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3rd Quarter
2017
www.mobilinkbank.com
Head Office Mobilink Microfinance Bank, Head Office,3-A/2, Kaghan Road, F-8 Markaz, Islamabad.
Celebrating Success
REVIEW
Highlights 2017
Visa Debit Card
Board of directors
Management Team
Vision, Mission & Values
Our Products
Branch Network
Business Units, Key Stats
Financial Statements
01
05
07
09
13
15
17
19
21
Contents
Active Borrowers
Avg. Outstanding Loan Size
No. of Depositors
No. of Locations
Number of Employees
No. of Branchless Banking Agents
Earnings Per Share
Return on Assets (ROA)
Return on Equity (ROE)
PAR
2.64
2.9%
36.4%
0.25%
Highlights SEP 2017
116,964
75,608
14,603,333
59
1,037
71,393
page 2page 1
MobileAccount*786#PAY BILLS
SAVINGS &
INSURANCE
100
MOBILE LOAD
100
PAYMENTS
ATM CARD
SEND MONEY
Rs.
page 4page 3
page 6page 5
www.mobilinkbank.comwww.jazzcash.pk
https://www.facebook.com/MobilinkBank/https://www.facebook.com/Jazzcash.pk/
*
DEBIT CARDS Mobilink Microfinance Bank ltd,
Pakistan’s Largest Digital Bank, Introduces
For its Conventional Accounts &
Mobile Accounts
For Further details Call:
051 111 124444 (For Mobile Account)
051 111 962 962 (for Conventional Account)
Aamir Hafeez IbrahimChairman
A highly motivated leader with the proven ability to develop organizations and drive revenues. Mr. Ibrahim possesses vast cross-functional experience that encompasses strategic marketing & sales, stakeholder management and corporate strategy. His track record includes successful leadership roles in Pakistan as well as Thailand, UK, UAE, Switzerland and USA across the telecom and automotive industry.
Niaz BrohiDirector
Presently the Chief Legal O�cer at Jazz and having previously worked with the Pakistan Telecom Authority, Mr. Brohi, has over 15 years of experience in the telecom sector specialising in regulatory and corporate a�airs, litigation and management, due diligence, mergers and acquisitions, risk assessment and advising the board of directors.
Salim Nooruddin JiwaniDirector
With over 15 years of experience in policy planning, �nancial management, institutional assessment and transformation of micro�nance institutions, Mr. Jiwani believes in poverty reduction and economic empowerment. He has previously served on the Board of Directors of the First Micro�nance Bank, Kashf Micro�nance Bank and Pakistan Micro�nance Network.
Muhammad Usman BajwaDirector
A corporate �nance professional with over 10 years of experience in treasury and �nancial management. Mr. Bajwa is a quali�ed Chartered Financial Analyst (CFA) with a proven record of managing extensive operations, large teams and various types of �nancing, debt and capital transactions.
Ghazanfar AzzamDirector
Ghazanfar Azzam is the President and CEO of Mobilink Micro�nance Bank Limited. He has vast experience and exceptional achievements to his credit in retail, commercial, consumer, SME and micro-banking segments.In a career spanning over 30 years, Ghazanfar has worked for some of the best banks in Pakistan including HBL, Union Bank, Prime Bank & Bank Alfalah in retail, commercial, consumer, SME Banking and Training & Development.In recognition of his contributions to HR Development in banking industry, he was awarded the prestigious Hubert Humphrey Fellowship by the United States Government for the year 2000-01 under Fulbright Program. He has attended advanced management development programs at LUMS, World Bank Institute in Washington DC and Harvard Business School.
Board of Directors:
page 8page 7
Management Team:
Ghazanfar AzzamPresident / CEO
Ghazanfar Azzam is the President and CEO of Mobilink Micro�nance Bank Limited. He has vast experience and exceptional achievements to his credit in retail, commercial, consumer, SME and micro-banking segments.In a career spanning over 30 years, Ghazanfar has worked for some of the best banks in Pakistan including HBL, Union Bank, Prime Bank & Bank Alfalah in retail, commercial, consumer, SME Banking and Training & Development.In recognition of his contributions to HR Development in banking industry, he was awarded the prestigious Hubert Humphrey Fellowship by the United States Government for the year 2000-01 under Fulbright Program. He has attended advanced seminars and management development programs at LUMS, World Bank Institute in Washington DC and Harvard Business School.
Muhammad Asim AnwarChief Operating Officer (COO)
A Seasoned Micro�nance Professional with more than 16 years of diversi�ed experience across key business segments including Business Banking, Bank Operations, Branchless Banking, Administration & Procurement. While managing larger workforce across various locations in the country, Asim has been deeply involved in mobilizing the �eld operations and achieving bank revenue targets through quality portfolios, diversi�ed business products and e�ective client management.
Shahzad Nazir KhanHead Risk Management
A Risk Management professional with diverse banking experience with International and Local Financial Institutions. Having extensive exposure to Business Banking as well as Risk Management in segments ranging from Corporate, SMEs to Micro�nance, Shahzad has an e�ective ability to understand, assess and respond to the ever changing business dynamics. Always promoting a team based and constant learning culture at all levels enables Shahzad to keenly drive the evolution of Micro�nance to Digital Banking while e�ectively safeguarding the interest of all stakeholders. Being a Change Management leader, Shahzad believes that e�ective communication and repeated transmission of MMBL’s core values not only strengthens our organization but also our people at an individual level.
Tayseer AliChief Financial Officer (CFO)
Tayseer is a Chartered Accountant from ICAEW and a Fellow Chartered Certi�ed Accountant. He joined the Bank in January 2017 and was previously working for Pak China Investment Co. as CFO. Tayseer has been associated with the �nancial sector since 2011.
page 10page 9
Management Team:
Naj-Mus-Sahar SabzwariHead Internal Audit
Sabzwari has about 20 years of extensive experience in the �eld of audit encompassing both commercial and micro�nance banking environment. He is a Fellow member of Institute of Chartered Accountants of Pakistan (ICAP) with added quali�cations of CISA, CISM and CIA. He is reporting to the Board Audit Committee.
Samiha Ali ZahidHead HR and Trainings
Samiha Ali Zahid brings with her 15 years of cross functional experience in OD, Sta�ng & HRM resulting in creating cohesive and high performing teams that contribute towards business goals. She holds a Masters’ Degree in Public Administration and is a Certi�ed Trainer. She has been recently Certi�ed by Korn Ferry for their product suite "Korn Ferry Leadership Architect".
Samiha has proven experience of collaborating with other Business functions to initiate programs aimed at developing and sustaining a positive employer image crucial to attract and retain talent. Her expertise include development of policy guidelines aiming to bring internal and external equity for employees. For the last 6 years she has addressed and implemented strategic plans for managing people experience, compensation structure, retention and succession plans.
page 12page 11
Syed Sajjad QayyumChief Compliance Officer
S. Sajjad Q. Ashraf is an experienced banker having worked in di�erent Instutitions in various capacities, including Leadership roles. Sajjad’ s experience covers key banking functions such as Credit, Operations, Business Banking, Compliance, risk management, Strategic Planning/Business Initiatives, and teams building. He is MBA, LLB(Pb.), D.A.I.B.P.
page 14page 13
CorporateValues
Collaborative Truthful
Entrepreneurial
Customer Obsessed InnovativeMobilink Micro�nance Bank aims to provide �nancial solutions to the economically underprivileged for their economic freedom by using innovative ADC’s and promoting micro businesses through an ethical and passionate team, which strives to deliver beyond expectations.
Missi n
Visi nMobilink Micro�nance Bank aims to alleviate poverty and promote �nancial inclusion by providing innovative solutions.
Our Saving Options
Sahulat CurrentAccount
Bachat Account Mahana MunafaTerm Deposit
Mustaqbil TermDeposit
Assan savingAccount
Assan CurrentAccount
Solution forFinancial Empowerment
LSO loans Retailer’s Finance
Micro Enterprise Loan Khushhal Kisan Loan Fori Cash Loan
Livestock Loan Mobi House Tractor Loan Investment in Prosperity
Banca AssuranceWaseela e Zindagi
Banca TakafulMobi Takaful
page 16page 15
Branches59
BusinessAreas
08
06 07 08
08 08
07SahiwalFaisalabad
Rahim Yar KhanLayyah
06 09Pannu AqilPeshawar
MultanSargodha
Business Areas
Peshawar
Islamabad
Lahore
Karachi
Branches Network
page 18page 17
AreaName
S.No. Business UnitName
AreaName
S.No. Business UnitName
1234567891011121314151617181920212223242526272829
FaisalabadToba Tek SinghGojraJhangShorkotChiniotBhakkarChowk AzamChowk Sarwar ShaheedDarya KhanKoror Lal EssanKot AdduLayyahMankera DunyapurJalalpurKehror Pecca Lodhran MultanMuzafargarhShujabad DharakiHalaHyderabadKarachi-DHAPannu AqilRanipurSadiqabadLarkana
FaisalabadFaisalabadFaisalabadFaisalabadFaisalabadFaisalabadLayyahLayyahLayyahLayyahLayyahLayyahLayyahLayyahMultanMultanMultanMultanMultanMultanMultanPannu AqilPannu AqilPannu AqilPannu AqilPannu AqilPannu AqilPannu AqilPannu Aqil
303132333435363738394041424344454647484950515253545556575859
QambarAbbotabadHaripurIslamabadMardanMuzafarabadPeshawarSwabiAhmedpurChishtian Fort AbbasHaroonabadHasilpurKhanpurLiaquatpurRahim Yar KhanArif WalaBurewala LahoreMian Chanu PakpattanSahiwalBasirpurMinchinabadBhalwal Chota SahiwalKhushabMandi Baha UddinSargodhaSialkot
Pannu AqilPeshawarPeshawarPeshawarPeshawarPeshawarPeshawarPeshawarRahim Yar KhanRahim Yar KhanRahim Yar KhanRahim Yar KhanRahim Yar KhanRahim Yar KhanRahim Yar KhanRahim Yar KhanSahiwalSahiwalSahiwalSahiwalSahiwalSahiwalSahiwalSahiwalSargodhaSargodhaSargodhaSargodhaSargodhaSargodha
page 20page 19
Business UnitsKey Stats
Branches/Booths
2012
2013
2014 2015
2016201710
36
41 41
51
59
2012
2013
2014 2015
20162017
Active Borrowers
29
11,402
4,407
27,225
91,747
116,964
2012
2013
2014 2015
20162017
Depositors
6,850
66,693
311,920
14,603,333
3,185,600
8,121,382
2012
2013
2014 2015
20162017
Employees
346
130
475 620
751
1,037
2012
2013
2014 2015
20162017
BranchLess banking agents
-
26,550
49,573 58,568
69,780
71,393
page 22page 21
MOBILINK MICROFINANCE BANK LIMITED(Formerly Waseela Microfinance Bank Limited)
Condensed Interim Statement Of Financial Position (Un-Audited) AS AT SEP 30, 2017
30th SEP 2017 31st Dec 2016ASSETS Note (Rupees) (Rupees)
Cash and Balances with SBP and NBP 1 886,854,090 747,930,012
Balances with other Banks/NBFIs/MFBs 2 868,525,257 4,742,891,348
Investments – net of provisions 6,178,263,679 1,495,053,230 3
8,682,170,441 5,858,824,209 Advances – net of provisions 4
417,111,827 388,447,521 Operating �xed assets 5 1,658,181,176 853,361,423 Other assets 6
104,307,884 147,349,687 Deferred tax asset 7
Total Assets
14,233,857,430
LIABILITIES
Deposits and other accounts 8 13,633,293,240 10,306,362,467
3,548,550,453 2,697,001,907 17,181,843,693
Other liabilities 9
Total Liabilities 13,003,364,374
Net assets 1,613,570,661
1,230,493,056
REPRESENTED BY:
Share Capital 10 1,451,753,600
1,451,753,600
Statutory reserves 122,767,087
46,151,566
11,537,892
Depositor's protection fund 30,691,772
--
Accumulated losses 8,358,202
(278,950,002)
1,613,570,661
1,230,493,056
Surplus on revaluation of assets
Deferred grants --
Total Capital 1,613,570,661
1,230,493,056
MEMORANDUM / OFF-BALANCE SHEET ITEMS 11
The annexed notes from 1 to 15 form an integral part of these �nancial statements.
MOBILINK MICROFINANCE BANK LIMITED(Formerly Waseela Microfinance Bank Limited)
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (Un-Audited)FOR THE NINE MONTHS ENDED SEP 30th, 2017
30th Sep 2017 30th Sep 2016Note (Rupees) (Rupees)
Mark-up/Return/Interest earned 12 1,854,623,631 781,275,591 Mark-up/Return/Interest expensed 13 (390,989,083) (135,707,593)
Net Mark-up/ Interest Income 1,463,634,548 645,567,998
Provision against non-performing loans and advances (86,159,988)(86,159,988)
(38,867,582)(38,867,582)
Net Mark-up/ Interest Income after provisions 1,377,474,560
606,700,416
NON MARK-UP/ NON INTEREST INCOMEFee, Commission and Brokerage Income - net 14 538,347,970
495,397,355
2,154,109 2,877,180
Other Income 15
Total non-markup/non interest Income 540,502,079
498,274,535
1,917,976,639
1,104,974,952
NON MARK-UP/ NON INTEREST EXPENSESAdministrative expenses (1,342,364,249)
- -
Other charges(1,342,404,249)
575,572,390
575,572,390
(40,000)
Total non-markup/non interest expenses
Extra ordinary/unusual items
PROFIT / (LOSS) BEFORE TAXATION
Taxation - Current (149,452,982)
Taxation
- Prior years ---
(20,676,720)(20,676,720)
Taxation
- Deferred (43,041,803)(192,494,785)
383,077,605
(278,950,002)
176,094,892
PROFIT AFTER TAXATION
104,127,603
(275,923,482)
(452,018,374)
Accumulated loss brought forward
Pro�t/ (Loss) available for appropriation
APPROPRIATIONS:
Transfer To:Statutory reserve (76,615,521)
-
--
--
--
Capital reserve -
Contribution to depositors protection fund (19,153,880)
Revenue reserve
Dividend-
Others
--
(95,769,401)
Accumulated Pro�t/ (loss) carried forward 8,358,202 (275,923,482)
Pro�t / (Loss) per share (Rupee) 2.64 1.36
The annexed notes from 1 to 15 form an integral part of these �nancial statements.
(908,203,339)
(908,203,339)
196,771,612
196,771,612
-
Unaudited Audited
18,795,414,354
MOBILINK MICROFINANCE BANK LIMITED(Formerly Waseela Microfinance Bank Limited)
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR THE NINE MONTHS ENDED SEP 30, 2017
30th Sep 2017 30th Sep 2016Note (Rupees) (Rupees)
Pro�t /(Loss) after taxation 383,077,605 196,771,612
196,771,612
196,771,612
Other comprehensive income/ (loss) - -
-
-
-
Comprehensive income/ (loss) transferred to equity 383,077,605
383,077,605
Components of comprehensive income not re�ected in equity
Surplus / (de�cit) on revaluation of investments -
Related tax impact -
-
The annexed notes from 1 to 15 form an integral part of these �nancial statements.
MOBILINK MICROFINANCE BANK LIMITED(Formerly Waseela Microfinance Bank Limited)
CONDENSED INTERIM CASH FLOW STATEMENT FOR THE NINE MONTHS ENDED SEP 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIESPro�t / (Loss) before taxationLess: Dividend income
Adjustments for non-cash charges
DepreciationAmortizationProvision for gratuityProvision against non-performing advancesProvision for diminution in the value of investments/ other assets(Gain) /loss on sale of �xed assets- netAssets transferred to related party
(Increase)/ decrease in operating assets Lending to �nancial institutionsAdvancesOther assets (excluding advance taxation)
Increase/ (decrease) in operating liabilities Bills payableBorrowings from �nancial institutionsDepositsOther liabilities (excluding current taxation)
Gratuity paidPayments against provisions held against o�-balance sheet obligationsIncome tax paid
Net cash in�ow from operating activitiesCASH FLOWS FROM INVESTING ACTIVITIES
Net investment in available-for-sale securitiesNet investment in held-to-maturity securitiesDividend incomeInvestments in operating �xed assetsSale proceeds of property and equipment disposed–o�
Net cash (out�ow) / in�ow from investing activitiesCASH FLOWS FROM FINANCING ACTIVITIES
Receipts/ payments of Sub-ordinated loanReceipts/ payments of lease obligationsIssue of share capital
Dividend paidNet cash �ow from �nancing activitiesIncrease / (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the year
The annexed notes from 1 to 15 form an integral part of these �nancial statements.
30th Sep 2017 31st Dec 2016Note (Rupees) (Rupees)
575,572,390 334,834,719 - -
575,572,390 334,834,719
86,349,367 88,332,296 30,977,612 32,897,932
5,099,101 5,024,139 86,159,988 67,610,733
- -
-
(2,154,109) (2,462,889)
-
206,431,958 191,402,211
782,004,348 526,236,930
- - (2,909,506,220) (4,583,877,797)
(715,726,144) (594,577,185)
(3,625,232,364) (5,178,454,982)
11,726,428 28,551,824- -
3,326,930,773 7,109,051,030 836,456,455 1,972,053,060
4,175,113,656 9,109,655,914
1,331,885,640 4,457,437,862(1,733,438) (1,536,462)
- - (238,546,591) (45,617,739)
1,091,605,611 4,410,283,661
(4,683,210,449) (1,370,430,583)- - - -
(146,393,264) (221,888,203)2,556,089 3,908,181
(4,827,047,624) (1,588,410,605)
- - - - - -
- - - -
(3,735,442,013) 2,821,873,056
5,490,821,360 2,668,948,304
1,755,379,347 5,490,821,360
page 24page 23
(Un-Audited)
(Un-Audited)
(Un-Audited) (Audited)
(Audited)(Un-Audited)
(Un-Audited) (Audited)
(Audited)(Un-Audited)
(Un-Audited)
30th Sep 2017 31st Dec 2016(Rupees) (Rupees)
1. CASH AND BALANCES WITH SBP AND NBP
Cash in hand 254,369,811 249,860,266 Balance with State Bank of Pakistan (SBP) - note 1.1 582,868,049 466,316,546 Balance with National Bank of Pakistan (NBP) 49,616,230 31,753,200
886,854,090 747,930,012
1.1
30th Sep 2017 31st Dec 2016
2. BALANCES WITH OTHER BANKS/NBFIs/MFBs
(Rupees) (Rupees)
In Pakistan
- on current accounts - Local currency - - - on saving accounts - Local currency - note 2.1 368,525,257 1,442,891,348 - on term deposits accounts - Local currency - note 2.2 500,000,000 3,300,000,000
868,525,257
868,525,257
4,742,891,348 - on current accounts - Foreign currency - note 2.3 - -
4,742,891,348
2.1
2.2
2.3
30th Sep 2017 31st Dec 2016
3. INVESTMENTS - net of provisions
(Rupees) (Rupees)
Federal Government securities - available for sale
Pakistan Investment Bonds -
1,495,053,230
Market treasury bill - note 3.1 6,178,263,679
6,178,263,679
-
--
1,495,053,230
3.1
30th Sep 2017 31st Dec 2016(Rupees) (Rupees)
3.2 Particulars of surplus / (de�cit) on revaluation of available for sale investments:
Balance at the beginning 649,319 649,319
(649,319)Transferred (from) / to revaluation of assets
Balance at the end --
-
-
Surplus / (de�cit) on revaluation of available for sale investments - note 3.2
These carry markup at 5.96% and 5.99% per annum maturing on July 20, 2017 and August 31, 2017 respectively.
This includes balance held with SBP in a current account to comply with the requirement of maintaining minimum balanceequivalent to 5% (2016: 5%) of the Bank’s demand deposits and time deposits with tenor of less than one year.
These carry markup ranging from 3.75% to 5.90% (2016: 4% to 6.5%) per annum.
These carry markup ranging from 6.10% (2016: 6% to 6.25%) per annum.
This account is being maintained with United Bank Limited for the purpose of Home Remittance under Pakistan remittanceinitiative as approved by the SBP.
page 26page 25
(Un-
Aud
ited
)
MO
BILI
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(Fo
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Sha
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Res
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Dep
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Prot
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A
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T
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(Rup
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(Rup
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(Rup
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(Rup
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(Rup
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(Rup
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(Rup
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Bala
nce
at Ja
nuar
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, 201
61,
451,
753,
600
-
-
-
-
-
(452
,018
,374
)
999,
735,
226
Loss
for t
he y
ear
Oth
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ompr
ehen
sive
inco
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(los
s)-
-
-
-
-
-
230,
757,
830
230,
757,
830
Tran
sfer
s to
Sta
tuto
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serv
es-
-
-
-
-
-
-
Oth
er a
ppro
pria
tions
-
-
46,1
51,5
66
46
,151
,566
-
-
-
(46,
151,
566)
(11,
537,
892)
Issu
e of
sha
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-
-
-
-
-
-
Bala
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at D
ecem
ber 3
1, 2
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1,45
1,75
3,60
0
-
-
-
(278
,950
,002
)
1,23
0,49
3,05
6
Pro�
t for
the
year
-
-
-
-
-
-
38
3,07
7,60
5
383,
077,
605
Oth
er c
ompr
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inco
me/
(los
s)-
-
-
-
-
- -
Tran
sfer
s to
Sta
tuto
ry re
serv
es-
-
76
,615
,521
-
-
-
(76,
615,
521)
Tran
sfer
to D
epos
itors
pro
tect
ion
fund
Tran
sfer
to D
epos
itors
pro
tect
ion
fund
-
-
-
-
19,1
53,8
80
11,5
37,8
92
11,5
37,8
92
-
(1
9,15
3,88
0)
Oth
er a
ppro
pria
tions
-
-
-
-
-
-
-
Issu
e of
sha
re c
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-
-
-
-
- -
Bala
nce
at S
ep 3
0, 2
017
1,45
1,75
3,60
0
-
122,
767,
087
-
30
,691
,772
-
8,
358,
202
1,
613,
570,
661
The
anne
xed
note
s fr
om 1
to 1
5 fo
rm a
n in
tegr
al p
art o
f the
se �
nanc
ial s
tate
men
ts.
Unaudited
Unaudited
Unaudited
Audited
Audited
Audited
4. ADVANCES - net of provisions
Loans outstanding
Amount outstanding
Loans outstanding
Amount outstanding
(Number) (Rupees) (Number) (Rupees)Micro credit -Secured against gold 14,141 1,165,636,183 12,069 955,190,655
-Unsecured 102,823 7,677,832,194 79,678 4,978,771,502
116,964 8,843,468,377 91,747 5,933,962,157
Less: Provision held
Speci�c provision 106 6,486,601 41 463,325
General provision - note 4.1 102,823 154,811,335 79,678 74,674,623
102,929 161,297,936 79,719 75,137,948
Advances - net of provisions
This represents general provision maintained against unsecured microcredit advances net of speci�c provision at the rate of 2%(2016:1.5%) against the requirement of 1% speci�ed under the Prudential Regulations issued by the State Bank of Pakistan.
8,682,170,441 5,858,824,209
4.1
4.2 Particulars of non-performing advances
Amount outstanding
Provisionrequired
Provisionheld
Amount outstanding
Provision required
Provision held
OAEM 7,613,988 - - 556,040
512,070
233,4062,323,253
1,021,737
188,735
233,406463,325
41,184
188,735
233,406463,325
41,184
- -
Sub-standard 4,038,102 1,006,272
Doubtful 9,492,247 4,704,874
Loss 775,456 775,456
21,919,793 6,486,601
1,006,272
4,704,874
775,4566,486,601
4.3 Particulars of provision against non-performing advances
Speci�c General Total Speci�c General Total
Opening balance 75,137,948 7,758,245 7,758,245
Charge for the year 89,487,399 694,355-
66,916,378 67,610,733
Amounts written o� (3,327,411) -
-
Reversals - -
(231,030)
--
(231,030)
Closing balance
9,350,687
(3,327,411)
6,486,601
463,325
80,136,712
-
-154,811,335
74,674,623
161,297,936 463,325 74,674,623 75,137,948
-----------------------Rupees------------------------- ---------------------Rupees-----------------------
Category of classi�cation
-----------------------Rupees------------------------- -----------------------Rupees-------------------------
page 28page 27
30th Sep 2017
30th Sep 2017
30th Sep 2017
31st Dec 2016
31st Dec 2016
31st Dec 2016
Una
udit
edA
udit
ed
5.O
PERA
TIN
G F
IXED
ASS
ETS
(Rup
ees)
(Rup
ees)
Capi
tal W
ork
in p
rogr
ess
- not
e 5.
113
,605
,766
4,
915,
860
Prop
erty
and
equ
ipm
ent
- not
e 5.
230
3,68
7,27
8
27
1,02
0,28
8
Inta
ngib
le a
sset
s - n
ote
5.3
99,8
18,7
8311
2,51
1,37
3
417,
111,
827
388,
447,
521
5.1
Capi
tal W
ork
in p
rogr
ess
Civi
l wor
ks13
,605
,766
4,91
5,86
0
Equi
pmen
ts-
-
Adva
nces
to s
uppl
iers
and
con
trac
tors
-
-
Oth
ers
-
-
13,6
05,7
66
4,
915,
860
30th
Sep
201
731
st D
ec 2
016
Net
boo
k va
lue
At
Janu
ary
01
Char
ge fo
r th
e ye
arA
djus
tmen
ts
/tra
nsfe
rsD
ispo
sals
/ w
rite
o�
s A
t
Sep
30A
t Se
p 30
Rate
per
ann
um
%ag
e
30,3
11,8
09
11,5
32,2
54
-
41,8
44,0
66
41
,475
,150
20%
147,
693,
161
57
,064
,603
-
(2,5
45,1
38)
20
2,21
2,62
6
212,
581,
323
10
-33%
10,0
05,6
33
4,
590,
341
-
(5,4
06,4
90)
9,
189,
485
16,6
19,9
99
25
%
52,2
42,6
29
13
,162
,169
(5,3
94)
65,3
85,1
27
33,0
10,8
06
25
%
240,
253,
232
86
,349
,367
(5,3
94)
(7
,951
,628
)
31
8,63
1,30
4
30
3,68
7,27
8
18,6
44,0
56
12
,869
,074
-(19,
671)
(19,
671)
(1,2
01,3
20)
30
,311
,810
38,4
33,6
76
20
%
97,1
49,0
94
52,7
13,2
69
(2
,169
,202
)
147,
693,
161
18
8,80
0,53
4
10-3
3%
17,9
24,7
11
4,95
1,90
4
-
(12,
870,
982)
10,0
05,6
33
14,1
29,8
50
25%
34,4
69,0
06
17,7
98,0
49
(19,
032)
52
,242
,629
29,6
56,2
2825
%
168,
186,
867
88
,332
,296
(16,
260,
536)
24
0,25
3,23
3
271,
020,
288
Dep
reci
atio
n
----
----
----
----
----
----
----
----
----
----
----
----
----
-- R
upee
s ---
----
----
----
----
----
----
----
----
----
----
----
----
----
-
5.2
Prop
erty
and
equ
ipm
ent
At
Janu
ary
01
Add
ition
sA
djus
tmen
ts
/tra
nsfe
rsD
ispo
sals
/ w
rite
o�
sA
t
Sep
30
30th
June
201
7
Furn
iture
and
�xt
ure
68,7
45,4
86
14,6
56,2
09
83
,319
,216
Elec
tric
al, o
�ce
and
com
pute
r equ
ipm
ent
336,
493,
695
81,0
63,2
04-
(2,7
62,9
50)
414,
793,
949
Vehi
cles
24,1
35,4
837,
264,
657
-(5
,590
,656
)25
,809
,484
Leas
ehol
d im
prov
emen
ts81
,898
,857
16,4
97,0
76
(82,
479)
(82,
479)
98,3
95,9
33
511,
273,
521
119,
481,
146
(8
,353
,606
)62
2,31
8,58
2
31st
Dec
201
6
Furn
iture
and
�xt
ure
55,7
36,4
51
15,2
52,6
34(2
,243
,599
)68
,745
,486
Elec
tric
al, o
�ce
and
com
pute
r equ
ipm
ent
216,
147,
977
122,
751,
362
(2,4
05,6
44)
336,
493,
695
Vehi
cles
23,1
38,7
7414
,028
,604
---
(13,
031,
895)
24,1
35,4
83
Leas
ehol
d im
prov
emen
ts68
,859
,833
13,1
80,8
34(2
4,69
0)81
,898
,857
363,
883,
035
165,
213,
434
(117
,120
)
(117
,120
)(1
7,70
5,82
8)51
1,27
3,52
1
Cost
----
----
----
----
----
----
----
----
----
----
--- R
upee
s ---
----
----
----
----
----
----
----
----
----
----
--
121,
696,
247(
2016
: Rs.
87,6
19,9
01)
Unaudited Audited
5.3
Inta
ngib
le a
sset
s
Net
boo
k va
lue
At
Janu
ary
01
Add
ition
sD
ispo
sals
/ w
rite
o�
sA
t Se
p 30
At
Janu
ary
01
Char
ge fo
rth
e ye
arD
ispo
sals
/ w
rite
o�
sA
t Se
p 30
Sep
30A
t Ra
te p
er
annu
m
%ag
e
30th
June
201
7
Soft
war
e Li
cens
e18
2,84
0,81
7
18
,285
,020
18,2
85,0
20
-
20
1,12
5,83
7
201,
125,
837
70,3
29,4
44
70,3
29,4
44
-
-
-
10
1,30
7,05
4
101,
307,
054
99
,818
,783
99,8
18,7
83
10-3
3%
182,
840,
817
-
32,8
97,9
32
32,8
97,9
32
-
70,3
29,4
44
70,3
29,4
44
112,
511,
373
112,
511,
373
31st
Dec
201
6
Soft
war
e Li
cens
e12
8,68
6,70
2
128,
686,
702
54,1
54,1
15
54,1
54,1
15
-
182,
840,
817
182,
840,
817
37
,431
,512
37,4
31,5
12
-
10-3
3%
-
-
5.3.
1Th
is in
clud
es T
emen
os -
24 (R
-10)
sof
twar
e w
ith c
arry
ing
valu
e of
Rs.
31,5
58,5
10 (2
016:
31,6
11,2
07) a
nd re
mai
ning
am
ortiz
atio
n pe
riod
of 4
(201
6:4.
9) y
ears
.
Cost
Am
ortiz
atio
n
----
----
----
----
----
----
----
----
----
--- R
upee
s ---
----
----
----
----
----
----
---
----
----
----
----
----
----
----
----
----
----
----
Rup
ees -
----
----
----
----
----
----
----
----
----
----
----
--
30th Sep 2017 31st Dec 2016
(Rupees) (Rupees)
1,165,094,826 652,412,703
105,259,319 57,985,540
119,436,441 30,342,832
143,315 105,935
27,448,245 9,002,299
160,073,899 74,389,688
80,725,131 29,122,426
1,658,181,176 853,361,423
30,342,832 41,646,995
238,546,591
(149,452,982)
119,436,441
45,617,739
(56,921,902)
30,342,832
-
143,315
143,315
-
105,935
105,935
48,389,381 22,541,384
- -
-
-
75,470,589
117,904
2,864,304 3,874,002
56,921,90257,677,455
109,940,838 157,916,083
(5,632,954) (10,566,396)
104,307,884
104,307,884
147,349,687
147,349,687
- -
6. OTHER ASSETS
Income / Markup accrued
Advances, deposits and prepayments
Advance taxation - net - note 6.1
Receivable from related parties - note 6.2
Inventory/ printed stationary
Receivable against Insurance premium - note 6.3Others
6.1 Advance taxation - net - note 6.1
Opening balance
Tax paid
Provision for taxation
Closing balance
6.2 Receivable from related parties
Pakistan Mobile Communication Limited
Business Communication System (private) Limited
6.3
7. DEFERRED TAX ASSET
Deferred tax asset arising on account of deductible temporary di�erences on:
Provision against non-performing advances
Precommencement expenditure
Unused tax credit
Deferred tax liability arising on account of taxable temporary di�erences on:
Operating �xed assets
Surplus on revaluation of available for sale investments
7 .1
Unused tax losses
Provision for gratuity
Alternate Corporate Tax
This represents the amount receivable from SBP in respect of insurance premium paid by the Bank for livestock and crop loans under AC&MFD Circular No. 1 of 2013 dated November 1, 2013.
Deferred tax asset has been recognised based on the premise that su�cient taxable pro�ts will be available in future years.
page 30page 29
Unaudited Unaudited Audited
Unaudited Audited
Audited
8. DEPOSITS AND OTHER ACCOUNTS
Time Liabilities:
Term deposits
Demand Liabilities:
Savings deposits
Current deposits
Branchless deposits
8.1 Particulars of deposits by ownership
Individual depositors
Institutional depositors
a) Corporations/�rms etc.
b) Banks & �nancial institutions
Retailers
Franchisees
Customer care centers
9. Other Liabilities
Mark-up/ Interest payableAccrued expenses
Payable to related parties - note 9.1
Taxes and levies withheld
Payable to suppliers
Bills collected for settlement through NADRA
Uncollected remittances
Bills payable
Provision for gratuity - note 14.2
Others
9.1 Payable to related parties
PMCL
Global Telecom Holding S.A.E - note 9.1.1
LinkdotNet Telecom Limited
Oracap - GTH
30 Sep 17 30 Sep 17 31 Dec 16
30 Sep 17 31 Dec 16
31 Dec 16
Note (Number) (Rupees) (Number) (Rupees)
2,134 3,114,177,478 1,265 2,344,357,034
40,506 2,844,514,673 37,808
2,526,149,947
155,017 1,389,399,141 98,549 1,317,006,773
14,343,591 6,285,201,948 7,983,760 4,118,848,713
14,539,114 10,519,115,762 8,120,117 7,962,005,433
14,541,248 13,633,293,240 8,121,382 10,306,362,467
14,411,092 6,869,699,929 8,050,538 5,686,390,251
57,509 1,031 4,199,288,265 1,834,000,242
416 1,665,697,705 33 1,941,623,675
71,597 786,492,945 69,330 684,321,037
613 107,391,966 429 160,025,166
21 4,722,430 21 2,096
14,541,248 13,633,293,240 8,121,382 10,306,362,467
(Rupees) (Rupees)
53,241,065
85,538,644
1,316,600,081
83,654,788
63,492,751
327,679,666
259,244,032
62,307,554
9,547,681
435,695,645 2,697,001,907
38,719,075 1,288,580,091
25,537,867
1,288,580,091 --
2,482,123 2,482,123
1,329,781,289 1,316,600,081
56,747,787
180,117,104
1,329,781,289
285,787,178
37,801,587
645,296,842
297,368,960
74,033,982
12,913,344
628,702,380 3,548,550,453
This represents the amount received from PMCL, associated company under a tripartite arrangement with PMCL and Global Telecom Holding S.A.E., the holding company.
9.1.1
9.2 Provision for gratuity
Pro�t and Loss Notes.
Opening balance
Charge for the year
Payment during the year
Closing balance
10. SHARE CAPITAL
Authorized Capital
Sep 2017 Dec 2016
Numbers Numbers
150,000,000 150,000,000 Ordinary shares of Rs. 10 each.
Issued, subscribed and paid-up capital
Ordinary shares145,175,360 145,175,360 Fully paid in cash of Rs. 10 each.
9,547,681 6,060,004
5,099,101 5,024,139
(1,733,438) (1,536,462)
12,913,344 9,547,681
1,500,000,000 1,500,000,000
1,451,753,600 1,451,753,600
10.1
11. MEMORANDUM / OFF-BALANCE SHEET ITEMS
11.1 Contingencies
There are no contingencies at 30th Sep 17 (2016: Nil).
11.2 Commitments:
Commitments against contracts
Global Telecom Holding S.A.E. is the holding company controlling 145,175,355 i.e. 99.99% shares (2016: 99.99%) of the Bank.
- -
page 32page 31
12.
- Advances
- Government securities
- On Deposit accounts/placements with other banks/�nancial institution
MARK-UP/RETURN/INTEREST EARNED
Interest / Mark-up on;
30th Sep 2017(Rupees)
1,512,127,363
169,108,029
173,388,239
1,854,623,631
30th Sep 2016(Rupees)
622,141,590
45,473,083
113,660,917
781,275,590
Branch Names And Contacts
Faisalabad
FaisalabadP-7, Santpura Main Allama Iqbal Road Opposite GC University Faisalabad041-2620622
Toba Tek SinghShop #240-241,Mall GoDown Road,Grain Market,Toba Tek Singh046-2510721
GojraShop no.1 Azeem plaza, Near Sabzi Mandi, Borh Wali Gali, Quaid e azam road, Tehsil Gojra District Toba Tek Singh046-3511461
JhangBuilding No.93, Near Girls College Chowk, Gojra Road, Jhang Saddar047-7650148-9
ShorkotNear Ghani Petrol Pump Lari Ada Jhang Road Shorkot City047-5310178
ChiniotNear NADRA o�ce Faisal Abad Road Chiniot047-6330181
Layyah
BhakkarWard # 12/6 near Nasir hospital Mandi Town Bhakkar0453-514014
Chowk AzamMM Fateh Pur Road, Sial Colony, Chowk Azzam0606-381141
Chowk Sarwar ShaheedOpposit Ghala Mandi Gate No 2 Near ZTBL main Multan Road Chowk Sarwar Shaheed. District Muzafargarh066-2210621
Darya KhanMain Bhakkar Road, Opposite GPO, Darya Khan0453-252314
Koror Lal EssanFateh Pur road opposite ZTBL Karor Lal Essan0606-811555
Kot AdduShop No. 476 Ward No.11 Main GT Road Kot Adu Distt Muza�ar Garh0662-243591
LayyahPlot # 134,Mohallah Qadirahabad,near Moti mosque,Chobarah Road Layyah0606-410141
MankeraShop no. 4 Bhatti markit, Opposite UBL-Jhang road, Mankera045-3410101
Multan
DunyapurShop # 6-9, Faizan E Madina Road, Kazmi Chowk, Dunyapur0608-304342
JalalpurArain Plaza,Opposite Allied Bank Permat Road, Jalalpur Pirwala0614-420197
Kehror PeccaDunya Pur Road, Kehror Pacca0608-340223
LodhranSaad Plaza, Shop # 1-3, Near Choti Nagar, Main Bahalwalpur Road, Lodhran0608-361104
Multan3626 AB, Azmat wasti road, Chowk Sadu Hassam, Multan061-4588868
MuzafargarhJhang Road Chungi # 02, Near wapda o�ce Muzafargarh0662-422472
ShujabadOpposite Munawarah Masjid, Jalalpur Road, Shujaabad061-4397599
13. MARK-UP/RETURN/INTEREST EXPENSED
14. FEE, COMMISSION AND BROKERAGE INCOME - NET
Income from branchless banking - note 14.1
Loan processing fee
14.1 Income from branchless
Branchless banking income - note 14.2
Commission to retailer / franchisee
Commission to related party
14.2
15. OTHER INCOME
(Rupees)
Gain on disposal of �xed assets 2,154,109
On deposits
Others
30th June 2017
30th Sep 2017 30th Sep 2016
30th June 2016(Rupees)
390,989,083
376,113,971
128,531,107
33,702,892538,347,970
3,177,107,098(2,102,407,274)
(698,585,853)
376,113,971
(Rupees)
135,707,592
380,081,967
95,401,808
19,913,580 495,397,355
2,686,591,777 (1,499,621,681)
(806,888,129)
380,081,967
(Rupees)
2,877,180
This represents the income from branchless banking operations (Jazz cash formerly Mobicash) carried out by the Bank together with Pakistan Mobile Communication Limited (PMCL) through agency agreement under SBP Branchless Banking Regulations. As per the agreement, Income from Mobicash (Net of Agents commission) is shared between the Bank and PMCL in the ratio of 30:70 respectively.
page 34page 33
page 36page 35
Pannu Aqil
DharakiProperty No. 446, Near EFU o�ce , Main Road, Deharki0723644402
HalaDargah Road, Opposite HBL, New Hala, District Matiari223331124
HyderabadPlot # D-1 & D4, Mobilink House, Main Auto Bhan Road, Near Standard Chartered Bank, Latifabad, Hyderabad022-3411038
Karachi-DHA40D, 24th Commercial Street, Phase II Extension, DHA, Karachi021-34328516
Pannu AqilPlot No. 435, Baiji road, Pannu Akil District, Sukkur.071-5692437
RanipurShop No. 1 & 2, Behind Al-Shifa Medical Center, Near Askari Bank, Main National Highway, Ranipur.0243-730372
SadiqabadNishter chowk fanous, cinema road, near KPL road, Sadiqabad0685-705333
LarkanaShaikh Muhallah, survey no. 72 old anaj Mandi, near Haji Dhani Bux oil mill, Bank Square Road Larkana074-4040133
QambarOld bus Stand, Mian Mangan Main Road Qamber074-4211442
Peshawar
AbbotabadGround Floor, Shalimar Motors, Mansehra Road, Abbotabad0992-384488
HaripurShop#7-8,Naeem Khan Market,GT Road,opposite Total Pump,Haripur0995-627725
IslamabadKaghan Road F-8 Markaz Islamabad051-2817101 ext 1225
MardanNaeem Khan Market College Chowk,Mardan.093-7875123
MuzafarabadNeelum Road Near 4 Field Masjid Lower Plate Muza�arabad05822-449114-5
PeshawarMobilink Contact Center, Near Arbab Road, University Rd, Peshawer.091-5711626
SwabiShop #1, Fazal Dad Khan Market, Mardan Road, Near Meezan Bank, Swabi0938-222325
Rahim Yar Khan
AhmedpurShop # 2/2, Opposite MAPCO O�ce, Kuchehri Road, Ahmedpur East.062-2271443
ChishtianPlot # 68-D,Gulistan Plaza Gurdwara Road,Main Bazar Chishtian063-2500177
Fort AbbasGrain Market, Along with Meezan bank , Fort Abbas063-2510120
HaroonabadJamia Masjid Road, Near UBL bank, Haroonabad063-2250041
HasilpurMain Bazar, Baldia Road, Near Bank of Punjab, Hasilpur062-2441094
KhanpurShop # 1 & 2, Quaid-e-Millat Road, Khanpur, District Rahim Yar Khan068-5577072
LiaquatpurPlot #7,Ghalla Mandi Road,Liaqatpur0685-693442
Rahim Yar KhanBin Hakim Plaza Shahi Road, Opposite Police Station City A Division, Behind Zam Zam Plaza, Rahim Yar Khan0685-878071
Sahiwal
Arif WalaMain Muhammadi Road, Adjacent NRSP Bank, Arifwala045-7830510
BurewalaAl Ramay industeries, Near Khushhali bank limited, Multan road Burewala067-3770828
LahoreE-17/5-1, Main Walton Road, Islam Nagar, Lahore042-36628256
Mian ChanuBatalvi Plaza, Near Ghallani Plaza, Shaheed Road, Mian Channu.065-2660287
PakpattanEx-Punjab Bank Building, Adjacent Telenor Franchise, College Road, Pakpattan.0457-372172
SahiwalO�ce No G-3 Ground Floor,Plot no 515-B,Saeed center,opposite DPO o�ce,Farid Road,Sahiwal040-4222219
BasirpurHaveli road opposite Girls degree college Basirpur.0444-771010
MinchinabadPlot No. 150 Circular Road Minchanabad0632-750244
Sargodha
BhalwalKhewat # 100, Khattoni # 103, Liaquat Shaheed road Bhalwal District Sargodha.048-6643406
Chota SahiwalVinni House, Jhang Sargodha Road, Tehsil Chota Sahiwal, District Sargodha048-6786157
KhushabShop No. 198, block No. 14, Main Bazar Jouharabad, District Khushab.0454-721491
Mandi Baha UddinAli Plaza, Cinema Road, Near Civil Lines Hospital, Mandi Baha Uddin.054-6500942
SargodhaZahoor Plaza, Hussain Chowk, Noori Gate, Sargodha048-3768825
SialkotM.A. Heights, Defence Road, Sublime Chowk, Khewat No 343, Khatoni No 724,Khasra No.24,Opposite WAPDA OFFICE, Sialkot052-3258877
PasrurNarowal By Pas Pasru Road Pasrur Near PSO Petrol Pump052-6442724
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