DOCSLIB.ORG

Annual Report 2013 Annual Report 2013 01

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2013 Annual Report 2013 01 Annual Report 2013 Annual Report 2013 01 CONTENTS Corporate Information ........................................................04 Auditors’ Review Report to the members on Code of Corporate Governance......................................39 Vision & Mission Statement.................................................06 Shariah Advisor’s Report ....................................................40 Core Values .........................................................................07 Statement of Internal Controls ............................................42 Management .......................................................................08 Notice of Annual General Meeting .....................................44 Credit Rating .......................................................................10 Unconsolidated Financial Statements Six Years at a Glance ..........................................................12 of The Bank of Punjab..........................................................46 Corporate Social Responsibility (CSR).................................18 Consolidated Financial Statements President’s Message ..........................................................20 of The Bank of Punjab and its Subsidiary Economic Review ...............................................................23 Punjab Modaraba Services (Pvt.) Ltd. ..............................171 Directors’ Report ................................................................24 Pattern of Shareholding.....................................................293 Statement of Compliance with the Code Foreign Correspondents ...................................................301 of Corporate Governance ...................................................36 Form of Proxy CORPORATE INFORMATION Board Of Directors Mr. Ghafoor Mirza Chairman Mr. Naeemuddin Khan President/CEO Mr. Javaid Aslam Director Mr. Mohammad Jehanzeb Khan Director Mr. Tariq Mahmood Pasha Director Khawaja Farooq Saeed Director Mr. Saeed Anwar Director Dr. Umar Saif Director Syed Maratib Ali Director Mr. Raza Saeed Secretary To The Board Central Audit Committee (CAC) Khawaja Farooq Saeed Chairman Mr. Tariq Mahmood Pasha Member Mr. Saeed Anwar Member 04 The Bank of Punjab Board Risk Management Committee (BRMC) Registered Office Syed Maratib Ali Chairman BOP Tower, 10-B, Block-E-II, Mr. Tariq Mahmood Pasha Member Main Boulevard, Gulberg-III, Lahore. Mr. Saeed Anwar Member Telephone No.s: +92 - 042-35783700-10 Fax No. +92 - 042 - 35783975 UAN: 111-200-100 Human Resource & Remuneration Committee (HR&RC) Mr. Mohammad Jehanzeb Khan Chairman Website Khawaja Farooq Saeed Member www.bop.com.pk Dr. Umar Saif Member Mr. Naeemuddin Khan Ex-officio Member Registrar M/s. Corplink (Pvt) Limited Auditors Wings Arcade, 1-K, Commercial, M. Yousuf Adil Saleem & Co., Chartered Accountants Model Town, Lahore. Telephone No.s: +92 42 35916714, 35916719, 35839182 Fax No. +92 042 35869037 Annual Report 2013 05 VISION To be a customer focused bank with service excellence. MISSION To exceed the expectation of our stakeholders by leveraging our relationship with the Government of Punjab and delivering a complete range of professional solutions with a focus on programme driven products and services in the agriculture and middle tier markets through a motivated team. CORE VALUES OUR CUSTOMERS 01 as our first priority PROFITABILITY for the prosperity of our stakeholders that allows us 02 to constantly invest, improve and succeed CORPORATE SOCIAL RESPONSIBILITY 03 to enrich the lives of community where we operate RECOGNITION AND REWARD 04 for the talented and high performing employees EXCELLENCE 05 in everything we do INTEGRITY 06 in all our dealings RESPECT 07 for our customers and each other Annual Report 2013 07 MANAGEMENT Naeemuddin Khan President / CEO Khalid S. Tirmizey Shahid Waqar Mahmood Sajjad Hussain Nadeem Amir Moghis Bokhari Tariq Maqbool Deputy CEO Group Head Retail Banking Group Head Special Projects Chief Financial Officer Group Head Human Resource Chief Risk Officer 08 The Bank of Punjab Taimur Afzal Liaquat Ali Mahboob ul Hassan Khalid Qaiyum Asim Jahangir Seth Mustafa Hamdani Group Head Retail Finance Group Head Commercial Head C & IBG-I Head C & IBG-II Banking Group Head SAM Group Head Payment Services Ijaz ur Rehman Qureshi Irfanuddin Col (R) Sajid Ali Khan Khalid Munir Khawar S. Ansari Raza Saeed Group Head Audit & RAR Group Head Administrative Head Compliance & Internal Head Treasury & ECM Secretary to the Board Group Head Operations Support Control Annual Report 2013 09 CREDIT RATING Entity Ratings by PACRA Long Term: AA- Short Term: A1+ Rating Definition Long Term Rating AA: Very High Credit Quality. AA Ratings denote a very low expectation of credit risk. They indicate very strong capacity for timely payment of financial commitments. This capacity is not significantly vulnerable for foreseeable events. Short Term Rating A1+: Obligations supported by the highest capacity for timely repayment. 10 The Bank of Punjab SIX YEARS AT A GLANCE Criteria 2013 2012 2011 2010 2009 2008 BALANCE SHEET Total Assets Rs in m 352,698 332,111 280,998 229,190 216,670 185,909 Advance (net) Rs in m 157,286 149,605 127,130 120,818 121,316 131,731 Investments Rs in m 123,956 129,519 92,581 56,403 57,960 22,712 Shareholders Equity Rs in m 12,577 10,733 10,135 2,947 5,531 5,057 Revaluation Reserve Rs in m 905 1,638 638 721 645 (1,313) Deposits Rs in m 306,561 266,056 237,897 208,177 190,858 164,073 Borrowings Rs in m 22,802 44,684 24,964 11,527 14,040 12,279 OPERATING RESULTS Markup/ return/ interest earned Rs in m 24,228 24,666 20,685 18,220 15,642 17,753 Markup/ return/ interest expenses Rs in m 20,209 22,523 21,073 18,802 19,023 16,614 Net markup income Rs in m 4,019 2,143 (388) (582) (3,381) 1,139 Non-markup based income Rs in m 3,596 3,191 1,990 1,883 2,219 4,183 Non-markup based expenses Rs in m 5,280 4,558 3,711 4,168 3,029 2,925 Provision against NPLs Rs in m (673) (965) (3,164) 560 9,242 18,864 Net profit/(Loss) before tax Rs in m 3,001 1,404 523 (6,186) (14,374) (16,833) Net profit/(Loss) after tax Rs in m 1,938 1,634 348 (4,029) (10,069) (10,060) OTHER INFORMATION EPS (Non dilutive) Rs. Per share 2.36 2.63 0.66 (7.62) (19.04) (19.02) Dividend - Cash % - - - - - - Dividend - Bonus issue-Interim % - - - - - - - Bonus issue-Final % - - - - - - No. of branches No. 334 306 284 273 272 272 Staff Strength No. 6,092 5,491 4,999 4,464 4,279 4,156 Break up value per share* Rupees 5.58 4.82 4.55 1.93 3.62 9.56 *including impact of share deposit money at par value. 12 The Bank of Punjab Annual Report 2013 13 Bop Tijarat Account: A widely acknowledged Current withdrawal. Deposit product of BOP, =le[jKiXej]\i]XZ`c`kp offering following value added through ATM network. features: @ejliXeZ\Zfm\iX^\f] =i\\8KD&;\Y`k:Xi[ amount withdrawn from Issuance. ATM. =i\\8KDN`k_[iXnXc% @ejliXeZ\Zfm\iX^\]fi =i\\@jjlXeZ\f]:_\hl\ over the counter cash books. withdrawal. =i\\CfZb\i]XZ`c`kp% <$YXeb`e^% =i\\@jjlXeZ\f] PO/DD/CDR. =i\\@ek\i$Z`kp&n`k_`e$Z`kp On-line deposit/ 14 The Bank of Punjab GROWTH TRENDS DEPOSITS CASA ADVANCES (NET) INVESTMENTS Annual Report 2013 15 BOP Life Current Account: BOP Life Current Account is newly introduced current deposits product with added Disability (Accident & Sickness Both) Cover is available to the depositors. features of life insurance. Through this account, besides enjoying features of current =i\\8KD&;\Y`kDXjk\i:Xi[@jjlXeZ\I\e\nXc% account, the depositors also get an added advantage of free life insurance. Following =i\\8KDN`k_[iXnXc% are some of the salient features of BOP Life Current Account: =i\\@ek\i$Z`kp&n`k_`e$Z`kpFe$c`e\[\gfj`k&n`k_[iXnXc% =i\\C`]\@ejliXeZ\\hlXckfk_i\\k`d\jf]cXjkk_i\\dfek_jXm\iX^\YXcXeZ\f] =le[jKiXej]\i]XZ`c`kpk_ifl^_8KDe\knfib% account with an upper Limit of Rs 2.0 Million. =i\\`jjlXeZ\f]GXpd\ekFi[\ij;\dXe[;iX]kj :fdgfj`k\ C`]\ :fm\i EXkliXc Xe[ 8ZZ`[\ekXc ;\Xk_ Xe[ G\idXe\ek KfkXc <$YXeb`e^% 16 The Bank of Punjab GROWTH TRENDS ASSETS NET INTEREST MARGIN NON-PERFORMING LOANS PROFIT BEFORE TAX Annual Report 2013 17 CORPORATE SOCIAL RESPONSIBILITY (CSR) to promote different sports, tournaments of cricket, utilization of day light in the Head Office and all the Senior Citizens and Special Persons: squash and polo etc. are also being sponsored by Branches of the Bank. The use of generators is also The Bank of Punjab recognises its obligations to act responsibly, ethically and with integrity in its interactions with all stakeholders the Bank. strictly monitored for rational utilization and The Bank takes special care of senior citizens be they, staff, customers, community and the environment as a whole. visiting the branches and offices of BOP. Separate measures are taken to reduce noise pollution. counters have been established for senior citizens in The Bank, being one of the leading commercial Bank of the country and financial arm of the provincial Government of the Punjab, Environment protection and energy line with the directives of Government of Pakistan takes pride in actively participating in the programs and initiatives designed at the uplift of less privileged communities regardless conservation: In order to encourage alternative energy resources, and State Bank of Pakistan. of their geographical locations and ethnic division. The Bank primarily focuses the areas of education, sports, promotion of art & the Bank has introduced Solar Penal financing Besides extended employment opportunities to the culture and social welfare under its Corporate Social Responsibility
Load more

Recommended publications
  • 12. BANKING 12.1 Scheduled Banks Operating in Pakistan Pakistani Banks
    12. BANKING 12.1 Scheduled Banks Operating in Pakistan Pakistani Banks Public Sector Banks Nationalized Banks 1. First Women Bank Limited 2. National Bank of Pakistan Specialized Banks 1. Industrial Development Bank of Pakistan (IDBP) 2. Punjab Provincial Co-operative Bank Limited (PPCB) 3. Zarai Traqiati Bank Limited 4. SME Bank Ltd. Provincial Banks 1. The Bank of Khyber 2. The Bank of Punjab Private Domestic Banks Privatized Bank 1. Allied Bank of Pakistan Limited 2. Muslim Commercial Bank Limited 3. United Bank Limited 4. Habib Bank Ltd. Private Banks 1. Askari Commercial Bank Limited 2. Bank Al-Falah Ltd. 3. Bank Al-Habib Ltd. 4. Bolan Bank Ltd. 5. Faysal Bank Ltd. 6. KASB Bank Limited 7. Meezan Bank Ltd. 8. Metropolitan Bank Ltd 9. Prime Commercial Bank Ltd. 10. PICIC Commercial Bank Ltd. 11. Saudi-Pak Commercial Bank Limited 12. Soneri Bank Ltd. 13. Union Bank Ltd. Contd. 139 12.1 Scheduled Banks Operating in Pakistan Private Banks 14. Crescent Commercial Bank Ltd. 15. Dawood bank Ltd. 16. NDLC - IFIC Bank Ltd. Foreign Banks 1. ABN AMRO Bank NV 2. Al-Baraka Islamic Bank BSC 3. American Express Bank Ltd. 4. Citi Bank NA 5. Deutsche Bank AE 6. Habib Bank AG Zurich 7. Oman International Bank SAOG 8. Rupali Bank Ltd 9. Standard Chartered Bank Ltd. 10. The Bank of Tokyo-Mitsubishi Ltd. 11. The Hong Kong & Shanghai Banking Corporation Ltd. Source: SBP Note: Banks operating as on 30th June, 2004 140 12.2 State Bank of Pakistan - Assets of the Issue Department (Million Rupees) Last Day of June Particulars 2003 2004 2005 Total Assets 522,891.0 611,903.7 705,865.7 1.
    [Show full text]
  • Better STRONGER Together Better STRONGER Together
    ANNUAL REPORT 2016 Better STRONGER Together Better STRONGER Together TABLE of contents 02 Corporate Information 03 Vision, Mission Statement 05 Core Values 06 Management 10 Credit Rating 11 Six Years at a Glance 14 Corporate Social Responsibility (CSR) 18 President’s Message 22 Economic Review 24 Directors’ Report 45 Statement of Compliance with the Code of Corporate Governance 48 Auditors’ Review Report to the members on Code of Corporate Governance 49 Report of Shariah Board 54 Statement of Internal Controls 55 Notice of Annual General Meeting 59 Unsolidated Financial Statements of The Bank of Punjab 155 03Consolidated Financial Statements of The Bank of Punjab and its Subsidiary Punjab Modaraba Services (Pvt.) Limited 250 Pattern of Shareholding 256 Foreign Correspondents Form of Proxy ANNUAL REPORT 2016 01 CORPORATE information Board Of Directors Dr. Pervez Tahir Chairman Mr. Naeemuddin Khan President / CEO Mr. Mohammad Jehanzeb Khan Director Mr. Hamed Yaqoob Sheikh Director Dr. Umar Saif Director Syed Maratib Ali Director Dr. Muhammad Amjad Saqib Director Mr. Mohammed Afzaal Bhatti Director Khawaja Farooq Saeed Director Mr. Saeed Anwar Director Mr. Omar Saeed Director Mr. Raza Saeed Secretary to the Board Central Audit Committee (CAC) Khawaja Farooq Saeed Chairman Mr. Mohammed Afzaal Bhatti Member Mr. Saeed Anwar Member Mr. Omar Saeed Member Board Risk Management Committee (BRMC) Syed Maratib Ali Chairman Mr. Saeed Anwar Member Mr. Omar Saeed Member Human Resource & Remuneration Committee (HR&RC) Mr. Mohammad Jehanzeb Khan Chairman Syed Maratib Ali Member Mr. Mohammed Afzaal Bhatti Member Mr. Naeemuddin Khan Ex-oficio Member Auditors Deloitte Yousuf Adil Chartered Accountants Registered Ofce BOP Tower, 10-B, Block-E-II, Main Boulevard, Gulberg-III, Lahore.
    [Show full text]
  • Consortium Contact Detail (Lahore).Xlsx
    Bank Name Bank of Punjab ‐ Taqwa Islamic Banking Bank Name Meezan Bank 1st Contact person detail 1st Contact person detail Name Ghulam Mustafa Name Muhammad Ehtisham Contact number 0300‐6980309 Contact number 0304‐0920521 / 0345‐4511110 e‐mail address [email protected] e‐mail address [email protected] BOP, 7th floor, big city plaza, liberty Address roundabout opposite monal restaurant, Address 60‐Main boulevard gulberg Lahore main boulevard gulberg Lahore 2nd Contact person detail 2nd Contact person detail Name Abdul Rasheed Name Tassawar Hussain Contact number 0322‐4662808 Contact number 0304‐0920597 / 0345‐4548548 e‐mail address [email protected] e‐mail address [email protected] BOP, 7th floor, Big City Plaza, Liberty Address Roundabout Opposite Monal Restaurant, Address 60‐Main Boulevard Gulberg Lahore Main Boulevard Gulberg III Lahore Bank Name Faysal Bank limited Bank Name National Bank limited 1st Contact person detail 1st Contact person detail Name Syed Mazhar Arslan Name Mr. Farhan Ashraf Contact number 0321‐9449778 Contact number 042‐99268193 / 0321‐4998908 e‐mail address [email protected] e‐mail address [email protected] Faysal Bank, 1‐C, Sikandar Malhi Road, Address Address NBP, 69‐B, Main Boulevard, Gulberg II, Lahore. Canal Park, Gulberg II, Lahore 2nd Contact person detail 2nd Contact person detail Name Fahad Ali Name Mr. Muhammad Ashraf Contact number 0334‐4108658 Contact number 042‐99268428 / 0333‐4786078 e‐mail address [email protected] e‐mail address [email protected] Faysal Bank, 1‐C, Sikandar Malhi Road, NBP, Mezzanine Floor, Pace Tower, 27‐H, College Address Address Canal Park, Gulberg II, Lahore Road, Gulberg II, Lahore.
    [Show full text]
  • Islamic Banking Bulletin December 2016
    Islamic Banking Bulletin December 2016 Islamic Banking Department State Bank of Pakistan Islamic Banking Bulletin October-December 2016 Table of Contents Page No. Seminar on “Unlocking Islamic Finance Potential in the China Pakistan Economic Corridor (CPEC) and Beyond” Organized by Centre of Excellence in Islamic Finance Education (CEIFE), Institute of Business Administration (IBA) 3 Address by Mr. Saeed Ahmad, Deputy Governor, State Bank of Pakistan Islamic Banking Industry – Progress and Market Share 6 Country Model: Kenya 10 A Brief on Islamic Financial Services Board (IFSB)-17: IFSB’s Core Principles for Islamic Finance Regulation (CPIFR) (Banking Segment) (CPIFR 14 to CPIFR 22) 11 Events and Developments at Islamic Banking Department 13 Islamic Banking News and Views 14 Annexure I: Islamic Banking Branch Network 19 Annexure II: Province-wise Break-up of Islamic Banking Branch Network 20 Annexure III: City-wise Break-up of Islamic Banking Branch Network 21 2 Islamic Banking Bulletin October-December 2016 Seminar on “Unlocking Islamic Finance Potential in China Pakistan Economic Corridor (CPEC) and Beyond” Organized by Centre of Excellence in Islamic Finance Education (CEIFE) Institute of Business Administration (IBA) Address by Mr. Saeed Ahmad, Deputy Governor, State Bank of Pakistan Institute of Business Administration (IBA), Karachi January 17, 2017 Distinguished Guests, Ladies & Gentlemen, Assalam-o-Alaikum I am honored to be a part of this high level international forum and look forward to the discussions here today that are likely to be beneficial for Islamic finance stakeholders in the context of CPEC and beyond. Ladies and Gentlemen; The risk and reward sharing nature of Islamic finance and the greater probability of increased efficiency in allocating resources to the real sectors of the economy make it a more stable financial system that ensures sustainable growth.
    [Show full text]
  • IBFT- Account Number Formats
    IBFT- Account Number Formats Allied Bank Please enter Allied Bank Account Number by following the layout below: Total Digits of Account Number: 13 or 20 Digits Format Example: BBBBAAAAAAAAA or BBBBAAAAAAAAAAAAAAAA BBBB = 4 Digit Branch Code, AAAAAAAAA = 9 Digit Account Number, AAAAAAAAAAAAAAAA = 16 Digit Account Number Apna Microfinance Bank Please enter Apna Microfinance Bank Account Number by following the layout below: Total Digits of Account Number: 16 Digits Format Example: BBBBAAAAAAAAAAAA BBBB = 4 Digit Branch Code, AAAAAAAAA = 12 Digits Askari Bank Please enter Askari Bank Account Number by following the layout below: Total Digits of Bank Account Number: 14 Digits Format Example: BBBB = 4 Digit Branch Code, AAAAAAAAAA = 10 Digit Account Number Branchless Banking Account # Always consist of 11 digits Mobile Number. Al-Baraka Please enter Bank Al-Baraka total digits of account Number: Total Digits of Account Number: 13 Digits Bank Alfalah Please enter Bank Alfalah Account Number by following the layout below: Conventional A/C#: Total Digits of Account Number: 14 Format Example: BBBBAAAAAAAAAA BBBB = 4 Digit Branch Code, AAAAAAAAAA = 10 Digit Account Number Islamic A/C#: Total Digits of Account Number: 18 Digit Format Example: BBBBAAAAAAAAAAAAAA BBBB = 4 Digit Branch Code, AAAAAAAAAAAAAA = 14 Digit Account Number Branchless Banking Account # : Always consist of 11 digits Mobile Number. Bank Al-Habib Please enter Bank Al-Habib Account Number by following the layout below: Total Digits of Account Number: 17 Digit Format
    [Show full text]
  • Wide Screen Template
    KPMG Taseer Hadi & Co. Chartered Accountants Snapshot of results ofBanks inPakistan Snapshot of results of banks in Pakistanfor the six months period ended 30 June2019 This snapshot has been prepared by KPMG Taseer Hadi & Co. and summarizes the performance of selected commercial banks in Pakistan for the six months period ended 30 June 2019. The information contained in this snapshot has been obtained from the published interim consolidated financial statements of the banks. Reference should be made to the published interim financial statements of the banks to enhance the understanding of ratios and analysis of performance of a particular bank. The interim financial statements of Summit Bank and First Woman Bank Limited were not published till the date of our publication, and accordingly their results are not included in this snapshot. We have tried to provide relevant financial analysis of the banks which we thought would be useful for benchmarking and comparison. However, we welcome any comments, which would facilitate in improving the contents of this document. The comments may be sent at [email protected] Dated: 25 September 2019 Karachi © 2019 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rightsreserved. 2 HBL NBP UBL MCB ABL BAH Meezan 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 Ranking By total assets 1 1 2 2 3 3 4 4 5 5 6 6 7
    [Show full text]
  • Snapshot of Results of Banks in Pakistan Snapshot of Results of Banks in Pakistan Six Months Period Ended 30 June 2016
    KPMG Taseer Hadi & Co. Chartered Accountants Snapshot of results of Banks in Pakistan Snapshot of results of banks in Pakistan Six months period ended 30 June 2016 This snapshot has been prepared by KPMG Taseer Hadi & Co. and summarizes the performance of selected banks in Pakistan for the 6 months period ended 30 June 2016. The information contained in this snapshot has been obtained from the published consolidated financial statements of the banks and where consolidated financial statements were not available, standalone financials have been used. Reference should be made to the published financial statements of the banks to enhance the understanding of ratios and analysis of performance of a particular bank. We have tried to provide relevant financial analysis of the banks which we thought would be useful for benchmarking and comparison. However, we welcome any comments, which would facilitate in improving the contents of this document. The comments may be sent on [email protected] Dated: 23 September 2016 Karachi © 2016 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 2 Document Classification: KPMG Public HBL NBP UBL MCB ABL BAF 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 Ranking By total assets 1 1 2 2 3 3 4 4 5 5 6 6 By net assets 1 1 2 2 3 3 4 4 5 5 7 7 By profit before tax 1 1 4 4 2 3 3 2 5 5 7 8 Profit before tax * 28,298
    [Show full text]
  • IBFT Guideline
    MCB Bank Limited IBFT- Guidelines 1. Al Baraka Bank (Pakistan) Limited Please enter Bank Al-Baraka total digits of account Number: Total Digits of Account Number: 13 Digits Format Example: AAAAAAAAAAAAA Note: A = Account Number 2. Allied Bank Limited Please enter Allied Bank Account Number by following the layout below: Total Digits of Account Number: 13 or 20 Digits Format Example: BBBBAAAAAAAAA or BBBBAAAAAAAAAAAAAAAA Note: B = Branch Code, A = Account Number 3. APNA Microfinance Bank Please enter APNA Microfinance Bank Account Number by following the layout below: Total Digits of Account Number: 16 Digits Format Example: BBBBAAAAAAAAAAAA Note: B = Branch Code, A = Account Number 4. Askari Bank Limited Please enter Askari Bank Account Number by following the layout below: For Branch Banking: Total Digits of Bank Account Number: 14 Digits Format Example: BBBBAAAAAAAAAA Note: B = Branch Code, A = Account Number For Branchless Banking: Total Digits of Bank Account Number: 11 Digits Format Example: 03XXXXXXXXX 5. Bank Al-Habib Limited Please enter Bank Al-Habib Account Number by following the layout below: Total Digits of Account Number: 17 Digits Format Example: BBBBTTTTBBBBBBRRC Note: B = Branch Code, A = Account Number, T = Account Type, BBBB= Base Number, RR = Digit Running Number, C = Check Digit 111 000 622 mcb.com.pk /MCBBankPk Over 1350 Branches & ATMs 6. Bank Al-Falah Limited Please enter Bank Al-Falah Account Number by following the layout below: For Conventional Banking: Total Digits of Account Number: 14 Digits Format Example: BBBBAAAAAAAAAA Note: B = Branch Code, A = Account Number For Islamic Banking: Total Digits of Account Number: 18 Digits Format Example: BBBBAAAAAAAAAAAAAA Note: B = Branch Code, A = Account Number For Branchless Banking: Total Digits of Account Number: 11 Digits Format Example: 03XXXXXXXXX 7.
    [Show full text]
  • The Relative Efficiency of Commercial Banks in Pakistan with Respect to Size and Ownership Structure During and After Global Financial Crisis
    Journal of Accounting and Finance in Emerging Economies Vol 4, No 2, December 2018 Volume and Issues Obtainable at Center for Sustainability Research and Consultancy Journal of Accounting and Finance in Emerging Economies ISSN: 2519-0318ISSN (E) 2518-8488 Volume 4: Issue 2 December 2018 Journal homepage: publishing.globalcsrc.org/jafee The Relative Efficiency of Commercial Banks in Pakistan with Respect to Size and Ownership Structure During and After Global Financial Crisis 1Allah Bakhsh khan, 2Syed Zulfiqar Ali Shah, 3Muhammad Abbas, 4Qaiser Maqbool khan 1 Asst Professor (Commerce) Bahauddin Zakariya University, Multan, and PhD Scholar at International Islamic University, Islamabad. Pakistan. Email: [email protected] 2 Associate Professor, Faculty of Management Sciences, International Islamic University, Islamabad. Pakistan. 3 Assistant Professor, Air University, Multan Campus. Email: [email protected] 4 PhD Scholar at Department of Commerce, Bahauddin Zakariya University, Multan. Pakistan. Email:[email protected] ARTICLE DETAILS ABSTRACT History Purpose: This study has been carried out to find out the relative efficiency Revised format: Nov2018 of the commercial banks in Pakistan over a five- year period from 2006 to Available Online: Dec 2018 year 2010 using Frontier Approach of efficiency. The commercial banks included in this research paper are public sector banks, privatized banks, Keywords domestic private banks, and foreign banks. In addition to overall efficiency Efficiency, Banks, comparison of the commercial banks, this study has also tested the effect of Financial Intermediation, size and ownership structure of the commercial banks in Pakistan on their Moral Hazard, Data efficiency. Data/Design/Methodology/Approach: Out of 44 banks, 21 commercial JEL Classification: banks have been chosen, which, in terms of deposits, account for about 94 D61,E58,E44,Y10 percent of total deposits of the banking sector (Rs.5,124,308 million) as on December, 2010.
    [Show full text]
  • Mr. Farooq Rahmatullah Khan
    Mr. Farooq Rahmatullah Khan Farooq Rahmatullah Khan is a Law graduate. He joined Burma Shell Oil & Distribution Company in 1968 and worked in different roles in Chemicals, Human Resources, Marketing, Supply, Distribution, Retail, etc. He was transferred to Shell International London in 1994 as a Manager in the Business Strategy Division and was involved in various portfolios covering over 140 countries. On his return in 1998, he was appointed as Head of Operations of Shell Pakistan and was looking after Middle East and South Asia (MESA). In 2001, he was appointed as Chairman of Shell Companies in Pakistan and Managing Director of Shell Pakistan Limited. He is currently leading an Expert Energy group which has developed a 25-year Integrated Energy Plan (first time ever in the history of energy planning) for the country. This plan has been in principle accepted by the Government, Pakistan Business Council, international agencies and some other stakeholders. The Expert Energy group continues to work in updating and revising the energy plan on an annual basis and engaging political leadership and other stakeholders. Key Positions Held Chairman of Shell Companies in Pakistan and Managing Director of Shell Pakistan Limited Founding Member of PAPCO (Pak Arab Pipeline Company Limited) Director General of Civil Aviation Authority of Pakistan Chairman of Oil and Gas Development Company Limited Chairman of LEADS Pakistan Chairman of Pakistan Refinery Limited Founding Member of Pakistan Human Development Fund Member of the Economic Advisory Council, Ministry of Finance, Government of Pakistan Member of National Commission of Government Reforms Director on the Boards of PCB, PIA and Pakistan Stone Development Company He is serving on the Boards of Directors of Faysal Bank Limited Society for Sustainable Development Resource Development Committee of Aga Khan University Hospital Pakistan Refinery Ltd.-Director and Chairman of the Board Hascol Oil Company He is also a Trustee of Legends Trust (Formed by the Government of Sindh) Address: House No.
    [Show full text]
  • State Bank of Pakistan SME Financing Products
    State Bank of Pakistan SME Financing Products Small and Medium Enterprises Department THE TEAM Mr. Mansoor Hassan Siddiqui Team Leader [email protected] Mr. Allauddin Achakzai Member [email protected] Mr. Farzand Ali Member [email protected] CONTENTS Chapters Preface Definitions 1. Right Product for the Right Purpose 1 2. Commercial Banks’ Financing Products 2 3. Islamic Banks’ Financing Products 22 4. Import/Export Related Products 27 5. Contact Information/Designated Branches 32 Disclaimer: This document is intended for general information only. It does not contain exhaustive advice or information relating to the subject matter nor should it be used as a substitute for legal advice. The information contained in this document is provided by the commercial banks which may be subject to change and may not exactly match with the concerned bank’s prevailing policies & practices. PREFACE State Bank of Pakistan has been endeavoring for the improvement of development finance in the country with special focus towards SMEs. An increased flow of finance in SME sector coupled with enhanced credit exposure is a driving theme for the regulators to achieve the targeted inclusive growth. One of the major constraints hindering a smooth flow of finance to SME sector has been the non-availability of organized financial information with regard to the various products being offered by the banks. The publication of this booklet which offers all the required basic information about the sector specific products offered by different banks would allow the financial education of SMEs and also help them to make more informed decisions.
    [Show full text]
  • Supreme Court of Pakistan And
    SUPREME COURT OF PAKISTAN AND PRIME MINISTER OF PAKISTAN'S DIAMER BHASHA AND MOHMAND DAM FUND ACCOUNT LIST OF DONOR FOR 19 APRIL-19 RECEIPT Bank Depositor Name Amount Allied Bank Limited MOHAMMAD NAZAR 91,375 Allied Bank Limited A/CDRE M.A KHOKHAR 10,000 Allied Bank Limited M IMRAN ASLAM 10,000 Allied Bank Limited MALIK MUHAMMAD ALI 10,000 Allied Bank Limited 8,800 Allied Bank Limited SYEDMUBARAKALI 5,000 Allied Bank Limited ABRAR SHAH 2,000 Allied Bank Limited HAZIQAH SOHAIL 1,950 Allied Bank Limited AMIR 1,000 Allied Bank Limited BILAL KHAN 1,000 Allied Bank Limited SALMANKHALID 1,000 Allied Bank Limited MASROOR 1,000 Allied Bank Limited HIRA SAEED 1,000 Allied Bank Limited SABEEL 1,000 Allied Bank Limited FARRUKH MAHMOOD 500 Allied Bank Limited M AZEEM 500 Allied Bank Limited FAREEDA 500 Allied Bank Limited SALMAN HASSAN KHAWAJA 175 Allied Bank Limited NADIA SIKANDAR 100 Allied Bank Limited RAZA SAADAT 25 Allied Bank Limited Total 146,925 Bank Al Falah Limited MUHAMMAD HAMAD SHABIR 1,500 Bank Al Falah Limited AAMIR N CO 1,000 Bank Al Falah Limited Total 2,500 Bank Al Habib Limited DAR-E-ARQAM SCHOOL 50,000 Bank Al Habib Limited IMRAN HAQ 28,000 Bank Al Habib Limited SHABANA TARIQ 5,000 Bank Al Habib Limited ZAFAR FAROOQ MALIK 5,000 Bank Al Habib Limited SHAZIA SALEEM 2,000 Bank Al Habib Limited FAZAL 500 Bank Al Habib Limited SADIA BATOOL 200 Bank Al Habib Limited ABDUL GHAFFAR 100 Bank Al Habib Limited M ABDUL REHMAN 100 Bank Al Habib Limited USMAN ABBASI 20 Bank Al Habib Limited Total 90,920 Bank Alfalah Islamic Banking MUHAMMAD
    [Show full text]