Pakistan Banking Industry Jun-14
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- Delilah Griffin
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1 Pakistan Banking Industry Key Trends Jun-14
2 Banking Industry Profile at end Dec-13 Banks 38 ATMs Commercial 22 Commercial with Islamic Branches (14) 7,684 (YoY: 6%) (YoY: 23%) Foreign oeg Banks (as branches) )7 Islamic 5 Specialized 4 Branches 10,726 Assets 10.5 trn (YoY: 6%) Deposits 8.3 trn (YoY: 14%) Advances 4.5 trn (YoY: 6%) Private Credit 3.3trn [Includes TFCs] (YoY: 6%) [Direct Credit: 2.7trn] Equity 939 bln (YoY:6%) Borrower Accounts 3.3mln [CY12: 3.7mln] Deposit Accounts 37mln [CY12: 34mln] Government Deposits :732bln [10% of Industry] Advances : 407bln [10% of Industry] * Amounts in PKR
3 Players How old are they? Since Age (yrs) Oldies > 45Years Habib Bank Ltd Allied Bank Ltd MCB Bank Ltd National Bank of Pakistan United Bank Ltd Young >20 years First Women Bank Ltd The Bank of Punjab Askari Bank Ltd Bank AL Habib Ltd Standard dchartered dbank k(pakistan) Ltd. The Bank of Khyber Habib Metropolitan Bank Ltd Soneri Bank Ltd Faysal Bank Ltd KASB Bank Ltd Silk Bank Ltd Since Age (yrs) Teens <18 years Bank Alfalah Ltd Meezan Bank Ltd NIB Bank Ltd SAMBA Bank Ltd Summit Bank Ltd BankIslami Pakistan Ltd Burj Bank Ltd Dubai Islamic Bank Pakistan Ltd JS Bank Ltd AlBaraka Bank (Pakistan) Ltd Sindh Bank Ltd Average Life of industry players 25 * Excludes specialized banks and foreign bank branches * Source: Banks' www and/or Annual reports
4 Indutsry CEOs New Appointments Current President / CEO Appointment year Previous President holding Office 1 1 Faysal Bank Ltd. Nauman Ansari 2014 Naved Abid Khan 2 2 First Women Bank Ltd. Tahira Raza 2014 Charmaine Hidayatullah (A) / Shafqat Sultana 3 3 National Bank of Pakistan Syed Ahmed Iqbal Ashraf 2014 Asif Brohi 4 4 Standard Chartered Bank (Pakistan) Ltd. Najam Siddiqui (A) 2014 Ibrahim Elgibali / Mohsin Nathani 5 5 The Bank of Khyber Imran Samad (A) 2014 Bilal Mustafa 6 6 UitdB United Bank kltd. WjhtH Wajahat Husain 2014 Atif Bokhari 7 1 Allied Bank Ltd. Tariq Mehmood 2013 Khalid Sherwani 8 2 Askari Bank Ltd. Syed Majeedullah Husaini 2013 Muhammad Rafiquddin Mehkari 9 3 JS Bank Ltd. Khalid Imran 2013 Kalim-ur-Rahman 10 4 KASB Bank Ltd. Bilal Mustafa 2013 Syed Majeedullah Husaini (A) 11 5 SAMBA Bank Ltd. Shahid Sattar 2013 Tawfiq Husain 12 1 Habib Bank Ltd. Nauman Dar 2012 Zakir Mahmood 13 2 MCB Bank Ltd. Imran Maqbool 2012 Atif Aslam Bajwa 14 1 AlBaraka Bank (Pakistan) Ltd.. Shafqaat Ahmed 2011 Syed Tariq Husain 15 2 Bank Alfalah Ltd. Atif Aslam Bajwa 2011 Sirajuddin Aziz 16 3 Burj Bank Ltd. Ahmed Khizer Khan 2011 Nikolaus Schwarz 17 4 Habib Metropolitan Bank Ltd. Sirajuddin Aziz 2011 Anjum Iqbal 18 5 NIB Bank Ltd. Badar Kazmi 2011 Khawaja Iqbal Hassan 19 6 Soneri Bank Ltd. Mohammad Aftab Manzoor 2011 Atif Aslam Bajwa / Safar Ali Lakhani 20 1 Dubai Islamic Bank Pakistan Ltd. Junaid Ahmed 2010 Muhammad Mannan 21 2 Sindh Bank Ltd. Mohammad Bilal Sheikh Summit Bank Ltd Husain Lawai 2009 Kamal Uddin Khan 23 1 Silk Bank Ltd Azmat Tarin 2008 Shaukat Tarin 24 2 The Bank of Punjab Naeemuddin Khan 2008 Hamesh Khan 25 1 BankIslami ipakistan Ltd. Hasan A Bilgrami Meezan Bank Ltd. Irfan Siddiqui Bank AL Habib Ltd. Abbas Dawood Habib 1994 Rashid Dawood Habib
5 Bank Branch Network Additions in Branch Network CY12 % of New CY13 overall additions network Large (System share > 5%) Habib Bank 1, , % National Bank of Pakistan. 1, , % United Bank Ltd. 1, , % MCB Bank Ltd. 1, , % Allied Bank Ltd % Bank Al Falah Ltd % Bank Al Habib Ltd % [Large Banks: Assets System Share: [64%] 7, , % Medium (System share between 2% to 5%) Standard Chartered Bank (Pakistan) Ltd 130 (14) % Askari Bank Ltd % Faysal Bank Ltd % The Bank of Punjab % Habib Metropolitan Bank Ltd % Medium Banks: Assets System Share: [17%] 1, , % Small (System share <2%) Soneri Bank Ltd % Summit Bank Ltd % JS Bank Ltd % The Bank of Khyber % Silkbank Ltd % KASB Bank Ltd. 105 (3) % First Women Bank Ltd % Samba Bank Ltd % Sindh Bank Limited % Small Banks: Assets System Share: [5%] 1, , % Islamic Banks Meezan Bank Ltd % Dubai Islamic Bank Pakistan Ltd % Bank Islami Pakistan Ltd % Al Baraka Bank (Pakistan) Ltd % Burj Bank Ltd % Islamic Banks: Assets System Share: [6%] % BAFL and ABL lead with 100+ and 75 additional branches respectively NIB Bank Ltd % Barring JSBL and BoK the network of small banks largely remains stagnated. Islamic Banks remain bullish in terms of branch expansion : 19% during CY13 Industry Total* 10, ,363 Growth: 5.5% *Includes Foreign Bank branches and specialized Banks
6 10 Share Price of Banks 6th May MCB Bank Habib Bank Limited United Bank Limited Allied Bank Limited NBP Bank Alhabib 42 Meezan Bank 40 Habib Metro Bank 31 Bank ALFalah 27 Standard Chartered 24 Askari Bank Limited 19 FaysalBank 16 Soneri Bank 14 Bank Islami Pakistan 11 Bank of Punjab 10 9 Bank of Khyber 8 Samba Bank 6 JS Bank 4 Summit Bank 4 3 Silk 3 NIB Bank 2 KASB Bank
7 Price to Earning Multiple Banks (Based on CY13 earnings) 9xs (10) (5) Samba Bank 25.6 NIB Bank Silk Bank Islami Pakistan 18.0 MCB Bank 14.5 Soneri Bank 13.0 JS Bank Allied Bank Limited Habib Bank Limited Standard Chartered Faysal Bank NBP United Bank Limited 8.9 Bank Alhabib 8.9 Meezan Bank KSE : P/E 9xs Bank ALFalah 8.2 Bank of Khyber 8.2 Habib Metro Bank 6.1 Bank of Punjab 5.8 Askari Bank Limited (3.7) Summit Bank (6.1) KASB Bank
8 One Year Stock Returns Banks CY % -40% -20% 0% 20% 40% 60% 80% 100% 120% Standard Chartered 100% Bank ALFalah United Bank Limited Samba Bank 58% 58% 61% Soneri ibank 54% 41% Habib Bank Limited 34% MCB Bank 33% Habib Metro Bank 31% Meezan Bank One year KSE100 Return : 49.4% 4% 31% Bank Alhabib 22% Allied Bank Limited 18% NBP 3% 5% 7% Faysal Bank Bank of Khyber Bank of Punjab -11% -8% Silk NIB Bank -19% -21% -23% -25% -28% Askari Bank Limited KASB Bank JS Bank Bank Islami Pakistan Summit Bank
9 12.3% Year till date Stock Returns Banks vs KSE-100 Jan-14 till May14-20% 0% 20% 40% 60% 80% 100% Summit Bank 95% Samba Bank 75% Bank Islami Pakistan 47% Allied Bank Limited 39% Faysal lbank 39% Askari Bank Limited 36% Soneri Bank 32% KSE100 Return : 12.3% United Bank Limited JS Bank 29% 28% Silk Habib Metro Bank 23% 23% Bank of fkhyber 14% 10% HBL 8% NIB 4% KASB Bank 2% Bank Alhabib 2% Meezan Bank -1% -2% -2% NBP MCB Bank Bank ALFalah -5% Standard Chartered -8% Bank of Punjab
10 Industry penetration as % GDP 30,000 60% 25,402 25,000 22,909 50% 20,000 18,285 20,091 40% PK KR in bln 15,000 10,000 8,216 9,240 10,638 13,200 14,867 30% 20% 5,000 10% Q14 0% GDP FY Assets Deposits%GDP Advances%GDP Deposits Advances Q14 GDP FY bl bln 8,216 9,240 10,638 13,200 14,867 18,285 20, ,909 25,402 Deposits%GDP 40% 42% 40% 36% 37% 34% 36% 36% 36% Advances%GDP 31% 31% 32% 27% 25% 21% 21% 20% 20%
11 60% 50% 40% 30% 20% 10% 0% 53% Growth Trends 42% 31% 24% 22% 13% 14% 15% 15% 12% 9% 9% 9% 6% 1% 17% 19% 17% 11% 14% 8% 7% 8% 6% 2% -2% -3% Investment Advances Deposits Assets Investment Advances Deposits Deposits Assets Investment Advances Deposits Assets Investment Advances Deposits Assets Investment Advances Deposits Assets Investment Advances Deposits Assets Investment Advances Deposits -10% -20% -15% CY08 CY09 CY10 CY11 CY12 CY13 1QCY14
12 PKR in bln CY06 CY07 CY08 CY09 CY10 CY11 CY12 CY13 Total Assets 4,353 5,172 5,628 6,516 7,117 8,171 9,761 10,537 Investments (net) 833 1,276 1,087 1,737 2,157 3,055 4,009 4,305 Deposits 3,255 3,854 4,218 4,786 5,451 6,244 7,301 8,318 Equity Gross Advances 2,604 2,906 3,532 3,686 3,914 3,941 4,375 4,632 Growth % CY06 CY07 CY08 CY09 CY10 CY11 CY12 Dec-13 Total Assets 19% 19% 9% 16% 9% 15% 19% 8% Investments (Net) 4% 53% -15% 60% 24% 42% 31% 7% Deposits 15% 18% 9% 13% 14% 15% 17% 14% Gross Advances 20% 12% 22% 4% 6% 1% 11% 6% 2Q and 4Q : are seen as happening quarters for banking industry PKR in bln Mar-13 Jun-13 Sep-13 Dec-13 Total Assets 9,735 10,090 9,759 10,537 Investments (net) 4, ,253 4,029 4,305 Deposits 7,236 7,756 7,698 8,318 Equity Gross Advances 4,344 4,343 4,352 4,632 QoQ Q Growth% Mar-13 Jun-13 Sep-13 Dec-13 Total Assets -0.3% 3.7% -3.3% 8.0% Investments (Net) 3.8% 2.2% -5.3% 6.9% Deposits -0.9% 7.2% -0.7% 8.1% Gross Advances -0.7% 0.0% 0.2% 6.4% Mar-14 10, ,662 8, ,483 Mar % 8.3% -2.0% -3.2%
13 Incremental Growth Funding & Deployment CY12 CY13 1QCY14 QoQ YOY Growth in Total Assets 19% 8% 2% Incremental Growth PKR in bln ASSETS 1, Investments Advances (23) Cash and Placements (106) Others (12) LIABILITIES & EQUITY 1, Depsoits 1,063 1,017 (167) Borrowing from FIs 355 (312) 282 Sub odinated debt (3) (15) 2 Others Equity
14 Large Banks (System Share: Total Assets >5% of Total banking Insudtry) Total Assets (PKR in mln) Dec-12 Dec-13 1 Habib bank 1,610, % 1,715, % 2 National Bank 1,309, % 1,364, % 3 UitdB United Bank 896,535 92% 9.2% 1,009,761 96% 9.6% 4 MCB 767, % 815, % 5 Allied 633, % 734, % 6 Bank AlFalah 536, % 610, % 7 Bak Alhabib 453, % 460, % 6,206, % 6,710, % Medium Banks (System Share: Total Assets >2% and <5% of Total banking Insudtry) Total Assets (PKR in mln) Dec-12 Dec-13 1 Standard Chartered 388, % 399, % 2 Askari 353, % 394, % 3 Faysal 313, % 355, % 4 The Bank of Punjab 332, % 352, % 5 Habib Metro 304, % 3.1% 311,454 30% 3.0% 1,691, % 1,813, % Small Banks (System Share: Total Assets <2% of Total banking Insudtry) Total Assets (PKR in mln) Dec-12 Dec-13 1 NIB 190,609 20% 2.0% 176,825 17% 1.7% 2 Soneri 158, % 169, % 3 Summit 134, % 125, % 4 JS 112, % 116, % 5 The Bank of Khyber 82, % 108, % 6 Silk 89, % 91, % 7 Sindh 92, % 75, % 8 KASB 88, % 68, % 9 SAMBA 34,854 04% 0.4% 40, % 0.4% 10 First Women 22, % 20, % 521, % 521, % Islamic Banks Total Assets (PKR in mln) Dec-12 Dec-13 1 Meezan 247, % 329, % 2 AlBaraka 73, % 87, % 3 BankIslami 74, % 86, % 4 Dubai Islamic 63, % 80, % 5 Burj 47, % 53, % 506, % 637, % Industry Size (Total 9,711,154 10,536,989 Total Assets (PKR in mln) Growth compared to preceeding Year end Large Dec-12 Dec-13 1 Habib bank 1,610, % 1,715, % 2 National Bank 1,309, % 1,364, % 3 United Bank 896, % 1,009, % 4 MCB 767,075 79% 7.9% 815, % 6.3% 5 Allied 633, % 734, % 6 Bank AlFalah 536, % 610, % 7 Bak Alhabib 453, % 460, % 6,206, % 6,710, % Total Assets (PKR in mln) Growth compared to preceeding Year end Medium Dec-12 Dec-13 1 Standard Chartered 388, % 399, % 2 Askari 353, % 394, % 3 Faysal 313, % 355, % 4 The Bank of Punjab 332, % 352, % 5 Habib Metro 304, % 311, % 1,691, % 1,813, % Small Total Assets (PKR in mln) Dec-12 Dec-13 1 NIB 190, % 176, % 2 Soneri 158, % 169, % 3 Summit 134, % 125, % 4 JS 112, % 116, % 5 The Bank of Khyber 82, % 108, % 6 Silk 89, % 91, % 7 Sindh 92, % 75, % 8 KASB 88, % 68, % 9 SAMBA 34, % 40, % 10 First Women 22, % 20, % 521, % 521, % Islamic Banks Total Assets (PKR in mln) Dec-12 Dec-13 1 Meezan 247, % 2.5% 329, % 3% 2 AlBaraka 73, % 87, % 3 BankIslami 74, % 86, % 4 Dubai Islamic 63, % 80, % 5 Burj 47, % 53, % 506, % 637, %
15 Banks Ratings (As of 07-May-14) Large Banks (sorted in terms of System Share) Dec-13 LT Rating 1 Habib Bank Ltd. 16.3% AAA 2 National Bank of Pakistan 12.9% AAA 3 United Bank Ltd. 9.6% AA+ 4 MCB Bank Ltd. 7.7% AAA 5 Allied Bank Ltd. 7.0% AA+ 6 Bank Alfalah Ltd. 5.8% AA 7 Bank AL Habib Ltd. 4.4% AA+ 63.7% Medium Banks (sorted in terms of System Share) Dec-13 LT Rating 1 Standard Chartered Bank (Pakistan) Ltd. 3.8% AAA 2 Askari Bank Ltd. 3.7% AA- 3 Faysal Bank Ltd. 3.4% AA 4 The Bank of Punjab 3.3% AA- 5 Habib Metropolitan Bank Ltd. 3.0% AA+ 17.2% Small Banks (sorted in terms of System Share) Dec-13 LT Rating 1 NIB Bank Ltd. 1.7% AA- 2 Soneri ibank kltd. 16% 1.6% AA- 3 Summit Bank Ltd 1.2% A- [RW] 4 JS Bank Ltd. 1.1% A+ 5 The Bank of Khyber 1.0% A 6 Silk Bank Ltd 0.9% A- 7 Sindh Bank Ltd. 0.7% AA- 8 KASB Bank Ltd. 0.7% BBB 9 SAMBA Bank Ltd. 04% 0.4% AA- 10 First Women Bank Ltd. 0.2% A- 4.9% Islamic Banks (sorted in terms of System Share) Dec-13 LT Rating 1 Meezan Bank kltd. 31% 3.1% AA 2 AlBaraka Bank (Pakistan) Ltd.. 0.8% A 3 BankIslami Pakistan Ltd. 0.8% A 4 Dubai Islamic Bank Pakistan Ltd. 0.8% A 5 Burj Bank Ltd. 0.5% A 6.1% * All Ratings carry Stable outlook except Summit which is under RW Developing
16 Industry ADR and IDR Advances and Investments to Deposits Ratio Industry Trend 9,000 81% 8,000 72% 7,000 63% 6,000 54% PKR in bln 5,000 4,000 45% 36% ,000 27% 2,000 18% 1,000 9% - CY06 CY07 CY08 CY09 CY10 CY11 CY12 CY13 1QCY14 Deposits 3,255 3,854 4,218 4,786 5,451 6,244 7,301 8,318 8,151 Advances (net) 2,428 2,688 3,173 3,240 3,358 3,349 3,760 4,047 4,014 Investments (net) 833 1,276 1,087 1,737 2,157 3,055 4,009 4,305 4,662 Investments % Deposits 26% 33% 26% 36% 40% 49% 55% 52% 57% Advances % Deposits 75% 70% 75% 68% 62% 54% 52% 49% 49% 0%
17 Industry Advances Composition 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Dec-10 Dec-11 Dec-12 Dec-13 Mar-14 Others (incl. Staff Loans) 4% 4% 5% 5% 5% Agriculture Sector 5% 5% 5% 5% 5% SMEs Sector 9% 8% 7% 6% 6% Consumer sector 7% 6% 6% 6% 6% Commodity financing 12% 12% 12% 11% 10% Corporate Sector 63% 65% 66% 67% 68% Industry after having a bad experience in SMEs (Infection ratio as high as 43% in Sep-12) is focusing on corporate segment
18 Sector wise Advances Composition Gross Advances Sectors % of Total PKR in mln % of Total PKR in mln % of Total PKR in mln 1QCY14 CY13 CY12 Others 1,780,573 1,917,127 1,783,342 Textile 17.1% 1% 767, % 778, % 699,342 Production/Transmission of Energy 12.4% 554, % 493, % 492,814 Individuals 9.0% 401, % 383, % 333,309 Agribusiness 7.5% 335, % 340, % 354,343 Chemical & Pharmaceuticals 3.6% 159, % 150, % 150,101 Financial 2.3% 105, % 121, % 81,725 Sugar 3.9% 175, % 120, % 105,558 Automobile/Transportation 1.4% 62, % 60, % 56,329 Electronics 1.5% 67, % 58, % 57,003 Cement 1.1% 48, % 54, % 58,351 Shoes & Leather garments 0.6% 25, % 26, % 23,742 Insurance 0.0% % % 340 Total 4,482,690 4,505,495 4,196,299 Commentary: Textile remained the largest credit exposure of the industry. While there was an increase in %share of textile sector, absolute exposure increased by close to PKR 80bln. Personal loans, lending to Financial sector and sugar business increasedduring CY13.
19 Sector wise Advances Composition and Asset Quality Sectors Absolute Growth Infection Ratio PKR in mln PKR in mln CY13 CY12 CY13 CY12 Others 133, , % 11.5% Textile 79,526 42, % 29.6% Individuals 49,853 (7,188) 12.3% 16.2% Financial 39,288 2, % 10.5% Sugar 14,717 (22,768) 5.2% 10.3% Automobile/Transportation 4,465 19, % 19.8% Shoes & Leather garments 2,886 (168) 11.3% 12.8% Electronics 1,874 21, % 41.9% Production/Transmission of Energy 308 3, % 3.7% Chemical & Pharmaceuticals , % 9.9% Insurance 13 (3,344) 0.2% 13.0% Cement (3,673) (2,873) 25.3% 29.3% Agribusiness i (14,001) 263, % 91% 9.1% Total 309, , % 14.5% Commentary: During CY13 the industry saw a significant improvement in asset quality of Textile, Individuals, financial, sugar, and auto sector (In percentage terms)
20 Industry Credit Risk Asset Quality % % % PK KR in bln % 9% 200 6% 100 3% - CY06 CY07 CY08 CY09 CY10 CY11 CY12 CY13 1QCY14 NPLs Provision Infection ratio % 7% 8% 10% 13% 15% 16% 14% 13% 13% 0% Commentary: We should be happy to see industry infection ratio dropping for recent three years Commentary: We should be happy to see industry infection ratio dropping for recent three years. However, in terms of absolute money we can see CY13 as the first year where absolute NPLs have decreased.
21 Weighted average Lending & Deposit Rates Oustanding Advences & Deposits Spreads % % CY06 CY07 CY08 CY09 CY10 CY11 CY12 CY13 1QCY14 Yield Cost of Funds Spread 0
22 Weighted average Lending & Deposit Rates Fresh Disbursements & Deposits Spreads % % CY06 CY07 CY08 CY09 CY10 CY11 CY12 CY13 1QCY14 Yield Cost of Funds Spread 0
23 Investment Portfolio GoP Securities PKR bln 31-Mar Jun Sep Dec Mar-14 YoY Growth PIBs 1,119 1,322 1,302 1,380 2, % GoP Ijara Sukuk % Market T-Bills 3,144 3,151 2,940 3,181 2,759-12% Total 4,722 4,932 4,701 4,931 5,447 15% Banking Industry Investment in GoP Securities PIBs , % GoP Ijara Sukuk % Market T-Bills 2,676 2,682 2,458 2,736 2,304-14% Total 3,705 3,822 3,552 3,815 4,115 Banking Industry holdings % in GoP Securities PIBs 55% 55% 52% 54% 64% GoP Ijara Sukuk 90% 90% 90% 91% 90% Market T-Bills 85% 85% 84% 86% 84% Total 78% 77% 76% 77% 76%
24 Structure of Interest Rates % % Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 DiscountRate 6MT-bills Cutoff Yield 3Yrs PIBs
25 140 Industry Profitability Trend PKR in bln CY07 CY08 CY09 CY10 CY11 CY12 1QCY13 2QCY13 3QCY13 4QCY13 Dec-13 1QCY14 Profit After Tax (ytd)
26 Large Banks Capital Adequacy at end Dec-13 CET 1 Tier I Tier II CAR 2013 CAR Habib bank 12.9% 12.9% 2.5% 15.4% 15.3% 2 National Bank 10.6% 10.6% 4.7% 15.2% 15.5% 3 United Bank 10.0% 0% 10.0% 0% 33% 3.3% 13.3% 3% 15.0% 4 MCB 20.9% 20.9% 1.4% 22.3% 22.2% 5 Allied 15.5% 15.5% 2.4% 17.9% 16.2% 6 Bank AlFalah 8.4% 8.4% 3.6% 12.1% 12.6% 7 Bak Alhabib 10.8% 10.8% 3.6% 14.4% 15.9% Medium Banks (System Share: Total Assets >2% and <5% of Total banking I dt ) Capital Adequacy at end Dec-13 CET 1 Tier I Tier II Total CAR Standard Chartered 15.1% 15.1% 2.0% 17.0% 14.3% 2 Askari 8.2% 8.2% 2.2% 10.4% 11.8% 3 Faysal 9.9% 9.9% 1.4% 11.3% 10.7% 4 The Bank of Punjab 8.7% 8.7% 0.3% 9.0% 7.7% 5 HbibMt Habib Metro 15.6% 15.6% 06% 0.6% 16.1% 1% 16.7% Small Banks (System Share: Total Assets <2% of Total banking Insudtry) Capital Adequacy at end Dec-13 CET 1 Tier I Tier II Total CAR NIB 11.1% 11.1% 0.0% 11.1% 13.0% 2 Soneri 10.5% 10.5% 04% 0.4% 11.0% 12.4% 3 Summit 0.6% 2.7% 1.7% 4.4% 4.6% 4 JS 18.8% 18.8% 0.2% 19.0% 24.3% 5 The Bank of Khyber 23.4% 23.4% 0.6% 24.0% 25.0% 6 Silk 3.5% 4.5% 2.4% 6.9% 5.7% 7 Sindh 24.0% 24.0% 0.0% 24.0% 38.5% 8 KASB -2.3% -2.6% -0.6% 9 SAMBA 42.4% 42.4% 0.0% 42.4% 43.8% 10 First Women 20.0% 20.0% 0.0% 20.1% 24.7% Islamic Banks Capital Adequacy at end Dec-13 CET 1 Tier I Tier II Total CAR Meezan 11.4% 11.4% 1.1% 12.5% 14.1% 2 AlBaraka 9.6% 9.6% 2.4% 12.0% 11.2% 3 BankIslami 14.3% 14.3% 1.4% 15.7% 15.5% 4 Dubai Islamic 14.4% 14.4% 0.2% 14.6% 19.1% 5 Burj 20.5% 20.5% 0.3% 20.8% 22.6%
27 Glossary & Data References Data References: 1. Financial Soundness Indicators and Quarterly Compendium of the Banking System : 13, Mar-13] 2. National Data Summary Page, SBP : [Mar-14, Dec- Glossary: ADR Advances to Deposits Ratio IDR Investments to Deposits Ratio CAR Capital Adequacy Ratio CET I Common Equity Tier I
28 Samiya Mukhtar Contact number: DISCLAIMER PACRA has used due care in preparation of this document. Our information has been obtained from sources we consider to be reliable but its accuracy or completeness is not guaranteed. The information in this document may be copied or otherwise reproduced, in whole or in part, provided the source is duly acknowledged. The presentation should not be relied upon as professional advice.
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