Moving a click ahead
Moving a click ahead
At Askari, we believe there is no substitute to technology. Technology drives creativity, innovation, and the future. With this belief we have embarked upon a major initiative by introducing stateof-the-art technology solutions for all key areas of banking i.e., core banking, client relationship, human resource, risk management, finance and vendor management, to make ourselves ready for the banking of the future, to operate in a hi-tech era and to enhance our capabilities to compete in the local and global marketplace. It isn’t just about a year or two, we are set to turn intersecting ideas and our fledgling technologies into a bank that can continue to innovate in times to come. We are excited about entering into a new era of technological advancements and that is the expression on this year’s cover.
01 02 04 06 08 10 12 16 18 19 20 21 22 24 28 30 31 32 44 46 47 48 50 52 Financial Highlights Pakistan’s Economic Profile 18 Years of banking What we stand for Vision & Mission Corporate Information Directors’ Profile Notice of 18th Annual General Meeting Management Organogram Risk Management Framework Entity Ratings Corporate Social Responsibility President’s Message Technology Initiative Value Added Statement Askari Bank’s Presence Business and Operations Review Financial Review Financial Calendar Share & Debt Information Horizontal & Vertical Analysis Decade’s Performance Summary Directors’ Report
Financial Statements of Askari Bank Limited
67 69 70 72 73 74 75 76 Statement of Compliance Review Report to the Members Auditors’ Report to the Members Statement of Financial Position Profit and Loss Account Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements
Consolidated Financial Statements of Askari Bank Limited and its Subsidiaries
131 132 133 134 135 136 191 192 194 202 203 204 207 Auditors’ Report to the Members... [continues]
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