4. HISTORICAL BACKGROUND
• Brokerage Houses
• Stock Exchange Boom in 2003
• Established in Dec 2006 after the merger and amalgamation
of Jahangir Siddiqui Investment Bank Limited and commercial
banking operations of American Express Bank Ltd Pakistan
5. VISION
• To provide quality and innovative range of
BANKING SERVICES and products to our customers
by a highly motivated team of professionals whilst
maintaining high ethical and regulatory standards
thereby, generating sustainable returns to our
shareholders.
6. MISSION STATEMENT
• To be a preferred partner of our customers by providing
complete financial solutions exceeding service
expectations, though a single relationship via
conventional and non – conventional, conveniently
accessible distribution channels.
7. Company Information
BOD Mr. Jahangir Siddiqui
Mr. Mazharul Haq Siddiqui
Mr. Maqbool A sumroo
Mr. Rafique R Bhimjee
Syed Amjad Ali
PRESIDENT Mr. Naveed Qazi
COMPANY SECRETARY Mr. Muhammad yousaf
HR COMMITTEE Mr. Jahangir Siddiqui
Mr. Naveed Qazi
Mr. Syed Shoaib
RISK MANAGEMENT TEAM Mr. Jahangir Siddiqui
Mr. Naveed Qazi
Mr. Ashraf Nawabi
AUDITORS Ernst & Young Ford Rhodes Sidat Hyder
Chartered Accountants
(Member firm of Ernst & Young Global Ltd
8. Retail Banking
• Retail Banking at JS Bank offers a variety of products and services
for both depositors and borrowers at competitive rates.
• Products Offered:
– Kamyab Business Account
• Free online inter-city transfer of funds
• Free Demand Draft and Pay Order Issuance
• Minimum Balance PKR 10,000
• AVERAGE BALANCE PKR 50,000
Cheque book Issuance (25 leaves)
Small Locker
ATM Card Annual Fee Waiver
Balance statement
9. Rupee Plus Account
A high performance savings account, the Rupee Plus Account calculates your
profits on a daily basis to give you maximum returns with the greatest
flexibility.
7% on daily basis
Minimum Balance PKR 25,000
AVERAGE BALANCE PKR 250,000
PLS Rupee Saving Account
Rupee Basic Banking Account
Rupee Fixed Deposit Account
Foreign Currency Account
10. SERVICES
Loans & Running Finance
Western Union Home Remittance
Sale & Encashment of Govt. Of Pakistan Securities
Countrywide Account Operation
Tele-banking
SWIFT transfer
ATM card
Lockers
Export Services
Export Bill Collection Services
Bank Guarantees
Export LC Advising, Confirmation & Negotiation
Import Services
Import Letters of Credit
Arranging for Buyer’s & Supplier’s Credit
Utility Bills payment
Extended Branch Services
Delivery of Account Statement
11. LOAN SERVICES
Term Loans
Working Capital Loans
Advances against Shares
Debt Syndications
Trade Finance
12. BANCASSURANCE
• JS Bank’s bancassurance products provide you great value on your
savings, not only in form of higher returns but also an inbuilt
insurance coverage to protect your family from any unforeseen
events in life. We offer you unit-linked investment and life
assurance products in partnership with EFU Life Assurance Ltd.,
the largest private sector life assurance company in Pakistan. The
products combine the benefits of investment plans with life
assurance, enabling you to grow and protect your wealth at the
same time.
JS Bank currently offers the following bancassurance products.
• Pehla Qadam
• Roshan Kal
13. Pehla Qadam
Child Education Plan
UNIT ALLOCATION
Year 1 25% - 35%
Access to savings at all times Year 2 80%
Guaranteed Protection Year 3 90%
Minimum Premium Year 4-10 100%
Applicable Ages and Terms Onwards 105%
14. Roshan Kal
Investment Plan
UNIT ALLOCATION
Opportunity for Growth Year 1 35%
Access to savings at all times Year 2 80%
Guaranteed Loyalty Bonus Year 3 90%
Funds Acceleration Premium (FAP) Year 4 100%
Investment with a Safety Net Onwards 130%
15. FINANCIAL ANALYSIS
Sources of Income
Balance Sheet
Profit & Loss Account
Statistics of Accounts
Shares Transcript
16. SOURCES OF INCOME
Non-Funded
Services
Banc-Assurance
Home Remittances
Funded
Money-on-Money
17. BALANCE SHEET
BALANCE SHEET
As at December 31, 2009
December 31, December 31,
2009 2008
------- Rupees in ‘000 -------
ASSETS
Cash and balances with treasury banks 1,764,403 1,285,247
Balances with other banks 1,820,857 1,285,247
Lendings to financial institutions 3,482,564 1,405,210
Investments 9,535,555 5,138,709
Advances 11,689,653 9,680,449
Operating fixed assets 3,039,329 2,496,883
Deferred tax assets 924,907 271,646
Other assets 637,652 677,387
32,894,920 21,627,802
LIABILITIES
Bills payable 320,492 127,922
Borrowings 5,039,635 537,655
Deposits and other accounts 21,313,791 15,294,273
Sub-ordinated loans - -
Liabilities against assets subject to inance lease - -
Deferred tax liabilities - -
Other liabilities 566,443 392,115
27,240,361 16,351,965
NET ASSETS 5,654,559 5,275,837
REPRESENTED BY
Share capital 6,127,605 5,694,844
Reserves 18,040 18,040
(Accumulated losses) / Unappropriated proit (523,192) 71,744
Surplus/(Deicit) on revaluation net of tax 5,654,559 5,275,837
18. PROFIT & LOSS ACCOUNT
PLS ACCOUNT
For the year 31-12-2009 December 31 December 31,
2009 2008
------- Rupees in ‘000 -------
Mark-up / Return / Interest Earned 2,527,295 1,975,203
Mark-up / Return / Interest Expensed 1,806,709
1,361,738
Net Mark-up / Interest Income 720,586 613,465
Bad debts written of directly 772,688 11,218
Net Mark-up / Interest Income after provisions (52,102) 602,247
NON MARK-UP / INTEREST INCOME
Fee, commission 132,198 103,448
Dividend Income 26,282 73,441
Income from dealing in foreign currencies 89,455 89,455
Gain on sale of securities – net - -
Unrealized loss on revaluation of investments - -
classiied as held-for-trading - -
Other income 1,526 1,526
Total non-mark-up / interest income 339,470 492,345
NON MARK-UP / INTEREST EXPENSES 287,368 1,094,592
Administrative expenses 1,734,815 982,624
Other provisions / write ofs - -
Other charges 1,346 743
(LOSS) / PROFIT BEFORE TAXATION (1,448,793) 111,225
Taxation – Current (14,334) -
Prior years - -
Deferred 868,191 (56,455)
(LOSS) / PROFIT AFTER TAXATION (594,936) 54,770
(Loss) / Diluted Earnings per share (0.98) 0.11
19. ACCOUNT STATISTICS
• ACCOUNT ACCOUNT HOLDERS DEPOSITS
CURRENT 55,000 5.6B
SAVINGS 71,000 2.5B
RUPEE PLUS 9,800 4.5B
TERM DEPOSITS 1,800 6.9B
TOTAL 137,600 19.7B
20. SHAREHOLDER’S STATISTICS
As at December 31, 2009
• Share Holders Total Shares Held
7,806 612,760,500
Jahangir Siddiqui 395,162,551
• 49% shares are held by EFU Inc
• 49% shares are held by JS bank in BANK
ISLAMI
21. SWOT Analysis
• Strengths
– Facility of foreign exchange to its customers
– Customer care center for its customers
– Online banking (online cash deposit and cash withdrawal, online
balance inquiry)
– Lockers facility to customers at all branches
– Cooperative staff (sup portative environment)
– Customer Satisfaction
– Continuous Improvement
– Employee Respect & Dignity.
– It has a reliable and easy to use internal computer system
– High context culture can only be seen in JS BANK i.e are
focused on building relations with customers.
23. • Opportunities
– JS bank is covered by many competitors. It has an
opportunity to do aggressive marketing to increase its
business volume.
– Stock exchange is very volatile and takes immediate
effect, So, in time of crisis investors return to saving
deposits.
– Extra Advertising
– Consumer Banking
– 24 Hrs ATM Network
– Foreign Investment
– New Branches
24. • Threats
– Inflation
– Government policies regarding tax
– Competitors in the banking sector
– Current economy conditions of country
– Weak Economic Conditions
– Unpredictable future
– High Interest Rates
– Increase in un-performing loan
25. PEST ANALYSIS
• Political
• Political Instability
• Employment practices
• Incident of high taxation
• Government policies
26. • Economical
• Constraints in mobilization of public savings
• Staff cost
• Operating cost
• Bad debts
• Economic crisis
• Weak market conditions
• Inflationary pressure
27. • SOCIAL
• Inadequate human resources
• Defaulters lobby
• Declining education & work ethics
• Inadequate accountability
28. • Technological
• Centralized operations
• Latest software
• Customer satisfaction through advance technology
• Heavy investment in technology
29. Conclusion
• Due to wide expansion of branches in all over the
Pakistan, JS bank in the near future shall capture
market in regard to its extraordinary CUSTOMER
SERVICES
30. Recommendations
• Branch establishment in rural areas.
• They should offer more services for youth as in
Pakistan they comprise a high percentage of 67%.
• Banking should be made on Islamic basis on large
scale
