EMBRACING THE ANNual SUSTAINABLE REPORT VALUE 2019
Head Office: www.facebook.com/ 23 - A, Sunderdas Road, Apnamicrofinancebank (Thandi Sarak) Zaman Park, Lahore. www.twitter.com Tel : +92 42-36362475-76 /amfbl UAN : +92 42 111-771-772 www.linkedin.com/ Email : [email protected] company/apna-microfinance- bank-limited www.apnabank.com.pk
KEY PERFORMANCE INDICATORS
Based on results of the Bank as presented in the Financial Statements Deposit and Other Accounts Micro Credits 18,317 9,072 (PKR in million) (PKR in million)
Total Assets Total Equity 20,543 1,872 (PKR in million) (PKR in million)
Mark-Up/Return/Interest Earned Profit Before Tax 2,900 89 (PKR in million) (PKR in million)
Profit After Tax Earning Per Share 54 0.17 (PKR in million) Rupees Per Share TABLE OF ORGANIZATIONAL CHART CONTENTS
About AMBL 03 Categories of Shareholders 43 Vision & Mission 04 List of CDC Beneficial Owners Holding Shares by Sponsors Directors 44 Core Values 05 Organizational Chart 06 List of CDC Beneficial Owners Holding Shares 10% and Above 44 Key Financial and Operational Data at a Glance 07 Major Loans Products 45 Achievements & Events 2019 08 Board Of Directors 12 FINANCIAL STATEMENTS Corporate Information 13 Corporate Meetings 14 Independent Auditors’ Report 47 Key Management 15 Balance Sheet 50 How We Performed 16 Profit and Loss Account 51 Chairman’s Review 18 Statement of Comprehensive Income 52 President / CEO’s Message 19 Cash Flow Statement 53 Directors’ Report to the Members 20 Statement of Changes in Equity 54 Directors’ Report (Urdu) 34 Notes to the Financial Statements 55 Mettings of the Board 35 Our Branches 82 Mettings of the Audit Committee 35 Notice for the Seventeenth 89 Statement of Compliance with listed Annual General Meeting companies the Code of Corporate 36 Governance Form of Proxy 91 Independent Auditor’s Review Report 38 Ethics and Business Practices 39 Pattern of Shareholding 42 About AMBL
ABOUT AMBL
Apna Microfinance Bank Limited is managed by group of highly experienced bankers. We are committed to provide specialized financial services to the less privileged, marginalized and poor segements of society . We support economic empowerment of women & micro-entrepreneurs in the Agri and Micro enterprises in rural areas of Pakistan. The Bank has been operating at national level in Pakistan.
Our main focus is to provide personalized services to the poor segment of the society through our dedicated products aimed at changing their life-style by entering them in micro-entrepreneurship at the lowest mark-up rate in the market.
We aim to:
• Arrange capacity building of underserved masses by improving attitudes, skill, knowledge and ability to initiate and manage economically viable projects.
• Provide finances, advances and other credit facilities for the development of agriculture and rural market sector including production, marketing and house finance facilities.
• Mobilize savings by accepting deposits in savings and other specialized deposit products.
• Combine the knowledge base with the modern management methodology, latest technology, sophisticated financial instruments, universal micro-banking concepts and current corporate sciences.
• Create and perpetuate a culture of balanced approach for the development of market related competitive and innovative financial services. Introducing a culture of innovation and excellence with a view to find acceptable solutions to real and conceived impediments for promoting a true microfinancial regime.
Apna Micro Finance Bank 3 VISION & MISSION OF AMBL VISION
‘SELF RELIANCE THROUGH SELF GENERATION’
To strive and play our role in eradicating poverty by providing them opportunity to make their lives better on sustainable long term basis, through inculcating sense of participation, vision, prioritization, and justified use of available resources; and providing required & justified financial assistance.
MISSION
Alleviating the poverty by providing financial services and professional advices, which have a lasting positive impact on our customers’ standard of living, their financial sustainability and growth in their income generation.
4 Annual Report 2019 CORE VALUES OF AMBL CORE VALUES
The Bank is aimed to inculcate a nurturing and invigorating corporate culture based on providing a safe and healthy professional environment, where the employees are valued, respected, and able to deliver their full potential.
The Bank expects its staff to be honest, truthful, straightforward, committed, and dedicated to their work and discharge their duties in a highly professional manner.
The following will be the core values of the Bank, which it will endeavor to, pursue in the achievement of its short and long term goals/ objectives.
HONESTY SERVICE CREATIVITY We are Honest, We care our valued We are Creative, Integrated, and Trustful customer Innovative, and Quality conscious
RECIPROCITY TRANSPARENCY GROWTH
We believe in building a We are responsible, We provide equal top notch professional trustworthy and law opportunity and team abiding in all that we do growth
BANK’S PHILOSOPHY
“It is far better to help a poor person by teaching him how to catch a fish instead of buying him a fish.”
“ALLAH HELPS THOSE WHO HELP THEMSELVES”
Microfinance may not be posed a significant impact on the overall poverty scenario but it will certainly change the life of the Micro Entrepreneurs.
Apna Micro Finance Bank 5 ORGANIZATIONAL CHART OF AMBL
ORGANIZATIONAL CHART
CHAIRMAN OARD OF DIRECTORS