Table Of ContentFrom work
to teamwork.
Contents
About the Bank 05
Corporate Information 06
Board of Directors’ Profile 08
Management Committee 10
Chairman’s Message 13
Directors’ Report 15
Consumer Banking and Retail Banking 27
Corporate & Investment Banking 33
Small & Medium Enterprises 37
Islamic Banking 41
International Banking 43
Corporate Citizenship 49
Notice of the Annual General Meeting 52
Statement of Compliance with the 56
Code of Corporate Governance (CCG)
Auditor’s Review Report to the Members 58
on the Statement of Compliance with CCG
Statement on Internal Controls 59
Financial Statements 2012 61
Pattern of Shareholding 155
Branch Network 164
Form of Proxy
From dreams
to reality.
About the Bank
Bank Alfalah Limited was incorporated as a Public Limited Company on
June 21, 1992 under the Companies Ordinance 1984. Its banking operations
commenced from November 1, 1997. The Bank is owned and operated by the
Abu Dhabi Group and is the sixth largest Bank in Pakistan.
Bank Alfalah conducts business through a network of 471 branches
across 163 cities in Pakistan with an international presence in Afghanistan,
Bangladesh, Bahrain and a representative office in the UAE. The Bank
provides financial solutions to consumers, corporations, institutions and
governments through a broad spectrum of products and services, including
corporate and investment banking, consumer banking and credit, securities
brokerage, commercial, SME, agri-finance, Islamic and asset financing.
Bank Alfalah looks ahead with optimism at the future – it aims to continue
investing in its core strengths to provide ‘best in class’ products and services
to its diverse range of clients.
Annual Report 2012 |05
Company Information
Board of Directors Board Strategy and Board Human Resource
Finance Committee Management Committee
H.H. Sheikh Hamdan Bin
Mubarak Al Nahayan Mr. Abdulla Khalil Al Mutawa Mr. Abdulla Khalil Al Mutawa
Chairman Director Director
Mr. Abdulla Khalil Al Mutawa Mr. Khalid Mana Saeed Mr. Khalid Mana Saeed
Al Otaiba Al Otaiba
Director
Director Director
Mr. Abdulla Nasser Hawaileel
Mr. Ikram Ul-Majeed Sehgal Mr. Nadeem Iqbal Sheikh
Al-Mansoori
Director Director
Director
Mr. Atif Bajwa Mr. Atif Bajwa
Mr. Khalid Mana Saeed
Al Otaiba Chief Executive Officer Chief Executive Officer
Director
Mr. M. Iftikhar Shabbir Mr. Mian Ejaz Ahmad
Mr. Ikram Ul-Majeed Sehgal Secretary Secretary
Director
Mr. Nadeem Iqbal Sheikh Board Risk
Director Management
Committee
Mr. Atif Bajwa
Chief Executive Officer
Mr. Khalid Mana Saeed
Al Otaiba
Director
Board Audit Committee
Mr. Abdulla Khalil Al Mutawa
Mr. Abdulla Khalil Al Mutawa
Director
Director
Mr. Ikram Ul-Majeed Sehgal
Mr. Khalid Mana Saeed
Director
Al Otaiba
Director
Mr. Atif Bajwa
Chief Executive Officer
Mr. Nadeem Iqbal Sheikh
Director Mr. Haroon Khalid
Secretary
Mr. Yasar Rashid
Secretary
06 |Bank Alfalah Limited
Central Management Chief Operating Officer
Committee
Mr. Bahauddin Khan
Mr. Atif Bajwa
Chairman
Company Secretary
Mr. Bahauddin Khan
Member Mr. Mian Ejaz Ahmad
Mr. A. Wahid Dada
Member Chief Financial Officer
Mr. Faisal Farooq Khan Mr. Mirza Zafar Baig
Member
Mr. Khurram Hussain Auditors
Member
A. F. Ferguson & Co.
Ms. Mehreen Ahmed Chartered Accountants
Member
Mr. Mirza Zafar Baig Registered / Head Office
Member
B. A. Building
Mr. Mohammad Yousuf I. I. Chundrigar Road,
Karachi, Pakistan.
Member
www.bankalfalah.com
Mr. Saad Ur Rahman Khan
Member
Mr. Syed Ali Sultan
Member
Mr. Abdul Rauf Danka
Secretary
Annual Report 2012 |07
Board of Directors
H.H. Sheikh Hamdan Bin Mr. Abdulla Nasser Mr. Abdulla Khalil Mr. Khalid Mana
Mubarak Al Nahayan Hawaileel Al Mansoori Al Mutawa Saeed Al Otaiba
His Highness Sheikh Mr. Abdulla Nasser Mr. Abdulla Khalil Al Mr. Khalid Mana Saeed Al
Hamdan Bin Mubarak Al Hawaileel Al Mansoori is a Mutawa is the General Otaiba is the Office
Nahayan is a prominent prominent businessman of Manager of H.E. Sheikh Manager of His
member of the ruling Abu Dhabi, UAE. He is Suroor Bin Mohammad Excellency Dr. Mana
family of Abu Dhabi, UAE. Chairman of the Board, Al Al Nahyan (Private Saeed Al Otaiba
He is Chairman Bank Nasser Holdings and Office). He is a Board (Personal Advisor to His
Alfalah and Alfalah Group Companies which Member of ‘Emirates Highness the President of
Insurance Company Ltd. is involved in petroleum Banks Association, UAE’. UAE). He is also Deputy
sciences, retail, and He is also a Director Chairman of Al Otaiba
His Highness currently industries in steel, power of Abu Dhabi Group of Companies.
serves as Minister of the and dredging and Commercial Bank Ltd.
UAE Federal Cabinet, real-estate. He was also and Alfalah Exchange Mr. Khalid is a Director of
President of the Higher Director of the National Company, Abu Dhabi. Alfalah Insurance
Committee for UAE Civil Investor, Abu Dhabi, UAE. Company Limited,
Seaport & Airport Mr. Abdulla Khalil Pakistan and holds a
Security along with his Mr. Abdulla Nasser Al Mutawa holds a B.Sc. Bachelor of Arts &
position as Chairman of Hawaileel holds a B.Sc. degree in Business Science from Suffolk
the Board for National (Hons) degree in Electrical Administration from University of
Transport Authority, Engineering from University of North Carolina Massachusetts,
Sheikh Zayed Housing Swansea University, UK. at Charlottee, USA. Boston, USA.
Program and Royal Jet.
His Highness graduated
from UAE University in
Al Ain with a double
major in Economics
and Administration.
08 |Bank Alfalah Limited
Description:continuously improving service quality and delivery .. customer service and its leadership position in Consumer Finance. public limited company under the Companies Ordinance, 1984. It commenced its banking operations on. November 1, 1992. The Bank's registered office is at B. A. Building,
