Nbp near me?
National Bank of Pakistan (NBP) (نیشنل بینک آف پاکستان) is a Pakistani government-owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of September 2020, it has 1,511 branches across Pakistan with assets of approximately USD 20.2 billion.[2]
The bank provides various commercial and public sector banking services, including the debt-equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services. In the year 2020, the bank was designated domestic systemically important bank (D-SIB) by the State Bank of Pakistan.[3]
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.
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 to the unbanked market segment under NBP Karobar, to small and medium enterprises, to agricultural loans, to large corporate customers.
It has taken various measures to facilitate overseas Pakistanis to send their remittances. In 2002 the Bank signed an agreement with Western Union for expanding the base for documented remittances.
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).[4] Cast – N- Link Products Ltd.[5]
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.
NBP Funds is a Non-Banking Finance Company jointly owned by National Bank of Pakistan and Fullerton Fund Management Group, Singapore, which in-turn is a wholly owned subsidiary of Temasek Holdings, Singapore.[6]
NBP owns a team since 1947 and a venue since 1998, both named after it and both located in Karachi. In October 2022, NBP got the naming rights of National Stadium Karachi.
NBP owns a Karachi-based men's team playing in Pakistan Premier League. NBP is not involved with any women's team in Pakistan, nevertheless, in October 2020, its director, Imam Baloch, publicly lauded Diya W.F.C.'s actions for spreading football to poor and "backward areas" of Karachi and Sindh.[7]
NBP owns a team which won the National Hocky Championship in 2013.[8]
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