National Bank of Pakistan has earned the distinction of being among the top 10 banks of the world in 'Best Profit on Capital' category as announced by the world-renowned The Banker magazine. According to a press release, the bank has also been included in the top 1000 banks of the world on the basis of overall financial performance in 2004.
The bank was number 1 in the same category in Pakistan. National Bank of Pakistan maintained its very strong financial performance in 2004. Pre tax profits improved by 33 percent year on year and reached Rs 12 billion ($200 million), more than double of its nearest rival. A number of new products in the area of retail banking, agriculture and financing for SMEs were introduced.
The bank continued to make substantial investment in technology and upgrading its human resource base.
Going forward, the focus will be to market diversified asset produce to its 10 million plus account holders to maintain revenue momentum through higher fee and interest income.-PR
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