NBP notifies branches timings

National Bank of Pakistan (NBP) management has announced the banks’ branches will remain open from 9 am to 5.30 in all four working days from Monday to Thursday.

On Friday, NBP branches will be opened from 9 am to 6 pm on Friday with lunch/prayer break from 1 pm to 2.30 pm.
As per decision of the Federal Government vide Notification No 2/7/2011-public October 13, 2011 five days working week will be observed by the banks. In order to ensure availability of basic banking facilities to business community, it has been decided selected NBP branches including head office and regional offices will remain closed on Saturdays.

NBP, NCR ink accord for ATM expansion

NCR Corporation and National Bank of Pakistan (NBP) singed a contract signing to install 150 ATMs nationwide in branches of NBP and expansion of its ATM network.

NBP will further strengthen its ATM network with this expansion across country and will have more than 500 branches with ATMs to facilitate its customers.

With increasing demands of customers for having alternate delivery channels, the management of NBP decided to increase ATMs within its branch network along with other value added services to the customers such as cash dispensing and deposit, funds transfer, bill payments, balance enquiry etc.

NBP reports higher profit

National Bank of Pakistan (NBP) has posted a higher consolidated profit after tax of Rs 8.132 billion during the half year ending June 30, 2011.

According to financial results of the bank approved by the board of directors Thursday, the pre-tax profit surged to Rs 11.712 billion compared to Rs 11.709 billion in the same period last year.

The earning per share also improved to Rs 4.84 during the period under review as against Rs 4.68 in the corresponding period in 2010.

Banks witness high growth prospects

The domestic banking sector is poised to continue its strong growth trajectory despite likely higher effective tax – 15 percent flood surcharge – in the second quarter of current year 2011.

The banking experts projected earnings for five big banks (as a group) would increase by at least 20 percent on yearly basis in first half of current year 2011, propelled by strong Net Interest Income growth, contained provisions and improved non-interest income.

NBP initiates awareness campaign

National Bank of Pakistan (NBP) has initiated a thought provoking public awareness campaign ‘Bank on Savings’, focusing on saving-saving trees, saving environment, saving lives.

NBP’s fact-based multimedia campaign together with its reach seems to have highlighted the ingredients to attain this objective quite effectively.

From: Daily Times

NBP opens another branch

The National Bank of Pakistan (NBP) has opened another branch in Umer Kot, Thar Desert area of Sindh. Dr Asif A Brohi, SEVP/Group Chief, Commercial & Retail Banking Group, NBP inaugurated the branch.

The branch serves all treasury functions of government and around 20,000 account holders to bank with NBP. The event was attended by Regional Head Hyderabad and Regional Management Team of NBP and other notables of the area.

From: Daily Times

CSR at NBP – serving the nation in more ways

The Corporate Social Responsibility (CSR) for a business entity is an ongoing commitment to behave ethically and contribute to economic development while improving the quality of life of the local community in which it is operating and the society at large.

In a nutshell it is about capacity building for sustainable development. The National Bank of Pakistan (NBP) as nation’s bank is always committed to exploring opportunities and avenues for uplifting people’s lives across all provinces.

From: Daily Times

Global share float depends on investor confidence

The government’s plan to list shares of Pakistani companies on the London Stock Exchange depends on the success or failure of the upcoming exchangeable bonds of the Oil and Gas Development Company (OGDCL), which will test the interest of international investors in Pakistani companies.

The Privatisation Commission intends to float Global Depository Receipts (GDRs) – a term used for listing of companies’ shares outside the country – of Habib Bank Limited (HBL), National Bank of Pakistan (NBP) and Kot Addu Power Company (Kapco) in the London market.

From: Tribune

NBP inks agreement with NAFA

Financial Institutions and Cash Management Division of National Bank of Pakistan (NBP) has concluded Cash and Cheque Collection Agreement with NBP Fullerton Asset Management Limited (NAFA) Funds.

After the agreement signed, all the Collections of NAFA Countrywide would now be taken care by National Bank of Pakistan through its designated branches, according to a press release.

National Bank of Pakistan is the largest commercial bank operating in Pakistan; its balance sheet size surpasses that of any of the other banks functioning locally.

From: Pakobserver

NBP announces 40pc dividend

The National Bank of Pakistan (NBP) on Monday announced a cash dividend of 40 per cent (Rs4 per share) and 15 per cent bonus shares after posting a record pre-tax profit of Rs26.3 billion during 2006.

According to an announcement, the board of directors of NBP which approved the annual accounts for the year ending December 31, 2006 also approved the cash payment of Rs4 on each share. The net profit surged by 38 per cent rising from Rs12.7 billion in 2005 to Rs17 billion in 2006. The Earning Per Share jumped by 34 per cent to Rs24.01 in the period under review.