External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

National Bank of Pakistan / Equity Bottom-Up

<ul><li>We had a management meeting with the senior management of National Bank CEO, Mr. Rehmat Ali Hasnie and CFO, Mr. Abdul Wahid Sethi on the recent financial results and outlook.</li><li>Regarding the Shariah conversion of all banks, the banks stated that they are well on their way to starting the transformation and have already submitted their plans.</li><li>Management does not expect any slowdown in profit growth and expects current trend to continue considering the current interest rate environment.</li></ul>

We had a management meeting with the senior management of National Bank CEO, Mr. Rehmat Ali Hasnie and CFO, Mr. Abdul Wahid Sethi on the recent financial results and outlook.Regarding the Shariah conversion of all banks, the banks stated that they are well on their way to starting the transformation and have already submitted their plans.Management does not expect any slowdown in profit growth and expects current trend to continue considering the current interest rate environment.

NBP: Management Meeting Takeaways; Strong Capital Position with a Focus on Low Cost Deposit