Bank Alfalah : Transmission of Quarterly Report for the Period Ended June 30, 2023

H A L F Y E A R LY R E P O RT - J U N E 3 0, 2 02 3

( U N - AU D I T E D )

The Way Forward

Contents

Company Information	2
Directors' Review - English	6
Directors' Review - Urdu	11
Unconsolidated Condensed Interim Financial Statements	12
Independent Auditors' Review Report	13
Unconsolidated Condensed Interim Statement of Financial Position	14
Unconsolidated Condensed Interim Prot and Loss Account (Un-audited)	15
Unconsolidated Condensed Interim Statement of Comprehensive Income (Un-audited)	16
Unconsolidated Condensed Interim Statement of Changes in Equity	17
Unconsolidated Condensed Interim Cash Flow Statement (Un-audited)	18
Notes to and Forming Part of the Unconsolidated Condensed Interim Financial
Statements (Un-audited)	19
Consolidated Condensed Interim Financial Statements	52
Consolidated Condensed Interim Statement of Financial Position	53
Consolidated Condensed Interim Prot and Loss Account (Un-audited)	54
Consolidated Condensed Interim Statement of Comprehensive Income (Un-audited)	55
Consolidated Condensed Interim Statement of Changes in Equity	56
Consolidated Condensed Interim Cash Flow Statement (Un-audited)	57
Notes to and Forming Part of the Consolidated Condensed Interim Financial
Statements (Un-audited)	58

HALF YEARLY REPORT - JUNE 30, 2023	01

Company Information

Board of Directors

1. Sheikh Nahayan Mabarak Al Nahayan Chairman/Director

Abdulla Nasser Hawaileel Al Mansoori

Director

Abdulla Khalil Al Mutawa

Director

Khalid Mana Saeed Al Otaiba

Director

Khalid Qurashi

Director

Dr. Gyorgy Tamas Ladics

Director

Dr. Ayesha Khan

Director

Atif Aslam Bajwa

President/CEO and Director

02 BANK ALFALAH

Senior Management Team

Atif Aslam Bajwa	Chief Financial Ofcer
President and Chief Executive Ofcer	Anjum Hai
Aasim Wajid Jawad
Group Head, Strategy, Transformation and Customer Experience	Company Secretary
Anjum Hai
Muhammad Akram Sawleh
Chief Financial Ofcer
Faisal Farooq Khan	Chief Internal Auditor
Chief Human Resource Ofcer
Tahir Khurshid
Faisal Rabbani
Chief Risk Ofcer	Auditors
Haroon Khalid
A. F. Ferguson & Co.
Group Head, Compliance and Control
Chartered Accountants
Khawaja Muhammad Ahmad
Group Head, Operations and Corporate Services	Registered/Head Ofce
Mehreen Ahmed
B. A. Building
Group Head, Retail Banking
I. I. Chundrigar Road
Mohib Hasan Khan	Karachi, Pakistan
bankalfalah.com
Chief Information Ofcer
Muhammad Akram Sawleh	Share Registrar
Company Secretary and Group Head, Legal and Corporate Affairs
Dr. Muhammad Imran	F. D. Registrar Services (Pvt.) Limited
1705, 17th Floor, Saima Trade Tower-A
Group Head, Islamic Banking	I. I. Chundrigar Road
Muhammad Yahya Khan	Karachi, Pakistan.
Group Head, Digital Banking	Legal Advisor
Pervez Shahbaz Khan
Group Head, Treasury and Financial Markets	Mandviwalla & Zafar
	Advocates and Legal Consultants

Saad ur Rahman Khan

Group Head, Corporate, Investment Banking and International Business (Resigned in July, 2023)

Tahir Khurshid

Group Head, Audit and Inspection

Zahid Anjum

Group Head, Special Assets Management

HALF YEARLY REPORT - JUNE 30, 2023	03

Board Committees

Board Audit Committee (BAC)	Board Risk Management Committee (BRMC)
Khalid Qurashi	Khalid Mana Saeed Al Otaiba
Chairman	Chairman
Abdulla Khalil Al Mutawa	Abdulla Khalil Al Mutawa
Member	Member
Khalid Mana Saeed Al Otaiba	Khalid Qurashi
Member	Member
Dr. Ayesha Khan	Atif Aslam Bajwa
Member	Member
Mr. Tahir Khurshid	Mr. Farhan Ali
Secretary	Secretary

Board Human Resources, Remuneration &	Board Compensation Committee (BCC)
Nominations Committee (BHR&NC)
Dr. Ayesha Khan	Dr. Ayesha Khan
Chairperson	Chairperson
Abdulla Khalil Al Mutawa	Abdulla Khalil Al Mutawa
Member	Member
Khalid Mana Saeed Al Otaiba	Khalid Mana Saeed Al Otaiba
Member	Member
Dr. Gyorgy Tamas Ladics	Mr. Muhammad Akram Sawleh
Member	Secretary
Khalid Qurashi
Member
Mr. Muhammad Akram Sawleh
Secretary

04 BANK ALFALAH