Karachi: National Bank of Pakistan, the largest banking institution of the country has completed sixty years of service to the nation. It was established through an ordinance on November 09, 1949. NBP started its operation with an issued capital of Rs.15 Million and 100 employees. 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 1285 branch network across Pakistan and 23 overseas branches and representative offices in four countries and unique footprint in South Asia, Central Asia and Middle East. The Bank has converted its entire branch network completely online and has the fastest growing overseas correspondent base for home remittances. National Bank of Pakistan, AAA/A-1+’ (Triple A / A-One Plus) rated by JCR-VIS Credit Rating Company Limited (JCR-VIS), NBP is the largest banking institution of the country. 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 and the bank is also fulfilling its commitment towards the community. During Year 2012 all NBP Branches have become On-line, after this the bank has become the largest bank with its 100% on-line branches network and the entire domestic branch network is offering online facilities to its account holders including Inter Branch Fund Transfer, Withdrawals and ATM/Debit Card. In addition to regular online services, NBP account holders who are also a registered tax payer of Federal Bureau of Revenues (FBR) can avail the facility of payment of government taxes (FBR dues) through online direct debit to their account, eliminating their physical presence at the Branch. National Bank of Pakistan has been facilitating payment of EOBI pension to thousand of EOBI beneficiaries through its authorized branches and Customer Facilitation Centre. NBP is also collecting contribution from EOBI registered employers and beneficiaries. The bank has successfully replaced the paper based account opening process with a system based account opening process which meets all regulatory as well as Bank’s internal polices requirements relating to Know-Your-Customer and for prevention of money laundering and terrorist financing. The bank is serving 7.7 million account holders. Out of these 7.7 million 3.3 million are pensioners and there are about 4.00 Million pensioners in the country. To facilitate EOBI pensioners, a web-based application has been implemented from 1st March 2012 in 560 authorized branches for payment of pension and contribution collections of EOBI. The same web-based utility will later be replicated for payment of pensions to Railways retired employees, which will further benefit more than 100,000 pensioners and reduce counter traffic at Bank branches. System to facilitate direct credit of pensions to pensioners’ accounts has been developed which will eliminate their physical presence in the Branch to claim pension. Taking a step further, another milestone has been achieved by NBP by developing “Direct Account Credit Module” for facilitating pensioners who opt for taking pension directly to their account opened with NBP branches and they can withdraw their pension through cheque or ATM card transaction.Home Remittances is the second largest source of recurring foreign exchange for the country and a sustainable flow of remittances provide much needed stability to the economy. NBP has posted phenomenal growth in free of charge remittances in the last three years. Last year alone the growth was over 93%. NBP has reduced the remittance delivery time to minutes (conditions apply) by introducing computerized processing systems. Overseas correspondent base has grown to 29 leading Financial Institutions and Money Service Business Providers (MSBs) from just 8 at the time of establishment of this dedicated Group, free alerts are sent through SMS to beneficiaries on receipt of their payments which also provides helpline numbers to beneficiaries. NBP Advance Salary is the single largest consumer product in Pakistan. The product was launched in 2002. The purpose of the Advance Salary Scheme was to uplift the previously ignored and under-banked community of government employees by providing them opportunity of greater self-reliance and generate easily accessible funds for personal use through NBP Advance Salary Scheme. So far more than Rs. 200 Billion has been disbursed in this product to more than 1.5 million customers. Today, NBP Advance Salary is the largest and most profitable product of the bank. It is the largest Product in Personal Loan category with 52% market share. Keeping in view the potential and requirement of the market, in 2012, the bank increased maximum financing limit of NBP Advance Salary, now the customers can borrow upto Rs. One Million, this strategy has helped in building the bank book.Being nation’s bank, NBP is always the first corporate entity to come forward and help the nation whenever a calamity hits its countrymen. NBP is awarded number of international and national awards as The Best Emerging Markets Bank in 2011, 2006, 2005 and in 2003 and NBP was awarded “Best Foreign Exchange Bank in Pakistan” in 2004, 2005, 2006 and 2008 years. NBP is in “Top 1000 World Banks 2011” by The Banker magazine of UK.