IGI Investment Bank Limited – Page 2

February 17, 2012February 20, 2012

IGI Investment Bank Limited’s financial results for the half year ended December 31, 2011

Karachi: We have to inform you that the Board or Directors of’ our Company in their meeting held at 11:15 a.m. on Thursday, February 16, 2012 at our Karachi office has approved the Condensed Interim Financial Statements for the half year ended December 31, 2011, the profit and loss account of which is reproduced as Follows:

Profit and Loss Account for the Half Year Ended December 31, 2011 (Un-Audited)

	Half year ended		Quarter ended
	December 31,	December 31,	December 31,	December 31,
	2011	2010	2011	2010
	(Rupees in ‘000)
Income
Income from investments	280,162	322,907	91,429	153,015
Income from loans and advances	12,360	31,791	5,576	12,822
Income from lease finance	9,746	44,728	3,516	21,347
Income from lendings	45,451	44,801	27,268	24,643
Income from fees, commission and
Brokerage	16,116	3,510	7,318	9,108
	——-	——-	——-	——-
	363,835	457,737	135,107	220,935
Finance casts	339,232	362,796	134,831 178,246
	——-	——-	——-	——-
	24,603	94,941	276	42,689
Administrative and general
expenses	69,929	91,716	35,504	46,250
	——-	——-	——-	——-
	(45,326)	3,225	(35,228)	(3,561)
Other operating income	3,270	7,632	455	1,134
	——-	——-	——-	——-
	(42,056)	10,857	(34,773)	(427)
Other operating expenses	1,944	1,863	1,256	1,068
	——-	——-	——-	——-
Operating (loss) / profit before	(44,000)	8,994	(36,029)	(1,495)
Provisions
Provision for bad and doubtful loans and
advances / lease losses – specific-not	(22,998)	–	(6,293)	–
Impairment against
Term Finance Certificates – net	(25,468)	–	(25,468)	–
Reversal of impairment against
fund placements	–	21,550	–	21,550
	——-	——-	——-	——-
	(48,466)	21,550	(31,761)	21,550
	——-	——-	——-	——-
(Loss) / profit before taxation	(92,466)	30,544	(67,790)	20,055
Taxation – net	9,523	(7,357)	14,085	(5,796)
	——-	——-	——-	——-
(Loss) / profit after taxation	(82,943)	23,187	(53,705)	14,259
Other comprehensive income	–	–	–	–
	——-	——-	——-	——-
Total comprehensive (loss)/ income	(82,94	23,187	(53,705)	14,259
	——-	——-	——-	——-
	(Rupee)
(Less) / earnings per share	(0.39)	(0.11)	(0.25)	(0.07)

Please note that the above profit and loss account, along with the related financial statements have been duly reviewed by our auditors.

Cash Dividend          Nil
Bonus Issue            Nil
Right Shares           Nil

For more information, Contact:
IGI Investment Bank Limited
7th Floor, The Fortune, Suite No. 701-713,
G,-20, Block-9, Khayaban-e-Jami, Clifton,
Karachi- 75600, Pakistan.
Tel: 111 234 234
Fax: 111 567 567

January 2, 2012January 3, 2012

IGI Investment Bank Limited’s resigning of director / chief executive

Karachi: In terms of Listing Regulation No.35 (xxiii), we hereby inform you that the Director/Chief Executive of IGI Investment Bank Limited (IGIBL), Syed Javed Hassan, has by his letter dated December 27, 2011 resigned with immediate effect due to personal reasons.

The Board of Directors of the Company has, by a Resolution by circulation under Article 94 of the Articles of Associates of the Company, appointed Mr. Tariq Hasan Quraishi as Director/Chief Executive of the Company with immediate effect, subject to regulatory approvals.

For more information, contact:
IGI Investment Bank Limited
7th Floor, The Fortune, Suite No. 701-713,
G,-20, Block-9, Khayaban-e-Jami, Clifton,
Karachi- 75600, Pakistan.
Tel: 111 234 234
Fax: 111 567 567

December 29, 2011December 30, 2011

IGI Investment Bank Limited’s resigning of directors and chief executive

Karachi: In terms of Listing Regulation No. 35 (xxiii), we hereby inform you that the Director / Chief Executive of IGI Investment Bank Limited (IGIBL), Syed Javed Hassan, has by his letter dated December 27, 2011 resigned with immediate effect due to personal reasons.

The Board of Directors of the Company has, by a Resolution by circulation under Article 94 of the Articles of Association of the Company, appointed Mr. Tariq Hasan Quraishi as Director / Chief Executive of the Company with immediate effect, subject to regulatory approvals.

October 27, 2011October 28, 2011

IGI Investment Bank Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 3:30 p.m. on Wednesday, October 26, 2011, at our Karachi Office has approved the Condensed Interim Financial Statements for the quarter ended September 30, 2011, the profit and loss account of which is reproduced as follows:

Profit and Loss Account for the Quarter Ended September 30, 2011

	Quarter ended
	Sep 30,	Sep 30,
	2011	2010
	Rupees in ‘000
Income
Income from investments	188,733	169,892
Income from loans and advances	6,784	18,969
Income from lease finance	6,230	23,381
Income from lendings – secured	18,183	20,158
Income from fees, commission and brokerage	8,798	4,402
	——-	——-
	228,728	236,802
Finance costs	204,401	184,550
	——-	——-
	24,327	52,252
Administrative and general expenses	34,425	44,749
	——-	——-
	(10,098)	7,503
Other operating income	2,815	4,498
	——-	——-
	(7,283)	12,001
Other operating expenses	688	1,512
	——-	——-
Operating profit / (loss) before provisions	(7,971)	10,489
Provision for bad and doubtful loans and advances / lease losses – general – net	–	–
Provision for bad and doubtful loans and advances / lease losses – specific – net	(16,705)	–
	——-	——-
	(16,705)	–
	——-	——-
Profit before taxation	(24,676)	10,489
Taxation- net	(4,562)	(1,561)
	——-	——-
Profit after taxation	(29,238)	8,928
	——-	——-
Other comprehensive income – net of tax	–	–
	——-	——-
Total comprehensive income / (loss) – net of tax	(29,238)	8,928
	——-	——-
Earnings / (loss) per share – Basic	(0.14)	0.04

Cash Dividend

Nil

Bonus Issue

Nil

For more information, contact:
Abdul Qadir
Company Secretary
IGI Investment Bank Limited
7th Floor, The Fortune, Suite No. 701-713,
G,-20, Block-9, Khayaban-e-Jami, Clifton,
Karachi-75600, Pakistan.
Tel: 111 234 234
Fax: 111 567 567

October 25, 2011

IGI Investment Bank Limited’s board meeting and closed period for dealing in shares by directors, chief executive, and executives

Karachi: This is in continuation of our letter No. SIC/061(a)/2011 dated October 11, 2011 regarding subject matter. Please note that a meeting of the Board of Directors of IGI Investment Bank Limited (IGIBL) scheduled at 11:30 a.m. on Wednesday, October 26, 2011, at our Karachi Office to discuss and approve the un-audited financial statements for the quarter ended September 30, 2011, will now be held at 3:30 pm on the same day and date.

September 29, 2011

IGI Investment Bank Limited’s notice of 21st annual general meeting

Karachi: Enclosed please find a copy of the Notice of the 21st Annual General Meeting to be held on October 21, 2011, which would be published in the Newspapers tomorrow.

Notice is hereby given that the Twenty First Annual General Meeting of IGI Investment Bank Limited will be held on Friday, October 21, 2011 at 10:30 am. at the Registered Office of the Company located at Ground Floor, 5 – F.C.C., Syed Maratib Ali Road, Gulberg, Lahore, to transact the following business:

Ordinary business:

1. To confirm the minutes of Annual General Meeting of the Company held on October 27, 2010.

2. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended June 30, 2011 together with the Directors and Auditors report thereon.

3. TO appoint Auditors and to fix their remuneration. M/s. Ernst and Young Ford Rhodes Sidat Ryder and Co, Chartered Accountants, retire and being eligible, have offered themselves for re-appointment,

Any other business:

4. To transact any other business with the permission of the Chair.

Notes:

4. The Share Transfer Books of the Company will be closed from October 14, 2011 to October 21, 2011 (both days inclusive).

2. A member entitled to attend and vote at the meeting is entitled to appoint another person as a proxy in writing to attend and vote instead of him. A proxy need not be a member of the Company.

3. Duly completed form of proxy must be deposited with the Company’s Share Registrar M/s, Noble Computer Services (Private) Limited, 1st Floor, House of Habib Building (Siddiqsons Tower), 3- Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal, Karachi-75350, not later than forty-eight (48) hours before the time appointed for the meeting.

4. Change of address, if any, should be notified immediately to the aforesaid Company’s Share Registrar.

5. Any Individual Beneficial Owner of Central Depository Company of Pakistan Limited, entitled to vote at this meeting must bring his/her Computerized National Identity Card CNIC. With him/her to provide his/her identity and in case of proxy must enclose an attested copy of his/her CNIC. The representatives of corporate bodies should bring attested copy of Board of Directors Resolution / Power of Attorney and/or all such documents as required under Circular No. 1 dated January 26, 2000 issued by the Securities and Exchange Commission at Pakistan for this purpose.

For more information, contact:
IGI Investment Bank Limited
7th Floor, The Forum,
Suite No. 701 713, G-20, Block-9,
Khayaban-e-Jami,
Clifton, Karachi-75600, Pakistan.
Tel: 111-234-234
Fax: 111-567-567

August 29, 2011August 30, 2011

IGI Investment Bank Limited’s financial results for the year ended June 30, 2010

Karachi: We have to inform you that the Board of Directors of IGI Investment Bank Limited (IGIBL) in their meeting held at 11:00 a.m. on Friday, August 26, 2011, has approved the audited financial statements for the year ended June 30, 2011 the profit and loss account of which is reproduced as follows:

Profit and Loss Account for the Year Ended June 30, 2011

	2011	2010
	(Rupees in thousand)
Income
Income from investments	679,386	587,868
Income from loans and advances	36,730	66,558
Income from lease finance	76,955	148,789
Income from endings – secured	99,662	18,851
Income from fees, commission and brokerage	26,448	22,135
	——–	——–
	919,181	844,201
Finance costs	792,627	667,449
	——–	——–
	126,554	176,752
Administrative and General expenses	186,295	187,760
	——–	——–
	(59,741)	(11,008)
Other operating Income	14,384	27,681
	——–	——–
	(45,357)	16,673
Other operating expenses	6,827	6,478
	——–	——–
Operating (loss) / profit before provisions	(52,184)	10,195
Reversal / (Provision) for bad and doubtful loans and	–	36,469
advances / lease losses – general – net
Provision for bad and doubtful loans and advances	(10,485)	(300,663)
/ lease losses-specific-net
	——–	——–
	(10,485)	(264,194)
	——–	——–
Impairment against Investments:
Fund placements and term finance certificates – net	(16,405)	(1,731)
Equity securities:
Equity securities held as at year end	(4,933)	–
Unquoted equity securities and preference shares	(4,681)	(130,687)
	——–	——–
	(26,019)	(130,687)
	——–	——–
	(26,019)	(132,418)
Loss before taxation	(88,688)	(386,417)
Taxation – net	(80,307)	187,047
	——–	——–
Loss after taxation	(168,995)	(199,370)
Other comprehensive Income – net of tax	–	–
	——–	——–
Total comprehensive loss – net of tax	(168,995)	(199,370)
	——–	——–
	—-(Rupee)—-
Loss per share – Basic	(0.80)	(0.94)

Cash Dividend Nil

Bonus Issue Nil

Right Shares Nil

For more information, contact:
IGI Investment Bank Limited
7th Floor, The Forum,
Suite No 701 -713,
G-20, Block -9,
Khayaban-e-Jami, Clifton,
Karachi-75600, Pakistan
Tel: 111-234-234
Fax: 111-567-567