MONEY AND CULTURES
Take a look at worldwide cultures with us and explore the interesting ways each society handles its personal finances.
ABOUT JS BANK
- Vision
- Mission
- Company Information
- Corporate Values
- Code of Conduct
ORGANIZATIONAL OVERVIEW
- Operating Structure
- Products and Services
- Credit Rating
- Composition of the Board
- Profile of the Board of Directors
- Our Presence
- Staff Strength
- Organizational Structure
- Corporate Profile of the Bank
- Chairman's Review
- Directors' Report
PERFORMANCE AND POSITION
- Highlights
- Six Years' Financial Summary
- Six Years' Vertical Analysis
- Six Years' Horizontal Analysis
- Six Years' Financial
Performance
- Graphical Presentation of Financial Statements
- Financial Ratios
-
Direct Method Cash Flow
Statement - DuPont Analysis
- Economic Value-Added Statement
- Summary of Cash Flows
- Free Cash Flows
- Analysis of Capital Adequacy Ratio
- Category of Investments
- Non-PerformingLoans
- Advances by Segment
- Funding Mix
- Quarterly Performance
-
Markup and Non-Markup
Income - Market Share Information
- Share Price Sensitivity Analysis
- Sensitivity Analysis-Foreign Currency Fluctuations
- JS Bank Calendar of Major
Events - 2023 - Value Chain
STRATEGY AND RESOURCE ALLOCATION
- Strategic Objectives
- Strategies in Place
- Resource Allocation Plan
- Strategy to Overcome Liquidity Problem
-
Significant Changes from Prior
Years - Business Model
IDENTIFICATION AND MITIGATION OF RISKS AND OPPORTUNITIES
96 Risk, Opportunities, and
related Mitigating Factors
102 Risk Management Framework
CORPORATE GOVERNANCE
106 Role and Responsibilities of the Board
- Sub-Committeesof the Board
- Annual Evaluation of the Board's Performance
- Role & Responsibilities of the Chairman
107 Role & Responsibilities of the President & CEO
107 Board's Performance Evaluation
107 Formal Orientation Courses for
Directors
107 Directors' Training
107 Directors' Remuneration
- Security Clearance of Foreign Director
- Board Meetings Held Outside Pakistan
- Policy for Actual and Perceived Conflict of Interest
- Investors' Grievance Policy
- Whistleblowing Policy
- Related Parties Policy
- Business Continuity Plan
- Report of the Audit Committee
112 Salient Features of Board Committees'
TOR
- Management Committees
- IT Governance
119 Human Resource Management Policies
SUSTAINABILITY AND CORPORATE SOCIAL RESPONSIBILITY
126 Sustainability and Corporate Social Responsibility
133 HR Initiatives towards Corporate Responsibilty
STAKEHOLDERS RELATIONSHIP AND ENGAGEMENT
140 Steps to Encourage Minority Shareholders' Participation in AGMs
140 Issues raised in last AGM, decisions taken and their implementation status
140 Investor Relation Section on Corporate Website
140 Corporate Briefing Session
- Customer Grievance Redressal Practices
-
Statement and Distribution of
Value Added - Excellence in Corporate Reporting
INDEPENDENT AUDITORS' REVIEW REPORT - CCG
STATEMENT OF COMPLIANCE WITH LISTED COMPANIES (CCG REGULATIONS, 2019)
Annual Report 2023
UNCONSOLIDATED
FINANCIAL STATEMENTS
152 Auditors' Report to the Members on Unconsolidated Financial Statements
- Unconsolidated Statement of Financial Position
- Unconsolidated Profit and Loss Account
- Unconsolidated Statement of Comprehensive Income
- Unconsolidated Statement of Changes in Equity
- Unconsolidated Cash Flow Statement
- Notes to the Unconsolidated Financial Statements
- Annexure - I
- Annexure - II
CONSOLIDATED
FINANCIAL STATEMENTS
262 Directors' Report on Consolidated
Financial Statements
268 Auditors' Report to the Members on Consolidated Financial Statements
- Consolidated Statement of Financial Position
- Consolidated Profit and Loss Account
- Consolidated Statement of Comprehensive Income
- Consolidated Statement of Changes in Equity
- Consolidated Cash Flow Statement
- Notes to the Consolidated Financial Statements
394 Annexure - II
396 Branch Network
- Pattern of Shareholding
- Notice of Eighteenth Annual General Meeting
Form of Proxy
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Pakistan
SAB SATH CHALEIN!
In Pakistan, money is managed collectively within the family and elders make the financial decisions. Pakistanis spend big on weddings and other family occasions and frequently exchange gifts. People save for their children's education, wedding and buying their own house.
About
JS Bank
About
JS Bank
Annual Report 2023
VISION
To be the most innovative, customer centric, and responsible bank in Pakistan.
MISSION
Our mission is to be a world class bank providing innovative financial services to our customers through a motivated team of professionals, supported by the latest technology, whilst maintaining high ethical standards, creating value for all our stakeholders, and contributing to the society through responsible and sustainable development.
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Annual Report 2023
COMPANY INFORMATION
Board of Directors | Auditors | |
Mr. Adil Matcheswala | Chairman | KPMG Taseer Hadi & Co. |
Mr. Khalilullah Shaikh | Independent Director* | Chartered Accountants |
Ms. Nargis Ali Akber Ghaloo | Independent Director | Sheikh Sultan Trust Building No. 2, Beaumont Road |
Lt. Gen. Retd. Sadiq Ali | Independent Director | Karachi. |
Syed Mumtaz Ali Shah | Independent Director | Legal Advisors |
Mr. Usman Yousaf Mobin | Independent Director | |
Mr. Basir Shamsie | President & CEO | Bawaney & Partners |
Board Audit Committee | Haidermota & Co. | |
Liaquat Merchant Associates | ||
Ms. Nargis Ali Akber Ghaloo | Chairperson | Share Registrar |
Lt. Gen. Retd. Sadiq Ali | Member | |
Mr. Khalilullah Shaikh | Member* | CDC Share Registrar Services Limited |
Board Human Resource, Remuneration & | CDC House, 99 - B, | |
Block 'B',S.M.C.H.S., | ||
Nomination Committee | Main Shahra-e-Faisal, | |
Syed Mumtaz Ali Shah | Chairman | Karachi. |
Mr. Adil Matcheswala | Member | Registered office |
Mr. Usman Yousaf Mobin | Member | |
Board Risk Management Committee | JS Bank Limited, Shaheen Commercial Complex | |
Dr. Ziauddin Ahmed Road | ||
Syed Mumtaz Ali Shah | Chairman | P.O. Box 4847, Karachi-74200, Pakistan |
Mr. Khalilullah Shaikh | Member* | UAN: +92 21 111 JS Bank (572-265)111-654-321 |
Lt. Gen. Retd. Sadiq Ali | Member | www.jsbl.com |
Mr. Basir Shamsie | Member | |
Board IT Committee | ||
Mr. Usman Yousaf Mobin | Chairman | |
Ms. Nargis Ali Akber Ghaloo | Member | |
Mr. Basir Shamsie | Member |
Chief Financial Officer
Mr. Amin Muhammad Virani**
Company Secretary & Head of Legal
Mr. Hasan Shahid**
-
Mr. Khalilullah Shaikh was appointed as director of the Bank with effect from December 12, 2023 in place of
Mr. Shahnawaz Haider Nawabi, whose Fit and Proper Test (FPT) clearance was granted on February 06, 2024 by the State Bank of Pakistan.
- Syed Adeel Ehtesham and Syed Muhammad Talib Raza have been appointed as Chief Financial Officer and Company Secretary of the Bank with effect from March 01, 2024 and March 04, 2024 respectively.
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JS Bank Ltd. published this content on 08 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2024 10:30:02 UTC.