25789519 National Bank of Pakistan

8/8/2019 25789519 National Bank of Pakistan

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HISTORICAL BACKGROUND OFBANKING IN PAKISTAN

According to various books there were 3106 branches of Indian scheduledbanks in the undivided sub continent as on 1 March 1947 out of which only487 branches were located in areas presently constituting Pakistan.

At the time of partition there were only two banks having the honor to bethe first commercial banks of Pakistan , namely Habib Bank Ltd , whichwas set up in 1941 with its Head Office in India and the Australasia bankLtd, which was established in 1944 with its Head office in Pakistan.

Thus the history of Banking system in Pakistan started with theestablishment of the state Bank of Pakistan which was inaugurated byQuaid-e-Azam Mohammad Ali Jinnah on 1 July 1948.

Consequently three Banks were established which include Muslimcommercial Bank Ltd. Bank of Bahawalpur in October 1948 and National

Bank of Pakistan in 1949.


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HISTORY 0F NATIONAL BANK OFPAKISTAN National Bank of Pakistan (the Bank) was established on

November 9, 1949 under the National bank of PakistanOrdinance, in order to cope with the crisis conditions which

were developed after trade deadlock with India anddevaluation of India Rupee in 1949.Initially the Bank wasestablished with the objective to extend credit to agriculturesector.

The Bank commenced its operations from November 20,1949 atsix important jute centers . The Banks Karachi and Lahoreoffices were subsequently opened in December 1949.The Bankacts as the agent to the State Bank of Pakistan for handlingProvincial/Federal Government Receipts and Payments ontheir behalf.


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National Bank of Pakistan maintains its position asPakistan's premier bank determined to set higher standards ofachievements.

It is the major business partner for the Government ofPakistan with special emphasis on fostering Pakistan'seconomic growth through aggressive and balanced lendingpolicies, technologically oriented products and services offeredthrough its large network of branches locally, internationallyand representative offices.


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BOARD OF DIRECTORS

S. Ali Raza

Chairman &

President

Mr. Sikandar Hayat

JamaliDirector

Mian Kausar Hameed

Director

Mr. Ibrar A.

MumtazDirector

Mr. Tariq Kirmani

DirectorMr. Muhammad Arshad

Chaudhry

Director

Mr. Mohammad

Ayub

Director

Mr. Ekhlaq Ahmed

Secretary Board

of Directors


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THE GROUP AND ITS OPERATIONS

HOLDING COMPANY:

NATIONAL BANK OF PAKSITAN

SUBSIDIARY COMPANY: NBP capital market (wholly owned)

CJSC subsidiary bank of NBP in Kazakhstan. (wholly owned)

NBP exchange company limited. (wholly owned)

NBP Modaraba management company limited. (wholly owned)

Taurus Securities limited. (controlling interest 58.32%) National Agriculture and storage company limited. (wholly owned)

Cash-N-Link products limited.( controlling interest 76.51%)


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The group is engaged in commercial banking, Modaraba

management , Brokerage ,leasing and discounting services.

Holding company is listed at all the stock exchanges inPakistan.

Head office is situated at I.I.Chundrigar Road, Karachi.

Under a Trust Deed , the holding company also providesservices as trustee to NIT including safe custody of securitieson behalf of NIT.

NBP also have a Joint Venture with UBL at U.K., with the nameof Pakistan International Bank (UK) Ltd., with seven branchesat Main Branch, London, Manchester Branch, Glasgow Branch,Bradford Branch, Sheffield Branch, Birmingham Branch andKnightsbridge Branch (London)


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NBP operates 1243(2007:1232)branches inPakistan and 22(2007:18) overseas

branches.


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Objectives of NBP

Objectives are essential for organizational success because thisstart direction, aid in evaluation, create synergy, revealpriorities, focus coordination and provide basis for effectiveplanning, motivating and controlling, activities.

According to official record the bank has the followingobjectives:

1. To modernize the commercial banking operation.2. To improve the service for its customers.

3. To expand the international financial operation.4. To spread the joint venture involving foreign investment,

overseas Pakistanis, and local businessmen.5. To increase the cooperation with the Middle Eastern banks

and exchange companies.


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SERVING THE COMMUNITY

Local communities expect them to consistentlydischarge their social responsibility asemployee-cum-owners and as a corporate

organization. They achieve this by serving thepublic interest the interest of consumers andlocal business, nationwide. They encourage theirbusiness partners to participate in community

work.


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FINANCIAL HIGHLIGHTS


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NBP PRODUCTS


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INTERNATIONAL BANKING

DEMAND DRAFTS

MAIL TRANSFERS

PAY ORDER

TRAVELER'S CHECKS

LETTER OF CREDIT

SHORT TERM

FOREIGN REMITTANCES

EQUITYINVESTMENTS

NBP SERVICES


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TRADE FINANCE OTHER BUSINESSLOANS

AGRICULTURAL FINANCE

1. Agricultural Finance Services

2. Agricultural Credit (Medium Term)

3. Farm Credit

4. Production Loans

NBP SERVICES


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CORPORATE FINANCE

1. Working Capital and Short Term Loans

2. Medium term loans and Capital Expenditure

Financing

NBP SERVICES


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ISLAMIC BANKING

NBP is proud to expand its range of

products and services to include

Shariah Compliant Islamic Banking products,now available at our dedicated Islamic BankingBranches at Karachi, Lahore and Peshawar.and have been certified by NBPs Shariah

Advisor.


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ISLAMIC BANKING MISSION

To become a leading player in the

growing field of Islamic Finance in

Pakistan and abroad,providing depositors

and shareholders in a truly SHARIAH COMPLIANT way,the best combination of returns and future growth

ISLAMIC BANKING VISION

To set standards of best practices and performance

through efficient asset allocation, and offer / develop

products based on the true spirit of Islamic finance.

ISLAMIC BANKING


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Products and services being offered by our

Islamic Banking Branch are fully Shariah

Compliant and have been certified by

NBPs Shariah Advisor.

ISLAMIC BANKING


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National Bank serves as an agent of the

State Bank of PakistanProvides loan to the Govt.

provides training to the banking staff

Provides banking services through its 1243branches throughout the country

National banks contribution to theeconomy


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Collects utility bills from public thatprovides convenience to people

Collects tax for the Government fromaccount holders

Facilitates newly established companies inraising funds through shares issue

Provides interest-free study loan totalented students


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Collects and distributes Zakat

Serves as Banker to the GovtProvides Hajj services

Invests in different sectors of the economy

Also provides services as trustee toNational Investment Trust (NIT)


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Documents

25789519 National Bank of Pakistan