From Wikipedia, the free encyclopedia
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, 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 et al.'
[edit] International Offices
- NBP also has branches /offices in USA, Canada, Germany, France, Bahrain, Egypt, Bangladesh, Hong Kong, Japan, South Korea, The Peoples Republic of China, Afghanistan, Turkmenistan, Kyrgyz Republic, Kazakhstan, Uzbekistan and Azerbaijan.
[edit] Board of directors
- Mr.S Ali Raza - Chairman & President
- Mr.Muhammad Raheel Sarshar - Director
- Mr.Mian Kausar Hameed - Director
- Mr. Ibrar A. Mumtaz - Director
- Mr. Tariq Kirmani - Director
- Mr.Sikandar Hayat Jamali - Director
- Mr.Azam Faruque - Director
- Mr.Muhammad Ayub Khan Tarin
- Mrs.Haniya Shahid Naseem
- Mr.Ekhlaq Ahmed - Secretary Board of Directors
[edit] Timeline
- 1949 National Bank of Pakistan (NBP) was established under the National Bank of Pakistan Ordinance 1949 and was government-owned. NBP acted as an agent of the central bank wherever 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 Karachi and 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 Bank agreed 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.
[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 – Peshawar and Lahore.
- At present 8 Islamic Banking branches are functional all over Pakistan having Group office at Karachi, Pakistan.
- Mr. Shafiq Khan is newly appointed Group Chief of Islamic Banking Group.
- Mufti Abdul Sattar Laghari is a Shariah Advisor.
[edit] References
[edit] External links
[edit] See also
