Askari Bank Limited (AKBL) — Feb 9, 2026 3:00 PM
Announcement: AKBL | Askari Bank Limited FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2025
askaribank 4'-
LIMITED
SECTT/AKBL/Board-196/2026
February 9, 2026
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi
Deal- Sir
Subject: Financial Results for the Year Ended December 31,2025
We have to inform you that the Board of Directors of Askari Bank Limited (AKBL) in their
meeting held on Monday, February 09. 2026 at 10:30 am at Rawalpindi has recommended the
following:
i) Cash Dividend
A final Cash Dividend for the year ended December 31. 2025 at Rs. 1.75/- per share,
i.e., 17.5%. This is in addition to the Interim Cash Dividends already paid at Rs.3.25/-
per share i.e., 32.50%.
ii) Bonus Shares NIL
iii) Right Shares NIL
iv) Anv other entitlement/Corporate action NIL
v) Any other Price-Sensitive information NIL
The following documents are attached as annexures to this letter:
a) Financial Results of the Bank (Standalone & Consolidated);
b) Statement of Financial Position (Standalone & Consolidated);
c) Statement of Changes in Equity (Standalone & Consolidated); and
d) Statement ofCash Flows (Standalone & Consolidated).
The 34"' Annual General Meeting (AGM) of the shareholders of Askari Bank Limited (“the
Bank”) will be held on Tuesday. March 17. 2026 at 10:00 am at Shamadan Hall. Serena Hotel.
Islamabad.
The Share Transfer Books of the Bank will remain closed from March 10. 2026 to March 17,
2026 (both days inclusive). Transfers received at the Bank's Share Registrar. CDC Share
Registrar Services Limited (CDCSRSL), Mezzanine Floor, South Tower, LSE Plaza, 19-
Khayaban-e-Aiwan-e-Iqbal, Lahore at the close of business on March 9, 2026 will be treated
in time for the purpose of above entitlement.
The above entitlement will be paid to the shareholders whose names will appear in the Register
of Members at the close of business on March 9. 2026.
In line with PSX Notice No. PSX/N-1031 dated October 10. 2023, we shall be transmitting
annual report of the Bank through PUCARS to Pakistan Stock Exchange Limited.
Yours trii|y
-Syed AliSafdar'fy)
> Company Secret^
Askari Bank Limited, Coi any Secretary Office,
Plot# 18, 4th Floor ’T Building, F-8 Markaz, Islamabad - Pakistan
>4^. FAX: + 92 51 28574448, SWIFT: ASCMPKKA
PABX: + 92 51 28574
SECTT/AKBL/Board-196/2026
ASKARI BANK LIMITED
UNCONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2025
2025__________ 2024
Note (Rupees in *000)
ASSETS
Cash and balances with treasury banks 6 108,637,978 133,505,285
Balances with other banks 7 13,774,428 10,776,034
Lendings to financial institutions 8 14,128,026 4,567,619
Investments 9 2,028,768,983 1,509,745,761
Advances 10 586,621,904 695,758,143
Property and equipment 11 26,225,450 21,796,057
Right-of-use assets 12 14,931,093 12,161,484
Intangible assets 13 2,204,973 1,839,788
Assets held for sale 14 1,750,000
Deferred tax assets
Other assets 15 99,708,733 106,474,034
Total Assets 2,895,001,568 2,498,374,205
LIABILITIES
Bills payable 16 23,259,370 66,704,448
Borrowings 17 994,566,586 869,212,410
Deposits and other accounts 18 1,631,331,749 1,363,735,115
Lease liabilities 19 17,433,672 14,136,598
Subordinated debts 20 6,000,000 12,000,000
Deferred tax liabilities 21 14,303,187 734,350
Other liabilities 22 56,360,895 50,222,725
Total Liabilities 2,743,255,459 2,376,745,646
NET ASSETS 151,746,109 121,628,559
REPRESENTED BY
Share capital 23 14,492,992 14,492,992
Reserves 88,855,771 74,574,030
Surplus on revaluation of assets - net of tax 24 31,153,056 16,235,737
Unappropriated profit 17,244,290 16,325,800
151,746,109 121,628,559
CONTINGENCIES AND COMMITMENTS 25
The annexed notes 1 to 50 and Annexures I and II form an integral part of these unconsolidated
financial statements.
Chief Financial Officer President & CEO Director Director Chairman
SECTT/AKBL/Board-196/2026
ASKARI BANK LIMITED
UNCONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED DECEMBER 31, 2025
2025_________2024
Note (Rupees in ‘000)
Mark-up / return / interest earned 27 300,751,979 401,028,447
Mark-up / return I interest expensed 28 213,377,494 337,748,716
Net mark-up / interest income 87,374,485 63,279,731
NON MARK-UP / INTEREST INCOME
Fee and commission income 29 7,654,240 6,965,656
Dividend income 964,071 853,800
Foreign exchange income 4,273,488 4,078,427
Income / (loss) from derivatives
Gain on securities 30 4,320,826 2,851,511
Net gains / (losses) on derecognition of financial assets
measured at amortised cost
Other income 31 598,721 691,403
Total non-markup / interest income 17,811,346 15,440,797
Total income 105,185,831 78,720,528
NON MARK-UP I INTEREST EXPENSE
Operating expenses 32 49,449,635 35,408,493
Workers' welfare fund 610,000 540,000
Other charges 33 23,526 72,041
Total non-markup / interest expenses 50,083,161 36,020,534
Profit before credit loss allowance / provisions 55,102,670 42,699,994
Credit loss allowance / (reversal) and write offs - net 34 1,817,537 (1,807,385)
Other income / expense
PROFIT BEFORE TAXATION 53,285,133 44,507,379
Taxation 35 (30,481,814) (23,484,708)
PROFIT AFTER TAXATION 22,803,319 21,022,671
(Rupees)
Basic and diluted earnings per share 36 15.73 14.51
The annexed notes 1 to 50 and Annexures I and II form an integral part of these unconsolidated
financial statements.
Chief Financial Officer President & CEO Director Director Chairman
SECTT/AKBL/Board-196/2026
ASKARI BANK LIMITED
UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31. 2025
Capital Revenue Surplus / (deficit) on revaluation of
c S a h p a it r a e l Exchange S r t e a s tu e t r o ve ry General Investments P e r q o u p i e p r m ty e a n n t d / Unap p pr r o o p fi r t iated Total
translation reserve Non banking
reserve assets
(Rupees in ,000)
Balance as at January 1, 2024 14,492,992 1,912,226 17,748,529 38,078,900 (6,367,323) 10,825,685 20,431,812 97,122,821
Effect of reclassification / remeasurement on adoption
of IFRS-9 (net of tax) 1,751,597 223,613 1,975,210
Effect of adoption of IFRS-9 - credit loss
allowance (net of tax) (5,873,135) (5,873,135)
Balance as at January 1, 2024 - restated 14,492,992 1,912,226 17,748,529 38,078,900 (4,615,726) 10,825,685 14,782,290 93,224,896
Profit after taxation 21,022,671 21,022,671
Other comprehensive income - net of tax
Effect of translation of net investment in foreign branch (50,182) (50,182)
Movement in surplus on revaluation of debt
investments through FVOCI - net of tax 9,126,360 9,126,360
Gain on sale of debt securities carried at FVOCI
reclassified to profit and loss - net of tax (662,460) (662,460)
Remeasurement gain on defined benefit plan 806,337 806,337
Movement in surplus on revaluation of investment in
equity securities through FVOCI - net of tax 1,641,903 1,641,903
Movement in surplus on revaluation of non-banking assets 142,282 142,282
Total other comprehensive income (50,182) 10,105,803 142,282 806,337 11,004,240
Transfer to
Statutory reserve 2,102,267 (2,102,267)
General reserve 14,782,290 (14,782,290)
2,102,267 14,782,290 (16,884,557)
Gain on disposal of equity instruments measured
at FVOCI - net of tax (222,307) 222,307
Transaction with owners, recorded directly in equity
Final dividend 2023: Rs 2.5 per share (3,623,248) (3,623,248)
Balance as at December 31, 2024 14,492,992 1,862,044 19,850,796 52,861,190 5,267,770 10,967,967 16,325,800 121,628,559
Effect of remeasurement on adoption
of IFRS-9 (net of tax) 1,323,384 1,323,384
Effect of adoption of IFRS-9 - credit loss
allowance (net of tax) (434,970) (434,970)
Balance as at January 1, 2025 - restated 14,492,992 1,862,044 19,850,796 52,861,190 6,591,154 10,967,967 15,890,830 122,516,973
Profit after taxation 22,803,319 22,803,319
Other comprehensive income - net of tax
Effect of translation of net investment in foreign branch 23,507 23,507
Movement in surplus on revaluation of debt
investments through FVOCI - nel of tax 12,399,776 12,399,776
Gain on sale of debt securities carried at FVOCI
reclassified to profit and loss - net of tax (1,548,587) (1,548,587)
Remeasurement gain on defined benefit plan 21,868 21,868
Movement in surplus on revaluation of investment in
equity securities through FVOCI - net of tax 2,764,144 2,764,144
Movement in surplus on revaluation of property and 1,823,229 1,823,229
equipment
Total other comprehensive income 23,507 13,615,333 1,823,229 21,868 15,483,937
Transfer to:
Statutory reserve 2,280,332 (2,280,332)
General reserve 11,977,902 (11,977,902)
2,280,332 11,977,902 (14,258,234)
Transfer from surplus on revaluation of assets to
unappropriated profit on disposal (980,987) 980,987
Gain on disposal of equity instruments measured
at FVOCI - net of tax (863,640) 863,640
Transaction with owners, recorded directly in equity
Final dividend 2024: Rs 3 per share (4,347,898) (4,347,898)
Interim Dividend 2025: Rs 2 per share (2,898,598) (2,898,598)
Interim Dividend 2025: Rs 1.25 per share (1.811,624) (1.811,624)
Balance as at December 31. 2025 14,492,992 1,885,551 22,131,128 64,839,092 19,342,847 11,810,209 17,244,290 151,746,109
5/7^
The annexed notes 1 to 50 and Annexures I Jand III ffoorrm an integral part of these unconsolidated financial statements.
\\
Chief Financial Officer President & CEO Director Director Chairman
SECTT/AKBL/Board-196/2026
ASKARI BANK LIMITED
UNCONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2025
2025_________2024
Note (Rupees in ’000)
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation 53,285,133 44,507,379
Less: dividend income (964,071) (853,800)
52,321,062 43,653,579
Adjustments:
Net mark-up / interest income (87,374,485) (63,279,731)
Depreciation 11.2 1,910,339 1,405,401
Depreciation on right-of-use assets 12 2,410,862 2,257,101
Amortization 32 230,883 216,716
Interest expense on lease liability against right-of-use assets 19 1,984,326 1,544,722
Gain on termination of lease contracts under IFRS -16 31 (59,835) (31,978)
Charge for defined benefit plans 32.1 662,225 570,541
Credit loss allowance & write offs - net 1,938,481 (1,686,906)
Unrealized (loss) / gain on revaluation of securities - FVTPL 30 247,299 (1,051,535)
Gain on sale of property and equipment 31 (39,418) (43,029)
(78,089,323) (60,098,698)
(25,768,261) (16,445,119)
Decrease / (increase) in operating assets
Lendings to financial institutions (9,530,086) (4,538,497)
Net investment in securities classified as FVTPL 1,725,509 (653,345)
Advances 106,654,170 (72,136,166)
Other assets 1,206,219 (15,207,481)
100,055,812 (92,535,489)
Increase / (decrease) in operating liabilities
Bills payable (43,445,078) 54,310,112
Borrowings from financial institutions 124,153,241 225,849,745
Deposits 267,596,634 70,589,540
Other liabilities 7,223,946 2,820,879
355,528,743 353,570,276
429,816,294 244.589,668
Payment made to defined benefit plan (98,439) (183,597)
Mark-up / interest received 307,277,839 409,978,250
Mark-up / interest paid (215,000,337) (347,386,449)
Income tax paid (34,190,463) (25,495,371)
Net cash flow generated from operating activities 487,804,894 281,502,501
CASH FLOW FROM INVESTING ACTIVITIES
Net investment in securities classified as FVOCI (491,856,992) (320,939,863)
Net investment in securities measured at amortized cost 2,543,420 21,183,847
Investment in subsidiary (1,000,000)
Dividend received 962,521 852,135
Investments in property and equipment (4,560,873) (3,998,463)
Investments in intangible assets (596,068) (311,410)
Proceeds from disposal of asset held for sale 1,308,750
Proceeds from sale of property and equipment 83,788 61,691
Effect of translation of net investment in foreign branch 23,507 (50,182)
Net cash flow used in investing activities (492,091,947) (304,202,245)
CASH FLOW FROM FINANCING ACTIVITIES
(6,000,000)
Payment of subordinated debts
Payments against lease liabilities under IFRS-16 19 (3,807,888) (3,309,401)
Dividends paid (8,959,419) (3,586,808)
Net cash flow used in financing activities (18,767,307) (6,896,209)
(23,054,360) (29,595,953)
Decrease in cash and cash equivalents
Cash and cash equivalents at beginning of the year 144,280,472 173,876,425
Credit loss allowance on cash and cash equivalents - net (15,488)
Cash and cash equivalents at end of the year 37 121,210,624 144,280,472
e annexed notes 1 to 50 and Ann,exure: I and II form an integral part of these unconsolidated financial statements.
A i )
e?/nNAMCf iclII I /
Chief Financial Officer ^resident & CEO Director Director Chairman
SECTT/AKBL/Board-196/2026
ASKARI BANK LIMITED
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2025
2025____________2024
Note (Rupees in '000)
ASSETS
Cash and balances with treasury banks 6 108,988,768 133,535,448
Balances with other banks 7 14,988,447 12,958,886
Lendings to financial institutions 8 14,128,026 4,567,619
Investments 9 2,028,240,826 1,509,368,801
Advances 10 586,121,904 695,692,118
Property and equipment 11 26,397,266 21,834,904
Right-of-use assets 12 15,128,302 12,196,186
Intangible assets 13 2,215,160 1,849,778
Assets held for sale 14 1,750,000
Deferred tax assets
Other assets 15 101,281,135 107,627,956
Total Assets 2,897,489,834 2,501,381,696
LIABILITIES
Bills payable 16 23,259,370 66,704,448
Borrowings 17 994,566,586 869,212,410
Deposits and other accounts 18 1,630,039,984 1,362,850,503
Lease liabilities 19 17,642,967 14,174,653
Subordinated debts 20 6,000,000 12,000,000
Deferred tax liabilities 21 14,280,694 737,821
Other liabilities 22 58,992,466 53,291,573
Total Liabilities 2,744,782,067 2,378,971,408
NET ASSETS 152,707,767 122,410,288
REPRESENTED BY
Share capital 23 14,492,992 14,492,992
Reserves 88,971,868 74,690,127
Surplus on revaluation of assets - net of tax 24 31,153,056 16,235,737
Unappropriated profit 17,498,418 16,522,092
591,433 469.340
Non-controlling interest
152,707,767 122,410,288
CONTINGENCIES AND COMMITMENTS 25
The annexed notes 1 to 50 and Annexures I and II form an integral part of these consolidated financial
statements.
Chief Financial Officer President & CEO Director Director Chairman
TO
U,V - HO
* V —
SECTT/AKBL/Board-196/2026
ASKARI BANK LIMITED
CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED DECEMBER 31, 2025
2025__________ 2024
Note (Rupees in ‘000)
Mark-up I return I interest earned 27 301,016,908 401,257,754
Mark-up / return / interest expensed 28 213,312,584 337,603,215
Net mark-up / interest income 87,704,324 63,654,539
NON MARK-UP / INTEREST INCOME
Fee and commission income 29 8,481,761 7,553,247
Dividend income 926,523 828,952
Foreign exchange income 4,299,632 4,079,139
Income / (loss) from derivatives
Gain on securities 30 4,351,691 2,875,039
Net gains / (losses) on derecognition of financial assets
measured at amortised cost
Other income 31 598,721 692,012
Total non-markup / interest income 18,658,328 16,028,389
Total income 106,362,652 79,682,928
NON MARK-UP I INTEREST EXPENSE
Operating expenses 32 50,248,087 35,990,556
Workers' welfare fund 619,794 550,236
Other charges 33 23,526 72,041
Total non-markup / interest expenses 50,891,407 36,612,833
Profit before credit loss allowance / provisions 55,471,245 43,070,095
Credit loss allowance / (reversal) and write offs - net 34 1,818,787 (1,799,385)
Other income / expense
PROFIT BEFORE TAXATION 53,652,458 44,869,480
Taxation 35 (30,627,546) (23,612,925)
PROFIT AFTER TAXATION 23,024,912 21,256,555
Profit attributable to
Non-controlling interest 164,100 118,861
22,860,812 21,137,694
Equity holders of the Bank
23,024,912 21,256,555
(Rupees)
Basic and diluted earnings per share 36 15.77 14.58
The annexed notes 1 to 50 and Annexures I and II form an integral part of these consolidated financial
statements.
DIV -
A
Chief Financial Offi< r President & CEO Director Director Chairman
SECTT/AKBL/Board-196/2026
ASKARI BANK LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31. 2025
Capital Ravenue Surplus / (deficit) on revaluation of
Share Exchange Statutory Property and Unappropriated Non­
capital translation Merger reserve General Investments equipment / profit Controlling Total
reserve reserve Non banking Interest
reserve
assets
I [mi;:; i ifiif'Z'M] I
Balance as at January 1, 2024 14,492,992 1,912,226 128,355 17,748,529 38,066,642 (6,367,230) 10,825,685 20,511,764 376,698 97,695,661
Effect of reclassification / remeasurement on adoption
of IFRS-9 (net of tax) 1,751,597 223,613 1,975,210
Effect of adoption of IFRS-9 - credit loss
allowance (net of tax) (5,873,135) (5,873,135)
Balance as at January 1, 2024 - restated 14,492,992 1,912,226 128,355 17,748.529 38,066,642 (4,615,633) 10,825,685 14.862,242 376,698 93,797,736
Profit after taxation 21,137,694 118,861 21,256,555
Other comprehensive income - net of tax
Effect of translation of net investment in foreign branch (50,182) (50,182)
Movement in surplus on revaluation of debt
investments through FVOCI - net of tax 9,126.267 9,126,267
Gam on sale of debt securities carried at FVOCI
reclassified to profit and loss - net of tax (662,460) (662,460)
Remeasurement gain on defined benefit plan 807,654 2,005 809,659
Movement in surplus on revaluation of investment in
equity securities through FVOCI - net of tax 1,641,903 1,641,903
Movement In surplus on revaluation of non-banking assets 142,282 142,282
Total other comprehensive income (50,182) 10.105,710 142,282 807,654 2,005 11,007,469
Transfer to
Statutory reserve 2,102,267 (2,102,267)
General reserve 14,782,290 (14,782,290)
2.102,267 14,782,290 (16.884,557)
Gain on disposal of equity instruments measured
at FVOCI - net of tax (222,307) 222,307
Transaction with owners, recorded directly In equity
Final dividend 2023: Rs 2.5 per share (3,623,248) (28,224) (3,651,472)
Balance as at December 31, 2024 14,492,992 1,862,044 128,355 19,850,796 52,848,932 5,267,770 10,967,967 16,522,092 469,340 122,410,288
Effect of remeasurement on adoption
of IFRS-9 (net of tax) 1,323,384 1,323,384
Effect of adoption of IFRS-9 - credit loss
allowance (net of tax) (434,970) (434,970)
Balance as at January 1, 2026 - restated 14,492,992 1,862,044 128,366 19,860,796 52,848,932 6,591,164 10,967,967 16,087,122 469,340 123,298,702
Profit after taxation 22,860,812 164,100 23,024,912
Other comprehensive income - net of tax
Effect of translation of net investment in foreign branch 23,607 23,607
Movement in surplus on revaluation of debt
investments through FVOCI - net of tax 12,399,776 12,399,776
Gam on sale of debt securities earned at FVOCI
reclassified to profit and loss - net of tax (1,548,587) (1,548,587)
Remeasurement gam on defined benefit plan 22,211 329 22,640
Movement in surplus on revaluation of investment in
equity securities through FVOCI - net of tax 2,764,144 2,764,144
Movement In surplus on revaluation of properly and
equipment 1,823,229 1,823,229
Total other comprehensive income 23,607 13,615,333 1,823,229 22,211 329 15,484,609
Transfer to
Statutory reserve 2,280,332 (2,280,332)
General reserve 11,977,902 (11,977,902)
2,280,332 11,977,902 (14,258,234)
Transfer from surplus on revaluation of assets to
unappropriated profit on disposal (980,987) 980,987
Gain on disposal of equity instruments measured
at FVOCI - net of tax (863,640) 863,640
Transaction with owners, recorded directly In equity
Final dividend 2024: Rs 3 per share (4,347,898) (4,347,898)
Interim Dividend 2025: Rs 2 per share (2,898,598) (2,898,598)
Interim Dividend 2025: Rs 1.25 per share (1,811,624) (1,811,624)
Final dividend of subsidiary 2024 Rs 1.5 per share (42,336) (42,336)
Balance as at December 31, 2025 14,492,992 1,885,551 128,355 22,131.128 64,826,834 19,342,847 11,810,209 17,498,418 591,433 152,707,767
The annexed notes 1 to 50 and Annexures I and II form an integral pari of these consolidated financial statements.
Chief Financial Officer V) FINANCE^’ President & CEO Director Director Chairman
DIV - HO/*4",
SECTT/AKBL/Board-196/2026
ASKARI BANK LIMITED
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2025
2025__________2024
Note (Rupees in '000)
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation 53,652,458 44,869,480
Less: dividend income (926,523) (828,952)
52,725,935 44.040,528
Adjustments:
Net mark-up / interest income (87,704,324) (63,654,539)
Depreciation 11.2 1,950,709 1,413,340
Depreciation on right-of-use assets 12 2,428,263 2,258,248
Amortization 32 232,290 216,856
Interest expense on lease liability against right-of-use assets 19 2,004,672 1,544,722
Gain on termination of lease contracts under IFRS -16 31 (59,835) (31,978)
Charge for defined benefit plans 32.1 678,366 573,453
Credit loss allowance & write offs - net 1,939,731 (1,678,906)
Unrealized (loss) / gain on revaluation of securities - FVTPL 30 216,434 (1,075,063)
Gain on sale of property and equipment 31 (39,418) (43,029)
(78,353,112) (60,476,896)
(25,627,177) (16,436.368)
Decrease / (increase) in operating assets
Lendings to financial institutions (9,530,086) (4,538,497)
Net investment in securities classified as FVTPL 1,391,940 (702,378)
Advances 107,088,145 (72,156,819)
Other assets 771,401 (15,537,355)
99,721,400 (92,935,049)
Increase / (decrease) in operating liabilities
Bills payable (43,445,078) 54,310,112
Borrowings from financial institutions 124,153,241 225,849,745
Deposits 267,189,481 70,055,797
Other liabilities 6,823,862 4,345,707
354,721,506 354,561,361
428,815,729 245,189,944
Payment made to defined benefit plan (103,793) (167,320)
Mark-up / interest received 307,541,465 410,186,778
Mark-up / interest paid (214,935,427) (347,240,948)
Income tax paid (34,352,136) (25,569,990)
Net cash flow generated from operating activities 486,965,838 282,398,464
CASH FLOW FROM INVESTING ACTIVITIES
Net investment in securities classified as FVOCI (491,856,992) (320,900,197)
Net investment in securities measured at amortised cost 3,028,186 20,545,362
Dividend received 924,973 827,287
Investments in property and equipment (4,734,212) (4,024,711)
Investments in intangible assets (597,672) (316,662)
Proceeds from disposal of asset held for sale 1,308,750
Proceeds from sale of property and equipment 83,788 61,691
Effect of translation of net investment in foreign branch 23,507 (50,182)
Net cash flow used in investing activities (491,819,672) (303,857,412)
CASH FLOW FROM FINANCING ACTIVITIES
Payment of subordinated debts (6,000,000)
Payments against lease liabilities under IFRS-16 19 (3,846,977) (3,309,401)
Dividends paid (9,001,755) (3,586,808)
Net cash flow used in financing activities (18,848,732) (6,896,209)
Decrease in cash and cash equivalents (23,702,566) (28,355,157)
Cash and cash equivalents at beginning of the year 146,493,487 174,848,644
Credit loss allowance on cash and cash equivalents - net (15,488)
37 122,775,433 146,493.487
Cash and cash equivalents at end of the year
The annexed notes 11 to 50 and Annexures I and II form an integral part of these consolidated financial statements.
U wl DIV - Hoy--’]
Chief Financial icei &CEO Director Director Chairman