Bank AL Habib : BAHL - Transmission of Quarterly Report for the period ended March 31, 2022

CONTENTS

Corporate Information

2

Directors' Review

4

Unconsolidated Condensed Interim Statement of Financial Position

6

Unconsolidated Condensed Interim Profit and Loss Account

7

Unconsolidated Condensed Interim Statement of Comprehensive Income

8

Unconsolidated Condensed Interim Statement of Changes in Equity

9

Unconsolidated Condensed Interim Cash Flow Statement

10

Notes to the Unconsolidated Condensed Interim Financial Statements

11

Consolidated Financial Statements

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CORPORATE INFORMATION

Board of	Abbas D. Habib	Chairman
Directors*	Anwar Haji Karim
Farhana Mowjee Khan
Syed Mazhar Abbas
Qumail R. Habib	Executive Director
Arshad Nasar
Murtaza H. Habib
Mohammad Rafiquddin Mehkari
Javed Iqbal
Adnan Afridi
Mansoor Ali Khan	Chief Executive
Audit	Arshad Nasar	Chaired by**
Committee	Syed Mazhar Abbas	Member
Anwar Haji Karim	Member
Human Resource	Arshad Nasar	Chaired by**
& Remuneration	Syed Mazhar Abbas	Member
Committee	Abbas D. Habib	Member
Farhana Mowjee Khan	Member
Credit Risk	Syed Mazhar Abbas	Chairman
Management	Qumail R. Habib	Member
Committee	Murtaza H. Habib	Member
Risk Management	Adnan Afridi	Chairman
Committee	Qumail R. Habib	Member
Farhana Mowjee Khan	Member
Anwar Haji Karim	Member
IT	Abbas D. Habib	Chairman
Committee	Qumail R. Habib	Member
Arshad Nasar	Member
Syed Mazhar Abbas	Member
Mansoor Ali Khan	Member
IFRS 9	Arshad Nasar	Chaired by**
Committee	Qumail R. Habib	Member
Company
Secretary	Mohammad Taqi Lakhani

*Election of Directors was held in the Annual General Meeting (AGM) of the Bank on March 29, 2022; State Bank of Pakistan's clearance has been requested and is in process.

**Meeting chaired by Mr. Arshad Nasar as requested/recommended by the Committees members.

Chief Financial
Officer	Ashar Husain
Statutory	EY Ford Rhodes
Auditors	Chartered Accountants
Legal	LMA Ebrahim Hosain
Advisor	Barristers, Advocates & Corporate Legal Consultants
Registered	126-C, Old Bahawalpur Road,
Office	Multan
Principal	2nd Floor, Mackinnons Building,
Office	I.I. Chundrigar Road,
Karachi
Share	CDC Share Registrar Services Limited
Registrar	CDC House 99-B, Block-B, S.M.C.H.S.
Main Shahrah-e-Faisal, Karachi-74400.
Website	www.bankalhabib.com

DIRECTORS' REVIEW

It is our pleasure to present the un-audited financial statements of Bank AL Habib Limited along with the un-audited consolidated financial statements of Bank AL Habib Limited and the Bank's Subsidiaries AL Habib Capital Markets (Private) Limited and AL Habib Asset Management Limited for the quarter ended March 31, 2022.

Alhamdolillah, during the period under review, the performance of the Bank continued to

be satisfactory. The deposits increased to Rs. 1,367.5 billion as compared to Rs. 1,309.8 billion on December 31, 2021. In the same period, advances increased to Rs. 747.2 billion

from Rs. 733.8 billion, while investments decreased to Rs. 753.5 billion from Rs. 826.6

billion. The pre-tax profit of the Bank for the quarter ended March 31, 2022 was Rs. 8.18 billion as compared to Rs. 7.06 billion during the corresponding period last year. The profit

after tax for the quarter ended March 31, 2022 was Rs. 4.96 billion compared with Rs. 4.60

billion during 2021.

By the Grace of Allah, the Bank now has a network of 990 offices, comprising 957 branches, 29 sub-branches, and 4 Representative Offices. Our branch network includes 142 Islamic Banking Branches and 2 Overseas Branches. Continuing with our branch expansion policy, the Bank intends to open more branches during the year 2022.

Alhamdolillah, Pakistan Credit Rating Agency Limited (PACRA) has maintained the Bank's long term entity and short term entity ratings at AAA (Triple A) and A1+ (A One plus), respectively. This long term credit rating AAA (Triple A) denotes the highest credit quality with the lowest expectation of credit risk, and indicates exceptionally strong capacity for timely payment of financial commitments.

The ratings of our unsecured, subordinated Term Finance Certificates (TFCs) have been upgraded from AA+ (Double A Plus) to AAA (Triple A) for TFC-2018 and TFC-2021, and AA (Double A) to AA+ (Double A Plus) for TFC-2017 (perpetual). These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.

We wish to thank our customers, for their continued trust and support, local & foreign correspondents for their confidence and cooperation, and the State Bank of Pakistan for their guidance. We also thank all our staff members for their sincerity, dedication and hard work.

Mansoor Ali Khan	Abbas D. Habib
Chief Executive	Chairman
Board of Directors
Karachi: April 19, 2022

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