JS Bank : Transmission of Annual Report of JS Bank Limited for the year Ended December 31, 2023

MONEY AND CULTURES

Take a look at worldwide cultures with us and explore the interesting ways each society handles its personal finances.

ABOUT JS BANK

1. Vision

1. Mission
2. Company Information
3. Corporate Values

1. Code of Conduct

ORGANIZATIONAL OVERVIEW

1. Operating Structure

1. Products and Services

1. Credit Rating
2. Composition of the Board
3. Profile of the Board of Directors

1. Our Presence
2. Staff Strength
3. Organizational Structure

1. Corporate Profile of the Bank
2. Chairman's Review

1. Directors' Report

PERFORMANCE AND POSITION

1. Highlights
2. Six Years' Financial Summary
3. Six Years' Vertical Analysis
4. Six Years' Horizontal Analysis
5. Six Years' Financial

Performance

1. Graphical Presentation of Financial Statements
2. Financial Ratios
3. Direct Method Cash Flow
   Statement
4. DuPont Analysis
5. Economic Value-Added Statement
6. Summary of Cash Flows

1. Free Cash Flows
2. Analysis of Capital Adequacy Ratio
3. Category of Investments
4. Non-PerformingLoans
5. Advances by Segment
6. Funding Mix

1. Quarterly Performance
2. Markup and Non-Markup
   Income
3. Market Share Information
4. Share Price Sensitivity Analysis
5. Sensitivity Analysis-Foreign Currency Fluctuations
6. JS Bank Calendar of Major
   Events - 2023
7. Value Chain

STRATEGY AND RESOURCE ALLOCATION

1. Strategic Objectives

1. Strategies in Place

1. Resource Allocation Plan
2. Strategy to Overcome Liquidity Problem

1. Significant Changes from Prior
   Years
2. Business Model

IDENTIFICATION AND MITIGATION OF RISKS AND OPPORTUNITIES

96 Risk, Opportunities, and

related Mitigating Factors

102 Risk Management Framework

CORPORATE GOVERNANCE

106 Role and Responsibilities of the Board

1. Sub-Committeesof the Board

1. Annual Evaluation of the Board's Performance
2. Role & Responsibilities of the Chairman

107 Role & Responsibilities of the President & CEO

107 Board's Performance Evaluation

107 Formal Orientation Courses for

Directors

107 Directors' Training

107 Directors' Remuneration

1. Security Clearance of Foreign Director
2. Board Meetings Held Outside Pakistan

1. Policy for Actual and Perceived Conflict of Interest

1. Investors' Grievance Policy

1. Whistleblowing Policy
2. Related Parties Policy

1. Business Continuity Plan
2. Report of the Audit Committee

112 Salient Features of Board Committees'

TOR

1. Management Committees
2. IT Governance

119 Human Resource Management Policies

SUSTAINABILITY AND CORPORATE SOCIAL RESPONSIBILITY

126 Sustainability and Corporate Social Responsibility

133 HR Initiatives towards Corporate Responsibilty

STAKEHOLDERS RELATIONSHIP AND ENGAGEMENT

140 Steps to Encourage Minority Shareholders' Participation in AGMs

140 Issues raised in last AGM, decisions taken and their implementation status

140 Investor Relation Section on Corporate Website

140 Corporate Briefing Session

1. Customer Grievance Redressal Practices

1. Statement and Distribution of
   Value Added
2. Excellence in Corporate Reporting

INDEPENDENT AUDITORS' REVIEW REPORT - CCG

STATEMENT OF COMPLIANCE WITH LISTED COMPANIES (CCG REGULATIONS, 2019)

Annual Report 2023

UNCONSOLIDATED

FINANCIAL STATEMENTS

152 Auditors' Report to the Members on Unconsolidated Financial Statements

1. Unconsolidated Statement of Financial Position
2. Unconsolidated Profit and Loss Account
3. Unconsolidated Statement of Comprehensive Income
4. Unconsolidated Statement of Changes in Equity
5. Unconsolidated Cash Flow Statement
6. Notes to the Unconsolidated Financial Statements

1. Annexure - I

1. Annexure - II

CONSOLIDATED

FINANCIAL STATEMENTS

262 Directors' Report on Consolidated

Financial Statements

268 Auditors' Report to the Members on Consolidated Financial Statements

1. Consolidated Statement of Financial Position
2. Consolidated Profit and Loss Account
3. Consolidated Statement of Comprehensive Income
4. Consolidated Statement of Changes in Equity
5. Consolidated Cash Flow Statement
6. Notes to the Consolidated Financial Statements

394 Annexure - II

396 Branch Network

1. Pattern of Shareholding

1. Notice of Eighteenth Annual General Meeting

Form of Proxy

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Pakistan

SAB SATH CHALEIN!

In Pakistan, money is managed collectively within the family and elders make the financial decisions. Pakistanis spend big on weddings and other family occasions and frequently exchange gifts. People save for their children's education, wedding and buying their own house.

About

JS Bank

About

JS Bank

Annual Report 2023

VISION

To be the most innovative, customer centric, and responsible bank in Pakistan.

MISSION

Our mission is to be a world class bank providing innovative financial services to our customers through a motivated team of professionals, supported by the latest technology, whilst maintaining high ethical standards, creating value for all our stakeholders, and contributing to the society through responsible and sustainable development.

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Annual Report 2023

COMPANY INFORMATION

Board of Directors		Auditors
Mr. Adil Matcheswala	Chairman	KPMG Taseer Hadi & Co.
Mr. Khalilullah Shaikh	Independent Director*	Chartered Accountants
Ms. Nargis Ali Akber Ghaloo	Independent Director	Sheikh Sultan Trust Building No. 2, Beaumont Road
Lt. Gen. Retd. Sadiq Ali	Independent Director	Karachi.
Syed Mumtaz Ali Shah	Independent Director	Legal Advisors
Mr. Usman Yousaf Mobin	Independent Director
Mr. Basir Shamsie	President & CEO	Bawaney & Partners
Board Audit Committee		Haidermota & Co.
	Liaquat Merchant Associates
Ms. Nargis Ali Akber Ghaloo	Chairperson	Share Registrar
Lt. Gen. Retd. Sadiq Ali	Member
Mr. Khalilullah Shaikh	Member*	CDC Share Registrar Services Limited
Board Human Resource, Remuneration &	CDC House, 99 - B,
Block 'B',S.M.C.H.S.,
Nomination Committee		Main Shahra-e-Faisal,
Syed Mumtaz Ali Shah	Chairman	Karachi.
Mr. Adil Matcheswala	Member	Registered office
Mr. Usman Yousaf Mobin	Member
Board Risk Management Committee	JS Bank Limited, Shaheen Commercial Complex
Dr. Ziauddin Ahmed Road
Syed Mumtaz Ali Shah	Chairman	P.O. Box 4847, Karachi-74200, Pakistan
Mr. Khalilullah Shaikh	Member*	UAN: +92 21 111 JS Bank (572-265)111-654-321
Lt. Gen. Retd. Sadiq Ali	Member	www.jsbl.com
Mr. Basir Shamsie	Member
Board IT Committee
Mr. Usman Yousaf Mobin	Chairman
Ms. Nargis Ali Akber Ghaloo	Member
Mr. Basir Shamsie	Member

Chief Financial Officer

Mr. Amin Muhammad Virani**

Company Secretary & Head of Legal

Mr. Hasan Shahid**

• Mr. Khalilullah Shaikh was appointed as director of the Bank with effect from December 12, 2023 in place of
  Mr. Shahnawaz Haider Nawabi, whose Fit and Proper Test (FPT) clearance was granted on February 06, 2024 by the State Bank of Pakistan.

• Syed Adeel Ehtesham and Syed Muhammad Talib Raza have been appointed as Chief Financial Officer and Company Secretary of the Bank with effect from March 01, 2024 and March 04, 2024 respectively.

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