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 | |||||||||||||||||
Committee | Committee | Committee | 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 | HR | 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 |
7
HIGHLIGHTS 2023
Profitability | Financial Position |
Total Income | Pre-Prov. Profit | Total Assets | Investments | |||
PKR 209.3 Bn | PKR 115.7 Bn | PKR 6.6 Tn | PKR 4.4 Tn | |||
36.4% | 53.6% | 26.9% | 26.6% | |||
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 |
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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.