KPMG Taseer Hadi & Co. Chartered Accountants. Snapshot of results of Banks in Pakistan

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1 KPMG Taseer Hadi & Co. Chartered Accountants Snapshot of results of Banks in Pakistan

2 Snapshot of results of banks in Pakistan Six months period ended 30 June 2017 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 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 at syedanjum@kpmg.com Dated: 13 September 2017 Karachi 2

3 HBL NBP UBL MCB ABL BAF BAH Ranking By total assets By net assets By profit before tax Profit before tax (six months) * 27,717 28,298 13,838 17,220 23,188 25,482 17,679 19,535 11,449 14,809 8,621 7,593 7,700 6,835 Net interest income (six months) * 41,401 41,423 26,688 28,127 28,818 30,354 20,533 24,030 16,296 17,711 14,815 14,656 12,748 12,767 Return on average equity * 15.87% 17.11% 10.11% 11.85% 16.03% 18.65% 18.56% 15.28% 13.16% 18.66% 16.22% 16.18% 22.0% 20.4% Return on average assets * 1.2% 1.4% 0.8% 1.2% 1.5% 1.9% 2.2% 2.0% 1.2% 1.8% 1.1% 1.0% 1.2% 1.1% Operating cost to net interest income ratio * 69.9% 62.9% 101.6% 86.9% 67.3% 61.5% 70.0% 49.2% 63.3% 55.9% 82.5% 80.5% 77.5% 70.9% Net provision / (reversal) (six months) * 1,161 1,454 1,432 1,393 (191) 1,521 (1,353) (564) (707) 243 (149) (725) Impairment cover * (Times) Non performing advances to gross loans ^ 8.4% 9.2% 14.7% 15.4% 7.1% 8.0% 5.2% 5.6% 4.8% 5.9% 4.2% 4.8% 1.8% 2.1% Total assets ^ 2,693,077 2,507,182 2,330,955 1,981,417 1,948,137 1,661,742 1,356,468 1,076,690 1,109,365 1,070, , , , ,820 Net assets ^ 199, , , , , , , , , ,815 64,794 60,925 43,563 42,895 Advances to deposit ratio * 40.6% 38.1% 40.9% 42.7% 44.2% 43.7% 45.6% 45.8% 43.4% 44.0% 60.8% 53.1% 46.2% 42.5% Current and saving deposits to total deposits ^ 83.1% 81.9% 75.1% 70.4% 67.0% 66.8% 91.5% 91.3% 72.8% 70.1% 79.4% 80.3% 79.1% 77.9% Earnings per share * Market price (per share) * Market capitalization * 394, , , , , , , , , ,011 64,624 40,789 63,073 47,925 Figures in columns of 2017 are as of 30 June 2017 * Comparative based on 30 June 2016 ^ Comparative based on 31 December Not Applicable 3

4 Meezan Askari BOP HMB SCB Faysal ICBC Ranking By total assets By net assets By profit before tax Profit before tax (six months) * 5,521 5,127 4,869 4,992 3,795 4,245 4,197 4,573 8,571 8,972 4,842 4,364 2,907 1,196 Net interest income (six months) * 10,109 8,803 7,835 7,190 7,159 5,948 6,975 5,908 8,922 10,660 7,010 6,061 3,207 1,098 Return on average equity * 18.5% 22.0% 17.6% 20.7% 15.5% 23.0% 11.6% 12.8% 16.6% 17.4% 16.5% 18.6% 43.2% 21.3% Return on average assets * 1.0% 1.2% 0.9% 1.1% 0.8% 1.2% 0.8% 0.9% 2.1% 2.3% 1.2% 1.2% 1.3% 0.9% Operating cost to net interest income ratio * 89.4% 88.8% 95.8% 93.4% 68.7% 69.9% 77.4% 77.4% 59.7% 56.8% 84.3% 91.8% 15.2% 38.9% Net provision / (reversal) (six months) * 107 (299) (1,062) (425) 1, ,003 (524) (66) (525) Impairment cover * (Times) Non performing advances to gross loans ^ 1.9% 2.1% 9.5% 10.9% 16.1% 18.7% 9.8% 12.4% 12.7% 16.4% 11.7% 13.1% 0.0% 0.0% Total assets ^ 685, , , , , , , , , , , , , ,979 Net assets ^ 35,794 34,773 33,628 32,854 29,975 27,859 41,873 39,738 60,851 61,282 37,217 35,008 9,600 7,785 Advances to deposit ratio * 56.2% 44.5% 49.7% 47.0% 57.5% 57.9% 35.9% 32.8% 34.4% 34.5% 60.3% 62.0% 11.7% 14.3% Current and saving deposits to total deposits ^ 75.1% 73.9% 81.8% 79.4% 71.4% 69.0% 53.6% 54.0% 91.5% 93.0% 66.8% 64.7% 74.9% 73.9% Earnings per share * Market price (per share) * Ø Ø Market capitalization * 79,216 42,616 25,419 23,542 18,319 12,503 34,631 29,727 90,944 92,337 29,694 15,729 Ø Ø Figures in columns of 2017 are as of 30 June 2017 * Comparative based on 30 June 2016 ^ Comparative based on 31 December Not Applicable 4

5 JS Soneri BOK Summit Bank Islami DIB Sindh Ranking By total assets By net assets By profit before tax Profit / (loss) before tax (six months) * 841 1,425 1,450 2,049 1,652 1,746 (173) (1,426) , ,413 1,225 Net interest income (six months) * 2,785 2,944 3,257 3,796 2,227 2,240 1,608 1,294 2,472 2,087 3,103 2,542 2,530 2,105 Return on average equity * 4.3% 9.2% 9.2% 13.1% 11.6% 12.7% -4.5% -17.5% 0.6% 7.2% 11.3% 11.0% 9.3% 7.9% Return on average assets * 0.3% 0.8% 0.5% 0.9% 0.9% 1.3% -0.2% -1.1% 0.0% 0.5% 0.8% 0.6% 1.0% 1.0% Operating cost to net interest income ratio * 151.9% 129.3% 106.5% 84.7% 81.0% 67.8% 187.5% 234.6% 121.0% 141.1% 91.9% 103.8% 84.3% 90.9% Net provision / (reversal) (six months) * (45) 1,218 8 (1,158) ,093 Impairment cover * (Times) Non performing advances to gross loans ^ 2.4% 3.4% 6.6% 7.8% 8.8% 15.1% 16.7% 17.7% ** 16.2% 2.2% 2.5% 4.0% 2.8% Total assets ^ 345, , , , , , , , , , , , , ,206 Net assets ^ 19,653 19,762 17,214 18,289 15,328 16,143 12,315 12,645 12,993 13,066 14,169 12,107 16,527 15,559 Advances to deposit ratio * 45.6% 49.3% 61.9% 58.8% 28.7% 23.5% 56.4% 57.6% 55.3% 50.1% 73.2% 75.9% 46.2% 51.8% Current and saving deposits to total deposits ^ 42.6% 39.7% 63.6% 64.5% 61.2% 56.3% 70.5% 71.7% ** ** 68.6% 70.3% 68.1% 63.9% Earnings / (loss) per share * (0.13) (0.48) Market price (per share) * Ø Ø Ø Ø Market capitalization * 10,285 6,370 16,184 15,677 15,754 12,553 7,328 5,318 13,405 10,613 Ø Ø Ø Ø Figures in columns of 2017 are as of 30 June 2017 * Comparative based on 30 June 2016 ^ Comparative based on 31 December Not Applicable Ø Unlisted Bank 5

6 Silk CitiBank AlBaraka Samba DB BOT Ranking By total assets By net assets By profit before tax Profit / (loss) before tax (six months) * ,895 3, (241) Net interest income (six months) * 2,602 2,190 1,446 1,479 1,821 1,098 1,123 1, Return on average equity * 7.9% 6.9% 20.1% 32.2% 1.2% -5.7% 3.7% 6.5% 15.2% 8.8% 6.8% 0.6% Return on average assets * 0.7% 0.5% 1.8% 4.1% 0.1% -0.4% 0.4% 1.1% 3.6% 1.8% 2.4% 0.2% Operating cost to net interest income ratio * 116.6% 102.4% 74.5% 69.2% 135.4% 138.9% 84.9% 112.6% 121.9% 126.0% 93.0% 300.4% Net provision / (reversal) (six months) * (26) (42) (96) (7) - - Impairment cover * (Times) Non performing advances to gross loans ^ 6.6% 8.4% 11.6% 118.0% 10.2% 10.1% 6.6% 7.7% 1.4% 2.9% 0.0% 0.0% Total assets ^ 146, , , , , , , ,414 25,491 24,494 12,986 10,359 Net assets ^ 12,518 12,055 11,179 10,220 11,336 11,390 12,589 12,320 6,277 5,538 4,168 4,028 Advances to deposit ratio * 75.6% 73.6% 25.3% 35.0% 66.3% 64.2% 60.7% 57.6% 34.7% 44.0% 25.7% 49.5% Current and saving deposits to total deposits ^ 55.2% 51.3% 72.1% 73.9% 68.6% 66.0% 50.3% 46.1% ** ** 14.1% 23.8% Earnings / (loss) per share * (0.19) Market price (per share) * Ø Ø Ø Ø Ø Ø Ø Ø Market capitalization * 15,258 13,260 Ø Ø Ø Ø 7,209 7,713 Ø Ø Ø Ø Figures in columns of 2017 are as of 30 June 2017 * Comparative based on 30 June 2016 ^ Comparative based on 31 December 2016 ** Information not available in Financial Statements - Not Applicable Ø Unlisted Bank 6

7 Islamic Banks and Islamic Banking Business of Conventional Banks Operating cost to net Profit / (Loss) before tax Net return before Net provision / Impairment cover Bank return before provision Total Assets ^ Net Assets ^ (six months) * provision (six months) * (reversal) (six months) * (Times) * ratio * Islamic Financing to Deposit ratio ^ Rupees in millions Rupees in millions Rupees in millions Rupees in millions Rupees in millions Meezan 5,521 5,127 10,109 8, % 88.8% 107 (299) , ,268 35,794 34, % 28.8% Bank Islami ,472 2, % 141.1% 8 (1,158) , ,994 12,993 13, % 50.1% DIB 1, ,103 2, % 103.8% , ,133 14,169 12, % 75.9% AlBaraka 82 (241) 1,821 1, % 138.9% (96) , ,799 11,336 11, % 64.2% MCBIB % 81.0% (0.341) ,267 28,569 10,213 10, % 128.5% Bank Profit / (Loss) before tax (six months) * Net return before provision (six months) * Operating cost to net return before provision ratio * Net provision / (reversal) (six months) * Impairment cover (Times) * Total Assets ^ Net Assets ^ Islamic Financing to Deposit ratio ^ Rupees in millions Rupees in millions Rupees in millions Rupees in millions Rupees in millions HBL 2,163 1,413 2,405 1, % 18.2% , ,688 8,646 7, % 15.6% BAF 1, ,246 1, % 75.8% (89) , ,698 11,378 10, % 37.5% Faysal 359 (29) 1, % 112.7% ,170 56,378 4,808 4, % 69.3% SCB 1, ,242 1, % 69.4% (95) (142) ,063 52,400 6,064 4, % 79.9% HMB % 83.5% 9 (3) ,559 46,802 2,584 1, % 16.0% UBL 74 (4) % 108.2% 1.2 (0.3) 65-47,171 47,970 1,797 1, % 19.1% Askari (179) % 107.8% ,187 40,862 2,747 2, % 78.8% BOK % 84.5% (115) ,671 35,637 4,300 4, % 27.8% NBP (31) (98) % 141.8% ,461 35,814 1,840 1, % 7.6% BAH % 108.6% ,434 29,551 4,052 2, % 77.8% BOP % 94.0% ,074 24,130 1,450 1, % 40.9% Summit ** 30 ** 97 ** 93.4% ** ** ** ** 23,362 14,222 1,559 1, % 59.2% Silk % 97.0% ,981 12,637 1,344 1, % 89.2% Soneri % 105.7% (30) ,968 11,868 1,152 1, % 38.0% ABL (168) (24) % 198.9% ,045 9, % 48.2% Sindh (54) (55) % 446.1% ,463 4, % 70.5% Figures in columns of 2017 are as of 30 June 2017 * Comparative based on 30 June 2016 ^ Comparative based on 31 December 2016 ** Information not available in Financial Statements - Not Applicable 7

8 Legend Banks Legend Banks Legend Habib Bank Limited HBL JS Bank Limited JS National Bank of Pakistan NBP Soneri Bank Limited Soneri United Bank Limited UBL The Bank of Khyber BOK MCB Bank Limited MCB Summit Bank Limited Summit Allied Bank Limited ABL Bank Islami Pakistan Limited Bank Islami Bank Alfalah Limited BAF Dubai Islamic Bank Pakistan Limited DIB Bank Al-Habib Limited BAH Sindh Bank Limited Sindh Meezan Bank Limited Meezan Silk Bank Limited Silk Askari Bank Limited Askari Citibank N.A (Pakistan Branches) CitiBank Bank of Punjab BOP Al-Baraka Bank (Pakistan) Limited AlBaraka Habib Metropolitan Bank Limited HMB Samba Bank Limited Samba Standard Chartered Bank (Pakistan) Limited SCB Deutsche Bank AG (Pakistan Branches) DB Faysal Bank Limited Faysal Bank of Tokyo Mitsubishi UFJ, Limited BOT Industrial and Commercial Bank of China Limited (Pakistan Branches) ICBC MCB Islamic Bank Limited MCBIB 8

9 Definitions Average assets The average of closing total assets at two periods ended on 30 June. Average equity The average of closing equity at two periods ended on 30 June. Equity Equity includes shares capital / head office capital account, reserves, unappropriated profit / accumulated loss, minority interest and surplus / deficit on revaluation of assets. Gross loans Loans, cash credits, overdrafts, ijaras, etc. and local & foreign bills discounted & purchased before provisions. Impairment cover Number of times impairment charge on loans and advances and investments is covered by net profit before charging impairment. Net interest income Mark-up / return / interest earned (before provisions) less mark-up / return / interest expensed. Net provisions Includes provision against non performing advances, provision for diminution in value of investments and bad debts written off directly. Operating cost Includes administrative expenses, other provisions / write offs and other charges. Return on average assets Profit after tax as a percentage of average total assets. Return on average equity Profit after tax as a percentage of average equity. 9

10 Contact us Karachi Office Sheikh Sultan Trust Building No. 2 Beaumont Road Karachi Telephone 92 (21) Telefax 92 (21) karachi@kpmg.com Lahore Office 2nd Floor, Servis House 2-Main Gulberg, Jail Road Lahore Phone +92 (42) Fax +92 (42) lahore@kpmg.com Islamabad Office Sixth Floor, State Life Building Blue Area Islamabad Telephone 92 (51) Telefax 92 (51) islamabad@kpmg.com The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. The KPMG name and logo are registered trademarks or trademarks of KPMG International.