Transmission of Third Quarterly Financial Statements for the period ended September 30, 2025

THIRD QUARTERLY

We are a team of committed professional, providing innovative and efficient financial solutions to create and nurture long-team relationships with our customers. In doing so, we ensure that out shareholders can invest with confidence in us.

The standards and principles which determine our behavior and how we interact with our customers and each other.

On behalf of the Board of Directors, we are pleased to present the financial statements of MCB Bank Limited (MCB) for the nine months ended September 30, 2025.

Performance Review

On a standalone basis, the profit before and after taxation for the period ended September 30, 2025 together with appropriations is as under:

Rs. in Million

Profit Before Taxation

Taxation

Profit After Taxation

Un-appropriated Profit Brought Forward

Surplus realized on disposal of investments in equity instruments through FVOCI - net of tax

Surplus realized on disposal of revalued property and equipment - net of tax Surplus realized on disposal of non-banking assets - net of tax

Transfer in respect of incremental depreciation from surplus on

revaluation of property & equipment to un-appropriated profit-net of tax

Profit Available for Appropriation Appropriations:

Statutory Reserve

Final Cash Dividend at Rs. 9.0 per share - December 2024 First Interim Cash Dividend at Rs. 9.0 per share - March 2025 Second Interim Cash Dividend at Rs. 9.0 per share - June 2025

Total Appropriations

Un-appropriated Profit Carried Forward

MCB Bank reported a Profit Before Tax (PBT) of Rs. 29.42 billion for the third quarter of 2025, taking cumulative PBT for the nine months ended September 30, 2025, to Rs. 87.48 billion. Profit After Tax (PAT) stood at Rs. 41.10 billion, translating into Earnings Per Share (EPS) of Rs.

34.68 compared to Rs. 40.88 in the corresponding period last year. The effective tax rate for the period was 53% (9M 2024: 49%), reflecting an increase in corporate tax rate for banking companies, enacted in the last quarter of 2024. On a consolidated basis, the Bank posted a PBT of Rs. 94.88 billion. These results underscore MCB's prudent balance sheet management, consistent focus on core banking operations, and adherence to sound risk governance practices.

Net interest income declined by 5.8% year-on-year, primarily reflecting the impact of monetary easing. However, this effect was partially offset by the Bank's strategic emphasis on no-cost deposit mobilization, which delivered a robust 29% growth in current deposits on an absolute and 21% on an average basis.

Non-markup income stood at Rs. 26.0 billion, reflecting a decline of 3.1% over the corresponding period last year. Fee and commission income decreased by 15% to Rs. 13.98 billion, primarily due to intensified competition in the home remittances business. Foreign exchange income recorded a 5% growth to Rs. 7.9 billion, while dividend income rose sharply by 30% to Rs. 3.2 billion. The Bank continued to benefit from sustained momentum in its digital banking franchise, supported by growing customer adoption of electronic channels and payment solutions. Card-related income grew by 18% year-on-year, driven by higher transaction volumes and enhanced product offerings, while branch banking fee income rose by 14% on the back of higher customer engagement and improved cross-sell activity.

Operating expenses increased by 14.6% year-on-year, reflecting the Bank's continued investment in technology, talent development and brand-building initiatives aimed at supporting long-term growth. Despite this planned expansion in the cost base, the Bank maintained a healthy cost-to-income ratio of 37.65%, demonstrating strong cost discipline and prudent financial management alongside its ongoing focus on operational excellence and innovation.

On the balance sheet side, MCB Bank's total assets grew by 20% to Rs. 3.23 trillion, driven by a 72% increase in net investments. Gross advances declined by 38%, reflecting a cautious and prudent lending approach. Asset quality remained strong, with non-performing loans reported at Rs. 50 billion, an infection ratio of 7.35%, and a coverage ratio of 92.24%.

Deposits closed at Rs. 2.23 trillion, supported by a historic increase of Rs. 272 billion in current deposits, reaffirming the Bank's strength in cost-effective deposit mobilization. This favorable shift in deposit coupled with decline in the policy rate, led to a significant reduction in the domestic cost of deposits to 5.01%, compared to 10.47% in the corresponding period of 2024. The Bank reported a Return on Assets (RoA) of 1.85% and Return on Equity (RoE) of 23.50%, while the Book Value per Share improved to Rs. 201.85.

MCB maintained its position as one of the leading players in the home remittance segment, processing USD 3,437 million during the nine-month period; an increase of 7.6% over the corresponding period last year. Leveraging its extensive branch network and expanding digital channels, the Bank continued to play a key role in supporting the State Bank of Pakistan's financial inclusion and formal remittance initiatives, contributing to the country's foreign exchange inflows and overall economic stability.

The Bank's capital and liquidity positions remained robust, with the Capital Adequacy Ratio (CAR) standing at 19.88% and the Common Equity Tier-1 (CET1) ratio at 15.37%, well above the minimum regulatory requirements. Liquidity buffers remained strong, reflected in a Liquidity Coverage Ratio (LCR) of 267.46% and a Net Stable Funding Ratio (NSFR) of 163.92%.

The Board of Directors declared a thrid interim cash dividend of Rs. 9.00 per share (90%), in addition to the 180% dividend paid earlier, bringing the total cash dividend for the nine month period ended September 30, 2025 to 270%.

Despite a challenging operating environment, MCB Bank remains well-positioned for sustainable growth, supported by its strong capital base, robust liquidity profile, and disciplined risk management framework. The Bank continues to focus on operational excellence, customer-centric innovation, and long-term value creation for its stakeholders.

Ratings

Pakistan Credit Rating Agency re-affirmed credit ratings of MCB at "AAA / A1+" for long term and short term respectively, through its notification dated June 23, 2025.

Economic Review The global economy experienced substantial uncertainty during the third quarter of 2025, predominantly driven by evolving trade tensions and ongoing geopolitical risks. The enactment and escalation of tariffs and trade barriers disrupted international supply chains, exerting significant pressure on manufacturing and distribution networks worldwide. As a result, prices for key inputs like steel, aluminum, and copper rose significantly, leading companies to adjust their supply strategies to lessen their exposure to tariffs and increasing shipping expenses.

Despite these obstacles, global equity markets exhibited notable resilience, achieving considerable gains in the third quarter of 2025. This performance was primarily fueled by optimistic expectations regarding potential easing of monetary policy and advancements in artificial intelligence technologies. Investors, cognizant of persistent inflationary pressures and policy uncertainties, increased allocations to safe-haven assets. As of September, gold prices surged by 47% year-to-date, reflecting robust demand from central banks and private investors seeking portfolio security.

In the United States, fiscal policy discussions intensified, with particular focus on proposed tax reforms and budget deficits. Investor caution intensified in response to concerns over fiscal sustainability, emphasizing the viability of government debt and the timing of Federal Reserve rate adjustments, which remain uncertain.

Overall, trade tensions and fiscal uncertainties contributed to increased market volatility during third quarter of 2025. These interconnected factors highlight the complexities involved in economic forecasting and underscore the necessity of vigilant monitoring of policy and geopolitical developments that could influence future trajectories and reshape the global financial architecture.

Pakistan's economy demonstrated a mixed trajectory throughout the third quarter. Early in the year, inflationary pressures appeared to ease; however, inflation subsequently accelerated to 5.6% in September from 3% in August, primarily attributable to supply chain disruptions caused by flooding's. The State Bank of Pakistan (SBP) maintained its policy rate at 11% in September, citing ongoing global volatility and heightened inflationary risks associated with the flooding events. The SBP adopted a cautious stance towards economic expansion to mitigate the risk of re-accumulating balance of payments pressures.

The current account deficit widened in the third quarter, as import growth exceeded export increases. The deficit for FY2026 (July-September) amounted to USD 594 million, up from USD 502 million during the same period last year. The total export proceeds stood at USD 7.6 billion, a decrease of 3.88% compared to USD 7.91 billion during the same period in FY2025 (July - September), while the country's total import bill reached USD 17.03 billion, reflecting a 13.88% increase compared to USD 14.95 billion in the comparative period. Remittances from overseas workers grew by 8.4% year-over-year in July-September, partially alleviating trade pressures. Foreign exchange reserves remained stable at approximately USD 20 billion as of September, supported by disciplined reserve management by the SBP.

On the fiscal front, the government approved the FY2026 budget, setting total expenditures at Rs. 17.57 trillion and targeting tax revenues of Rs. 14.13 trillion, representing a 9% increase over the previous year. The fiscal deficit was targeted at 3.9% of GDP (Rs. 5.04 trillion), achievable

through tighter expenditure controls and enhanced revenue collection efforts. Additionally, the government aims to realize a primary surplus of 2.4% of GDP, reflecting a commitment to fiscal discipline and macroeconomic stability.

Future Outlook

Looking ahead, the global economic outlook for fourth quarter of 2025 remains cautiously optimistic, with anticipated annual growth of 3.2%, according to the IMF. Nonetheless, unresolved trade disputes, increased tariffs, and ongoing geopolitical tensions continue to present significant risks. Developments in US and Chinese policies, the emergence of new trade barriers, and heightened market volatility necessitate vigilant monitoring. The phenomenon of "front-loading" trade, where companies expedite imports ahead of tariff increases, may result in temporary stockpiling, increased storage costs, and subsequent declines in demand.

Central banks worldwide are expected to carefully balance efforts to maintain price stability with measures to support financial markets. While moderate growth remains the outlook, prevailing uncertainties related to policy and trade issues highlight the importance of stability and international cooperation among nations.

Pakistan's economic outlook for the fourth quarter of 2025 encompasses both challenges and emerging opportunities amidst ongoing policy deliberations. The government has set a real GDP growth target of 4.2% for the FY2026, with efforts focused on enhancing stability across key sectors through disciplined fiscal strategies and sectoral reforms. Recent indicators reflect a robust finish to FY2025, with fourth quarter growth reaching 5.66% and the total annual growth at 3.04%, driven primarily by a recovery in the industrial and services sectors.

While stabilization measures are in progress, headline inflation is anticipated to remain elevated and might surpass the SBP's target range of 5 - 7% in the later part of FY2026, primarily due to supply-side pressures from flooding's. The external sector could face increased challenges stemming from sustained import activity, although strong remittance flows will continue to serve as a financial cushion. Foreign exchange reserves are expected to remain stable, with projections indicating that SBP reserves could reach approximately USD 15.5 billion by December 2025, reflecting prudent management and healthy inflows.

Key risks continue to include global commodity price volatility and external debt obligations, alongside uncertainties from regional geopolitical events. Nevertheless, ongoing policy reforms, fiscal discipline, and IMF-supported programs have helped strengthen investor confidence and macroeconomic resilience. Continued progress in these areas will be vital to maintaining economic stability and supporting sustained growth throughout FY2026.

Appreciation and Acknowledgements The Board of Directors of MCB Bank Limited would like to extend their sincere gratitude towards the Government of Pakistan, the State Bank of Pakistan, the Securities & Exchange Commission of Pakistan and other regulatory bodies for their continued support and guidance, all shareholders and customers of the Bank for their trust, and our employees for their continuous dedication and commitment.

For and on behalf of the Board of Directors,

October 22, 2025

MCB Bank Limited MCB Bank Limited

8 9

As At September 30, 2025

. Note Unaudited

Audited

For The Nine Months Period Ended September 30, 2025

Quarter Ended Nine Months Ended

September 30, 2025 December 31, 2024

Note

July 01 to

September 30,

July 01 to

September 30,

January 01 to September 30,

January 01 to September 30,

---------Rupees in '000---------

2025

2024

2025

2024

ASSETS

Cash and balances with treasury banks 7

Balances with other banks 8

Lendings to financial institutions 9

Investments 10

Advances 11

Property and equipment 12

Right-of-use assets 13

Intangible assets 14

Other assets 15

Total Assets

LIABILITIES

Bills payable 17

Borrowings 18

Deposits and other accounts 19

Lease liabilities 20

Subordinated debt

Deferred tax liabilities 21

Other liabilities 22

Total Liabilities

NET ASSETS REPRESENTED BY

Share capital

Reserves 23

Surplus on revaluation of assets 24

Unappropriated profit

CONTINGENCIES AND COMMITMENTS 25

168,507,615

27,841,879

55,655,504

1,167,452,611

1,041,626,286

82,694,343

6,045,346

1,314,143

152,201,578

2,703,339,305

41,827,458

268,486,812

1,922,211,999

9,586,216

-16,637,759

174,329,721

2,433,079,965

270,259,340

11,850,600

104,929,819

43,053,137

110,425,784

270,259,340

Mark-up / return / interest earned 27

Mark-up / return / interest expensed 28

Net mark-up / interest income

NON MARK-UP / INTEREST INCOME

Fee and commission income 29

Dividend income Foreign exchange income Income from derivatives

Gain on securities - net 30

Net gains / (loss) on derecognition offi nancial assets measured at amortised cost Other income 31

Total non-markup / interest Income

Total income

NON MARK-UP / INTEREST EXPENSES

Operating expenses 32

Workers Welfare Fund

Other charges 33

Total non-markup / interest expenses

Profit before credit loss allowance

Credit loss allowance and write offs - net 34

PROFIT BEFORE TAXATION

Taxation 35

PROFIT AFTER TAXATION

--------------------------Rupees in '000--------------------------

(Restated) (Restated)

---------Rupees ---------

The annexed notes 1 to 43 form an integral part of these unconsolidated condensed interim financial statements.

Basic and diluted earnings per share 36 11.64 13.94 34.68 40.88

The annexed notes 1 to 43 form an integral part of these unconsolidated condensed interim financial statements.

Property and equipment / non-banking assets

Investments

Non-distributable Exchange translation capital reserve reserve

Share premium

Quarter Ended Nine Months Ended

July 01 to

September 30,

2025

July 01 to

September 30,

2024

January 01 to September 30,

2025

January 01 to September 30,

2024

---------Rupees in '000---------

Profit after taxation for the period

13,791,825

16,514,326

41,097,529

48,450,548

Other comprehensive income

Items that may be reclassified to statement of profit and loss account in subsequent periods:

Effect of translation of net investment in foreign branches

Movement in surplus / (deficit) on revaluation of debt investments through FVOCI - net of tax

(824,140)

14,213,918

9,618,959

17,696,841

Items that will not be reclassified to statement of profit and loss account in subsequent periods:

Movement in surplus / (deficit) on revaluation of equity investments through FVOCI - net of tax

6,071,212

(81,363)

6,243,910

1,930,489

Total comprehensive income

19,038,897

30,646,881

56,960,398

68,077,878

The annexed notes 1 to 43 form an integral part of these unconsolidated condensed interim financial statements.

Balance as at December 31, 2023 (Audited) Impact of adoption of IFRS 9 - net of tax Opening balance as at January 01, 2024

Profit after taxation for the period ended September 30, 2024 Other comprehensive income - net of tax

Effect of translation of net investment in foreign branches Movement in surplus / (deficit) on revaluation of equity investments through FVOCI - net of tax Movement in surplus / (deficit) on revaluation of debt investments through FVOCI - net of tax

Transfer to statutory reserve

Transfer in respect of incremental depreciation from surplus on revaluation of

of property and equipment to unappropriated profit - net of tax Surplus realized on disposal of investments in equity instruments through FVOCI - net of tax Surplus realized on disposal of revalued property and equipment - net of tax Surplus realized on disposal of non-banking assets - net of tax

Transactions with owners, recorded directly in equity Final cash dividend at Rs. 9.0 per share - December 31, 2023 Interim cash dividend at Rs. 9.0 per share - March 31, 2024 Interim cash dividend at Rs. 9.0 per share - June 30, 2024

Balance as at September 30, 2024 (Un-audited) - Restated

Profit after taxation for the three months period ended December 31, 2024 Other comprehensive income - net of tax

-----------------------------------------------------------------------------------------------Rupees in '000-----------------------------------------------------------------------------------------------

For The Nine Months Period Ended September 30, 2025

For The Nine Months Period Ended September 30, 2025

11,850,600 23,751,114 908,317 8,585,375 46,878,730 18,600,000 (11,938,715) 36,031,912 96,039,536 230,706,869

- - - - - - (5,119,484) - 799,307 (4,320,177) 11,850,600 23,751,114 908,317 8,585,375 46,878,730 18,600,000 (17,058,199) 36,031,912 96,838,843 226,386,692

- - - - - - - - 48,450,548 48,450,548

- - - 272,399 - - 19,354,931 - - 19,627,330

- - - - 4,845,055 - - - (4,845,055) -

- - - - - - - (109,251) 109,251 -

- - - - - - (349,136) - 349,136 -

- - - - - - - (13,222) 13,222 -

- - - - - - - (16,804) 16,804 -

- - - - - - - - (31,996,620) (31,996,620) 11,850,600 23,751,114 908,317 8,857,774 51,723,785 18,600,000 1,947,596 35,892,635 108,936,129 262,467,950

- - - - - - - - 9,163,962 9,163,962

Effect of translation of net investment in foreign branches Movement in surplus on revaluation of property and equipment - net of tax Movement in surplus on revaluation of non-banking assets - net of tax Remeasurement gain on defined benefit obligations - net of tax Movement in surplus / (deficit) on revaluation of equity investments through FVOCI - net of tax Movement in surplus / (deficit) on revaluation of debt investments through FVOCI - net of tax

-

-

-

-7,619,448

(689,576)

-(212,382)

172,433

(212,382)

(20,063)

2,423,108

7,619,448

(689,576)

-

-

-2,423,108

-

-

(20,063)

-

-

-

Transfer to statutory reserve

Transfer in respect of incremental depreciation from surplus on revaluation of

of property and equipment to unappropriated profit - net of tax Surplus realized on disposal of investments in equity instruments through FVOCI - net of tax Surplus realized on disposal of non-banking assets - net of tax

Transactions with owners, recorded directly in equity

Interim cash dividend at Rs. 9.0 per share - September 30, 2024

Balance as at December 31, 2024 (Audited) Effect of reclassification on adoption of IFRS 9 (note 4.1.1) Opening balance as at January 01, 2025

Profit after taxation for the period ended September 30, 2025 Other comprehensive income - net of tax

Effect of translation of net investment in foreign branches Movement in surplus / (deficit) on revaluation of equity investments through FVOCI - net of tax Movement in surplus / (deficit) on revaluation of debt investments through FVOCI - net of tax

- - - 172,433 - - 6,929,872 (232,445) 2,423,108 9,292,968

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

- - - - 916,396 - - - (916,396) -

- - - - - - - (36,417) 36,417 -

- - - - - - (1,444,847) - 1,444,847 -

- - - - - - - (3,257) 3,257 -

- - - - - - - (10,665,540) (10,665,540)

- - - - - - - - (10,665,540) (10,665,540)

11,850,600 23,751,114 908,317 9,030,207 52,640,181 18,600,000 7,432,621 35,620,516 110,425,784 270,259,340

- - - - - - 1,197,351 - - 1,197,351

Transfer to statutory reserve

Transfer in respect of incremental depreciation from surplus on revaluation of

of property and equipment to unappropriated profit - net of tax Surplus realized on disposal of investments in equity instruments through FVOCI - net of tax Surplus realized on disposal of revalued property and equipment - net of tax Surplus realized on disposal of non-banking assets - net of tax

Transactions with owners, recorded directly in equity Final cash dividend at Rs. 9.0 per share - December 31, 2024 Interim cash dividend at Rs. 9.0 per share - March 31, 2025 Interim cash dividend at Rs. 9.0 per share - June 30, 2024

Balance as at September 30, 2025 (Un-audited)

For details of dividend declaration and appropriations, please refer note 41 to these unconsolidated condensed interim financial statements. For details of reserves, please refer note 23 to these unconsolidated condensed interim financial statements.

The annexed notes 1 to 43 form an integral part of these unconsolidated condensed interim financial statements.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(10,665,540)

(10,665,540)

(10,665,540)

(10,665,540)

(10,665,540)

(10,665,540)

For The Nine Months Period Ended September 30, 2025

Nine Months Ended

For The Nine Months Period Ended September 30, 2025

1. STATUS AND NATURE OF BUSINESS

   Note January 01 to

   September 30,

   2025

   January 01 to September 30,

   2024

   MCB Bank Limited (the 'Bank') is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank's ordinary shares are listed on the Pakistan stock exchange. The Bank's Registered Office and Principal Office are situated at MCB - 15 Main Gulberg, Lahore. The Bank operates 1,396 branches (2024: 1,394 branches) within Pakistan and 9 branches

   CASH FLOW FROM OPERATING ACTIVITIES

   Profit before taxation Less: Dividend income

   Adjustments:

   Net mark-up / interest income Depreciation on property and equipment Depreciation on right-of-use assets

   Depreciation on non-banking assets acquired in satisfaction of claims Amortization

   Credit loss allowance and write offs - net Gain on sale of property and equipment - net

   (Gain) / loss on sale of non-banking assets acquired in satisfaction of claims - net Finance charges on lease liability against right-of-use assets

   Workers Welfare Fund

   Reversal for defined benefit plans - net

   Gain on termination of lease liability against right-of-use assets Unrealized (gain) / loss on revaluation of investments classified as FVTPL

   Decrease / (increase) in operating assets Lendings to financial institutions Securities classified as FVTPL Advances

   Others assets (excluding advance taxation)

   ----------Rupees in '000--------

   87,482,713	95,110,152
   (3,154,588)	(2,435,542)
   84,328,125	92,674,610
   (108,804,125)	(115,471,835)
   3,239,350	2,764,419
   1,275,611	1,139,394
   12,332	14,007
   412,910	431,705
   (5,544,373)	665,378
   (318,029)	(170,329)
   -	(42,500)
   1,227,730	1,028,753
   1,749,654	1,902,203
   (763,680)	(309,544)
   (43,443)	(68,213)
   (275,344)	38,915
   (107,831,407)	(108,077,647)
   (23,503,282)	(15,403,037)
   (53,865,091)	(26,460,290)
   2,003,958	2,759,117
   412,757,828	(103,949,189)
   (17,257,730)	54,092,219
   343,638,965	(73,558,143)
   (30,520,833)	(14,460,137)
   243,200,013	69,722,673
   309,445,493	259,438,633
   (8,456,704)	4,162,974
   513,667,969	318,864,143
   212,669,848	258,698,772
   (132,168,234)	(150,771,162)
   (205,951)	(257,200)
   (55,511,313)	(56,279,021)
   858,588,002	281,294,352
   (805,526,491)	(223,440,886)
   (3,600,399)	1,873,591
   3,120,921	2,604,883
   (9,869,881)	(6,729,095)
   1,745,529	227,220
   (420,579)	(711,677)
   151,000	182,500
   -	(1,000,000)
   (63,144)	272,399
   (814,463,044)	(226,721,065)
   (2,102,169)	(1,772,676)
   (31,726,126)	(31,747,936)
   (33,828,295)	(33,520,612)
   (2,083)	61,139
   10,294,580	21,113,814
   191,778,966	204,809,108
   830,231	(114,129)
   (562,567)	(782,928)
   192,046,630	203,912,051
   202,341,210	225,025,865

   (Restated)

   32

   32

   32

   32

   34

   31

   31

   28

   31

   30

2. 2.1

   2.2

   2.3

   2.4

   2.5

   (2024: 9 branches) outside Pakistan (including the Karachi Export Processing Zone branch).

   BASIS OF PREPARATION

   These unconsolidated condensed interim financial statements represent separate financial statements of MCB Bank Limited. The consolidated condensed interim financial statements of the Group are being issued separately.

   In accordance with the directives of the Federal Government regarding the shifting of the banking system to Islamic modes, the State Bank of Pakistan has issued various circulars from time to time. Permissible forms of trade-related modes of financing include purchase of goods by banks from their customers and immediate resale to them at appropriate profit in price on deferred payment basis. The purchases and sales arising under these arrangements are not reflected in these unconsolidated condensed interim financial statements as such but are restricted to the amount of facility actually utilized and the appropriate portion of profit thereon.

   The unconsolidated condensed interim financial statements are presented in Pak Rupees, which is the Bank's functional and presentation currency of its primary economic environment. The amounts are rounded off to the nearest thousand.

   These unconsolidated condensed interim financial statements have been prepared under the historical cost convention except that certain classes of property and equipment and non-banking assets acquired in satisfaction of claims are stated at revalued amounts; investments classified at fair value through profit and loss and fair value through other comprehensive income; foreign exchange contracts and derivative financial instruments are measured at fair value; defined benefit obligations are carried at present value; right of use of asset and related lease liability are measured at present value on initial recognition; and staff loans and subsidised loans / borrowings under Temporary Economic Refinance Facility (TERF) are measured at fair value on initial recognition.

   The Bank believes that there is no significant doubt on the Bank's ability to continue as a going concern. Therefore, the unconsolidated condensed interim financial statements have been prepared on a going concern basis.

   Increase / (decrease) in operating liabilities Bills Payable

3. STATEMENT OF COMPLIANCE

   Borrowings from financial institutions Deposits

   Other liabilities (excluding current taxation)

   Mark-up / interest received Mark-up / interest paid Defined benefits paid Income tax paid

   Net cash flow from operating activities

   CASH FLOW FROM INVESTING ACTIVITIES

   Net investment in securities classified as FVOCI

   Net (investment) / divestment in securities classified as amortized cost Dividends received

   Investments in property and equipment Proceeds from sale of property and equipment Investments in Intangible assets

   Proceeds from sale of non-banking assets acquired in satisfaction of claims Investment in subsidiary

   Effect of translation of net investment in foreign branches Net cash flow used in investing activities

   CASH FLOW FROM FINANCING ACTIVITIES

   Payment of lease liability against right-of-use-assets Dividend paid

   Net cash flow used in financing activities

   Effects of credit loss allowance changes on cash and cash equivalents

   Increase in cash and cash equivalents

   Cash and cash equivalents at beginning of the period / year Effects of exchange rate changes on cash and cash equivalents

   Opening expected credit loss allowance on cash and cash equivalents

   Cash and cash equivalents at end of the period

   The annexed notes 1 to 43 form an integral part of these unconsolidated condensed interim financial statements.

   4. These unconsolidated condensed interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of:

      • International Accounting Standard 34 "Interim Financial Reporting" and International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) as are notified under the Companies Act 2017;

      • Islamic Financial Accounting Standards (IFAS) issued by the Institute of Chartered Accountants of Pakistan (ICAP) as are notified under the Companies Act, 2017;

      • Provisions of and directives issued under the Banking Companies Ordinance, 1962 and the Companies Act, 2017; and

      • Directives issued by the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP).

      Whenever the requirements of the Banking Companies Ordinance, 1962, the Companies Act, 2017 or the directives issued by the SBP and the SECP differ with the requirements of IAS 34, IFRS or IFAS, the requirements of the Banking Companies Ordinance, 1962, the Companies Act, 2017 and the said directives, shall prevail.

      The State Bank of Pakistan has deferred the applicability of International Accounting Standards 40, 'Investment Property' for Banking Companies through BSD Circular No. 10 dated August 26, 2002. The Securities and Exchange Commission of Pakistan (SECP) has deferred applicability of IFRS 7 "Financial Instruments: Disclosures" on banks through S.R.O 411(1) /2008 dated April 28, 2008. Accordingly, the requirements of these standards have not been considered in the preparation of these unconsolidated condensed interim financial statements.

      IFRS 10 "Consolidated Financial Statements" was made applicable from period beginning on or after January 01, 2015 vide S.R.O 633(I)/2014 dated July 10, 2014 by SECP. However, SECP has directed through S.R.O 56(I) / 2016 dated January 28, 2016, that the requirements of consolidation under section 237 of the repealed Companies Ordinance 1984 (Section 228 of Companies Act, 2017) and IFRS 10 "Consolidated Financial Statements" is not applicable in case of investment by companies in mutual funds established under Trust structure.

      The disclosures made in these unconsolidated condensed interim financial statements have been limited based on a format prescribed by the SBP vide BPRD Circular No. 02 of 2023 dated February 09, 2023 and IAS 34 "Interim Financial Reporting". These unconsolidated condensed interim financial statements do not include all the information and disclosures required in the audited annual financial statements, and should be read in conjunction with the audited annual unconsolidated financial statements for the financial year ended December 31, 2024.

      
      
      Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

      For The Nine Months Period Ended September 30, 2025

      Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

      For The Nine Months Period Ended September 30, 2025

   5. Standards, interpretations of and amendments to approved accounting standards that are effective in the current period

      There are certain new and amended standards, issued by International Accounting Standards Board (IASB), interpretations and amendments that are mandatory for the Bank's accounting periods beginning on or after January 1, 2025 but are considered not to be relevant or do not have any material effect on the Bank's operations and therefore are not detailed in these unconsolidated condensed interim financial statements.

   6. Standards, interpretations and amendments to published approved accounting standards that are not yet effective

      The following new standard and amendments to existing accounting standards will be effective from the dates mentioned below against the respective standard or amendment:

      4.1.2

      Fair Valuation of subsidised loans and borrowings

      The Bank, in accordance with extended timelines prescribed in SBP's BPRD Circular Letter No. 16 dated July 29, 2024, and BPRD Circular Letter No. 01 dated January 22, 2025, had incorporated IFRS 9 requirements related to subsidised loans and borrowings in the last quarter of 2024. Therefore the unconsolidated condensed interim statement of profit and loss account (un-audited) for the period ended September 30, 2024 has been restated to reflect the impact of these requirements. The details are tabulated below:

      Head

      Impact

      Rupees in '000

      Description

      Effective date (annual periods beginning on or after)

      Amendments to IFRS 9 and IFRS 7 - Classification and Measurement of Financial Instruments January 01, 2026 IFRS 18 - Presentation and Disclosure in Financial Statements January 01, 2027

4. MATERIAL ACCOUNTING POLICY INFORMATION

   The material accounting policies and methods of computation adopted in the preparation of these unconsolidated condensed interim financial statements are consistent with those applied in the preparation of the audited annual unconsolidated financial statements of the Bank for the year ended December 31, 2024 except for change mentioned below.

   Mark-up / return / interest earned Mark-up / return / interest earned

   Mark-up / return / interest expensed Operating expenses

   Net Impact

   Increase Increase

   Increase Increase

   Fair value impact of subsidised advances Fair value impact of staff loans

   1,807,433 398,940

   2,206,373

   1,807,433 398,940

   2,206,373

   -

   Fair value impact of subsidised borrowings Fair value impact of staff loans

   1. IFRS 9 - Financial Instruments

      1. Fair Valuation of unquoted equity securities

         With effect from January 01, 2025, unquoted equity investments are valued at their fair value, in accordance with SBP's BPRD Circular Letter No. 16 dated July 29, 2024, which represents the price at which the investment could be sold in an orderly transaction between market participants at the measurement date. Previously, these were measured at the lower of cost and break up value derived on the basis of their latest available audited financial statements. The Bank has adopted this change retrospectively with date of initial application as January 01, 2025, which resulted in changes in accounting policies and adjustments to the carrying amounts of unquoted equity investments previously recognised in the financial statements. In terms of the transitional provisions of IFRS 9, adjustments to the

5. CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS

   The basis for accounting estimates adopted in the preparation of these unconsolidated condensed interim financial statements are the same as that applied in the preparation of the unconsolidated financial statements for the year ended December 31, 2024 except for matters related to IFRS 9 which have been disclosed in note 4.1.1. to these unconsolidated condensed interim financial statements.

6. FINANCIAL RISK MANAGEMENT

   The financial risk management objectives and policies adopted by the Bank are consistent with those disclosed in the unconsolidated financial statements for the year ended December 31, 2024.

   carrying amounts at the date of transition were recognised in the opening reserves at the beginning of the current period without restating the comparative figures.

   Unaudited Audited September 30, 2025 December 31, 2024

   The following table reconciles the carrying amounts of unquoted equity securities under the previous accounting policy and their restated amounts on January 01, 2025.

   Carrying amount as at December 31, 2024

----------Rupees in '000--------

Investments in financial assets

FVOCI - Ordinary shares - Unquoted companies

Cost

(Deficit) / Surplus

Deferred tax asset / (liability)

1. CASH AND BALANCES WITH TREASURY BANKS

   In hand

   Local currency Foreign currencies

   With State Bank of Pakistan in Local currency current account Foreign currency current accounts Foreign currency deposit account

   With other central banks in Foreign currency current accounts

   With National Bank of Pakistan in Local currency current accounts

   Prize bonds

   ----------Rupees in '000--------

   36,773,730

   5,702,061

   39,670,795 5,027,533
   44,698,328
   78,345,808 5,576,373 8,702,691
   92,624,872 16,487,878 26,692,017 109,292 (372,684)
   180,239,703 92,704
   10,295,430 15,442,581
   25,738,011 (192,027)
   25,638,688

   42,475,791

   88,510,145

   4,996,806

   8,178,869

101,685,820

20,199,247

4,559,842

139,503

Effect on net assets

The impact of above on the surplus on revaluation of investments as at January 01, 2025 is as follows:

Surplus on revaluation of investments

Closing balance as at December 31, 2024 - Audited

Increase in the fair valuation of unquoted equity securities carried at FVOCI Less: related deferred tax

Opening balance as at January 01, 2025 - as restated

1,197,351

Rupees in '000

Less: Credit loss allowance held against cash and balances with treasury banks Cash and balances with treasury banks - net of credit loss allowance

1. BALANCES WITH OTHER BANKS

   Inside Pakistan

   In current account

   Outside Pakistan

   In current accounts In deposit accounts

   Less: Credit loss allowance held against balances with other banks Balances with other banks - net of credit loss allowance

   (552,588)

   168,507,615

   11,688

   4,688,039

   23,152,131

27,840,170

(9,979)

27,841,879

For The Nine Months Period Ended September 30, 2025

For The Nine Months Period Ended September 30, 2025

Note Unaudited

Audited

10. INVESTMENTS

Unaudited September 30, 2025

1. LENDINGS TO FINANCIAL INSTITUTIONS

   September 30, 2025 December 31, 2024

   ----------Rupees in '000--------

   10.1 Investments by type:

   Cost / Amortised cost

   Credit loss allowance

   Surplus / (Deficit) Carrying Value

   106,511,917 3,008,700	55,655,526 -55,655,526 (22) 55,655,504
   109,520,617 (82)
   109,520,535

   Call / clean money lendings

   Repurchase agreement lendings (Reverse Repo)

   Less: Credit loss allowance held against lending to financial institutions 9.1

   Lending to financial institutions - net of credit loss allowance

   923,615 8,647,571 1,402,611 1,170,700

   12,144,497

   1,820,174,095 42,917,675 53,088,444

   1,916,180,214

   16,369,115 118 1,236,568 372,040

   17,977,841 700,401 17,968,237

   1,964,971,190

   - - - -

   -

   (228,681) - -

   (228,681)

   (310,860) (118) (474,537) (9,066)

   (794,581) - -

   (1,023,262)

   -		923,615
   43,991		8,691,562
   (5,152)		1,397,459
   236,505		1,407,205
   275,344		12,419,841
   23,989,778		1,843,935,192
   22,472,210		65,389,885
   42,343		53,130,787
   46,504,331		1,962,455,864
   -		16,058,255
   -		-
   -		762,031
   -		362,974
   -		17,183,260
   -		700,401
   -		17,968,237
   46,779,675		2,010,727,603

   Unaudited September 30, 2025 Audited December 31, 2024

   FVTPL

   Federal Government Securities Non Government Debt Securities Foreign securities

   Shares and units

   FVOCI

   3,008,700		-	200,000 - - - - -200,000	(22) - - - - -(22)
   -		-
   -		-
   -		-
   -		-
   -		-
   3,008,700		-
   106,511,917		(82)	55,360,426 95,100 - - - -55,455,526	-
   -				-
   -		-		-
   -		-		-
   -		-		-
   -		-		-
   106,511,917		(82)		-

   Federal Government Securities

   ---------------------------Rupee s in '000---------------------------

   Lending

   Lending

   Credit loss allowance held

   Credit loss allowance held

   Shares

   Foreign Securities

   1. Particulars of credit loss allowance

Domestic

Performing Stage 1

Under performing Stage 2

Non-performing Stage 3 Substandard

Doubtful Loss

Total

Overseas

----------Rupees in '000---------

Amortised Cost

Federal Government Securities Provincial Government Securities Non Government Debt Securities Foreign securities

Associates Subsidiaries Total Investments

Audited December 31, 2024

Performing Stage 1

Under performing Stage 2

Non-performing Stage 3 Substandard

Doubtful Loss

Total

Amortised cost

allowance

• Market Treasury Bills

• Pakistan Investment Bonds

Performing Non Performing Total

Audited December 31,

2024

--------------------------------------------------------------Rupee s in '000-------------------------------------------------------------

651,205,440 1,065,724,710

29,476,937 29,097,456

680,682,377 1,094,822,166

(53,195,880)

1,041,626,286

Audited December 31,

2024

----------Rupees in '000--------

565,798,453 969,073,725

114,883,924 125,748,441

680,682,377 1,094,822,166

Unaudited September 30, 2025 Audited December 31, 2024

Credit loss allowance

------------------------------------Rupee s in '000-----------------------------------

687,259

286,404

1,147,921

34,211,855

36,333,439

220,855

214,694

4,723,032

5,158,581

41,492,020

11.2.1 This includes non-performing portfolio of agricultural, small enterprise and infrastructure project financing classified as "Other Assets Especially Mentioned" as per the requirements of respective Prudential Regulations issued by the State Bank of Pakistan.

Outstanding Credit loss Outstanding Credit loss amount allowance held amount allowance held

-----------------------Rupees in '000------------------------

1,020,131,094 4,609

Unaudited

September 30, December 31, 2024 September 30,

2025

(46,170,486)

634,511,891

Unaudited September 30,

2025

Non Performing Loans

1,431,702

510,274

2,279,272

35,068,633

39,289,881

461,349

429,388

13,370,600

14,261,337

53,551,218

1,850,070 -

475,478 475,478

52,781,005

496,012 770,213

53,551,218

(41,492,020)

11,190,572 12,059,198

1,022,456,642 480,087

Audited

Credit loss allowance

63,417,054 -

8,986,614 640,873

- -72,403,668 640,873

(38,863,656)

1,094,860,310 1,120,960

Unaudited

2025

49,558,216

50,054,228

Advances include Rs. 50,054.228 million (2024: Rs. 53,551.218 million) which have been placed under Stage 3 status as detailed below:

Non Performing Loans

Unaudited September 30, 2025

Country of incorporation

% of interest held

Revenue

Profit / (loss) after tax

Total comprehensive income / (loss)

Assets Liabilities

Associates

Euronet Pakistan (Private) Limited (unaudited based on September 30, 2025)

Adamjee Insurance Company Limited (unaudited based on June 30, 2025)

Subsidiaries

MCB Islamic Bank Limited

(unaudited based on September 30, 2025)

MCB Investment Management Limited (unaudited based on September 30, 2025)

MCB Non-Bank Credit Organization Closed Joint Stock Company

(unaudited based on September 30, 2025)

MCB Exchange Company (Private) Limited (unaudited based on September 30, 2025)

----------------------- Rupees in '000 -----------------------

Unaudited September 30,

Audited December 31,

Note

2025

2024

601,647,224 1,012,943,705

28,980,925 28,327,243

630,628,149 1,041,270,948

11.3

(7,306,830)

(11,703,860)

623,321,319 1,029,567,088

Note

11.2.1

Audited December 31, 2024

Country of incorporation

% of interest

Revenue

Profit / (loss) after tax

Total comprehensive

Assets Liabilities

11. ADVANCES

Loans, cash credits, running finances, etc. Bills discounted and purchased Advances - gross

Credit loss allowance against advances

• Stage 1

• Stage 2

• Stage 3

• General Provision

Advances - net of credit loss allowance

11.1

Particulars of advances (gross)

In local currency In foreign currencies

11.2

Category of Classification

Domestic Other Assets Especially Mentioned (OAEM) Substandard

Doubtful Loss

Overseas Substandard Doubtful Loss

Total

held income / (loss)

81.42% 1,326,832

110,046

689,151

689,151

5,929,848

1,960,313

Azerbaijan

99.94%

802,864

161,544

161,544

6,792,513

5,196,564

Pakistan

100.00%

56,498

(25,662)

(25,662)

1,127,681

4,054,421

Pakistan

30.00% 1,670,564

217,572

217,572

3,102,158

2,603,883

Pakistan

20.00% 33,082,955

2,738,412

Pakistan

238,578,859

192,083,254

Pakistan

100.00% 22,927,839

1,702,398

1,197,698

316,935,023

289,791,319

For The Nine Months Period Ended September 30, 2025

92,724

(959,238)

(5,152)

(88,823)

65,807

1,149,557

(789,959)

(590,925)

291,604

(147,230)

454,034 (141,673) (894,682) (86,953) (669,274)

- - (1,120,526) - (1,120,526)

- - (1,191,935) - (1,191,935)

25,711 89,119 1,178,554 4,133,596 5,426,980

2,400,994 845,982 41,492,020 8,456,884 53,195,880

Unaudited September 30, 2025 Audited December 31, 2024

2025

2024

Outstanding amount

Credit loss allowance Held

Outstanding amount

Credit loss allowance Held

Note

Unaudited September 30,

2025

Audited December 31,

2024

General Provision

Overseas

36,333,439

8,232,386

47,149,713

1. RIGHT-OF-USE ASSETS

   Right-of-use assets 13.1

   ----------Rupees in '000--------

   6,911,955

   6,045,346

   Performing Stage 1

   Under performing Stage 2

   Non-performing Stage 3

   Substandard Doubtful Loss

   General Provision

   Total

   250,825

   412,263

   220,855

   214,694

   4,723,032

5,158,581

224,498

6,046,167

53,195,880

Unaudited September 30, 2025 Audited December 31, 2024 Buildings Others Total Buildings Others Total

For The Nine Months Period Ended September 30, 2025

Unaudited

Audited

For The Nine Months Period Ended September 30, 2025

Unaudited

Audited

Note

September 30,

2025

December 31,

2024

September 30,

2025

December 31,

2024

1. INTANGIBLE ASSETS

   Computer software Capital work-in-progress

   ----------Rupees in '000--------

   665,293	918,862
   656,140	395,281
   1,321,433	1,314,143

   15.1.1 Movement in credit loss allowance held against other assets

   Opening balance

   Impact of ECL on adoption of IFRS 9

   ----------Rupees in '000--------

   3,610,740 -

   50,141 (25,767)

   24,374 (250) 13,873

   3,648,737

   3,370,145

   123,113

   Unaudited Nine Months Period ended September 30, 2025

   Unaudited Nine Months Period ended September 30, 2024

   Charge for the period / year Reversal for the period / year

   193,068

   (58,447)

134,621

1. 1. Additions to intangible assets

      The following additions have been made to intangible assets during the period: Computer software

      Capital work-in-progress - net of transferred out for capitalization

      ----------Rupees in '000--------

      159,720 260,859	885,191 -885,191
      420,579

      Amounts written off

      Exchange and other adjustments Closing balance

      16. CONTINGENT ASSETS

      There were no contingent assets of the Bank as at September 30, 2025 (2024: Nil).

      Unaudited

      (521)

      (16,618)

      3,610,740

      Audited

      Unaudited September 30,

      Audited December 31,

      September 30,

      2025

      December 31,

      58,669,242	53,058,018
      1,321,475	904,108
      20,394,325	9,440,982
      1,267,239	1,380,837
      296,565	-
      1,000,297	1,588,049
      -	2,096,975
      127,124	157,610
      33,300,932	34,343,175
      14,526,556	13,336,849
      36,627,313	25,743,659
      6,473,410	6,112,869
      640,892	598,183
      4,498,568	6,489,863
      179,143,938	155,251,177
      3,648,737	3,610,740
      175,495,201	151,640,437
      511,407	561,141
      176,006,608	152,201,578
      40,091		40,091
      640,892		598,183
      75,040		99,361
      2,892,714		2,873,105
      3,648,737		3,610,740

      2024

      2025

      2024

      ----------Rupees in '000--------

2. OTHER ASSETS

   Income / mark-up accrued in local currency Income / mark-up accrued in foreign currencies

   Advances, deposits, advance rent and other prepayments Non-banking assets acquired in satisfaction of claims Branch adjustment account

   Mark to market gain on forward foreign exchange contracts

   Mark to market gain on forward contracts of government securities Unrealized gain on derivative financial instruments

   Acceptances 22

   Receivable from the pension fund Clearing and settlement accounts Deferred cost on staff loans

   Claims receivable against fraud and forgeries Others

   Less: Credit loss allowance held against other assets 15.1

   Other Assets net of credit loss allowance Surplus on revaluation of non-banking assets

   acquired in satisfaction of claims 24

   Other Assets - total

   1. Credit loss allowance held against other assets Non banking assets acquired in satisfaction of claims Claims receivable against fraud and forgeries

Mark-up accrued Others

----------Rupees in '000--------

1. BILLS PAYABLE

   10,908,790	41,801,315
   397,835	26,143
   11,306,625	41,827,458
   30,849,080	40,524,304
   12,778,938	15,598,591
   1,820,101	2,121,916
   23,555,884	25,839,999
   146,304	176,755
   3,551	4,567
   69,153,858	84,266,132
   436,161,111	179,227,580
   505,314,969	263,493,712
   511,555	527,950
   3,537,181	4,302,864
   1,395,150	-
   162,286	162,286
   5,606,172	4,993,100
   510,921,141	268,486,812

   In Pakistan Outside Pakistan

2. BORROWINGS

Secured

Borrowings from State Bank of Pakistan Under export refinance scheme Under long term financing facility

Under renewable energy performance platform Under temporary economic refinance facility

Under financing facility for storage of agricultural produce Under refinance and credit guarantee scheme

for Women Entrepreneurs

Repurchase agreement borrowings

Total secured Unsecured

Call borrowings Overdrawn nostro accounts

Borrowings from other financial institutions Others

Total unsecured

19. DEPOSITS AND OTHER ACCOUNTS

Unaudited September 30, 2025 In Foreign

Audited December 31, 2024 In Foreign

In Local currency

Total

In Local currency

Total

currencies

currencies

-----------------------------------------------Rupee s in '000-----------------------------------------------

Unaudited Audited December 025

Note

S

eptember 30, 2

31, 2024

----------Rupees in '000--------

20.1

10,827,495

Audited December 31, 2024 Others

9,586,216

Total

Buildings

Total

---------------------------Rupee s in '000--------------------------

8,686,003

1,952,331

(2,452,883)

1,567,504

(179,938)

13,199

9,586,216

-

-

-

-

-

-

-

8,686,003

1,952,331

(2,452,883)

1,567,504

(179,938)

13,199

9,586,216

1,138,973

4,186,092

4,261,151

9,586,216

For The Nine Months Period Ended September 30, 2025

Unaudited September 30, 2025 Others

9,586,216

2,197,392

(2,102,169)

1,227,730

(105,470)

23,796

10,827,495

1,307,766

4,653,375

4,866,354

10,827,495

1,138,973

4,186,092

4,261,151

9,586,216

-

-

-

-

For The Nine Months Period Ended September 30, 2025

Customers Current deposits Savings deposits Term deposits Others

Financial Institutions Current deposits Savings deposits Term deposits Others

20. LEASE LIABILITIES

Lease Liabilities

Buildings

20.1 At January 01, Additions / adjustments during the period / year Lease payments including interest Finance charges

Deletions during the period / year Exchange adjustments Closing Balance

9,586,216

2,197,392

(2,102,169)

1,227,730

(105,470)

23,796

10,827,495

-

-

-

-

-

-

-

20.2 Liabilities Outstanding Not later than one year Later than one year and upto five years

Over five years

Total at the period / year end

For the purpose of discounting PKRV rates are being used.

1,307,766

4,653,375

4,866,354

10,827,495

-

-

-

-

For The Nine Months Period Ended September 30, 2025

Unaudited

Audited

Note

Unaudited September 30,

2025

Audited December 31,

2024

Note

September 30, December 31,

2025 2024

----------Rupees in '000--------

Opening balance

Impact of ECL on adoption of IFRS 9 Exchange adjustment

Charge for the period / year Reversal for the period / year

Closing balance

1. RESERVES

   Share premium

   Non - distributable capital reserve - gain on bargain purchase option 23.1

   Exchange translation reserve

   Statutory reserve 23.2

   General reserve

   ----------Rupees in '000--------

   1,459,096	78,807
   -	1,595,511
   (6,087)	1,606
   307,359	286,777
   (130,795)	(503,605)
   176,564	(216,828)
   1,629,573	1,459,096
   23,751,114		23,751,114
   908,317		908,317
   8,967,063		9,030,207
   56,749,934		52,640,181
   18,600,000		18,600,000
   108,976,428		104,929,819

   1. CONTINGENCIES AND COMMITMENTS

      -Guarantees

      -Commitments

      -Other contingent liabilities

      1. Guarantees:

         Financial guarantees Performance guarantees Other guarantees

      2. Commitments:

         Documentary credits and short-term trade-related transactions

         • letters of credit

           Commitments in respect of:

         • forward foreign exchange contracts

           25.1

           256,067,635	245,965,320
           536,162,215	735,379,420
           35,937,025	28,432,693
           828,166,875	1,009,777,433
           166,621,904	151,784,648
           86,104,762	91,752,480
           3,340,969	2,428,192
           256,067,635	245,965,320
           303,432,580		261,162,111
           214,681,955		157,415,286
           4,265,795		301,115,690
           11,463,260		12,927,274
           1,681,764		2,164,870
           636,861		594,189
           536,162,215		735,379,420
           113,510,123	71,498,197
           101,171,832	85,917,089
           214,681,955	157,415,286
           2,792,465	301,115,690
           1,473,330	-
           4,265,795	301,115,690
           5,731,630		6,463,637
           5,731,630		6,463,637
           11,463,260		12,927,274
           11,463,260		12,927,274

           25.2

      3. 25.2.1

         1. Under IFRS 3 a bargain purchase represents an economic gain which should be immediately recognized by the acquirer as income. However, the amount of bargain purchase gain has not been taken to the profit and loss account as the SBP, through its letter BPRD(R&PD)/2017/14330 dated June 13, 2017 recommended that the amount of gain may be routed directly into equity as a Non-distributable Capital Reserve (NCR). The NCR may become available for distribution through a stock dividend only with prior approval of the SBP. The Bank, before distribution of the gain as a stock dividend, may adjust any subsequent provisions / deficit, assessed by the Bank or recommended by the Banking Inspection Department of SBP, in the acquired assets and liabilities of NIB Bank Limited against the NCR.

         2. Statutory reserve represents amount set aside as per the requirements of section 21 of the Banking Companies Ordinance, 1962.

            • forward government securities transactions

            • derivatives (notional) Commitments for acquisition of:

            • property and equipment

            • intangible assets

              25.2.2

              25.2.3

              Note

              Unaudited September 30,

              2025

              Audited December 31,

              2024

              1. Commitments in respect of forward foreign exchange contracts

                 Purchase

2. SURPLUS ON REVALUATION OF ASSETS

Surplus / (deficit) on revaluation of

• Securities measured at FVOCI - Debt securities 10.1

• Securities measured at FVOCI - Equity securities 10.1

• Property and equipment

• Non-banking assets acquired in satisfaction of claims 15

  Deferred tax on (surplus) / deficit on revaluation of:

• Securities measured at FVOCI - Debt securities 21

• Securities measured at FVOCI - Equity securities 21

• Property and equipment 21

• Non-banking assets acquired in satisfaction of claims 21

----------Rupees in '000--------

24,032,121

22,472,210

38,218,770

511,407

85,234,508 55,078,176

(12,496,703)

(11,685,548)

(3,568,436)

(265,932)

(28,016,619) (12,025,039)

57,217,889 43,053,137

Sale

For The Nine Months Period Ended September 30, 2025

Unaudited

Audited

For The Nine Months Period Ended September 30, 2025

Unaudited Nine

Unaudited Nine

Note

September 30,

2025

December 31,

2024

Note

Months Period ended September 30, 2025

Months Period ended September 30, 2024

Issue of goodwill and other related assets amortization for few years has been assessed in Bank's favour at appellate forums,

Loans and advances Investments

Lendings to financial institutions Balances with banks

1. 1. Interest income recognised on:

      Financial assets measured at amortised cost Financial assets measured at FVOCI Financial assets measured at FVTPL

2. MARK-UP / RETURN / INTEREST EXPENSED

   Deposits Borrowings

   Cost of foreign currency swaps against

   foreign currency deposits / borrowings Finance charges on lease liability against right-of-use assets

   Unaudited Nine Months Period ended September 30, 2025

   Unaudited Nine Months Period ended September 30, 2024

   3,544,622	3,102,313
   589,956	513,290
   6,853,033	5,805,715
   562,422	566,470
   100,763	127,534
   2,261,380	2,725,555
   493,222	801,637
   783,603	757,742
   (2,899,154)	732,290
   784,121	550,792
   227,589	175,644
   78,559	77,821
   457,790	344,248
   141,921	147,741
   13,979,827	16,428,792
   214,413	148,782
   275,344	(38,915)
   489,757	109,867
   (87,404)	116,184
   31,079	6,703
   270,738	25,895
   214,413	148,782
   118,050	67,641
   -	-
   118,050	67,641
   96,363		81,141
   96,363	81,141
   214,413	148,782

   however, the tax department has filed appeal against these decisions. The management has not recorded any tax benefit because the issue has not attained finality.

   1. DERIVATIVE INSTRUMENTS

   Unaudited September 30, 2025

   Cross Currency Swaps Interest Rate Swaps FX Options

3. FEE & COMMISSION INCOME

   Branch banking customer fees Consumer finance related fees

   Card related fees (debit and credit cards) Credit related fees

   Investment banking fee

   ----------Rupees in '000--------

   Notional Principal

   Mark to market gain / loss

   Notional Principal

   Mark to market gain / loss

   Notional Principal

   Mark to market gain / loss

   Commission on trade Commission on guarantees Commission on cash management

   Total Hedging Market Making

   Total Hedging Market Making

   -------------------------------------------Rupee s in '000-------------------------------------------

   - -

   - -

   - -

   - -

   5,731,630 5,731,630

   127,124 (127,124)

   Audited December 31, 2024

   -------------------------------------------Rupee s in '000-------------------------------------------

   - -

   - -

   - -

   - -

   6,463,637 6,463,637

   157,610 (157,610)

   Commission on remittances including home remittances Commission on bancassurance

   Rent on lockers Commission on utility bills

   Commission on investments services Others

4. GAIN / (LOSS) ON SECURITIES

   Realised 30.1

   Unrealised - Measured at FVTPL 10.1

   1. Realised (loss) / gain on:

      Federal Government Securities Non Government Debt Securities Shares

   2. Realised (loss) / gain on:

      Financial assets measured at FVTPL Designated upon initial recognition Mandatorily measured at FVTPL

      Financial assets measured at FVOCI

      
      
      Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

      For The Nine Months Period Ended September 30, 2025

      Unaudited Nine

      Unaudited Nine

      Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

      For The Nine Months Period Ended September 30, 2025

      Unaudited Nine

      Unaudited Nine

      Months Period ended September 30, 2025

      Months Period ended September 30, 2024

      Note

      Months Period ended September 30, 2025

      Months Period ended September 30, 2024

5. OTHER INCOME

Rent on property

Gain on termination of lease liability against right of use assets Gain on sale of property and equipment - net

Gain on sale of non-banking assets acquired in satisfaction of claims - net

----------Rupees in '000--------

148,157

43,443

318,029

-

509,629

105,336

68,213

170,329

42,500

386,378

33. OTHER CHARGES

Penalties of State Bank of Pakistan

VAT & National Building tax & Crop Insurance Levy

----------Rupees in '000--------

82,678

172,610

Unaudited Nine Months Period ended September 30, 2025

Unaudited Nine Months Period ended September 30, 2024

Education cess

93,119

348,407

32. OPERATING EXPENSES

Total compensation expense Property expense

Rent and taxes Insurance Utilities cost

Fuel expense generators Security (including guards)

Repair and maintenance (including janitorial charges) Depreciation on right-of-use assets

Depreciation

Information technology expenses

Software maintenance Hardware maintenance Depreciation Amortization

Network charges Insurance

Other operating expenses Directors' fees and allowances Legal and professional charges Outsourced services costs Travelling and conveyance NIFT clearing charges Depreciation

Depreciation on non-banking assets acquired in satisfaction of claims Training and development

Postage and courier charges

Communication

----------Rupees in '000--------

(Restated)

19,387,218

280,100

19,623

2,123,776

755,049

1,660,023

896,223

1,139,394

820,129

7,694,317

1,421,921

250,306

955,644

431,705

459,373

5,500

39,080

303,847

799,985

446,729

164,193

988,646

14,007

57,525

233,009

1,517,066

914,827

994,195

10,100

65,146

895,375

595,260

27,772

304,856

191,183

40,862

2,659,804

305,833

1,732,282

391,398

3,524,449

1. CREDIT LOSS ALLOWANCE AND WRITE OFFS - NET

   Credit loss allowance / (reversal) against balance with other banks

   Reversal of credit loss allowance against cash and balances with treasury banks

   Reversal of credit loss allowance for diminution in value of investments 10.2

   (Reversal) / credit loss allowance against loans and advances 11.3

   Credit loss allowance / (reversal) against lendings to financial institutions Credit loss allowance against off balance sheet items

   Credit loss allowance / (reversal) against other assets 15.1.1

   Recovery of written off / charged off bad debts

2. TAXATION

   Current Prior years Deferred

3. BASIC AND DILUTED EARNINGS PER SHARE

   Profit after tax

   (35,588)

   (25,551)

   (658)

   861,998

   (15,102)

   67,715

   (36,542)

   (150,894)

   665,378

   47,582,026

   -

   (922,422)

   46,659,604

   ----------Rupees in '000--------

   41,097,529

   48,450,548

   ----------Number--------

   Stationery and printing

   Marketing, advertisement & publicity Donations

   Auditors' remuneration Cash transportation charges Repair and maintenance Subscription Entertainment

   Remittance charges Brokerage expenses Card related expenses CNIC verification charges Insurance

   Others

   13,692,980

   44,298,964

   Weighted average number of ordinary shares 1,185,060,006 1,185,060,006

   ----------Rupees-------

   Basic and diluted earnings per share 34.68 40.88

   
   
   Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

   For The Nine Months Period Ended September 30, 2025

4. FAIR VALUE MEASUREMENTS

For The Nine Months Period Ended September 30, 2025

Audited December 31, 2024

The fair value of quoted securities other than those classified as amortised cost, is based on quoted market price. Quoted debt securities classified as amortised cost are carried at cost. The fair value of unquoted equity securities, other than investments in associates and subsidiary, is determined on the

Carrying / Notional Value

Level 1 Level 2 Level 3 Total

basis of valuation methodologies.

Fair value of unquoted debt securities, fixed term loans, other assets, other liabilities, fixed term deposits and borrowings cannot be calculated with sufficient reliability due to absence of current and active market for such assets and liabilities and reliable data regarding market rates for similar instruments.

On balance sheet financial instruments Financial assets - measured at fair value

------------------------------------------Rupee s in '000--------------------------------------

instruments included in Level 3 comprise of investments in unquoted equity investments.

37.2 Fair value of non-financial assets

Certain categories of property and equipment (land and buildings) and non banking assets acquired in satisfaction of claims are carried at revalued amounts determined by professional valuers based on their assessment of the market values. The valuations are conducted by the valuation experts appointed by the Bank which are also on the panel of the State Bank of Pakistan.

Off-balance sheet financial instruments - measured at fair value

37.3

The table below analyses financial instruments measured at the end of the reporting period by the level in the fair value hierarchy into which the fair value measurement is categorised:

Unaudited September 30, 2025 Carrying /

37.4

The Bank's policy is to recognise transfers into and out of the different fair value hierarchy levels at the date the event or change in circumstances that caused the transfer occurred. There were no transfers between Levels 1 and 2 during the period.

On balance sheet financial instruments Financial assets - measured at fair value

Investments

Notional Value Level 1 Level 2 Level 3 Total

------------------------------------------Rupee s in '000--------------------------------------

37.5 Valuation techniques used in determination of fair valuation of financial instruments within Level 2 and Level 3

For The Nine Months Period Ended September 30, 2025

For The Nine Months Period Ended September 30, 2025

The following table summarises the quantitative information about the significant unobservable inputs used in Level 3 fair value measurements of investment in unquoted equity securities.

fair value by Rs. 317.402 million and Rs 375.459

increase / decrease the fair value by Rs. 270.358

* There were no significant inter-relationships between unobservable inputs that materially affect fair values.

The following table shows reconciliation of investments Level 3 fair value movement:

Unaudited

Audited

September 30, December 31,

2025

2024

---------Rupees in '000---------

Opening balance

Impact of fair valuation on adoption of IFRS 9 Opening balance as at January 01, 2025 - Restated Remeasurement recognised in OCI

Closing balance

3,899,015

-3,899,015

589,758

4,488,773

1,404,534

2,494,481

3,899,015

-

3,899,015

1. SEGMENT INFORMATION

   1. Segment details with respect to business activities

      The segment analysis with respect to business activity is as follows:

      Unaudited Nine Months Period ended September 30, 2025

      Retail Banking

      Consumer banking

      Corporate Banking

      Treasury

      International Banking

      Others

      Sub-total

      Eliminations

      Total

      (61,231,247)	4,904,454	39,595,491	119,308,494 6,226,933 - 108,804,125				-	108,804,125
      135,449,511	(2,853,212)	(32,431,933)	(107,006,724) (147,826) 6,990,184 -				-	-
      11,609,145	2,500,044	4,453,176	5,885,926 1,766,881 (194,609) 26,020,563				-	26,020,563
      85,827,409	4,551,286	11,616,734	18,187,696 7,845,988 6,795,575 134,824,688				-	134,824,688
      31,979,200	2,130,882	2,836,978	600,466 2,402,547 12,936,275 52,886,348				-	52,886,348
      -	-	-	- - - -				-	-
      31,979,200	2,130,882	2,836,978	600,466 2,402,547 12,936,275 52,886,348				-	52,886,348
      1,570,841	101,699	(504,678)	- (434,732) (6,277,503) (5,544,373)				-	(5,544,373)
      52,277,368	2,318,705	9,284,434	17,587,230 5,878,173 136,803 87,482,713				-	87,482,713
      			Unaudited September 30, 2025
      70,822,827	109,655	324,840	97,030,704	37,590,365	-	205,878,391	-	205,878,391
      -	-	9,411,889	1,929,466,206	71,734,954	114,554	2,010,727,603	-	2,010,727,603
      1,738,731,284	-	-	-	-	329,027,964	2,067,759,248	(2,067,759,248)	-
      -	-	-	3,008,700	106,511,835	-	109,520,535	-	109,520,535
      51,129,373	45,524,371	487,199,279	-	44,545,872	(5,077,576)	623,321,319	-	623,321,319
      114,936	142,358	759,225	-	9,068,284	1,105,769	11,190,572	-	11,190,572
      59,670,415	3,631,390	60,093,378	47,841,579	3,220,348	97,675,083	272,132,193	-	272,132,193
      1,920,468,835	49,407,774	557,788,611	2,077,347,189	272,671,658	422,845,794	5,300,529,861	(2,067,759,248)	3,232,770,613
      2,243,869	37,409	67,034,864	438,768,838	2,836,161	-	510,921,141	-	510,921,141
      1,901,215,721	-	100,490,140	-	229,951,631	-	2,231,657,492	-	2,231,657,492
      -	42,016,854	354,712,347	1,635,543,164	35,486,883	-	2,067,759,248	(2,067,759,248)	-
      17,009,245	7,353,511	35,551,260	3,035,187	4,396,983	126,425,325	193,771,511	-	193,771,511
      1,920,468,835	49,407,774	557,788,611	2,077,347,189	272,671,658	126,425,325	5,004,109,392	(2,067,759,248)	2,936,350,144
      -	-	-	-	-	296,420,469	296,420,469	-	296,420,469
      1,920,468,835	49,407,774	557,788,611	2,077,347,189	272,671,658	422,845,794	5,300,529,861	(2,067,759,248)	3,232,770,613
      74,531,671	-	469,993,482	230,411,010	14,820,345	38,410,367	828,166,875	-	828,166,875

      Statement of Profit & Loss Account Net mark-up / return / profit Inter segment revenue - net

      Non mark-up / return / interest income

      Total Income Segment direct expenses Inter segment expense allocation

      Total expenses

      Credit loss allowance and write offs - net Profit before tax

      Statement of Financial Position Cash & Bank balances Investments Net inter segment lending Lendings to financial institutions

      Advances - performing / underperforming

      - non performing Others Total Assets

      Borrowings Deposits and other accounts Net inter segment borrowing Others

      Total liabilities

      Equity

      Total Equity and liabilities Contingencies and Commitments

      ----------------------------------------------------------------------Rupees in '000----------------------------------------------------------------------

      
      
      Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

      For The Nine Months Period Ended September 30, 2025

      Unaudited Nine Months Period ended September 30, 2024

      Retail Banking

      Consumer banking

      Corporate Banking

      Treasury

      International Banking

      Others

      Sub-total

      Eliminations

      Total

      Statement of Profit & Loss Account

      ----------------------------------------------------------------------Rupees in '000----------------------------------------------------------------------

      Net mark-up / return / profit - Restated	(113,803,777)	5,925,982	47,347,063	169,910,781	6,091,786 - 115,471,835 - 115,471,835
      Inter segment revenue - net	218,721,807	(4,490,887)	(38,707,303)	(188,133,534)	(324,471) 12,934,388 - - -
      Non mark-up / return / interest income 10,070,000 1,995,522 7,827,613 6,229,571 1,575,216 (844,653) 26,853,269 - 26,853,269
      Total Income	114,988,030	3,430,617	16,467,373	(11,993,182)	7,342,531	12,089,735	142,325,104	-	142,325,104
      Segment direct expenses - Restated	28,684,567	1,480,326	1,288,497	498,929	2,046,070	12,551,185	46,549,574	-	46,549,574
      Inter segment expense allocation - - - - - - - - -
      Total expenses	28,684,567	1,480,326	1,288,497 498,929 2,046,070 12,551,185 46,549,574 - 46,549,574
      Credit loss allowance and write offs - net	1,311,162	69,152	280,533 - (142,467) (853,002) 665,378 - 665,378
      Profit before tax	84,992,301	1,881,139	14,898,343 (12,492,111) 5,438,928 391,552 95,110,152 - 95,110,152
      Statement of Financial Position			Audited December 31, 2024
      Cash & Bank balances 46,364,878 112,551			201,339	104,117,273	45,563,659	(10,206)	196,349,494	-	196,349,494
      Investments - -			10,671,310	1,084,998,962	71,479,168	303,171	1,167,452,611	-	1,167,452,611
      Net inter segment lending 1,540,925,947 -			-	-	-	306,652,585	1,847,578,532	(1,847,578,532)	-
      Lendings to financial institutions - -			-	199,978	55,455,526	-	55,655,504	-	55,655,504
      Advances - performing / underperforming 61,051,389		36,075,897	895,659,616	-	45,235,202	(8,455,016)	1,029,567,088	-	1,029,567,088
      - non performing 221,802		129,398	936,180	-	9,102,756	1,669,062	12,059,198	-	12,059,198
      Others	61,358,291	3,648,516	56,430,997	36,583,876	4,169,533	80,064,197	242,255,410 - 242,255,410
      Total Assets	1,709,922,307	39,966,362	963,899,442	1,225,900,089	231,005,844	380,223,793	4,550,917,837 (1,847,578,532) 2,703,339,305
      Borrowings	4,811,563	42,145	79,574,711 183,036,102 1,022,291 - 268,486,812 - 268,486,812
      Deposits and other accounts	1,627,321,691	-	109,698,501 - 185,184,270 7,537 1,922,211,999 - 1,922,211,999

      Net inter segment borrowing - 33,742,698			739,981,530	1,042,577,045	31,277,259 - 1,847,578,532 (1,847,578,532) -
      Others	77,789,053	6,181,519	34,644,700	286,942	13,522,024	109,956,916	242,381,154	- 242,381,154
      Total liabilities	1,709,922,307	39,966,362	963,899,442	1,225,900,089	231,005,844	109,964,453	4,280,658,497	(1,847,578,532) 2,433,079,965

      Equity - - - - - 270,259,340 270,259,340 - 270,259,340

      Total Equity and liabilities 1,709,922,307 39,966,362 963,899,442 1,225,900,089 231,005,844 380,223,793 4,550,917,837 (1,847,578,532) 2,703,339,305

      Contingencies and Commitments 77,434,778 - 416,240,574 471,458,250 13,340,003 31,303,828 1,009,777,433 - 1,009,777,433

   2. Transactions between reportable segments are based on an appropriate transfer pricing mechanism using agreed rates. Furthermore, segment assets and liabilities include inter segment balances. Costs which are not allocated to segments are included in the Head office. Income taxes are managed at bank level and are not allocated to operating segments.

      Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

      For The Nine Months Period Ended September 30, 2025

2. RELATED PARTY TRANSACTIONS

   The Bank has related party relationship with its subsidiaries, associates, employee benefit plans, its directors and key management personnel and their close family members.

   The Banks enters into transactions with related parties in the ordinary course of business and on substantially the same terms as for comparable transactions with person of similar standing. Contributions to and accruals in respect of staff retirement benefits and other benefit plans are made in accordance with the actuarial valuations / terms of the contribution plan. Remuneration to the executives / officers is determined in accordance with the terms of their appointment.

   - - -	- - -	-90,494,838 (90,494,838)	- - -	- - -
   -	-	-	-	-
   -	-	-	-	-
   -	-	17,968,237	700,401	249,253
   -	-	-	-	-
   -	-	-	-	-
   -	-	17,968,237	700,401	249,253
   20,707	368,057	614,054	-	5,288,804
   12,382	37,868	-	-	1,486,673
   (14,669)	(46,856)	(51,232)	-	(4,624,846)
   -	(117,162)	-	-	-
   18,420	241,907	562,822	-	2,150,631
   (184)	(1,909)	(539)	-	(11,745)
   -	-	-	8,363	14,642

   Details of transactions with related parties during the period, other than those which have been disclosed elsewhere in these unconsolidated condensed interim financial statements are as follows:

   Unaudited September 30, 2025
   Directors	Key Management Personnel	Subsidiaries	Associates	Other Related Parties

   Audited December 31, 2024
   Directors	Key Management Personnel	Subsidiaries	Associates	Other Related Parties

   Lendings to Financial Institutions	(Rupees in '000)
   Opening balance		-	-	9,000,000	-	-
   Addition during the period / year		-	-	76,600,000	-	-
   Repaid during the period / year		-	-	(85,600,000)	-	-
   Closing balance		-	-	-	-	-
   Credit loss allowance held against lending to financial institutions*		-	-	-	-	-
   Investments Opening balance		-	-	16,968,237	700,401	249,253
   Investment made during the period / year		-	-	1,000,000	-	-
   Investment disposed off during the period / year		-	-	-	-	-
   Closing balance		-	-	17,968,237	700,401	249,253
   Credit loss allowance for diminution in value ofi nvestments*
   Advances Opening balance		1,436	339,386	581,933	-	1,509,280
   Addition / exchange adjustment during the period / year		33,104	111,052	32,121	-	4,911,914
   Repaid / exchange adjustment during the period / year		(13,833)	(108,796)	-	-	(1,132,390)
   Transfer in / (out)		-	26,415	-	-	-
   Closing balance		20,707	368,057	614,054	-	5,288,804
   Credit loss allowance against advances*		(747)	(12,374)	(1,248)	-	(9,864)
   Property and equipment
   Purchase of property and equipment		-	-	-	25,666	541,045

   
   
   

   Unaudited September 30, 2025
   Directors	Key Management Personnel	Subsidiaries	Associates	Other Related Parties

   Audited December 31, 2024
   Directors	Key Management Personnel	Subsidiaries	Associates	Other Related Parties

   Other Assets

   Income / markup accrued Advances, deposits, advance rent and other prepayments Receivable from pension fund Unrealized gain on forward foreign exchange contracts - outstanding

   Credit loss allowance against other assets*

   Borrowings

   Opening balance Borrowings / exchange adjustment during the period / year Settled during the period / year

   Closing balance

   Deposits and other accounts Opening balance Received during the period / year Withdrawn during the period / year Transfer in / (out) - net Closing balance

   Other Liabilities Markup / return / interest payable Accrued expenses and other payable Advance received against sale of property

   Credit loss allowance against off-balance sheet obligations*

   Contingencies and Commitments

   Letter of Credit Bank guarantee

   Forward foreign exchange contracts (Notional)

   ------------------------------------------------------------------------------------------------(Rpuees in '000)------------------------------------------------------------------------------------------------

   782	3,444	7,391	-	30,133		-	3,924	7,188		-	64,558
   -	-	125,455	856,822	27,111		-	-	88,594		470,036	26,329
   -	-	-	-	14,526,556		-	-	-		-	13,336,850
   -	-	1,973	-	-		-	-	-		-	-
   782	3,444	134,819	856,822	14,583,800		-	3,924	95,782		470,036	13,427,737
   -	(28)	-	-	(214)		-	(104)	(16)		-	(98)
   -	-	33,725	-	-		-	-	71,914		-	-
   -	-	2,912,608	-	-		-	-	4,474,959		-	-
   -	-	(2,830,288)	-	-		-	-	(4,513,148)		-	-
   -	-	116,045	-	-		-	-	33,725		-	-
   147,783	204,135	939,294	9,178,670	8,319,616		3,034,686	200,484	102,012		8,321,464	10,033,148
   6,346,918	1,435,018	30,490,604	59,869,188	195,292,576		6,929,977	2,661,377	46,786,972		75,020,811	225,529,950
   (6,110,706)	(1,395,706)	(30,574,277)	(59,031,920)	(192,676,671)		(9,815,845)	(2,658,593)	(45,949,690)		(74,163,605)	(227,616,705)
   -	(26,255)	-	-	(48,353)		(1,035)	867	-		-	373,223
   383,995	217,192	855,621	10,015,938	10,887,168		147,783	204,135	939,294		9,178,670	8,319,616
   2,668	84	21,804	149,896	129,011		1,342	2,403	7,122		171,862	114,516
   -	-	30,194	48,546	31		-	-	38,452		92,360	32,760
   -	-	20,000	-	-		-	-	20,000		-	-
   2,668	84	71,998	198,442	129,042		1,342	2,403	65,574		264,222	147,276
   -	-	160	614	15,745		-	-	245		476	10,086
   -	-	-	-	7,655,692		-	-	-		-	4,111,927
   -	-	137,787	8,820,966	2,756,431		-	-	178,575		8,734,277	1,846,504
   -	-	1,408,725	-	-		-	-	-		-	-
   -	-	1,546,512	8,820,966	10,412,123		-	-	178,575		8,734,277	5,958,431

   Unaudited September 30, 2025
   Directors	Key Management Personnel	Subsidiaries	Associates	Other Related Parties

   Unaudited September 30, 2024
   Directors	Key Management Personnel	Subsidiaries	Associates	Other Related Parties

   Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

   For The Nine Months Period Ended September 30, 2025

   Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

   For The Nine Months Period Ended September 30, 2025

   ------------------------------------------------------------------------------------------------(Rupees in'000)------------------------------------------------------------------------------------------------

   Income
   Markup / return / interest earned	487	11,537	253,777	-	97,611	-	15,933	443,247	-	81,384
   Fee and commission income	-	-	260,333	1,113,048	18,886	2	-	182,478	771,494	21,191
   Dividend income	-	-	205,173	245,000	102,584	-	-	205,173	210,000	59,325
   Net gain / (loss) on foreign exchange contracts matured during the period	-	-	-	-	46,166	-	-	-	-	89,082
   Net gain / (loss) on sale of securities	-	(12)	-	1,460	(463)	7	73	91	5,346	5,636
   Gain on sale of property and equipment	-	221	-	-	-	72	134	-	-	-
   Rent income	-	-	122,501	8,842	4,188	-	-	72,216	8,258	4,693
   Expense Markup / return / interest expensed	12,128	9,246	66,036	322,209	470,598	46,765	15,660	121,213	524,478	1,450,535
   Other Operating expenses
   Clearing expenses paid to NIFT	-	-	-	-	212,067	-	-	-	-	164,193
   Contribution to provident fund	-	-	-	-	527,730	-	-	-	-	454,640
   Rent expenses	-	-	-	71,191	48,477	-	-	-	64,451	45,499
   Cash sorting expenses	-	-	-	-	110,743	-	-	-	-	96,392
   Stationery expenses	-	-	-	-	341,962	-	-	-	-	322,658
   Security guards expenses	-	-	-	-	4,371	-	-	-	-	4,035
   Remuneration to key executives and non-executive directors fee	123,178	803,974	-	-	-	184,657	911,385	-	-	-
   Outsourcing service expenses	-	-	-	110,173	-	-	-	-	101,089	-
   E-dividend processing fee and CDC charges	-	-	-	-	11,479	-	-	-	-	5,571
   Travelling Expenses	-	-	-	-	97,256	-	-	-	-	88,650
   Hotel stay expenses	-	-	-	-	6,260	-	-	-	-	16,402
   Repair & Maintenance Charges	-	-	-	-	7,725	-	-	-	-	3,420
   Utility expenses	-	-	-	-	1,607	-	-	-	-	1,327
   Miscellaneous expenses and payments	-	-	-	-	2,668	-	-	-	-	3,596
   Insurance premium-net of refund	-	-	-	1,258,147	-	-	-	-	571,780	-
   Insurance claim settled	-	-	-	42,047	-	-	-	-	70,861	-
   Other Transactions
   Proceeds from sale of property and equipment	-	354	-	-	-	72	134	-	-	-
   Sale of foreign currency	-	-	28,873,938	-	-	-	-	1,897,943	-	-
   Purchase of foreign currency	-	-	28,565,096	-	-	-	-	2,592,943	-	-
   Payments against home remittances	-	-	3,979,784	-	-	-	-	3,264,830	-	-
   Reimbursement of other expenses	-	-	107,263	-	-	-	-	68,105	-	-
   Sale of government securities	-	78,288	-	12,740,025	12,034,792	116,427	25,362	160,611	7,979,118	23,361,309
   Purchase of government securities	-	71,231	-	1,858,067	318,795	-	72,907	-	5,903,986	16,758,298
   Forward exchange contracts matured during the period	-	-	-	-	5,737,811	-	-	-	-	8,165,039

   *Represents credit loss allowance recognized against performing exposures on adoption of IFRS 9. The Chairman has been provided with free use of the Bank's maintained car. The Chief Executive and certain executives are provided with free use of the Bank's maintained cars and household equipment in accordance with the terms of their employment.

   
   
   Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

   For The Nine Months Period Ended September 30, 2025

   Unaudited September 30, 2025

   Audited December 31,

   2024

   Notes To The Unconsolidated Condensed Interim Financial Statements (Un-Audited)

   For The Nine Months Period Ended September 30, 2025

   1. EVENTS AFTER THE REPORTING DATE

      The Board of Directors in its meeting held on October 22, 2025 has announced an interim cash dividend in respect of nine months period ended September 30, 2025 of Rs. 9.00 per share (September 30, 2024: Rs. 9.00 per share). These unconsolidated condensed interim financial statements

3. CAPITAL ADEQUACY, LEVERAGE RATIO & LIQUIDITY REQUIREMENTS

   1. Capital Adequacy

      Minimum Capital Requirement (MCR):

      Paid-up capital (net of losses)

      Capital Adequacy Ratio (CAR):

      Eligible Common Equity Tier 1 (CET 1) Capital Eligible Additional Tier 1 (ADT 1) Capital Total Eligible Tier 1 Capital

      Eligible Tier 2 Capital

      Total Eligible Capital (Tier 1 + Tier 2) Risk Weighted Assets (RWAs):

      Credit Risk Market Risk Operational Risk

      Total

      Common Equity Tier 1 Capital Adequacy ratio Tier 1 Capital Adequacy Ratio

      Total Capital Adequacy Ratio

      ----------Rupees in '000-------

      11,850,600	11,850,600
      227,286,832	216,926,557
      -	-
      227,286,832	216,926,557
      66,687,867	53,942,822
      293,974,699	270,869,379
      877,430,714	892,722,644
      303,195,378	209,096,250
      298,196,285	298,196,285
      1,478,822,377	1,400,015,179
      15.37%	15.49%
      15.37%	15.49%
      19.88%	19.35%

      for the period ended September 30, 2025 do not include the effect of these appropriations which will be accounted for subsequent to the period end.

      1. GENERAL

         Comparative information has been reclassified, rearranged or additionally incorporated in these unconsolidated condensed interim financial statements for the purposes of better presentation.

         Figures have been rounded off to the nearest thousand of rupees unless otherwise stated.

         The impact of the restatement arising from the adoption of IFRS 9 is disclosed in Note 4.1.2 to these financial statements.

      2. DATE OF AUTHORIZATION FOR ISSUE

      These unconsolidated condensed interim financial statements were authorized for issue by the Board of Directors of the Bank in their meeting held on October 22, 2025.

      The Bank has not taken benefit allowed to banks to absorb the impact of IFRS 9 on regulatory capital.

      Unaudited September 30, 2025

      Audited December 31,

      2024

   2. Leverage Ratio (LR):

      Eligible Tier-1 Capital

      Total Exposures Leverage Ratio

   3. Liquidity Requirements Liquidity Coverage Ratio (LCR):