Professional Documents
Culture Documents
1 History
1.1 Operations
1.2 Subsidiaries
1.3 International offices
2 Islamic banking
3 See also
4 References
5 External links
History
1949 National Bank of Pakistan (NBP) was established under the National Bank of Pakistan Ordinance of 1949 and
was government-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 seized 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.
1977 NBP opened an offshore brain Cairo.
1994 NBP amalgamated Mehran Bank.
1997 NBP 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%.
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 UNB had recently been privatized in
Pakistan and was now owned 49% by the Government of Pakistan and 51% by a joint foreign consortium of Abu
Dhabi.
NBP needed to redefine its role and shed the public sector bank image, for a modern commercial bank. It has offloaded
23.2 percent share in the stock market, and while it has not been completely privatized like the other three public sector
banks, partial privatization has taken place. It is now listed on the Karachi Stock Exchange.
2003 NBP opened its branch in Kabul, and the first ATM in Afghanistan was installed there.
2005 NBP closed its offshore branch in Cairo.
2010 NBP opened its branch in Karaganda (Kazakhstan).
2011 NBP opened its representative office in Toronto (Canada).
Operations
A number of initiatives have been taken, in terms of institutional restructuring, changes in the field structure, in policies
and procedures, in internal control systems with special emphasis on corporate governance, adoption of Capital Adequacy
Standards under Basel III framework, in the upgradation of the IT infrastructure and developing the human resources.
National Bank of Pakistan has built an extensive branch network with 1450 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.
The Bank saw significant growth between 2000 and 2006. In 2016, total assets
were estimated at PKR 1,799 billion, with total deposits being PKR 1,657
billion. Pre-tax profit rose to PKR 37.14 billion. Earnings per share have
jumped to PKR 10.69. The increase in profit was achieved through strong
growth in core banking income. Gross Interest income increased to PKR 114
billion through growth in the loan portfolio as well as increase in spreads.
Gross Advances increased to PKR 781 billion. It ranges from providing credit Map depicting worldwide operations
to the unbanked market segment under NBP Karobar, to small and medium of National Bank of Pakistan.
enterprises, to agricultural loans, to large corporate customers. Highlighted countries have
branches, subsidiaries and/or
It has taken various measures to facilitate overseas Pakistanis to send their representative offices of the bank.
Pakistan is highlighted in dark green
remittances. In 2002 the Bank signed an agreement with Western Union for
for reference.
expanding the base for documented remittances.
Subsidiaries
The NBP's subsidiaries are Taurus Securities Ltd, NBP Exchange Company Ltd, NBP Leasing Ltd, NBP Modaraba
Management Company Ltd, and CJSC Bank, Almaty, Kazakhstan. The Bank's joint ventures is United National Bank
(UK).[3]
International offices
National Bank of Pakistan branch in Washington, D.C.
NBP also has branches /offices in the United States, UK, Canada, Germany,
France, Bahrain, Egypt, Bangladesh, Hong Kong, Japan, South Korea, The
People's Republic of China, Afghanistan, Turkmenistan, Kyrgyz Republic,
Kazakhstan, Uzbekistan, Azerbaijan and Saudi Arabia.
Islamic banking
See also
State Bank of Pakistan
Zarai Taraqiati Bank Ltd.
References
1. "NBP Annual Report 2016" (https://www.nbp.com.pk/FinancialStatements/AnnualReport2016/DirectorsReport-Financi
al-Statements-2015.pdf) (PDF). NBP.com.pk. Retrieved 10 April 2016.
2. http://www.nbp.com.pk/EcomomicBulletin/FS-Complete-31-12-2007.pdf
3. nbp.com.pk. "National Bank of Pakistan" (http://www.nbp.com.pk/aboutus/index.aspx). nbp.com.pk.
External links
National Bank of Pakistan (NBP) (http://www.nbp.com.pk/index.htm)
Retrieved from "https://en.wikipedia.org/w/index.php?title=National_Bank_of_Pakistan&oldid=806474553"
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