Habib Metropolitan Bank Limited (“HabibMetro” or the "Bank”) was incorporated as a public limited company in 1992 and was listed on the Pakistan Stock Exchange (PSX). The Bank operates as a scheduled commercial bank in Pakistan, offering a full range of conventional and Islamic banking services.

The Bank commenced its commercial banking operations as Metropolitan Bank in October 1992. In October 2006, the Bank merged with the Pakistan operations of Habib Bank AG Zurich, resulting in the formation of Habib Metropolitan Bank Limited. The Bank's registered office is located at the HabibMetro Head Office on I.I. Chundrigar Road, Karachi.

HabibMetro provides comprehensive banking services and products across four primary operating segments i) Trade & Sales, encompassing treasury, money market, capital market activities, and specialized trade finance products, contributing 35% to profit before tax (PBT); ii) Retail Banking, offering services to individual customers along with technologically advanced solutions such as mobile banking, Visa cards, and a nationwide ATM network, contributing 22% to PBT; iii) Commercial Banking, serving corporate, SME, agricultural, and asset-financing customers with a 25% PBT contribution; and iv) Islamic Banking, operating under the brand name “SIRAT,” contributing 18% to PBT and representing 17.3% of total assets (PKR 371bln). The Bank’s trade finance business includes import and export-related services such as Letters of Credit, Import Financing, L/C Advising & Confirmation, Export Bills Collection, and issuance of various guarantees, including performance, bid, advance payment, and financial guarantees to support commercial activities. At end-Dec25 the Bank has a branch network of 562 (end-Dec24: 551) branches, including 243 (end-Dec24: 223) Islamic banking branches, an offshore branch (Karachi Export Processing Zone branch), and 1 (end-Dec24:1) sub-branch in Pakistan.

Habib Metropolitan Bank Limited is a subsidiary of Habib Bank AG Zurich (HBZ), Switzerland, which holds a majority stake of 51% in the Bank, while the remaining shareholding is held by Corporates & Financial Institutions (30%) and Individuals (19%). The association with HBZ provides HabibMetro with access to global banking expertise, strong governance standards, and international credibility.

The ownership structure of HabibMetro is considered highly stable, with Habib Bank AG Zurich (HBZ) continuing to maintain its controlling position as the parent company. The Swiss parentage not only strengthens the Bank’s stability but also enhances its governance framework and access to international best practices in banking operations. The shareholding structure has remained unchanged for many years, and no material changes in ownership are anticipated in the foreseeable future. 

HabibMetro enjoys a close institutional relationship with Habib Group (HG) entities. The Habib family, having been involved in banking for over 80 years, is considered the pioneer in introducing banking in Pakistan.

Habib Bank AG Zurich (HBZ) is a global financial institution with over 580 branches across eight countries spanning four continents. Owned and managed by the Habib Family, HBZ operates three wholly owned subsidiary banks: Habib Bank Zurich Plc (UK), Habib Canadian Bank, and HBZ Bank Limited (South Africa). The Group also has subsidiaries in Hong Kong (Habib Bank Zurich (Hong Kong) Ltd.) and Pakistan (Habib Metropolitan Bank Limited). Over the years, HBZ has consistently strengthened its capital base through internal capital generation, with shareholders' equity exceeding CHF 1.5bln, reflecting the Group's strong financial profile and long-term commitment to prudent capital management.

HabibMetro’s Board of Directors (Board) comprises nine members, including five non-executive directors, four representing HBZ, and three independent directors, and one executive director, the Chief Executive Officer (CEO).

The Chairperson of the Board, Mr. Mohamedali R. Habib, is a well-known and seasoned banker with over 37 years of experience. He was appointed as Joint President & Division Head (Asia) & Member of General Management of HBZ in 2011 and was elevated to Group CEO in 2016. He is accompanied by well-known and seasoned professionals. Mr. Mohomed Bashir - Non-Executive Director is a highly respected businessman with decades of experience in the textile industry and commerce. He serves as Chairperson of Gul Ahmed Textile Mills and has held key positions in national and international business councils. Recognized globally, he has received several prestigious awards, including the Sitara-e-Imtiaz and international honors from France and Sweden. Mr. Muhammad Hyder Habib - Non-Executive Director is a seasoned banker with over 40 years of experience and is member of Board of Directors of Habib Bank AG Zurich. He also holds directorships in HBZ Bank Ltd. (South Africa), Habib Canadian Bank, and Gefan Finanz AG (Switzerland). He holds a finance degree from Babson College, Boston, USA. Mr. Rashid Ahmed Jafer - Independent Director has 38 years of experience with A.F. Ferguson & Co., including 23 years as a partner, specializing in statutory audit. He is a fellow of ICAP and has served on various key committees, including ICAP’s Quality Assurance Board. Mr. Mohsin Ali Nathani - Non-Executive Director has over 30 years of international banking experience across Asia, the Middle East, and the Levant, and is currently a Member of General Management and Head of Asian Markets & Canada at Habib Bank AG Zurich. He previously served as President & CEO of HabibMetro and held senior roles at Standard Chartered, Barclays, ABN AMRO, and Citigroup. An IBA Karachi MBA graduate, he also serves on multiple boards and is active in philanthropic and educational initiatives. Mr. Ali Abbas Sikander - Independent Director is a seasoned C-level executive with over 25 years of experience in banking and finance, known for driving innovation, digital solutions, and strategic partnerships. He is a subject matter expert in Payments, Microfinance, and Transactional Banking, with a strong track record in building high-performing teams. His strategic leadership and technical acumen make him a valuable asset to forward-thinking organizations. Mr. Hamza Habib - Non-Executive Director, joined the Bank in 2020, has over 15 years of banking experience. He is currently Head of Corporate Banking at Habib Bank AG Zurich in Dubai and also serves on the Board of Agriauto Industries Ltd. A Babson College graduate, he is a Certified Director from the Pakistan Institute of Corporate Governance. Ms. Tushna D. Kandawalla - Independent Director joined the Bank in 2026 and brings extensive experience in finance, strategic planning, operations, and corporate governance. She serves as the Managing Director of Captain PQ Chemical Industries (Private) Limited and has previously held positions at Home Box Office and Arthur Andersen. She holds a B.A. in Economics from Brown University, an MBA from Boston University, and is a Certified Public Accountant (CPA). 

The Board actively participates in strategy formulation and effectively monitors the managerial affairs of the Bank. There are five board committees in place, namely i) Audit Committee, ii) Human Resource & Remuneration Committee, iii) Risk & Compliance Committee, iv) Credit Committee, and v) Information Technology Committee, to assist the Board in the effective oversight of the Bank’s overall operations on relevant matters.

KPMG Taseer Hadi & Co., Chartered Accountants, serves as the external auditors for the Bank and has provided an unqualified audit report on the annual financial statements for the year CY25. In addition, HabibMetro has an Internal Audit Division in place that conducts ongoing reviews to enhance the quality of the Bank's internal control environment.

HabibMetro’s organizational structure and lines of authority are well-defined, with proper monitoring and compliance mechanisms, and processes throughout the Bank are largely governed by approved policies and procedures. The Bank, with a largely horizontal organizational structure, has fifteen groups & divisions reporting to the CEO, except the Internal Audit Division, which reports to the Board’s Audit Committee.

Mr. Khurram Shahzad Khan, President & CEO of the Bank, is a seasoned banker with over 35 years of experience in risk, credit, corporate, and investment banking. He has held key leadership roles at institutions like Banque Indosuez, Standard Chartered, and HabibMetro. An MBA from the University of Rochester and a Certified Director, he also holds a BSc in Engineering from UET Lahore. Mr. Fuzail Abbas - Chief Financial Officer of the Bank, with over three decades of experience. He oversees financial operations, reporting, and compliance, ensuring strong financial performance. A fellow of ICAP, he plays a key role in the Bank’s corporate governance and strategic growth. Mr. Syed Hasnain Haider Rizvi - Chief Compliance Officer of the Bank, with over 30 years of banking experience. He holds multiple professional certifications, including ACMA, CIA, and AFAIM. He oversees the Bank’s compliance framework, ensuring regulatory adherence and strong corporate governance. Mr. Ali Mansoor - Chief Risk Officer of the Bank, was appointed in 2024. He holds a Bachelor of Commerce degree and has extensive experience in risk and credit management. He oversees the Bank’s risk framework to ensure financial stability and support strategic goals.

HabibMetro has various management committees, including the Central Management Committee (CMC), Central Credit Committee (CCC), Asset and Liability Committee (ALCO), Management Compliance Committee, Operational Risk and Control Committee (ORCC), and Information Technology Steering Committee (ITSC). These committees ensure smooth operations, coordinate at different levels, and maintain segregation of duties. An internal control framework is in place, regularly tested to address top risks and ensure effective oversight.

HabibMetro continues to upgrade its core banking software, h-PLUS. It offers many features, including Intelligent Option Navigation, Event Monitoring, Real-Time Client Limit Monitoring, and Customer Credit Worthiness Analysis. The Bank is enjoying synergies in the core banking software from the Parent Bank. The technology infrastructure supports real-time transaction processing, risk monitoring, and comprehensive reporting across all operational segments. Investment in technology continues to be a focus area, as reflected in the increasing administrative expenses related to technology and digital transformation initiatives.

The Bank has a comprehensive and well-structured risk management framework aligned with its size, complexity, and target market. Risk considerations are embedded across all levels, strategic, tactical, and operational, and cover key areas such as credit, operations, market, liquidity, and information risk. The framework is supported by strong internal controls, a secure and capable processing system, and built-in segregation of duties. Independent, risk-based audits are conducted throughout the year by the Internal Audit Division. A robust MIS and a team of experienced professionals further enhance risk oversight. The Bank's Board, along with the Board Risk and Compliance Committee (BRCC), Central Management Committee (CMC), and Operational Risk and Compliance Committee (ORCC), oversee the Bank's strategy, efforts, and processes related to risk management. The Bank uses an internal Risk Rating Module to enhance objectivity in its credit appraisal process through the Obligor Risk Rating (ORR) system. The Bank has assigned 5% of its obligors under Good and above" credit risk rating, while another 75% fall under the "Marginal and above" category. Approximately 13% of obligors are rated under "Overdue but not Classified and above," and 8% are categorized under "Loss and above.      

During CY25, Pakistan’s banking sector’s total assets grew by approximately 17.8% YoY, while investments surged by ~31.1% to PKR ~39.1trln (CY24: PKR ~29.8trln). Net advances of the sector declined by ~6% to PKR ~14.9trln (CY24: PKR ~15.8trln). Non-Performing Loans (NPLs) decreased by 9.7% YoY to PKR ~964bln (CY24: PKR ~1,068bln). The Capital Adequacy Ratio (CAR) averaged 20.8% (CY24: 20.6%), slightly below historical averages due to higher risk-weighted assets and a shift toward low-yield government securities, yet capitalization remains adequate to absorb potential shocks. While the Advances to Deposit Ratio (ADR) was reported at 37.5% (CY24: 49.7%), which appears higher relative to declining advances, because deposit growth outpaced lending activity. This reflects a cautious lending stance by banks in a challenging macroeconomic environment, where risk-averse behavior and liquidity accumulation resulted in slower credit deployment, pushing the ADR downwards. In a lower policy rate environment, coupled with high operating costs and reduced lending, the sector faced margin pressure, leading to moderated profitability by end-CY25, despite robust capitalization and improving asset quality. (Source: SBP Compendium). Against this operating backdrop, HabibMetro maintained its growth trajectory during CY25, with its lending portfolio recording an increase of 8.5%. The Bank reported an Advance-to-Deposit Ratio (ADR) of 45.98% (CY24: 51.16%), reflecting a decline mainly due to stronger deposit growth, which rose by 20.8% during the year. While the increase in deposits strengthened the Bank’s funding profile and liquidity position, the growth in risk-weighted assets placed pressure on the capital base, resulting in a moderation of the Capital Adequacy Ratio (CAR) to 17% (CY24: 19.3%).

During CY25, the Bank demonstrated sustainable growth, recording a 20.8% increase in its total deposit base to PKR 1,119.6bln (CY24: PKR 927.1bln), significantly outpacing advances growth and reinforcing the Bank's strong franchise and deposit mobilization capabilities. Customer deposits rose by 11.6% to PKR 1,013.8bln (CY24: PKR 908.6bln), while deposits from financial institutions increased sharply by 472% to PKR 105.8bln (CY24: PKR 18.5bln). The Bank’s market share on the basis of customer deposits stood at 2.9% (CY24: 3.1%), indicating modest moderation despite overall growth in the banking sector.

In CY25, HabibMetro's total markup income contracted by 32% to PKR 159.3bln (CY24: PKR 234.2bln), reflecting broad-based compression in asset yields across the balance sheet. On a spread basis, however, the impact was partially mitigated, as liability repricing outpaced asset repricing. Markup income on advances stood at PKR 52.5bln (CY24: PKR 69.1bln), declining by 23.9% despite 8.5% growth in the advances portfolio, indicating yield compression driven by the lower interest rate environment and moderated ADR, as the Bank maintained a disciplined credit expansion strategy. Investment-related markup income declined by 36.1% to PKR 103bln (CY24: PKR 161.3bln), accounting for 64.7% of total markup income and reflecting the Bank’s investment-heavy asset mix, with investments comprising 52.1% of total assets. Within the investment book, PIBs remained the dominant instrument, with yields adjusting in line with successive SBP policy rate cuts. On the funding side, markup expenses declined by 43.4% to PKR 92.8bln (CY24: PKR 163.9bln), supported by effective mobilization of low-cost deposits. Despite faster repricing of liabilities relative to assets, Net Interest Margin (NIM) contracted by 5.5% to PKR 66.5bln (CY24: PKR 70.3bln). Asset yields declined to 11.6% (CY24: 17.6%), while the cost of funds fell to 7.0% (CY24: 12.6%), resulting in a spread of 4.6% (CY24: 5.0%). The compression in spread and NIM was primarily driven by the sharp reduction in the overall interest rate environment, partially cushioned by rapid repricing of the deposit base, improved current account mobilization, and effective funding cost management.

In CY25, HabibMetro's total income demonstrated resilience, holding broadly steady at PKR 90.9bln (CY24: PKR 91.6bln) — a marginal YoY decline of 0.7% — as strong growth in non-markup income largely absorbed the compression in net markup income. Non-markup income expanded by 15.1% to PKR 24.5bln (CY24: PKR 21.3bln), with the uptick broad-based across key revenue streams: foreign exchange income grew by 15.6% to PKR 8.2bln (CY24: PKR 7.1bln), gains on securities surged by 61.8% to PKR 4.0bln (CY24: PKR 2.5bln), and fee and commission income increased by 5.0% to PKR 11.3bln (CY24: PKR 10.8bln). The fee base was anchored by trade-related commissions of PKR 6.3bln (CY24: PKR 6.6bln), branch banking customer fees of PKR 1.5bln (CY24: PKR 1.3bln), commission on guarantees of PKR 1.4bln (CY24: PKR 1.2bln), and card-related fees of PKR 1.4bln (CY24: PKR 1bln). Dividend income increased by 21.3% to PKR 904.6mln (CY24: PKR 746.1mln), while other income moderated to PKR 139.9mln (CY24: PKR 256.1mln). On the expense side, total non-markup expenses increased by 15.2% to PKR 40.1bln (CY24: PKR 34.8bln), primarily driven by higher compensation expense of PKR 15.6bln (CY24: PKR 13.5bln), increased technology-related expenditure of PKR 3.4bln (CY24: PKR 2.5bln), and property-related costs of PKR 6.9bln (CY24: PKR 6.5bln), reflecting the Bank's ongoing branch expansion, Islamic banking network growth, and continued investment in digital infrastructure. Consequently, the cost-to-income ratio rose to 44.1% (CY24: 38%). Profit Before Credit Loss Allowance declined by 10.5% to PKR 50.9bln (CY24: PKR 56.8bln). Credit loss allowance decreased substantially by 55.7% to PKR 1.8bln (CY24: PKR 4.1bln), underpinned by disciplined credit risk management and favorable shifts in risk parameters under the IFRS-9 framework. Accordingly, Profit Before Taxation (PBT) stood at PKR 49bln (CY24: PKR 52.7bln), registering a decline of 6.9% YoY. Taxation for the year amounted to PKR 26.4bln (CY24: PKR 27.9bln), translating into a Profit After Taxation (PAT) of PKR 22.6bln (CY24: PKR 24.7bln), reflecting an 8.5% YoY decline. Notably, the pace of PAT contraction outstripped that of PBT, a divergence largely attributable to an elevated effective tax rate of 53.9% — a consequence of the continued imposition of super tax, which remains a persistent headwind to bottom-line earnings accretion.

HabibMetro’s strategic direction for 2026 remains focused on sustainable growth, operational efficiency, and customer-centric value creation. The Bank aims to expand its low-cost deposit base, strengthen its Islamic banking footprint under the SIRAT network, maintain strong asset quality, and further enhance its digital capabilities through innovative financial products and services. Key priorities include growing transaction and employee banking, remittance and trade finance businesses, broadening its client base, improving service quality, sustaining shareholder returns through consistent dividend payouts, and advancing its ESG and CSR agenda through contributions to education, healthcare, community welfare, and diversity and inclusion. These priorities are supported by a strong execution track record. The Bank’s Islamic banking business recorded a CAGR of 30.4% in assets between 2021 and 2025, with deposits reaching PKR 305bln and a current account mix of 37.6%. Digital transactions increased by 22% YoY to 56mln in 2025, while transaction volumes rose by 40% to PKR 1.53trln. The digital ecosystem also expanded, with 777,000 mobile app users, 852,000 debit cards, 629 ATMs, and 76,000 digital accounts, reflecting a penetration rate of 72%. Meanwhile, deposit mobilization through digital channels surged to PKR 806mln, up 1,273% YoY.

At end-Dec25, HabibMetro's gross advances portfolio grew by 8.4% to PKR 545.9bln (end-Dec'24: PKR 503.8bln), reflecting a calibrated and disciplined approach to credit expansion aligned with the Bank's risk appetite. However, deposit growth — at 20.8% — significantly outpaced advances growth, resulting in a compression in the Advances-to-Deposit Ratio (ADR), which moderated to 45.9% (end-Dec'24: 51.2%), indicating an increasing deployment of incremental funds into the investment portfolio rather than active credit underwriting. On a segment basis, private sector advances remained broadly stable at PKR 482bln (end-Dec'24: PKR 480.5bln), while public sector exposure increased to PKR 63.9bln (end-Dec'24: PKR 23.3bln), bringing gross advances to PKR 545.9bln (end-Dec'24: PKR 503.8bln). The Top 20 Advances to Gross Advances concentration stood at 44.9% (end-Dec’24: 40.5%), largely comprising exposures to financially sound corporate borrowers. Sector-wise, Textile remained the dominant exposure at PKR 197.5bln, constituting 36.2% of total gross advances (end-Dec'24: PKR 190.3bln), followed by the Financial sector at PKR 82.3bln (15.1%)—which increased from PKR 80bln in Dec'24, Power sector at PKR 46.4bln (8.5%) — which recorded a notable increase from PKR 29.1bln in Dec'24. On the asset quality front, Non-Performing Loans (NPLs) increased moderately by 5.6% to PKR 26.6bln (end-Dec'24: PKR 25.2bln); however, the infection ratio improved to 4.9% (end-Dec'24: 5.0%). The Top 20 NPLs to Total NPLs concentration stood at 87.6% (end-Dec’24: 85.6%). Sector-wise, Textile accounted for the largest share of NPLs at PKR 15bln (end-Dec'24: PKR 16.2bln), followed by Power at PKR 3.8bln (end-Dec'24: PKR 0.9bln) and Edibles at PKR 2.1bln (end-Dec'24: PKR 2.2bln). NPL coverage remained robust at 99% (end-Dec'24: 95.8%), backed by PKR 26.3bln in stage 3 provisions (end-Dec'24: PKR 24.1bln), demonstrating strong provisioning discipline and prudent balance sheet management. Overall, HabibMetro's advances portfolio reflects a sound credit culture underpinned by healthy asset quality metrics, though the structural moderation in ADR and relatively measured pace of credit growth continue to temper the full deployment of the Bank's expanding deposit base.

At end-Dec'25, the Bank's investment portfolio expanded by 6.6% to PKR 864.7bln (end-Dec'24: PKR 810.9bln), constituting 52.1% of total assets and reflecting the Bank's continued preference for a stable, low-risk asset mix in a transitioning interest rate environment. Federal Government securities dominated the portfolio at PKR 835.2bln, representing 96.6% of total investments (end-Dec'24: PKR 780.2bln), underscoring HabibMetro's conservative investment philosophy and strong alignment with sovereign-backed instruments. Within the government securities portfolio, Pakistan Investment Bonds (PIBs) remained the key contributor to growth, increasing by 15.9% to PKR 584.9bln (end-Dec'24: PKR 504.4bln) and accounting for 70.0% of the overall government securities book. The PIB portfolio was strategically diversified between fixed-rate (43%) and floating-rate (57%) instruments to effectively manage duration risk and optimize yields. Meanwhile, Market Treasury Bills (T-Bills) declined by 23.1% to PKR 101.4bln (end-Dec'24: PKR 131.8bln), reflecting a deliberate reallocation towards longer-duration PIBs to lock in relatively attractive yields. Ijarah Sukuk moderated by 32.0% to PKR 96.2bln (end-Dec'24: PKR 141.4bln), while Bai Muajjal transactions contributed PKR 51.9bln and Islamic Naya Pakistan Certificates stood at PKR 0.8bln. The shift in portfolio composition from shorter-tenor T-Bills and Sukuk towards longer-duration PIBs and Bai Muajjal transactions reflects the Bank's proactive approach to yield optimization and interest rate risk management. The residual portfolio, comprising 3.4% of total investments, stood at PKR 29.4bln and included listed and unlisted shares of PKR 14.2bln (end-Dec'24: PKR 9.0bln), non-government debt securities of PKR 9.5bln (end-Dec'24: PKR 14.0bln), REITs of PKR 3.8bln, and mutual funds of PKR 0.2bln. The Bank also maintains strategic investments in its subsidiaries, including Habib Metropolitan Financial Services Limited, Habib Metropolitan Modaraba Management Company (Private) Limited, and HabibMetro Exchange Services Limited, alongside a minority stake in First Habib Modaraba, providing diversification across financial services and exchange operations. As of end-Mar'26, the investment portfolio came under mark-to-market pressure as the rebound in market yields following the interest rate easing cycle in Dec'25 led to revaluation losses on fixed-income securities. FVOCI debt and equity securities recorded revaluation losses of PKR 5.6bln and PKR 1.3bln, respectively, resulting in a cumulative OCI impact of PKR 6.9bln and reducing the surplus on revaluation of assets to PKR 9.5bln (end-Dec'25: PKR 16.5bln). Meanwhile, unrealized losses on FVTPL securities were more than offset by realized gains on securities sales, translating into a net securities gain of PKR 0.5bln. Despite these valuation pressures, the Bank's equity base remained strong at PKR 121.2bln, supported by retained earnings of PKR 63.2bln, providing adequate loss-absorption capacity and underpinning its overall market risk profile.

At end-Dec25, the deposit mix reflected a meaningful improvement in low-cost funding, with the CASA ratio strengthening to 80.1% (end-Dec'24: 78.5%), supported by an absolute CASA increment of PKR 169.3bln during the year. Current account deposits remained largely stable at PKR 414.3bln (end-Dec'24: PKR 404.9bln), constituting 37.0% of total deposits (end-Dec'24: 43.7%), with Islamic banking current accounts recording a 10.7% uptick within the segment. Savings deposits expanded sharply by 49.5% to PKR 482.6bln (end-Dec'24: PKR 322.7bln), now constituting 43.1% of total deposits (end-Dec'24: 34.8%). Term deposits grew by 13% to PKR 191.6bln (end-Dec'24: PKR 169.6bln), representing 17.1% of the deposit base — reflecting HabibMetro's structural advantage in maintaining a predominantly low-cost, current and savings-heavy funding mix. The Top 20 deposit concentration to total deposits stood at 16.9% (CY24: 7.9%). In terms of deposit composition, Individual deposits constituted the largest share at 42.8% of total deposits (CY24: 52.1%), followed closely by Private Sector deposits at 42.0% (CY24: 42.5%), reflecting a relatively diversified funding base. Non-Banking Financial Institutions (NBFIs) contributed 9.4% (CY24: 1.8%), indicating a notable increase during the year, while Public Sector Entities accounted for 4.6% (CY24: 2.2%). Government (Federal and Provincial) deposits remained minimal at 1.2% (CY24: 1.5%), thereby limiting concentration risk from public sector funding sources.On the wholesale funding side, borrowings declined by 17.6% to PKR 272.1bln (end-Dec'24: PKR 330.0bln), reflecting reduced reliance on market-based funding as the retail deposit base expanded. Excess liquidity was actively deployed via lending to financial institutions, which increased substantially to PKR 46bln (end-Dec'24: PKR 5.6bln), optimizing short-term returns on surplus funds. Overall, HabibMetro's liquidity profile remains well-anchored by a high-quality, granular deposit base, a strong CASA position, and a predominantly liquid investment portfolio of PKR 864.7bln in sovereign securities, positioning the Bank favorably to benefit from further liability repricing as term deposits mature and reprice at lower rates in CY26.

As of end-Dec’25, the Bank’s CAR stood at 17% (end-Dec’24: 19.3%), with a Tier I CAR of 14.5% (end-Dec’24: 16.4%), remaining comfortably above the minimum thresholds prescribed by the SBP. The moderation in CAR primarily reflects higher utilization of capital towards advances, driven by an increase in Risk-Weighted Assets (RWA) to PKR 759.9bln (end-Dec’24: PKR 608.3bln), which outpaced the growth in total eligible regulatory capital to PKR 129.2bln (end-Dec’24: PKR 117.3bln).  Notably, the Bank has achieved this robust capital position entirely through organic capital generation without issuing any subordinated debt, distinguishing it from peers and demonstrating the strength of internal capital generation capabilities. The Bank’s equity base strengthened to PKR 127.8bln (end-Dec’24: PKR 115bln), underscoring a commitment to maintain capital buffers well above regulatory requirements to support risk absorption.