Value Added Statement: Letter of Undertaking

Value Added Statement
LETTER OF UNDERTAKING
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SCCANNED COPY OF THE INTERNSHIP CERTIFICATE
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ACKNOWLEDGEMENT First of all I will thankful to ALLAH almighty that gave me knowledge and power to make me able to complete my internship. Secondly I am thankful to Virtual University of Pakistan who provide me this opportunity to have an experience in a reputed organization and groom myself for the future professional responsibilities. I shall also thankful to the employees of Askari Bank Kamra Branch for their kind support and cooperation in this project. Last I will thankful to my family and friends to give me the moral support, inspiring guidance and remarkable suggestions to accomplish this task successfully.
EXECUTIVE SUMMARY Virtual University of Pakistan had assigned me a task to do 6-8 weeks internship in any recognized institution. I have decided to take up Askari Commercial Bank Limited for internship because its competing bank now a day and gives a good training to the internee. So in order to learn more this was my choice. This report is about my internship that I have undergone at Askari Commercial Bank Limited Kamra Branch from 16th May 2011 to 27th June.2011.During my internship I am able to learn practice aspect of business, and get good working experience. On the very first day of my internship I reported to Human Resource Manager/ Operation Manager Mr.Sajid .Hr gave me small introduction of the bank and introduced me to the staff of the bank. Every internee is rotated among the banks departments and so was I. This rotation is done in order to have general concept regarding banks functions, operations and policies. In this rotation the stay in department is usually a week. I have learned more about the Account Opening department and have given below the caption of activities I was involve in during the period of six weeks.
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During my internship I keenly observe every person working in the organization. I also spend my most of the time with operation manager of the bank he assigned me different task, which I had done with a lot of care and attention and Mr. Sajid guide me about each and every thing very generously and ignore my mistakes. I found that low profit rates are one of the major reasons for Askari Bank for not meeting the deposit targets. The profit rates on Askari deposit schemes are quite low when compare with other banks especially with the National Saving Centers. In today every customer is the rational customer he knows the value of money and wants a best return on his money. Earlier Askari Commercial Bank were able to attack customer due to their ancillary services like ATM Cards, Credit Cards, Online Banking etc, but now all the banks are offering these services. TABLE CONTENTS Title page------------------------------------1 Letter of Under taking Scanned copy of the internship certificate Acknowledgement--------------------------2 Executive summary-------------------------3 Table of contents---------------------------4 Introduction of the organization.---------5 Branch detailed----------------------------6 Brief history-----------------------------7 Awards and Achievements-------------8 Organizational Hierarchy chart--------9-10 Business Volume----------------------11 Product lines-------------------------11-12-13-14 Competitors------------------------------18 Brief introduction of departments----------19 Comments on Organization structure---------19 Plan of internship program-------------20 Brief introduction of organization Training program----------------------21 Ratio Analysis------------------------22 Future plans of organization--------------23 Conclusion---------------------------24 SWOT Analysis-----------------25 Recommendations----------------------26 References and Sources used---------------27 Annexes.--------------------------28
BRIEF INTRODUCTION OF THE ORGANIZATIONS BUSINESS SECTOR Askari Commercial Bank Limited (ACBL) works as a Unit of Army Welfare Trust was established for the Welfare of Army Officials. The office of Army Welfare Trust is situated at AWT Plaza, Rawalpindi. AWT offers the AWT Saving Scheme to the army officials only. AWT has its units as under: 1. Askari Associates.
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2. Askari Leasing. 3. Askari General. 4. Private Business. 5. Textile Mills. 6. 6. Cement Industry. 7. Askari Commercial Bank. Incorporated in Pakistan on October 09, 1991. The bank obtained business commencement certificate on February 26, 1992 and started operations form April 1, 1992, as public limited company, and has since expanded into a nation-wide presence of 51 branches, supported by a network of online ATMs. The Bank is listed on the Karachi, Lahore and Islamabad Stock Exchanges and the initial public offering was over subscribed by 16 times. Askari Commercial Bank is scheduled Commercial Bank and is principally engaged in the business of banking as defined in the Banking Companies Ordinance 1962. Askari Commercial Bank limited continues to scale new heights in all areas of its operations. The safety and security of depositors funds, high productivity and optimum use of technology are the hallmarks of its corporate strength. While capturing the largest market share amongst the new banks, Askari has provided good value to its shareholders. Share price of ACBL has remained approximately 12% higher than the average share price of quoted banks during the last four years. Askari Bank is principally engaged in the business of banking as defined in the Banking Companies Ordinance, 1962. As at December 31, 2002 the Bank had total assets of PKR 70.313 billion, with over 250000 banking customers.
Overall View of Organization Brief History Askari Bank Limited is a Pakistan-based commercial bank engaged in the provision of general banking services. Its segments include corporate financing, which includes corporate and investment banking activities; trading and sales, which includes the Bank's treasury and money market activities; retail banking, which provides services to small borrowers and includes loans; commercial banking, which provides services related to project finance, trade finance, lending, bills of exchange and deposits from corporate customers; payment
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and settlement, which includes income from payments and collections; agency service, which includes income from rent of lockers provided to customers, and subordinated loans, which represents term finance certificates issued by the Bank. During the year ended December 31, 2009, the Bank operated 226 branches/sub-branches, including 31 Islamic banking branches and a wholesale bank branch in Bahrain.
Awards & Achievements
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., while the long-term rating stands at AA. Askari Bank won the prestigious Best Presented Annual Accounts awards for 2000 and 2001 from the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management Accountants of Pakistan, for the services sector. For the past four years, ACBL have received prizes from the South Asian Federation of Accountants for The Best Over the years, ACBL have received several Presented Annual Accounts for the financial awards for the quality of our banking service to sector, in the ASSRC region. individuals and corporate. ACBL have been declared The Best Bank in Pakistan by the Global Finance magazine for the years 2001 & 2002. Also, ACBL have been given the Best Consumer Internet Bank award for Pakistan by the same magazine for the year 2002. in 1994, 1996 and 1997, ACBL received Euro money and Asia money awards Askari has A1+ rating for short-term obligations the highest possible for the category
Organizational Hierarchy Chart
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Business Volume
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Product lines Askari commercial bank offers many products like Consumer banking Islamic banking Agriculture finance solution a corporate investment etc Consumer banking product A) Askari finance loan B) Investment product Islamic banking services
Personal Finance Mortgage Finance Business Finance Smart Cash Mahana Bachat Account Roshan Mustaqbil Deposit Deposit Multiplier Account Value Plus Deposits Rupee Traveler Cheques ASKCARD (Askari Debit Card) Internet Banking Service Electronic Bill Payment Services Cash Management Services Investment Certificates
Islamic Corporate Banking

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Islamic Investment Banking Islamic Trade Finance Islamic General Banking Islamic Consumer Banking
Agriculture finance solution Kissan Ever Green Finance Kissan Tractor Finance Kissan Aabpashi Finance Kissan Livestock Development Finance Kissan Farm Mechanization Finance Kissan Transport Finance Corporate & Investment Banking Corporate Banking Division Term Loans Fund Transfers / Remittances Investment Banking Division Project Finance Islamic Finance Askari Auto loans)
According to the need and ever changing demands of customers Askari Bank has introduce the Auto loans services to their customers to meet their desires. The tenor of these loans is based on the amount that customer wants. Askari I-Net Banking
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Askari bank offer banking through Internet. Askari Bank is the first bank in Pakistan to provide such service to its valued customers which is absolutely free funds transfer statement of accounts, free payment of utility bills, Balance enquiry, change of password, Payment of School fee. Askari Master Card
It has always been our endeavor to introduce products and services tailor made to the requirements of our valued customers. Now your utility bills through------------
ASK CARD. Askari bank ATMS National wide. Internet Banking services.
Askari Cash Management Services
Askari cash management services aimed to efficiently manage the accounts receivable portfolio of medium and large corporate entities. While these services helps the corporate entities to improve their liquidity, due to our well-diversified branch network. The service primarily aims at providing; clearing, collection and cash transfer facility to corporate under one resource, which will handle to process through the branches and provide adequate reporting to the corporate clients various aspects of their accounts received portfolio, every month. Askari Travelers Cheques
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Askari Bank Limited always remained at fore front in introducing innovative and unique products in banking sector. Our financial instruments provide greater financial freedom and security in an unmatched way to ou7r-valued customers. Askari Bank offers you its Rupee Traveler Cheques eliminating all financial risks while traveling. So avoid risk of carring cash through Askari Banks Rupee Traveler Cheques. ASK CARD (debit card)
Askari is committed to provide you innovation and competitive solutions to your banking needs in a more efficient and personalized manner. Your bank enjoys a strategic competitive advantage over all domestic players by virtual of its leadership, large network and technological advancement. In line with our tradition of innovation.Askari Bank takes pride in announcing launch of Askari Banks Debit Card. Askari Banks (Home loans)
Askari Bank has made the realization of your dream to have a house of your very own possible. Whether you plan to build a house, tailor made to your requirements or buy a constructed house, Askari mortgage finance enables you to pursue your goal without any problems. Owning a house for oneself still remains an exclusive dream for many. Askari bank has made the realization for your dream to have a house, tailor made to your requirement or buy a constructed house. Askari Banks Personal Financing
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Askari Bank Personal Financing makes sure that you get the most out of your loan. No matter what your need is, Askari Bank has more ways to serve you then ever before. With unmatched financing features in term of loan amount, payback period and most affordable monthly installments. SMART CASH
Askari Bank Investment Certificates not only provide the added security, investment and monthly return to the customers. These certificates are negotiable and can be transferred to third party. Investment certificate can be issued for a period of 3 months and profit is payable on monthly basis through pre-printed tear off coupon. Askari Kissan
Due to diverse geographical and climatic conditions the country has tremendous potential for growth and development in agriculture. However adequate and timely financial assistance to the farmers will improve production potential of agriculture sector in the country. The modern concept of agricultural credit envisages establishment of an efficient institution credit system to save as a package of credit, supplies and knowledge for the overall strength of the farmers who at the present suffer from the low productivity and financial insecurity. A successful credit evaluation system, therefore should have the basic ingredients to provide adequate amount at the right time and in the right form to help farmers in making a productive use of loan funds.
Competitors A. Public Sector commercial bank

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1. First Women Bank Ltd 2. National Bank of Pakistan 3. The Bank of Punjab B. Local Private Banks 1.Allied Bank Ltd 2. Bank Al-Falah Ltd. 3. Bank Al-Habib Ltd. 4. Faysal Bank Ltd. 5. Habib Bank Ltd. 6. KASB Bank Ltd. 7. Meezan Bank Ltd. 8. Metropolitan Bank Ltd 9. MCB Bank Ltd. 10. Saudi-Pak Commercial Bank Ltd. 11. Soneri Bank Ltd. 12. United Bank Ltd B) C. Foreign Banks 1Standard Chartered Bank Ltd C) D. Specialized Banks 1. Zarai Traqiati Bank Ltd Brief Introduction of all the departments Askari Bank has lot of departments as follows Operational Department The function of this department is to prepare plans of bank and its a supportive hand for many essential works or matters of bank. Operational department is also responsible for the security of fixed assets of bank. Credit Department The function of credit department of Askari Bank is to advance loans. This department offers loans for various purposes of life and also charges interest. Thus this department mostly uses to advance loans for short term trade financing. Cash Department This department is one of the most important departments of Askari Bank, which is used for cash transaction of bank. Thus cash department is responsible for checking signature of cheques. After going through this process cash department makes transaction of each. Remittance Department The unction of this department is that this department work as an agent on the behalf of the customer in safe transaction from one place to another. Accounts Department
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This department is responsible for keeping daily records of voucher. Accounts department also keep record of expenses, confirmation of utility bills and distribute salsries. Accounts department also involve in custody and supply of stationary of bank. Audit Department The department checks records of the bank and this department also has direct contact with state bank of Pakistan. Audit Department is also responsible for every operation of bank with desiring of improving management of internal control. Corporate Department The function of this department is to deal with those customers those have large-scale business. Its major activities are advancing syndicated loans, guarantees and work with capital finance. HRM Department The department involve in managing function of recruitment, staff training and evaluation. International Department This department is involved in foreign trade transaction. This department also manages correspondent and planning for abroad functions IT Department The computer has the way of working now all the departments of Askari Bank limited perform the following duties like verification of NIC, Computerize record keeping of Accounts,, generating reports of daily transactions in the bank, Maintaining the LAN. Agriculture Department It provides different kind of loans to kissan or farmers including. Kissan Ever Green financing, kissan tractor financing, kissan Aabpashi financing, kissan livestock development financing. Comments on the organizational structure According to my observation the structure of Askari Bank is centralized decision making and simply dynamic. All the major Decisions are taken by top-level .The in charge of each departments has to report to the Operation manager who than reported to the Branch Manager. Department divides the jobs duties and responsibilities but due to short number of employee organization jobs responsibilities are share between employees. . The main advantage of centralize decision making is supervisor can judge and evaluate the performance of each employee. PLAN OF INTERNSHIP PROGRAM Brief introduction of the branch I did my internship in the Askari Commercial Bank Kamra branch .It is situated near the GATE NO #2 in Qutbq Moor Kamra.It has almost 17 employees. The building of the bank is very beautiful and attractive .The environment is very friendly and cooperative. The Branch Manager of this branch is Mr.Nisar Ahmed Muneer Who is very serious, hardworking and competent person. It has following departments a) b) c) d) e) f) g) h) Credit Department Incharge is Mr.Rizwan . Account opening Department Incharge is Miss Sadaf Agriculture Department Incharge is Mr.Ashraf Cash Department Incharge is Mr.Atif Accounts Department Incharge ic Mr Saeed Remittance Department incharge is Mr Faheem IT Department incharge is Mr.Yasir ATM
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i) HRM etc these departments are under the supervision of Operation Manger Mr Sajid Hussain I started my internship on 16thMay, 2011 to 27th June 2011 NANE OF DEPARTMENT Credit Department Account Opening Accounts Department Agriculture Department Bills Remittance FROM (date) 14-05-11 17-05-11 16-06-11 19-06-11 24-06-11 DURATION TO (date) 16-05-11 15-06-11 18-06-11 23-06-11 27-06-11
TRAINING PROGRAM They have assigned me the following task during my internship OPENING THE ACCOUNT OF CUSTOMERS They assigned me the task of opening the account of the customers Procedure 1) First the customer has to fill the account opening form in which he had to give following information. a) b) c) d) e) f) g) h) i) j) k) l) m) n) o) p) Customer name CNIC No CNIC expiry date Mothers name Family name Family no Date of birth Qualification Profession Source of income Monthly income Marital Status No.of Dependents Mobile no House status Next of Kin; Name etc
After filling the form he had to give the copy of NIC card and also submit Rs 1000
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Than I match his signature with the signature on the CNIC card and check whether all the requirements of the form are completed or not than I take the form to Mr.Sajid who is the operation Manager of the bank. After his confirmation I give the form to the customer and he submit that form to Mr Atif who is the INCHARGE of the Cash department who than issue him his account number. APPLY FOR ATM CARDS They assigned a task of applying for the ATM cards PROCEDURE First the customers have to fill the ATM apply form in which they had to give the following data a. Account title b. Mailing Address c. CNIC No d. Gender e. Expiry date of CNIC no f. Marital Status g. Date of birth h. Mother Name i. Phone number j. Address k. Emergency Contact Person Similarly I check that whether all the requirements are complete or not. After that I take all the ATM forms of the customers and make the entry of all of them in the ATM card register. Than I attach all the forms together with the applying letter and take the signature of Operation Manager and give it to MAIL. APPLT FOR CASH BOOK They give me the task of applying for the cashbooks PROCEDURE First the customer has to fill the form for applying for cash book in which he had to give following data a. Account number b. Title of account c. Number of leaves of the cheque book d. Signature Than I collect the entire chequebook apply forms and make the entries in the Chequebook apply register I also make the entries of the account opening forms in the computer As Askari Bank has the online banking. System so they record all their data in the computer .I record all the information of the account opening forms in the computer. Maintaining the registers of the Account opening forms. There are the separate registers of all the type of accounts, which contains all the forms of the customers who have an account in the Askari Bank.I pasted all the new forms in theat registers.
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Taking the print of the VERAYES OF CNIC CARDS For the confirmation of the information given by the customers VERAYES are attached with the forms. They assigned me the task of taking the print of the verayes and attached it with the forms. Issue the ATM cards They have assigned me a task of issuing the ATM cards of the customers PROCEDURE a. I take the ATM card of the customer to the BM of the ranch he give me the PIN code of that ATM card. b. Than I take the signature of the customer on the register in which I make the entry of that ATM card. c. Than give the customer his ATM card. Issuance of Cash BOOK They have assigned me the task of issuing the cashbook to the customers PROCEDURE a. I take the cashbook of that person and take his signature on that form which he had filled when he apply for the cashbook and also on the cash book entrance register b. Than give the cash book to the customer. I also make the Offical letters on word during my internship used for different perposes in the Bank.
I also cancel the chequebook of those persons whose chequebooks is there for more thn 60 days I also maintain the specimen signature cards.
RATIO ANALYSIS
Current Ratio Year 2008 1.288 Times Acid Test Ratio

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Year 2009 1.253 Times
Year 2010 1.011 Times

Year 2008 1.277803364 Times Year 2009 1.248130251 Times Year 2010 1.004901998 Times
Working Capital Year 2008 38,130,862 Year 2009 41,360,576 Year 2010 2,222,689
Times Interest Earned Year 2008 1.047 Times Year 2009 1.1182 Times Year 2010 1.0696 Times
Debt Ratio Year 2008 0.9367 Times Year 2009 0.9410 Times Year 2010 0.9490 Times
Debt/Equity Ratio Year 2008 15.9759 Times Year 2009 18.1830 Times Year 2010 20.1585 Times
Debt to Tangible Net worth Ratio Year 2008 14.848 Times Year 2009 16.007 Times Year 2010 18.700 Times
Total Capitalization Ratio Year 2008 0.8246503 Times Year 2009 0.844463084 Times Year 2010 0.860908018 Times
Net Profit Margin

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Year 2008 2.256% Return on Assets Year 2008 5.4092992% Year 2009 5.9866008% Year 2010 6.0935683% Year 2009 4.761% Year 2010 3.289%
DuPont Return on Assets Year 2008 0.2013584927% Year 2009 0.4242718266% Year 2010 0.2920962575%
Operating Income Margin Year 2008 60.612% Year 2009 67.182% Year 2010 68.615%
Return on Operating Assets Year 2008 5.6195418% Year 2009 8.5851121% Year 2010 11.866666%
Return on Total Equity Year 2008 3.434 % Year 2009 8.197 % Year 2010 6.204 %
Gross Profit Margin Year 2008 42.12% Year 2009 39.92% Year 2010 35.85%
Total Assets Turnover

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Year 2008 0.08924 Times Year 2009 0.08910 Times Year 2010 0.08880 Times
Fixed Assets Turnover Year 2008 0.525596016 Times Year 2009 0.45356887 Times Year 2010 0.245952217 Times
Dividend per Share Year 2008 1.09492177 Rs. Year 2009 0.00162611 Rs. Year 2010 0.000455858 Rs.
Earning per Share Year 2008 1.022611754 Rs. Year 2009 2.127046456 Rs. Year 2010 1.430524439 Rs.
Price/Earning Ratio Year 2008 14.24783154 Rs. Year 2009 12.83469852 Rs. Year 2010 12.36609422 Rs.
Remaining information is given at the end
FUTURE PROSPECTS OF THE ORGANIZATION . To facilitate alignment of the Vision, Mission, Corporate Objectives and Corporate Philosophy, with the Business Goals and Objectives.
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To provide strategic initiatives and solutions for projects, products, policies and procedures. To comprehensively plan for the future to ensure sustained growth and profitability To provide strategic solutions to mitigate weak areas and to counter threats to profits. To identify strategic initiatives and opportunities for profit. To create and leverage strategic assets and capabilities for competitive advantage. CONLUSION Askari Bank was come into existence in the year 1991. Askari bank was operated by a Pakistan army, as a Army welfare3 trust. During the initial days, it was established with the aim of, to support army officials by providing them service of saving scheme. In the year 1992,26th Feb Askari bank of Pakistan got business commencement certificate to operate its function in market. During the year 1994,it was declared that ACBL is best bank of Pakistan.ACBL is the only bank of Pakistan, which has got A1+ and A1 grades for the short term and long-term activities and services of bank. Askari bank almost comes up with all the needs of its customers by providing them its products and services like smart cash and project finance services. Askari Bank spreader almost every part of Pakistan. Askari bank has got set of 226 branches, which are located at the following sites of Pakistan North Region Central Region South Region West Region Thus the Askari Bank of Pakistan has got larger strength overall the country and it plays great vital role in the banking sector of Pakistan. Strengths: 9001-2000: ISO trong Security System S High quality product Latest mechanized machinery. Tremendous market positioning Highly qualified and skilled management Highly Motivated Workforce Adequate financial resources Competitive advantage Equipped with MIS System
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Own power generation plant Weaknesses: High cost of production Centralized decision-making Weak image in the international market Small international market share Less promotional activities Lack of benefits and rewards for the employees Opportunity: Organization can expand product lines Organization can capture new market segments around the world Organization can reduce the cost by proper utilization of resources Organization can hire more well-educated and experienced person Threats: New Entry of competitors Buyer needs demands changes Political instability Changed of government policies Globally Economic instability
RECOMMENDATIONS FOR IMPROVEMENT 1) Askari Bank Kamra branch needs to improve its criteria of hiring its employees. 2) It needs to expand level of their website because that is not sufficient for web visitor. 3) Askari Bank needs improvement in its management. 4) It needs to improve the working of its ATM machine. 5) Needs to have more branches specialy in Attock because Attock people finds difficulties to reach there.
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REFERENCE & SOURCES USED
1) Aksari commercial bank official website http://www.askaribank.com.pk/
[online] [online]
2) Askari commercial annual report 2008 http://www.askaribank.com.pk/Reports/Askari%20Financials%202008.pdf 3) Wikipedia the encyclopedia http://en.wikipedia.org/wiki/Askari_Commercial_Bank [online]
ANNEXES www.askaribank.com.pk
2010 Rs. in
2 Rs. in
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Total value added 6,143,6 Value Allocated to employees Salaries, allowances 4,186,3 to providers of capital Cash dividend Bonus shares 642,74 642,74 to government Income tax 329,95 to expansion and Depreciation 684,19
6,053,3 68.1 4,093,0 10.5 1,071,2 10.5 1,071,2 5.4 534,44 11.1 645,95 67. 17. 17. 8. 10.

Retained in business Total value allocated
Value Added
300,43 984,62 9 6,143,6
4.9 (291,2 16.0 354,70 8 100. 6,053,3 2009
5. 9 100
20 10
27,183,382 18,008,418 9,174,964 33,066 (3,064,382)
Income from banking services Cost of services Valued added by banking services Non-banking services income Provision against non-performing assets
23,121,122 14,188,630 8,932,492 9 6%35,797 % (2,914,893)
16%
5%
11% 6 8 % to employees to providers of capital to government to expansion of growth
1 8 % 67%
to employeescapital to providers of to government to expansion of growth
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Our Network
Our presence, in all corners of Pakistan, is more than just being there
North Region Islamabad Rawalpindi I Rawalpindi I I Peshawar Azad Kashmir Corporate Islamic 19 15 14 12 9 1 9 79
Central Region Lahore I Lahore I I Sahiwal Faisalabad Gujranwala Multan Corporate Islamic 12 11 8 11 11 11 1 12 77
South Region Karachi I Karachi I I Karachi I I I Karachi IV Hyderabad Quetta Corporate Islamic 10 10 11 11 15 10 1 10 78
Wholes ale Bank Branch (Bahrain) 1
Total branches/subbranches 235
Branch contact details are given on pages 194 to 201
Financial Review
Non mark-up / non interest income The non mark-up / non interest income, declined by 14% ,which was attributable mainly to 98% decline in income from dealing in foreign currencies and overall subdued economic activities during the period under review. The fee, commission and brokerage income also recorded a decline of 3 % over last year. Gain on sale of investments increased by 48% reflecting improvement of the bourses during the year. (The unusual rise at 71% as shown in the graph was attributable to a nonrecurring transaction in 2007).
Non Interest Income (Rs. in million) 2 3 2 8 71% 5 2 % 3 % % 8 2010 % 2009 2008 2007 2006 2005 34% 0 2000 4000 6000 8000 10000 12000 Net Interest Income Non Interest Income Non Interest Income to Net Interest Income
Operating Expenses The sharp increase in administrative expenses during the last few years
has been reined-in and this
y e a
r s been hrestric ia ted to t
12% over last year, mainly through rationalization of operating expenses particularly employee related costs. The rise attributable to increase in number of branches from 226 to 235 and corresponding increase in staff, additional recurring expenses on new IT initiative, beside persistent inflationary upsurge. Cost to income ratio recorded a negative trend mainly due to strain on revenues.
Operating Expenses (Rs. in million) 2010 2009 2008 2007 2006 2005
4 4 % 4 2 % 4 3 %
64% 6 51 7% %
0 1000 5000 2000 6000 3000 4000 7000 9000 10000 8000 Operating Expenses Cost to Income (C IR )
Shareholders funds ShareholdersRs.16.00 increased the end of to funds billion at December 31, 2010 from Rs. 14.95 billion of last year, register - ing an increase of 7% .
Shareholders Funds (Rs. in billion) 2 2010 6 % 0 8 0 2 23% % 2009 63 3 2 0% 0 % 5 2008 2007
Financial Review
2 8% Shareholders on Average Return Funds Shareholders Fund
Earnings per share Earning per share (EPS) decreased from Rs. 1.79 per share (restated for bonus shares issued during 2010) of last year to Rs.1.48 per share for the year 2010. The decrease is mainly due to less then expected increase in net interest income, drop of 14% in non mark-up income and 12% increase in operating expenses. Also, the increase in number of shares has resulted in EPS to show a declining trend.
assets at the close of 2010 was 0.33% as
Return on average assets Return on average

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Financial Calendar
Earning per Share (Rupees) 2010 2009 2008 2007 against 0.48% last year,15 registering a decline of bps due to 14% decrease in profit for the year against 24% increase in total assets. 2006 2005
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Return on Average Assets 0.3% 2 0 0 0 . 1.5 . 1 1 % 5 2 0 . % 4 1.6 2 % % % 0 0 9 2 0 0 8 2 0 0 7 2 0 0 6 2 0 0 5 Total Assets (Rs in billion) Assets (RoA) Average Return on
Non-performing loans (NPLs) and provisions During the year, NPLs increased by 22 percent. Part of this increase, 9 % was attributable to erstwhile Askari Leasing Limited - which was amalgamated with and into the Bank. The categories of classification have been appropriately provided for in compliance with relevant Prudential Regulations (PRs) of the SBP. The cumulative provision against NPLs registered an increase of 24% .The ratio of NPLs as a percentage of gross advances increased to 12.8% as of December 31, 2010, against last years 12.0%. The aggregate provisions
Non-Performing Advances (Rs. in billion) 2010 12.8%
c o v e r e d 7 2 % o f t h e
25 0 0 9 2 0 0 8 2 0 0 7 2 0 0 6 2 0 0
3 2 . . 6 7 % %
6.4%
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Financial Calendar
8 NPLs against 71% of last year. Current, Savings and other deposits At the close of 2010, customer deposits had reached Rs.256 billion from Rs.206 billion at end 2009, an increase of 24 percent during the year. Local currency deposits grew at 26.47% whereas foreign currency deposits grew by 12.11% - local currency deposits increased to Rs.220 billion from Rs. 174 billion as of December 31, 2009, while the foreign currency deposits stood at Rs.36 billion as on December 31, 2010. The aggregate number of deposit accounts reached 797,050 at end 2010 an increase of 15% over last year. . 4 %1 2.0% Gross Advances NPL as % of Gross Advances
Analysis of Deposits (Rs. in billion) 2010 2009 2008 2007 2006 2005
0 20 40 60 100 120 140 80 160 Current Savings Time Others
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2010 1st Quarter Results issued on 26, 2010 2nd Quarter Results issued on 24, 2010 3rd Quarter Results issued on 27, 2010 19th Annual Report issued on February 21, 2011 19th Annual General Meeting scheduled for 29, 2011 10% bonus shares announced days of AGM 2009 1st Quarter Results issued on 28, 2009 2nd Quarter Results issued on 20, 2009 3rd Quarter Results issued on 27, 2009 18th Annual Report issued on February 23, 2010 18th Annual General Meeting scheduled for 30, 2010 25% bonus shares issued days of AGM Summarized Quarterly Financial Results
April August October
March Within 45
April August October
March Within 45
2010 Rupees in million 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 1st Qtr 2nd Qtr
Financial Position Assets Cash,short term funds & statutory deposits with SBP Investments Advances Operating fixed assets Other assets Total assets Liabilities Borrowings from financial institutions Customers deposits Sub-ordinated loans Other liabilities Total liabilities Shareholders funds Share capital Reserves and unappropriated profit Surplus on revaluation of assets Total shareholders funds Profit & Loss Total income Mark-up / return / interest earned Mark-up / return / interest expensed Net mark-up / interest income Non - mark-up / interest income Fee, commission and exchange income Other income Operating expenses Provisions against non-performing assets Operating profit Profit / (loss) before tax Taxation - charge / (reversal) Profit / (loss) after taxation Ratios Return on average shareholders funds (RoE) Return on average assets (RoA) 37,532 33,920 70,385 78,258 139,075 144,883 9,647 9,874 11,672 13,100 268,311 280,035 23,962 24,067 213,019 221,762 5,995 5,994 9,588 12,176 252,564 263,998 6,427 7,394 1,926 15,747 6,784 6,135 4,003 2,133 649 295 353 1,874 402 907 505 177 328 8.6% 0.5% 6,427 7,464 2,146 16,038 7,779 7,206 4,312 2,894 573 342 231 1,999 888 1,468 580 194 386 9.7% 0.6% 36,188 35,522 81,243 102,260 148,111 152,784 10,158 9,988 13,893 14,191 289,593 314,745 25,211 229,977 5,993 12,514 273,695 6,427 7,464 2,006 15,898 7,772 7,178 4,691 2,487 594 309 285 2,227 560 854 293 65 228 5.7% 0.3% 25,555 255,937 5,993 11,255 298,740 6,427 8,393 1,184 16,004 3,440 7,433 4,931 2,502 361 325 37 1,755 1,214 1,109 (105) (106) 1 0.0% 0.0% 33,031 33,815 120,218 8,323 9,184 204,572 23,289 157,324 2,996 7,342 190,951 5,073 7,279 1,269 13,621 6,140 5,563 3,167 2,397 577 375 202 1,676 791 1,298 507 190 317 9.5% 0.6% 34,363 39,620 129,130 9,493 9,573 222,179 16,735 180,658 2,996 7,686 208,074 5,073 7,547 1,485 14,105 5,989 5,416 3,073 2,343 573 332 241 1,682 860 1,234 374 106 268 7.7% 0.5%
2 0 0 9
3rd Qtr
4th Qtr
38,251 58,332 124,959 8,641 10,611 240,793 19,965 191,449 5,370 9,137 225,921 5,073 8,138 1,660 14,871 6,252 5,483 3,479 2,004 769 285 484 1,809 70 963 894 302 592 16.3% 1.0%
32,364 67,046 135,034 9,262 10,621 254,327 19,300 205,970 5,995 8,113 239,378 5,073 8,070 1,806 14,949 6,835 6,199 3,910 2,289 636 315 321 1,863 1,194 1,062 (132) (63) (69) -1.9% -0.1%
Share & Debt Information 1. Share Information The ordinary shares of Askari Bank Limited are listed on the Karachi, Lahore and Islamabad stock exchanges. The audited financial statements have been submitted to the stock exchanges within the requisite notice periods as required by the relevant regulations. Askari Banks Central Depository System ID is 05132. 1.1 Market symbols Karachi StockAExchange A K BL,Reuters ASKB.KA, Bloomberg K B L PA : 1.2 Share price and volume (R upees) A A skari kA s k ari k ari mar k aris A s A ari Ass Ass S EKs shars s A s num s Shar M ar ket e in Nu ber 20 103,5 2. 1. 29 0. 16 10 13 51,3 20 108,7 5. 4. 2. 95 59 0. 27 13 51 36,9 20 125,5 6. 11. 1,7 114,1 5. 0. 53 50 94 1,04 21 26 96,0 20 150,7 8. 19. 2,7 0. 13 70 12 612, 98 20 200,4 11. 21. 2,7 0. 14 68 10 444, 20 300,6 12. 29. 4,3 0. 12 75 99 1,62 20 405,8 12. 5. 1,8 0. 10 14 14 382, 20 507,3 14. 13. 2,7 0. 20 642,7 16. 11. 3,2 0. 28 12 17 190, 20 0. 31 12 27 132, 1.3 Record of share issues Y Issue Number of Share to public 15,000,00 150, 199 PriorRights issue @ Public issue issue 15,000,00 150, 199 Bonus @ 15% 50% 15,000,00 150, 199 50% Rights issue @ 6,750,000 67,5 199 Bonus @ 10% 22,500,00 225, 199 Bonus @ 15% 7,425,000 74,2 199 Bonus @ 5 % 12,251,25 122, 199 Bonus @ 5 % 4,696,312 46,9 200 Bonus @ 5 % 4,931,101 49,3 200 Bonus @ 5 % 5,177,712 51,7 200 Bonus @ 10% 5,436,568 54,3 200 Bonus @ 20% 11,416,79 114, 200 Bonus @ 33% 25,116,94 251, 200 Bonus @ 50% 49,731,55 497, 200 Bonus @ 35% 100,216,6 1,00 200 Bonus @ 25% 105,227,4 1,05 200 Shares issued to 101,469,3 1,01 201 Bonus @ 20% 28,273,31 282, 201 107,123,9 1,07 642,743,9 6,42 2. Askari Bank has issued the following Term Finance Debts Information Certificates (TFCs)- unsecured sub-ordinated debt, listed on the Lahore Stock Exchange (LSE). (Rupees in million) TFC TFC TF IPO investors 1,0 1,12 2, General Public 50 226 1 Underwriters 149 6 1,5 1,50 3, Market by PACRA IDs at LSE / AKB AKB AK Rating Symbols at December AA AA A Market Price as 5,0 5,00 5,
43
Applicable Interest Rate (p.a.) Horizontal & Vertical Analysis Price Volume Chart (2010) No. of Sh are s in 0 0 0 9 , 0 0 0 8,0 00 7 , 0 0 0 6 , 0 0 0 5 , 0 0 0
44
R u p ee s Pe r Sh ar e 3 5 3 0 2 5
14.3 14.7 15 Quarterly Price Volume Chart to 2010) (2005 Rs. per sha re High Closing 16 Closing Price > Opening Price 0 Opening Low 14 High Closing 0 12 0 10 0
4,0 00 3,0 00 2,0
0 00 0 1 , 0
20 15 10
8 0 6 0 4 0 0 Jan Feb Mar Apr May Jul Jun Aug Sep Oct Nov Dec Volume Avg Share Price
50 20 0Q1 Q3 Q1 Q3
Q2 Q4 Q2 Q4
Q3 Q1 Q3 Q1
O Closin pi g Price e < Price n Openin g g L o w Q4 Q1 Q2 Q2 Q3 Q4 Q4 Q1 Q2 Q2 Q3 Q4
2 0 0 5
2 0 0 6
2 0 0 7
2 0 0 8
2 0 0 9
2010
45
F IN A N C I AL P O S IT IO N
Vertical Analysis
Horizontal Analysis
2 0 1 2 0 1 2 0 0 9 0 0 9 0 0 2 0 0 82 0 0 9 2 0 0 8 2 0 0 7 0 0 2 2 8 2010 2009 2008 R u p e ein m illio n s s R u p e ein m illio n s s

/ / /
V a r ia n c e A a s a n sdb a la n c e2s 2 , 1 9 , 1 6 , 1 6 2 1 2 0 sset C a lahn cw s h 3 , 7 8 , 3 3 , 9 - 1 1 1 3 B e n d i nteo it Ln v e s tmg es n ts 190, 1 64 7, 6, 34 5, 4, 9 9 83 8 -I dvances A e f e r r tadx 1 5 2 1 3 5 1 2 8 50 3 5 20 8 2 D p e r a tifn g e d 9-, 9 9-, 2 8-, 2 18 3 10 2 6 1 e ix O th ears s e ts O 1 9 , ,3 2 , 6 96 % 4 % 3 % 3 6 1 % 2 % 3171444 21 5024, 280,49 3 4 1 8 6 2 % L ii alpbai y iat bel se , 3 , 0 2 , 9 2 , 5 25 1 4 1 l i B ol r r o w in g s 29 50 , 14 96 , 18 55 , 3%2 2 7 --2 s B e p o s a n do th e r 5 5 2 0 5 1 6 7 2 4 % 3 1 7 D u b - o ritsin a t e d25 , 9 5 , 9 2 , 9 0 12 0 0 S i a b i l i tai g a i n s t - - - 0 0 0 L e f e r rt edde s D t h el ira b il i t ie s 88, 0 43, 8 41, 7 -6 7 2 24 7 -4 8 ax O 81 33 59 % % % N e A s s e ts t 21696, 4, 21534, 0, 11292, 0, 27 5 11 55 -16 4 8 9 3 % S h a rceravpeit a l/ 07 0, 6 97 4, 2 95 7, 8 2%7 2 4 - % R e saep p r osp r i a t e 7 8 1 , 8 -6 -2 4 U rn f i t d p uor p lo n 1104, 1, 1133, 8, 0 06 1%63 53 47 7 6 -2 1 Se v a l uuas toi o n 88 24 , 10 46 , 19 1,94, -37 4 % 6 2 % 25 16 1 ,4 r f 1 6 1 4 03 5 % % -1 0 3 00 94 % 2/ 2/ 2/ 0 0 0 P R O F I& T 2 0 2a0v a2i 0a b2l 0 2 0 2 0 s a o inli v iffeoserrtm e n t lev s o n M eatukr/-n/u p r Pi m p a i r mi n tnhte r rin te r e s t v avl uos ftm een ts e e aa rrn e-/u p d M e tukr/n Pinv evrirsseiapgoa i n s t ro e o n rin te r e s t r e a d e b tw r i t t e n B f fd i r e c tsl y ex pen sed o N em a rk -/ p t u in te r e s t in c o m e P rgoavi nnsioonnis t a e r f o r m in g p a nasn d lod v a n c e s Iam spoani r m e n t lo s
2 7 ,9 5 2 1 7 ,9 3 7 1 0 ,0 1 6 2 ,3 1 9 383 2 2 ,5 8 7 1 3 ,5 5 4 9 ,0 3 3 2 ,3 2 4 431 1 8 ,3 9 3 1 0 ,6 5 1 7 ,7 4 3 3 ,8 2 5 24% 32% 11% 23% 27% 17% 21% 23% 20% -2 % -3 9 % 297 66 3 ,0 6 4 6 ,9 5 1 77 83 2 ,9 1 5 6 ,1 1 8 1 ,3 0 8 163 528 144 (2 ) 404 2 ,5 4 4 8 ,6 6 2 1 247 4 ,0 7 3 3 ,6 7 0 286% 100% 5% 14% -3 % 29% -9 8 % 48% -8 2 % 16% -1 4 % 5% 15015% -2 8 % 67% 4% -6 % -4 0 % 291% 109% 18% -6 % 36% -6 6 % 4% 45% 1 ,2 7 1 210 13 213 470 2 ,1 7 7 9 ,1 2 8 1 ,2 5 8 174 874 37 22 343 2 ,7 0 7 6 ,3 7 7 17% 27% 33% -9 8 % 1195% 2% -4 1 % -1 0 % 23% -9 % 23% -8 0 % -8 0 % -8 2 % -7 9 % -1 4 4 % -1 2 0 % -8 6 % 19% -4 4 % -8 8 % 7 ,8 1 3 42 7 ,8 5 5 1 ,2 7 3 1 ,2 7 3 330 330 943 834 1 ,7 7 7 1 .4 8 6 ,9 9 6 34 7 ,0 3 0 1 ,6 3 2 1 ,6 3 2 562 120 (14 7 ) 534 1 ,0 9 8 309 1 ,4 0 6 1 .7 9 5 ,9 0 4 11 5 ,9 1 6 461 461 17 (5 0 ) 108 75 386 2 ,1 4 5 2 ,5 3 1 0 .7 6 12% 100% 24% 12% -2 2 % -2 2 % -4 1 % 100% 100% 38% -1 4 % 170% 26% -1 7 % 18% 213% 19% 254% 254% 3138% -1 0 0 % -2 3 7 % 611% 184% -8 6 % -4 4 % 135%
C o m p o s itio n 23 2, 7, 18 9, 3, 13 6, 9, 7 8 90, 1 64 7, 6, 34 5, 4, 31 2 23 6 1 5 2 1 3 5 1 2 8 43 9 52 3 1 -2 - - 0 0 1914, 9, 21950, 2, 280,,42 13 0 14 0 31 944 ,3 224 , 8 99 05 % 04 % ,7 , 0 62 , 9 6 , 5 % % 1 6 1 1 3 2 % 2295509, 2140969, 1186559, 82 6 88 6 5 5 ,5 2 ,7 8 % 5-, - - 0 3 8, 0 43,3 41, 7 0 0 8 1 3 38 5 9 3 0 8 % 2 % 21696, 4, 21534, 0, 11292, 0, 145 00 13604 8 9 49 9 73 % % 00 77, 6 78, 2 5 ,, 8 45 8 46 8 1104, 1, 1133, 8, 1 08 9%3 8%8 9 ,4 7 1 88 24 , 10 46 , 10 1,96, 1%0 1%02 1 6 1 4 01 54 0%% 0%% 00 94 3
2 7 ,9 5 2 1 7 ,9 3 7 1 0 ,0 1 6 2 ,3 1 9 383 2 2 ,5 8 7 1 3 ,5 5 4 9 ,0 3 3 2 ,3 2 4 431 1 8 ,3 9 3 1 0 ,6 5 1 7 ,7 4 3 3 ,8 2 5 100% 64% 36% 8% 100% 60% 40% 10% 297 66 3 ,0 6 4 6 ,9 5 1 1 ,2 7 1 210 13 213 470 2 ,1 7 7 9 ,1 2 8 77 83 2 ,9 1 5 6 ,1 1 8 1 247 4 ,0 7 3 3 ,6 7 0 11% 25% 5% 1% 1% 13% 27% 6% 1% 2% 1%
8 2 12 7 60 3 4 14 0 0%% 1 % 88 7 2 0 0 2 % 116 08 % 53 16 %7 8 1 03 % 1%% 0

100% 58% 42% 21% 1% 22% 20% 7% 1% 5% -
20 20 20 20 20 20 R u p e ein m illio n s s V a r ia n c e
1 ,3 0 8 163 528 144 1 ,2 5 8 174 874 37 (2 ) 404 2 ,5 4 4 8 ,6 6 2 6 ,9 9 6 34 7 ,0 3 0 1 ,6 3 2 1 ,6 3 2 562 120 (1 4 7 ) 534 1 ,0 9 8 309 1 ,4 0 6 22 343 2 ,7 0 7 6 ,3 7 7 5 ,9 0 4 11 5 ,9 1 6 461 461 17 (5 0 ) 108 75 386 2 ,1 4 5 2 ,5 3 1 2% 8% 33% 28% 28% 5% 5% 1% 1% 3% 3% 6% 2% 11% 38% 31% 31% 7% 7% 2% 1% -1 % 2% 5% 1% 6% 2% 15% 35% 32% 32% 3% 3% 1% 2% 12% 14%
7 ,8 1 3 42 7 ,8 5 5 1 ,2 7 3 1 ,2 7 3 330 330 943 834 1 ,7 7 7
R u p e ein s
m illio n s
N e m a r k - u p / i n t ienr c o tma fet epr r o v i s i o n s t es N o n a r k u p / i ni n ecroem te m t s F ei vc,io m nm o sma inodb r o k e r a n ce o m e e d ei c i s e n ig D dd I n ac ioo msreo le fein lvi nnsftmr e-innts tr r e n c i e s f a m a ego e ge i cn G n rn n li g o dn nr e v a l u a tiufin v e s tm e n ts U la ses aif iaeseh ieold o rt r a d i n- o oe n a c t h ei n c os m e f d n O o t anlro n - m a r/k inpt e r eintgc o tm e T u s NAo d mairnkist u p / i netxe p e s ts e s n m r n r a xiv e n s e s e t tp e r O r ohve i s i o n s p w r i te / ffO th e r o h asr g e s c o t an lo n - m a r/k inpte r ees x p e n s e s T u t E x tra o r d i n a/r y unusual ite m s P r o fbi te f o trae x a t i o n T a xa t iocnu r r e n t pr y e iaor rs d refde e r P r o fai ft t et ra x a t i o n U n a p p r o p rpi a oef b tr o u g fhot r w a r d rt d i P r o fai tv a i l a b ol ea p p r o p r i a t i o n f r B a s i/cd i lu te d e a r n in p es r g s h a r R u p e e s e
C o m p o s itio n
Balance Sheet Horizontal Analysis Cumul ative average growth rate for the last three year - annualised 1 5 % Cash and balan ces with treasu ry banks 2 5 3% Balan ces 0 3 3 with other 1 8 % % 52 % banks 4 % Lending to % 5 0% financial 5 % institutions Investme nts Advances Operatin g fixed assets Deferred tax assets Other assets Total assets 27% 45
5 1
6%
19 % 20 % 4 6 25 %% 26 4 % 7 0 % % 1 3 % 1 0 %
Bills payabl e Borro wings Depos its and other accou nts Subordin ated loans Liabili ties agains
t a s s e t s s u b je ct t o fi n a n
ce lease Deferred tax liabilities Other liabilities Net assets Share capital/ Head office capital Rese rves Unappropriated profit Surplus on revaluation of assets - net of tax
Balance Sheet Vertical Analysis Composition for the last three year 100 90% 80% 70% 60% 50% 40% 30% 20% 10% 90% 80% 70% 60% 50% 40% 30% 20% 10% 1 9 8 7 6 5 4 3 2 1
46
02 0 Other 2 2 assets Operating fixed assets Advances Investme nts Lending to financial institution s Balances with other banks Cash and balance with treasury banks
2 2009 0 Surplus on-revaluation of asset s ne t of tax unappropriated profit Reserves Share capital/ Head office capital account Other tax liabili ties Defer red tax liabili ties Subordin ated loans Deposits and other accounts Borrowings Bill payable
47

Six Years Performance 2007 2010 Assets Rupees in million Advances - net 85,977 99,179 100,780 128,818 135,034 152,784 Investments 25,708 28,626 39,431 35,678 67,046 102,260 Cash, short term funds and statutory deposits with SBP 27,489 30,605 31,297 24,464 32,364 35,523 Operating fixed assets 3,193 3,810 5,128 8,266 9,262 9,988 Other assets 2,733 3,813 5,535 8,965 10,621 14,190 Total assets 145,100 166,034 182,172 206,191 254,327 314,745 Non-performing loans 2,373 3,656 6,908 11,689 17,725 21,599 Provisions for non-performing loans 2,419 3,546 7,409 11,013 12,594 15,652 Liabilities Deposits 118,795 131,839 143,037 167,677 205,970 255,937 Refinance borrowings 9,778 13,378 9,918 13,902 13,700 12,426 Sub-ordinated loans 3,000 2,999
38
December 31
2005 2008
2006 2009

2,997 Other liabilities 2,996 5,993 4,714 8,645 5,995 6,764 13,713 13,954 24,384
Shareholders funds Total shareholders funds 8,813 11,053 12,266 12,971 14,949 16,004 Share capital 1,507 2,004 3,006 4,059 5,073 6,427 Reserves 6,088 7,615 9,093 7,976 8,070 8,393 Surplus on revaluation of assets 1,434 166 936 1,218 1,806 1,184 Profitability Interest income 8,781 12,597 15,143 18,394 22,587 27,952 Interest expenditure 4,278 6,977 8,686 10,651 13,554 17,937 Net interest income 4,503 5,620 6,458 7,743 9,033 10,016 Provision against non-performing 3,922 assets 602 1,129 4,073 2,915 3,064 Fee, commission and exchange income 839 1,014 1,073 1,258 1,308 1,271 Other income 713 1,125 3,493 1,449 1,236 906 Operating expenses 2,594 3,283 4,802 5,916 7,030 7,855 Profit before taxation 2,859 3,347 2,300
39

Taxation after taxation Operating profit Total income Total expenditure Cash flows Operating activities 461 837 75 534 2,022 386 3,461 4,534 10,333 21,100 7,474 20,640 1,632 1,273 1,097 (381) 330 Profit 2,250 2,681 1,098 943 4,476 6,222 4,547 4,338 14,736 19,709 25,131 30,129 11,389 17,409 23,499 28,856
12,269 8,356 8,370 2,597 36,245 35,810 Investing activities (8,319) (3,715) (13,527) 155 (32,063) (37,311) Financing activities 1,736 (226) (203) (446) 2,998 (3) Changes in cash & cash equivalents 5,6862,306 4,415 (5,359) 7,191 (1,501) Cash & cash equivalents at end of the year 19,297 23,712 18,353 20,659 27,850 26,350 Business transacted Rupees in billion Imports 98.30 119.30 119.27 148.24 140.16 177.32 Exports 92.00 97.30 82.98 99.70 105.41 105.11
40

Guarantees 30.60 37.30 44.31 58.55 67.55 55.77
Ratios Return on average shareholders funds (RoE) - % 27.70 22.60 22.99 3.06 7.86 6.09 Return on average assets (RoA) - % 1.60 1.40 1.54 0.20 0.48 0.33 Profit before tax ratio - % 32.56 26.57 15.19 2.51 7.23 4.55 Gross spread ratio - % 51.28 44.61 42.64 42.10 39.99 35.83 Income / Expense ratio - Times 1.38 1.29 1.13 1.02 1.07 1.04 Advance to deposits (CDR)- % 72.40 75.23 70.46 76.83 65.56 59.70 Earning assets to total assets Operating fixed assets to average shareholders funds 43.70 38.36 43.98 65.51 66.34 64.54 Capital adequacy ratio (CAR) 11.00 10.90 9.35 9.22 11.75 10.30 Rate of cash dividends 15.00 10.00 15.00 Rate of bonus issue * 33.00 50.00 35.00 25.00 20.00 10.00 Price earning ratio (PE) 9.60 9.30 11.19 15.32 15.28 11.97 Dividend yield ratio - % 1.18 0.95 1.50 Dividend
41

payout ratio - % Share information Rupees Earnings per share (EPS)** 13.42 7.48 8.92 0.95 2.18 1.48 Net assets per share 58.48 55.15 40.80 31.96 29.47 24.90 Market value per share - year end 126.80 104.95 99.75 14.57 27.30 17.69 Market value per share 127.25 - high 131.90 142.70 104.25 28.69 31.14 Market value per share - low 71.15 71.45 77.10 14.57 12.15 12.70 Other information Numbers Number of employees (Regular) 2,754 3,241 3,834 4,252 4,393 4,473 Number of branches 99 122 150 200 226 235 * post balance sheet event ** based on number of shares outstanding at
42
11.18 -
13.37 16.82 -

each year end
43
44

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