By: SYED IBNE HASSAN
(VICE PRESIDENT/DIVISIONAL HEAD-A)
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.
Today NBP has become the first ever bank of the country to cross the ‘One Trillion Rupee’ bench mark with more than 16500 employees and 1283 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).
—- The bank also provides services as trustee to National Investment Trust (NIT), Long-Term Credit Fund (LTCF) and Endowment Fund for student loans scheme—- NBP is in on top ,when we confirmed it to other 5 big banks of Pakistan
NBP LEADS IN AGRI FINANCING National Bank of Pakistan (NBP) is leading in agriculture credit financing to other banks and financial institutions in the country by lending Rs 45789.5 million (106% of achievement) among nearly 241,296 farmers as on 30th June 2012, against a target of Rs 43200 million.
NBP’s total outstanding of Rs,41527.657 million(108% of achievement) during one year exceeded by Rs 3027.657 million as on 30th June 12, rising against a target of Rs 38500 million .This becomes possible due to dynamic leadership of President-Qamar Hussain & Chief Operating Officer(COO) Dr Asif Brohi.
Out of total 1,283 domestic online branches, 875 are involved in catering to the needs of farmers. while it offers complete range of commercial banking services, on the key areas is lending to farmers. NBP has disbursed Rs 45789.5 million in agriculture credit financing among nearly 241,296 farmers during July 2011-June 2012, against a target of Rs 43200 million.During this period, the percentage of non-performing loans of NBP was about 7.6 percent as on 30th June, 2012, 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. The loans disbursed can be divided into two categories,production and development loans.Under the first category loans are disbursed mainly for the procurement of seeds, levelling land, pesticides etc, and fertilisers and the second category is for the purchase of agricultural tractors and implements and construction of modern storage, cattle farms, poultry farms etc facilities.NBP takes pride in being a key partner in government’s program of achieving food security and poverty alleviation.Increasing Trend of Outstanding achievements From June-11 to June-12=Rs 11,078 Million.
National Bank of Pakistan (NBP) has approved the Financial Statements of the Bank for the six months period ended June 30, 2012.After tax profit increased to Rs 8.2 billion ie marginally higher from last year by 1.4%. Earnings per share stands at Rs 4.43 compared to Rs 4.37 of the corresponding period last year. Pre-tax return on equity stands at 21.5% with pre-tax return on assets being 2.0%.NBP’s net interest income remained under pressure and declined by Rs 1.6 billion compared to the corresponding period last year due to a combination of factors including reduction in discount rate and increase in minimum profit rate on deposits to 6% p.a. effective from May 2012. However, this impact was to a certain extent offset through recoveries and balance sheet growth.Non-interest mark-up income increased by Rs 648 million or 6.7% compared to the corresponding period last year mainly because of higher dividend and capital gains on the investment portfolio.. Expenses increased by 15% in line with inflation related salary increases and other overhead costs. Provision charge against advances shows a reduction of Rs 2,054 million or 44% mainly on account of lower fresh accretion and restructuring of certain corporate loans.
Provision against investments during the quarter increased due to lower capital gain opportunities in the second quarter and certain reclassifications which did not have any incremental impact on profitability. NPL’s remained at March 2012 level.Deposits at Rs 945 billion are Rs 18 billion higher compared to year end December 2011. Compared to June 2011, increase in deposit is Rs 114 billion.Advances increased by Rs 53.0 billion compared to year end December 2011 mainly in corporate, commodity and agriculture sector. JCR VIS credit rating agency maintained AAA/A1+ standalone rating for NBP in June 2012.
The Bank also received “Deal of the Year Award” from The Banker magazine during the year.NBP will continue to focus on increasing low cost deposits, recoveries, improvement in the quality of assets, technology upgradation and expense management.Now NBP’s customers living in rural and urban areas of the country will be able to benefit from online services alike. 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 1283 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)”.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. 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 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 organised 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 recognise 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. NBP in collaboration with of People’s Doctor’s forum organises 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 organising a National Blood Donation Camp. 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 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. 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”.
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 Organisation Development Group such trainings have already been conducted for the disabled employees of Sahiwal, Multan, Bahawalpur, D.G Khan, Gujranwala, Sialkot etc.
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. 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 recognised 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.
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 :National Bank of Pakistan 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 recognised 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 ie one nation, one bank. We have redefined our role and have moved from a public sector organisation 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.”
ABOUT NBP 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 1283 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 world-wide.. National Bank has earned recognition and numerous awards internationally.
NBP INCREASES SOCIAL MEDIA PRESENCE 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 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)”.