National Bank of Pakistan (NBP)

History: NBP was established under the National Bank of Pakistan Ordinance 1949 in Pakistan. Special Role: NBP occupies a unique position in the financial sector of Pakistan. It acts as an agent of the Central Bank wherever the State Bank does not have its own Branch. It also undertakes Government Treasury operations. Ownership: NBP is 100% owned by the Government of Pakistan (GoP). Branch Network: NBP has an extensive domestic branch network of over 1500 branches located all over Pakistan. The Bank also has a presence in 24 international locations including the USA, United Kingdom, Europe and the Far East. Deposits: NBP holds 24.6% share of time and demand deposits in the country. Local currency deposits comprise 67% of bank's total deposits while foreign currency deposits account for the rest. Financial Highlights: Assets: NBP's total assets stood at PKR350 billion on December 1999. This included total earning assets of about PKR268 billion with gross loan portfolio of PKR140 billion. The bank also has an investment portfolio of PKR91 billion, which comprises treasury securities, corporate bonds, shares and other securities. Equity: As of December 1999 NBP had a paid-up capital of PKR1.46 billion divided into 146 million shares of 10 rupees each. Total shareholders' equity was PKR10 billion, however, revaluation reserve has increased shareholders' funds to PKR16 billion. NBP has, however, increased its paid up capital from PKR Rs. 1.46 billion to Rs. 3.73 billion through issuance of bonus shares (subject to corporate and shareholder approvals).

Amounts in Million Year to December Total Deposits Total Assets Total Equity Total Loans Total Investments Net Profit 1996 235,932 274,117 9,035 85,854 108,207 (795) 1997 254,863 310,599 12,232 105,597 106,449 62 1998 273,391 325,320 15,411 109,524 102,969 529 1999 294,754 349,932 15,962 122,294 91,277 (178)

Transaction: Initial public offering and listing of 5% GOP owned shares of NBP on the domestic stock exchange(s) to the

general public.

http://www.privatisation.gov.pk/Finance/Nbp.htm

10.20 pm 31 july

National Bank Of Pakistan

NBP-NATIONAL BANK OF PAKISTAN

National Bank Of Pakistan. National Bank Of Pakistan(NBP) is exist to facilitates the society the services of high quality and the best practices which you can achieve at afford able prices against services and brands. National Bank Of Pakistan(NBP)gives you the high quality and this bank does not compromise at low quality at any cost. NBP(National Bank of Pakistan) maintains its position as Pakistans premier Bank determined to set higher standards of achievements. It is the major business partner for the Government of Pakistan with special emphasis on fostering Pakistans economic growth through aggressive and balanced lending policies, technologically oriented products and services offered through its large network of 1431 branches locally, 24 branchesinternationally and representative offices. It was established in 1949.

NBP INTERNATIONAL BANKING

National Bank of Pakistan is at the forefront of international banking in Pakistan which is proven by the fact that National Bank Of Pakistan(NBP) has its branches in all of the major financial capitals of the world. Additionally, we have recently set up the Financial Institution Wing, which is placed under the Risk Management Group. The role of the Financial Institution Wing is : To effectively manage NBPs exposure to foreign and domestic correspondence  Manage the monetary aspect of NBPs relationship with the correspondents to support trade, treasury and other key business areas, thereby contributing to the banks profitability  Generation of incremental trade-finance business and revenues

NBP Serices:
The lowest rates on exports and other international banking products Access to different local commercial banks in international banking DEMAND DRAFTS If you are looking for a safe, speedy and reliable way to transfer money, you can now purchase NBPs Demand Drafts at very reasonable rates. Any person whether an account holder of the bank or not, can purchase a Demand Draft from a bank branch

MAIL TRANSFERS Move your money safely and quickly using NBP Mail Transfer service. And we also offer the most competitive rates in the market. PAY ORDER NBP provides another reason to transfer your money using our facilities. Our pay orders are a secure and easy way to move your money from one place to another. And, as usual, our charges for this service are extremely competitive. TRAVELERS CHEQUES Negotiability: Pak Rupees Travelers Cheques are a negotiable instrument Validity: There is no restriction on the period of validity Availability: At 700 branches of NBP all over the country Encashment: At all 400 branches of NBP Limitation: No limit on purchase Safety: NBP Travelers Cheques are the safest way to carry our money LETTER OF CREDIT NBP is committed to offering its business customers the widest range of options in the area of money transfer. If you are a commercial enterprise then our Letter of Credit service is just what you are looking for. With competitive rates, security, and ease of transaction, NBP Letters of Credit are the best way to do your business transactions. COMMERCIAL FINANCE Let us help make your dreams become a reality Our dedicated team of professionals truly understands the needs of professionals, agriculturists, large and small business and other segments of the economy. They are the customers best resource in making NBPs products and services work for them.

NBP Retail Services

Unprecedented Safety Unprecedented Return

Unprecedented Safety Unprecedented Return

Presidents Rozgar Scheme Easy financing for self employment

Affordable, Flexible & Convenient home financing for all Saibaan Home Page

Take upto 20 Advance Salaries Affordable Installations from 1 60 months

One Card does it all ATM plus Debit Card in one

Invest with Confidence Marginal Finance Facility

Meet your need for ready cash against your idle gold jewelry with no minimum limits

NBP KISAN Taqat

NBPs affordable agricultural program offers you a wide range of financing

NBPs Internet Based Home Remittence Service

Personal Accident Insurance

National Bank Of Pakistan Career

Human Resource Management Department National Bank of Pakistan Head Office NBP Building, I.I. Chundrigar Road Karachi, Pakistan. careers@nbp.com.pk Tel: +92 (21) 9921 2215 Fax: +92 (21) 9921 2263 NBP maintains its position as Pakistans Premier Bank with a network of over 1200 branches locally, 18 overseas branches, 1 Subsidiary at Almaty (Kazakhstan) and 11 Representative Offices all over the world NBP also have a Joint Venture with UBL at U.K., with the name of Pakistan International Bank (UK) Ltd., with seven branches at Main Branch, London, Manchester Branch, Glasgow Branch, Bradford Branch, Sheffield Branch, Birmingham Branch and Knightsbridge Branch (London). The Bank has employed more than 15,000 people world wide. The various departments include: Consumer Banking Corporate Finance Investment Banking Agricultural Banking Transactional Banking Operations Software Development and Automation Financial Control Treasury Internal Audit Risk Management & Credit Economic & Business research Training & Development Strategic Planning Human Resources NBP offers unlimited opportunities to its employees for continuous personal and professional growth: 1) Change Management Program: NBP has started an ambitious Change Management Program to further train its employees to meet the challenges of present day requirements. 2) Training of new staff: Training and development are the core issues of HR, which will ultimately improve our customer service and help us attain the standard of a progressive bank. 3) Benefits: Besides a competitive financial package, we offer excellent working conditions, job satisfaction, superior leadership, and a conducive environment for growth.

Contact NBP
Address National Bank of Pakistan Head Office NBP Building, I.I. Chundrigar Road Karachi, Pakistan. Submit your Inquires and Feedback Telephone Number Phone: +92 (21) 9921 2100 (50 lines

http://ilm.com.pk/directories/banks/national-bank-of-pakistan/

04.34 pm 31 july

National Bank of Pakistan

From Wikipedia, the free encyclopedia

This article is written like an advertisement. Please help rewrite this article from a neutral point of view. For blatant advertising that would require a fundamental rewrite to become encyclopedic, use {{db-spam}} to mark for speedy deletion. (October 2008)

National Bank of Pakistan

Type

Government KSE: NBP LSE:

Founded

1949

Headquarters

Principal Office, KarachiPakistan

Key people

____________
industry = Banking Capital Markets

Products

Loans, Credit Cards, Savings, Consumer Banking etc.

Revenue

PKR 50.569 billion (US$815.6 million) (2007)[1]

Net income

PKR 19.034 billion (US$ 307 million) (2007)[1]

Owner(s)

Government of Pakistan

Website

www.nbp.com.pk

National Bank of Pakistan is one of the largest commercial bank operating in Pakistan. It has redefined its role and has moved from a public sector organisation into a modern commercial bank. While it continues to act as trustee of public funds and as the agent to the State Bank of Pakistan (in places where SBP does not have a

presence) it has diversified its business portfolio and is today a major lead player in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and is showing growing interest in promoting and developing the country's small and medium enterprises and at the same time fulfilling its social responsibilities, NBP headquarters in Karachi, Pakistan with over 1,200 branches country wide. The bank provides both commercial and public sector banking services. It has assets worth USD 12.293 billion in 2007.[1] Its subsidiaries include NBP Capital, NBP Modaraba Management Company, NBP Exchange Company, Taurus Securities, NBP Almaty and others. National Bank of Pakistan is the largest commercial bank operating in Pakistan . Its balance sheet size surpasses that of any of the other banks functioning locally. It has redefined its role and has moved from a public sector organisation into a modern commercial bank. The Bank's services are available to individuals, corporate entities and government. While it continues to act as trustee of public funds and as the agent to the State Bank of Pakistan (in places where SBP does not have a presence) it has diversified its business portfolio and is today a major lead player in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and is showing growing interest in promoting and developing the country's small and medium enterprises and at the same time fulfilling its social responsibilities, as a corporate citizen. In today's competitive business environment, NBP needed to redefine its role and shed the public sector bank image, for a modern commercial bank. It has offloaded 23.2 percent share in the stock market, and while it has not been completely privatized like the other three public sector banks, partial privatization has taken place. It is now listed on the Karachi Stock Exchange. National Bank of Pakistan is today a progressive, efficient, and customer focused institution. It has developed a wide range of consumer products, to enhance business and cater to the different segments of society. Some schemes have been specifically designed for the low to middle income segments of the population. These include NBP Karobar, NBP Advance Salary, NBP Saiban, NBP Kisan Dost, NBP Cash n Gold It has implemented special credit schemes like small finance for agriculture, business and industries, administrator to Qarz-e-Hasna loans to students, self employment scheme for unemployed persons, public transport scheme. The Bank has expanded its range of products and services to include Shariah Compliant Islamic Banking products. For the promotion of literature, NBP recently initiated the Annual Awards for Excellence in Literature . NBP will confer annual awards to the best books in Urdu and in all prominent regional languages published during the defined period. Patronage from NBP would help creative work in the field of literature. The Bank is also the largest sponsor of sports in Pakistan . It has provided generously to philanthropic causes whenever the need arose. It has taken various measures to facilitate overseas Pakistanis to send their remittances in a convenient and efficient manner. In 2002 the Bank signed an agreement with Western Union for expanding the base for

documented remittances. More recently it has started Electronic Home Remittances Project. This project introduces technology based system to handle inward remittances efficiently, by ensuring that the Bank's branches keep a track of the remittance received from abroad till its final receipt. A number of initiatives have been taken, in terms of institutional restructuring, changes in the field structure, in policies and procedures, in internal control systems with special emphasis on corporate governance, adoption of Capital Adequacy Standards under Basel II framework, in the upgradation of the IT infrastructure and developing the human resources. National Bank of Pakistan has built an extensive branch network with 1250 branches in Pakistan and operates in major business centre abroad. The Bank has representative offices in Beijing , Tashkent , Chicago and Toronto . It has agency arrangements with more than 3000 correspondent banks worldwide. Its subsidiaries are Taurus Securities Ltd, NBP Exchange Company Ltd, NBP Capital Ltd, NBP Modaraba Management Company Ltd, and CJSC Bank, Almaty , Kazakhstan . The Bank's joint ventures are, United National Bank (UK), First Investment Bank and NAFA, an Asset Management Company (a joint venture with NIB Bank & Fullerton Fund Management of Singapore). The Bank's financial performance has been remarkable. In 2006, total assets are estimated at Rs635 billion, while deposits have grown to nearly Rs502 billion. Pre-tax profit rose to Rs26 billion. Earnings per share have jumped to Rs24.01 in 2006. The increase in profit was achieved through strong growth in core banking income. Interest income increased by Rs10 billion through growth in the loan portfolio as well as increase in spreads. Advances increased by Rs48 billion to Rs316 billion. The Bank maintains a sound loan portfolio diversified in nature to counter the risk of credit concentration. It ranges from providing credit to the un-banked market segment under NBP Karobar, to small and medium enterprises, to agricultural loans, to large corporate customers. National Bank has earned recognition and numerous awards internationally. It has been the recipient of The Bank of the Year 2001, 2002, 2004 and 2005 Award by The Banker Magazine, the Best Foreign Exchange Bank Pakistan for 2004, 2005, 2006 and 2007, Global Finance, Best Emerging Market Bank from Pakistan for the year 2005, Global Finance, Kissan Time Awards 2005 for NBP's services in the agriculture field. It is listed amongst the Region's largest banks and also amongst the largest banks in South Asia 2005, The Asian Banker. It has also been presented a Recognition Award 2004 for having a Gender Sensitive Management by WEBCOP AASHA besides other awards

Contents
[hide]

1 International offices 2 Timeline 3 Islamic banking 4 See also 5 References 6 External links

[edit]International

offices

National Bank of Pakistan branch inWashington, D.C.

NBP also has branches /offices in the USA, Canada, Germany, France, Bahrain, Egypt,Bangladesh, Hong Kong, Japan, South Korea, The People's Republic of China, Afghanistan,Turkmenistan, Kyrgyz Republic, Kazakhstan, Uzbekistan, Azerbaijan and Saudi Arabia.

[edit]Timeline

1949 National Bank of Pakistan (NBP) was established under the National Bank of Pakistan Ordinance of 1949 and was government-owned. NBP acted as an agent of the central bankwherever the State Bank did not have its own branch. It also undertook government treasury operations. Its first branches were in jute growing areas in East Pakistan. Offices in Karachiand Lahore followed.

    

1950 NBP established a branch in Jeddah, Saudi Arabia. 1955 By this time NBP had branches in London and Calcutta. 1957 NBP established a branch in Baghdad, Iraq. 1962 NBP established a branch in Dar-es-Salaam, Tanganyika. 1964 The Iraqi government nationalized NBP's Baghdad branch.

1965 The Indian government seized the Calcutta branch on the outbreak of hostilities between India and Pakistan.

 

1967 The Tanzanian government nationalized the Dar-Es-Salaam branch. 1971 NBP acquired Bank of China's two branches, one in Karachi and one at Chittagong. At separation of East Pakistan NBP lost its branches there. NBP merged with Eastern Mercantile Bank and with Eastern Bank Corporation.

1974 The government of Pakistan nationalized NBP. As part of the concomitant consolidation of the banking sector, NBP acquired Bank of Bahawalpur.

    

1977 NBP opened an offshore brain Cairo. 1994 NBP amalgamated Mehran Bank. 1997 NBP's branch in Ashgabat, Turkmenistan commenced operations. 2000 NBP opened a representative office in Almaty, Kazakhstan. 2001 State Bank of Pakistan and Bank of England agree to allow only 2 Pakistani banks to operate in the UK. NBP and United Bankagreed to merge their operations to form Pakistan International Bank, of which NBP would own 45% and United Bank 55%.

2002 Pakistan International Bank renamed itself United National Bank Limited (UNB). The ownership structure of the UNB remained as before. The only change to the shareholding structure is that UNB had recently been privatized in Pakistan and was now owned 49% by the Government of Pakistan and 51% by a joint foreign consortium of Abu Dhabi.

  

2003 NBP received permission to open a branch in Afghanistan. 2005 NBP closed its offshore branch in Cairo. 2010 NBP opened its branch in Karaganda (Kazakhstan).

[edit]Islamic

banking

  

NBP's First Islamic banking branch started operations in Karachi on December 15, 2006. Two more branches started operations by the end of 2007 in Peshawar and Lahore. At present, eight Islamic banking branches are functional all over Pakistan having Group office at Karachi, Pakistan.

  

Mr. Shafiq Khan is newly appointed Group Chief of the Islamic Banking Group. Mufti Abdul Sattar Laghari is a Shariah Advisor. Asim Sattar (ACA) is the Head of Finance