ESCORTS INVESTMENT BANK LIMITED CORPORATE BRIEFING
SESSION
ANNUAL ACCOUNT 2023
CONTENTS
1)
2)
3)
4)
5)
6)
7)
Brief introduction Company Timelines Board of Directors Branch Network Credit Rating Financial Highlights Questions / Answer Session
1. Brief Introduction
EIBL is a premier institution offering innovative financial
solution to corporate, financial and individual investor through wide range of products and services
- Escorts Investment Bank Limited (EIBL) is a Non-Banking Financial Institution with valid IFS license. It was registered and incorporated in Pakistan on 15th May 1995 and is listed on Pakistan Stock Exchange Limited.
- In the year 2018, sponsorship and management control was taken over by BTPL from the outgoing sponsors.
- EIBL focuses primarily on lending business including Housing Finance, Corporate Finance & Micro Finance and it is the first NBFC in Pakistan to offer Housing Finance.
2. COMPANY TIMELINES
Accomplishing More in Less Time
On January 08, 2018, Bahria Town | |||
(Private) Limited, a leading real | |||
estate developer, acquired | On boarded SAP Gold | ||
33,628,176 shares of the company | Bank's paid up | Partner Abacus | Bank has stepped into |
(76.254% of total share holding) along | Consulting for | ||
with management control of the | capital raised to Rs. | implementation of ERP | Microfinance Gold |
company and injected PKR 1.2 billion | 1.356 billion through | and end to end field | Financing and pension |
in the bank. | Right Issue. | force automation. | loans scheme. |
In 1996, EIBL, a Non-
Banking Finance20182018 20192020 2021 2022 2023
Company (NBFC)
commenced operations.
Microfinance operations have | Bank has opened another | |
further been expanded to | ||
Microfinance branch at | ||
The bank opened its | Sheikhupura, Gojra, | |
Sialkot. | ||
branches in Lahore, Karachi, | Rawalpindi and Karachi, | |
Rawalpindi and Raiwind. | taking the total number of | |
branches to 12. |
3. Board of Directors
Syed Tahir Nawazish
Chairman/ Director
Mr. Tahir Nawazish is currently serving as Chairman, Board of Directors at Central Power Generation Company, Guddu (GENCO II) and as Director for GENCO Holding Private Limited, since 2016. He has also remained Chairman, Bord of Directors at First Fidelity Leasing Modaraba for the past 13 years. He
also served as Senior Industry Consultant for Teradata
Corporation Limited for the period 2010-2018. He is currently serving as Chairman/Director at Escorts Investment Bank Limited
Mr. Basit R. Malik
CEO/ Director
Mr. Basit Rahman Malik is seasoned banker with over three
decades of experience with multiple commercial local and
international banks. He served as Country Head of Standard Chartered Bank and has been looking after the SME division. He is a graduate from Boston University with majors in banking and finance. During his tenure, his contribution for
developing growth strategies were well acclaimed and
appraised.
He recently joined EIBL as Chief Executive and Director of the Company.
ESCORTS INVESTMENT BANK - BOARD OF DIRECTORS
EIBL's board (BOD) comprises two Executive, three Non-Executive and one Independent Directors. Currently four committees are assisting the Board for smooth operations of the bank.
MR. Qasif Shahid | Ms. Madiha Arooj | |
Director | Female Director |
Mr. M. Rasheed Alam
Executive Director
Mr. Shahid Hosain Kazi
Independent Director
Mr. Qasif | Shahid | is |
serving as | a Co-founder |
- CEO of Finja (FinTech) and has more than 25 years of experience in working , consulting and partnering with banks in multiple geographies including East Africa, Singapore UAE and Pakistan with a specific focus on digital and
mobile-led banking products and services.
* The company has duly filed their related documents with SECP for seeking final approval.
Ms. Madiha Arooj is a
result-oriented and dynamic Corporate Affairs leader with extensive management and liaison experience in Pakistan's highly competitive real estate industry with proven track record of
spearheading and coordinating national and international business ventures on behalf of Bahria Town (Pvt.)
Limited.
Together We Prosper
Mr. M. Rasheed Alam is
serving as an Executive Director in Escorts Investment Bank Limited and has over 25 years broad-based professional experience in the financial services sector.
He is a Masters in Business Administration from a renowned university.
Mr. Shahid Hosain Kazi is presently serving as CEO of ROZEE.PK and he is seasoned C-Level Executive with over 28 years of banking and corporate experience in different institutions, departments, territories & jurisdictions and in various capacities.
-
The company has duly
filed their related documents with SECP for seeking final approval.
4. Branch Network
HEAD OFFICE
Ground Floor,
26-Davis Road,
Lahore | SAMBRIAL BRANCH | ||||||
RAWALPINDI/ISLAMABAD BRANCH | SHEIKHUPURA BRANCH | ||||||
GOJRA BRANCH | |||||||||||||||
HAFIZABAD BRANCH | |||||||||||||||
KARACHI BRANCH | LAHORE BRANCH | ||||||||||||||
ELLAHABAD BRANCH | |||||||||||||||
NANKANA | BRANCH | ||||||||||||||
5. Credit Rating by PACRA
Short Term Rating is A2
A satisfactory capacity for timely repayment.
This may be susceptible to adverse changes in business, economic, or financial conditions.
Long Term Rating is BBB+
Good credit quality.
Low expectation of credit risk.
The capacity for timely payment of financial commitments is considered adequate.
The ratings denote an adequate capacity of timely payment of financial commitments made by Escorts Investment Bank.
6. Financial Highlights
REVENUE AND EXPENDITURE ANALYSIS
Total revenue has increased immensely since acquisition and this is primarily due to increase in finance portfolio and mark-up income on investments. However, during COVID-19, Government significantly
reduced interest rates which could not be capitalized
during pandemic period. However, in current year the Company started to undertake business again and hope to achieve new heights soon.
Markup expense has decrease significantly due to issuance of right issue in previous year and repayment
to outgoing group sponsors loan during the period.
Later after application of IFRS -16, certain financial cost is incurred which is primarily relating to branches.
Total Revenue
300,000
250,000
200,000
150,000
100,000
50,000
0
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Markup Expense
250,000
200,000
150,000
100,000
50,000
0
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| 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
Escorts Investment Bank Ltd. published this content on 14 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 13:37:55 UTC.
