National Bank of Pakistan
 |
|
| Government ownership | |
| Traded as | : NBP |
| Industry | |
| Founded | 1949 |
| Headquarters | Principal Office, Karachi Pakistan |
|
Key people
|
Muneer Kamal, Chairman Syed Iqbal Ashraf, President |
| Products | Loans, Credit Cards, Savings, Consumer Banking |
| Revenue |
 ₨53.72 billion (US$510 million) - 2015 |
|
₨19.22 billion (US$180 million) - 2015 |
|
| Owner | Government of Pakistan |
| Website | www |
The National Bank of Pakistan (NBP) is a major Pakistani commercial bank with headquarters in Karachi. Although state-owned it operates as commercial bank, while still continuing 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.
The bank provides both commercial and public sector banking services. It is a lead player in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services. As of 2012 it has 1,280 branches across Pakistan with assets of approximately USD 12.293 billion. It also operates a number of office overseas that include Beijing, Tashkent, Chicago, London and Toronto.
National Bank of Pakistan has developed a wide range of consumer products, to enhance business and cater to the different segments of society and meet its social responsibilities. Some schemes have been specifically designed for the low to middle income segments of the population. 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. It has also put in place a remittance service for overseas Pakistanis to send their money back to Pakistan.
The bank also runs the Annual Awards for Excellence in Literature that confer awards to the best books in Urdu and in all prominent regional languages. The Bank is also the largest sponsor of sports in Pakistan.
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.
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.
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Wikipedia