ISLAMABAD: The National Bank of Pakistan (NBP) has become the first ever bank of the country to cross the `One Trillion Rupee' bench mark with more than 16500 employees and 1277 branch network across Pakistan and 23 overseas branches and representative offices in four countries.
"The bank is engaged in providing commercial banking and related services in Pakistan and overseas. The bank also handles treasury transactions for the Government of Pakistan (GOP) as an agent to the State Bank of Pakistan (SBP)", Syed Ibne Hassan Spokesman and Vice President of the Bank said in a statement issued here on Thursday.
He said that National Bank of Pakistan was incorporated in Pakistan under the National Bank of Pakistan Ordinance, 1949 and is listed on all the stock exchanges in Pakistan.
It's registered and head office is situated in Karachi. NBP is the largest banking institution of the country is serving the nation from last sixty three years, he added.
Today NBP, he said has become the first ever bank of the country to cross the `One Trillion Rupee' bench mark with more than 16500 employees and 1277 branch network across Pakistan and 23 overseas branches and representative offices in four countries.The bank is engaged in providing commercial banking and related services in Pakistan and overseas.
The bank also handles treasury transactions for the Government of Pakistan (GOP) as an agent to the State Bank of Pakistan (SBP).
Syed Ibne Hassan said that the bank also provides services as trustee to National Investment Trust (NIT), Long-Term Credit Fund (LTCF) and Endowment Fund for student loans scheme.
He said that National Bank of Pakistan (NBP) is leading in agriculture financing among other banks and financial institutions in the country by lending Rs 33.013 billion among nearly 176,372 farmers between July 2011 to March 2012, against a target of Rs 32.400 billion by SBP for nine months.
He further said that the State Bank of Pakistan (SBP) has fixed an indicative lending target of Rs 280 billion for the financial year 2011-12, out of this NBP's Share is highest after ZTBL.
As per SBP report, NBP's total outstanding during one year has exceeded by Rs 9.763 billion, rising from Rs27.670 billion in March 2011 to Rs 37.433 billion in March 2012.
The NBP outstanding is higher by Rs 9.763 billion as compared with the total exceeded amount of outstanding by all five other banks including ZTBL which stood at Rs 2.283 billion in March 2012.
Out of our total 1,277 domestic branches, 875 are involved in catering the needs of farmers.
The National Bank of Pakistan is at the top of 'five' commercial banks of Pakistan, as it offers complete range of commercial banking services along with agriculture services to farmers under one umbrella.
The Spokesman of the Bank said that NBP has disbursed Rs 42.4 billion in agriculture credit financing among nearly 252,000 farmers during July 2010-June 2011, against a target of Rs 41 billion.
The percentage of non-performing loans of NBP was about 5 percent as on December 31, 2011, compared to 15 percent average NPL's of commercial banks in agricultural.
The other distinguishing feature of NBP is the competitive mark up rate, which is lower than the rate being charged by other commercial banks, he remarked.
The NBP, he said took pride in being a key partner in government's program of achieving food security and poverty alleviation.
Syed Ibne Hassan added that the National Bank in 2011 posted pre-tax profit of Rs 26,011 million which was higher by Rs.1, 596 million or 7 percent as compared to last year.
The increase was due to higher core revenues, non interest / markup income and lower provision charge.
Syed Ibne Hassan said that the net interest income increased by 8.3 percent whereas non interest/mark-up income was higher by 9.7 percent primarily on account of higher dividend, exchange and tax compensation income.
"Pre-tax return on equity stood at 24.3 percent, pre-tax return on assets at 2.4 percent while cost to income ratio was at 0.46", he remarked.
Operating revenue, he said increased by 8.7 percent from Rs. 60.9 billion in 2010 to Rs 66.1 billion in 2011.
Net interest income increased by 8.3 percent or Rs. 3.6 billion from the corresponding period last year due to higher volumes, better rates and re-profiling of liability side,he remarked.
The bank's total deposits, he said increased by Rs 95 billion or 11.5 percent despite some large withdrawals.
Net advances increased by 10 percent despite conversion of certain commodity and corporate loans into Treasury Bills and Pakistan Investment Bonds as part of settlement of loans related to power companies and commodity financing. he remarked.
Syed Ibne Hassan said that the increase was noted in all business units with agricultural and consumer loans increased by 30 percent and 19 percent respectively, contributing 35 percent of increase in loan book in the year.
Dividend income was increased by Rs 648 million in 2011 due to higher portfolio size.
He said that National Bank of Pakistan (NBP), the country's largest commercial bank, recorded a 10 percent, year on year, growth in its first quarter profit (unconsolidated) amid significant amount of reversal in provision for diminution in value of investments and decline in provision against loans and advances.
NBPs advances portfolio, he said expanded to Rs 543 billion as of end-March 2012, marking a growth of 12 percent relative to the same period of last year.
The lender also remained active on investment front, with investment base up by 14 percent during the period under review to Rs 308 billion
The lenders deposit base increased to Rs875 billion as on March 31, 2012, registering a growth of 15 percent compared to the same period of last year.
National Bank of Pakistan, AAA/A-1+' (Triple A / A-One Plus) rated by JCR-VIS Credit Rating Company Limited (JCR-VIS).
From Corporate and Retail Banking to Agriculture and Islamic Banking, NBP is offering valuable services in almost all the areas of banking, he remarked.
Apart from this NBP has taken major steps in the areas of risk management, information technology, operations and human resources. The bank strongly believes in hiring young energetic employees and also attracting, developing and retaining good quality professionals.
The Global Finance Magazine has awarded National Bank of Pakistan "The Best Emerging Markets Bank 2011".
The Global Finance awarded NBP as "The Best Emerging Markets Bank" in 2003, 2005 and 2006 and NBP was awarded "Best Foreign Exchange Bank in Pakistan" in 2004, 2005, 2006 and 2008 years.
NBP, he said has also outperformed all the banks in Pakistan according to the recently announced "Top 1000 World Banks 2012" by The Banker magazine of UK.
National Bank of Pakistan organized training for over 25 General Managers (Credit) of the Bank from all over the country in Karachi.
The objective of this program was to further develop their analytical and professional skills for effectively processing of credit proposals, augmenting credit monitoring skills and through analytical approach recognize early signals for non-performing loans.
The focus of the training was also to expand credit to farmers and other small & medium enterprises to generate more employment in these industries by helping them to be financially viable.
The NBP in collaboration with of People's Doctor's forum organizes a two day National Blood Donation Camp on 21st June 2012 and 22nd June 2012 on the occasion of "Birth Anniversary of Mohtarma Benazir Bhutto Shaheed" at Karachi.
Hundreds of employees of National Bank of Pakistan and outsiders contributed with their blood donation and paid tribute to Shaheed Benazir Bhutto.
The camp was visited by Qamar Hussain, President NBP along with Senior Executives of the Bank and from People's Doctors Forum, Dr. Kareem Khwaja and other volunteers of NBP and Peoples Doctors Forum visited the camp and praised the efforts for organizing a National Blood Donation Camp.
Syed Ibne Hassain said that President NBP also praised the efforts of Peoples Doctors Forum and volunteers who contributed their blood to pay homage to the Daughter of the East, Mohtarma Benazir Bhutto Shaheed.
National Bank of Pakistan, he said received the "Max Factor of the Year-2011/12" award from Xpress Money Services Limited which is the third largest money transfer service provider in the world.
The NBP has been awarded for maximum distribution growth in home remittances in the above mentioned regions/receiving markets, in the year 2011/12.
Speaking on the occasion, Mr. Shaheen said, "Home remittances are vital for developing economies in general and especially for Pakistan as remittances play a very important role in building foreign exchange reserves, improving the standard of living, reduces the level and severity of poverty which ultimately strengthens the economy for the benefit of the entire nation. This award once again proves NBP's commitment to the home remittances business, in pursuit of the national cause".
Syed Ibne Hassan said that First ever Solar ATM is launched by NBP at Defence Housing Society Branch, Korangi Road Karachi.
This ATM functions with solar energy without its much dependence on generated electricity. NBP further intends to install ATMs on solar energy so as to use natural resources without misuse of generated electricity and fuel.
National Bank of Pakistan (NBP) besides offering employment opportunities to the disabled people in discharge of its Corporate Social Responsibilities (CSR) has taken another initiative to impart them training to transform them to useful bankers and be able to serve the society in a better way to gain recognition and respect.
Under the Umbrella of Training and Organization Development Group such trainings have already been conducted for the disabled employees of Sahiwal, Multan, Bahawalpur, D.G Khan, Gujranwala, Sialkot etc.
The NBP Training center of Peshawar will be conducting training program for all its disabled employees working in Northern Areas including KPK Province and in due course all parts of the country will be covered under this training.
The National Bank of Pakistan has commenced Foree Cash and Foree Transfer home remittance services with Ria Financial services, a wholly owned subsidiary of Euro net World-wide.
Inc.Ria Financial Services was founded in 1987 and today is recognized as the third largest money transfer company in the world, with a global agent network of 155,000 locations in over 136 countries on 6 continents.
This new partnership between Ria Financial Services and NBP shall facilitate Pakistanis expatriates from all over the world in sending money to their families and friends in Pakistan by simply visiting any Ria Financial Services agent location world-wide.
He said that in order to receive cash remittance, it can be instantly be collected via NBP ForeeCash, even without having a bank account. NBP Foree Transfer offers credit to the individual accounts in over 1200 online branches.
Established by NBP, the Global Home Remittances Group, is a dedicated center to serve expatriate remittances flowing into Pakistan.
NBP's initiative to highlight achievements of unsung national heroes, took an initiative to reveal the extraordinary achievements of courageous compatriots through national press and electronic media in recent months.
The campaign is completely in line with the vision of the largest commercial bank in the country.
NBP declared these daring and spirited men and women as the Unsung Heroes of the Nation. National Bank of Pakistan is recognized as a leader and a brand synonymous with trust, highest standards of service quality, international best practices and social responsibility in the country.
As the largest commercial bank and the only public sector bank in Pakistan who plays the due role of the Nation's Bank, NBP continuously strives to perform in a professional manner and multiply its share at every level.
Through `Unsung Heroes of the Nation' campaign, NBP aimed to highlight real heroes whose passion carries up the most hearts by the attraction of their own.
With the intensive research and investigation, NBP discovered 12 very passionate and courageous men and women including young boys and girls who had the desire to change and the determination to persist until they got the results they wanted.
The campaign has highlighted the achievements of Hassan Kashigar, Maria Toor, Sitara Akbar, Sanaulla, Saba Gul, Basit Riaz and Sheikh Zahida Kazmi till now.
The campaign aired through few TV networks nationally including PTV and also published in some of the national news papers.
The campaign is an on-going process and it will continue in the month of August as well with few more unsung heroes.
Commenting on the initiative, Mr. Qamar Hussain, President NBP said, "Our values make us truly the Nation's Bank i.e. one nation, one bank.
"We have redefined our role and have moved from a public sector organization into a modern commercial bank. We are determined to accomplish our responsibilities as a good corporate citizen of Pakistan. As far as this campaign is concerned, our core objective is to pay tribute to our unsung heroes who are truly the pride of the nation due to their remarkable achievements and valuable contributions irrespective of their age, gender and background."
National Bank of Pakistan is the largest commercial bank operating in Pakistan.
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, as a corporate citizen.
National Bank of Pakistan has built an extensive branch network with over 1277 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.
National Bank has earned recognition and numerous awards internationally.
In a short span of ten months NBP's official facebook fan page has registered more than 13000 members.
The reason for such significant growth is mainly due to the fact that not just official information on NBP's operations, services and products is given but also the fan page offers coverage to positive news and developments taking place in the country.
In addition to this various Public Service Messages are also posted on a very regular basis.According to Corporate Communications Division of NBP, the fan page is updated on a very regular basis for bank's fans to remain updated on its products and services. We also feel that being Nation's Bank it is our duty to highlight any positive development taking place in the country. Significant achievements made by Pakistanis in any part of the world are also posted regularly and that is one reason our fan page has registered good number of likes in a short span of time. In a way we are also focused on image building effort of the country.
National Bank of Pakistan (NBP) is the largest commercial bank in Pakistan with total assets well in excess of PKR 1.15 trillion (as on December 31st 2011).
NBP was incorporated in Pakistan under the National Bank of Pakistan Ordinance, 1949.
It is involved in commercial banking and related services in Pakistan and abroad.
With one of the largest domestic branch networks (consisting of 1,277 branches) across Pakistan as well as representation in 6 international geographical areas ranging from North America to the Far East as well as a joint venture operating in the United Kingdom (United National Bank Limited) and a subsidiary in Kazakhstan (NBP Kazakhstan), NBP is Pakistan's largest international commercial bank.
A recognition of NBP's strength has been the fact that the Banker Magazine (UK) has awarded `Bank of the Year' in 2008, 2010 and 2011 and is listed among the top 1,000 banks of the world for 2012. Global Finance Magazine has awarded NBP as the "Best Emerging Markets Bank (2011)".
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