afm (hbl report student id 12584)
TRANSCRIPT
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Analysis of Balance Sheetof Financial InstitutionAdvanced Financial Management Report
7/21/21!
Habib Bank LimitedValentine Fernandes (12584)
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Table of Contents
"a#le of $ontents%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2
INTRODUCTION:
&B' (as the first commercial #an) to #e esta#lished in *a)istan in 1+,7% -ver the
years. &B' has gro(n its #ranch net(or) and #ecome the largest private sector
#an) (ith over 1. #ranches and 1. A"Ms across the country and a customer
#ase e0ceeding seven million relationships%
"he overnment of *a)istan privatied &B' in 2, through (hich A3F45ac6uired
1 of the Ban)8s shareholding and management control% ,1% of the
shareholding is retained #y the overnment of *a)istan 9-*:. (hilst 7% is o(ned
#y the general pu#lic i%e% over 1;.< 9as per 212 financial statements:
shareholders follo(ing the pu#lic listing that too) place in =uly 27%
>ith presence in 2, countries. su#sidiaries in &ong 3ong and the ?3. affiliates in
@epal. 3enya and 3yrgystan and rep offices in Iran and $hina. &B' is also the
largest domestic multinational% "he Ban) is e0panding its presence in principal
international mar)ets including the ?3. ?A4. South and $entral Asia. Africa and the
Far 4ast%
3ey areas of operations encompass product offerings and services in Retail.$ommercial and $orporate Ban)ing% &B' has one of the largest $orporate Ban)ing
portfolio in the country (ith an active Investment Ban)ing arm% SM4 and Agriculture
lending programs and #an)ing services are offered in ur#an and rural centers%
Most Notable Achievements:
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Best Foreign Exchange Provider
in Pakistan, Global Finance
Awards 2009
Best Bank in Pakistan, Global
Finance Awards 2008
Best Bank in Pakistan,Global
Finance Awards 2009
Best Trade Finance Provider inPakistan,Global Finance
Awards 2009
Bank o the !ear, TheBanker 2009 "#$blication
o Financial Ti%es&
Best Trade Finance
Provider , Global
Finance 'aga(ine 20)0
Best Bank,Global
Finance 'aga(ine
20)0
Best E%erging 'arket
Bank,Global Finance
'aga(ine 20)0
Best E%erging 'arket
Brand,Global Finance
'aga(ine 2009
*trongest Bank inPakistan,Asian Banker
'aga(ine 20)2
+eading Bank in o%e
-e%ittances in 20)),
Pakistan -e%ittance
.nitiative
Best -etail Bank inPakistan,Asian Banker
'aga(ine 20)/
Best F Bank in Pakistan,E$ro 'one1 Awards, 20)/
Vision:
4na#ling people to advance (ith confidence and success
Mission:
"o ma)e our customers prosper. our staff e0cel and create value for shareholders
Branch Network:
&B' has the largest domestic #ranch net(or) (ith over 1. #ranches and 1.
A"Ms and is present in 2, countries namely Bangladesh. Belguim. $hina. Sinagpore.
France etc%
Geora!hical sements:
"he Ban) operates in five geographic regions. #eingC
D *a)istan
D Asia *acific 9including South Asia:
D 4urope
D @orth America
D Middle 4ast
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D -thers
ItEs &ead -ffice is at &a#i# Ban) *laa I%I%$hundrigar Road. 3arachi. *a)istan%
"#bsi$iaries % Associates
"#bsi$iaries:
1% &a#i# Finance International 'imited. &ong 3ong (holly o(ned
2% &a#i# Ban) Financial Services 9*rivate: 'imited. *a)istan (holly o(ned
!% &B' $urrency 40change 9*rivate: 'imited. *a)istan (holly o(ned
,% &B' Asset Management 'imited. *a)istan (holly o(ned
% &a#i# Allied International Ban) *lc%. ?nited 3ingdom shareholding at+%
;% &a#i#sons Ban) 'imited. ?nited 3ingdom shareholding at +%
7% First &a#i# Ban) Modara#a. *a)istan
G% &B' Stoc) Fund. *a)istan shareholding G1%G
+% &B' Multi Asset Fund. *a)istan D shareholding G+%+;
1%&B' Income Fund. *a)istan D shareholding ;1%7
Associates
1% &imalayan Ban) 'imited. @epal D &olding 2 9211C 2: D 'isted
2% 5iamond "rust Ban) 'imited. 3enya D &olding 11%;G 9211C 11%21: D 'isted
!% 3yrgy Investment and $redit Ban). 3yrgy Repu#lic D &olding 1G 9211C
1G: D ?nlisted
,% =u#ilee eneral Insurance $ompany 'imited D &olding 1;%2, 9211C 1,%27:D 'isted
% =u#ilee 'ife Insurance $ompany 'imited D &olding 17%+ 9211C 17%+: D
'isted
;% &B' Money Mar)et Fund D &olding 1%1 9211C 1% : D 'isted
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7% &B' Islamic Money Mar)et Fund D &olding 7!%1, 9211C ;,%G: D 'isted
G% &B' Islamic Stoc) Fund D &olding +7%; 9211C +;%1,: D 'isted
+% &B' *ension 46uity Su# Fund D &olding +2%! 9211C ++%2G: D ?nlisted
1%&B' *ension 5e#t Su# Fund D &olding ,,% 9211C +;%!,: D ?nlisted
11%&B' *ension Money Mar)et Su# Fund D &olding !+% 9211C +7%2;:
?nlisted
12%&B' Islamic *ension 46uity Su# Fund D &olding G!%,, 9211C ++%+!: D
?nlisted
1!%&B' Islamic *ension 5e#t Su# Fund D &olding ;%2 9211C ++%+!: D
?nlisted
1,%&B' Islamic *ension Money Mar)et Su# Fund D &olding ;1%,7 9211C
++%+7: ?nlisted
Cre$it Ratin:
=$R HIS $redit Rating Agency of *a)istan has upgraded the entity ratings of the
Ban) to AAA / AD1
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5e#it $ard
*hone Ban)ing
Fast"ransfer
Mutual Funds
Salary *lus
B#siness c#stomers have been tarete$ with the *ollowin schemes:
$orporate Ban)ing
$ommercial Ban)ing
SM4 Ban)ing
Investment Ban)ing
$ash Management
Jarai Ban)ing
lo#al "reasury
Asset Management
-ther than these specific individual and #usiness customer schemes and services
&B' also provides &B' e0press a mode oftransferring money any(here (ithin*a)istan is safe. 6uic) and simple and also the provision of having Islamic Ban)ing
accounts%
"+OC Anal,sis:
"trenths
'oo)ing at the training and development e0penditure from &B'Es financials
the staff of the #an) is definitely s)illed. (ell trained and competent%
&B' has centralied decision ma)ing%
&B' is the largest #an) in *a)istan. having 1< #ranches as (e can
confirm in audited Financial Statements for 212%
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&B' have an e0tensive #ranch net(or) throughout the country. around ;G
online #ranches in *a)istan%
By analying capital ade6uacy ratio (e see that they have one of the highest
in the #an)ing sector (hich fortifies their sta#ility
-ne of the #est I" infrastructure. the first #an) in *a)istan to have a core
#an)ing system. other have follo(ed suit. apart for the #ig none of the
small #an)s have it
&B' e0press #ranchless #an)ing%
!rdlargest credit card portfolio after ac6uisition of $iti#an) credit cards%
'argest deposit #ase%
Strong regional presence. can emerge as a strong regional player. they are
present in every country around *a)istan as (e can see in &B' 'ocations%
+eaknesses
Bad de#t rate is very high and they have poor system of recovery%
Sense of insecurity in employees due to do(nsiing%
&B' has #ecome victim of political. legal and socio cultural pressure%
4mployees are not satisfied due to unfair promotion system% "here is not
aright criterion for promotionK many vacancies are filled at approach #asis%
Advances of &B' are also very lo( (ith respect to its competitors as (e can
see from advance to deposit ratio%
O!!ort#nities
?tilie e0isting net(or) to enhance regional presence. offer product cross
sell. e0plore merging mar)et such as east Africa%
Although A"M and online #an)ing has started #ut it can #e made more
effective #y applying itEs o(n A"M net(or)K as there are t(o A"M s(itches
operational in the country. 1'I@3. hosted #y a consortium of #an)s. and
M@4". hosted #y M$B Ban) 'td. #y having their o(n net(or) they can not
only use it for themselves #ut also sell it as a service to other #an)s% A"M
transactions costs are much lesser than transactions via human tellers as
(ell%
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"hey have the largest deposit #ase. focus should #e on improving deposit
mi0 9$ASA current account / savings account:
&B' has also an opportunity to e0pand its retail #an)ing and internet #an)ing
facilities in order to serve the customer more efficiently%
-pportunity to invest in 6uality advances%
'everage e0isting net(or) to offer cash management and transaction
#an)ing%
40pand (ealth management #usiness%
-ffer more SM4 and rural advances 9)ind of syncs (ith *a)istanEs gro(th:%
"hey have recently introduced #ranchless #an)ing 9&B' e0press:. (e can use
that to attract more customers 9transaction #an)ing:
Challenes
*rofit is #ecoming lo( due to declining spreads%
Financial environment is changing day to day. ne( technologies are
introduced #y foreign #an)s that provide customer efficient and 6uic)
service%
5ue to lo( entry #arriers. there are more competitors. so the glo#alcompetition has increased
Because of unfair promotion system and a#sence of proper and recruitment
techni6ues competent persons may move to other #an)s%
'oss of confidence of overseas customers due to freeing of accounts%
?nsta#le government policies
ORGANOGRAM O- COM(AN.
G
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-INANC) ORGANOGRAM
+
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/OB D)"CRI(TION O- MA/OR -INANCIA' (O"ITION:
Chie* -inancial O**icer 0Mr1 A,a2 Ahme$3
"o monitor the performance of all Regional &eads placed dispersed over 2,countries%
"o assign the targets to all regions in respect of 5eposits. Advances. *rofitand other nonDfund #ased income generated through various services offeredto customers at #ranch level%
"o overn Financial *olicies
5evelop financial and ta0 strategies
"o attend the various meetings called #y the president or #y #oard ofdirectors%
Ma)e sure S%-%* are follo(ed
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Ma)e strategy and *olicies in formulating the company8s future direction
*erforms supervisory duties to other lo(er 5eputy 5epartment (ise $F-Es
95MEs: and Managers%
-versee the financial operations of su#sidiary and associate companies
operations%
Report financial results to the #oard of directors
R)(ORT" (R)(AR)D B. -INANCIA' D)(ARTM)NT:
Monthly for Ban)
5aily and >ee)ly for "reasury functions
Financial Reporting is done on 6uarterly #asis (hich comprises of ! 6uarterly
and one Annual Report
5aily monitoring of fi0ed assets
5aily maintenance of foreign currency accounts/ investments and e0ecution
of International payments and receipts%
11
http://www.accountingtools.com/definition-subsidiary-companyhttp://www.accountingtools.com/board-of-directors-definitionhttp://www.accountingtools.com/definition-subsidiary-companyhttp://www.accountingtools.com/board-of-directors-definition -
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COM(ARATIV) ANA'."I" O- BA'ANC) "&))T:
Balance sheet
nal!sis2""8 2""# 2"1" 2"11 2"12
($%&ees in '""")
T
$ash and #alances (ith
treasury #an)s;.!!.1!,
7+.G!+.G!
;
G1.;,.2,
;
1!.!++.;2
!
17.22+.1
7
Balances (ith other #an)s !+.!;,.2+7,.!;;.;G
7
!7.,1!.1G
,7.!,+. ,7.+G.!2
'endings to financial
institutions;.1+!.7G7 .!2.G7!
!.!!+.!,
,,1.G1.2+ 2,.G2G.2
Investments12+.G!!.,,
;
21;.,;7.
!2
2,.++.1
1;
,1G.;,.1,
7
7+7.+,.,
G
Advances,;.!.
7
,,.;;2.,
++
,+.7.
12
,7.!;7.;
;
,++.G17.+
;
-perating fi0ed assets 1,.71.221;.7;;.;;
G
1;.1.2+
1+.1;7.;, 2!.;!2.!2,
5eferred ta0 asset 12.1G;.G,G + .2.+,,+ .
72.2!7.27.GGG ;.;.,G!
-ther assets !,.GG.,,, ,1.2;2.7,
!,.+2.7
,,.GG.7! !.;;+.7
7,+.G;.71
G;!.+2,.7
+!
+2,.;++.,
!
1.1!+.,.
2
1.;1.!G.
72
L*B*L*T*
Bills paya#le +.G2G.G21.,1.,
2
+ .
77.+!1!.G+,.2 1G.+,!.27
Borro(ings from financial
institutions,;.+;1.1;
2.,2.+7
G
,.,+.G;
!+.,7!.;7
1+;.G.,
G
5eposits and other accounts+7.+.,
;G2.7.
7+
7,7.!7,.7
++
+!!.;!1.2
1.21,.+;!.
7
Su#Dordinated loans !.+,.+2 ,.212.G, .
2G1.G!.!;.1 .,,.;,
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'ia#ilities against assets
su#Lect to finance leaseD D D D D
5eferred ta0 lia#ility D D D D D
-ther lia#ilities 2.;;!.,11!.G.!1
;
2;.7.,
!7.+!1.,2 ,1.!,2.7!
;G!.,+G.12
G
77+.,.+
+
G2G.,,G.;
!2
1.2+.+;7.
217
1.,77.27.
G12
+T T ;;.!G.G7G,.!;+.7+
G
+;.2.77
1
1+.G;.+G
G
1!!.!7.7;
hareholders' e,%it!
Share capital 7 .+. + .1G.1
.1G.G
11.2.;G 12.122.7,G
Reserves 2!.;;.,,27.27.!G
2+.!.
!2.1,.7 !+.!7+.!,
?nappropriated profit !1.+!!.17G!G.,+G.!!
,7.,;7.7
, ;.+G.;+7;7.2!.21
"otal e6uity attri#uta#le to the
e6uity holders of the Ban);!.17+.222
7.1!!.71
G;.G,2.
+
1.1,7.1!
2
11+.2.!1
7
Minority interest G+.++ 1.1,!.2,1 1.212.;; 1.2!;.2+ 1.227.27
Surplus on revaluation ofassets D net of deferred ta0 2.2!+.2;; G.+2.G,2 G.1+;.; G.2!.;; 12.7G.2!;
;;.!G.G7G,.!;+.7+
G
+;.2.77
1
1+.G;.+G
G
1!!.!7.7;
+ote- ll these amo%nts are re&resented as 0R#!ees in 45553
1!
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"he cash and #alance (ith treasury #an)s amount includes @ational *rie Bonds in
local and foreign currency. amount (ith State Ban) of *a)istan i%e% 'ocal currency
current account and foreign currency deposit account. amount (ith other $entral
Ban)s i%e% Foreign currency current account and Foreign currency deposit account
and amount (ith @ational Ban) of *a)istan in 'ocal currency current account% It also
includes remunerative accounts% It seems to increase over the years% "here has
#een an inconsistent increase in this amount over the years%
"he State Ban) of *a)istan local currency current account has increased #y a#out
! in 2+ and the $entral #an)s Foreign currency deposit account increased to
almost !% times as compared to the amount in 2G% "he overall increase in 2+
is appro0imately ,1%2% In 212 @ational *rie Bonds in 'ocal currency increased #y
!+%G and the $entral #an)sE Foreign currency current account has increased #y
more than t(ice of the amount in 211% "hus resulting in a drastic overall increase
of 2%1 in 212%
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"he #alances (ith the other #an)s included the #alance inside *a)istan and outside
*a)istan in the current and deposit accounts% "here seem to have relatively small
fluctuations throughout the year period almost remaining consistent%
In *a)istanEs current account has increased #y 12 and outside *a)istan deposit
account has increased #y appro0% 2!% "hus in 211 the overall increase in other
#an) #alances is 2;%;%
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'ending to financial institution in local currency include call money lendingEs.
repurchase agreement lendingEs 9reverse repo: and mar)et securities held as
collateral against lendingEs to financial institutions (hich include mar)et treasury
#ills% "here has #een drastic increase in the year 21 appro0imately a five times
increase since 2+ (hich seems to #e due to the repurchase agreement lendingEs
that increased #y nearly 1,% &o(ever there has #een a fall of ,%! in 212%
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Investments #y type include &eld for "rading Securities 9&F":. &eldDtoDMaturity
Securities 9&"M:. Availa#leDforDSale Securities 9AFS:. and Investment in Associates
and =oint Henture% Investment #y Segment includes Federal overnment Securities.
Fully paidDup -rdinary Shares. 5e#entures and $orporate 5e#t Instruments%
Investments held for maintaining the li6uidity re6uirements of the SB* amounted to
Rs% 11%2, million as at 5ecem#er !1. 212 9211C Rs% 111%!+, million:%
Investments include Rs% ,!%11, million as at 5ecem#er !1. 212 9211C Rs%
1+%+G million: pledged (ith SB* and @ational Ban) of *a)istan against ""/55
discounting facilities and demand loan facilities% Investments include Rs% +%++2
million as at 5ecem#er !1. 212 9211C Rs% +%;7 million: pledged (ith the
$ontroller of Military Accounts in lieu of Regimental Fund Accounts #eing
maintained at various #ranches of the #an)%
"he increase in amounts of the investments per year is significantK from an increase
of ;;%7 in 2+ to a 17%G increase in 21% In 211 again (e see a ;,%2 of
increase% And finally in year 212 a + increase in investment%
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Advances include loans. cash credits. running finances. etc% in and outside *a)istan.
net investment in finance lease D in *a)istan. #ills discounted and purchased (hich
are paya#le in and outside *a)istan%
"he amounts seem to remain fairly consistent in the period from 2G to 211
increasing and decreasing from %, to 1% "he increase in advance in the year
212 is almost +%
1G
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-perating fi0ed assets include capital (or)DinDprogress. intangi#le assets and
tangi#le fi0ed assets% "he operating fi0ed assets has increased over the years
ranging from appro0imately 1, to 2! e0cept for 21 (here there (as a
decrease of !%
5eferred ta0 assets include deducti#le temporary differences and ta0a#le
temporary differences% "he deferred ta0 has #een decreasing over the years% "he
1+
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decrease has #een very rapid and dropped to nearly half of the amount in the 212
as compared to 2G%
-ther assets include income / mar)Dup accrued in local currency . income / mar)Dup
accrued in foreign currency. advances. deposits. advance rent and other
prepayments. advance ta0ation 9payments less provisions:. receiva#le from defined
#enefit plans. stationery and stamps on hand. accrued fee income. due from
overnment of *a)istan. unnrealised gain on for(ard foreign e0change contract.
nonD#an)ing assets ac6uired in satisfaction of claims. receiva#le from @ational
Savings $entre / $learing in transit. dividend receiva#le and -thers%
"he other assets amount increased to 1+%! in 2+ and fell to 1%, in 21%
"hen in 211 it increase to 2G and in 212 a further increase of 1+%G%
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"he #ills paya#le in and outside *a)istan have increased over the years e0cept for
21 (here there has #een a minor decline of only 2%7% "he increases in 211 and
212 have #een drastic from ,2 and !; respectively%
21
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"he #orro(ings amount includes the transactions inside and outside *a)istan from
financial institutions in local and foreign currency in the form of secured and
unsecured #orro(ings%
"he increase / decrease in the #orro(ings have #een #et(een increases in 2+ of
11 to a decrease of 2! in 21% In 212. particulars of #orro(ings in local
currency increased #y 7% "he secured #orro(ings increased #y ;,G and
unsecured #orro(ings increased #y !+G% "he #orro(ings have increased
significantly in 212%It is almost , times the amount it has #een in 211%
5eposits and other accounts include customers and financial institution in local and
foreign currency% "he deposits and other accounts have increased from 1, in
2+ to +% in 21 to 2 in 211 to !%1 in 212%
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"here has #een a gradual increase in su#Dordinated loan% "he highest increase (as
in year 211 the percentage increase (as 17%;% 5uring the year 21. &a#i#sons
Ban) 'imited has issued a su#ordinated loan of ?S ; million e6uivalent to pa)
rupees !G%G1 million% "his is repaya#le in the year 22 and carries interest at
'IB-R < 2%% "he loan is su#ordinated to the claims of depositors and other
creditors%
2!
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Mar)Dup / return / interest paya#le in local currency. Mar)Dup / return / interest
paya#le in foreign currency. Accrued e0penses. *rovision for employees8
compensated a#sences. *rovision for post retirement medical #enefits. *rovision
against offD#alance sheet o#ligations. *rovision for contingencies. Branch
adLustment account. *rovision for staff retirement #enefits. *aya#le to defined
#enefit plan. Amounts due to minority investors in fund consolidated #y &B'.
*rovision for (or)ers (elfare fund. ?nearned commission. NaraDeD&asna Fund and
-thers%
"he other lia#ilities amount has increased over the years% &o(ever in 21 there
(as a decrease of 11% and in 211 there (as a significant increase in other
lia#ilities%
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Authorised capital (as of 1.!G. shares of rupees 1 each from 2G to 211
and then increased to !.. shares of rupees 1 each in 212%
Issued. su#scri#ed and paidDup capital over the year period the share capital
increased #y 2 in 2+ and thereafter there has #een a constant rise of 1 per
year%
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"he amounts in the reserves account include 40change translation reserve and
statutory reserves% "hese amounts seem to increase each year% In 212 the
increase in the reserves has #een the greatest that is a#out 22%%
"he unappropiated profit has #een increasing consistently the increase percentage
has #een #et(een 1G% to 2!%!%
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"he minority interest increased drastically in 2+ #y 2G%, further increasing over
the years #y a relatively small percentage and finally in year 212 there (as a
decrease of %7%
In 2+ the percentage increase is 2;1%, and the increase percentage in 212 is
%G% "his sho(s a very high disparity (hereas the years #et(een 2+ D211
remains almost consistent (ith only a ma0imum of 1%! increase%
Concl#sion:
&ence (e can conclude that &B' is not only a fast gro(ing local financial institution
#ut also a (ell sta#ilied lo#al presence% "heir contri#utions in various su#sidiaries
and associates spread locally as (ell as internationally is testament to this%
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Recommen$ation:
It can increase itEs revenues #y (or)ing on eradicating as much as #ad de#t as
possi#le and improving the situation of declining spreads% "heir recent innovation of
Branchless #an)ing gives them a competitive advantage and can not only save
costs #ut also improve profit #y having a fast and efficient streamlined process%
"hey could (or) on increasing their glo#al presence as profit earned in foreign
currency (ould #e of significant importance in terms of contri#ution to #ecoming
more successful%
Bibliora!h,:
httpC//(((%h#l%com
httpC//(((%investorguide%com/definition/advancedeclineDratioDad%html
httpC//(((%investopedia%com/university/mar)et#readth/mar)et#readth!%asp
httpC//(((%li)efore0%com/glossary/(/advanceDdeclineDspreadD1;+
httpC//en%(i)ipedia%org/(i)i/A"MOusageOfees
2G
http://www.hbl.com/http://www.investorguide.com/definition/advancedecline-ratio-ad.htmlhttp://www.investopedia.com/university/marketbreadth/marketbreadth3.asphttp://www.likeforex.com/glossary/w/advance-decline-spread-16905http://en.wikipedia.org/wiki/ATM_usage_feeshttp://www.hbl.com/http://www.investorguide.com/definition/advancedecline-ratio-ad.htmlhttp://www.investopedia.com/university/marketbreadth/marketbreadth3.asphttp://www.likeforex.com/glossary/w/advance-decline-spread-16905http://en.wikipedia.org/wiki/ATM_usage_fees -
8/13/2019 AFM (HBL Report Student Id 12584)
29/32
BA'ANC) "&))T":
Balance Sheet of 2+
2+
-
8/13/2019 AFM (HBL Report Student Id 12584)
30/32
Balance Sheet of 21
!
-
8/13/2019 AFM (HBL Report Student Id 12584)
31/32
Balance Sheet of 211
!1
-
8/13/2019 AFM (HBL Report Student Id 12584)
32/32
Balance Sheet 212