During the current rating review, JCR-VIS Credit Rating Co Limited (JCR-VIS) has given due consideration to the sustainability observed in various indicators over the past few years which reflect the significance of the National Bank of Pakistan (NBP) to the local economy.
NBP is the largest commercial bank in Pakistan, in terms of its depositors' base as well as its lending operations, with a strong overall presence in the latter segment including corporate, SMEs, micro agriculture and consumer financing. It is the only public sector bank in the country.
The organisation has been able to strategically manage, and build on its competitive advantages, which has translated into the strong and well managed improvement in profitability trend observed over the last few years, a substantial balance sheet footing of Rs 635 billion of sound asset quality, and strong liquidity and capitalisation levels.
Globally, also, the bank is strengthening its reach and has been actively constructing a branch network in recent years with a focus on South Asia, Central Asia and the Middle East, as well as China.-PR
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