ANNUAL REPORT
2022
PERSISTENCE DRIVES US TOWARDS FINANCIAL REVIVAL.
-
OUR
PURPOSE
Enhancing Quality of Banking and Contributing
to a future.
Online
You can find more information about the apna bank at
www.apnabank.com.pk
KEY PERFORMANCE
INDICATORS
Based on results
of the Bank as presented in the Financial Statements
(PKR in million)
Deposit
and Other
Accounts
Total
Assets
Mark-Up/
Return/
Interest
Earned
Loss
After
Tax
22,606
2021: 22,084
19,587
2021: 23,660
2,266
2021: 908
(4,489)
2021: (1,931)
Advances
-net of
Provisions
Total
Equity
Loss
Before
Tax
Loss
Per
Share
8,354
2021: 11,506
(4,047)
2021: 442
(4,876)
2021: (2,643)
(10.47)
2021: (4.84)
TABLE OF
CONTENTS
About AMBL | 3 |
Vision & Mission Statement | 4 |
Core Values & Bank's Philosophy | 5 |
Organizational Chart | 6 |
Key Financial and Operational Data at a | 7 |
Glance | |
Board of Directors | 8 |
Corporate Information | 9 |
How We Performed | 10 |
Chairman's Review | 12 |
President / CEO's Message | 13 |
Directors' Report to the members | 14 |
Directors' Report (Urdu) | 29 |
Statement Showing Attendance of Board | 30 |
Meetings | |
Statement of Compliance with listed | 31 |
companies the Code of Corporate | |
Governance | |
Review Report to the Members | 33 |
Ethics and Business Practices | 34 |
Pattern of Shareholding | 37 |
Categories of Shareholders | 38 |
Major Loans Products | 40 |
FINANCIAL STATEMENTS
Independent Auditors' Report | 42 |
Balance Sheet | 47 |
Profit and Loss Account | 48 |
Statement of Comprehensive Income | 49 |
Cash Flow Statement | 50 |
Statement of Changes in Equity | 51 |
Notes to the Financial Statements | 52 |
Notice for the twentieth Annual | 86 |
General Meeting | |
Form of Proxy | 88 |
ABOUT AMBL
Apna Microfinance Bank Limited is managed by group of highly experienced bankers. We are committed to providing specialized financial services to the less privileged, marginlized and poor segements of society . We support economic empowerment of women & micro-entrepreneursin the Agri and Micro enterprises in rural areas of Pakistan. The Bank has been opertaing at national level in Pakistan.
Our main focus is to provide personalized services to the poor segment of the society through our dedicated products aimed at changing their life-style by entering them in micro-entrepreneurship at the lowest mark-up rate in the market.
We aim to:
- Arrange capacity building of under served masses by improving attitudes, skill, knowledge and ability to initiate and manage economically viable projects.
- Provide finances, advances and other
credit facilities for the development of agriculture and rural market sector including production, marketing and house finance facilities.
- Mobilize savings by accepting deposits in savings and other specialized deposit products.
- Combine the knowledge base with the modern management methodology, latest technology, sophisticated financial instruments, universal micro-banking concepts and current corporate sciences.
- Create and perpetuate a culture of balanced approach for the development of market related competitive and innovative financial services. Introducing a culture of innovation and excellence with a view to find acceptable solutions to real and conceived impediments for promoting a true microfinancial regime.
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