National Bank of Pakistan : Transmission of Annual Report for the Year Ended December 31, 2023

National Bank of Pakistan

NBP

PK0078001010

Banks

Company Profile

Analysts' Consensus

Latest news about National Bank of Pakistan

Chart National Bank of Pakistan

Income Statement Evolution

Quarterly earnings - Rate of surprise

Sector Commercial Banks

End-of-day quote Pakistan S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
42.29 ^PKR	-1.90%		-4.08%	+31.70%

Feb. 22	National Bank of Pakistan Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	National Bank of Pakistan Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

March 06, 2024 at 04:48 am EST

TABLE OF CONTENTS

Vision & Mission

Corporate Information

Chairman's Review

Statement of Compliance with the Public Sector Companies (Corporate Governance) Rules, 2013 and Listed Companies (Code of Corporate Governance) Regulations, 2019

Review Report to the Members on Statement of Compliance with Code of Corporate Governance

Statement of Internal Controls

Shariah Board's Annual Report NBP Aitemaad

Notice for 75th Annual General Meeting

Unconsolidated Financial Statements

Directors' Report to the Shareholders

Independent Auditor's Report

Unconsolidated Financial Statements

Consolidated Financial Statements

Directors' Report to the Shareholders

Independent Auditor's Report

Consolidated Financial Statements

Pattern of Shareholding

Form of Proxy

Integrity

is the cornerstone of everything we do

Market leadership

is what we aim across all our target sectors

Agility

and strategic nimbleness will help us adapt to changing market conditions

Good Governance

and transparency

Innovation

to provide for the customer needs of tomorrow

Nation-Building

remains our priority

Employee

engagement through a merit-based culture

CORPORATE INFORMATION

Name of the Company

National Bank of Pakistan

Legal Form

A listed Public Limited Company established in Pakistan on November 9, 1949 under the National Bank of Pakistan Ordinance, 1949

Board of Directors

Mr. Ashraf Mahmood Wathra, Chairman

Mr. Rehmat Ali Hasnie, President/CEO

Mr. Ali Syed, Director

Mr. Nasim Ahmad, Director

Mr. Farid Malik, Director

Mr. Ahsan Ali Chughtai, Director

Mr. Amjad Mahmood, Director

Board Committees

Board Audit Committee

Board Risk & Compliance Committee

Board HR & Remuneration Committee

Board Technology & Digitalization

Committee

Board Inclusive Development Committee

NY Governance Council

(Sub-Committee of BRCC)

Company Secretary

Mr. Syed Muhammad Ali Zamin

Legal Advisor

Khalid Anwar & Co.Advocates &

Legal Advisors

Accounting Year End

December 31

Auditors of 2023

A.F. Ferguson & Co. Chartered Accountants BDO Ebrahim & Co. Chartered Accountants

Registrar and Share

Registration Office:

CDC Share Registrar Services Limited,

CDC House, 99-B,Block-B, S.M.C.H.S.,

Main Shahrah-e-Faisal, Karachi, Pakistan

Registered and Head office:

NBP Building I.I. Chundrigar Road, Karachi, Pakistan

Phone: 92-21-99220100 (30 lines),

Phone: 92-21-99062000 (60 lines),

Phone: Banking: 111-627-627

UAN: 111-111- 500

Website:

www.nbp.com.pk

STOCK EXCHANGE LISTING

Pakistan Stock Exchange

Symbol - "NBP"

ANNUAL REPORT 2023

ORGANOGRAM / GOVERNANCE

NBP governance structures are designed to ensure an appropriate balance of authority and decision-making, driving accountability, transparency,

and integrity across the organisation. The Bank's governance structure is set out below:

EXTERNAL AUDITORS		SHAREHOLDERS		REGULATORS
		BOARD OF DIRECTORS
The Board of Directors serves as the custodian of the Bank's corporate governance and is empowered to delegate authority and responsibilities pertaining to	Secretary
speciﬁc functions to any committee or committees as it thinks ﬁt. The Board determines the strategic objectives and policies of the Bank to deliver long-term	Board of
	value by providing overall strategic direction within a framework of reward incentives and controls.		Directors
		BOARD COMMITTEES
Board Audit	Board Risk &	Board HR &	Board Inclusive	Board Technology &	NBP - NY Governance Council
Committee	Compliance Committee	Remuneration Committee	Development Committee	Digitalization Committee	(Sub-Committee of BRCC)

General oversight of		Determine and review the
Assess all risks faced by the	human resources and
ﬁnancial reporting, internal
bank and recommend	remuneration policies and
controls and functions
Appropriate risk management	recommend policies for
relating to internal and
policies to the board.	approval by the board on
external audit.
	Matters related to the hr.

Review and recommend	Review and assess all the	Addressing concerns and
Development ﬁnance strategy
Technological advancements	ensuring compliance with all
and relevant policies for the
& digital initiatives and	applicable laws and
bank in the sectors related to
recommend related policies	regulatory instructions of the
low-cost housing, sme,
to the board.	respective host jurisdictions.
agriculture, etc.

PRESIDENT / CEO

Management

Compliance

Executive

Enterprise Risk

Asset and Liability

Management Credit

Committee for

Expense Approval

HR Committee for

Committee

Overseas

Committee

Management

of Management

Operations Credit

THE LEADERSHIP TEAM

BUSINESS, CONTROL & SUPPORT GROUPS

Corporate &

Treasury &

Aitemaad

Special

Logistics,

Retail

Inclusive

Digital

Internal Audit

Risk

Financial

Information

Marketing

Legal

Investment

Capital

Islamic

Assets

Compliance

Operations

Banking

Development

Banking

& Inspection

Management

Control

Technology

Management

and

Division

Banking

Markets

Banking

Management

Communication

Business

Control

Support

HIGHLIGHTS 2023

Profitability	Financial Position

Profit Before Tax	Profit After Tax		Advances		Deposits
PKR 101.2 Bn	PKR 51.8 Bn		PKR 1.6 Tn		PKR 3.7 Tn
61.4%		70.5%		13.4%		37.8%

Financial Soundness

Total	CET-1	Net Stable	Liquidity	Leverage	NPL
Capital		Funding	Coverage		Coverage
25.47%	19.16%	259%	176%	3.12%	92.19%

Credit Rating

PACRA		A1+ Short-Term
	AAA Long-Term

VIS		A-1+ Short-Term
	AAA Long-Term

8	NATIONAL BANK PAKISTAN

OUR NATIONAL IMPACT

Corporate	Unparalleled Nationwide Coverage
Loans	9MN+	1,508

	Customers	Domestic Branches
	1,400+	750+
		The Largest Rural

ATMs with 98% Up-time	Branch Network

Economic Value Generated

PKR 750 Bn

18%

Agriculture Loan

PKR 1,071 Bn

97%

to Depositors, Suppliers, the Governments, Colleagues, Shareholders and the Community

CSRommuniInitiativesyInvestment

PKR 90 Bn

23.1 PKR 8845.Mn1Bn

Community Investment

Taxes to the Government

Islamic Banking Assets

PKR 49.4 Bn

PKR 140.2 Bn

53% 28.2%

ANNUAL REPORT 2023	9

Attention: This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

Original Link
Original Document
Permalink

Disclaimer

National Bank of Pakistan published this content on 06 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 09:48:06 UTC.

National Bank of Pakistan Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 21	CI
National Bank of Pakistan Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-27	CI
National Bank of Pakistan Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-29	CI
National Bank of Pakistan Appoints Rehmat Ali Hasnie as Its New Chief Executive Officer	23-08-08	CI
National Bank of Pakistan Appoints Rehmat Ali Hasnie as Its New President	23-08-08	CI
National Bank of Pakistan Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-27	CI
National Bank of Pakistan Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-09	CI
Pakistani rupee strengthens 3.5% versus dollar in interbank market	23-03-03	RE
Pakistani rupee strengthens 2.38% versus dollar in interbank market	23-03-03	RE
National Bank of Pakistan Appoints Mr. Nasim Ahmad as Director	23-02-27	CI
National Bank of Pakistan Announces Executive Appointments	23-01-30	CI
National Bank of Pakistan Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-10-27	CI
Explainer-Pakistan hopes to get off global dirty money watchdog's 'grey list'	22-10-20	RE
National Bank of Pakistan(KASE:NBP) dropped from S&P Global BMI Index	22-09-19	CI
National Bank of Pakistan Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-16	CI
Pakistan's largest city flooded in latest bout of torrential rain	22-07-11	RE
National Bank of Pakistan Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-27	CI
National Bank of Pakistan Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-07	CI
National Bank of Pakistan Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-10-27	CI
National Bank of Pakistan Appoints Ahsan Ali Chughtai as Director	21-06-28	CI
National Bank of Pakistan Announces the Cessation of Muhammad Sohail Rajput as Director	21-05-27	CI
National Bank of Pakistan Reports Earnings Results for the First Quarter Ended March 31, 2021	21-04-28	CI
National Bank of Pakistan Reports Earnings Results for the Full Year Ended December 31, 2020	21-02-24	CI
National Bank of Pakistan Reports Earnings Results for the Third Quarter Ended September 30, 2020	20-10-27	CI
National Bank of Pakistan Reports Earnings Results for the Second Quarter Ended June 30, 2020	20-09-02	CI

Duration

Period

More charts

National Bank of Pakistan (the Bank) is a Pakistan-based commercial bank. The Bank is engaged in providing commercial banking and related services in Pakistan and overseas. The Bank also handles treasury transactions for the Government of Pakistan (GoP) as an agent to the State Bank of Pakistan (SBP). The Bank operates through six segments: Retail Banking Group, Inclusive Development Group, Corporate and Investment Banking, Treasury, International Financial Institution and Remittance, and Head Office / Others. Retail Banking Group includes retail lending and deposits, banking services, cards, and branchless banking. Inclusive Development Group consists of loans to individuals, agriculture, small and medium enterprises (SME), commodity and commercial customers. The Bank also provides services in respect of endowment funds for student loan schemes. The Bank operates approximately 1,509 branches in Pakistan, including 188 Islamic Banking branches and 18 overseas branches.

Sector

Banks

More about the company

More financial data

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

42.29 PKR

Average target price

48 PKR

Spread / Average Target

+13.50%

Consensus

Company calendar

Total Income

Pre-Prov. Profit

Total Assets

Investments

PKR 209.3 Bn

PKR 115.7 Bn

PKR 6.6 Tn

PKR 4.4 Tn

	1st Jan change	Capi.
NATIONAL BANK OF PAKISTAN	+31.70%	323M
AGRICULTURAL BANK OF CHINA LIMITED	+16.61%	210B
PT BANK CENTRAL ASIA TBK	+2.39%	73.14B
ANZ GROUP HOLDINGS LIMITED	+7.99%	54.82B
CRÉDIT AGRICOLE S.A.	+13.25%	47B
INDUSTRIAL BANK CO., LTD.	+1.36%	47.1B
CHINA CITIC BANK CO., LTD.	+19.29%	44.81B
JAPAN POST BANK CO., LTD.	+10.93%	36.6B
QATAR NATIONAL BANK (Q.P.S.C.)	-16.21%	35.14B
INVEST BANK	-96.60%	32.24B

Commercial Banks