Full Report of A Student

FINAL PROJECT ON BANKING OPERATIONS
Presented To: Mr.ASHFAQ Presented By: FARHAN BUTT Roll No. 21045 Registr tion No. 04!PST!4"#2
MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.
ACKNOWLEDGRMENT
All Pr ise $%e to All &' t&e Most Mer(i)%l' T&e Most Forgi*ing' T&e Most +enero%s' T&e (ontroller o) He rts nd + ,es' And t&e All -no.ing o) T& t /&i(& is o0en t& t .&i(& is &idden. /e 0r ise H1M .it& Pr ise t& t is e2tern l' t&ro%g&o%t t&e nig&t nd T&e $ y. 3onse4%ently' .e & *e t 5en %0on 6y %n.ort&y S&o%lders t&e res0onsi7ility o) 0re0 ring t&e Fin l 0ro8e(t. /e )ell &ig&ly inde7ted nd gr te)%l nd (onsider it o%r d%ty to e20ress o%r t& n5s to: A9M1+HT: A99AH: For t&e g%id n(e' Strengt& nd (o%r ge e6 n ting Fro6 H1M' in ((o60lis&6ent o) T&e Present 8o7. ;%r &onor 7le Sir Moneer B%tt <3&ie) M n ger SBP +U=>: For sending %s in t&e 0i(i( 3o66er(i l B n5 9i6ited' S.1.? Br n(& in order to le rn nd to do 0r (ti( l 8o7. ;%r Res0e(t 7le Sir - s&i) A57er nd Sir Asi) For t&e &el0 nd d*i(es gi*en to %s )or T&e Pre0 r tion o) t&e Assign6ent. St )) in t&e 7r n(&' es0e(i lly B &, d R s&eed <3&ie) M n ger' Pi(i( 3o66er(i l 7 n5 S.1.? Si l5ot>' SirA. is 5 ,6i <;+@ ;))i(er' Pi(i( 3o66er(i l B n5 9i6ited S.1.S.Si l5ot>: For t&eir i60ort nt role in t&e (o60letion o) t&is ssign6ent.
FARHAN BUTT Roll No. 21045 Registr tion No. 04!PST!4"#2
THE HOLLY QURAN SAYS,

'
O mankind If You have a dou ! a ou! !he "e#u""e$!ion %$on#ide"& !ha! 'e $"ea!ed (ou ou! of du#!) !hen ou! of S*e"m) !hen ou! of a ea$h +ike $+o!h) !hen ou! of a mo"#e+ of f+e#h) *a"!+( fo"med and *a"!+( unfo"med) in o"de" !ha! 'e ma( manife#! %Ou" Po'e"& !o (ou, and -e $au#e 'hom 'e 'i++ !o "e#! in !he 'om # fo" an a**oin!ed !e"m) !hen do -e "in. (ou ou! a# a ie#) !he %fo#!e" (ou&Tha! (ou ma( "ea$h (ou" a.e of fu++ #!"en.!h, and Some of (ou a"e $a++ed !o die) and #ome a"e #en! a$k !o !he fee +e#! o+d a.e) #o !ha! !he( kno' no!hin. af!e" havin. kno'n mu$h)/
0o+( 1u"an/
$edi( ted To Most 9o* 7le 0ersons AMy Mot&er B F t&erC /&o Pr yed For Me nd S%00orted 6e For Hig& ?d%( tion
/e Are Re lly T& n5ing F%ll to o%r instit%tion nd te (&er .&o gi*es ;00ort%nity to do t&is Pro8e(t. 1t is o%r 0ri*ilege nd &onor t& t .e 6 5e t&is 0ro8e(t nd .e g in gre t e20erien(e o) 5no.ledge. T&is Pro8e(t 7 se on 7 n5ing o0er tion so .e re *ery t& n5 )%ll to ll t&ose 7 n5s .&i(& gi*es %s in)or6 tion 7o%t o0er tion nd 7 n5 (ti*ities. /e &o0e t&is 0ro8e(t .ill &el0 t&e st%dent o) )in n(e nd (o66er(e rel ted 0eo0le .&o . nt to 5no. 7o%t t&e 7 n5ing o0er tion.
Sign t%reDDDDDDDDDDD
Table of Contents
Evo+u!ion of Bankin.2222222222223345 Comme"$ia+ Bankin. in Paki#!an222222246 P"e Na!iona+i7a!ion *e"iod2222222222346 Na!iona+i7a!ion *e"iod222222222222348 Po#! Na!iona+i7a!ion *e"iod22222222233349 Pi$i$ Comme"$ia+ Bank Limi!ed22222223334: %0i#!o"i$a+ Ba$k."ound& ;i#ion %Pi$i$ Comme"$ia+ Bank Limi!ed222234< =i##ion %Pi$i$ Comme"$ia+ Bank Limi!ed222334> =ana.emen! of !he O".ani7a!ion2222222354 0ie"a"$h( of =ana.emen!22222222223356 =edio$"e Leve+ =ana.emen!222222222358 Fie+d# of A$!ivi!ie# of PICIC222222222259 Ca#h ?e*a"!men!22222222222222335: ?e*o#i! ?e*a"!men!222222222222235@ C+ea"in. ?e*a"!men!2222222222222AA Remi!!an$e# ?e*a"!men!2222222222265 Te$hno+o.( ?e*a"!men!22222222222366 B"an$he# Ne!'o"k2222222222222268 =ana.emen! Of The B"an$h %PICIC& 22222236< Info"ma!ion a ou! =( B"an$h2222222226> -o"k ?one B( =e22222222222222384 Finan$ia+ Ana+(#i#2222222222222288 Ove"a++ Revie'222222222222222333:5 Ra!io ana+(#i#2222222222222223333:A Re$ommenda!ion222222222222223@A Con$+u#ion222222222222222223@8
EVOLUTION O !ANKING
T&e .ord EB n5F is s id to & *e 7een deri*ed )ro6 t&e .ords B n(%s or B n4%e or B n5. T&is &istory o) 7 n5ing is tr (ed to s e rly s 2000 B.3.T&e Priests in +ree(e Used to 5ee0 6oney nd * l% 7les o) t&e 0eo0le in te60les. T&ese 0riests t&%s (ted s )in n(i l gents.. T&e origin o) 7 n5ing is lso tr (ed to e rly golds6it&s. T&ey %sed to 5ee0 strong s )es )or storing t&e 6oney nd * l% 7les o) t&e 0eo0le. T&e 0ersons .&o & d s%r0l%s 6oney )o%nd it s )e nd (on*enient o) de0osit t&eir * l% 7les .it& t&e6. T&e )irst st ge in t&e de*elo06ent o) 6odern 7 n5ing t&%s . s t&e ((e0ting o) de0osits o) ( s& )ro6 t&ose 0ersons .&o & d s%r0l%s 6oney .it& t&e6. T&e golds6it&s %sed to iss%e re(ei0ts )or t&e 6oney de0osited .it& t&e6 t&ese re(ei0ts 7eg n to 0 ss )ro6 & nd to & nd in settle6ent o) tr ns (tion 7e( %se 0eo0le & d (on)iden(e in t&e integrity nd sol*en(y o) golds6it&s. /&en it . s )o%nd t& t t&ese re(ei0ts .ere )%lly ((e0ted in 0 y6ent o) de7tsG t&en t&e re(ei0ts .ere dr .n in s%(& . y t& t it entitled ny &older to (l i6 t&e s0e(i)ied 6o%nt o) 6oney )ro6 golds6it&s. de0ositor .&o is to 6 5e t&e 0 y6ent 6 y no. get t&e 6oney in ( s& )ro6 golds6it&s or 0 y o*er t&e re(ei0t to t&e (reditor. T&ese re(ei0ts .ere t&e e rlier 7 n5 notes. T&e se(ond st ge in t&e de*elo06ent o) 7 n5ing t&%s . s t&e iss%e o) 7 n5 notes. T&e golds6it&s soon dis(o*ered t& t ll t&e 0eo0le .&o & d de0osited 6oney .it& t&e6 do not (o6e to .it&dr . t&ere )%nds in ( s& .t&ey )o%nd t& t only )e. 0ersons 0resented t&e re(ei0ts )or en( s&6ent d%ring gi*en 0eriod o) ti6e. T&ey lso )o%nd t& t 6ost o) t&e 6oney de0osited .it& t&e6 . s lying idle. At t&e s 6e ti6eG t&ey )o%nd t& t t&ey .ere 7eing (onst ntly re4%ested )or lo n on good se(%rity. T&ey t&o%g&t it 0ro)it 7le to lend t le st so6e o) t&e 6oney de0osited .it& t&e6 to t&e needy 0ersons. T&is 0ro*ed 4%ite 0ro)it 7le 7%siness )or t&e golds6it&s. T&ey inste d o) (& rging s )e 5ee0ing (& rges )ro6 t&e de0ositor 7eg n to gi*e t&e6 interest on t&e 6oney de0osited .it& t&e6. T&is . s t&e t&ird st ge in t&e de*elo06ent o) 7 n5ing. ?EFINATION OF A BANKB T&e ter6 E7 n5F is 7eing %sed )or long ti6e' yet it & s no 0re(ise de)inition. T&e 7 si( re son is t& t t&e (o66er(i l 7 n5s 0er)or6 not one 7%t 6 ny ty0es o) )%n(tions. T&e ter6 & s 7een de)ined di))erently 7y di))erent %t&ors. So6e re s )ollo.s: A((ording to 3ro.t&er' AB n5 is de ler in de7ts &is o.n nd o) ot&er 0eo0le.C
2 A$$o"din. !o G3-3 Gi+ e"!) AA 7 n5er is de ler in ( 0it l or 6ore 0ro0erly de ler in 6oney. He is n inter6edi te 0 rty 7et.een t&e 7orro.er nd t&e lender. He 7orro.s )ro6 one 0 rty nd lends to not&er.C A$$o"din. !o Bankin. $om*anie# o"dinan$e 5>:A %Hs@<B> o) 7 n5ing 3o60 nies ;rdin n(e 1IJ2 A B n5er 6e ns 0erson tr ns (ting t&e 7%siness o) ((e0ting )or t&e 0%r0ose o) lending or in*est6ent' o) de0osits o) 6oney )ro6 t&e 0%7li(' re0 y 7le on de6 nd or ot&er.ise nd .it&dr . 7le 7y (&e4%e' dr )t' order or ot&er.ise nd in(l%des ny Post ;))i(e S *ings B n5.C
CO==ERCIAL BANKING IN PAKISTAN

T&e interesting 0oint .&i(& 1 o7ser*ed d%ring t&e s0 n o) 6ine interns&i0 . s t&e &istori( l 7 (5gro%nd o) B n5ing B Fin n(i l se(tor .&is& is t&e one in .&i(& gre t i60ro*e6ent nd gro.t& is o7ser*ed sin(e t&e )or6 tion o) P 5ist n. For st%dying t&e gro.t& o) t&is se(tor .e ( n di*ide it into t&ree st ges' .&i(& re s )ollo.s: > Pre!N tion li, tion Period 7> N tion li, tion Period (> Post N tion li, tion Period
P"eCNa!iona+i7a!ion Pe"iod
T&ere .ere only t.o M%sli6 7 n5s in indo 0 5 7e)ore 0 rtition' t&ey .ere: H 7i7 B n5 9td.<est7. 1n 1I41 t Bo67 y> nd A%str li B n5 9td.<est7 in 1I44 t 9 &ore>. All ot&er 7 n5s' t t& t ti6e' .ere eit&er o.ned 7y Hind%s or )oreigners. At t&e ti6e o) 0 rtition t&ere .ere J@1 7 n5 7r n(&es in re .&i(& ( 6 %nder P 5ist ni (ontrol. B%t d%e to 7lood s&ed nd *iolen(e t l rge s( le' 6ostly 7r n(&es .ere (losed nd t&e dis0 rity ( n 7e ssessed )ro6 t&e ) (t t& t only =%ly 1I4# t&ere .ere 1I5 7r n(&es .it& de0osits o) Rs.##(rore <##0 6illion> only. Also ) (tor l gging in P 5ist ni ind%stry . s (entr l 7 n5 o) its o.n' 7y t& t ti6e reser*e 7 n5 o) 1ndi . s (ting s (entr l 7 n5 )or 7ot& (o%ntries nd s 6e (%rren(y notes .ere %sed in 7ot& territories. B%t reser*e 7 n5 o) 1ndi . s 7 sed nd set do.n P 5ist n on 6 ny o(( sions s%(& s t&e iss%e o) )o%nds tr ns)er et(. 1n t&is 0eriod dr sti( ste0s .ere t 5en in go*ern6ent se(tor )or t&e i60ro*e6ent o) o*er ll 0osition. T&e 0ri* te se(tor lso res0onded to t&ese (& nges nd so6e *ery 0ositi*e (& nges .ere o7ser*ed. So6e o) t&e t&e ste0s t 5en 7y t&e go*ern6ent in t&is reg rd .ere s %nder: 1> 1n %g%r tion o) St te B n5 o) P 5ist n <SBP> on 1st =%ly' 1I4#. 2> Setting %0 o) N tion l B n5 o) P 5ist n in No*e67er' 1I4I to (ontrol @> t&e A8%teC in ? st P 5ist n nd to (t s gent o) SBP. 4> 9 rger 0o.ers .ere gi*en to SBP t&ro%g& SBP (t <1I5J> )or (ontrolling 0%r0oses. 5> B n5ing (o60 nies ordin n(e 1IJ2 )or 0rote(tion nd g%id n(e to 7 n5s. ?st 7lis&6ent o) s0e(i li,ed 7 n5s' s%(& s A$BP<1I52>G > HBF3 <No*'1I52> 7> P1313 <;(t'1I5"> (> 1$BP <A%g' 1IJ1> d> N$F3 <= n' 1I"@>
4 T&ese .ere t&e ste0s' .&i(& 7%ilt strong 7 n5ing se(tor in P 5ist n. T&is is lso o7*io%s )ro6 t&e ) (ts t& t 7y 1I"@ t&ere .ere l6ost 10 )oreign 7 n5s .ere .or5ing in P 5ist n nd ll o*er de0osit 0osition . s ro%nd Rs2@00 (rore <2@'000 6illion>. A 7ird eye *ie. o) 5 to0 7 n5s . s s gi*en 7elo.:
BANK POSITION IN 5>@6

BANHB9 NBP UB9 M3B AB9 P1313 N; ;F BRAN3H?S JJ" 5"I 4I" 50J 145 "5 $?P;S1TS J'1J0 5'JJ0 5'J"0 1'J40 5"0 425
B& NATIONALIDATION PERIO?

;n = n 01' 1I"4 ll P 5ist ni 7 n5s .ere n tion li,ed t&ro%g& N tion li, tion A(t 1I"4. Under t&is l . ll P 5ist ni 7 n5s 7e( 6e 0%7li( 0ro0erty. All s6 ll 7 n5s .ere 6erged in 7igger 7 n5s to (re te 5 6 8or P 5ist ni 7 n5s. T&ese 7 n5s .ere to (ontrol 7y P 5ist n B n5ing 3o%n(il. T&ere re still (ontro*ersies 7o%t t&is (t o) go*ern6ent s .&et&er it (ontri7%ted in s%((ess o) ) il%re o) 7 n5s. Ho.e*er t&e 6 8or (& nges )ter n tion li, tion .ere s )ollo.: /or5ing o) 7 n5s . s e2tended to %nder de*elo0ed re s. M r5et e20 nsion )or (redit nd de0osits. $e(re se in ser*i(e le*el o) 7 n5 o))i(ers. $e(re se in 0ro)it 7ility s .ell. Ho.e*er t&e e))e(t o) e20 nsion . s enor6o%s nd it ( n lso 7e de0i(ted .it& t&e &el0 o) t 7le 2 .&i(& s&o.s t&e de0osit nd 7r n(& 0osition o) di))erent n tion li,ed 7 n5s.
BANK POSITION IN 5>>A

Bank HB9 NBP UB9 M3B AB9 P1313 No3 of B"an$he# 1I2J 144# 1J#4 12## "50 100 ?e*o#i!# %R#3 In =i++ion#& 15@'4@1 12#'J"I #"'4#2 50'01@ @@'"5" 22'225
1n 1II0 t&e go*ern6ent de(ided to den tion li,e ll t&e n tion li,ed instit%tes. So6e . s lso s%ggested in 7 n5ing se(tor. For t&is 0%r0ose' 6end6ents .ere 6 de to N tion li, tion A(t 1I"4 nd t.o n tion li,ed 7 n5s .ere 0ri* ti,ed. Along .it& t&is 0er6ission to o0en 7 n5s in 0ri* te se(tor . s lso gr nted. T&e r%les reg rding est 7lis&6ent o) ne. 7 n5s nd )or in(o6ing )oreign 7 n5s .ere lso rel 2ed. T&e t&ree 0ri* ti,ed 7 n5s re: > M3B t 5en %0 7y 0ri* te gro%0 in A0ril' 1II1 7> AB9 t 5en %0 7y its o.n e60loyees in Se0te67er' 1II1. (> UB9 t 5en %0 7y UA? 0 rty in 2002. A)ter t&ese (& nges l rge n%67er o) 0ri* te nd )oreign 7 n5s st rted t&ere o0er tion in P 5ist n nd t&e 0resent st t%s ( n 7e seen )ro6 t&e )ollo.ing )ig%res:
C& POST NATIONALIDATION PERIO?
SC0E?ELE BANKS
CATEGORY N tion li,ed (o66er(i l 7 n5s Pri* teH0ri* ti,ed (o66er(i l 7 n5s P%7li( se(tor s0e(i li,ed 7 n5s Foreign 7 n5s Tot l s(&ed%le 7 n5s NO OF BANKS @ 1# 4 1I 44
1n ddition to 7o*e 6entioned s(&ed%led 7 n5s t&ere re " de*elo06ent )in n(i l instit%tes' 14 in*est6ent 7 n5s nd 6od r7 & (o60 nies.
PICIC CO==ERCIAL BANK LI=ITE?

%0ISTORICAL BACKGROEN?&
No. let %s dis(%ss t&e &istori( l 7 (5gro%nd o) Pi(i( 3o66er(i l B n5 9i6ited. Be)ore se0 r tion o) 1ndo P 5' t&e need )or 6ore M%sli6s 7 n5s . s )elt. And M%sli6 & *e strong )in n(i l ( 0 (ity .ere t&in5ing to in*est in t&is se(tor s .ell. So in order to r ise t&e needed .or5ing nd )i2ed ( 0it l )or ind%stry in P 5ist n t&e go*ern6ent too5 so6e i60ort nt ste0s in t& t dire(tionG nd t&e est 7lis&ing o) t&e P 5ist n ind%stri l )in n(e (or0or tion <P1F3> 1n 1I4I . s one s%(& 6e s%resG 7%t its o0er tion .ere restri(ted to r%0ee lo ns only' nd llo.ed 6 inly to )in n(e ne. ind%stries. T&e (o%ntry needed ind%stri l 6 (&inery' te(&ni( l 5no.!&o. nd )oreign e2(& nge' .&i(& t&e P 5ist n ind%stri l )in n(e (or0or tion (o%ld not rr nge )or. T&ere)ore' not&er instit%tion' n 6ely P 5ist n 1nd%stri l 3redit nd 1n*est6ent 3or0or tion <P1313> . s est 7lis&ed in 1I5" )or t&e 0%r0ose o) r ising )i2ed ( 0it l )or l rge!s( le ind%stri l 0ro8e(ts. /&ile t&e +o*ern6ent o) P 5ist n & s 0ro*ided long ter6 R%0ee )%nd 7y . y o) lo n to t&e (or0or tion' t&e /orld B n5 & s llo.ed (redit in )oreign (%rren(ies. T&e 0 id!%0 ( 0it l or t&e 3or0or tion is Rs. 150 6illion' J@.41K o) .&i(& is &eld 7y 0ri* te in*estors nd )in n(i l in*estors nd )in n(i l instit%tion in P 5ist n nd @J.5IK 7y )oreign in*estors. T&e )oreign in*estors' 41 in n%67er' in(l%de )in n(i l instit%tion )or U.S.A.' U.-.' +er6 ny' Fr n(e' = 0 n.' S.it,erl nd nd 1t ly' @.51K o) t&e tot l 0 id o) ( 0it l is &eld 7y 1ntern tion l Fin n(e 3or0or tion. T&e 3or0or tion is 6 n ged 7y Bo rd o) $ire(tors .&i(& (onsists o) 20 6e67ers' o) .&o6 12 <in(l%ding 3& ir6 n> re ele(ted 7y P 5ist n s& re&olders' 5 )oreign s& re&olders' one 7y 1.F.3. nd 2 $ire(tors nd M n ging $ire(tors re 00ointed 7y t&e )eder l +o*ern6ent o) P 5ist n' .&ile t&e 3& ir6 n is ele(ted 7y t&e Bo rd o) $ire(tors nd t&e M n ging $ire(tors. P 5ist n 1nd%stri l 3redit nd 1n*est6ent 3or0or tionFs reso%r(es (o60rise o) its 0 id %0 ( 0it l long ter6 go*ern6ent lo ns nd (redit )ro6 )oreign +o*ern6ents nt intern tion l gen(ies. T&e (or0or tion lends 6oney )or 0eriod o) 0" to 15 ye rs nd (& rges interest t #!1H2K to 12!1H2K on r%0ee lo n nd 10!1H2K to11!1H2K on )oreign (%rren(y lo ns. T&e 6oney is rele sed s t&e 0ro8e(t d* n(es. 1n ( se ( se o) )oreign (%rren(y lo ns t&e (or0or tion 6 5es 0 y6ent dire(tly to t&e s%00liers 7ro dG nd re(o*eries re 6 de in se6i nn% l inst ll6ents 7eginning si2 6ont& to one ye r )ter t&e 0ro8e(t & s gone into o0er tion. P1313 0re)ers to )in n(e ind%stries 7 sed on lo( l r . 6 teri ls or t&ose .&i(& re ?20orts oriented or .o%ld res%lt in i60ort s *ing. T&e 3or0or tion s%78e(ts e*ery lo n 00li( tion to (lose s(r%tiny so s to deter6ine t&e )e si7ility o) t&e 0ro8e(t in ter6 o) )in n(i l st nding o) t&e
7 entre0rene%rs' t&e ( 0it l str%(t%re o) 0ro8e(t' t&e te(&ni( l l y!o%t nd s le 0ro8e(ts et(. T&e 0ro8e(t is lso e2 6ined in t&e lig&t o) 0riorities set %nder t&e N tion l $e*elo06ent 0l n. T&is 3or0or tion & s e2erted signi)i( nt i60 (t on n tion l e(ono6y. P1313 & s 7een gi*en li(ense 7y t&e St te B n5 o) P 5ist n )or 3o66er(i l 7 n5ing' nd s res%lt P1313 3o66er(i l B n5 & s (o6e into 7eing in 2002 s s%7sidi ry. P1313 is entering t&e )ield o) le sing nd ins%r n(e lso in ne r )%t%re.
?E;ELOP=ENTS
A)ter 0ri* ti, tion' t&e gro.t& in e*ery de0 rt6ent o) t&e 7 n5 & s 7een o7ser*ed. Follo.ing re so6e 5ey de*elo06ents: 1> 9 %n(&ing o) di))erent de0osit s(&e6es to in(re se s *ing le*el. 2> 1n(re sed 0 rti(i0 tion on )oreign tr de. @> Better6ent o) 7r n(&es nd st )) ser*i(e le*el. 4> 1ntrod%(tion o) R%0ee Tr *eler 3&e4%es B P&oto 3redit 3 rd )or t&e )irst ti6e in P 5ist n.
;ISION
To 7e Re(ogni,ed And ((e0ted As P 5ist nFs le ding 3o66er(i l B n5.
=i##ion
P1313 3o66er(i l B n5Fs Mission is: To & *e 7 se. To ser*e t&e 6 r5et t&oro%g& inno* ti*e 7 n5ing sol%tions. To o))er &ig& r te o) ret%rn to s& re&olders. To ) ster P 5ist nFs e(ono6i( 0ros0erity. To (re te good .or5 en*iron6ent )or di*ersi)ied nd st%lti)ied (%sto6er
e60loyees nd )oster te 6 .or5 nd ( reer de*elo06ent. To o0er te et&i( lly nd 6 int in tr ns0 ren(y in o0er tions.
=ana.emen! of !he O".ani7a!ion

BOAR? OF ?IRECTORS
Mr. M%& 66 d Ali Mr. / see6 H 44ie Mr. H sn in N ,i6 Mr.M n,oor A&6ed Mr.+%l 6 & ider Mr. A&6ed S l &%ddin Mr. R & t S eed -& n 3& ir6 n $ire(tor $ire(tor $ire(tor $ire(tor $ire(tor $ire(tor
1!
PRESI?ENT F C0IEF EGECETI;E OFFICER

Mr. R & t S eed -& n
C0IEF FINANCIAL OFFICER

Mr. A57 r A. 9 d 5
BOAR? AE?IT CO==ITTEE

Mr. H%sn in N ,i6 Mr. M%& 66 d Ali -&o8 <3& ir6 n> Mr. M n,oor A&6ed <Me67er>
REGISTERE? OFFICE
2nd B@rd Floors' S0en(er 7%ilding 1.1. 3&%ndrig r Ro d' - r (&i.
S0ARE REGISTRAR
TH- Asso(i tes <P*t> ltd +ro%nd )loor' St te 9i)e B%ilding No.@ $r.Li %ddin A&6ed Ro d' - r (&i.
AE?ITORS
MHs. -PM+ T seer H di B 3o. 3& rtered A((o%nt nts MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.
11
=ANAGE=ENT C 0EA? OFFICE

Mr. L ) r H. N 4*i President B 3&ie) ?2e(%ti*e ;))i(er Mr. R & t S eed -& n S?MP!He d o) HR B Ad6inistr tion Mr.T %see) A&6ed S?MP! He d o) 1n)or6 tion Te(&nology Mr. M noon H. F roo4i S?MP! 3redit Ad6inistr tion B 3ontrol Mr. A57 r A. 9 d 5 ?MP! He d o) Fin n(e B Pl nning Mr.H di Ali -& n ?MP! He d o) Fin n(i l instit%tions Mr. T ri4 A&s n ?MP!He d o) Tre s%ry Mr. M n,oor ?l &i ?MP! He d o) (o60li n(e Mr. A,i, A. 9 5& ni ?MP! He d o) Ris5 M n ge6ent Mr.S d 4 t -& n SMP! He d o) S0e(i l Asset M n ge6ent (ons%6er 7 n5ing Mr. N *eed ?l &i M li5 SMP! He d o) A%dit B ins0e(tion Mr.+& , n) r Ali -& n SMP! Syste6s B ;0er tions Mr. At&er Ali -& n SMP! 3orPor te A)) irs H S& res
12
REGION
Mr. A5&t r Ali -& n ?MPH ;))i(i ting RM+' 3entr l Region' 9 &ore.
Mr. R & t Ali ?MPH Lon l He d' 9 &ore So%t& Mr. Syed 16ti , Bo5& ri ?MPH Lon l He d' 9 &ore Nort&. Mr. L &id H%ss in Q%res&i ?MPH Lon l He d' +%8r n. l . Mr. F 4ir ?8 , Asg& r S?MPH RM+' Nort&ern Region' 1sl 6 7 d. Mr. S& &!e!Roo6 -& n S?MPH Lon l He d' N/FP' Pes& . r. Mr. S.T %4ir H ider Ri,*i ?MPH Lon l He d' R . l0indi.
13
0IERARC0Y OF =ANAGE=ENT
GRA?ES OF BANK
S?MP ?S?MP SMP MP AMP +RA$?!1 +RA$?!2 +RA$?!@ ASSISTANT
39?R13A9 STAFF 3ASH1?R T?3HN13A9 STAFF
N;N!39?R13A9 STAFF M?SS?N+?R $1SPAT3H R1$?R
14
=E?IOCRE LE;EL =ANAGE=ENT

T&e org ni, tion (& rt .it&in de0 rt6ent nd in di))erent is s )ollo.
$i*ision He ds Region l He d <?MP> Lon l He d <MP> Br n(& M n ger <MP' AMP' +RA$? 1' 2' @>
DDDDDDDDDDDDD.. DDDDDDDDDDDDD.. DDDDDDDDDDDDD.. DDDDDDDDDDDDD..
He d ;))i(e Region l ;))i(e Lon l ;))i(e Br n(&
15
FIEL? OF ACTI;ITIES OF PICIC

T&e 0%r0ose o) 7 n5s is to 0ro*ide so6e ser*i(es to t&e gener l 0%7li(. And )or t&is 0%r0ose di))erent 7 n5s 0ro*ide di))erent ser*i(es to t&e 0eo0le in di))erent )or6s. T&e P1313 3o66er(i l B n5 is (o66er(i l 7 n5' in 6odern ti6e (o66er(i l 7 n5s 0l y *ery i60ort nt role nd t&eir )%n(tion re 6 ni)old. T&e 6 in F%n(tion nd ser*i(es .&i(& P1313 3o66er(i l B n5 9i6ited 0ro*ides to di))erent 0eo0le re s )ollo.s. 1> ;0en $i))erent ((o%nts )or di))erent 0eo0les 2> A((e0ting * rio%s ty0es o) de0osits @> +r nting lo ns B d* n(es 4> Undert 5ing o) gen(y ser*i(es nd lso gener l %tility )%n(tions' )e. o) t&ose re s %nder: > 3olle(ting (&e4%es nd 7ill o) e2(& nge )ir t&e (%sto6er. 7> 3olle(ting interest d%e' di*idend' 0ensions nd ot&er s%6 d%e to (%sto6ers. (> Tr ns)er o) 6oney )ro6 0l (e to 0l (e. d> A(ting s e2e(%tor' tr%stee or ttorney )or t&e (%sto6ers. Pro*iding s )e (%stody nd ) (ilities to 5ee0 8e.ellery' do(%6ents or se(%rities. e> iss%ing o) tr *elers (&e4%es nd letters o) (redit to gi*en (redit ) (ilities to tr *el. )> A((e0ting 7ills o) e2(& nge on 7e& l) o) t&e (%sto6ers. g> P%r(& sing s& res )or t&e (%sto6er. & Undert 5ing )oreign e2(& nge 7%siness. i> F%rnis&ing tr de in)or6 tion nd tendering d*i(e to (%sto6ers. For 0ro0er )%n(tioning o) 7r n(&es nd t&e o*er ll 7 n5 & s 7een di*ided in di))erent de0 rt6ent. T&ese de0 rt6ents & ndle di))erent 8o7s so t& t di*ision o) .or5 is t&ere )or i60ro*e6ent o) )%n(tions nd lso it is e sy to (ontrol t&e sit% tion. T&e gener l di*ision in 7r n(& is s )ollo.s: 1> 3 s& de0 rt6ent 2> $e0osit de0 rt6ent @> Ad* n(es B (redit de0 rt6ent 4> Foreign e2(& nge de0 rt6ent Te(&nology de0 rt6ent <ne. ddition in order to (o0 .it& t&e needs o) d y to d y te(&nology re4%ire6ents>
16
CAS0 ?EPART=ENT
T&e )ollo.ing 7oo5s re 6 int ined in t&e ( s& de0 rt6ent: Re(ei*ing 3 s& Boo5 P ying 3 s& Boo5 To5en Boo5 S(roll Boo5 3 s& B l n(e Boo5 /&en ( s& is re(ei*ed in (o%nter' it is entered in t&e S(roll Boo5 nd re(ei*ing ( s& Boo5. At t&e (lose o) t&e d y' t&ese re 7 l n(ed .it& e (& ot&er. /&en t&e (&e4%e or ny negoti 7le instr%6ent is 0resented t (o%nter )or 0 y6ent' it is entered in t&e to5en 7oo5 nd to5en is iss%ed to t&e (%sto6er. T&e to5en (ler5 nd t&e ( s&ier 6 5e entries in t&e 0 ying 7oo5 nd 0 y6ent is 6 de to 0 yee. At t&e (lose o) d y' t&e to5en 7oo5 nd 0 ying 3 s&ier 7oo5 re 7 l n(ed. T&e (onsolid ted )ig%re o) re(ei0t nd 0 y6ent o) ( s& is entered in t&e ( s& 7 l n(e 7oo5 nd dr .n (losing 7 l n(e o) ( s&. O*enin. Ba+an$e H Re$ei*!# I Pa(men!# J C+o#in. Ba+an$e3 T&is is *ery i60ort nt de0 rt6ent 7e( %se ( s& is t&e 6ost li4%id ssets nd 6ostly )r %ds re 6 de in t&is de0 rt6ent' t&ere)ore' e2tr ( re is t 5en in t 5en in t&is de0 rt6ent nd no7ody is llo.ed to enter or le *e t&e re )reely. Mostly' ( s& re is grilled nd its door is %nder s%0er*ision o) t&e &e d o) t& t de0 rt6ent. All t&e 7oo5s 6 int ined in t&is de0 rt6ent re (&e(5ed 7y n o))i(er. 1. 2. @. 4. 5.
$?P;S1T $?PARTM?NT
B n5 de ls in 6oney nd t&ey re 6erely 6o7ili,ing )%nds .it&in t&e e(ono6y. T&ey 7orro. )ro6 )ro6 one 0erson nd lend to not&er' t&e di))eren(e 7et.een t&e r te o) 7orro.ing lending )or6s t&eir S0re d or gross 0ro)it. T&ere)ore .e ( n rig&tly st te t& t de0osits re t&e 7lood o) t&e 7 n5 .&i(& ( %ses t&e 7ody o) n instit%tion to get .or5. T&ese de0osits re li 7ility o) t&e 7 n5 so )ro6 0oint o) *ie. o) 7 n5 .e ( n re)er to t&e6 s li 7ilities. T&e tot l de0osits o) P1313 re gro.ing sin(e its in %g%r tion 7%t )ter 0ri* ti, tion t&ere is s& r0 in(line in o*er ll de0osits o) t&e 7 n5. T&e in(re se in de0osits is lso ( %se o) in(re se on tot l n%67er o) ((o%ntsG 7 n5 & s 0rogressed in 7ot& s0e(ts. TYPES OF ?EPOSITS $e0osits ( n 7e segreg ted on t.o 7 ses' one is t&e d%r tion in .&i(& t&ere )%nds re e20e(ted to 7e .it& t&e 7 n5 nd se(ond is t&e (ost o) getting t&ese )%nds. So di*ide de0osits in t.o (l sses ((ording to d%r tion o) de0osits i.e. 1> Ti6e de0osit H li 7ilities 2> $e6 nd de0osits H li 7ilities And on t&e 7 sis o) t&e (ost to (4%ire t&ese )%nds' de0osit ( n 7e (l ssi)ied s ny one o) )ollo.ing )o%r' Hig& 3ost Medi%6 3ost' lo. 3ost No 3ost. B n5s & s di))erent 5inds o) de0osit s(&e6es in order to ind%(e de0osits. T&ese s(&e6es re 6i2t%re o) t&e 7o*e 6entioned t.o ty0es o) de0osits .it& n ddition o) di))erent ser*i(es B re4%ire6ents s%(& s 6ini6%6 7 l n(e re4%ire6ent' 6ode o) tr ns (tion' 7 sis )or di))erent gro%0s. 1n t&e si6il r ) s&ion' P1313 & s l rge * riety o) de0osits s(&e6es nd so6e o) t&e6 re s )ollo.s: CERRENT AKC %C?&B 1n t&is ty0e o) ((o%nts t&e (lient is llo.ed to de0osit or .it&dr . 6oney s nd .&en &e li5es. He 6 y' t&%s' de0osits or .it&dr .s 6oney se*er l ti6es in d y i) &e li5es. T&ere is lso no restri(tion o) 6o%nt to 7e de0osited or .it&dr .n. Ho.e*er' t&ere is re4%ire6ent o) 6ini6%6 7 l n(e 6 inten n(e o) Rs. 1000H! Us% lly t&is ty0e o) ((o%nt is o0ened 7y t&e 7%siness6en. No 0ro)it is 0 id 7y t&e 7 n5 nd no ser*i(e (& rges re ded%(ted 7y t&e 7 n5 on (%rrent de0osits ((o%nt. T&ese ty0es o) de0osits re lso e2e60t )ro6 (o60%lsory ded%(tion o) L 5 t PLS SA;ING BANK AKC %SA&B T&is ty0e o) ((o%nt is )or t&ose 0ersons .&o . nt to 6 5e s6 ll s *ing. T&is ty0e o) ((o%nt is o0ened .it& 6ini6%6 de0osits o) Rs.1000H! Under t&is s(&e6e de0osits ( n 7e 6 de only %0 to (osting 6o%nt nd .it&dr . ls re llo.ed t.i(e .ee5 or # ti6es 6ont&. 1) 7ig 6o%nt is re4%ired se*en d ys noti(e is re4%ired 7e)ore t&e .it&dr . l. T&e 0ro)it is 0 id on t&ese ((o%nts on t&e 6ini6%6 7 l n(e d%ring 6ont& )or t&e .&ole o) t& t 6ont&. L 5 t B ot&er .it&&olding t 2es re ded%(ted s 0er r%les o) t&e go*ern6ent.
KES0ALI BAC0AT AKC %KBA&B T&is is n d* n(e )ro6 o) P9S s *ing H(' in t&is ty0e o) ((o%nt. T&e 6ini6%6 7 l n(e re4%ire6ent )or t&is ty0e is Rs. 2500H! t&ere is lso restri(tion on t&e n%67er o) .it&dr . ls s .ell' %0 to 4 ti6es in ( lend r 6ont&. For 6 int ining t&is e2tr 7 l n(e t&e (%sto6er gets t&e 7ene)its o) 0ro)it ( l(%l tion on d ily 0rod%(t 7 sis nd lso )ree ser*i(e o) st nding instr%(tion o) 0 ying %tility 7ills nd HBF3 inst ll6ents. All ot&er r%les o) s *ing ((o%nt re 00li( 7le. PLS 6:9 SA;ING AKCB T&is is s0e(i l ty0e o) s *ing ((o%nt in .&i(& (%sto6er 6 int ins 6ini6%6 7 l n(e o) Rs.@00'000H! nd in t%rn &e gets t&e 7ene)its o) d ily 0ro)it ( l(%l tion nd lso t&ere is no restri(tion on t&e 6 2i6%6 n%67er o) .it&dr . ls s . s t&ere in t&e ( se o) -BA. T&ere is lso not&er d* nt ge o) t&is s(&e6e t& t i) 7 l n(e on 0 rti(%l r d y ) lls 7elo. t&e 6ini6%6 7 l n(e t&en only t&e 0rod%(t o) t& t d y is ignored .&ere s in -BA' i) 7 l n(e ) lls 7elo. t&e 6ini6%6 li6it t&en ll t&e 0rod%(ts )or t& t 6ont& re ignored on in ot&er .ords no 0ro)it is 0 id )or t& t 6ont&. K0ANE= BAC0AT SC0E=EB T&ere is ty0e o) ter6 de0osit' in t&is ty0e o) de0osit 6 de 7y t&e ((o%nt &older in t&is ((o%nt )or 6ini6%6 o) 10 ye rs. A)ter t&e e20iry o) ter6' &e re(ei*es &is )%nds long .it& 0ro)it )or t&e tenor. T&e distin(ti*e )e t%re o) t&is 0rod%(t is t& t 0ro)it is ( l(%l ted on 6ont&ly 7 sis nd (& rged to ((o%nt on end o) e (& & l) ye r. T&en 0ro)it is lso ( l(%l ted on t& t 6o%nt o) 0ro)it .&i(& is (redited to t&e (%sto6erFs ((o%nt. So .e ( n s y t& t in t&is ty0e o) ((o%nt t&ere is (on(e0t o) ((%6%l ted 0ro)its on 0ro)it. T&is ends in getting &e *y ret%rn )or t&e de0ositor t t&e end o) tenor )or &is s6 ll s *ings. T&is 0rod%(t . s (t% lly introd%(ed to 0ro6ote s *ing & 7its in t&e 0eo0le. L 5 t nd .it&&olding t 2es re ded%(ted s 0er r%les only t t&e ti6e o) 6 t%rity .&ile 6 5ing 0 y6ent to t&e (%sto6er. 0AJJ =EBARIK SC0E=EB T&is is lso *ery (losely rel ted .it& -& n%6 B (& t s(&e6e. T&is . s designed to &el0 t&e 0ersons .&o re .illing to o))er H 88 7%t re %n 7le to s *e re4%ired )%nds. 1n t&is de0osits s(&e6es' 2 or @ ye rs gree6ent is entered .it& (%sto6er. $%ring t&is ti6e &e 5ee0s on de0ositing 6ont&ly de0osits nd &is ((o%nt is (& rged .it& t&e ((%6%l ted 0ro)its ( l(%l ted on J 6ont&ly 7 ses. T&e s(&e6e is so designed t& t tot l 6o%nt to 7e re(ei*ed t t&e end o) t&is s(&e6e (o6es e4% l to t&e nti(i0 ted (ost o) o))ering H 88 t t&e end o) tenor. L 5 t B.it&&olding t 2 re ded%(ted t t&e ti6e o) 0 y6ent.
=ONT0LY KES0ALI SC0E=EB T&is s(&e6e is si6il r to 3+3 in t&e sense t& t n initi l de0osit is 6 de in t&is ( se lso 7%t inste d o) l%60 s%6 0 y6ent t t&e end o) t&e tenor' t&e 0erson gets 6ont&ly 0ro)it on &is de0osit. Under t&is s(&e6e' t&e 7 n5 & s g% r nteed 6ini6%6 r te o) 1K 0er 6ont& 7%t %s% lly t&is r te is 6ore t& n 1K 0er 6ont&. L 5 t B .it&&olding t 2 re ( l(%l ted s 0er r%les l id do.n 7y t&e go*ern6ent. PLS TER= ?EPOSIT RECEITS %T?RLS& T&is is ty0e o) ter6 de0osit in .&i(& re(ei0t is iss%ed )or * rying tenors r nging )ro6 1 6ont& to 5 ye rs or 6ore. T&ese re in t&e )or6 o) re(ei0ts nd 0ro)it on t&ese re(ei0ts is 0 id 7i nn% lly. T&ese re(ei0ts re en( s& 7le )ter e20iry o) t&e 0eriod )or .&i(& t&ey .ere iss%ed. $i))erent 0ro)it r tes re 00lied to di))erent ty0e o) T$RFS SPECIAL NOTICE ?EPOSITS %SN?& Under t&is de0osit s(&e6e' de0osit is re(ei*ed )ro6 t&e de0ositor %nder (ert in 0eriod in ( se o) t&e (ondition t& t &e .ill inti6 te t&e 7 n5 7e)ore
.it&dr . ls. T&ere re t.o ty0es o) SN$s' T&ey re " d ys nd @0 d ys noti(e de0osits. T&e 0ro)it is 0 id on t&ese de0osits 7%t it is ne rly e4%i* lent to s *ing ((o%nt r te. FENCTIONS T&is . s 7rie) re*ie. o) di))erent ty0es o) de0osit s(&e6es. T&e de0osit de0 rt6ent & ndles t&e ((o%nt o0ening' 0ro)it 0 y6ent nd ((o%nting o) ll ty0es o) de0osit s(&e6es. ACCOENT OPENING A((o%nt o0ening is n gree6ent in .&i(& (%sto6er o))ers &is )%nds nd 7 n5 ((e0ts t&ese )%nds' t&ere)ore t&e n t%re o) rel tion 7et.een (%sto6er is o) (t re lso 00li( 7le. 7 n5er nd (ontr (t% l one nd ll t&e (onditions 00li( 7le to t&is (ontr (t
PROCE?ERE FOR OPENING Pro(ed%re )or o0ening o) ((o%nt is s )ollo.s: A 0erson' .&o . nts to o0en ny 5ind o) ((o%nt' & s to )ill in re %sed )or di))erent ty0es o) ((o%nts. B n5 %s% lly re4%ires t& t ne. de0ositor 6%st 7e introd%(er 7y so6e one. An introd%(er ( n 7e ny 0erson 5no.s to t&e 7 n5 7%t 0re)er 7ly it s&o%ld 7e (%sto6er o) t&e 7 n5. Ho.e*er' t&e 6 n ger ( n o0en t&e ((o%nt 7y &is o.n introd%(tion. 1) t&e 6 n ger is s tis)ied' it .ill o7t in t&e )%ll sign t%re o) t&e (%sto6er' on t&e )or6 nd s0e(i6en sign t%re ( rd' 6 5es t&e )irst de0osit' nd iss%es t&e (&e4%e 7oo5. T&e )ollo.ing re gi*en to t&e (%sto6er: P y in sli0 is t&e 0roo) o) de0osit. For e*ery 0 y6ent .&i(& is to 7e de0osited in t&e 7 n5' t&e 0 y in sli0 is to 7e )illed %0. T&e o78e(t o) t&is 7oo5 is to 0ro*ide t&e (%sto6er .it& t&e 7 n5Fs (5no.ledg6ent )or re(ei0t o) 6oney to 7e (redited t&is ((o%nt. 3&e4%e Boo5 (ont ins o) (&e4%e. P ss Boo5 is (o0y o) t&e (%sto6er ((o%nt s 00e rs in t&e 7oo5s o) t&e 7 n5. B l n(e is re(orded in t&is 7oo5 7y t&e (ler5. NOTEB 1> 1n ( se o) 0 rtners&i0 ((o%nt' 0 rtners&i0 deed s&o%ld 7e tt (&ed. 2> 1n ( se o) (o60 nies 6e6or nd%6 list o) dire(tors nd rti(le o) sso(i tion' lso (erti)i( te o) in(or0or tion' (erti)i( te )or (o66en(e6ent o) 7%siness' nd 7o rd resol%tion )or o0ening o) ((o%nt is o7t ined )ro6 t&e (%sto6er. n%67er o) (&e4%es. 1t en 7les (%sto6er to 6 5e .it&dr . l )ro6 t&is ((o%nt or 6 5e 0 y6ent o) * rio%s 0 rties 7y iss%e 0rinted )or6 .&i(& is 0ro*ided 7y t&e 7 n5' )ree o) (ost. Se0 r te ((o%nt o0ening )or6s
@> A((o%nts o) Tr%sts' ?2e(%tors B Ad6inistr tors ( n 7%t .it& t&e 0rior 00ro* l o) t&e He d ;))i(e.
lso 7e o0ened
Pro)it 0 y6ent B ( l(%l tion is done in ((ord n(e .it& t&e r%les o) e (& ty0e o) de0osit s(&e6e 7y t&e de0osit de0 rt6ent. T&e 0rod%(ts )or e (& de0osit s(&e6e re ( l(%l ted se0 r tely nd dded till t&e end o) J 6ont& 0eriod. T&en t&e s%6 tot l o) t&ese 0rod%(ts is 6%lti0lied .it& t&e res0e(ti*e 0ro)it r tes .&i(& re iss%ed 7y t&e He d ;))i(e t t&e end o) e (& & l) ye rly (losing. T&e 0ro)it 0ro*isions )or e (& ty0e o) de0osits re lso ( l(%l ted on 6ont&ly 7 sis 7y t&e s 6e de0 rt6ent in order to ( l(%l te t&e net 0ro)it or loss 0osition o) t&e 7r n(&. A((o%nting entries re lso 6 de in t&e res0e(ti*e 7oo5s o) ((o%nt 7y t&is de0 rt6ent. Ho.e*er' in s6 ll nd 6edi%6 si,e 7r n(&es' t&e ((o%nt nt 0er)or6s t&e 7oo5 5ee0ing d%ties )or ll 5inds o) ledgers.
CLEARING ?EPART=ENT
?*ery 7 n5er (ts 7ot& s 0 ying s .ell s (olle(ting 7 n5er' it is &o.e*er n i60ort nt )%n(tion o) (rossed (&e4%es. A l rge 0 rt o) t&is .or5 is ( rried o%t t&ro%g& t&e 7 n5ers (le ring &o%se. A (le ring &o%se is 0l (e .&ere re0resent ti*e o) ll 7 n5s o) t&e (ity get toget&er nd settle t&e re(ei0ts nd 0 y6ent o) (&e4%es dr .n on e (& ot&er. As t&e (olle(ting 7 n5er r%ns (ert in ris5s in re(ei0t o) t&eir o.ners&i0 t&e l . & s 0ro*ided (ert in 0rote(tion to t&e 7 n5s. T&e negoti 7le instr%6ent A(t' 1##1 l ys do.n t dr .er or &older o) (&e4%e or dr )t 6 y (ross t&e instr%6ent gener lly or s0e(i lly. 1t )%rt&er lies do.n t& t (rossed (&e4%e ( n only 7e 0 id to 7 n5er' .&o (olle(ts it )or (%sto6er in good ) it& nd .it&o%t negligen(e. TYPES OF C0E1EE COLLECTE? TRANSF?R 3H?QU?S Tr ns)er (&e4%es re t&ose (&e4%es' .&i(& re (olle(ted nd 0 id 7y t&e s 6e 7r n(& o) 7 n5. TRANSFER ?ELI;ERY C0E1EE T&ese re t&ose (&e4%es' .&i(& re (olle(ted nd 0 id 7y t.o di))erent 7r n(&es o) t&e s 6e 7 n5 sit% ted in t&e s 6e (ity. CLEARING C0E1EES 3le ring (&e4%es re t&ose (&e4%es' .&i(& re dr .n on t&e 7r n(&es o) so6e ot&er 7 n5 o) t&e s 6e (ity or o) t&e s 6e re ' .&i(& is (o*ered 7y 0 rti(%l r (le ring &o%se. No. d ys N1FT is 0er)or6s t&e d%ty o) (le ring &o%se. COLLECTING C0E1EES 3olle(ting (&e4%es re t&ose (&e4%es' .&i(& re dr .n on t&e 7r n(&es o) eit&er t&e s 6e 7 n5 or o) not&er 7 n5' 7%t t&ose 7r n(&es re not in t&e s 6e (ity or t&ey re not t&e 6e67er o) (le ring &o%se. FENCTION OF CLEARING ?EPART=ENT 1> To ((e0t tr ns)er' tr ns)er deli*ery' (le ring nd (olle(tion (&e4%e )ro6 t&e (%sto6er o) t&e 7r n(& nd to rr nge )or t&eir (olle(tion. 2> To rr nge t&e 0 y6ent o) (&e4%e dr .n on t&e 7r n(& nd gi*en )or (olle(tion to ny ot&er 7r n(& on P1313 or ny ot&er 6e67ers or s%7 6e67er o) t&e lo( l (le ring &o%se. @> To (olle(t 6o%nt o) (&e4%es dr .n on 6e67ers' s%7 6e67er o) lo( l (le ring &o%se' sent )or (olle(tion 7y P1313 7r n(&es' not re0resented t t&e lo( l (le ring &o%se.
CO==ON PROCE?ERE FOR ALL C0E1EES > Re(ei*ing nd s(r%tini,ing t&e (&e4%es nd ot&er de0osit instr%6ent' nd t&e 0 y in sli0 t t&e (o%nter. 7> Fi2ing t&e st 60s (> S(r%tiny nd re(ei0t 7y t&e %t&ori,ed o))i(er. d> Ret%rning t&e (o%nter )ile to t&e de0ositor. e> 3erti)i( te nd (on)ir6 tion 7y t&e o))i(er in (& rge o) t&e de0 rt6ent. )> Se0 r tion t&e (&e4%e into tr ns)er' tr ns)er deli*ery' nd (le ring (&e4%es. SCRETINY OF C0E1EES 1> T&e instr%6ent s&o%ld 7e neit&er st le' nor 0ost d ted. 2> 1) t&e instr%6ent is (rossed not negoti 7le it ( n 7e )or t&e t&ird 0 rty < n endorsee o) n order (&e4%e' or &older o) 7e rer (&e4%e>. @> T&e instr%6ent s&o%ld not 7e r ny %n %t&ori,ed lter tion. 4> T&e instr%6ent s&o%ld not 7e 6%til ted. 5> T&e 6o%nt in .ords nd )ig%res s&o%ld 7e s 6e. J> T&e instr%6ent s&o%ld 7e dr .n on ny lo( l 7r n(&. "> 1) (&e4%e is A(rossed A((o%nt P yeeFsC only or AP yeeFs ((o%ntC' it s&o%ld only 7e ((e0ted )or (olle(tion )or t&e 0 yeeFs ((o%nt. #> T&e (&e4%e or dr )ts s&o%ld not 7e (rossed s0e(i lly to ny ot&er 7 n5. I> A (&e4%e 0 y 7le to )ir6 s&o%ld not 7e ((e0ted )or (redited to 0 rtnerFs ((o%nt. 10> A (&e4%e 0 y 7le to one o) t&e 8oint ((o%nt &olders s&o%ld not 7e (olle(ted )or t&e 8oint ((o%nt .it&o%t t&e 0 yeeFs endorse6ent' or (onsent. 11> A (&e4%e dr .n 7y (%sto6er in t&e ( 0 (ity o) gent' ttorney' or M n ger o) &is (o60 ny or )ir6' s&o%ld not 7e (olle(ted )or (redit to &is 0erson l ((o%nt. 12> P y order' lt&o%g& negoti 7le s&o%ld not 7e (olle(ted )or t&irty 0 rties. 1@> $o not (olle(t n instr%6ent in t&e ((o%nt o) n gent or o) t&e ser* nt o) t&e 0 yee or endorsee o) t&e instr%6ent. 14> ANot tr ns)er 7le C instr%6ent' li5e Telegr 0&i( Tr ns)er' or M il Tr ns)er Re(ei0t' 0 y sli0' nd Tre s%ry Re(ei0ts' s&o%ld 7e (olle(ted )or 0erson ot&er 0 yee. 15> 1) n ((o%nt is ne. or t&e 7 l n(e or o0er tion o) t&e ((o%nt is not s tis) (tory' s tis)y yo%r sel) 7o%t t&e title o) t&e (%sto6ers to t&e instr%6ents 7e)ore ((e0ting t&e de0osit. 1J> Br n(& gentFs 0er6ission s&o%ld 7e o7t ined 7e)ore ((e0ting t&ird 0 rty (&e4%e or dr )t )or t&e (redit o) t&e 6e67er. 1"> 1) t&e 0 yee is +o*ern6ent $e0 rt6ent' +o*ern6ent ;))i(i l' or tr%st ((o%nt t&e instr%6ent ( nnot 7e (olle(ted' 7%t )or t&e 0 yeeFs ((o%nt.
1#> All t&e endorse6ent s&o%ld 7e reg%l r' nd no endorse6ent s&o%ld 7e 6issing. NOTEB No (& rges re (& rged 7y t&e 7 n5 )or t&is 0%r0ose. NIFT % NATIONAL INSTITETION FACILITATION TECNOLOGIES& St te B n5 %t&ori,ed AN1FTC to (olle(t ll t&e s0e(i)ied (&e4%es o) t&e 7r n(& dr .n on di))erent 7r n(&es nd )ter t&e se0 r tion o) e (& 7r n(& (&e4%es' N1FT 0ro*ide * l% 7le (ontri7%tion in t&e )ield o) (le ring. T&e tot l 0ro(ess o) t&e (le ring (o60leted in s0e(i)ied ti6e. T&ere re t&ree ty0es o) (le ring. 1> 1n. rd (le ring 2> ;%t . rd (le ring @> 1nter(ity (le ring IN-AR? CLEARING At t&e *ery 7eginning o) t&e d y ll t&e 0re*io%s d y (&e4%e 0resented t&ro%g& ANi)tC' t&ese re ( lled in. rds (le ring o) t&e 7 n5. 1n .&i(& so6e .ere (le red nd so6e o) t&ese (&e4%es ret%rns ((ording to s0e(i)ied re son. OET-AR? CLERING 1n t&e (le ring de0 rt6ent di))erent lo( l (&e4%es .ere (olle(ted 7y t&e 7 n5' N1FT (olle(t t&ese (&e4%es 7y s 6e d y. T&ese (&e4%es re ( lled o%t. rd (le ring o) t&e 7 n5. INTERCITY CLEARING 1n t&e (le ring de0 rt6ent' so6e (&e4%es .ere o%tst tion nd 0resented t&ro%g& AN1FTC )or t&e s0e(i)ied 7r n(&' t&ese re ( lled inter(ity (le ring o) t&e 7 n5.
/e ( n s&o. so6e (le ring s(&ed%le s )ollo.s.
2JH0"H200"
I:00 6
N1FT 39?AR1N+ 0 ge 1 o) 1
S1A9-;T B n5
P1313 3;MM?R31A9 BAN- 9T$
BRAN3H NAM? R?3?1M?$ B: :;U
1T?MS
AM;UNT
0I01 SHAHABPURA 0I02 -ASHM1R R;A$ 4@01 $AS-A BRAN3H
50 25 10
@'@@@'1"2.00 2'025'"44.00 25'000.00
$?91M?R?$ B: :;U 0I01 0I01 SHAHABPURA 0I02 -ASHM1R R;A$ 4@01 $AS-A BRAN3H BAN- SUMMAR: T;TA9 R?3?31M?$ T;TA9 $?91M?R?$ N?T "0 20 5 1T?MS #5 I5 4'000'000.00 2' 00'000.00 1' 00'000.00 AM;UNT 5'@#'@I1J.00 4'@0'0000.00 10#@I1J.00 <A+A1NST>
2#H0"H200"
I:00 6
N1FT S1A9-;T 39?AR1N+ 0 ge 1 o) 1
B n5
P1313 3;MM?R31A9 BAN- 9T$
BRAN3H NAM? R?3?1M?$ B: :;U
1T?MS
AM;UNT
0I01 SHAHABPURA 0I02 -ASHM1R R;A$ 4@01 $AS-A BRAN3H
50 25 10
1'000'000.00 20'000.00 25'000.00
$?91M?R?$ B: :;U 0I01 0I01 SHAHABPURA 0I02 -ASHM1R R;A$ 4@01 $AS-A BRAN3H 100 50 25 1'000'000.00 100'000.00 100'000.00
BAN- SUMMAR:
1T?MS
AM;UNT
T;TA9 R?3?31M?$ T;TA9 $?91M?R?$ N?T
#5 1"5
1'045'000.00 1'200'000.00 15' 5000.00
<FAM?RAB9?>
N1FT S1A9-;T 25H0"H200" 14.00 P6 39?AR1N+ R?TURN PA+? 1 ;F 1
BRAN3H NAM?
1T?MS
AM;UNT
R?3?1M?$ B: :;U
0I01 SHAHABPURA
10
100'000.00
0I02 -ASHM1R R;A$
10'000.00
4@01 $AS-A
10'000.00
$?91M?R?$ B: :;U
0I01 SHAHABPURA
50'000.00
0I02 -ASHM1R R;A$
1'000.00
4@01 $AS-A
2'000.00
BAN- SUMMAR:
T;TA9 R?3?1M?$
1J
120'000.00
T;TA9 $?91M?R?$ N?T BA9AN3? <A+A1NST>
5@'000.00 J"'000.00
N1FT S1A9-;T 24H0"H200" 14.00 P6 39?AR1N+ R?TURN PA+? 1 ;F 1
BRAN3H NAM?
1T?MS
AM;UNT
R?3?1M?$ B: :;U
0I01 SHAHABPURA
50'000.00
0I02 -ASHM1R R;A$
1'000.00
4@01 $AS-A
2'000.00
$?91M?R?$ B: :;U
0I01 SHAHABPURA
10
100'000.00
0I02 -ASHM1R R;A$
10'000.00
4@01 $AS-A
10'000.00
BAN- SUMMAR:
T;TA9 R?3?1M?$
5@'000.00
T;TA9 $?91M?R?$ N?T BA9AN3? <FAM?RAB9?> N1FT
1J
120'000.00 J"'000.00
P1313 3;MM?R31A9 BAN- 91M1T?$ 9AH;R? T; S1A9-;T 1NT?R31T: 39?AR1N+
22H0"H200"
10.00 AM
R?3?1M?$
1T?MS
AM;UNT
0I01
SAHABPURA
15
500'000.00
$?91M?R?$ S1A9-;T T; 9AH;R? 1NT?R31T: 39?AR1N+
0401
9AH;R?
10
@00'000.00
T;TA9 R?3?1M?$
15
500'000.00
T;TA9 $?91M?R?$
10
@00'000.00
N?T BA9AN3? <A+A1NST>
200'000.00
N1FT
P1313 3;MM?R31A9 BAN- 91M1T?$ 9AH;R? T; S1A9-;T 1NT?R31T: 39?AR1N+
20H0"H200"
10.00 AM
R?3?1M?$
1T?MS
AM;UNT
0I01
SAHABPURA
10
@00'000.00
$?91M?R?$ S1A9-;T T; 9AH;R? 1NT?R31T: 39?AR1N+
0401
9AH;R?
15
500'000.00
T;TA9 R?3?1M?$
10
@00'000.00
T;TA9 $?91M?R?$
15
500'000.00
N?T BA9AN3? <FAM?RAB9?>
200'000.00
RE=ITTANCES
?E=AN? ?RAFT $e6 nd $r )t is .ritten order dr .n 7y 7r n(& o) 7 n5 %0on t&e 7r n(& o) s 6e or ny ot&er 7 n5 to 0 y (ert in s%6 o) 6oney to or to t&e order o) s0e(i)ied 0erson. 1> $e6 nd dr )t is negoti 7le instr%6ent. 2> 9eg l 0ro*isions re s t& t o) (&e4%e @> 1t is to 7e ens%red t& t 0%r(& ser ( n t le st sign. 4> T&%67 e20ression is not ((e0ted on $$ T&e )ollo.ing re t&e 0 rties. > 0%r(& ser 7> iss%ing 7r n(& (> dr .ee 7r n(& d> 0 yee A $e6 nd $r )t 6 7e iss%ed g inst t&e .ritten re4%est o) t&e (%sto6er 7e)ore iss%ing it 6%st 7e seen t& t t&e de6 nd dr )t is in order. SCRETINY OF APPLICATION T&e $$ 00li( tion 6%st 7e s(r%tini,ed 7y t&e (o%nter (ler5 in res0e(t o) )ollo.ing 0oints. A> T&ere s&o%ld 7e 7r n(& .&ere 0 y6ent is to 7e 6 de. B> F%ll n 6e o) t&e 0 yer s&o%ld 7e 6entioned 3> A6o%nt in .ords nd )ig%res 6%st 7e s 6e $> A00li( tion to 7e signed 7y t&e 0%r(& ser TELEGRAP0IC TRANSFER 1> Tr ns)er o) )%nds )ro6 one 7r n(& to not&er 7r n(& o) t&e s 6e 7 n5 or %0on ot&er 7 n5 %nder s0e(i l rr nge6ents. 2> Telegr 0&i( tr ns)er is not negoti 7le @> T&e )%nds re not 0 y 7le to 7e rer 4> Minor ( nnot * il t&is ) (ility PARTIES Follo.ing re t&e 0 rties in*ol*ed A> A00li( nt B> $r .ing 7r n(& 3> $r .ee 7r n(& $> Bene)i(i ry F%ll n 6e o) t&e 7ene)i(i ry or ((o%nt n%67er s&o%ld 7e 6entioned in t&e 00li( tion )or6. ?> 1nstr%(tion reg rding 6ode o) 0 y6ent s&o%ld 7e o7t ined. F> A re(ord in t&e re6itt n(e o%t. rd register s&o%ld 7e 6 int ined. +> All t&e re6itt n(e 6%st 7e (ontrolled t&ro%g& n%67er. PAY OR?ER
1> P y ;rder is 6e nt )or 7 n5 o.n 0 y6ent 7%t in 0r (ti(e t&ey re lso iss%ed to (%sto6ers. 2> A 0 y order is .ritten %t&ori, tion )or 0 y6ent 6 de in re(ei0t )ro6 iss%ed nd 0 y 7le 7y t&e 7 n5' to t&e 0erson n 6ed nd ddress. T&e )ollo.ing re t&e 0 rties A> 0%r(& ser B> iss%ing 7r n(& 3> 0 yee 3& rges 6%st 7e re(o*ered t 0res(ri7ed r te. P y order s&o%ld 7e 0re0 red li5e de6 nd dr )t. A re(ord o) ll iss%ed nd 0 id s&o%ld 7e 6 int ined. 3redit *o%(&er s&o%ld 7e 0re0 red.
TEC0NOLOGY ?EPART=ENT
Te(&nologi( l d* n(e6ent re lso e))e(ting t&e 7 n5ing ind%stry. T&e )oreign 7 n5s & *e (o60etiti*e edge o*er ll lo( l 7 n5s 1 t&eir te(&nologies' d* n(e6ent nd %to6 ted syste6s. 9o( l 7 n5s & *e lso re li,ed t&e gr *ity oil t&is sit% tion nd lso stri*ing to dd (o60%teri,ed syste6s to t&eir 7r n(&es. P1313 is &e d o) ll ot&er lo( l 7 n5s in t&is )ield nd t&ere re 6ore t& n 200 7r n(&es o) P1313 ll o*er P 5ist n nd ll t&e 7r n(&es re )%lly (o60%teri,ed. P1313 & s lso introd%(ed t&e no. (on(e0t o) online 7 n5ing. T&ere re 6ore t& n 200 7r n(&es lin5ed t&ro%g& t&is syste6 nd t&ey ( n tr ns (t .it& e (& ot&er dire(tly %sing (o60%ter syste6s t t&eir o.n 7r n(&es. No. (%sto6ers do not & *e to . it long )or t&ere tr ns (tions nd ( n o0er te t&eir ((o%nt t&ro%g& ll t&e online 7r n(&es. ATM N?T/;RATM st nds )or %to6 ti( teller M (&ine. T&is 6 (&ine is %sed to tr ns (t in oneFs ((o%nt .it&o%t inter*ention o) &%6 ns. T&ese 6 (&ines re 7 si( lly %sed )or t 5ing ( s&' (on)ir6ing 7 l n(es nd re4%esting st te6ents' (&e4%e 7oo5s. P1313 & s t&e l rge ATM net.or5 in t&e (o%ntry t t&e 6o6ent .it& l6ost one ATM t e (& online 7r n(&. T&is net.or5 (o*ers 6ore t& n t&e 50 (ities o) P 5ist n in(l%ding t&e 0ro*in(i l ( 0it ls nd l rge (o66er(i l (ities o) t&e (o%ntry. ATM re o0er ted t&ro%g& ( rd iss%ed to t&e * l%ed (%sto6ers nd 7y 00li( tion o) 0erson l identi)i( tion n%67er <P1N n%67er>. A 0erson ( n .it&dr . )ro6 ny 7r n(& o) P1313. T&is . s only 0ossi7le .it& t&e &el0 o) online syste6. 1n t&is syste6 ll t&e 6 (&ines re lined to (entr l 7 n5ing &ost t 1RM di*ision - r (&i t&ro%g& eit&er s tellite or tele0&one (ontroller. T&is syste6 identi)ies t&e ( rd &older nd &is P1N N%67er. P1313 /?BS1T? P1313 & s lso initi ted its o.n .e7site on internet .it& t&e ddress. ....0i(i(.(o6.05
BRANC0ES NET-ORK
BRAN3H 3;$? 0001 0002 000@ 0004 0005 000J 000" 000# 000I 0010 0011 0012 001@ 0014 0015 001J 001" 001# 001I 0020 0021 0022 002@ 0024 0025 002J 002" 002# 002I 00@0 00@1 00@2 00@@ 00@4 00@5 00@J 00@" 00@# 00@I 0040 0041 BRAN3H NAM? -ARA3H1 MA1N +U9SHAN!?!1QBA9 -ARA3H1 391FT;N BRAN3H -ARA3H1 =;$1A BALAR -ARA3H1 LAMLAMA -ARA3H1 H:$?R1 -ARA3H1 SHAHR!1!FA1SA9 -ARA3H1 N?/ 3HA991 -ARA3H1 $?F?N3? -ARA3H1 +U9SHAN!?!=;HAR -ARA3H1 S1T? -ARA3H1 SABA AM?NU? -ARA3H1 SHAH??$!?!M199AT -ARA3H1 SA$$AR -ARA3H1 N;RTH -ARA3H1 M.A =1NNAH R;A$ -ARA3H1 N;RTH NAP1?R R;A$ -ARA3H1 ST;3- ?N3HAN+? -ARA3H1 39;TH MAR-?T -ARA3H1 T1MB?R MAR-?T -ARA3H1 +AR$?N ?AST -ARA3H1 A9 SHAB1R AHM?$ USMAN1 -ARA3H -;RAN+1 1N$ AR?A -ARA3H1 =AMSH?$ QUART?RS -ARA3H1 -$A STA$1UM R;A$ -ARA3H1 P1$3 H;US? -ARA3H1 +U9BAHAR -ARA3H1 PA-1STAN 3H;/- -ARA3H1 FB AR?A -ARA3H1 TAR1Q R;A$ -ARA3H1 MA91R HA9T -ARA3H1 B;9TAN MAR-?T BA9A/A9 H;US? -ARA3H1 $HA PHAS?1 -ARA3H1 /?ST /HARF -ARA3H1 N1SHTAR R;A$ -ARA3H1 SH?R SHAH -ARA3H1 N;RTH -ARA3H1 $HA PHA?S11 -ARA3H1 RASHA$ M1NHAS R;A$ -ARA3H1 +U9LAR H1=R1 -ARA3H1
0042 004@ 00I0 00II 0101 0102 0201 0@01 0@02 0@0@ 0@04 0401 0402 040@ 0404 0405 040J 040" 040# 040I 0410 0411 0412 041@ 0414 0415 041J 041" 041# 041I 0420 0421 0422 042@ 0424
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0501 0J01 0J02 0J0@ 0J04 0J05 0J0J 0J0" 0J0# 0J0I 0J10 0"01 0"02 0#01 0#02 0#0@ 0I01 0I02 1001 1101 1201 1@01 1401 1J01 1"01 1#01 1I01 2001 2101 2201 2@01 2401 2501 2J01 2"01 2#01 2I01 @001 @101 @201
MU9TAN MA1N B9U? AR?A 1S9AMABA$ TH? MA99 RA/A9P1N$1 SAT?991T? T;/N RA/A9P1N$1 ST;3- ?N3HAN+? 1S9AMABA$ MAR-AL F!11 RA/A9P1N$1 31T: F!# MAR-AL 1S9AMABA$ T1MB?R MAR-?T RA/A9P1N$1 A$:A9A RA/A9P1N$1 1S9AMABA$ H1+H/A: P/$ FA1SA9ABA$ MA1N M199AT R;A$ FA1SA9ABA$ H:$?RABA$ MA1N MAR-?T AR?A H:$?RABA$ 9AT1FABA$ H:$?RABA$ S1A9-;T MA1N -ASHM1R R;A$ S1A9-;T SAR+;$HA +U=RAN/A9A +U=RAT MAR$AN 3HAMAN TAN$; A99AHTAR SAH1/A9 MA1N BAHA/A9PUR -ASUR MAN+;RA S/AT M1RPUR-HAS S1N$AH -HAR1:AN +U=AR -HAN MAN$1 BAHA/$1N SU--HAR N;/SH?RAH 9A9A MUSA /AL1RABA$ /AH 3ANTT =H?9UM -;HAT MURR??
@@01 @401 @501 @J01 @"01 @#01 @I01 4001 4101 4201 4@01 4401 4501 4J01 4"01
SHAH$A$PUR TAN$; A$AM ;-ARA +HA-HAR MAN$1 3HA-/A9 ATT;39A$-ANA =HAN+ -AM;-1 A1RP;RT R;A$ +A/A$AR $AS-A $1NA -UNR1 -AR1AN/A9A NA/ABSHAH
PICIC CO==ERCIAL BANK LI=ITE? =AIN BRANC0 S3I3E S0A0ABPERA SIALKOT

=ANAGE=ENT OF T0E BRANC0
Mr. B &, d R s&eed Mr. S r) r , 7 8. Mr. S& &id 1)ti5& r Mr. M 4sood A&6 d Mr. A6ir S eed Mr.1n y t +&ori Mr.M &6ood Mr. Adn n T &ir Mr. A. is - ,6i Mr.S&ei5& Asl 6 Mr.S lee6 B%tt Mr.As&r ) Mr.:o%s ) B%tt Mr.S l r B%tt Mr. Q 66er B & der Mr. As&) 4 A&6ed Mr. F r& n B%tt 3&ie) M n ger <AMP> ;0er tion l M n ger Foreign Tr de ;))i(er <;+1> Foreign Tr de ;))i(er Foreign Tr de ;))i(er Ad* n(es )in n(e ;))i(er Ad* n(es )in n(e ;))i(er 1 T 3ontrol ;))i(er <;+.1> ;B3 $e0 rt6ent <;+.@ ;))i(er> 3le ring $e0 rt6ent <;+.2 ;))i(er> A((o%nt ;0ening ;))i(er 3 s&ier 3 s&ier 3 s&ier $is0 t(& Ride Tr inee Tr inee
INFPR=ATION ABOET =Y BRANC0

1 did 6y )in l 0ro8e(t in P1313 3o66er(i l B n5 9i6ited S.1.? S & 70%r Si l5ot. And so6e i60ort nt in)or6 tion 7o%t 6y 7r n(& .&i(& 1 o7ser*ed re s )ollo.s GENERAL INFOR=ATION ?EPOSITS T&e tot l de0osit o) t&is 7o%t to 20".10 6illion. NE=BER OF ACCOENTS A((o%nts in t&is 7r n(& o) P1313 re s )ollo.s: CERRENT ACCOENT Tot l n%67ers o) (%rrent ((o%nts re 104I. PLS ACCOENT Tot l n%67er o) 0ro)it nd loss ((o%nts is 2120. RE=ITTANCE Tot l re6itt n(e o) t&is 7r n(& is 2J.22 6illion. NO OF ;OEC0ERS T&e *o%(&ers .&i(& T:P?S Tr ns)er 3le ring 3 s& R te o) interest 6 2i6%6 T& t gi*es to t&is ye r. RATE OF INTEREST T&e r te o) interest 0ro*ided 7y s%(& 7 n5 is 6ini6%6 4.45K 6 2i6%6 IK. FINANCING M ny s&ort ter6s )in n(ing s(&e6es re 7eing de lt &ere. CAPITAL 3 0it l o) t&e 7r n(& is tre ted in its He d ;))i(e. RE;ENEES nd re tr ns (ted in t&is 7r n(& re s )ollo.s: $?B1T 3R?$1T IJ1 I01 5I1 #10 1"54 1@#I 4.45K IK
T&e tot l re*en%es o) t&is 7r n(& re ne r to 11.25 6illion.
-ORK ?ONE BY =E
1n t&e P1313 3o66er(i l 7 n5 9i6ited' 1 re lly en8oyed .or5ing .it& t&e st )) o) S& & 70%r ro d 7r n(& nd & *ing .is& to 7e e60loyee o) P1313. 1t . s l6ost i60ossi7le to .or5 in ll t&e de0 rt6ents .it&in t& t li6ited ti6e. B%t on 6y re4%est' t&e st )) o) t&e 7r n(& 0ro*ided 6e t&e o00ort%nity to .or5 in t&e di))erent de0 rt6ent )or t&e s 5e o) 0r (ti( l 5no.ledge. 1 )ell &ig&ly inde7ted to .or5 in t&e S& & 70%r ro d 7r n(& on t&e re4%est o) t&e (&ie) 6 n ger o) t&e 7r n(& Mr. B &, d R s&ed' 7e( %se 1 le rn lot in t& t 7r n(&. $%ring 6y 0ro8e(t re0ort in t&e P1313 s 1 e rly 6entioned t& t 1 & *e .or5ed in di))erent de0 rt6ent B se ts le rnt t&e )ollo.ings. ETILITY BILLS COLLECTION P1313 3o66er(i l B n5 9i6ited (olle(ts %tility 7ills on 7e& l) o) /AP$A' S%i + s 3o60 nies' nd P 5ist n Tele(o66%ni( tion 3or0or tion 9i6ited 7y 0%tting t&e st 60 on t&e %tility 7ills A0 idC' $ te o) 0 y6ent' sign t%re o) t&e o))i(er re(ei*ing t&e %tility 7ills. A)ter re(ei*ing %tility 7ills list is 6 de on t&e )or6 .&i(& is ( lled 7ills s(roll )or6. ;ne (o0y o) t&e s(roll is .it& t&e 7 n5 )or e*iden(e .&ere s t&e origin l (o0y .it& t&e re(ei0t o) t&e 7ills is send to t&e 7illing de0 rt6ent o) t&e res0e(ti*e (or0or tion. T&e 7 n5 (& rge (o66ission on t&e 7ills. OPENING NE- ACCOENT BASICS $%ring t&e s0 n o) 6ine interns&i0 in P1313 1 le rned nd o7ser*ed lot o) 7o%t t&e o0ening o) n ((o%nt. B si( lly 1 t&in5 t& t t&e o0ening o) n ((o%nt is t&e est 7lis&6ent o) (ontr (t% l rel tions&i0 7et.een t&e 7 n5er nd t&e (%sto6er. By o0ening n ((o%nt t 7 n5 0erson 7e(o6es A3%sto6erC o) 7 n5. F%rt&er 1 6 going to e20ress t&e 7 si( re4%ire6ents nd ste0s in*ol*ed in t&e o0ening o) n ((o%nt. IN;ESTIGATION Be)ore o0ening n ((o%nt P1313 s li5e t&e ot&er 7 n5s in P 5ist n s(ert in .&et&er or not t&e 0erson .&o is going to o0en t&e ((o%nt is desir 7le (%sto6er or not. T&en P1313 deter6ine t&e 0ros0e(ti*e (%sto6erFs integrity' res0e(t 7ility' o((%0 tion nd t&e n t%re o) 7%siness 7y t&e introd%(tory re)eren(e gi*en t t&e ti6e o) ((o%nt o0ening. Negligen(e in t&is in)or6 l 0reli6in ry in*estig tion 6 y res%lt in serio%s (onse4%en(es not only )or t&e 7 n5er (on(erned dire(tly 7%t lso )or ot&er 7 n5ers nd t&e gener l 0%7li( .&o 6 7e ))e(ted indire(tly. 1n 9 d7ro5e B 3o.M Todd <1I14> t&e 7 n5er did not o7t in introd%(tion t t&e ti6e o) o0ening t&e ((o%nt' nd it . s (onstr%ed negligen(e .&i(& Se(tion #2 o) t&e 7ills o) ?2(& nge A(t 1##2. 1n order to )%rt&er strengt&en nd stre 6line t&is 0ro(ess' t&e Feder l ;67%ds6 n o) P 5ist n' *ide &is r%ling on (o60l int No. 11H@1H51#J' & s dire(ted t&e 7 n5s to ret in .it& t&e ((o%nt o0ening )or6 P&otost t (o0y e (& o) t&e N tion l 1denti( l 3 rd o) t&e 0erson desiring to o0en n ((o%nt s .ell
s t& t o) t&e introd%(er. As 0er t&ese dire(tions' t&e (on(erned 7r n(& M n gers re re4%ired to o7t in t&e origin l N tion l 1dentity 3 rds long .it& t&eir P&otost t (o0ies nd t&en ret%rn t&e origin l )ter ttesting t&e %t&enti(ity o) t&e ret ined (o0y. 0O- TO OPEN AN ACCOENT Be)ore o0ening n ((o%nt in P1313 1 o7ser*ed t& t t&e )ollo.ing 0oints 6%st 7e (onsidered in t&is reg rd. 1. Anot&er ((o%nt &older o) t&e 7 n5 s&o%ld 0ro0erly t&e ne. (%sto6er. 2. T&e ((o%nt &older s&o%ld sign t&e ((o%nt o0ening )or6 in t&e 0resen(e o) 7 n5 o))i(er nd t&e sign t%re is d%ly *eri)ied. @. A (o0y o) identity ( rd is re4%ired 7y 7 n5. 4. Ag inst s%76ission o) t&e 7 n5Fs 0res(ri7ed 00li( tion )or6' d%ly introd%(ed in t&e 6 nner 0ro*ided nd s%00lying s%(& do(%6ent' s 6 y 7e re4%ired nd ((o%nt 6 y 7e o0ened. T&e 7 n5 reser*es to itsel) t&e rig&t to re)%se to o0en nd ((o%nt .it&o%t ssigning ny re son. 5. ? (& ((o%nt s& ll 7e llotted distin(t n%67er t& t is to 7e 4%oted in ll (orres0onden(e .it& t&e 7 n5 rel tion to t&e ((o%nt. J. Mini6%6 6o%nt to o0en n ((o%nt is re4%ired reg rding t&e n t%re o) ((o%nt. PROCE?ERE TO OPEN AN ACCOENT A((ording to 6y 0r (ti(e in P1313' .&en (%sto6er . nts to o0en n ((o%nt' t&e 7 n5 o))i(er gi*es &i6 n 00li( tion )or6. All in)or6 tion' .&i(& is ne(ess ry to 7e 5no.n 7y t&e 7 n5' re re4%ire6ents o) t&e 00li( tion )or6. For6 lso re4%ires t&e essenti l do(%6ents to 7e tt (&ed 7y t&e (%sto6er. B si( lly )ollo.ing in)or6 tion is re4%ired to o0en n ((o%nt .it& P1313. 1> Title o) A((o%nt 2> F%ll n 6e o) 00li( nt @> ;((%0 tion 4> Address 5> Tele0&one No J> 3%rren(y o) ((o%nt "> N t%re o) B%siness #> 1ntrod%(erFs n 6e' ddress B sign t%res I> S0e(i l instr%(tion reg rding t&e ((o%nt 10>1niti l 6o%nt o) t&e de0osit 11>Sign t%re o) t&e 00li( nt PROCE?ERE TO 0ONOER A C0E1EE $%ring 6y interns&i0 tr ining in t&e P1313 3o66er(i l B n5 9i6ited' 1 o7ser*ed nd )o%nd (&e4%es re re(ei*ed )or t&e )ollo.ing 0%r0oses. A> For 3 s& P y6ents
B> 3>
For Tr ns)er For 3le ring
A& FOR CAS0 PAY=ENTS 3&e4%es .&i(& re 0resented on 7 n5 (o%nter 6%st 7e (&e(5ed in t&e )ollo.ing . y: 1> $ te 2> Sign t%re o) dr .er @> Sign t%re o) 0 yee 4> /&et&er 0 yee ((o%nt d%ly is t&ere 5> 1) (ondition 4 B5 e2ist t&en (&e(5 t&e sign t%re o) dr .er J> M t(& t&e )ig%re nd .ordily 6o%nt o) (&e4%e "> A (ross (&e4%e ( n not 7e ( s&ed B& C0E1EE FOR TRANSFER /&en (&e4%e re 0resented to 7e sent )or (olle(tion nd dr .n on 7 n5 sit% ted .it&in t&e (ity t&en t&ere re t&ree st 60s to 7e 0%t on ) (e s .ell s on 7 (5 o) (&e4%e. 1> 3rossing st 60 <) (e> 2> Tr ns)er st 60 <) (e> @> B n5 6 n ger st 60 <7 (5> C& C0E1EES FOR CLEARING T&ere re t&ree st 60s 0%t on e (& (&e4%e' sent )or (le ring. 1> 3rossing st 60 2> 3le ring st 60 @> M n ger st 60 C0E1EES IN COLLECTION First o) ll t&ese (&e4%es re re(orded in d y 7oo5 t&en llotted n%67er nd t&en seri l n%67er. T&en Per)or6 is 0re0 red in .&i(& 7 n5 on .&o6 . s dr .n' (&e4%e n%67er' 6o%nt' 7ene)i(i ry n 6e re re(orded. A)ter (o60leted t& t Per)or6 ' N1FT (olle(t ll t&e (&e4%e o) (le ring. CLEARING Follo.ing in)or6 tion is entered in (le ring register. 1> N 6e o) ) *oring 0 rty 2> N 6e o) 7 n5 on .&o6 dr .n @> Br n(& 4> 3&e4%e n%67er 5> A6o%nt 3le ring is sent )ter entering in register. 1n (le ring register )%t%re d te nd d y is P%tted.3&e4%es nd *o%(&ers re t&en se0 r tion nd (&e4%es re sent )or (le ring.
3&e4%es re sent to N1FT )ter t 5ing t&e6 on ( l(%l tor' t&eir tot l 6o%nt long .it& tot l n%67er o) instr%6ents. A s%66 ry is 0re0 red nd se led )ter noting t&e n%67er o) se l in s%66 ry. ISSEANCE OF C0E1EE BOOK $%ring 6y 0eriod o) interns&i0 in P1313 1 o7ser*ed t& t .&en ((o%nt is o0ened t&en (&e4%e is iss%ed to t&e (%sto6er )or dr .ing &is 6oney t 0er r%les. Follo.ing 0ro(ed%re is do0ting )or t&e iss% n(e o) (&e4%e. /&en (%sto6er o0en n ((o%nt .it& ((o%nt. Ho.e*er' t&e )irst (&e4%e 7oo5 is gi*en to t&e (%sto6er only .&en ll t&e re4%ired do(%6ent re (&e(5ed. A (&e4%e 7oo5 (ont ins ten' t.enty )i*e' )i)ty' or &%ndred le *es. T&e (&e4%e 7oo5 lso ( rries re4%isition sli0 )or t&e iss% n(e o) t&e ne. (&e4%e 7oo5. T&is sli0 is d%ly )illed nd singed 7y t&e (%sto6er. T&e sign t%re o) t&e (%sto6er is *eri)ied 7y t&e 7 n5 nd ne. (&e4%e 7oo5 is iss%ed to t&e (%sto6er nd seri l n%67ers o) t&e (&e4%e re d%ly entered in t&e 7oo5 o) t&e 7 n5. Along .it& t&e sign t%re' 0erson s&o%ld lso .rite &is )%ll n 6e B ddress. Us% lly only one (&e4%e 7oo5 is iss%ed t ti6e. T&e o))i(er 5ee0s nd 6 int ins t&e (&e4%e 7oo5 register (&e4%e 7oo5 in*entory nd (&e4%e 7oo5s iss%ed re re(orded in t&is register. T&e ((o%nt n%67er )or .&i(& t&e (&e4%e 7oo5 is iss%ed nd t&e n%67er o) le *es re lso re(orded in t&is register .&en t&e (&e4%e 7oo5 iss%ed n entry is 0 ssed in t&e (&e4%e 7oo5 iss%e register.
FINANCIAL ANALYSIS

BALANCE S0EET %ASSETS& AS ON 65ST ?ECE=BER A448C49C4:
Ru*ee# %444& A44: 1"#J"II1 21541I0 @@#"4J20 #IJ0I#21 "#I2@"@" @#25045 ###@1J@ 2@51@#5J"
I!em 3 s& nd 7 l n(e B l n(e .it& ot&er 7 n5 More t ( ll Bs&ort noti(e 1n*est6ent Ad* n(e Fi2ed ssets ;t&er ssets Tot l
A448 125"1424 4"5"41@ J0J4@@2 @J4#0I1@ #J@12"21 @4#2I50 1@#J2@05 1"4"150J@
A449 21255II00 @025J#I 154"051I 554@22@5 4J5#4120 @J5IJ4J 11400I0J 1#"05@515

I!em $e0osit B ot&er ((o%nt Borro.ing )ro6 7 n5 Bills 0 y 7le ;t&ers S& re ( 0it l Preser*e Un! 00ro0ri ted 0ro)it S%r0l%s on )i2ed ssets Tot l
BALANCE S0EET %LIABILITY& AS ON 65ST ?ECE=BER A448C49C4:

A448 1@5II014" 5#5J1I# "#0@44@ #4@#055 2202#55 122""J@0 @1#5 11##122 1"4"150J@
A449 154544451 #I4JJ24 #0I"1"# #5"#240 242@140 22"#I#0 2#@I40 1I00IJ2 1#"05@515
Ru*ee# %444& A44: 1#2"05"1J 21I#"#24 J2J1I5" I045J@4 2JJ5455 @02J51" J21I#5 5@#4I@4 2@51@#5J"

BALANCE S0EET %ASSETS& 0ORIDONTAL ANALYSIS AS ON 65ST ?ECE=BER A448C49C4:
I!em 3 s& B l n(e .it& ot&er 7 n5 Money t ( ll B s&ort noti(e 1n*est6ent Ad* n(e ;0er ting )i2ed ssets ;t&er ssets
Ru*ee# %444& In$"ea#e %?e$"ea#e& In$"ea#e %?e$"ea#e& A6o%nt K ge A6o%nt K ge #J##4"J JI.11 <@@I10I> <15.I5> <1"@1"24> <@JK> <#"14II> <2#.#0> 4J1#425 42.55 1#404101 11#.IJ 12@212## <I""@140> 552I0 <1#0@004> 2#.5# <11@.@1> 1.5@ <1@.J5> @41""5#IJ 2@@IJ1" 1J5@II <251""4@> J1.J5 @.05 4.51 22.#

BALANCE S0EET %LIABILITIES& 0ORIDONTAL ANALYSIS AS ON 65ST ?ECE=BER A448C49C4:
I!em $e0osit nd ot&er ((o%nt Borro.ings Bills 0 y 7le ;t&er li 7ilities S& re ( 0it l Reser*e )%nd B reser*e Un! 00ro0ri ted 0ro)it S%r0l%s on re* l% tion o) )i2ed ssets In$"ea#e %?e$"ea#e& A448CA449 A6o%nt K ge 1#554@04 1@.J4 <"I44051> 2I@"@5 1420J4 2202#5 1@50 2#00""5 "I1##I 4".0@ @."J 1.J# I.II 0.5 ##14.I "1.40 Ru*ee# %444& In$"ea#e %?e$"ea#e& A449CA44: A6o%nt K ge 2#1J12J5 1#22 1@041200 <1#@5221> 4J"@I4 242@15 "4"5@" @@#045 @4#@I"2 145."J 22.JJ 5.44 10 @2.#1 11I.05 1#@.2"

BALANCE S0EET %ASSETS& ;ERTICAL ANALYSIS AS ON 65ST ?ECE=BER A448C49C4:
i!em# 3 s& B l n(e .it& ot&er 7 n5 Money t ( ll B s&ort noti(e 1n*est6ent Ad* n(e ;0er ting )i2ed ssets ;t&er ssets Tot l A448 ".21K 2.0"@ J.22 24."1 4I.50 2.0" ".5" 100K A449 11@"K 1.J1 "."5 2I.J" 41 1.I5 J.10 100K Ru*ee# %444& A44: ".J0K 0.I2 14.41 @#.11 @@.5J 1.J2 @."# 100K

BALANCE S0EET %LIABILITIES& ;ERTICAL ANALYSIS AS ON 65ST ?ECE=BER A448C49C4:
I!em# $e0osit nd ot&er ((o%nt Borro.ings Bills 0 y 7le ;t&er li 7ilities S& re ( 0it l Reser*e )%nd B ot&er reser*es Un! 00ro0ri ted 0ro)it S%r0l%s on re* l% tion o) )i2ed ssets Tot l A448 "".#4K I.J" 4.4" 4.#@ 1.2J 1.@0 .001# .J@ 100K Ru*ee# %444& A449 A44: #2.J2K "#.#5K 4."# I.4I 4.@2 2."0 4.5I @.I0 1.@0 1.15 1.22 1.@0 .15 .2" 1.02 2.@2 100K 100K

PROFIT AN? LOSS ACCOENTS %INCO=E& FOR T0E PERIO? EN?E? ?ECE=BER A448C49C4:
ite6 1nterest H ret%rn e rned Fees H (o66ission 1n(o6e )ro6 de ling )oreign (%rren(y $i*idend in(o6e ;t&er in(o6e Tot l 2004 1424242 I0I045 J0I#@# 15#I0I 10#5J14 1J##"J4# R%0ees <000> 2005 200J 1"0@@225 15@#5#JI #J#J@" I0"0"1 J#"#54 50@5I@ 24@II4 400140 1I2@@#50 2I""4# ##1"4J 1"I"J02"

PROFIT AN? LOSS ACCOENTS %EGPENSES& FOR T0E PERIO? EN?E? ?ECE=BER A448C49C4:
I!em# 3ost H ret%rn on de0osit Ad6inistr ti*e e20ense Pro*ision )or di6in%tion t&e * l%e o) in*est6ent Pro*ision g inst non! 0er)or6ing d* n(e ;t&er 0ro*isions B d de7ts ;t&er (& rges Pro)it 7e)ore t 2 T 2 tion Tot l A448 "2@#J#0 "12#J5# 4J04# J01"II @0000 4#@I4@ @J"25 1@21"I5 5#"0JJ 1"4"4"14 Ru*ee# %444& A449 A44: "544#I" J0"4J#2 "@@1J2@ #0""@I5 J20J4 ! 1"04I44 40000 44#III 14" 21011"J II@000 2022J#50 ! ! "21105 1@1@ @101020 1@J242J 1I@@"I41

PROFIT AN? LOSS ACCOENT %INCO=E& 0ORIDONTAL ANALYSIS FOR T0E PERIO? EN?E? ?ECE=BER A448C49C4:
Ru*ee# %444& In$"ea#e %?e$"ea#e& A449CA44: A6o%nt K ge <1J4"@5J> <I.J"> @#4@4 <1#42J1> 5@"54 4#1J0J 44.42 <2J."#> 22 120.@5
I!em 1nterest Hret%rn e rned Fees' (o66ission et( 1n(o6e )ro6 de ling )oreign $i*idend in(o6e ;t&er in(o6e
In$"ea#e %?e$"ea#e& A448CA449 A6o%nt K ge 2I0#I#@ 20.J0 <4040#> "#01J #50#5 <J#5204> <4.44> 12."I 5@.54 <J@.11>

PROFIT AN? LOSS ACCOENT %EGPENSES& 0ORIDONTAL ANALYSIS FOR T0E PERIO? EN?E? ?ECE=BER A448C49C4:
Ru*ee# %444& 3ost H ret%rn on de0osit Ad6inistr ti*e e20ense Pro*ision )or di6in%tion Pro*ision g inst non! 0er)or6ing d* n(es ;t&er 0ro*isions B d de7ts Pro)it 7e)ore t 2 T 2 Amoun! @0J21" 202IJ5 1J012J 110@145 Ma.e 4.2@ 2.#4 @4."# 1#@.@0 Amoun! < 14"0215 > "45""2 < J20J4 > < 1"04@0# > Ma.e 1I.4# 10.1" < 100 > < 100 >
1000 <@4I44> ""I@#1 405I@4
@@ ".22 5#.IJ JI.14
< 4000 > 2"210J III#44 @JI42J
< 100 > J0J 4".5# @".20

PROFIT AN? LOSS ACCOENT %INCO=E& ;ERTICAL ANALYSIS FOR T0E PERIO? EN?E? ?ECE=BER A448C49C4:
I!em# 1nterest e rned Fees' (o66ission et( 1n(o6e )or de ling )oreign (%rren(y $i*idend in(o6e ;t&er in(o6e Tot l A448 #@.JK 5.@# @.J1 0.I4 J.4@ 100K A449 ##.5JK 4.52 @.5# 1.2" 2.0# 100K A44: #5.J0K 5.04 5.04 1.JJ 4.I1 100K

PROFIT AN? LOSS ACCOENT %EGPENSES& ;ERTICAL ANALYSIS FOR T0E PERIO? EN?E? ?ECE=BER A448C49C4:
1T?MS 3ost H ret%rn on de0osit Ad6inistr ti*e e20enses Pro*ision )or di6in%tion t&e * l%e o) in*est6ent Pro*ision g inst non! 0er)or6ing d* n(e ;t&er 0ro*isions B d de7ts ;t&er (& rges Pro)it 7e)ore t 2 T 2 tion Tot l 2004 K A+? 41.42 41 0.2J @.44 0.1" 2."J 0.21 4.5J @.@5 100K 2005 K A+? @".@0 @J.25 0.@0J #.42 0.20 2.25 00 10.@I 4.I0 100K 200J K A+? @1.41 41."J 00 00 00 @."2 .00J 1J.@5 ".05 100K
PERFOR=ANCE A445C A44:

<R%0ees in 6illion> A%t&ori,ed s& re ( 0it l P id %0 ( 0it l Reser*e )%nd B ot&er reser*es Tot l ssets < e2(l > (ontr $e0osits Ad* n(es 1n*est6ents 160orts ?20orts Ho6e re6itt n(e Pre t 2 0ro)it No o) 7r n(&es No o) e60loyees No o) ((o%nts 2001 2000 JJ@ 12010 "542" J2"#@ @0"5@ 2"#J4 @2"@4 1JI@1 @02@ @4J 12I0 1@"J# @41142" 200J @500 2JJ5 @02" 2@51@I 1#2"0J "#I24 #IJ10 4##42 2#2#4 @2IJ2 @10@ 1045 10I2J 44J@5@0
BALANCE S0EET %ASSETS&

0ORIDONTAL ANALYSIS CO==ENTS
3 s& is in(re sed in 2005 7%t de(re se in 200JG it s&o.s t& t t&e li4%idity 0osition o) t&e 7 n5 is going to 7e .e 5' so it is l r6ing sign )or t&e 7 n5. T&ere)ore 7 n5 s&o%ld t 5e ne(ess ry ste0s ((ording to t&e 0osition. T&ere is de(re sing trend in 7 l n(e .it& ot&er 7 n5s .&i(& is sign. neg ti*e
1n(re se in 6oney t ( ll nd s&ort noti(e' it 6e ns t& t (%sto6ers o) 7 n5 re *ery 0%n(t% l in 6 5ing 0 y6ents. T&ere)ore it is good sign )or t&e 7 n5. 1n t&e )ield o) in*est6ent t&ere is in(re sing trend .it& t&e 0 ss ge o) ti6e. 1t is (o66on ter6 o) )in n(e 6ore in*est6ent 6ore ret%rn. As .e 5no. t& t 6 in so%r(e o) 0ro)it o) 7 n5 is t&e di))eren(e 7et.een t&e 0er(ent ges o) interest' 7 n5s 0 y less r te o) interest t& n re(ei*ing t&e interest )ro6 t&e (%sto6ers. 1n t&is ( se d* n(e to (%sto6ers *ery lo. in 2004 7%t in(re se in 200J' it 6e ns t& t P1313 is r%nning *ery .ell. P1313 is in 0osition t& t it is e rning 6ore nd 6ore 0ro)it .it& 0 ss ge o) ti6e. T&en 7 n5 ( n 0%r(& se 6ore nd 6ore )i2ed ssets' nd it is 7 n5 is doing. Assets o) t&e 7 n5s re in(re sing d y 7y d y )or 0%r(& sing t&e ssets. More ssets 6e n t& t 7 n5 & s 6ore ( 0 (ity to 0 y o)) its li 7ilities. T&ere is in(re sing trend in )ield o) )i2ed ssets. 1t is d%e to 0%r(& se o) ne. ssets. ;t&er ssets & *e de(re sing trend .&i(& is not $e(re se in ssets de(re se t&e .ort& o) org ni, tion. 0ositi*e sign.
LIABILITIES
T&ere is in(re sing trend in de0osits nd ot&er ((o%nts .&i(& s&o.s t&e (redi7ility o) t&e 7 n5. Borro.ing is de(re sing in 2004 7%t t&ere is in(re sing trend in t&e ye r 2005. lt&o%g& it is seeing t& t 7 n5Fs 7orro.ing is in(re sing .it& t&e 0 ss ge o) ti6e .&i(& is not good sign 7%t t&ere is 0ositi*e t&ing in t&is 7e& l)' %s% lly 7 n5s 7orro. 6oney t t& t ti6e .&en t&ey .o%ld & *e to gi*e it )or e rning 6ore 0ro)it' 1 t&in5 t&e P1313 3o66er(i l B n5 doing t&e s 6e t&ing )or in(re sing its 0ro)its. Bills 0 y 7le in(re se in 2004 7%t de(re se in 2005 0ositi*e sign. ;t&er li 7ility & s n in(re sing trend not good 7e( %se in(re se in li 7ility de(re ses t&e li4%idity 0osition o) t&e 7 n5. S& re ( 0it l in(re se t& t s&o.s t&e (redi7ility o) 7 n5. T&e P1313 3o66er(i l 7 n5 9i6ited is in(re sing its reser*es nd %n! 00ro0ri ted 0ro)it in order to in(re sing its reser*es nd %n! 00ro0ri ted 0ro)it in order to in(re se its lending 0o.er' .&i(& is good sign' 7e( %se ((ording to t&e 0r%denti l reg%l tion o) St te B n5 o) P 5ist n' 7 n5 ( n lend 6oney <0er 0 rty e20os%re> e4% l to t&e @0K o) its ssigned ( 0it l 0l%s reser*es.

PROFIT AN? LOSS ACCOENT 0ORIDONTAL ANALYSIS INCO=E
1nterest in(o6e de(re se in 200J .ill gre t 0ro0osition .&i(& is not ) *or 7le. 1t 6e ns t& t interest re(ei*ed 7y t&e 7 n5 is de(re sing .it& t&e 0 ss ge o) ti6e. 1t is not good )or 7 n5ing (o60 ny. As .e ll 5no. t& t 7 n5s 0ro*ide 6 ny ser*i(es )or t&eir (%sto6ers nd lso (t s gent o) t&e (%sto6er. T&e 7 n5s re(ei*e )ee nd (o66ission )ter t&eir ser*i(esG it is 6 in so%r(e o) 7 n5 to re(ei*e )ee nd (o66ission )ro6 t&eir (%sto6ers. 1n ( se 7 n5 is t 5ing 6ore )ees s (o60 red to 0re*io%s ye rs. T&is is good sign )or t&e 7 n5. 1n )oreign (%rren(y de ling nd di*idend t&ere is &%ge in(re sing trend .&i(& s&o.s t&e in*est6ent o) 7 n5 in &e lt&y org ni, tion. ;t&er in(o6e de(re se in 2004 7%t t&is in(re se 6e n 0ositi*e sit% tion.
EGPENSES
Ret%rn on de0osit de(re ses .&i(& s&o.s good sign nd it is d%e to de(re se in ret%rn r te. Ad6 nd di6in%tion nd 0ro*ision g inst non 0er)or6ing lo n de(re sing t%rned t& t is ) *or 7le. B d de7ts in(re sed .it& &%ge 6o%nt not 0ositi*e sign. Pro)it 7e)ore t 2 tion & s in(re sed .it& gre t 0ro0ortion. T 2 in(re ses .&i(& re not 7 d 7e( %se it is interrel ted .it& 0ro)it' i) 0ro)it in(re sed' t 2 lso in(re se.
P1313 3;MM?R31A9 BAN- 91M1T?$ M?RT13A9 ANA9:S1S

INCO=E
1nterest e rned de(re se .&i(& is neg ti*e sign. As .e 5no. t& t 7 n5s 0ro*ide 6 ny ) (ilities ot&er t& n 6oney lending nd 7orro.ing. B n5s re(ei*e )ee' (o66ission' et( )or t&ese ser*i(es. T&ere)ore )ee nd (o66ission in(o6e re in(re sing .&i(& is good nd ) *or 7le signs. $i*ided in(o6e in(re sed 7%t it is *ery s6 ll. ;t&er in(o6e in(re se .it& gre t 0ro0ortion good sign.
EGPENSES
Ret%rn on de0osit de(re se good sign 7e( %se it in(re ses t&e 0ro)it. Ad6inistr tion e20enses re in(re sed 7%t no l r6ing r te. Position g inst non 0er)or6ing lo n %s ,ero .&i(& s&o.s 7 n5 & *e good (%sto6er. All 0ro*ision is ,ero .&i(& s&o.s t&e good (redit 0oli(y. B d de7t nd ot&er (& rges in(re sed 7%t t&e sit% tion is not l r6ing. Pro)it in(re sed. T 2 is in(re sed 7%t it is interrel ted .it& 0ro)it.
O;ERALL RE;IET&e 7 n5 & s no. (o60leted 6ore t& n # ye rs' sin(e its 0ri* ti, tion nd it is indeed gr ti)ying to note t& t d%ring t&is 0eriod' P1313 & s 0er)or6ed .ell nd & s s%st ined its gro.t& in ll t&e 6 8or se(tors. T&e .ell deser*ed (redit' )or t&is good 0er)or6 n(e nd 0rogress 6%st s%rely go to t&e 7 n5Fs 6 n ge6ent' its dire(tors nd' in no s6 ll 6e s%re' to t&e entire P1313 te 6 )or its dedi( tion (on(erted e))orts nd e2(ellent te 6 s0irit. P1313 & s 7een 0ioneer 6ong t&e 7 n5s in P 5ist n' 0 rti(%l rly in introd%(ing n%67er o) inno* ti*e 7 n5ing 0rod%(ts nd ser*i(es. For t&e )irst ti6e in t&e &istory o) P 5ist n' t&ese 6%lti) rio%s 0rod%(ts 6ostly in t&e s& 0e o) s *ing s(&e6es & *e 7een introd%(ed 7y P1313 .it& 7r nd n 6es. T&is & s set t&e trend nd 6 ny ot&er 7 n5s' 7ot& lo( l nd )oreign & *e sin(e )ollo.ed in P1313 )ootste0s 7y l %n(&ing ne. 0rod%(ts nd ser*i(es on si6il r lines.
RATIOS ANALYSIS
R tio n lysis is n i60ort nt nd ge old te(&ni4%e o) )in n(i l n lysis. R tios re i60ort nt nd &el0)%l in t&e re)eren(e t& t: T&ese si60li)y t&e (o60re&ension o) )in n(i l st te6ent nd tell t&e .&ole story o) (& nges in t&e )in n(i l (ondition o) t&e 7%siness. T&ese 0ro*ide d t )or inter )ir6 (o60 rison. T&e r tios &ig&lig&t t&e ) (tors sso(i ted .it& s%((ess)%l nd %ns%((ess)%l )ir6s' lso re*e l strong nd .e 5 )ir6s. T&ese &el0 in 0l nning nd )ore( sting t&ese ( n ssist 6 n ge6ent in its 7 si( )%n(tions o) )ore( sting' 0l nning' (oordin tion nd (ontrol. T&ese &el0 in in*est6ent de(ision in ( se o) in*estor nd lending de(ision in ( se o) 7 n5erFs et(. Ho.e*er' t&e r tios re only indi( tors' t&ey ( nnot 7e t 5en s )in l reg rding good or 7 d )in n(i l 0osition o) t&e 7%siness ot&er t&ings & *e lso to 7e seen.
RATIO ANALYSIS
53 RETERN ON E1EITY N.P.A.T O 100H S& re &older e4%ity Rs. <000> 2004 "@4"2IO100H55I2"4@ 1@.14K 2005 110#1"J O 100HJ##"022 1J.0IK 200J 1"@#5I4 O 100H11JI##I1 14.#JK A3 RETERN ON ASSETS N.P.A.T O 10 HTot l ssets Rs. <000> 2004 "@4"2I O 100 H55I2"4@ 0.42K
2005 110#1"J O 100H1#"05@515 0.5IK 200J 1"@#5I4 O 100H2@51@#5J" 0."@K 63 EARNING PER S0ARE N.P.A.T H No o) o%tst nding s& res Rs. <000> 2004 "@4"2I00H2202#5500 @.@@ 2005 110#1"J00H242@140"5 4.5" 200J 1"@#5I400H2JJ5454#@ J.52 83 RETERN ON ?EPOSIT N.P.A.TO 100 H Tot l de0osit Rs <000> 2004 "@4"2I O 100H1@5II014" 0.54K 2005 110#1"J O 100HJ##"022 0."1K 200J 1"@#5I4 O 100H1#2"05"1J 0.I5K
93 CAS0 K ?EPOSIT RATIO 3 s& H de0osit
2004 @4#4511 O 100H1@5II014" 2.5JK 2005 @I#451@2O 100H154544451 2.25K 200J 42J125I O 100H1#2"05"1J 2.@@K :3 TOTAL ASSETS K NET-ORK Tot l ssets H Net.or5 r tio Rs. <000> 2004 1"4"150J@H55I2"4@ @1.2@ ti6es 2005 1#"055@I4HJ##"022 2".1J ti6es 200J 2@51@#5J"H11JI##I1 20.0I ti6es @3 INTEREST EGPENSES K TOTAL EGPENSES RATIO 1nterest e20enses H Tot l e20enses r tio Rs. <000> 2004 "2@J#0 O100H1"4"4"14 41K 2005 "544#I"O 100H2022J#50
@".@0K 200J J0"4J#2 O 100H1I@@"I41 @1K <3 INTEREST INCO=E K TOTAL INCO=E RATIO 1nterest in(o6e H Tot l in(o6e Rs. <000> 2004 1424242 O 100H1J##"J4# #@K 2005 1"0@@225 O100H1I2@@#50 ##K 200J 15@#5#IJ O 100H1"I"J02" #5K >3 NET PROFIT =ARGIN N.P.A.TO 100HTot l in(o6e Rs. <000> 2004 "@4"2I O 100H1J##"J4# 4.@5K 2005 110#1"J O 100H1I2@@#50 5."JK 200J 1"@#5I4 O 100H1"I"J02" I.J"K
A;ERAGE PROFIT PER BRANC0 Ne! *"ofi! K No of "an$he# Rs. <000> 2004 "@4"2I00H121 Rs.J122"4
2005 "544#I"0H50 Rs.150#I"I
200J 1"@#5I400H45 Rs. @#J@542
53 RETERN ON E1EITY T&is r tio is 6ore 6e ning)%l )or S& re &olders .&o re interested to -no. t&e 0ro)it e rned 7y t&e 3o60 ny 7e( %se t&e di*idend P id )ro6 * il 7le 0ro)it &ig&er R tio 6e ns ) (tor o) 0rod%(tion F%lly %tili,ed nd good 0osition. Here r tio is in(re sed in 2004 7%tt Ag in de(re se in 2005. And 1 t&in5 T& t t&e 7 n5 i60ro*ed its ret%rn ;n e4%ity r tio in t&e ye r 200J. B%t 1t g in ) ll do.n in t&e ye r 200J' /&i(& is n l r6ing sign )or t&e B n5.
435: 4358 P"e$en!a.e 435A 4354 434< 434: 4348 434A 4344 A448
Re!u"n on ENui!(
A448 A449 A44:
A449 Yea"#
A44:
A3 RETERN ON ASSETS T&is r tio & s n in(re sing Trend. 1t 6e ns t&e ssets o) t&e B%siness re )%lly %tili,ed in 6ore And e))i(ient . y nd lso s&o.s T&e ) *or 7le trend o) t&e 7%siness. T&is r tio o) t&e 7 n5 . s too lo. in T&e ye r 2004' 7%t it i60ro*ed in t&e :e r 2005' nd it . s 6%(& good in T&e ye r 200J.
Re!u"n on A##e!#
43<4 43@4 P"e$en!a.e 43:4 4394 4384 4364 43A4 4354 4344 A448
A448 A449 A44:
A449 Yea"#
A44:
63 EARNING PER S0ARE T&is r tio got re lly i60ro*ed As it & s gone .it& t&e in(re se in Pro)it. ? rning 0er s& re is good Me s%re o) 0ro)it 7ility .&en 3o60 red .it& si6il r ot&er 7%siness. Here in(re sing ?PS' .&i(& .ill s%rely 1n(re sing s& re 0ri(e. T&is r tio & s t&e S 6e trend s t&e ret%rn on t&e ssets. And is i60ro*ing in t&e e*ery s%((eeding ye r.
@ : Ru*ee# 9 8 6 A 5 4 A448
Ea"nin. *e" She"e
A448 A449 A44:
A449 Yea"#
A44:
83 RETERN ON ?EPOSIT Ret%rn on de0osit is in(re sing trend /&i(& is ) *or 7le. T&is r tio s&o.s .it& t&e 1n(re se o) de0osit t&e 0ro)it 6 rgin lso 1n(re ses. 1n(re se in ret%rn on de0osit is Positi*e sign. T&is r tio & s t&e s 6e trend As t&e 7o*e 6entioned r tio o) ret%rn on ?4%ity & s .&i(& is good sign )or t&e 7 n5.
>4344M <4344M @4344M :4344M 94344M 84344M 64344M A4344M 54344M 4344M A448
Re!u"n on ?e*o#i!
P"e$en!a.e
A448 A449 A44:
A449 Yea"#
A44:
93
CAS0 K ?EPOSIT RATIO

A3:4 A399 A394 A389 A384 A369 A364 A3A9 A3A4 A359 A354 A349 A448 Ca#h K ?e*o#i! Ra!io
3 s& de0osit r tio 6e ns li4%idity Position o) t&e 7 n5. T&is r tio *ery lo. 6e ns T& t 7 n5 & s no idle )%nd 7%t e*en lo. r tio B n5 & s not li4%idity 0ro7le6s. B n5 6eets All its )in n(i l 0ro7le6s. T&is s&o.s t&e Str tegi( 0oli(y o) t&e 7 n5 nd e))i(ien(y o) T&e 7 n5.
P"e$en!a.e
A448 A449 A44:
A449 Yea"#
A44:
:3
TOTAL ASSETS K NET -ORT0

69344 64344 P"e$en!a.e A9344 A4344 59344 54344 9344 4344 A448 A449 Yea"# A44: A448 A449 A44: To!a+ A##e!# K Ne! -o"!h
T&is r tio s&o.s t&e de(re sing trend. B%t it is not & d 0osition 7e( %se net .ort& o) T&e 7 n5 in(re sing d y 7y d y. 1n(re se in Net .ort& s&o.s t& t 7 n5 is on so%nd )ooting. And 1 t&in5 t& t t&is .ill 0ro*ide 7ene)it to t&e B n5 in t&e long r%n.
@3
INTEREST EGPENSE K TOTAL EGPENSE RATIO

In!e"e#! EO*en#e K To!a+ EO*en#e Ra!io 89344 84344 69344 64344 A9344 A4344 59344 54344 9344 4344 A448 A449 A44: Yea"#
A de(re se )ig%re s&o.s t& t de0osits Are getting lo.. T&e re son is t&e de(re se in T&e ret%rn on de0osit. /&en de(re se ret%rn t&en Peo0le 0re)er to in*est in 7%siness )or 6ore ? rning. T&is de(re se in t&e interest e20enses 1s d%e to t&e de(re se in t&e 7orro.ings o) t&e B n5. ;r it 6ig&t 7e d%e to de(re se in t&e P y 7le interest r te to t&e lenders.
P"e$en!a.e
A448 A449 A44:
<3
INTEREST INCO=E K TOTAL INCO=E RATIO

In!e"e#! In$ome K To!a+ In$ome Ra!io <<344 <@344 P"e$en!a.e <:344 <9344 <8344 <6344 <A344 <5344 <4344 A448 A449 Yea"# A44: A448 A449 A44:
A 9ittle de(re se )ig%re r t&er t& n St gn nt )ig%re s&o.ing s 6e 6o%nt o) 1n(o6e gener tion. Alt&o%g& t&e r te o) 6 r5%0 (o6e do.n 7%t it & s no 7 d e))e(t on t&e e rning o) t&e 7 n5. T&is r tio s&o.s t& t interest in(o6e s (o60 red to t&e tot l in(o6e o) t&e 7 n5 is de(re sing. B%t it dose not 6e ns t& t it is 7 d e))e(t. Be( %se it 6ig&t 7e d%e to in(re se in t&e ;t&er in(o6e o) t&e 7 n5 .&i(& is too good A))e(t )or t&e 7 n5.
543 NET PROFIT =ARGIN T&is is 7eing i60ro*ed ye rly. Alt&o%g& 7 n5 is e rning &%ge in(o6e B%t its e20enses in(re sed 4%ite 7it Si6%lt neo%sly. Ulti6 tely res%lt is in(re se 1n t&e net 0ri)it o) t&e 7 n5. And it 6e ns T& t 7 n5 & s n i60ro*ing trend )ro6 T&e 0oint o) *ie. o) t&e in(o6e nd .ill Be i60ro*ing in t&e (o6ing ye r.
54344 >344 <344 @344 :344 9344 8344 6344 A344 5344 4344 A448 Ne! P"ofi! =a".in
P"e$en!a.e
A448 A449 A44:
A449 Yea"#
A44:
553 A;ERAGE PROFIT PER BRANC0 T&is *er ge 0ro)it 0er 7r n(& is in(re sing R 0idly e*ery ye r. 1t is &e lt&y good nd ?n(o%r ging )or 7 n5. T&is r tio o) t&e 7 n5 S&o.s t& t it 0ro)it o) t&e 7r n(&es is in(re sing 1n t&e (o6ing ye rs
RECO==EN?ATION
Fro6 t&e 4% nt%6 o) t&e 0ro)it nd its )in n(i l d t it ( n 7e e sily 8%dged t& t )ter 0ri* ti, tion' P1313 3o66er(i l B n5 9i6ited is 0er)or6ing .ell. 1ts de0osits re gro.ing d y 7y d y nd so its 0ro)it 7ility. T&e (ontrolling 7ody is res0onsi7le )or t&e 0rod%(ti*e 0er)or6 n(e o) t&e 7 n5. Follo.ing re 6y o7ser* tion nd s%ggestion to i60ro*e t&e e))i(ien(y )or t&e de*elo06ent o) t&e e(ono6y. A 7ig 0ortion o) t&e &o6e re6itt n(e is sent 7y P 5ist n .or5ing ( 0it l t&ro%g& P1313 3o66er(i l B n5 9i6ited. As .e 5no. 7ig 0ortion o) t&is 6o%nt is . sted 0%r(& sing o) l%2%ries. T&e 0eo0le 6oti* ted to s *e 6oney 7y o))ering t&e de0osit t&ro%g& * rio%s in*est6ent s(&e6es. T&e r te o) 0ro)it s&o%ld in(re se 1K or 2K t& n ot&er 7 n5s nd it .o%ld 7e 0ro)it 7le ste0 )or 7 n5. T&ere is (riti(is6 on t&e 7 n5ing 6 n ge6ent t& t t&e s l ries o) t&e e60loyees re de(re sing in e*ery s%((eeding ye r. And 1 t&in5 t&is .ill s& 5e t&e (on)iden(e nd .or5ing & 7it o) t&e e60loyees. T&ere is not&er re(o66end tion 7o%t t&e 7 n5 t& t is no 0ro0er ti6ing o) t&e 7 n5 nd t&ere is 6 de n %nne(ess ry del y in t&e 7 n5ing tr ns (tions. T&is 6ig&t not 7e good sign )or t&e 7 n5 )ro6 )%t%re 0ros0erity 0oint o) *ie.. St )) t%rno*er 0 rti(%l rly o) tr ined st )) res%lt in )in n(i l nd ot&er losses. T&e 6o%nt s0ent 7y t&e 7 n5 on e60loy6ent' ind%(tion nd tr ining o) o%tgoing o))i(ers (onstit%tes to 7e t till not&er o))i(er s&o%ld re dy 0ro*e t&is .or5. T&e e2od%s o) 7 n5 o))i(er in t&e 0 st & s .orsened t&e sit% tion. Most o) t&e 7 n5 e60loyees' re sti(5ing to one se t only .it& t&e res%lt t& t t&ey 7e(o6e 6 ster o) one 0 rti(%l r 8o7 nd loose t&eir gri0 on ot&er 7 n5ing o0er tion. 1n 6y o0inion ll t&e e60loyees s&o%ld & *e reg%l r 8o7 e20erien(e ll o%t loo5 to. rds 7 n5ing. T&e 0ro6otion 0oli(y s&o%ld 7e d8%sted. Re)res&er (o%rses )or t&e st )) re 6ost i60ort nt in ny intern tion l org ni, tion. All t&e e60loyees s&o%ld & *e t&ese (o%rses ((ording to t&eir re4%ire6ent. Foreign e20erts ( n lso 7e ( lled )or t&is 0%r0ose. ?*ery ye r so6e o) t&e e60loyees s&o%ld 7e sent )or tr ining to ot&er (o%ntries nd e60loyees )ro6 ot&er 7r n(&es s&o%ld 7e 7ro%g&t &ere. So6e 6ore re ding 6 teri l s&o%ld 7e 0ro*ided. T&e 0%r0ose s&o%ld 7e to ed%( te t&e e60loyees .it& t&e d* n(e st%dies in t&eir )ield. T&e e60loyee s&o%ld 7e 0ro*ided t&e o00ort%nities to ttend nd 0 rti(i0 te in se6in rs nd le(t%res on 7 n5ing. B n5 s&o%ld gi*e so6e 6ore in(enti*e to its e60loyees in order to re6o*e t&e (on)li(t 7et.een lo.er nd &ig&er o))i(er nd s&o%ld try to i60ro*e t&e .or5ing (ondition o) t&e 7 n5.
As s%(& syste6 s&o%ld 7e designed t& t e*ery e60loyee .&o & s so6e 0ro7le6s .it& &is o))i(ers ( n (o66%ni( te it to t&e &ig&er 6 n ge6ent nd so6e ste0s 6%st 7e t 5en to i60ro*e t& t. Re(r%it6ent s&o%ld 7e stri(tly on 6erit 7 sis nd ind%(tion s&o%ld 7e )ter 0ro0er nd e2tensi*e tr ining. ;ld nd l ,y st )) s&o%ld 7e re0l (ed 7y yo%ng' 4% li)ied nd energeti( st )). Foreign 7r n(&es s&o%ld 7e o0ened in order to ( 0t%re t&e intern tion l 6 r5et nd to e rn intern tion l re0%te )or t&e 7 n5. /or5ing en*iron6ent' e4%i06ent' )%rnit%re 7e ((ording to t&e 6odern 7 n5ing style. nd st )) dressing s&o%ld
Pro0er ttention s&o%ld 7e 0 id to %0gr de (%sto6er ser*i(es. B n5 s&o%ld do0t t&e glo7 l org ni, tion l 7 n5ing str%(t%re to 6eet t&e intern tion l st nd rds o) 7 n5ing se(tor.
CONCLESION
1t is e*ident )ro6 t&is re0ort nd t&e )in n(i l st te6ent o) P1313 t& t it is 6 5ing 0rogress 7y le 0s nd 7o%nds. T&e 0ro)its o) P1313 & *e gro.n (onsider 7ly d%ring t&e l st )e. ye rs nd t&is trend is e20e(ted to (ontin%e into t&e )%t%re. T&ere)ore' .e (on(l%de t& t P1313 & s *ery 0ros0ero%s 0resent nd )%t%re' .&i(& ss%res t&e s& re&olders o) .e lt& 6 2i6i, tion. Side 7y side o) it 1 t&in5 t& t i) 7 n5 .o%ld 7e 7le to (o*er nd (ontrol on t&e 7o*e 6entioned re(o66end tions t&en it .o%ld 7e in s%(& sit% tion t& t .ill re lly le d it to. rds t&e ro d o) 0ros0erity' de*elo06ent nd integrity. And .it& t&e 7o*e 6entioned senten(es 1 t&in5 t&ere is too ) %lt o) t&e (%sto6ers nd in order to 6 5e t&e 0ro0er .or5ing o) t&e 7 n5 t&e (%sto6ers s&o%ld lso (oo0er te .it& t&e 7 n5 .&i(& .ill 7e re lly good 67itio%s nd diligent (ondition )or t&e 7 n5. And t&en 7 n5 .ill 7e re lly in s%(& sit% tion nd 0osition to (o60ete its (o60etitors in t&e (o%ntry s .ell s on intern tion l le*el.
75
PICIC CO==ERCIAL BANK LI=ITE? =AIN BRANC0 S3I3E S0A0ABPERA SIALKOT !alan"e s#eet as $% &e"e'be(, )**+
@1 $e(e67er 200J Assets 3 s& nd 7 l n(es .it& tre s%ry 7 n5s B l n(es .it& ot&er 7 n5s 9ending to )in n(i l instit%tions 1n*est6ent net Ad* n(es net ;0er ting )i2ed ssets $e)erred t 2 ssets net ;t&er ssets 9i 7ilities Bills 0 y 7le Borro.ing $e0osits nd ot&er ((o%nts S%7 (oordin ted lo n 9i 7ilities g inst ssets s%78e(t to Fin n(e le se $e)erred t 2 li 7ilities ;t&er li 7ilities Net Assets Re0resented 7y S& re ( 0it l Reser*es Un 00ro0ri ted 0ro)it <$e)i(it>H s%r0l%s on re* l% tion o) se(%rities 55#@5I1 21"0#I" I2#5J0# 15JJ114@ @4##@"51 I@@2#2 40J542 1@J505@ "02#I#J" "4I0#0 5024405 5I4J"4I" ! 154"J ! I5"#1I 40"55I0
@1 $e(e67er 2005 51"@J#" 15J1@J4 1@J5"5@0 1@J5"5@0 @@1J22J2 I4"55# 2#1"@" 1J@#0J0 J512#J@4 JJ"1"@ 5J#02@0 5@4J#021 ! 45510 ! 120IJ50 405#050
2"@4#"5 I5"2#J ""#I05 44"10JJ <@I54"J>
2"@4#"5 II5@I@ 455J"J 41#5I44 <12"#I4>
76
PICIC CO==ERCIAL BANK LI=ITE? =AIN BRANC0 S3I3E S0A0ABPERA SIALKOT "#$%&' ()* +$,, (--$.)' %$# '/0 10(# 0)*0* 31 *0-2!!6
@1 de(e67er 200J 2005 M r5!%0 H ret%rnHinterest e rned M r5 %0 H ret%rnHinterest e20ensed Net 6 r5!%0Hinterest in(o6e Pro*ision g inst non 0er)or6ing 9o ns nd d* n(es Pro*ision )or di6in%tion in t&e * l%e o) in*est6ents B d de7ts .ritten o)) dire(tly Net 6 r5!%0 H interest in(o6e A)ter 0ro*ision Non 6 r5 %0 H interest in(o6e Fees (o66ission nd 7ro5er ge in(o6e $i*ident in(o6e 1n(o6e )ro6 de ling in )oreign (%rren(ies + in on s le o) se(%rities Unre li,ed loss on re* l% tion o) 1n*est6ents 3l ssi)ied s &eld )or tr ding ;t&er in(o6e Tot l non 6 r5%0Hinterest in(o6e Non 6 r5%0Hinterest e20enses Ad6inistr ti*e e20enses ;t&er (& rges Tot l non 6 r5 %0H interest e20enses ?2tr ordin ry nd e2(e0tion l ite6s Pro)it 7e)ore t 2 tion T 2 tion P 3%rrent Prior ye r $e)erred Pro)it )ter t 2 tion Un 00ro0ri ted 0ro)it BHF Pro)it * il 7le )or 00ro0ri tion 5"I5I"I @5@0@2I 22J5J50 4"J@"J @"5 1@@ 4"J##4 1"##"JJ 20J#"@ 1@1#11 142"10 25042# <2545> 12#1## #5"4J5 2J4J2@1 1@50451 1J55J5 1@J"01@ ! 12"I215 441000 ! <1@0J2J> @10@"4 IJ##41 455J"J 142451" 41"1#I0 20J1##I 2110001 ##"1 J1I 2IJ I"#J 2100215 1"4501 14II0I 1052"J 41425" ! 114J54 I5#5I" @05##12 114""0@ 54#I 115@1I2 ! 1I05J20 @I5000 ! J5#1 4015#1 15040@I 4JJ41" 1I"045J @1de(e67er
77 B si( H dil%ted e rning 0er s& re @.54 5.50 PICIC CO==ERCIAL BANK LI=ITE? =AIN BRANC0 S3I3E S0A0ABPERA SIALKOT C(,/ %+$2 ,'('030)' %$# '/0 10(# 0)*0* 31 *0-0340#,2!!6 @1 de(e67er 200J 3 s& )lo. )ro6 o0er ting (ti*ities Pro)it 7e)ore t 2 tion 9ess di*idend in(o6e d8%st6ent )or: $e0re(i tion A6orti, tion o) int ngi 7le ssets Pro*ision g inst non 0er)or6ing d* n(es Pro*ision H <re*ers l> B d de7ts .ritten o)) dire(tly Unre li,ed loss on re* l% tion o) in*est6ent 3l ssi)ied s &eld )or tr ding + in on s le o) 0ro0erty nd e4%i06ent 12"I215 <1@1#11> QQQQ 114"404 1#J2"0 @500 4"J@"J @"5 1@@ 2545 <2J@4> JJJ5J5 QQQQ 1#1@IJI <5"I1"2> 21I"II# 2J"125 <2510045> #1I0" <J55#25> 5III4"J <2JI50> 5@I#J0# QQQQQQQ 4"025@2 <5""@14> QQQQQQQ 412521# <22J#2I4> 1@"JI@ 1#@#JI 11002 @1de(e67er 2005 1I05J20 <14II0I> QQQQ 1"55"11 14225 J@#I ##"1 J1I 2IJ ! <424#> 1541#@ QQQQ 1I0I#I4 <1I5#12J> "@4@0JJ "JIJ"4 <100"0IJJ> <I1#@> 24"2I2@ I@"J22J 452"4J 122I2"12 QQQQQQQ 41@1"40 <5I044> QQQQQQQ 40"2JIJ <"5@52J> 1J252@ @11#IJ 11210
<1n(re se> H de(re se in o0er ing ssets 9ending to )in n(i l instit%tions Ad* n(es net ;t&er ssets <1n(re se> H de(re se in o0er ing li 7ilities Bills 0 y 7le Borro.ing )ro6 )in n(i l instit%tion $e0osits ;t&erli 7ilities
1n(o6e t 2 0 id Net ( s& in)lo. )ro6 o0er ting (ti*ities 3 s& )lo. )ro6 in*esting (ti*ities Net in*est6ents $i*idend re(ei*ed 1n*est6ent in o0er ting )i2ed ssets S le o) 0ro0erty nd e4%i06ent
78 Net ( s& )lo. )ro6 in*esting (ti*ities <2@0@4J#> <#I1J#I>
PICIC CO==ERCIAL BANK LI=ITE? =AIN BRANC0 S3I3E S0A0ABPERA SIALKOT C(,/ %+$2 ,'('030)' %$# '/0 10(# 0)*0* 31 *0-0340#,2!!6
@1 de(e67er 200J 3 s& )lo. )ro6 )in n(ing (ti*ities P y6ent o) le se o7lig tions $i*idend 0 id Net ( s& o%t)lo. )ro6 )in n(ing (ti*ities <@00@4> <""22"I> <#02@1@> QQQQQQQ 101I4@" @1de(e67er 2005 <@""#0> <JI4"51> <"@25@1> QQQQQQ 244#4"J 42#J5"5 QQQQQQ J"@5051 QQQQQQ!
<de(re se> H in(re se in ( s& nd ( s& e4%i* lents ( s& nd ( s& e4%i* lents t 7eginning o) t&e J"@5051 ye r QQQQQQQ ( s& nd ( s& e4%i* lent t t&e end o) t&e ""544## ye r QQQQQQQ
PICIC CO==ERCIAL BANK LI=ITE? =AIN BRANC0 S3I3E S0A0ABPERA SIALKOT S'('030)' $% -/()50, &) 06.&'1 %$# '/0 10(# 0)*0* 31*0-0340#,2!!6
B l n(e s t 18 n% ry2005 Pro)it )ter t 2 tion )or t&e ye r ended @1$e(e67er'200 5 1ss%e o) 7on%s s& resR25K Tr ns)er to re*en%e reser*e Tr ns)er to st t%tory reser*e 1nteri6 ( s& di*idend RRs2.25 0er s& re 1ss%e o) 7on%s s& res R20K 1nteri6 ( s& di*idend RRs1.250er s& re B l n(e s t @1$e(e67er 2005 Fin l di*idend )or t&e ye r 2005RRs2.50er s& re Pro)it )ter t 2 tion )or t&e ye r ended @1$e(e67er 200J Tr ns)er to st t%tory reser*e B l n(e s @1 S& re S& re ( 0it l 0re6i%6 1#2@250 J4@500 ! ! St t%tory Re*en%e Un 00ro0ri ted Tot l reser*es reser*es 0ro)it 4J2"10 #@"00 4JJ41" @4"I5"" ! ! 15040@I 15040@I
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PICIC CO==ERCIAL BANK LI=ITE? =AIN BRANC0 S3I3E S0A0ABPERA SIALKOT O70#('&)5 ()* %&)()-&(+ *('( $% +(,' ,&8 10(#,
;0er ting 0ro)it Pro)it )ter t 2 $i*idend 0 yo%t Bon%s s& res 3 0it l ?4%ity $e0osit 1n*est6ent s Ad* n(es 3l ssi)ied 0ort)olio Foreign tr de ? rning 0er s& re Ret%rn on *er ge e4%ity Ret%rn on *er ge ssets 3 0it l de4% (y No o) 7r n(&es 3redit r ting 2001 2I5#@" 1115J0 ! 25K 500000 #0@II2 IJ1#5II 2J#J@"" J@2I5I4 4#@2#1 1IIJ44I J 0.5@ 14.I1K 0.I"K 11.42K 20 A!H A!2 2002 50I0J" @1I24# ! @0K #25000 1@2@240 21154I2 5 10@0J@1 J 10#"J@@ J 4J50J@ @0#440@ # 1.44 @0.02K 1.54K I.#IK 42 A!H A!1 200@ #250"1 J21412 15.00K @0K 10"2500 1"#@""" @24II"" 1 21"@JI5 4 14@1J#@ 2 420002 @#11@#J 5 2.JI 40.00K 1.#2K I.10K J# A!H A1 2004 112J@#5 #IJ@22 15.00K 25.00K 1#2@250 @4"I5"" 440I1"I 5 1@1IJ22 J 25#2#@J @ 4#000J 4J@"50# " @.55 @4.0JK 1.I5K 10."4K 100 ASH A1 2005 1I05J20 15040@I J0.00K 20.00K 2"@4#"5 41#5I44 5@4J#02 1 1@J5"5@ 0 @@1J22J 2 5#J444 5JI##5J 5 5.50 @I.24K 2.5"K I."#K 122 ASH A1 200J 12"I215 IJ##41 ! ! 2"@4#"5 44"10JJ 5I4J"4I " 15JJ114 @ @4##@"5 1 1"5#J21 5J"44"@ " @.54 2I.55K 1.#IK I.#IK 1@J ASH A1
81
Five (ea"# of "an$h finan$ia+ ."o'!h
82
Non )%nd 7%siness 160orts Years ?20orts Profitability Funded income Tot l )oreign 7%siness Non funding income !a"ital gain and #i$idend income F% income and ot&er 'ncome (otal income )orro*ing e%"enditure +"erating e%"enses (otal e%"enses Profit before ta% (a%ation "rofit after ta% s&are&older.s fund and liabilities /&are ca"ital 0etained earnings /&are&older.s e1uity /ur"lus on re$aluatio of securities #e"osits 0efinance borro*ing )ills "ayable and )orro*ings +t&er liabilities (otal 4ssets ad$ances net for "ro$ision in$estment 5 lending cas& 5s&ort term funding o"erating fi%ed assets +t&er 4ssets
140025J5 2002 1J#414"@ !!!!!!!!!!!! 1626291 @0#440@# 104730 TTTTTTT 177373 15474 2063142 1227652 326423 1554075 509067 1 9 19 ,,,,,,,,,,,, 31924 ------279 21 ------25000 49 240 1323240 97 713 21154925 22 6006 111 065 1121239 279 21 ------10 76336 14130459 2092 0
1"415@5I 2003 20JI#50J !!!!!!!!!!!! 1749466 @#11@#J5 136656 TTTTTTT 6 5 09 145073 2717004 1327542 564391 1 91933 25071 203659 ,,,,,,,,,,,, 621412 ------40133 53 ------1072500 711277 17 3777 435493 32499771 2076110 2 519 1 4 6721 40133 53 ------14316 32 21 43204 2 22772
2@I1#"J4 2004 2245J@2@ !!!!!!!!!!!! 2342002 4J@"50#" 136013 TTTTTTT 361404 17 242 3017661 1067647 23629 1 91276 11263 5 230063 ,,,,,,,,,,,, 96322 ------52007610 ------1 23250 1659619 34 2 69 46522 44091795 266656 1217095 502761 52007610 ------25 2 364 19947 27 42 6575
2"J@1I4J 2005 2I@5JJ1I !!!!!!!!!!!! 4162104 5JI##5J5 2 9155 TTTTTTT 564166 105276 5120701 2061 9
@0I5"254 2006 25"#"4#@ !!!!!!!!!!!! 531905 5J"44"@" 335061 TTTTTTT 379694 142710 6176560 3530329 1367016 4 97345 1279215 310374 ,,,,,,,,,,,, 96 41 ------702 9 67 ------2734 75 1736191 4461066 23954763 59467497 3474714 229 771 973295 702 9 67 ------34 3751 24946751 77544 9332 2 1771595
1153192 32150 1 1905620 4015 1 ,,,,,,,,,,,, 1504039 ------6512 634 ------2734 75 1451069 41 5944 2127 943 5346 021 3079545 3267 5 1255160 6512 634 ------33162262 22363966 6735051
25422 350795 7 15 1 94755 MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK. 62 357 00250 1163263 1919797
83
Finan$ia+ "a!io info"ma!ion
:e rs Tot l d* n(es to de0osits <K> Tot l (l ssi)ied d* n(es to tot l Ad* n(es <K> ;0er ting e20ense (o*er r tio <ti6es> Ret%rn on *er ge e4%ity <K> Ret%rn on *er ge ssets <K>
2002 200@ 2004 2005 200J 51.41 44.05 5#.5# J2.02 5#.JJ 4.2# 20I@ 1.#J 1."" 5.0@ 1.22 0."5 1.55 1.#2 1.@# @0.02 40.00 @4.04 @I.22 22.@# 1.54 1.#2 1I.10 15.@1 1J.@5
84 Bre 5 * l%e <Rs> 1nter6edi tion (ost <K> 3 0it l de4% (y r tio<K> S& re in)or6 tion ? rning 0er s& re $istri7%tion 3 s& di*idend <K> Net ssets 0er s& re <Rs> M r5et * l%e 0er s& re <Rs> ;t&er in)or6 tion No o) e60loyees 3redit r ting 1J.04 1J.J@ 1I.10 15.@1 1J.@5 1.54 1."4 1.#" 2.1J 2.@0 I.#I 12.0" 10.#" I.42 I.#I 1.44 ! @0 2".I0 1#."0 12 A!HA1 AHA1 ASHA1 ASHA1 ASHA1 2.JI 15 @0 20.JI @@.@5 1@ @.55 15 25 1I.@J 4@.@5 14 5.50 @.54 J0 ! 20 ! 14.#4 14.I0 @J.10 @@.J5 15 1J
Five (ea"# "an$h ."a*hi$a++( ."o'!h inve#!men!

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85
?e*o#i!#
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To!a+ A##e!#
86
<4444444 @4444444 :4444444 94444444 84444444 64444444 A4444444 54444444 4
A44A A446 A448 A449 A44: A44A A446 A448 A449 A44:
Advan$e# Ne! Fo" P"ovi#ion
69444444 64444444 A9444444 A4444444 59444444 54444444 9444444 4 A44A A446 A448 A449 A44: A44A A446 A448 A449 A44:
To!a+ Fo"ei.n Bu#ine##
87
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No!e# Ca#h and $a#h eNuiva+en!#

3 s& nd ( s& e4%i* lent in(l%de ( s& in & nd' 7 l n(es .it& tre s%ry 7 n5s nd 7 l n(es .it& 7 n5s in (%rrent nd de0osit ((o%nts. MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.
88
Lendin. !o o""o'in. f"om finan$ia+ in#!i!u!ion#

T&e 7 n5 enters into tr ns (tions o) re0os nd re*erse re0os (ontr (ted r tes )or s0e(i)ied 0eriod o) ti6e. T&ese re re(orded s %nder: > t
S le %nder re0%r(& se o7lig tions Se(%rities sold s in*est6ents nd t&e (o%nter 0 rty li 7ility is in(l%ded in 7orro.ing. T&e di))erenti l in s le nd re 0%r(& se * l%e is ((r%rd o*er t&e 0eriod o) t&e gree6ent nd re(orded s n e20ense. P%r(& se %nder res le o7lig tions Se(%rities 0%r(& sed %nder gree6ent to resell<re*erse re0o> re in(l%ded in lendings to )in n(i l instit%tions. T&e di))erenti l 7et.een t&e (ontr (ted 0ri(e nd res le 0ri(e is 6ortised o*er t&e 0eriod o) t&e gree6ent nd is re(orded s in(o6e.
7>
Inve#!men!#
T&e 7 n5 (l ssi)ies its in*est6ents s )ollo.s:
0e+d fo" !"adin.

T&ese re se(%rities' .&i(& re eit&er (4%ired )or gener ting 0ro)it )ro6 s&ort ter6 )l% tion in 6 r5et 0ri(e' interest r te 6o*e6ents' de lers 6 rgin or re se(%rities in(l%ded in 0ort)olio in .&i(& 0 ttern o) s&ort ter6 0ro)it 6 5ing e2ists. 1n ((ord n(e .it& t&e re4%ire6ents o) t&e BS$ (ir(%l r no.10 d ted 1@ 8%ly 2004' iss%ed 7y t&e st te 7 n5 o) P 5ist n se(%rities (l ssi)ied %nder &eld )or tr ding re re* l%ed t 6 r5et * l%es nd s%r0l%s rising t&ereon re t 5en to t&e 0ro)it nd loss ((o%nt.
0e+d !o ma!u"i!(
T&ese re se(%rities .it& )i2ed or deter6in 7le 0 y6ents nd )i2ed 6 t%rity t& t t&e 7 n5 & s 0ositi*e intent nd 7ility to &old to 6 t%rity. T&ese in*est6ents re ( rried t 6ortised (ost
Avai+a +e fo" #a+e
8 T&ese re in*est6ents t& t do not ) ll %nder t&e &eld )or tr ding or &eld to 6 t%rity ( tegories. All 0%r(& ses nd s le o) in*est6ents t& t re4%ire deli*ery .it&in t&e ti6e )r 6e est 7lis&ed 7y reg%l tion or 6 r5et (on*ention re re(ogni,ed t t&e tr de d te. Tr de d te is t&e d te on .&i(& t&e 7 n5 (o66its to 0%r(& se or sell t&e in*est6ent.
Advan$e#
Ad* n(es re st ted net o) gener l nd s0e(i)i( 0ro*isions. S0e(i)i( nd gener l 0ro*ision is deter6ined on t&e 7 sis o) 0r%denti l reg%l tions iss%ed 7y t&e st te 7 n5 o) P 5ist n nd t 5en to t&e 0ro)it nd loss ((o%nt. T&ese 0ro*isions re 6 int ined on (onsistent 7 sis. Ad* n(es re .ritten o)) .&en t&ese is no re listi( 0ros0e(t o) re(o*ery.
O*e"a!in. fiOed a##e!# and de*"e$ia!ion

Pro0erty e4%i06ent nd int ngi7le ssets re st ted t (ost less ((%6%l ted de0re(i tion nd i60 ir6ent loss e2(e0t )ree &old l nd .&i(& is st ted t (ost. 3 0it l .or5 in 0rogress is st ted t (ost. T&e (ost o) le se&old l nd is 6ortised is e4% l inst ll6ents o*er t&e le se 0eriod. $e0re(i tion (& rge is 7 sed on t&e str ig&t line 6et&od .&ere7y t&e (ost o) n sset is .ritten o)) o*er its esti6 ted on )ree&old l nd. $e0re(i tion on dditions d%ring t&e ye r is (& rged )ro6 t&e 6ont& in .&i(& t&e sset is 0%t to %se .&ile de0re(i tion on dis0os ls d%ring t&e ye r is (& rged %0 to t&e 6ont& o) dis0os l. S%7se4%ent (ost re in(l%ded in t&e ssets ( rrying 6o%nt or re re(ogni,ed s se0 r te ssets s 00ro0ri te' only .&en it is 0ro7 7le t& t )%t%re e(ono6i( 7ene)its sso(i ted .it& t&e ite6 .ill )lo. to t&e 7 n5 nd t&e (ost o) t&e ite6 ( n 7e 6e s%red reli 7ly. All ot&er re0 irs nd 6 inten n(e re (& rged to t&e 0ro)it nd loss ((o%nt. + ins nd losses on s le o) ssets re in(l%ded in in(o6e (%rrently.
Lea#ed
Assets &eld %nder )in n(e le ses re st ted t (ost less ((%6%l ted de0re(i tion. T&e o%tst nding o7lig tions %nder t&e le se gree6ents re s&o.n s li 7ility net o) )in n(e (& rges llo( 7le to )%t%re 0eriods. T&e )in n(e (& rges re llo( ted to ((o%nting 0eriods in 6 nner so s to 0ro*ide (onst nt 0eriodi( r te o) ret%rn on t&e o%tst nding li 7ility.
! $e0re(i tion on ssets &eld %nder )in n(e le se is (& rged in 6 nner (onsistent .&i(& t& t )or de0re(i 7le ssets.&i(& re o.ned 7y t&e 7 n5.
TaOa!ion Cu""en!
Pro*ision )or (%rrent t 2 tion is 7 sed on t 2 7le in(o6e )or t&e ye r deter6ined in ((ord n(e .it& t&e 0re* iling l .s )or t 2 tion on in(o6e e rned' s 00li( 7le to t&e res0e(ti*e 8%risdi(tions. T&e (& rges )or t&e (%rrent t 2 is ( l(%l ted %sing 0re* iling t 2 r tes or t 2 r tes e20e(ted to 00ly to t&e 0ro)its )or t&e ye r t en (ted r tes. T&e (& rges )or t&e t 2 lso in(l%des d8%st6ents' .&ere (onsidered ne(ess ry rel ting to 0rior ye rs' rising )ro6 ssess6ents )r 6ed d%ring t&e ye r.
?efe""ed
$e)erred t 2 is re(ogni,ed %sing t&e 7 l n(e s&eet 6et&od on ll 6 8or te60or ry di))eren(es 7et.een t&e 6o%nts ttri7%ted to ssets nd li 7ilities )or )in n(i l re0orting 0%r0oses nd 6o%nts %sed )or t 2 tion 0%r0oses. $e)erred t 2 is ( l(%l ted t t&e r tes t& t re e20e(ted to 00ly to t&e 0eriod .&en t&e di))eren(es re*erse' 7 sed on t 2 r tes t& t & *e 7een en (ted or s%7st nti*ely en (ted 7y t&e 7 l n(e s&eet d te. A de)erred t 2 sset is re(ogni,ed only to t&e e2tent t& t it is 0ro7 7le t& t )%t%re t 2 7le 0ro)its .ill 7e * il 7le g inst .&i(& t&e sset ( n 7e %tili,ed. $e)erred t 2 ssets re red%(ed to t&e e2tent t& t it is no longer 0ro7 7le t& t t&e rel ted t 2 7ene)it .ill 7e re li,ed. P"ovi#ion T&e 7 n5 lso re(ogni,es de)erred t 2 ssetU li 7ility on de)i(itU s%r0l%s on re* l% tion o) (ert in in*est6ents .&i(& re 6 r5ed to 6 r5et .&i(& is d8%sted g inst t&e rel ted de)i(itU s%r0l%s in ((ord n(e .it& t&e re4%ire6ents o) re*ised intern tion l ((o%nting st nd rd de ling .it& in(o6e t 2es.
Pro*isions re re(ogni,ed .&en t&e 7 n5 & s leg l or (onstr%(ti*e o7lig tion s res%lt o) 0 st e*ents' it is 0ro7 7le t& t n o%t)lo. o) reso%r(es .ill 7e re4%ired to settle t&e o7lig tion nd reli 7le esti6 te o) t&e 6o%nt ( n 7e6 de. Pro*ision re re*ie.ed t e (& 7 l n(e s&eet d te nd re d8%sted to re)le(t t&e (%rrent 7est esti6 te.
P"o*o#ed dividend
$i*idend is re(ogni,ed s de(l red. li 7ility s li 7ility in t&e 0eriod in .&i(& it is
Advan$e# and inve#!men!

M r5 %0Hret%rn on 0er)or6ing lo nsH d* n(es nd in*est6ents is re(ogni,ed on ((r% l 7 sis. /&ere de7t se(%rities re 0%r(& sed t 0re6i%6 or dis(o%nt' t&ose 0re6i%6s H dis(o%nts re 6orti,ed t&ro%g& t&e 0ro)it nd loss ((o%nt o*er t&e re6 ining 0eriod o) 6 t%rity. 1nterest or 6 r5 %0 re(o*er 7le on non 0er)or6ing d* n(es is re(ogni,ed on re(e0t 7 sis in ((ord n(e .it& t&e re4%ire6ents o) t&e 0r%denti l reg%l tions iss%ed 7y t&e st te 7 n5 o) P 5ist n s 6ended )ro6 ti6e to ti6e. $i*idend in(o6e is re(ogni,ed .&en t&e rig&t to re(ei*e t&e di*idend is est 7lis&ed.
Le!!e"# of $"edi! K.ua"an!ee and o!he"#

Fees 7ro5er ge nd (o66ission on letters o) (redit H g% r ntee nd ot&ers is re(ogni,ed on ((r% l 7 sis.
?e"iva!ive finan$ia+ in#!"umen!#
deri* ti*e )in n(i l instr%6ents initi lly re(ogni,ed t ) ir * l%e on t&e d te on .&i(& t&e deri* ti*e (ontr (t is entered into nd re s%7se4%ently re6e s%red t ) ir * l%e. All deri* ti*e )in n(i l instr%6ents re ( rried s ssets .&en ) ir * l%e is 0ositi*e nd li 7ilities .&en ) ir * l%e is neg ti*e. Any (& nge in t&e ) ir * l%e o) deri* ti*e )in n(i l instr%6ents is t 5en to 0ro)it nd loss ((o%nt.
Fo"ei.n $u""en$ie#
Tr ns (tions in )oreign (%rren(ies re tr nsl ted to r%0ees t t&e )oreign e2(& nge r tes 0re* iling t t&e tr ns (tion d te. Monet ry ssets nd li 7ilities in )oreign (%rren(ies re e20ressed in r%0ee ter6 t t&e r tes o) e2(& nge 0re* iling t t&e 7 l n(e s&eet d te. For. rd )oreign e2(& nge (ontr (ts nd )oreign 7ills 0%r(& sed re * l%ed t )or. rd r tes 00li( 7le to t&eir res0e(ti*e 6 t%rities. Tr nsl tion g ins nd losses re in(l%ded in t&e 0ro)it nd loss ((o%nt. 3o66it6ents )or o%tst nding )or. rd e2(& nge (ontr (ts re dis(losed in t&ese )in n(i l st te6ents t (o66itted 6o%nts. 3ontingent li 7ilitiesH (o66it6ents )or letter o) (redit nd letters o) g% r ntee deno6in ted in )oreign (%rren(ies re e20ressed in r%0ee ter6s t t&e r tes o) e2(& nge 0re* iling t t&e 7 l n(e s&eet d te.
Off #e!!in.
Fin n(i l ssets nd )in n(i l li 7ilities re set o)) nd t&e net 6o%nt is re0orted in t&e )in n(i l st te6ents .&en t&ere is leg lly en)or(e 7le rig&t to set o)) nd t&e 7 n5 intends eit&er to settle on net 7 sis' or to re li,e t&e ssers nd to settle t&e li 7ilities si6%lt neo%sly.
Se.men! "e*o"!in.
A seg6ent is disting%is& 7le (o60onent o) t&e 7 n5 t& t is eng ged in 0ro*iding 0rod%(ts or ser*i(es <7%siness seg6ent> or in 0ro*iding 0rod%(ts or ser*i(es .it&in 0 rti(%l r e(ono6i( en*iron6ent <geogr 0&i( seg6ent>' .&i(& is s%78e(t to ris5 nd re. rds t& t re di))erent )ro6 t&ose o) ot&er seg6ents. T&e 7 n5Fs 0ri6 ry )or6 t o) re0orting is 7 sed on 7%siness seg6ents.
Bu#ine## #e.men! Co"*o"a!e ankin.

3or0or te 7 n5ing in(l%des %nder.riting (ti*ities. nd 1P; rel ted
T"adin. and #a+e#

1t re0resents )i2ed in(o6e' e4%ity' )oreign e2(& nges' (o66odities' (redit' )%nding' o.n 0osition se(%rities' lending nd re0os' 7ro5er ge de7t' 0ri6e
3 7ro5er ge.
Comme"$ia+ ankin.
1t re0resents ret il lending nd de0osits' 7 n5ing ser*i(es' 0ri* te lending nd de0osits' 7 n5ing ser*i(es nd ret il o))ered to its ret il (%sto6ers nd s6 ll nd 6edi%6 enter0rises.
Re!ai+ and $on#ume" ankin.

1t re0resents 0ro8e(ts )in n(e' e20ort )in n(e' tr de )in n(e' le sing' lending' g% r ntees nd 7ills o) e2(& nge rel ting to its (or0or te (%sto6ers.
EOe$u!ive Summa"(
T&e S & 7 P%r Br n(& & s no. (o60leted 6ore t& n # ye rs' sin(e its 0ri* ti, tion nd it is indeed gr ti)ying to note t& t d%ring t&is 0eriod' 7r n(& & s 0er)or6ed .ell nd & s s%st ined its gro.t& in ll t&e 6 8or se(tors. T&e .ell deser*ed (redit' )or t&is good 0er)or6 n(e nd 0rogress 6%st s%rely go to t&e 7 n5Fs 6 n ge6ent' its dire(tors nd' in no s6 ll 6e s%re' to t&e entire P1313 <S& & 7 P%r > te 6 )or its dedi( tion (on(erted e))orts nd e2(ellent te 6 s0irit.
Re$ommenda!ion of !he B"an$h

Fro6 t&e 4% nt%6 o) t&e 0ro)it nd its )in n(i l d t it ( n 7e e sily 8%dged t& t )ter 0ri* ti, tion' P1313 3o66er(i l B n5 9i6ited <S & 7 P%r Br n(&> is 0er)or6ing .ell. 1ts de0osits re gro.ing d y 7y d y nd so its 0ro)it 7ility. T&e (ontrolling 7ody is res0onsi7le )or t&e 0rod%(ti*e 0er)or6 n(e o) t&e 7 n5. Follo.ing re 6y o7ser* tion nd s%ggestion to i60ro*e t&e e))i(ien(y )or t&e de*elo06ent o) t&e e(ono6y. T&ere is (riti(is6 on t&e 7 n5ing 6 n ge6ent t& t t&e s l ries o) t&e e60loyees re de(re sing in e*ery s%((eeding ye r. And 1 t&in5 t&is .ill s& 5e t&e (on)iden(e nd .or5ing & 7it o) t&e e60loyees. Most o) t&e 7 n5 e60loyees' re sti(5ing to one se t only .it& t&e res%lt t& t t&ey 7e(o6e 6 ster o) one 0 rti(%l r 8o7 nd loose t&eir gri0 on ot&er 7 n5ing o0er tion. 1n 6y o0inion ll t&e e60loyees s&o%ld & *e reg%l r 8o7 e20erien(e ll o%t loo5 to. rds 7 n5ing. T&e 0ro6otion 0oli(y s&o%ld 7e d8%sted. ?*ery ye r so6e o) t&e e60loyees s&o%ld 7e sent )or tr ining to ot&er (o%ntries nd e60loyees )ro6 ot&er 7r n(&es s&o%ld 7e 7ro%g&t &ere. So6e 6ore re ding 6 teri l s&o%ld 7e 0ro*ided. T&e 0%r0ose s&o%ld 7e to ed%( te t&e e60loyees .it& t&e d* n(e st%dies in t&eir )ield. T&e e60loyee s&o%ld 7e 0ro*ided t&e o00ort%nities to ttend nd 0 rti(i0 te in se6in rs nd le(t%res on 7 n5ing. T&ere is not&er re(o66end tion 7o%t 6y 7r n(& t& t is no 0ro0er ti6ing o) t&e 7 n5 nd t&ere is 6 de n %nne(ess ry del y in t&e 7 n5ing tr ns (tions. T&is 6ig&t not 7e good sign )or t&e 7 n5 )ro6 )%t%re 0ros0erity 0oint o) *ie.. Re)res&er (o%rses )or t&e st )) re 6ost i60ort nt in ny intern tion l org ni, tion. All t&e e60loyees s&o%ld & *e t&ese (o%rses ((ording to t&eir re4%ire6ent. Foreign e20erts ( n lso 7e ( lled )or t&is 0%r0ose. B n5 s&o%ld gi*e so6e 6ore in(enti*e to its e60loyees in order to re6o*e t&e (on)li(t 7et.een lo.er nd &ig&er o))i(er nd s&o%ld try to i60ro*e t&e .or5ing (ondition o) t&e 7 n5. ;ld nd l ,y st )) s&o%ld 7e re0l (ed 7y yo%ng' 4% li)ied nd energeti( st )). Pro0er ttention s&o%ld 7e 0 id to %0gr de (%sto6er ser*i(es.
CONCLESION
1t is e*ident )ro6 t&is re0ort nd t&e )in n(i l st te6ent o) P1313 <S& & 7 P%r Br n(&> t& t it is 6 5ing 0rogress 7y le 0s nd 7o%nds. T&e 0ro)its o) S& & 7 P%r 7r n(& & *e gro.n (onsider 7ly d%ring t&e l st )e. ye rs nd t&is trend is e20e(ted to (ontin%e into t&e )%t%re. T&ere)ore' .e (on(l%de t& t S& & 7 P%r 7r n(& & s *ery 7rig&t )%t%re. 1 t&in5 t&ere is too ) %lt o) t&e (%sto6ers nd in order to 6 5e t&e 0ro0er .or5ing o) t&e 7 n5 t&e (%sto6ers s&o%ld lso (oo0er te .it& t&e 7 n5 .&i(& .ill 7e re lly good 67itio%s nd diligent (ondition )or t&e 7 n5. And t&en 7 n5 .ill 7e re lly in s%(& sit% tion nd 0osition to (o60ete its (o60etitors in t&e (ity s .ell s on intern tion l le*el.
!I!LOGRA,HY
,(a"t-"e an& la. of ban/-n0 -n ,a/-stan 1 D(2 As(a( H2S-&&-3- 4 5t# a&&-t-on boo/ 6a0e No 71 +%8+$, %$*8%9*, %9%8%59, %:98)**, An& $;)8$9*4 Webs-te 7 ...26-"-" "o''e("-al ban/2"o'26/ !an/-n0 C<((en"= an& -nan"e 1.(-tten b= Saee& K#an4 !oo/ ,a0e NO 71 %9, )5, ;5, an& 5;4 Ann<al (e6o(t of 1,ICIC4 )**; Ann<al (e6o(t of 1,ICIC4 )**9 Ann<al (e6o(t of 1,ICIC4 )**+ ,I!AS 1Soft.a(e <se& -n S#a#ab6<(a !(an"#4
1!!
1!1
1!2
1!3
1!4
1!5

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FINAL PROJECT ON BANKING OPERATIONS

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

FARHAN BUTT Roll No. 21045 Registr tion No. 04!PST!4"#2

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

THE HOLLY QURAN SAYS,

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

CO==ERCIAL BANKING IN PAKISTAN

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

BANK POSITION IN 5>@6

B& NATIONALIDATION PERIO?

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

BANK POSITION IN 5>>A

C& POST NATIONALIDATION PERIO?

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

PICIC CO==ERCIAL BANK LI=ITE?

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

=ana.emen! of !he O".ani7a!ion

PRESI?ENT F C0IEF EGECETI;E OFFICER

C0IEF FINANCIAL OFFICER

BOAR? AE?IT CO==ITTEE

=ANAGE=ENT C 0EA? OFFICE

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

39?R13A9 STAFF 3ASH1?R T?3HN13A9 STAFF

N;N!39?R13A9 STAFF M?SS?N+?R $1SPAT3H R1$?R

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

=E?IOCRE LE;EL =ANAGE=ENT

DDDDDDDDDDDDD.. DDDDDDDDDDDDD.. DDDDDDDDDDDDD.. DDDDDDDDDDDDD..

He d ;))i(e Region l ;))i(e Lon l ;))i(e Br n(&

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

FIEL? OF ACTI;ITIES OF PICIC

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

MOHI-UD-DIN ISLAMIC UNIVERSITY, NERIAN SHARIF, AJK.

/e ( n s&o. so6e (le ring s(&ed%le s )ollo.s.

P1313 3;MM?R31A9 BAN- 9T$

BRAN3H NAM? R?3?1M?$ B: :;U

0I01 SHAHABPURA 0I02 -ASHM1R R;A$ 4@01 $AS-A BRAN3H

@'@@@'1"2.00 2'025'"44.00 25'000.00

N1FT S1A9-;T 39?AR1N+ 0 ge 1 o) 1

P1313 3;MM?R31A9 BAN- 9T$

BRAN3H NAM? R?3?1M?$ B: :;U

0I01 SHAHABPURA 0I02 -ASHM1R R;A$ 4@01 $AS-A BRAN3H

1'000'000.00 20'000.00 25'000.00

T;TA9 R?3?31M?$ T;TA9 $?91M?R?$ N?T

1'045'000.00 1'200'000.00 15' 5000.00

N1FT S1A9-;T 25H0"H200" 14.00 P6 39?AR1N+ R?TURN PA+? 1 ;F 1

0I02 -ASHM1R R;A$

0I02 -ASHM1R R;A$

T;TA9 $?91M?R?$ N?T BA9AN3? <A+A1NST>

N1FT S1A9-;T 24H0"H200" 14.00 P6 39?AR1N+ R?TURN PA+? 1 ;F 1

0I02 -ASHM1R R;A$

0I02 -ASHM1R R;A$

T;TA9 $?91M?R?$ N?T BA9AN3? <FAM?RAB9?> N1FT

P1313 3;MM?R31A9 BAN- 91M1T?$ 9AH;R? T; S1A9-;T 1NT?R31T: 39?AR1N+

78 Net ( s& )lo. )ro6 inesting (tiities <2@0@4J#> <#I1J#I>