \up0 \expndtw-5\charscalex96 -\tab

41\tx6595\tx7392\tx8087\tx8764\tx9427\tx10204\tx10977 \up0 \expndtw-5\charscalex
96 Other liabilities\tab \up0 \expndtw-5\charscalex96 38,221,804\tab \up0 \expnd
tw-5\charscalex96 37,500,754\tab \up0 \expndtw-5\charscalex96 378,287\tab \up0 \
expndtw-5\charscalex96 161,722\tab \up0 \expndtw-5\charscalex96 35,482\tab \up0
\expndtw-5\charscalex96 18,209\tab \up0 \expndtw-5\charscalex96 18,209\tab \up0
64\tx7137\tx7857\tx8563\tx9244\tx10007\tx10737 \up0 \expndtw-5\charscalex97 1,39
calex97 131,924,425\tab \up0 \expndtw-5\charscalex97 135,546,095\tab \up0 \expnd
tw-5\charscalex97 155,948,354\tab \up0 \expndtw-5\charscalex97 30,000,339\tab \u
270,286,653\par\pard\li1929\sb0\sl-126\slmult0\par\pard\li1929\sb0\sl-126\slmult
f22\f23\fs11 Net gap\tab \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf21\f22\
fs11 122,608,652\tab \up0 \expndtw-4\charscalex100 255,405,728\tab \up0 \expndtw
-4\charscalex100 (38,202,989)\tab \up0 \expndtw-4\charscalex100 (32,290,825)\tab
\up0 \expndtw-4\charscalex100 (64,993,094)\tab \up0 \expndtw-4\charscalex100 17
,822,726\tab \up0 \expndtw-4\charscalex100 29,400,534\tab \up0 \expndtw-4\charsc
alex100 249,666,906\tab \up0 \expndtw-5\charscalex95 (162,185,555)\tab \up0 \exp
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i1929\sb0\sl-126\slmult0\par\pard\li1929\sb70\sl-126\slmult0\fi0\tx4214 \up0 \ex
pndtw-5\charscalex95 Share capital\tab \up0 \expndtw-5\charscalex95 12,122,748\p
ar\pard\li1929\sb9\sl-126\slmult0\fi0\tx4190 \up0 \expndtw-5\charscalex95 Reserv
es\tab \up0 \expndtw-5\charscalex95 36,337,497\par\pard\li1929\sb9\sl-126\slmult
0\fi0\tx4200 \up0 \expndtw-5\charscalex95 Unappropriated profit\tab \up0 \expndt
w-5\charscalex95 62,128,562\par\pard\li1929\sb10\sl-126\slmult0\fi0\tx4204 \up0
\expndtw-5\charscalex95 Surplus on revaluation of assets - net of tax\tab \up0 \
expndtw-5\charscalex95 12,019,845\par\pard\ql \li4137\sb12\sl-126\slmult0 \up0 \
expndtw-5\charscalex96 122,608,652
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6\sl-218\slmult0 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 2011 \
\ul0\nosupersub\cf10\f11\fs13 Over one
Over three
Over six\tab \up0 \exp
ndtw-3\charscalex100 Over one Over two Over three Over five\par\pard\li4238
\sb11\sl-149\slmult0\fi0\tx4915\tx5702\tx6518\tx7152\tx8563\tx9278\tx10041\tx107
28 \up0 \expndtw-3\charscalex100 Total\tab \up0 \expndtw-3\charscalex100 Upto on
e\tab \up0 \expndtw-3\charscalex100 to three\tab \up0 \expndtw-3\charscalex100 t
o six\tab \up0 \expndtw-3\charscalex100 months to
to two\tab \up0 \expndtw-3
\charscalex100 to three\tab \up0 \expndtw-3\charscalex100 to five\tab \up0 \expn
dtw-3\charscalex100 to ten\tab \up0 \expndtw-3\charscalex100 Over ten\par\pard\l
i4238\sb5\sl-149\slmult0\fi753\tx5716\tx6460\tx7171\tx7992\tx8640\tx9312\tx10060
\tx10828 \up0 \expndtw-3\charscalex100 month\tab \up0 \expndtw-3\charscalex100 m
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one year\tab \up0 \expndtw-3\charscalex100 years\tab \up0 \expndtw-3\charscalex
100 years\tab \up0 \expndtw-3\charscalex100 years\tab \up0 \expndtw-3\charscalex
100 years\tab \up0 \expndtw-3\charscalex100 years\par\pard\li4238\sb11\sl-149\sl
mult0\fi345 \up0 \expndtw-2\charscalex100 -------- ---------------- -------------- ------------- Rupees in '000 --- --- ------------ ------------------- ----------- ---\par\pard\li1929\sb0\sl-126\slmult0\par\pard\li1929\sb0\sl-126\slmult0
\par\pard\li1929\sb84\sl-126\slmult0\fi0 \up0 \expndtw-5\charscalex95 \ul0\nosup
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5 19,320,791\tab \up0 \expndtw-5\charscalex95 3,650,924\tab \up0 \expndtw-5\char
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tw-5\charscalex95 16,727,770\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4171\tx493
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scalex95 Balances with other banks\tab \up0 \expndtw-5\charscalex95 34,985,809\t
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calex95 Lendings to financial institutions\tab \up0 \expndtw-5\charscalex95 41,5
95 1,310,351\tab \up0 \expndtw-5\charscalex95 2,630,016\tab \up0 \expndtw-5\char
scalex95 34,054,444\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\chars
calex95 -\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 -\
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201\tx10065\tx10848 \up0 \expndtw-5\charscalex95 Advances\tab \up0 \expndtw-5\ch
scalex95 3,864,242\par\pard\li1929\sb10\sl-126\slmult0\fi0\tx4248\tx5112\tx5865\
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Deferred tax asset\tab \up0 \expndtw-5\charscalex95 6,957,290\tab \up0 \expndtw5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscal
ex95 -\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 1,391
alex95 -\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4219\tx5112\tx5865\tx6604\tx73
53\tx8078\tx8760\tx9451\tx10204\tx10828 \up0 \expndtw-5\charscalex95 Operating f
ixed assets\tab \up0 \expndtw-5\charscalex95 17,107,263\tab \up0 \expndtw-5\char
\charscalex95 -\tab \up0 \expndtw-5\charscalex95 17,107,263\par\pard\li1929\sb9\
sl-126\slmult0\fi0\tx4190\tx4963\tx5769\tx6494\tx7257\tx8078\tx8760\tx9465\tx102
04\tx10862 \up0 \expndtw-5\charscalex95 Other assets\tab \up0 \expndtw-5\charsca
ndtw-5\charscalex95 9,613,509\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expnd
tw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 63,081\tab \up0 \expndtw-5\
charscalex95 -\tab \up0 \expndtw-5\charscalex95 1,924,087\par\pard\li4036\sb24\s
l-126\slmult0\fi0\tx4862\tx5687\tx6427\tx7200\tx7891\tx8563\tx9201\tx10003\tx107
90 \up0 \expndtw-4\charscalex100 1,063,853,648\tab \up0 \expndtw-4\charscalex100
arscalex100 91,392,628\tab \up0 \expndtw-4\charscalex100 89,875,168\tab \up0 \ex
pndtw-4\charscalex100 51,398,287\tab \up0 \expndtw-4\charscalex100 41,703,674\ta
b \up0 \expndtw-4\charscalex100 237,608,652\tab \up0 \expndtw-4\charscalex100 10

\fi0 \up0 \expndtw-5\charscalex97 \ul0\nosupersub\cf22\f23\fs11 Liabilities\par\
pard\li1929\sb24\sl-126\slmult0\fi0\tx4190\tx5001\tx5760\tx6484\tx7353\tx8078\tx
8760\tx9451\tx10204\tx10977 \up0 \expndtw-5\charscalex97 \ul0\nosupersub\cf21\f2
2\fs11 Bills payable\tab \up0 \expndtw-5\charscalex97 13,894,502\tab \up0 \expnd
xpndtw-5\charscalex97 -\tab \up0 \expndtw-5\charscalex97 -\tab \up0 \expndtw-5\c
7 -\par\pard\li1929\sb10\sl-126\slmult0\fi0\tx4190\tx4948\tx5750\tx6480\tx7339\t
x8011\tx8687\tx9340\tx10127\tx10977 \up0 \expndtw-5\charscalex97 Borrowings from
financial institutions\tab \up0 \expndtw-5\charscalex97 33,714,904\tab \up0 \ex
pndtw-5\charscalex97 10,097,432\tab \up0 \expndtw-5\charscalex97 7,607,680\tab \
up0 \expndtw-5\charscalex97 9,700,467\tab \up0 \expndtw-5\charscalex97 565,952\t
ab \up0 \expndtw-5\charscalex97 584,249\tab \up0 \expndtw-5\charscalex97 903,963
\tx4132\tx4948\tx5692\tx6446\tx7132\tx7876\tx8582\tx9264\tx9998\tx10751 \up0 \ex
pndtw-5\charscalex97 Deposits and other accounts\tab \up0 \expndtw-5\charscalex9
dtw-5\charscalex97 104,278,864\tab \up0 \expndtw-5\charscalex97 19,820,683\tab \
\tx7353\tx8611\tx10204\tx10977 \up0 \expndtw-5\charscalex97 Sub-ordinated loans\
tab \up0 \expndtw-5\charscalex97 4,497,285\tab \up0 \expndtw-5\charscalex97 -\ta
b \up0 \expndtw-5\charscalex97 -\tab \up0 \expndtw-5\charscalex97 -\tab \up0 \ex
pndtw-5\charscalex97 -\tab \up0 \expndtw-5\charscalex97 4,497,285\tab \up0 \expn
dtw-5\charscalex97 -\tab \up0 \expndtw-5\charscalex97 -\par\pard\li1929\sb9\sl-1
26\slmult0\fi0\tx4185\tx4953\tx5740\tx6484\tx7339\tx8030\tx8707\tx9321\tx10204\t
x10977 \up0 \expndtw-5\charscalex97 Other liabilities\tab \up0 \expndtw-5\charsc
alex97 34,983,770\tab \up0 \expndtw-5\charscalex97 17,668,995\tab \up0 \expndtw5\charscalex97 9,628,009\tab \up0 \expndtw-5\charscalex97 3,352,295\tab \up0 \ex
pndtw-5\charscalex97 702,662\tab \up0 \expndtw-5\charscalex97 519,865\tab \up0 \
expndtw-5\charscalex97 519,865\tab \up0 \expndtw-5\charscalex97 2,592,079\tab \u
p0 \expndtw-5\charscalex97 -\tab \up0 \expndtw-5\charscalex97 -\par\pard\li4118\
sb28\sl-126\slmult0\fi0\tx4929\tx5678\tx6417\tx7147\tx7881\tx8563\tx9259\tx9993\
tx10751 \up0 \expndtw-5\charscalex96 962,399,058\tab \up0 \expndtw-5\charscalex9
pndtw-5\charscalex96 20,924,797\tab \up0 \expndtw-5\charscalex96 27,458,222\tab
,923\tab \up0 \expndtw-5\charscalex96 221,528,545\par\pard\li1929\sb0\sl-126\slm
ult0\par\pard\li1929\sb0\sl-126\slmult0\par\pard\li1929\sb36\sl-126\slmult0\fi0\
tx4142\tx4891\tx5630\tx6508\tx7147\tx7867\tx8563\tx9187\tx9940\tx10675 \up0 \exp
ndtw-5\charscalex97 \ul0\nosupersub\cf22\f23\fs11 Net gap\tab \up0 \expndtw-5\ch
arscalex97 \ul0\nosupersub\cf21\f22\fs11 101,454,590\tab \up0 \expndtw-5\charsca
lex97 156,235,866\tab \up0 \expndtw-5\charscalex97 (37,473,253)\tab \up0 \expndt
w-5\charscalex97 1,184,312\tab \up0 \expndtw-5\charscalex97 (15,672,310)\tab \up
\tab \up0 \expndtw-5\charscalex97 203,289,609\tab \up0 \expndtw-5\charscalex97 (
120,096,570)\tab \up0 \expndtw-5\charscalex97 (130,732,005)\par\pard\li1929\sb0\
sl-126\slmult0\par\pard\li1929\sb0\sl-126\slmult0\par\pard\li1929\sb70\sl-126\sl
mult0\fi0\tx4195 \up0 \expndtw-5\charscalex97 Share capital\tab \up0 \expndtw-5\
charscalex97 11,020,680\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4176 \up0 \expn
dtw-5\charscalex97 Reserves\tab \up0 \expndtw-5\charscalex97 30,203,696\par\pard
\li1929\sb10\sl-126\slmult0\fi0\tx4180 \up0 \expndtw-5\charscalex97 Unappropriat
ed profit\tab \up0 \expndtw-5\charscalex97 52,228,646\par\pard\li1929\sb14\sl-12

6\slmult0\fi0\tx4243 \up0 \expndtw-5\charscalex97 Surplus on revaluation of asse
ts - net of tax\tab \up0 \expndtw-5\charscalex97 8,001,568\par\pard\ql \li4142\s
b24\sl-126\slmult0 \up0 \expndtw-5\charscalex96 101,454,590 \par\pard\ql \li1670
\sb0\sl-230\slmult0 \par\pard\ql\li1670\ri698\sb19\sl-230\slmult0\tx2150\tx2150
\up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf1\f2\fs19 40.2 \ul0\nosupersub\c
f2\f3\fs19 Expected maturity dates do not differ significantly from the contrac
t dates except for the maturity of Rs. 722.938 \line\tab \up0 \expndtw-7\charsca
lex96 billion (2011: Rs. 577.132 billion) of deposits representing retail deposi
t accounts considered by the Bank as stable core \line \tab \up0 \expndtw-8\char
scalex96 source of funding of its operations. \par\pard\qj \li1670\sb0\sl-220\sl
mult0 \par\pard\qj\li1670\ri705\sb39\sl-220\slmult0\tx2150 \up0 \expndtw-7\chars
calex100 \ul0\nosupersub\cf1\f2\fs19 40.3 \ul0\nosupersub\cf2\f3\fs19 In accord
ance with BSD Circular Letter No.02 dated January 14, 2013, issued by SBP, the B
ank is required to report \line\tab \up0 \expndtw-7\charscalex100 maturity gaps
between of assets and liabilities on contractual basis which are as follows: \pa
r\pard\ql \li7852\sb0\sl-218\slmult0 \par\pard\ql\li7852\sb4\sl-218\slmult0 \up0
\expndtw-7\charscalex100 \ul0\nosupersub\cf1\f2\fs19 2012 \par\pard\li4214\sb31
\sl-126\slmult0\fi1492\tx6403\tx7195\tx7924\tx8592\tx10003 \up0 \expndtw-2\chars
calex100 \ul0\nosupersub\cf22\f23\fs11 Over one\tab \up0 \expndtw-2\charscalex10
0 Over three\tab \up0 \expndtw-2\charscalex100 Over six\tab \up0 \expndtw-2\cha
rscalex100 Over one\tab \up0 \expndtw-2\charscalex100 Over two
Over three\ta
b \up0 \expndtw-2\charscalex100 Over five\par\pard\li4214\sb9\sl-126\slmult0\fi0
\tx4905\tx5707\tx6504\tx7156\tx7953\tx8592\tx9321\tx10080\tx10780 \up0 \expndtw2\charscalex100 Total\tab \up0 \expndtw-2\charscalex100 Upto one\tab \up0 \expnd
tw-2\charscalex100 to three\tab \up0 \expndtw-2\charscalex100 to six\tab \up0 \e
xpndtw-2\charscalex100 months to\tab \up0 \expndtw-2\charscalex100 to two\tab \u
p0 \expndtw-2\charscalex100 to three\tab \up0 \expndtw-2\charscalex100 to five\t
ab \up0 \expndtw-2\charscalex100 to ten\tab \up0 \expndtw-2\charscalex100 Over t
en\par\pard\li4214\sb9\sl-126\slmult0\fi753\tx5716\tx6451\tx7171\tx7992\tx8659\t
x9350\tx10099\tx10867 \up0 \expndtw-2\charscalex100 month\tab \up0 \expndtw-2\ch
arscalex100 months\tab \up0 \expndtw-2\charscalex100 months\tab \up0 \expndtw-2\
charscalex100 one year\tab \up0 \expndtw-2\charscalex100 years\tab \up0 \expndtw
-2\charscalex100 years\tab \up0 \expndtw-2\charscalex100 years\tab \up0 \expndtw
-2\charscalex100 years\tab \up0 \expndtw-2\charscalex100 years\par\pard\li4214\s
b20\sl-149\slmult0\fi369 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf10\f11\
fs13 -------- ---------------- --------------- ------------- Rupees in '000 ----- ------------ ------------------- ------------ ---\par\pard\ql \li1929\sb0\sl
-126\slmult0 \par\pard\ql\li1929\sb0\sl-126\slmult0 \par\pard\ql\li1929\sb35\sl126\slmult0 \up0 \expndtw-5\charscalex88 \ul0\nosupersub\cf22\f23\fs11 Assets \p
\tx4958\tx5832\tx6643\tx7401\tx8140\tx8817\tx9504\tx10252\tx11025 \up0 \expndtw5\charscalex96 \ul0\nosupersub\cf21\f22\fs11 Cash and balances with treasury ban
ks\tab \up0 \expndtw-5\charscalex96 152,324,425\tab \up0 \expndtw-5\charscalex96
scalex96 241,577\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscal
ex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab
\up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\par\pard\li19
4\tx10252\tx11025 \up0 \expndtw-5\charscalex96 Balances with other banks\tab \up
0 \expndtw-5\charscalex96 23,907 ,534\tab \up0 \expndtw-5\charscalex96 20,849,62
\expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\par\pard\li1929\sb
5\sl-126\slmult0\fi0\tx4214\tx5040\tx5884\tx6489\tx7401\tx8140\tx8817\tx9504\tx1
0252\tx11025 \up0 \expndtw-5\charscalex96 Lendings to financial institutions\tab
,348,255\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\t

xpndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\par\pard\li1929\sb14\
56\tx10857 \up0 \expndtw-5\charscalex96 Investments\tab \up0 \expndtw-5\charscal
ex96 777,185,323\tab \up0 \expndtw-5\charscalex96 139,349,040\tab \up0 \expndtw5\charscalex96 126,584,794\tab \up0 \expndtw-5\charscalex96 119,580,190\tab \up0
ex96 20,398,915\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4137\tx4972\tx5774\tx65
04\tx7276\tx7972\tx8616\tx9350\tx10080\tx10915 \up0 \expndtw-5\charscalex96 Adva
nces\tab \up0 \expndtw-5\charscalex96 460,070,634\tab \up0 \expndtw-5\charscalex
harscalex96 61,971,239\tab \up0 \expndtw-5\charscalex96 21,337,121\tab \up0 \exp
0\fi0\tx4257\tx5145\tx5918\tx6643\tx7382\tx8011\tx8668\tx9403\tx10257\tx10871 \u
p0 \expndtw-5\charscalex96 Operating fixed assets\tab \up0 \expndtw-5\charscalex
96 21,185,101\tab \up0 \expndtw-5\charscalex96 108,385\tab \up0 \expndtw-5\chars
calex96 216,770\tab \up0 \expndtw-5\charscalex96 325,155\tab \up0 \expndtw-5\cha
rscalex96 650,310\tab \up0 \expndtw-5\charscalex96 1,300,620\tab \up0 \expndtw-5
ndtw-5\charscalex96 941,341\tab \up0 \expndtw-5\charscalex96 14,679,567\par\pard
\li1929\sb9\sl-126\slmult0\fi0\tx4267\tx5054\tx5923\tx6662\tx7401\tx8140\tx8817\
tx9504\tx10252\tx11025 \up0 \expndtw-5\charscalex96 Deferred tax asset\tab \up0
ndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\cha
-\tab \up0 \expndtw-5\charscalex96 -\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx42
19\tx4996\tx5807\tx6552\tx7281\tx8140\tx8817\tx9504\tx10252\tx11025 \up0 \expndt
w-5\charscalex96 Other assets\tab \up0 \expndtw-5\charscalex96 52,595,429\tab \u
09,868\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab
ndtw-5\charscalex96 -\par\pard\li1929\sb24\sl-126\slmult0\fi2174\tx4963\tx5697\t
x6417\tx7171\tx7953\tx8587\tx9278\tx10104\tx10881 \up0 \expndtw-5\charscalex96 1
,517,840,165\tab \up0 \expndtw-5\charscalex96 537,891,313\tab \up0 \expndtw-5\ch
arscalex96 189,697,005\tab \up0 \expndtw-5\charscalex96 205,467,798\tab \up0 \ex
pndtw-5\charscalex96 293,450,570\tab \up0 \expndtw-5\charscalex96 37,526,639\tab
96 41,939,571\par\pard\li1929\sb0\sl-126\slmult0\par\pard\li1929\sb18\sl-126\slm
ult0\fi0 \up0 \expndtw-5\charscalex96 \ul0\nosupersub\cf22\f23\fs11 Liabilities\
3\tx5006\tx5923\tx6662\tx7401\tx8140\tx8817\tx9504\tx10252\tx11025 \up0 \expndtw
-5\charscalex96 \ul0\nosupersub\cf21\f22\fs11 Bills payable\tab \up0 \expndtw-5\
charscalex96 18,878,652\tab \up0 \expndtw-5\charscalex96 18,878,652\tab \up0 \ex
-\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up
0 \expndtw-5\charscalex96 -\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4171\tx5001
calex96 Borrowings from financial institutions\tab \up0 \expndtw-5\charscalex96
scalex96 770,362\tab \up0 \expndtw-5\charscalex96 174,872,386\tab \up0 \expndtw5\charscalex96 237,218\tab \up0 \expndtw-5\charscalex96 183,231\tab \up0 \expndt
w-5\charscalex96 280,804\tab \up0 \expndtw-5\charscalex96 450,219\tab \up0 \expn

\tx9374\tx10152\tx11054 \up0 \expndtw-5\charscalex96 Deposits and other accounts
\tab \up0 \expndtw-5\charscalex96 1,141,164,975\tab \up0 \expndtw-5\charscalex96
820,026,718\tab \up0 \expndtw-5\charscalex96 98,545,410\tab \up0 \expndtw-5\cha
ab \up0 \expndtw-5\charscalex96 54,828\par\pard\li1929\sb4\sl-126\slmult0\fi0\tx
4267\tx5150\tx5923\tx6575\tx7329\tx8006\tx8817\tx9504\tx10252\tx11025 \up0 \expn
dtw-5\charscalex96 Sub-ordinated loans\tab \up0 \expndtw-5\charscalex96 4,857,48
5\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0
\expndtw-5\charscalex96 1,214,371\tab \up0 \expndtw-5\charscalex96 1,214,371\ta
b \up0 \expndtw-5\charscalex96 2,428,743\tab \up0 \expndtw-5\charscalex96 -\tab
dtw-5\charscalex96 -\par\pard\li1929\sb10\sl-126\slmult0\fi0\tx4214\tx5006\tx592
6 Other liabilities\tab \up0 \expndtw-5\charscalex96 38,221,804\tab \up0 \expndt
w-5\charscalex96 37,883,210\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw
-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 338,594\tab \up0 \expndtw-5\c
6 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\par\pa
rd\li4108\sb24\sl-126\slmult0\fi0\tx4958\tx5774\tx6412\tx7204\tx7948\tx8587\tx93
74\tx10171\tx10929 \up0 \expndtw-5\charscalex95 1,395,231,513\tab \up0 \expndtw5\charscalex95 887,172,505\tab \up0 \expndtw-5\charscalex95 99,315,772\tab \up0
-126\slmult0\par\pard\li1929\sb32\sl-126\slmult0\fi0\tx4161\tx4915\tx5755\tx6412
\tx7175\tx7948\tx8601\tx9283\tx10123\tx10857 \up0 \expndtw-5\charscalex96 \ul0\n
osupersub\cf22\f23\fs11 Net gap\tab \up0 \expndtw-5\charscalex96 \ul0\nosupersub
\cf21\f22\fs11 122,608,652\tab \up0 \expndtw-5\charscalex96 349,281,192)\tab \up
0 \expndtw-5\charscalex96 90,381,233\tab \up0 \expndtw-5\charscalex96 (57,925,65
8)\tab \up0 \expndtw-5\charscalex96 192,306,865\tab \up0 \expndtw-5\charscalex96
scalex96 114,709,760\tab \up0 \expndtw-5\charscalex96 39,211,259\tab \up0 \expnd
sb61\sl-126\slmult0\fi0\tx4238 \up0 \expndtw-5\charscalex95 Share capital\tab \u
219 \up0 \expndtw-5\charscalex95 Reserves\tab \up0 \expndtw-5\charscalex95 36,33
7 ,497\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4228 \up0 \expndtw-5\charscalex9
5 Unappropriated profit\tab \up0 \expndtw-5\charscalex95 62,128,562\par\pard\li1
929\sb10\sl-126\slmult0\fi0\tx4228 \up0 \expndtw-5\charscalex95 Surplus on reval
uation of assets - net of tax\tab \up0 \expndtw-5\charscalex95 12,019,845\par\pa
rd\ql \li4161\sb9\sl-126\slmult0 \up0 \expndtw-4\charscalex100 122,608,652
}
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}
6\sl-218\slmult0 \up0 \expndtw-8\charscalex93 \ul0\nosupersub\cf1\f2\fs19 2011 \
51 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf22\f23\fs11 Total\tab \up0 \e
xpndtw-2\charscalex100 Over one\tab \up0 \expndtw-2\charscalex100 Over three\tab
\up0 \expndtw-2\charscalex100 Over six\tab \up0 \expndtw-2\charscalex100 Over
one\tab \up0 \expndtw-2\charscalex100 Over two
Over three\tab \up0 \expndtw
-2\charscalex100 Over five\par\pard\li4257\sb9\sl-126\slmult0\fi691\tx5745\tx655
2\tx7195\tx7996\tx8640\tx9364\tx10127\tx10833 \up0 \expndtw-2\charscalex100 Upto
one\tab \up0 \expndtw-2\charscalex100 to three\tab \up0 \expndtw-2\charscalex10
0 to six\tab \up0 \expndtw-2\charscalex100 months to\tab \up0 \expndtw-2\charsca
lex100 to two\tab \up0 \expndtw-2\charscalex100 to three\tab \up0 \expndtw-2\cha
rscalex100 to five\tab \up0 \expndtw-2\charscalex100 to ten\tab \up0 \expndtw-2\
charscalex100 Over ten\par\pard\li4257\sb9\sl-126\slmult0\fi753\tx5755\tx6494\tx
7214\tx8030\tx8707\tx9393\tx10147\tx10920 \up0 \expndtw-2\charscalex100 month\ta
b \up0 \expndtw-2\charscalex100 months\tab \up0 \expndtw-2\charscalex100 months\
tab \up0 \expndtw-2\charscalex100 one year\tab \up0 \expndtw-2\charscalex100 yea
rs\tab \up0 \expndtw-2\charscalex100 years\tab \up0 \expndtw-2\charscalex100 yea
rs\tab \up0 \expndtw-2\charscalex100 years\tab \up0 \expndtw-2\charscalex100 yea
rs\par\pard\li4257\sb15\sl-149\slmult0\fi369 \up0 \expndtw-2\charscalex100 \ul0\
nosupersub\cf10\f11\fs13 ---- ---------------------------- --- ------------ ---- Rupees in '000 -------------- ------ --------- -----------------------\par\par
d\li1929\sb0\sl-126\slmult0\par\pard\li1929\sb14\sl-126\slmult0\fi0 \up0 \expndt
w-5\charscalex95 \ul0\nosupersub\cf22\f23\fs11 Assets\par\pard\li1929\sb9\sl-126
\slmult0\fi0\tx4152\tx5001\tx5827\tx6556\tx7401\tx8121\tx8817\tx9504\tx10252\tx1
1025 \up0 \expndtw-5\charscalex95 \ul0\nosupersub\cf21\f22\fs11 Cash and balance
s with treasury banks\tab \up0 \expndtw-5\charscalex95 103,080,076\tab \up0 \exp
ndtw-5\charscalex95 96,971,080\tab \up0 \expndtw-5\charscalex95 4,493,511\tab \u
\expndtw-5\charscalex95 216,718\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \ex
arscalex95 -\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4200\tx5006\tx5817\tx6633\
tx7315\tx8140\tx8817\tx9504\tx10252\tx11025 \up0 \expndtw-5\charscalex95 Balance
s with other banks\tab \up0 \expndtw-5\charscalex95 34,985 ,809\tab \up0 \expndt
tw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\chars

calex95 -\par\pard\li1929\sb10\sl-126\slmult0\fi0\tx4233\tx4992\tx5827\tx6662\tx
7401\tx8140\tx8817\tx9504\tx10252\tx11025 \up0 \expndtw-5\charscalex95 Lendings
to financial institutions\tab \up0 \expndtw-5\charscalex95 41,581,029\tab \up0 \
-\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4142\tx5020\tx5764\tx6417\tx7175\tx79
53\tx8620\tx9312\tx10161\tx10857 \up0 \expndtw-5\charscalex95 Investments\tab \u
103,644,374\tab \up0 \expndtw-5\charscalex95 142,699,067\tab \up0 \expndtw-5\cha
tw-5\charscalex95 49,095 ,266\tab \up0 \expndtw-5\charscalex95 8,562,188\tab \up
0 \expndtw-5\charscalex95 22,792,260\par\pard\li1929\sb10\sl-126\slmult0\fi0\tx4
166\tx4992\tx5745\tx6465\tx7247\tx7967\tx8596\tx9316\tx10099\tx10857 \up0 \expnd
tw-5\charscalex95 Advances\tab \up0 \expndtw-5\charscalex95 416,261,389\tab \up0
504\tx10252\tx11025 \up0 \expndtw-5\charscalex95 Deferred tax asset\tab \up0 \ex
ab \up0 \expndtw-5\charscalex95 -\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4243\
tx5212\tx5918\tx6619\tx7396\tx8078\tx8721\tx9427\tx10238\tx10871 \up0 \expndtw-5
\charscalex95 Operating fixed assets\tab \up0 \expndtw-5\charscalex95 17,107,263
0\tab \up0 \expndtw-5\charscalex95 220,966\tab \up0 \expndtw-5\charscalex95 441,
5 685,825\tab \up0 \expndtw-5\charscalex95 12,656,552\par\pard\li1929\sb10\sl-12
6\slmult0\fi0\tx4219\tx5035\tx5812\tx6547\tx7305\tx8140\tx8817\tx9504\tx10252\tx
11025 \up0 \expndtw-5\charscalex95 Other assets\tab \up0 \expndtw-5\charscalex95
43,941 ,323\tab \up0 \expndtw-5\charscalex95 31,213,196\tab \up0 \expndtw-5\cha
rscalex95 1,984,909\tab \up0 \expndtw-5\charscalex95 2,977,363\tab \up0 \expndtw
-5\charscalex95 7,765,855\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5
\charscalex95 -\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscale
x95 -\tab \up0 \expndtw-5\charscalex95 -\par\pard\li1929\sb24\sl-126\slmult0\fi2
135\tx4943\tx5779\tx6432\tx7224\tx7963\tx8592\tx9287\tx10104\tx10857 \up0 \expnd
tw-5\charscalex97 1,063,853,648\tab \up0 \expndtw-5\charscalex97 335,861,590\tab
x97 50,239,718\tab \up0 \expndtw-5\charscalex97 39,841,635\tab \up0 \expndtw-5\c
29\sb17\sl-126\slmult0\fi0 \up0 \expndtw-5\charscalex97 \ul0\nosupersub\cf22\f23
\fs11 Liabilities\par\pard\li1929\sb24\sl-126\slmult0\fi0\tx4219\tx5001\tx5923\t
x6662\tx7401\tx8140\tx8817\tx9504\tx10252\tx11025 \up0 \expndtw-5\charscalex97 \
ul0\nosupersub\cf21\f22\fs11 Bills payable\tab \up0 \expndtw-5\charscalex97 13,8
x97 -\tab \up0 \expndtw-5\charscalex97 -\tab \up0 \expndtw-5\charscalex97 -\tab
scalex97 -\par\pard\li1929\sb10\sl-126\slmult0\fi0\tx4214\tx5006\tx5812\tx6537\t
x7382\tx8083\tx8721\tx9403\tx10166\tx11025 \up0 \expndtw-5\charscalex97 Borrowin

gs from financial institutions\tab \up0 \expndtw-5\charscalex97 33,714,904\tab \
x97 3,052,016\tab \up0 \expndtw-5\charscalex97 -\par\pard\li1929\sb9\sl-126\slmu
lt0\fi0\tx4161\tx4943\tx5740\tx6470\tx7247\tx8001\tx8592\tx9379\tx10171\tx11006
\up0 \expndtw-5\charscalex97 Deposits and other accounts\tab \up0 \expndtw-5\cha
rscalex97 875,308,597\tab \up0 \expndtw-5\charscalex97 645,285,419\tab \up0 \exp
ex97 195,466\par\pard\li1929\sb9\sl-126\slmult0\fi0\tx4272\tx5150\tx5923\tx6662\
tx7401\tx8140\tx8644\tx9504\tx10252\tx11025 \up0 \expndtw-5\charscalex97 Sub-ord
inated loans\tab \up0 \expndtw-5\charscalex97 4,497,285\tab \up0 \expndtw-5\char
xpndtw-5\charscalex97 -\tab \up0 \expndtw-5\charscalex97 -\par\pard\li1929\sb10\
52\tx11025 \up0 \expndtw-5\charscalex97 Other liabilities\tab \up0 \expndtw-5\ch
scalex97 354,517\tab \up0 \expndtw-5\charscalex97 -\tab \up0 \expndtw-5\charscal
ex97 -\tab \up0 \expndtw-5\charscalex97 -\tab \up0 \expndtw-5\charscalex97 -\tab
\up0 \expndtw-5\charscalex97 -\par\pard\li4147\sb24\sl-126\slmult0\fi0\tx4924\t
x5750\tx6484\tx7243\tx8020\tx8596\tx9379\tx10156\tx11006 \up0 \expndtw-5\charsca
lex97 962,399,058\tab \up0 \expndtw-5\charscalex97 703,906,606\tab \up0 \expndtw
\expndtw-5\charscalex97 62,057,937\tab \up0 \expndtw-5\charscalex97 9,215,032\ta
195,466\par\pard\li1929\sb0\sl-126\slmult0\par\pard\li1929\sb0\sl-126\slmult0\p
\tx8572\tx9283\tx10099\tx10848 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf2
2\f23\fs11 Net gap\tab \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf21\f22\fs
11 101,454,590\tab \up0 \expndtw-4\charscalex100 368,045,016)\tab \up0 \expndtw4\charscalex100 (19,086,758)\tab \up0 \expndtw-4\charscalex100 93,200,441\tab \u
p0 \expndtw-4\charscalex100 109,713,555\tab \up0 \expndtw-4\charscalex100 41,024
,686\tab \up0 \expndtw-4\charscalex100 24,002,050\tab \up0 \expndtw-4\charscalex
100 128,510,997\tab \up0 \expndtw-4\charscalex100 32,750,669\tab \up0 \expndtw-4
\charscalex100 59,383,966\par\pard\li1929\sb0\sl-126\slmult0\par\pard\li1929\sb0
\sl-126\slmult0\par\pard\li1929\sb70\sl-126\slmult0\fi0\tx4223 \up0 \expndtw-5\c
harscalex97 Share capital\tab \up0 \expndtw-5\charscalex97 11,020,680\par\pard\l
i1929\sb14\sl-126\slmult0\fi0\tx4204 \up0 \expndtw-5\charscalex97 Reserves\tab \
up0 \expndtw-5\charscalex97 30,203,696\par\pard\li1929\sb4\sl-126\slmult0\fi0\tx
4209 \up0 \expndtw-5\charscalex97 Unappropriated profit\tab \up0 \expndtw-5\char
scalex97 52,228,646\par\pard\li1929\sb10\sl-126\slmult0\fi0\tx4267 \up0 \expndtw
-5\charscalex97 Surplus on revaluation of assets - net of tax\tab \up0 \expndtw5\charscalex97 8,001,568\par\pard\ql \li4166\sb17\sl-126\slmult0 \up0 \expndtw-5
\charscalex96 101,454,590 \par\pard\ql \li1670\sb0\sl-224\slmult0 \par\pard\ql\l
i1670\ri619\sb70\sl-224\slmult0\tx2116\tx2116\tx2116\tx2116\tx2116 \up0 \expndtw
-7\charscalex97 \ul0\nosupersub\cf1\f2\fs19 40.4 \ul0\nosupersub\cf2\f3\fs19 The
Bank has assets and liabilities that have contractual or non-contractual maturi
ties. The Bank conducts empirical and \line\tab \up0 \expndtw-7\charscalex100 st
atistical studies to assess the expected maturity of assets and liabil
ities with non-contractual maturities. The \line \tab \up0 \expndtw-6\charsca
lex100 behavioral maturities of Demand deposits are determined on the basis of a
n empirical study conducted by the Bank, \line \tab \up0 \expndtw-7\charscalex98

based on the past five years of data. The attrition rate of deposits is determi
ned based on historically observed monthly \line \tab \up0 \expndtw-6\charscalex
100 data of all Current and Saving Deposit accounts. The parameters used to dete
rmine the stickiness of deposits in the \line \tab \up0 \expndtw-6\charscalex100
study are accounts with balances above a minimum level and monthly change in ac
count balances. \par\pard\qj \li2116\sb0\sl-223\slmult0 \par\pard\qj\li2116\ri61
9\sb14\sl-223\slmult0 \up0 \expndtw-4\charscalex100 Overdraft facilities are a p
art of the loan portfolio that roll-over periodically and are constantly a part
of the balance \line \up0 \expndtw-7\charscalex100 sheet. The core or stable par
t of this asset category can be considered to have a behavioral maturity of a lo
nger tenor. \line \up0 \expndtw-7\charscalex98 Although, contractually such faci
lities are short-term, they are generally rolled over periodically; such as work
ing capital \line \up0 \expndtw-7\charscalex95 financing for commercial borrower
s. Hence these assets need to be analyzed as having a core portion which is stab
le and \line \up0 \expndtw-7\charscalex100 constantly appears on the balance she
et and a non-core portion that is relatively volatile. Statistical analysis is u
sed to \line \up0 \expndtw-6\charscalex100 ascertain the change in maturity prof
iling over time based on the cyclical changes in the outstanding amount against
\line \up0 \expndtw-7\charscalex100 Overdraft facilities. \par\pard\li1185\sb0\s
l-218\slmult0\par\pard\li1185\sb0\sl-218\slmult0\par\pard\li1185\sb32\sl-218\slm
ult0\fi0\tx1631 \up0 \expndtw-8\charscalex92 \ul0\nosupersub\cf1\f2\fs19 41.\tab
\up0 \expndtw-8\charscalex92 YIELD / INTEREST RATE RISK\par\pard\li1185\sb0\sl218\slmult0\par\pard\li1185\sb11\sl-218\slmult0\fi0\tx1631 \up0 \expndtw-8\chars
calex92 41.1\tab \up0 \expndtw-8\charscalex92 Interest rate risk management\par\
pard\ql \li1631\sb211\sl-218\slmult0 \up0 \expndtw-7\charscalex96 \ul0\nosupersu
b\cf2\f3\fs19 Yield risk is the risk of decline in earnings due to adverse movem
ent of the yield curve. \par\pard\qj \li1631\sb0\sl-220\slmult0 \par\pard\qj\li1
631\ri620\sb21\sl-220\slmult0 \up0 \expndtw-7\charscalex100 Interest rate risk i
s the risk that the value of the financial instrument will fluctuate due to chan
ges in the market interest rates. \up0 \expndtw-7\charscalex97 In accordance wit
h BSD circular letter no. 03 of 2011, issued by SBP, the Bank is required to rep
ort interest rate sensitivity gap \up0 \expndtw-7\charscalex97 of assets and lia
bilities on the basis of an objective and systematic behavioral study approved b
y ALCO committee.
}
}}
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}
6\sl-218\slmult0 \up0 \expndtw-8\charscalex100 \ul0\nosupersub\cf1\f2\fs19 2012
\ul0\nosupersub\cf22\f23\fs11 Exposed to yield / interest risk\tab \up0 \expndt
w-5\charscalex97 Not exposed\par\pard\li3023\sb23\sl-126\slmult0\fi23\tx3734\tx5
121\tx5884\tx6681\tx7372\tx8059\tx8721\tx10934 \up0 \expndtw-5\charscalex97 Effe
ctive\tab \up0 \expndtw-5\charscalex97 Total\tab \up0 \expndtw-5\charscalex97 Ov
er one\tab \up0 \expndtw-5\charscalex97 Over three\tab \up0 \expndtw-5\charscale
x97 Over six\tab \up0 \expndtw-5\charscalex97 Over one\tab \up0 \expndtw-5\cha
rscalex97 Over two\tab \up0 \expndtw-5\charscalex97 Over three
Over five\tab
\up0 \expndtw-5\charscalex97 o yield /\par\pard\li3023\sb10\sl-126\slmult0\fi52
\tx4372\tx5145\tx5980\tx6643\tx7401\tx8064\tx8803\tx9513\tx10166\tx10924 \up0 \e
xpndtw-5\charscalex97 yield /\tab \up0 \expndtw-5\charscalex97 Upto one\tab \up0

\expndtw-5\charscalex97 to three\tab \up0 \expndtw-5\charscalex97 to six\tab \u
p0 \expndtw-5\charscalex97 months to\tab \up0 \expndtw-5\charscalex97 to two\tab
\up0 \expndtw-5\charscalex97 to three\tab \up0 \expndtw-5\charscalex97 to five\
tab \up0 \expndtw-5\charscalex97 to ten\tab \up0 \expndtw-5\charscalex97 Over te
n\tab \up0 \expndtw-5\charscalex97 interest\par\pard\li3023\sb9\sl-126\slmult0\f
i0\tx4435\tx5155\tx5927\tx6657\tx7440\tx8131\tx8827\tx9532\tx10252\tx11025 \up0
\expndtw-5\charscalex97 Interest\tab \up0 \expndtw-5\charscalex97 month\tab \up0
\expndtw-5\charscalex97 months\tab \up0 \expndtw-5\charscalex97 months\tab \up0
\expndtw-5\charscalex97 one year\tab \up0 \expndtw-5\charscalex97 years\tab \up
0 \expndtw-5\charscalex97 years\tab \up0 \expndtw-5\charscalex97 years\tab \up0
\expndtw-5\charscalex97 years\tab \up0 \expndtw-5\charscalex97 years\tab \up0 \e
xpndtw-5\charscalex97 risk\par\pard\li3023\sb10\sl-126\slmult0\fi105\tx4531 \up0
\expndtw-5\charscalex97 rate\tab \up0 \expndtw-4\charscalex98 --- -- ----- ------ -- --- ---- ----- -- --- ------- -- --- -- ------- -- Rupees in '000 - --- ------ -- --- -- ------- --- -- -- --- -- -- --- ------- -- --- -----\par\pard\l
i1228\sb0\sl-126\slmult0\par\pard\li1228\sb46\sl-126\slmult0\fi0 \up0 \expndtw-5
\charscalex95 On -balance sheet assets\par\pard\li1228\sb5\sl-126\slmult0\fi0 \u
p0 \expndtw-5\charscalex95 Financial Assets\par\pard\li1228\sb9\sl-126\slmult0\f
i0 \up0 \expndtw-5\charscalex95 \ul0\nosupersub\cf21\f22\fs11 Cash and balances
with treasury\par\pard\li1228\sb14\sl-126\slmult0\fi76\tx3096\tx3628\tx4411\tx
5246\tx6105\tx6849\tx7550\tx8232\tx8942\tx9647\tx10358\tx10929 \up0 \expndtw-5\c
harscalex95 banks\tab \up0 \expndtw-5\charscalex95 1.37%\tab \up0 \expndtw-5\cha
rscalex95 152,324,425\tab \up0 \expndtw-5\charscalex95 31,691,239\tab \up0 \expn
dtw-5\charscalex95 1,740,557\tab \up0 \expndtw-5\charscalex95 241,577\tab \up0 \
expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\
charscalex95 -\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex
95 -\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 118,651
,052\par\pard\li1228\sb10\sl-126\slmult0\fi0\tx3672\tx4416\tx5236\tx6009\tx6849\
tx7550\tx8232\tx8942\tx9647\tx10358\tx11025 \up0 \expndtw-5\charscalex95 Balance
s with other banks\tab \up0 \expndtw-5\charscalex95 23,907,534\tab \up0 \expndtw
-5\charscalex95 11,364,021\tab \up0 \expndtw-5\charscalex95 2,995,257\tab \up0 \
expndtw-5\charscalex95 2,135,992\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \ex
-\tab \up0 \expndtw-5\charscalex95 7,412,264\par\pard\li1228\sb9\sl-126\slmult0
\fi0\tx3096\tx3672\tx4392\tx5289\tx6105\tx6849\tx7550\tx8232\tx8942\tx9647\tx103
58\tx11111 \up0 \expndtw-5\charscalex95 Lendings to financial institutions\tab
\up0 \expndtw-5\charscalex95 9.19%\tab \up0 \expndtw-5\charscalex95 24,828,255\t
ab \up0 \expndtw-5\charscalex95 23,928,255\tab \up0 \expndtw-5\charscalex95 900,
alex95 -\tab \up0 \expndtw-5\charscalex95 -\par\pard\li1228\sb10\sl-126\slmult0\
fi0\tx3057\tx3638\tx4343\tx5126\tx5908\tx6638\tx7348\tx8035\tx8750\tx9504\tx1019
5\tx10963 \up0 \expndtw-5\charscalex95 Investments\tab \up0 \expndtw-5\charscale
x95 10.04%\tab \up0 \expndtw-5\charscalex95 777,185,323\tab \up0 \expndtw-5\char
scalex95 115,836,696\tab \up0 \expndtw-5\charscalex95 135,879,567\tab \up0 \expn
dtw-5\charscalex95 127,847,162\tab \up0 \expndtw-5\charscalex95 267,194,110\tab
calex95 10,287,594\par\pard\li1228\sb4\sl-126\slmult0\fi0\tx3067\tx3595\tx4377\t
x5112\tx5899\tx6657\tx7382\tx8078\tx8755\tx9532\tx10248\tx11025 \up0 \expndtw-5\
charscalex95 Advances\tab \up0 \expndtw-5\charscalex95 11.69%\tab \up0 \expndtw5\charscalex95 460,070,634\tab \up0 \expndtw-5\charscalex95 33,880,662\tab \up0
x95 10,624,140\tab \up0 \expndtw-5\charscalex95 6,327,215\tab \up0 \expndtw-5\ch
arscalex95 1,262,486\tab \up0 \expndtw-5\charscalex95 9,616,997\par\pard\li1228\

sb14\sl-126\slmult0\fi0\tx3667\tx4574\tx5323\tx6105\tx6849\tx7550\tx8232\tx8942\
tx9647\tx10358\tx10948 \up0 \expndtw-5\charscalex95 Other assets\tab \up0 \expnd
tw-5\charscalex95 40,226,790\tab \up0 \expndtw-5\charscalex95 -\tab \up0 \expndt
xpndtw-5\charscalex95 -\tab \up0 \expndtw-5\charscalex95 40,226,790\par\pard\li1
228\sb24\sl-126\slmult0\fi2323\tx4343\tx5102\tx5889\tx6585\tx7353\tx8035\tx8755\
tx9513\tx10200\tx10915 \up0 \expndtw-5\charscalex96 1,478,542,961\tab \up0 \expn
dtw-5\charscalex96 216,700,873\tab \up0 \expndtw-5\charscalex96 347,263,005\tab
tw-5\charscalex96 186,194,697\par\pard\li1228\sb10\sl-126\slmult0\fi0 \up0 \expn
dtw-5\charscalex96 \ul0\nosupersub\cf22\f23\fs11 Financial Liabilities\par\pard\
li1228\sb23\sl-126\slmult0\fi0\tx3681\tx4574\tx5323\tx6105\tx6849\tx7550\tx8232\
tx8942\tx9647\tx10358\tx10963 \up0 \expndtw-5\charscalex96 \ul0\nosupersub\cf21\
f22\fs11 Bills payable\tab \up0 \expndtw-5\charscalex96 18,878,652\tab \up0 \exp
\expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw5\charscalex96 18,878,652\par\pard\li1228\sb10\sl-126\slmult0\fi0\tx3091\tx3638\
tx4358\tx5217\tx5961\tx6854\tx7502\tx8193\tx8894\tx9532\tx10358\tx11030 \up0 \ex
pndtw-5\charscalex96 Borrowings from financial institutions\tab \up0 \expndtw-5
\charscalex96 8.61%\tab \up0 \expndtw-5\charscalex96 192,108,597\tab \up0 \expnd
0 \expndtw-5\charscalex96 11,024,749\tab \up0 \expndtw-5\charscalex96 69,444\tab
\up0 \expndtw-5\charscalex96 168,158\tab \up0 \expndtw-5\charscalex96 179,672\t
ab \up0 \expndtw-5\charscalex96 420,057\tab \up0 \expndtw-5\charscalex96 1,021,3
\par\pard\li1228\sb9\sl-126\slmult0\fi0\tx3091\tx3571\tx4444\tx5116\tx5889\tx665
7\tx7339\tx8030\tx8812\tx9504\tx10382\tx10891 \up0 \expndtw-5\charscalex96 Depos
its and other accounts\tab \up0 \expndtw-5\charscalex96 5.24%\tab \up0 \expndtw
-5\charscalex96 1,141,164,975\tab \up0 \expndtw-5\charscalex96 77,511,718\tab \u
p0 \expndtw-5\charscalex96 108,703,857\tab \up0 \expndtw-5\charscalex96 541,150,
scalex96 9,389,747\tab \up0 \expndtw-5\charscalex96 6,043,738\tab \up0 \expndtw5\charscalex96 54,828\tab \up0 \expndtw-5\charscalex96 287,984,897\par\pard\li12
32\tx8942\tx9647\tx10358\tx11111 \up0 \expndtw-5\charscalex96 Sub-ordinated loan
s\tab \up0 \expndtw-5\charscalex96 2.42%\tab \up0 \expndtw-5\charscalex96 4,857,
\expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscal
ex96 -\tab \up0 \expndtw-5\charscalex96 -\par\pard\li1228\sb9\sl-126\slmult0\fi0
\tx3667\tx4574\tx5323\tx6105\tx6849\tx7550\tx8232\tx8942\tx9647\tx10358\tx10948
\up0 \expndtw-5\charscalex96 Other liabilities\tab \up0 \expndtw-5\charscalex96
36,370,853\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 \tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0
\charscalex96 -\tab \up0 \expndtw-5\charscalex96 -\tab \up0 \expndtw-5\charscale
x96 -\tab \up0 \expndtw-5\charscalex96 36,370,853\par\pard\li1228\sb24\sl-126\sl
mult0\fi2304\tx4324\tx5140\tx5889\tx6705\tx7348\tx8030\tx8788\tx9537\tx10382\tx1
0905 \up0 \expndtw-5\charscalex95 1,393,380,562\tab \up0 \expndtw-5\charscalex95

8,133\pa

Financial Statements Unconsolidated 2012

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Financial Statements Unconsolidated 2012

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arscalex97 (Rupees in '000)\par\pard\li1809\sb0\sl-218\slmult0\par\pard\li1809\s

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1\sl-220\slmult0 \up0 \expndtw-8\charscalex95 UNCONSOLIDATED PROFIT AND LOSS ACC

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\up0 \expndtw-8\charscalex95 -\tab \up0 \expndtw-8\charscalex95 Deferred tax on

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