41658419 habib bank limited financial model

8/3/2019 41658419 Habib Bank Limited Financial Model

1/34

Ha Ban L m te .

FY04 FY05 FY06 FY07 FY08 FY09Common Size Analysis

Mark-up / return / interest earned 100% 100% 100% 100% 100% 100%Mark-up / return / interest expensed 25% 23% 30% 38% 42% 31% 33%Net mark-up / interest income 75% 77% 70% 62% 58% 69%

Provision against non-performing loans and advances - net 10% 9% 7% 16% 11% 11% 11%

Charge / (reversal) against off-balance sheet obligations 3% 0% 0% 0% 1% 1% 0%Charge / (reversal) of provision against diminution in the value of -1% 0% 0% 0% 3% 0% 1%Bad debts written off directly 0% 0% 0% 0% 0% 0%

13% 9% 6% 16% 15% 12%

Net mark-up / interest income after provisions 63% 68% 63% 46% 44% 49% 53%

Non mark-up / interest incomeFee, commission and brokerage income 14% 9% 9% 7% 7% 7% 6%Income / gain on investments 23% 5% 3% 5% 4% 6% 4Income from dealing in foreign currencies 6% 4% 3% 3% 4% 3% 3%Gain on investments in associate 6% 5% 5Other income 11% 6% 5% 5% 5% 5%Total non-mark-up / interest income 54% 24% 19% 20% 26% 23%

117% 92% 83% 66% 69% 85%Non mark-up / interest expenseAdministrative expenses 76% 44% 35% 36% 34% 45% 3Other provisions / write offs - net 1% 1% 0.28% -1% 0.32% 0.43% 0.25Other charges 0.04% 0.21% 0.13% 0.17% 0.10% 0.13% 0.15Workers welfare fund 0% 0% 0% 0.0% 1% 0.10% 0Total non mark-up / interest expenses 77% 45% 36% 36% 35% 46% 39%

Staff retrenchment cost 0% 5% 4% 0% 0% 2%Profit before taxation 40% 48% 47% 30% 35% 40%

Taxationcurrent 2% 13% 16% 14% 14% 12%prior years 0% 0% 0% 3% 0% 1%deferred 6% 0% -2% -8% -4% -1%

8% 13% 14% 10% 10% 11%Profit after taxation 32% 35% 33% 20% 25% 29%

Attributable to:Equity holders of the Bank 98% 99% 99% 99% 99% 99% 9Minority interest 1.55% 0.86% 0.55% 0.83% 0.51% 0.86% 0.

100% 100% 100% 100% 100% 100%2.37%

M2 Growth YoY 17.0% 14.0% 20.0% 15.0% 8%HBL Gross Markup growth 78% 35% 16% 25% -13%Correlation b/w HBL EBIT and M2 growth 0.54 0.64

Earning RatiosROA 1.18% 2.13% 2.44% 1.33% 2.26% 1.68%ROE 22.63% 37.49% 38.48% 20.14% 34.84% 25.05% 25ROD 1.42% 2.60% 3.14% 1.69% 2.94% 2.13%

Asset Quality Ratios


2/34

FY12 FY13

100% 100%

32% 29%68% 71%

12% 11%0% 0%1% 1%0% 0%

13% 13%


3/34

Habib Bank LimitedProfit & Loss Account

Rs. In '000 FY04 FY05 FY06 FY07 FY08

Mark-up / return / interest earned 18,198,725 32, 343 ,206 43 ,685,7 40 50, 481,021 6 3 ,305,0 33 Mark-up / return / interest expensed 4 ,472,1 38 7, 327,60 3 1 3 ,20 4 ,0 37 19,15 3 ,957 26,525,556 N et mark-up / interest income 13,726,587 25,015,603 30,481,703 31,327,064 36,779,477

Provision against non-performing loans and advances - net 1,887,552 2,97 4 ,665 2,86 3 ,207 8,2 38,227 6,90 4 ,919 Charge / (reversal) against off-balance sheet obligations 571, 351 128,851 (45, 43 8 ) (5 4 ,626 ) 372,598Charge / (reversal) of provision against diminution in the value of inv ( 151,218 ) (82,568 ) (1 3 ,697 ) (8 4 ,310 ) 1,909,887 Bad debts written off directly - - - - -

2, 307,685 3 ,020,9 48 2,80 4 ,072 8,099,291 9,187, 40 4

Net mark-up / interest income after provisions 11, 418,902 21,99 4 ,655 27,677,6 31 2 3 ,227,77 3 27,592,07 3

N on mark-up / interest incomeFee , commission and brokerage income 2,510, 433 2,9 38,000 3 ,9 31,710 3 ,420,051 4 ,518, 408Income / gain on investments 4 ,2 35,57 4 1,726, 33 6 1,219,62 3 2, 472,66 3 2, 369,2 33 Income from dealing in foreign currencies 1,095,789 1, 402,521 1,102, 358 1, 487, 37 4 2, 37 4 ,318 Gain on investments in associate - - - - 4 ,000, 33 0

Other income 2,020,506 1,787, 443 2,2 35,805 2,6 43 ,076 3 ,116,522 Total non-mark-up / interest income 9,862, 302 7,85 4 ,300 8, 489, 496 10,02 3 ,16 4 16, 378,811 Total Mark-up + N on-Markup Income after provisions 21,281,20 4 29,8 48,955 36,167,127 33 ,250,9 37 43 ,970,88 4N on mark-up / interest expenseAdministrative expenses 1 3 ,781,291 1 4 ,095,06 3 15, 425, 461 18,297,279 21, 34 8,016 Other provisions / write offs - net 2 44 ,950 2 49,0 33 122,510 (276,111 ) 200,16 3 Other charges 7,52 3 68, 48 3 5 4 ,898 85,152 6 4 ,751 Workers welfare fund - - - - 32 3 ,575 Total non mark-up / interest expenses 1 4 ,0 33 ,76 4 1 4 ,412,579 15,602,869 18,106, 320 21,9 36,505 Income before extra-ordinary item 15, 43 6, 376 20,56 4 ,258

Staff retrenchment cost - 1,602,

401

1,72

3,771

- - Profit before taxation 7,247,440 15,436,376 20,564,258 15,144,617 22,034,379

Taxationcurrent 398,152 4 ,076,8 48 7,1 44 ,8 46 7,220,717 8,661,150 prior years 15, 34 1 (39, 397 ) (39,067 ) 1,668,562 2 33 ,100deferred 1,070,5 43 1 49,975 (965,607 ) (3 ,828,699 ) (2, 47 3 ,891 )

1, 48 4 ,0 36 4 ,187, 426 6,1 40,172 5,060,580 6, 420, 359 Profit after taxation 5,763,404 11,248,950 14,424,086 10,084,037 15,614,020

Attributable to:Equity holders of the Bank 5,67 3 ,986 9,56 3 ,30 3 12,6 30,259 10,000,2 31 15,5 35,011 Minority interest 89, 418 8 3 ,2 46 70,056 8 3 ,806 79,009

5,763,404 9,646,549 12,700,315 10,084,037 15,614,020 Number of shares 690,000 690,000 690,000 690,000 759,000 Basic and diluted earnings per share 8.21 13.86 18.30 13.18 20.47 Basic EPS 8. 35 1 3 .98 18. 41 1 4 .61 20.57

Dividend per share 0.50 1.00 1.00 2.00 4 .00 DPO 6% 7% 5% 1 4% 19% Rentention Ratio 9 4% 9 3% 95% 86% 81%


4/34

FY11 E FY12 E FY13 E

66,871,619 7 4 ,229, 468 82,560,2 46

2 3 ,320,2 48 2 3 ,9 41,901 2 3 ,655,677 43,551,371 50,287,567 58,904,569

7,979, 465 8,206,161 - 196,699.12 277, 451.56 388,175.80

501,1 39 672,190 92 4 ,7 33

- - - 8,677, 30 3 9,155,802 1, 312,909

34 ,87 4 ,068 41,1 31,76 4 57,591,660

3 ,908,577 3 ,96 3 ,91 4 4 ,219,2 47 2 396 721 2 44 0 1 43 2 485 2 36 a ance ee


5/34

a ance eeRs. In '000 FY04 FY05 FY06 FY07 FY08 FY09 E FY10 E

ASSETSCash and balances with treasury banks 31,970,302 33,051,049 46,310,478 55,487,664 56,533,134 76,942,465 70,Balances with other banks 33,419,120 31,813,513 35,965,048 27,020,704 39,307,321 47,494,841 51,Lendings to financial institutions 3,755,039 12,272,248 6,550,128 1,628,130 6,193,787 8,893,271 10,Investments 134,522,944 107,384,470 119,587,476 177,942,251 138,145,692 77,154,035 178,Advances 259,089,466 316,881,635 349,432,685 382,172,734 456,355,507 41,024,121 212,Other assets 11,919,594 14,481,818 17,765,291 27,346,111 35,419,252 28,473,594 33,

Operating fixed assets 11,110,724 11,166,195 11,954,876 13,780,555 14,751,252 17,528,159 19,Deferred tax asset 1,978,144 1,842,977 2,725,486 6,613,372 11,222,444 6,183,760 7,TOTAL ASSETS 487,765,333 528,893,905 590,291,468 691,991,521 757,928,389 846,602,345 952,

LIABILITIESBills payable 7,601,766 5,776,325 5,737,457 15,418,230 9,944,257 12,127,980 13,Borrowings from financial institutions 29,346,284 34,904,352 56,392,270 58,994,609 46,844,990 62,437,375 72,Deposits and other accounts 404,629,059 432,545,165 459,140,198 531,298,127 597,090,545 632,915,978 752,Sub-ordinated loans 0 0 0 3,100,000 3,954,925 1,642,052 2,Liabilities against assets subject to finance lease 0 0 0 0 0 0 0Other liabilities 14,162,888 14,490,213 15,578,177 19,943,126 24,913,236 69,506,991.98 32,786Deferred tax liability 0 0 0 0 0 0TOTAL LIABILITIES 455,739,997 487,716,055 536,848,102 628,754,092 682,747,953 778,630,376 873,278,146NET ASSETS 32,025,336 41,177,850 53,443,366 63,237,429 75,180,436 67,971,968 79,288,210

REPRESENTED BY:Shareholders' equityShare capital 6,900,000 6,900,000 6,900,000 6,900,000 7,590,000 7,590,000 7,590,000Reserves 2,645,730 15,912,277 17,802,584 19,821,455 24,243,254 11,306,418 23,Unappropriated profit 13,559,089 9,908,920 20,475,080 28,341,670 39,447,648 29,499,570 34,Total equity attributable to the equity holders of t 23,104,819 32,721,197 45,177,664 55,063,125 71,280,902 48,395,987 65,938,417 77,136Minority interest 835,390 846,801 913,317 965,642 890,099 9,787,990 3,Surplus on revaluation of assets - net of deferred t 8,085,127 7,609,852 7,352,385 7,208,662 3,009,435 9,787,990 10,

32,025,336 41,177,850 53,443,366 63,237,429 75,180,436 67,971,968 79,288,210

CONTINGENCIES AND COMMITMENTS

Check 0 0 0 0 0 0

ADR 64% 73% 76% 72% 76% 6%IDR 33% 25% 26% 33% 23% 12%ADR + IDR 97% 98% 102% 105% 100% 19%Infection Ratio 11% 10% 6% 5% 6% 15%


6/34

FY12 E FY13 E

90,252,106 99,896,502

60,642,982 71,111,028 9,766,071 12,510,018

216,223,269 221,841,757 672,678,809 781,066,018

46,139,281 51,466,330

24,094,013 27,069,939 11,620,803 13,069,000

1,198,769,318 1,344,363,328 Habib Bank Ltd. - Cash Flow Statement


7/34

Habib Bank Ltd. Cash Flow StatementRs. In '000 FY04 FY05 FY06CASH FLOWS FROM OPERATING ACTIVITIESProfit before taxation 7,247,440 15,436,376 20,564,258Less: Dividend income and share of profit of joint venture companies (850,918) (415,533) (1,192,213)Gain on sale of investments- net (3,384,656) (1,310,803) (27,410)

(4,235,574) (1,726,336) (1,219,623)3,011,866 13,710,040 19,344,635

Adjustment for non-cash charges

Depreciation / amortisation / adjustments 846,116 810,663 969,983Reversal against diminution in the value of investments (151,218) (82,568) (13,697)Provision against non-performing loans and advances - net of reversals 1,887,551 2,974,665 2,863,207Amortisation of premium on investments 403,892 410,420 361,750Gain on sale of property and equipment - net (24,315) (43,001) (73,441)Miscellaneous provisions 511,432 (147,128) (71,469)

3,473,458 3,923,051 4,036,3336,485,324 17,633,091 23,380,968

(Increase) / decrease in operating assetsGovernment securities 20,715,839 27,354,750 (13,352,383)Lendings to financial institutions 18,840,449 (8,517,209) 5,722,120Loans and advances (77,353,062) (60,766,834) (35,414,257) (4Other assets - net (219,825) (5,597,584) (1,894,864)

(38,016,599) (47,526,877) (44,939,384) (4Increase / (decrease) in operating liabilitiesDeposits and other accounts 43,980,831 27,916,106 26,595,033Borrowings from financial institutions (2,263,916) 5,558,068 21,487,918Bills payable 1,343,540 (1,825,441) (38,868)Other liabilities - net 637,846 764,674 1,894,448

43,698,301 32,413,407 49,938,53112,167,026 2,519,621 28,380,115

Change in WC 5,681,702 (15,113,470) 4,999,147Income tax paid - net (698,935) (974,888) (8,804,827)

Net cash flows from / (used in) operating activities 11,468,091 1,544,733 19,575,288

CASH FLOWS FROM INVESTING ACTIVITIES

Net investments in held to maturity and available-for-sale securities and joint ventures 4,871,286 1,202,093 589,141

Dividend income received 960,232 224,545 720,998

Fixed capital expenditure (818,806) (883,817) (1,662,596)

Proceeds from sale of fixed assets 54,212 60,891 153,904

Exchange adjustment on translation of balances in foreign branches, subsidiaries, joint venture and associates 902,448 (679,792) 449,350

Net cash flows from investing activities 5,969,372 (76,080) 250,797

CASH FLOWS FROM FINANCING ACTIVITIESSub-ordinated loans 3

Dividend paid to minority interest by Modaraba (46,4Minority interest impact of exchange adjustment on translation of balances in subsidiaries etc. 14,166Minority share of deficit on revaluation of securities of subsidiaries / modaraba 810Dividend paid (391,112) (691,350)Net cash flows (used in) / from financing activities - (391,112) (691,350)


8/34

FY09 FY10 FY11 FY12 FY13

18,834,626 20,547,111 20,672,065 24,704,365 38,418,231 -1,362,166 -1,464,416 -1,674,192 -1,770,588 -1,690,579-1,042,520 -574,093 -426,750 -506,619 -547,536(2,404,686) (2,038,508) (2,100,943) (2,277,207) (2,238,115) 16,429,940 18,508,603 18,571,122 22,427,158 36,180,116

1,085,893 1,133,849 1,198,486 1,244,187 1,257,672315,619 408,986 507,297 611,496 750,657

4,573,714 5,110,946 5,538,203 6,073,202 5,640,197507,747 533,710 564,533 615,229 615,229-46,902 -51,419 -53,103 -49,035 -48,460106,972 26,080 60,721 87,159 170,739

6,441,493 7,035,100 7,657,510 8,381,746 8,268,48920,122,221 22,849,601 23,892,903 23,995,290 24,470,351

6,943,641 4,189,202 -443,908 2,137,787 2,565,344

3,280,340 168,318 1,905,424 1,142,085 386,102-59,120,024 -55,473,417 -54,414,733 -58,214,828 -61,662,139-4 046 838 -4 812 240 -4 655 172 -5 207 233 -4 805 630

Habib Bank Ltd. - Notes to Proft and Loss Account 2004 2005 2006 2007 2008 2009 2010 2011


9/34

Rs. In '000MARK-UP / RETURN / INTEREST EARNEDOn loans and advances to

Customers 11,238,010 22,690,603 32,598,656 36,030,674 46,916,618 40,957,356 44,859,102 49,559,886

Financial institutions 76,172 149,336 231,011 257,623 224,900 246,325 272

On investments

Available-for-sale 6,003,745 6,714,759 7,235,562 11,072,401 13,210,987 11,532,952 12,631,623 13,955,290

Held-to-maturity 0 1,421,027 932,668 739,749 627,927 548,169 600,389 663,

On deposits with financial institutions 676360 1,033,061 1,002,062 1,808,199 1,681,796 1,468,177 1,608,041 1,776,548

On lendings to financial institutions 280610 407,584 1,767,456 598,987 610,082 532,591 583,327 644,454

18,198,725 32,343,206 43,685,740 50,481,021 63,305,033 55,264,145 60,528,807 66,871,619

MARK-UP / RETURN / INTEREST EXPENSED

D eposits 3,905,763 6,016,621 10,590,476 16,767,617 22,836,362 18,421,382 24,211,523 26,748,648

Securities sold under repurchase agreement borrowings 194,313 336,172 367,962 752,141 1,829,627 810,121 935,499 1,101,224

Other short term borrowings 356,794 936,410 2,167,784 1,426,300 1,367,513 1,636,218 1,913,169 2,149,163

Long term borrowings 12,657 37,223 77,481 207,899 492,054 171,441 216,909 272,17

Others 2,611 1,177 334 0 0 2,072 987

4,472,138 7,327,603 13,204,037 19,153,957 26,525,556 17,385,967 19,875,802 23,320,2

ADMINISTRATIVE EXPENSES

Salaries, allowances, etc. 8,457,833 8,689,124 9,649,081 10,363,787 11,793,597 14,875,736 13,925,286 14,868,357Charge for defined benefit / contribution plan and other bene 635,257 522,703 98,964 210,283 470,304 717,637 520,631 474,081

Contribution to defined contribution plan 68,787 149,398 225,162 0 0 149,800 151,127 138,578

Non-executive directors' fees, allowances and other expenses 40 54 46 1,038 11,200 2,237 2,914 3,840

Brokerage and commission 11,413 11,412 15,404 14,008 13,476 20,149 18,890 20,324

Rent, taxes, insurance, electricity, etc 1,077,333 1,010,196 1,045,775 1,316,042 1,919,993 1,887,489 1,764,117 1,921,046

Legal and professional charges 163,986 199,117 372,006 634,933 763,018 534,000 592,762 703,515

Communications 143,315 154,387 263,465 434,598 417,599 374,526 396,913 462,36

Repairs and maintenance 274,337 330,669 388,056 547,029 728,718 624,802 638,699 710,018Stationery and printing 216,549 266,385 288,531 268,802 413,739 426,644 416,698 442,283

Auditors' remuneration 287,724 54,196 66,313 80,267 92,494 243,769 128,995 148,60

Advertisement and publicity 63,395 425,321 253,049 884,365 696,203 563,059 697,868 749,322

Amortisation 0 27,720 172,004 234,900 366,965 168,493 221,454 282

D epreciation 846,116 742,697 797,979 941,862 1,258,978 1,395,616 1,271,445 1,378,50

Entertainment 46,927 51,677 61,628 76,633 92,201 94,630 93,158 102,

Travelling 147,263 173,392 229,832 403,116 322,307 351,378 363,863 410

Conveyance and motor car 84,415 86,256 78,387 68,286 93,070 131,779 117,046 119,506Training 67,780 67,939 137,980 126,581 168,784 156,477 160,573 18

Security charges 102,330 125,131 289,123 335,924 351,894 313,051 343,379 403,49

Remittance charges 180,127 142116 219,732 201,601 88,877 273,217 239,273 258,449

Conveyance and motor car 0.46 0.27 0.18 0.14 0.15 0.24 0.19 0.18


10/34

Training 0.37% 0.21% 0.32% 0.25% 0.27% 0.28% 0.27% 0.28%

Security charges 0.56% 0.39% 0.66% 0.67% 0.56% 0.57% 0.57% 0.60%

Remittance charges 0.99% 0.44% 0.50% 0.40% 0.14% 0.49% 0.40% 0.39%

D onations 0.00% 0.13% 0.00% 0.01% 0.04% 0.04% 0.04% 0.03%

Others 4.98% 2.55% 1.76% 2.28% 1.99% 2.71% 2.26% 2.20%

Total Admin Expenses as a %age of markp earned 75.73% 43.58% 35.31% 36.25% 33.72% 44.92% 38.75% 37.79%


11/34

2012 2013

55,012,934 61,187,039

302,081 335,983

15 490 783 17 229 315


12/34 Habib Bank Ltd. - Notes to Balance Sheet

R I '000


13/34

Rs. In '000 FY04 FY05 FY06 FY07 FY08 FY09

ADVANCESLoans, cash credits, running finances, etc.In Pakistan 220,332,311 272,397,998 291,209,502 310,370,832 367,769,370 36,776,937Outside Pakistan 41,387,378 40,997,903 38,068,479 55,501,503 73,166,782 7,316,678

261,719,689 313,395,901 329,277,981 365,872,335 440,936,152 44,093,615Net investment in finance lease - in Pakistan 7,898,875 12,636,997 11,827,390 8,719,113 4,537,980 272,279

Bills discounted and purchased (excluding Government treasury bills)Payable in Pakistan 9,800,467 12,352,640 9,843,365 6,387,872 12,227,536 1,222,754Payable outside Pakistan 12,978,982 12,039,363 20,415,802 22,499,580 26,750,236 2,675,024

22,779,449 24,392,003 30,259,167 28,887,452 38,977,772 3,897,777Provision against non-performing advances -33,308,547 -33,543,266 -21,931,853 -21,306,166 -28,096,397 -7,239,551Net Advances 259,089,466 316,881,635 349,432,685 382,172,734 456,355,507 41,024,121Gross Advances 292,398,013 350,424,901 371,364,538 403,478,900 484,451,904 48,263,671NPL to Gross Advances 11% 10% 6% 5% 6% 15%

DEPOSITS AND OTHER ACCOUNTSCustomersFixed deposits 74,439,968 100,469,938 135,098,044 142,718,688 186,206,978 197,379,397Savings deposits 239,817,027 219,660,754 168,057,000 194,299,616 198,303,889 210,202,122Other Savings accounts 0 0 52,325,375 72,663,620 72,936,177 77,312,348Current accounts - non-remunerative 84,067,896 104,878,310 90,350,296 109,089,044 130,326,871 138,146,483Current accounts - remunerative 0 0 0 1,672,810 2,739,417 2,903,782

398,324,891 425,009,002 445,830,715 520,443,778 590,513,332 625,944,132Financial InstitutionsRemunerative deposits 2,891,984 3,581,694 8,612,135 6,477,822 2,368,970 2,511,108Non-remunerative deposits 3,412,184 3,954,469 4,697,348 4,376,527 4,208,243 4,460,738

6,304,168 7,536,163 13,309,483 10,854,349 6,577,213 6,971,846TOTAL DEPOSITS 404,629,059 432,545,165 459,140,198 531,298,127 597,090,545 632,915,978

Surplus / (deficit) on revaluation of investmentsMarket treasury bills -76,106 -47,772 -92,722 -242,682 -60,586 -103,974Pakistan Investment Bonds -67,980 -136,744 -142,457 -179,220 -2,272,277 -559,736Sukuk and Euro Bonds 0 0 0 0 -2,393,398 -478,680Listed securities 792,963 342,415 155,506 205,991 -49,072 289,561NIT units 16,352 25,426 20,605 32,809 12,419 21,522Other investments 45,270 85,093 88,456 83,338 1,616,624 383,756

710,499 268,418 29,388 -99,764 -3,146,290 -447,550Add: related deferred tax asset / liability 50,743 65,519 -11,732 38,612 2,173,027 463,234

761,242 333,937 17,656 -61,152 -973,263 15,684

ADVANCESLoans, cash credits, running finances, etc.In Pakistan 75% 78% 78% 77% 76% 76%

2% 2% 3% 2% 1% 1%TOTAL DEPOSITS 100% 100% 100% 100% 100% 100%


14/34

TOTAL DEPOSITS 100% 100% 100% 100% 100% 100%

Surplus / (deficit) on revaluation of investmentsMarket treasury bills 0% 0% 0% 0% 0% 0%Pakistan Investment Bonds 0% 0% 0% 0% 0% -1%Sukuk and Euro Bonds 0% 0% 0% 0% 0% -1%Listed securities 0% 0% 0% 0% 0% 1%

NIT units 0% 0% 0% 0% 0% 0%Other investments 0% 0% 0% 0% 0% 1%

0% 0% 0% 0% -1% -1%Add: related deferred tax asset / liability 0% 0% 0% 0% 0% 1%

FY10 FY11 FY12 FY13


15/34

FY10 FY11 FY12 FY13

183,884,685 505,682,884 581,535,316 668,765,61436,583,391 100,604,325 115,694,974 133,049,220

220,468,076 606,287,209 697,230,290 801,814,834

7,598,752 6,591,103 5,543,845 4,908,792

6,113,768 16,812,862 19,334,791 22,235,01013,375,118 36,781,575 42,298,811 48,643,632

19,488,886 53,594,437 61,633,602 70,878,642

-34,657,800 -86,641,457 -91,728,929 -96,536,249

212,897,914 579,831,291 672,678,809 781,066,018

247,555,714 666,472,748 764,407,738 877,602,268

14% 13% 12% 11%

2% 2% 2% 1%


16/34

% % % %

100% 100% 100% 100%

0% 0% 0% 0%

0% 0% 0% 0%

0% 0% 0% 0%

0% 0% 0% 0%0% 0% 0% 0%

0% 0% 0% 0%

0% 0% 0% 0%

0% 0% 0% 0%

Habib Bank LimitedProfit & Loss Account - Temporal Analysis


17/34

FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13

Mark-up / return / interest earned 78% 35% 16% 25% -13% 10% 10% 11% 11%

Mark-up / return / interest expensed 64% 80% 45% 38% -19% 14% 16% 17% 17%

N et mark-up / interest income 82% 22% 3% 17% -9% 7% 7% 8% 8%

Provision against non-performing loans and advances - net 58% -4% 188% -16% 8% -6% -7% -7% -7%

Charge / (reversal) against off-balance sheet obligations -77% -135% 20% -782% 391% -293% -323% -339% -346%

Charge / (reversal) of provision against diminution in the value -45% -83% 516% -2365% 1183% -887% -976% -1024% -1045%

Bad debts written off directly 0% 0% 0% 0% 0% 0% 0% 0% 0%

31% -7% 189% 13% -7% 5% 6% 6% 6%

Net mark-up / interest income after provisions 93% 26% -16% 19% -9% 7% 8% 8% 8%

N on mark-up / interest income

Fee, commission and brokerage income 17% 34% -13% 32% -16% 12% 13% 14% 14%

Income / gain on investments -59% -29% 103% -4% 2% -2% -2% -2% -2%Income from dealing in foreign currencies 28% -21% 35% 60% -30% 22% 25% 26% 26%

Gain on investments in associate 0% 0% 0%

Other income -12% 25% 18% 18% -9% 7% 7% 8% 8%

Total non-mark-up / interest income -20% 8% 18% 63% -32% 24% 26% 27% 28%

40% 21% -8% 32% -16% 12% 13% 14% 14%

Non mark-up / interest expense 0% 0% 0%

Administrative expenses 2% 9% 19% 17% -8% 6% 7% 7% 7%

Other provisions / write offs - net 2% -51% -325% -172% 86% -65% -71% -75% -76%

Other charges 810% -20% 55% -24% 12% -9% -10% -10% -11%

Workers welfare fund 0% 0% 0% 0% 0% 0% 0% 0% 0%

Total non mark-up / interest expenses 3% 8% 16% 21% -11% 8% 9% 9% 9%

Staff retrenchment cost

Profit before taxation 113% 33% -26% 45% -23% 17% 19% 20% 20%

Taxation

current 924% 75% 1% 20% -10% 7% 8% 9% 9%

p rior years-357% -1% -4371% -86% 43% -32% -35% -37% -38%

deferred -86% -744% 297% -35% 18% -13% -15% -15% -16%

182% 47% -18% 27% -13% 10% 11% 12% 12%

Profit after taxation 95% 28% -30% 55% -27% 21% 23% 24% 24%

Attributable to:

Eq uity holders of the Bank 69% 32% -21% 55% -28% 21% 23% 24% 24%

Minority interest -7% -16% 20% -6% 3% -2% -2% -2% -3%

Total Taxation 67% 32% -21% 55% -27% 21% 23% 24% 24%

0% 0% 0%

Basic and diluted earnings per share 69% 32% -28% 55% -28% 21% 23% 24% 24%

Horizontal Analysis - Balance Sheet FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13

ASSETS


18/34

Cash and balances with treasury banks 3% 40% 20% 2% 16% 20% 14% 13% 16%Balances with other banks -5% 13% -25% 45% 7% 10% 10% 18% 11%Lendings to financial institutions 227% -47% -75% 280% 96% 64% 91% 133% 96%Investments -20% 11% 49% -22% 4% 11% 10% 1% 7%Advances 22% 10% 9% 19% -94% 120% 14% 15% 14%O ther assets 21% 23% 54% 30% 32% 35% 37% 33% 34%Op erating fixed assets 0% 7% 15% 7% 7% 9% 10% 8% 9%Deferred tax asset -7% 48% 143% 70% 63% 81% 89% 76% 77%TOTAL ASSETS 8% 12% 17% 10% 12% 13% 13% 12% 12%

LIABILITIES

Billsp ayable -24% -1% 169% -36% 27% 40% 50% 20% 34%Borrowings from financial institutions 19% 62% 5% -21% 16% 15% 4% 4% 10%De p osits and other accounts 7% 6% 16% 12% 15% 12% 14% 13% 14%Sub-ordinated loans #DIV/0! #DIV/0! #DIV/0! 28%Liabilities against assets subject to finance lease 0% 0% 0% 0% 0% 0% 0% 0% 0%

Other liabilities 2% 8% 28% 25% 16% 19% 22% 20% 19%Deferred tax liability

TOTAL LIABILITIES 7% 10% 17% 9% 11% 12% 12% 11% 11%NET ASSETS 29% 30% 18% 19% 24% 23% 21% 22% 22%

REPRESENTED BY:

Shareholders' equity

Share capital 0% 0% 0% 10% 3% 3% 4% 5% 4%R eserves 501% 12% 11% 22% 137% 46% 54% 65% 75%U nappropriated profit -27% 107% 38% 39% 39% 56% 43% 44% 46%Total equity attributable to the equity holders of the Bank 42% 38% 22% 29% 33% 31% 29% 30% 31%Minority interest 1% 8% 6% -8% 2% 2% 0% -1% 1%Sur p lus on revaluation of assets - net of deferred tax -6% -3% -2% -58% -17% -20% -24% -30% -23%

29% 30% 18% 19% 24% 23% 21% 22% 22%

Habib Bank LimitedProfit & Loss Account - Common Size Analysis


19/34

Rs. In '000 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11

Mark-up / return / interest earned 100% 100% 100% 100% 100% 100% 100% 100% 100%

Mark-up / return / interest expensed 25 % 23 % 3 0% 38 % 4 2 % 3 1% 33 % 35 %

N et mark-up / interest income 7 5 % 77 % 7 0% 62 % 58 % 69 % 6 7 % 65 %

Provision against non-performing loans and advances - net 10% 9 % 7 % 1 6 % 11% 11% 11% 11% 1

Charge / (reversal) against off-balance sheet obligations 3. 14% 0 . 40% -0 . 10% -0 . 11% 0 .59 % 0 . 7 8 % 0 .3 1% 0 .29 %

Charge / (reversal) of provision against diminution in the value of investm -0 .83 % -0 .26 % -0 . 0 3 % -0 . 1 7 % 3. 0 2 % 0 .35 % 0 .58 % 0 . 7 5 %

Bad debts written off directly 0% 0% 0% 0% 0% 0% 0% 0% 0

1 3 % 9 % 6 % 1 6 % 1 5 % 1 2 % 1 2 % 1 2 %

Net mark-up / interest income after provisions 63 % 68 % 63 % 4 6 % 44% 5 7 % 56 % 53 %

N on mark-up / interest income

Fee, commission and brokerage income 14% 9 % 9 % 7 % 7 % 9 % 8 % 8 %

Income / gain on investments 23 % 5 % 3 % 5 % 4% 8 % 5 % 5 %Income from dealing in foreign currencies 6 % 4% 3 % 3 % 4% 4% 3 % 3 %

Gain on investments in associate 0% 0% 0% 0% 6 % 1% 2 % 2 %

Other income 11% 6 % 5 % 5 % 5 % 6 % 5 % 5 %

Total non-mark-up / interest income 5 4% 2 4% 1 9 % 2 0% 26 % 29 % 2 4% 2 4%

11 7 % 92 % 83 % 66 % 69 % 85 % 7 9 % 77 %

Non mark-up / interest expense

Administrative expenses 7 6 % 44% 35 % 36 % 3 4% 4 5 % 39 % 38 %

Other provisions / write offs - net 1% 1% 0% -1% 0% 0% 0% 0% 0

Other charges 0 . 04% 0 .2 1% 0 . 1 3 % 0 . 1 7 % 0 . 10% 0% 0% 0%

Workers welfare fund 0% 0% 0% 0 . 00% 1% 0% 0% 0%

Total non mark-up / interest expenses 77 % 4 5 % 36 % 36 % 35 % 4 6 % 39 % 38 %

Staff retrenchment cost 0 . 0% 5. 0% 3.9 % 0 . 0% 0 . 0% 2 % 2 % 2 %

Profit before taxation 40% 4 8 % 4 7 % 3 0% 35 % 40% 40% 38 %

Taxation

current 2 % 1 3 % 1 6 % 14% 14% 1 2 % 14% 14%

p rior years 0% 0% 0% 3 % 0% 1% 1% 1% deferred 6 % 0% - 2 % - 8 % -4% -1% - 3 % -4%

8 % 1 3 % 14% 10% 10% 11% 1 2 % 11%

Profit after taxation 32 % 35 % 33 % 2 0% 25 % 29 % 28 % 2 7 %

Attributable to:

Eq uity holders of the Bank 3 1% 3 0% 29 % 2 0% 25 % 2 7 % 26 % 25 %

Minority interest 0 . 4 9 % 0 .26 % 0 . 1 6 % 0 . 1 7 % 0 . 1 2 % 0% 0% 0%

Total Taxation 32 % 3 0% 29 % 2 0% 25 % 2 7 % 26 % 25 %

Basic and diluted earnin s per share 0 . 00% 0 . 00%


20/34

FY13

100%

35 %

Habib Bank LimitedProfit & Loss Account - Common Size Analysis

R I '000 FY04 FY05 FY06 FY07 FY08 FY09 E FY10 E FY11 E FY12 E


21/34

Rs. In '000 FY04 FY05 FY06 FY07 FY08 FY09 E FY10 E FY11 E FY12 E

ASSETS

Cash and balances with treasury banks 7% 6% 8% 8% 7% 7% 7% 8% 8%

Balances with other banks 7% 6% 6% 4% 5% 6% 5% 5% 5%

Lendings to financial institutions 1% 2% 1% 0.24% 1% 1% 1% 1% 1%

Investments 28% 20% 20% 26% 18% 9% 19% 18% 18%

Advances 53% 60% 59% 55% 60% -58% 35% 31% 25%

O ther assets 2% 3% 3% 4% 5% 3% 4% 4% 4%

Op erating fixed assets 2% 2% 2% 2% 2% 2% 2% 2% 2%

Deferred tax asset 0.41% 0.35% 0.46% 0.96% 1.48% 1% 1% 1% 1%

TOTAL ASSETS 100% 100% 100% 100% 100% 100% 100% 100% 100%

LIABILITIES

Billsp ayable 2% 1% 1% 2% 1% 1% 1% 1% 2%

Borrowings from financial institutions 6% 7% 10% 9% 6% 7% 8% 8% 8%

De p osits and other accounts 83% 82% 78% 77% 79% 80% 79% 78% 79%

Sub-ordinated loans 0.00% 0.00% 0.00% 0.45% 0.52% 0.19% 0.23% 0.28% 0.34%Liabilities against assets subject to finance lease

Other liabilities 3% 3% 3% 3% 3% 3% 3% 3% 3%

Deferred tax liability 0% 0% 0% 0% 0% 0% 0% 0% 0%

TOTAL LIABILITIES 93% 92% 91% 91% 90% 92% 91% 91% 91%

NET ASSETS 7% 8% 9% 9% 10% 8% 9% 9% 9%

REPRESENTED BY:

Shareholders' equity

Share capital 1% 1% 1% 1% 1% 1% 1% 1% 1%

R eserves 1% 3% 3% 3% 3% 1% 3% 3% 3%

U nappropriated profit 3% 2% 3% 4% 5% 3% 4% 4% 4%

Total equity attributable to the equity holders of the Bank 5% 6% 8% 8% 9% 6% 7% 8% 8%

Minority interest 0% 0% 0% 0% 0% 1% 0% 0% 0%

Sur p lus on revaluation of assets - net of deferred tax 2% 1% 1% 1% 0.40% 1% 1% 1% 1%

7% 8% 9% 9% 10% 8% 8% 9% 9%


22/34

FY13 E

7%

Slowdown in domestic economic activity exacerbated by power shortages,decline in external demand due to the global recession, and SBP s tight monetarypolicy stance necessary for overall macroeconomic stability are responsible for the


23/34

policy stance necessary for overall macroeconomic stability are responsible for thefall in demand for credit by the private sector. Negative wealth effect transmittedthrough a fall in asset prices also played its part in this decline. On the other hand,rising Non Performing Loans (NPLs) and availability of alternate avenues to extendcredit, such as government and Public Sector Enterprises (PSEs), allowed the banks tobe risk averse and shy away from private sector in a high risk and uncertainenvironment. Easing the monetary policy stance to some extent will send a positiveMonetary Policy Statement, April-June 2009

4signal in this context but may not be sufficient under the current uncertain economicenvironment to fully revive the PSC and thus the growth prospects.

More worrying, perhaps, are the prospects of foreign inflows remittances as well as the financial account inflows. Up till March, 2009, the worker sremittances at $5.7 billion and FDI at $3 billion though look fairly stable but their

outlook is uncertain.

keeping in view the expected liquidity demand inQ4-FY09 emanating from various sources and remaining fully cognizant of the weakgrowth in banking system deposits and slow reserve money growth, SBP standsready to play its part in ensuring smooth functioning of the domestic market.

The credit for fixed investmentcompensated for this decline and The immediate implication of adverse external developments is likely to be

expanded by Rs152 billion during July- reflected in domestic financial markets. Reduced flows in both the markets could putMarch FY09 compared with a Rs38 billion pressure on domestic interest rates and exchange rate. It also increases the risk of in the same period of FY08. The main reducing the availability of credit for private sector. Moreover, the dependence of drivers of this expansion are the power the government on domestic financial markets could increase significantly.and fertilizer sectors which areundertaking large investments to meetthe shortages in their productioncapacities. However, most of this credit isthe result of commitments made bybanks in the past. It is expected that thisacceleration in fixed investment willcontinue for some time to come as someof the projects are still in the pipeline.


24/34

Habib Bank Ltd. - INVESTMENTSRs. In '000

Held by Group Given as Collateral Total Held by Group Given as Collateral Total2004 2005


25/34

y p y pInvestments by typeHeld to Maturity securities (HTM)F ederal Government Securities- Market treasury bills 0 0 48,272 0 48,272- Pakistan investment bonds 21,398,951 21,398,951 15,866,815 0 15,866,815- Government of Pakistan US Dollar / Euro bonds 1,622,989 1,622,989 0 0 0

Overseas Government securities 4,571,042 4,571,042 2,212,674 0 2,212,674Debentures and Corporate Debt Instruments 294,537 294,537 291,365 0 291,365

27,887,519 27,887,519 18,419,126 0 18,419,126

Av ailable-for-sale securities ( AFS )F ederal Government Securities- Market treasury bills 47,250,726 8367090 55,617,816 32,281,358 3,144,679 35,426,037- Pakistan investment bonds 905,446 905,446 946,480 0 946,480

- Government of Pakistan Guaranteed bonds 24,203,445 24,203,445 24,140,057 0 24,140,057- WAPDA bonds 899,993 899,993 599,991 0 599,991- Government of Pakistan bonds (US Dollar / Euro) 1,114,367 1,114,367 852,254 0 852,254

0 0 0O verseas Government securities 5,666,681 5,666,681 8,142,980 0 8,142,980Fully paid-up ordinary shares: 0 0 0- Listed companies 1,629,222 1,629,222 1,102,154 0 1,102,154- Unlisted companies 355,791 355,791 385,755 0 385,755

Debentures and Corporate Debt Instruments 13,799,168 13,799,168 13,960,141 0 13,960,141

- Listed companies- Unlisted companies

NIT units 3,953 3,953 3,953 0 3,953Preference shares 189,466 189,466 260,983 0 260,983Other investments 82,112 82,112 86,792 0 86,792In v estme n t ( n et of pro v isio n ) 96,100,370 96,100,370 82,762,898 3,144,679 85,907,577Surplus on revaluation of investments 722,759 -12260 710,499 267,472 946 268,418Investments (at revalued amount) 96,823,129 8354830 105,177,959 83,030,370 3,145,625 86,175,995Investment in associates and joint venture companies 1,457,466 0 1,457,466 2,789,349 0 2,789,349

126,168,114 8354830 134,522,944 104,238,845 3,145,625 107,384,470

Held by Group Given as Collateral Total Held by Group Given as Collateral Total Held by Group Given as C Total20082006 2007


26/34

86,392 86,39214,782,250 14,782,250 12,164,051 12,164,051 9,865,095 9,865,095

0 0 0 0

224,382 224,382 58,951 58,951 74,604 74,604166,996 166,996 0 0 48,182 48,18215,260,020 15,260,020 12,223,002 12,223,002 9,987,881 9,987,881

35,891,929 21,337,072 57,229,001 72,497,871 28,556,867 101,054,738 49,465,602 8754798 58,220,400987,349 987,349 9,823,565 9,823,565 9,021,042 9,021,042

20,653,643 20,653,643 6,420,732 6,420,732 6,598,710 6,598,7100 0 0

864,805 864,805 5,559,665 5,559,665 4,718,958 4,718,9580 0 0

6,163,192 6,163,192 9,496,982 9,496,982 8,153,876 8,153,8760 0

1,679,827 1,679,827 854,140 854,140 766,194 766,194455,613 455,613 416,177 416,177 437,657 437,657

0 0 0510,926 510,926 1,044,923 1,044,923 2,227,518 2,227,518

12,117,227 12,117,227 21,570,060 21,570,060 23,687,951 23,687,95132,134 32,134 44,338 44,338 23,948 23,948

171,667 171,667 200,000 200,000 181,700 181,700183,414 183,414 1,815,817 1,815,817 782,003 782,003

79,711,726 21,337,072 101,048,798 129,744,270 28,556,867 158,301,137 106,065,159 8754798 114,819,9570 0 0 0 00 0 0 0 0

3,278,658 3,278,658 7,418,112 7,418,112 13,337,854 22,092,65298,250,404 21,337,072 119,587,476 149,385,384 28,556,867 177,942,251 129,390,894 8754798 138,145,692

Tangible fixed assets

As at January 1 2008 Additions / (deletio Surplus / (def As at December 31,2008 As at January 1 2COST / REVALUATION


27/34

y ( p ( yLand 7,058,566 496,730 7,592,693 0

-3,96041,357

Building including related machinery 3,873,831 155,972 4,075,280 923485-3,432

48,909Furniture, fixture and office equipmen 6,536,957 1,318,542 7,638,315 4028913

-431,011213,827

Vehicles 269,047 112,123 360,201 196212-41,80820,839

Total 17,738,401 2,083,367 19,666,489 5,148,610-480,211324,932

As at January 1 2008 Additions / (deletio Surplus / (def As at December 31,2008 As at January 1 2Land 6,682,994 387,244 7,058,566 0

-15,5463,874

Building including related machinery 3,583,565 288,722 3,873,831 747,266-29,78431,328

Furniture, fixture and office equipmen 5,025,133 1,710,249 6,536,957 3,525,070-257,384

58,959Vehicles 329,791 14,428 269,047 224,932

-76,9661,794

Total 15,621,483 2,400,643 17,738,401 4,497,268-379,680

95,955

As at January 1 2008 Additions / (deletio Surplus / (def As at December 31,2008 As at January 1 2

Land 6,487,194 71,472 124,128 6,682,994 0-5,1755,375

COST / REVALUATION

COST / REVALUATION

As at January 1 2008 Additions / (deletio Surplus / (def As at December 31,2008 As at January 1 2Land 7,058,566 496,730 7,592,693 0

COST / REVALUATION


28/34

Land 7,058,566 496,730 7,592,693 0-3,96041,357

Building including related machinery 3,873,831 155,972 4,075,280 923485-3,43248,909

Furniture, fixture and office equipmen 6,536,957 1,318,542 7,638,315 4028913-431,011213,827

Vehicles 269,047 112,123 360,201 196212-41,80820,839

Total 10,631,117 628,685 3,587,993 14,706,438 3,746,136-141,357

Charge for the year / Surplus / (defecit) on As at December 3 BV at Dec 31 2008 %age DepreciationDEPRECIATION


29/34

0 0 7,592,693 0

0

0

195,903 1,160,627 2,914,653 2.5-10

-329

41,568

1,016,048 4,818,704 2,819,611 20-33

-372,370

146,113

47,027 214,355 145,846 20-41,326

12,442

1,258,978 6,193,686 13,472,803-414,025200,123

Charge for the year / Surplus / (defecit) on As at December 3 BV at Dec 31 2008 Rate of Depreciation0 0 7,058,566 0

0

0

183,504 923,485 2,950,346 2.5-10

-6,327

-958

724,324 4,028,913 2,508,044 20-33

-251,769

31,288

34,034 196,212 72,835 20

-62,644

DEPRECIATION

Charge for the year / Surplus / (defecit) on As at December 3 BV at Dec 31 2008 Rate of DepreciationDEPRECIATION


30/34

0 0 7,592,693 0

0

0

195,903 1,160,627 2,914,653 2.5-10

-329

41,568

1,016,048 4,818,704 2,819,611 20-33

-372,370

146,113

47,027 214,355 145,846 20

-41,326

12,442

846,116 -514067 3,966,725 10,739,713-111,460

Habib Bank Limited

Valuations FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13

EPS (PKR) 8.21 13.86 18.30 13.18 20.47 16.76 17.78 17.20 21.93


31/34

ROE (%) 22.63% 37.49% 38.48% 20.14% 34.84% 25.05% 25.91% 22.53% 24.06% 33.51%Growth Rate (%) 4 4 4 4 4 4 4 4 4ROR (%) 20%Justified PBV 0.26 0.62 0.89 0.57 1.03 0.80 0.86 0.83 1.12 2.16

BVPS (PKR) 90 104 121 135 151 90 104 121 135 Market Price (PKR) 24 64 108 78 155 71 90 100 152

Ratio Analysis FY 04 FY 05 FY 06 FY 07 FY 08E FY 09E FY 10E FY 11E FY 12 FY 13

Gross Profit Margin 83.19% 87.92% 90.80% 74.15% 75.02% 82.70% 82.24% 80.08% 81.79% 97.77%


32/34

gEBIT Margin 52.80% 61.71% 67.46% 48.34% 59.91% 49.72% 50.54% 47.47% 49.13% 65.22%Net Profit Margin 41.99% 44.97% 47.32% 32.19% 42.45% 33.58% 33.20% 29.98% 33.11% 49.78%Return on assets 1.2% 2.1% 2.4% 1.3% 2.3% 1.7% 1.4% 1.2% 1.4% 2.2%Return on Equity 22.6% 37.5% 38.5% 20.1% 34.8% 25.1% 25.9% 22.5% 24.1% 33.5%

Debt to Equity 14.23 11.84 10.05 9.08 9.94 11.46 11.01 10.70 10.68 10.73Advances-Deposits 64% 73% 76% 72% 76% 6% 28% 69% 71% 74%Investments-Deposits 33% 25% 26% 33% 23% 12% 24% 23% 23% 21%

HBL snapshotFY09 FY10 FY11 FY12 FY13

EPS Rs / sh 1.73 1.99 2.07 2.93 5.13 Earning growth -19% 6% -3% 27% 76%Net Markup growth 3% 7% 7% 15% 17%BVS Rs / sh 90 104 121 135 151JPBV (x) 0.8 0.9 0.8 1.1 2.2 DPS Rs / sh 1.7 2.0 2.1 2.9 5.1 ROE 23% 37% 38% 20% 35%ROA 1% 2% 2% 1% 2%

Segment by class of business % of total credit Average Exposure FY05 FY06 FY07 FY08 FY09 ERs. In '000

Chemical and pharmaceuticals 4% 15,496,004 7,765,594 13,535,885 15,808,612 24,873,923 4,974,785Agribusiness 7% 27,342,454 24,718,863 28,741,089 26,529,983 29,379,882 5,875,976


33/34

Agribusiness 7% 27,342,454 24,718,863 28,741,089 26,529,983 29,379,882 5,875,976Textile 21% 84,061,659 88,119,657 67,573,527 84,870,295 95,683,155 4,784,158Cement 3% 13,628,039 15,825,769 11,634,842 11,946,461 15,105,085 9,063,051Sugar 1% 3,723,468 2,811,858 3,008,195 3,305,601 5,768,216 2,884,108Shoes and leather garments 1% 2,442,132 2,146,467 2,227,085 2,639,371 2,755,605 3,857,847Automobile and transportation equipme 2% 8,670,638 5,558,713 6,581,219 10,210,505 12,332,114 6,166,057

Financial 3% 12,088,057 7,841,136 6,554,976 13,946,049 20,010,068 1,000,503Insurance 0.49% 1,977,476 1,366,689 544 147,375 463,412 46,341Electronics and electrical appliances 2% 8,972,125 5,459,798 4,136,724 11,535,122 14,756,854 8,854,112Production and transmission of energy 4% 17,785,593 382,455 9,723,078 22,126,554 38,910,286 7,782,057Communication 3% 12,119,702 9,393,230 10,053,207 12,458,423 16,573,949 9,944,369Food, tobacco and beverages 2% 8,092,006 8,875,115 12,442,520 5,189,308 5,861,079 3,926,923Metal and allied 2% 6,597,243 8,839,886 9,892,396 3,183,021 4,473,669 2,236,835General traders 4% 14,333,820 5,170,920 14,092,624 13,757,752 24,313,982 2,431,398Public / Government 12% 47,320,062 31,694,243 36,788,782 50,698,487 70,098,737 70,799,724

Individuals 12% 49,353,897 66,784,968 57,027,398 41,493,764 32,109,457 4,816,419Others 17% 69,908,659 57,669,540 77,350,447 73,632,217 70,982,431 21,294,729

100% 402,430,061 350,424,901 371,364,538 403,478,900 484,451,904 170,739,393

Segment by sectorPublic Sector / Government 31,694,243 36,788,782 50,698,487 70,098,737 70,799,724Private 284,947,735 334,575,756 352,780,413 414,353,167 99,939,669Total 316,641,978 371,364,538 403,478,900 484,451,904 170,739,393

17% 9% 20% -65%

Chemical and 74% 17% 57% -80%Agribusiness 16% -8% 11% -80%Textile -23% 26% 13% -95%Cement -26% 3% 26% -40%Sugar 7% 10% 74% -50%Shoes and leat 4% 19% 4% 40%Automobile an 18% 55% 21% -50%

Financial -16% 113% 43% -95%Insurance -100% 26991% 214% -90%Electronics and -24% 179% 28% -40%Production an 2442% 128% 76% -80%Communicatio 7% 24% 33% -40%Food, tobacco 40% -58% 13% -33%Metal and allie 16% -91% 41% -50%General trader 173% -2% 77% -90%Public / Gover 12% 412% 38% 1%

Individuals -15% -27% -23% -85%Others 34% -5% -4% -70%

6% 9% 20% -65%

FY10 E FY11 E FY12 E FY13 E

14,924,354 44,773,061 67,159,592.10 100,739,388.15


34/34

, , , , , , , ,

17,627,929 52,883,788 79,325,681.40 118,988,522.10

14,352,473 43,057,420 64,586,129.63 96,879,194.44

27,189,153 81,567,459 122,351,188.50 183,526,782.75

8,652,324 25,956,972 38,935,458.00 58,403,187.00

11,573,541 34,720,623 52,080,934.50 78,121,401.75

18,498,171 55,494,513 83,241,769.50 124,862,654.25 3,001,510 9,004,531 13,506,795.90 20,260,193.85

139,024 417,071 625,606.20 938,409.30

26,562,337 79,687,012 119,530,517.40 179,295,776.10

23,346,172 70,038,515 105,057,772.20 157,586,658.30

29,833,108 89,499,325 134,248,986.90 201,373,480.35

11,780,769 35,342,306 53,013,459.56 79,520,189.33

6,710,504 20,131,511 30,197,265.75 45,295,898.63

7,294,195 21,882,584 32,823,875.70 49,235,813.55

106,199,587 159,299,380 238,949,070 250,896,523.24 14,449,256 43,347,767 65,021,650.43 97,532,475.64

63,884,188 191,652,564 287,478,845.55 431,218,268.33

406,018,593 1,058,756,399 1,588,134,599 2,274,674,817

106,199,587 159,299,380 238,949,070 250,896,523

299,819,006 899,457,019 1,349,185,529 2,023,778,294406,018,593 1,058,756,399 1,588,134,599 2,274,674,817

138% 161% 50% 43%

200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%

200% 200% 50% 50%

50% 50% 50% 5%200% 200% 50% 50%

200% 200% 50% 50%

138% 161% 50% 43%

41658419 habib bank limited financial model

Documents