National Bank of Pakistan

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National Bank of Pakistan
Type	Private KSE: NBP LSE:
Founded	Karachi
Headquarters	Principal Office, Karachi Pakistan
Key people	S Ali Raza (Chairman)
Industry	Banking Capital Markets
Products	Loans, Credit Cards, Savings, Consumer Banking etc.
Revenue	▲PKR 50.569 bn (USD 815.6 mln) - 2007[1]
Net income	▲PKR 19.034 bn (USD 307 mln) - 2007[2]
Website	www.nbp.com.pk

• The National Bank of Pakistan has its headquarters in Karachi, Pakistan. It has over 1,200 branches throughout Pakistan. The bank provides both commercial and public sector banking services. It has assets worth USD 12.293 billion in 2007 ^[3]. Its subsidiaries include NBP Capital, NBP Modaraba Management Company, NBP Exchange Company, Taurus Securities, NBP Almaty et al.

It also supports a first-class cricket side that competes for the ABN-AMRO Patron's Trophy in Pakistan. As of March, 2005, its Chairman and President is Syed Ali Raza.

Contents 1 Vision 2 Mission 2.1 Services 3 Branches 3.1 Pakistan 3.2 International 4 Board of Directors 5 History 6 Contact Us 7 External links 8 References 9 See also

[edit] Vision

To be recognised as a leader and a brand synonymous with trust, highest standards of service quality,international best practices and social responsibility.

[edit] Mission

NBP will aspire to the values that make NBP truly the Nation's Bank by:

• Institutionalising a merit and performance culture.

• Creating a distinctive brand identity by providing the highest standards of services.

• Adobting the best international nanagement practices.

• Mazimizing stakeholder’s value.

• Dischargeing our responsibility as a good corporate citizen of Pakistan and countries where we operate.

[edit] Services

The National Bank of Pakistan offers a wide range of services to its customers and recognizes the importance of efficient business delivery and providing timely solutions. Here are a list of services that NBP offers;

• Demand Drafts
• Swift System
• Letter of Credit
• Pay Order
• Mail Transfer
• Foreign Remittance
• Foreign Currency Account
• Short Term Investment
• NIDA* Equity Investment
• Commercial Finance
• Trade Finance
• International Finance
• Home Finance

[edit] Branches

[edit] Pakistan

Here is a list of the banks locations in Pakistan accordance to each province or territory;

• Sindh: Dadu, Sanghar, Hyderabad, Jacobabad, Shikarpur, Karachi, Larkana, Mirpurkhas, Badin, Nawabshah, Sukkur, Khairpur, Tharparkar.
• Punjab: Bahawalpur, D.G. Khan, RYKhan, Faisalabad, Gujranwala, Sialkot, Narowal, Jhang, Jhelum, Gujrat, Chakwal, Darya Khan , Bhakkar, Lahore, Multan, Murree, Attock, Gilgit, Rawalpindi, Sahiwal, Sargodha, Sheikhupura.
• NWFP: Abbottabad, Mansehra, Bannu, D.I. Khan, Kohat, Mingora, Mardan, Peshawar.
• Baluchistan: Quetta,
• Azad Kashmir: Muzaffarabad, Mirpur.

[edit] International

• 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

• S Ali Raza - Chairman & President
• Mian Kausar Hameed - Director
• Mr. Ibrar A. Mumtaz - Director
• Mr. Tariq Kirmani - Director
• Sikandar Hayat Jamali - Director
• Azam Faruque - Director
• Ekhlaq Ahmed - Secretary Board of Directors

[edit] History

• 1949 National Bank of Pakistan (NBP) was established under the National Bank of Pakistan Ordinance 1949 and was 100% govt.-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 seizsd 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 (est. 1947).
• 1977 NBP opened an offshore brain Cairo.
• 1994 NBP amalgamated Mehran Bank (est. 1991).
• 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%. Also that year, NBP closed its branch in New York.
• 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 UBL had recently been privatised 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] Contact Us

For General enquiries please contact:

National Bank of Pakistan Head Office NBP Building, I.I. Chundrigar Road Karachi, Pakistan.

enquiries@nationalbank.com.pk

Phone: +92 (21) 921 2100 (50 lines)

For specific enquiries, please refer to our specific operation section.

[edit] External links

• National Bank of Pakistan

[edit] References