Karachi: CFA Association of Pakistan has declared NBP the winner for the “Transaction of the Year-2012” for Sell-Side Advisory for the sale of shares of Agritech Limited by Azgard Nine Limited (ANL). The CFA Association of Pakistan’s panel of independent judges, based their decision on the innovativeness of structure, suitability to customer’s requirements, transaction size, width of distribution and the transaction’s impact on Pakistan’s financial markets and determined NBP as a winner. As a result of the transaction, ANL Group liabilities to the banking system reduced from over PKR 45 billion to approximately PKR 13 billion.
Investment banking at NBP has also been a significant component of the bank’s portfolio of products and services offered to its client base. This area specializes in loan syndications, infrastructure and project finance as well as structuring capital markets transaction in the debt and equity arena – issuance and/ or listing of shares and Term Finance Certificates, as well as capital-related advisory services for corporate customers.
National Bank of Pakistan (NBP) is the largest public sector commercial bank in Pakistan with total assets well in excess of PKR 1.30 trillion (as on December 31st 2012). Recognition of NBP’s strength has been the fact that the Banker Magazine (UK) has awarded ‘Bank of the Year’ in 2011, 2010 and is listed among the top 1,000 banks of the world for 2012 and 2013. Global Finance Magazine has awarded NBP as the “Best Emerging Markets Bank (2011)” and Asian Banking and Finance Magazine has named NBP “the Domestic Retail Bank of the Year 2013”. NBP also won awards from CFA Association Pakistan in 2011 for Corporate Finance House (Fixed Income) of the year and Transaction of the Year for its advisory for the private placement and IPO of Engro Foods Limited on the Karachi Stock Exchange.