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Financial Highlights: Year Ended December 31, 2020

1) Askari Bank Limited is a Pakistani bank established in 1992 with over 7,900 employees and 537 branches across Pakistan. 2) For the year ended December 2020, the bank saw profits increase 54% to Rs. 10.8 billion with earnings per share of Rs. 8.57, as deposits grew 16% to Rs. 791.2 billion while advances increased 6% to Rs. 395.4 billion. 3) Key metrics show improving performance with the cost to income ratio dropping to 50.6% and return on equity rising to 25.5%, while non-performing loans declined to 6.7% of advances and provision coverage remained strong at 93.1%.

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Muhammad Nadeem
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47 views

Financial Highlights: Year Ended December 31, 2020

1) Askari Bank Limited is a Pakistani bank established in 1992 with over 7,900 employees and 537 branches across Pakistan. 2) For the year ended December 2020, the bank saw profits increase 54% to Rs. 10.8 billion with earnings per share of Rs. 8.57, as deposits grew 16% to Rs. 791.2 billion while advances increased 6% to Rs. 395.4 billion. 3) Key metrics show improving performance with the cost to income ratio dropping to 50.6% and return on equity rising to 25.5%, while non-performing loans declined to 6.7% of advances and provision coverage remained strong at 93.1%.

Uploaded by

Muhammad Nadeem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Financial Highlights

Year ended December 31, 2020


Askari Bank Limited – basic info

Commencement of operations April 1992


Sponsors Fauji Foundation Group (71.91%)
Entity Rating AA+(by PACRA)
Market capitalization - Rupees in billion 29
Market share of deposits (September 2020) 4.36%
Branches / sub branches - in Pakistan 537 (including 95 islamic branches)
International presence Wholesale branch in Bahrain
Rep.office in Beijing,China
Employees 7,949
Head office / Registered office Islamabad / Rawalpindi

Askari Bank Limited – Financial Highlights 1


Balance Sheet – as of December 31, 2020 (Rupees in million)

YE '19 YE '20 Change


ASSETS
Cash, bank bal. & lendings 91,332 81,371 -11%
Investments - net 305,436 449,687 47%
Advances - net 372,914 395,374 6%
Fixed & other assets 63,527 66,085 4%
Total Assets 833,208 992,517 19%

LIABILITIES
Borrowings 51,188 84,164 64%
Deposits & other accounts 679,299 791,187 16%
Subordinated debts 9,992 12,000 20%
Other liabilities 50,473 50,620 0%
Total Liabilities 790,952 937,971 19%

EQUITY
Share capital 12,603 12,603 0%
Reserves & un-app. profit 25,353 34,306 35%
Surplus on reval. of assets 4,300 7,637 78%
Total Equity 42,256 54,546 29%

Book value per share - Rupees 33.5 43.3 29%

Askari Bank Limited – Financial Highlights 2


Profit & Loss – Year ended December 31, 2020 (Rupees in million)

Profit & Loss FY '19 FY '20 YoY


Mark-up earned 71,704 77,322 8%
Mark-up expensed 49,569 47,059 -5%
Net Interest Income (NII) 22,136 30,263 37%
Non Fund Income (NFI) 7,404 9,694 31%
Total income 29,540 39,957 35%
Admn & other expenses 18,377 20,215 10%
Profit before provision and tax 11,163 19,742 77%
Provisions 773 1,975 155%
Profit before tax 10,390 17,767 71%
Taxation 3,372 6,967 107%
Profit after taxation 7,017 10,800 54%
Earnings Per Share - Rupees 5.57 8.57 54%

Askari Bank Limited – Financial Highlights 3


Key Ratios – as of December 31, 2020
Askari Bank
Earnings YE '19 YE '20
Return on core equity 20.1% 25.5%
Return on assets - annualized 0.9% 1.2%
Performance
Cost to income ratio 62.2% 50.6%
Advances to deposits 54.9% 50.0%
Investments to deposits 45.0% 56.8%
Non-remunerative to total deposits 28.7% 31.8%
Asset Quality
NPLs to gross advances 7.1% 6.7%
Provision coverage 91.1% 93.1%
Net NPLs to net advances 0.7% 0.5%
Capital
Capital Adequacy Ratio 13.4% 15.5%
Leverage Ratio 3.5% 3.6%
Market
Price earning (PE) - times 3.3 2.7
Price to book value - times 0.6 0.5

Askari Bank Limited – Financial Highlights 4


Deposits – as of December 31, 2020
Rupees in million YE. '19 YE. '20 Change
DEPOSITS
Current 194,843 251,457 29.1%
Savings 362,439 437,432 20.7%
Term 122,017 102,298 -16.2%
Total Deposits 679,299 791,187 16.5%

Total deposits CASA


Term

791
13% Current
679

32%
574
526

689
473

557

Savings
486
443
386

55%

YE.`16 YE.`17 YE.`18 YE.`19 YE.`20

Askari Bank Limited – Financial Highlights 5


Advances & Assets’ Quality – as of December 31, 2020
450 10.9% 12.0%
ADVANCES CONCENTRATION
400 9.4%
10.0%
350 Public / Government
300 7.2% 7.1% 8.0%
6.6% Individuals
250
6.0% Services/ Others
200
150 4.0% Textile & Leather Products
100 Power
284
262

369

399

422
2.0%
50 Rice, Sugar & Agri
- 0.0%
Chemical and Pharmaceuticals
YE.`16 YE.`17 YE.`18 YE.`19 YE.`20
Cement, Construction & Mining
Gross Advances NPLs Ratio

3%5%
7%
40.0 94.5% 95.9% 98.1% 100.0% 31%
93.0% 95.0%
7%
91.1%
30.0
90.0%
20.0 85.0% 12%
80.0%
10.0 8%
27.0

25.6
28.5

26.8
25.6

26.7
26.2

28.1

28.4
26.4

75.0%
- 70.0%
YE.`16 YE.`17 YE.`18 YE.`19 YE.`20 27%
NPLs Provision Held Coverage

Askari Bank Limited – Financial Highlights 6


Investments – as of December 31, 2020

Rupees in million YE. '20 YE. '19 Change


INVESTMENTS GoP Securities
Other debt Instruments
Market Treasury Bills 122,066 129,094 -5.4%
Shares
Pakistan Investment Bonds 282,938 138,589 104.2% Foreign
TFCs / Sukuks 24,574 20,963 17.2% 1%
Shares / Units 6,295 7,423 -15.2% 7% 1%
Euro bonds 6,748 6,629 1.8%
GOP Bai Mujjal 5,246 5,246 0.0%
Foreign securities 3,859 3,407 13.3%
Investments at cost 451,726 311,352 45.1%
91%

Askari Bank Limited – Financial Highlights 7

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