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

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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

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/ 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

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,898

,857

363,

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165,

213,

434

(117

,120

)

(117

,120

)(1

7,70

5,82

8)51

1,27

3,52

1

Cost

----

----

----

----

----

----

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----

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----

----

----

----

----

----

----

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----

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--

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

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Janu

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01

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30A

t Ra

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m

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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