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JCR maintains entity of NBP Leasing KARACHI: JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the entity ratings of the NBP Leasing Limited (NBPL) at `A+/A-1' (single A plus /A-One).The previous rating action was announced on June 24,2014, said press release here on Thursday. NBPL is a wholly owned subsidiary of National Bank of Pakistan (NBP). The ratings of NBPL derive strength from its association with NBP, which is one of the largest commercial banks operating in the country.Access to capital in the leasing sector has generally remained limited in recent times; this has affected the growth of the industry.NBPL, while having support from its parent, has been able to modestly increase its portfolio in the outgoing year. The lease portfolio features both sectoral and client-wise concentration; exposure against top ten clients represented around half of the portfolio at end of fiscal year 2013-14.Quality of portfolio has depicted some improvement on account of recoveries, in addition ...

SBP injects Rs20.95bn into market KARACHI: State Bank of Pakistan (SBP) here on Thursday injected Rs 20.95 billion into financial market for four days through its open market operation (OMO).The rate of return accepted is 6.5 per cent per annum, SBP statement said.Copyright APP (Associated Press of Pakistan), 2015 ...
Demonetization of all old design banknotes KARACHI: Old design banknotes of Rs 10, Rs 50, Rs 100 and Rs 1000 will cease to be legal tender from December 1, 2016.However, SBP-BSC field offices will continue to accept the old design banknotes of above mentioned dominations from general public up to Dec. 31, 2021, said a statement from State Bank of Pakistan (SBP) here Wednesday.The Rs 5 banknote and the old design Rs 500 banknote have already been demonetized, it said.SBP has ...
Performance of the banking sector continued to improve: SBP KARACHI: The banking system posted profit before tax of Rs 80 billion over the quarter indicating year on year on growth of 58 percent, says State Bank of Pakistan (SBP).According to the quarterly performance review of the banking system for a period of three months ending on March 31, 2015 released by SBP here on Tuesday, the return on assets (ROA) increased to 2.6 percent in March 15 from 1.9 percent in March 2014.Solvency of ...
Workers' remittances rise 16pc to $16.6bn in 11 months KARACHI: Overseas Pakistani workers remitted dollars 16.633 billion in the first eleven months of fiscal year 2014-15.This shows a significant growth of 16% compared with $ 14.338 billion received during the same period in the preceding year, said SBP statement here on Wednesday.During May 2015, the inflow of workers' remittances amounted to $ 1663.1 million, which is 1.37% higher than April 2015 and 15.46% higher than May 2014.The country-wise details for the month of May ...
SBP injects Rs. 534.8bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs 534.8 billion into market for seven days through its open market operation.The rate of return accepted is 6.5 per cent per annum, said SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...
SBP mops up Rs 46.3bn for one day KARACHI: State Bank of Pakistan (SBP) on Thursday mopped up Rs 46.3 billion for one day through its open market operation (OMO).The rate of return accepted is 6.18 per cent per annum, said SBP statement. Copyright APP (Associated Press of Pakistan), 2015 ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln