National Bank of Pakistan Exchange Company Limited opens Branch at North Nazimabad

Karachi, March 30, 2015 (PPI-OT): NBP Exchange Company Limited has opened a branch at Hyderi, North Nazimabad, Karachi. Mr. Khalid Bin Shaheen – Chairman NBP Exchange Company Limited inaugurated the […]

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Karachi, March 30, 2015 (PPI-OT): NBP Exchange Company Limited has opened a branch at Hyderi, North Nazimabad, Karachi. Mr. Khalid Bin Shaheen – Chairman NBP Exchange Company Limited inaugurated the branch and said that this is 18th branch at Hyderi Karachi to provide the most trust worthy remittance services and money exchange to the large number of commercial and retail clients in the area, especially to the families of Pakistani students studying abroad where timely and dependable remittance is of utmost importance. He further said that the branch will offer Sale / Purchase of foreign currencies, FTT / FDD and Inward / Outward Remittances through Western Union.

NBP Exchange Company is a wholly owned subsidiary of National Bank of Pakistan giving it unmatched capability and coverage to satisfy the needs of expat Pakistanis living across the globe coupled with the credibility and dependability of its parent institution. The opening ceremony attended by Mr. Abdul Wahab, Acting Managing Director, Mr. M. Imran Khan, Chief Financial Officer, Mr. Naeem Khan, Business Development Manager, Mr. Asim Baig, Manager Human Resource, Mr. Tariq Javed, Head of Internal Audit, Mr. Shahbaz Alam, Manager MIS, Mr. Aslam Jafri, Branch Manager – Hyderi Branch, Mr. Nabeel Saeed, SVP/ Head of Corporate Communication and Syed Ibne Hassan, Vice President, Corporate Communication.

For more information, contact:
Syed Ibne Hassan
Vice President / Divisional Head (A)
National Bank of Pakistan
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: 021-99220773
Cell: 0300-8202184
Fax: 021-99212734
Email: ibne.hassan@nbp.com.pk

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Annual general meeting of National Bank of Pakistan to be held on March 30, 2015

Karachi: National Bank of Pakistan informed Karachi Stock Exchange that annual general meeting of the bank is scheduled to be held on March 30, 2015 at Karachi. The agenda of the meeting is confirming minutes of extraordinary general meeting held on February 6, 2015, consideration of audited financial statement of the bank for year ended December 31, 2014, considering payment of cash dividend of 55%, appointing and fixing remuneration of the auditors for year ending December 31, 2015. National Bank of Pakistan was incorporated in Pakistan under the National Bank of Pakistan Ordinance, 1949. The bank is engaged in providing commercial banking and related services in Pakistan and overseas. It also handles treasury transactions for the Government of Pakistan as an agent to the State Bank of Pakistan. The operational branches of the bank in Pakistan are 1,342 and 23 overseas branches including the Export Processing Zone branch in Karachi. The bank also provides services as trustee to National Investment Trust, Long-Term Credit Fund and Endowment Fund for student loans scheme. The registered office of the bank is located in Karachi. The shares of are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The bank has transformed from a public sector organization into a commercial bank. The services are available for individuals, corporate entities and government. Besides the presence of the bank as an agent to the State Bank of Pakistan it has significant penetration in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and showing interest in the development and promoting interest in the development of small and medium enterprises of the country. The operations of the bank have been partially privatized. Some of the activities are state owned and some are privately owned. The core products of the bank are premium amdani, premium saver, saibaan, advance salary, cash card, investor advantage, kisan taqat, kisan dost and cash and gold. The subsidiaries of the bank are Taurus Securities Limited, NBP Exchange Company Limited, NBP Capital Limited, NBP Modaraba Management Company Limited, and CJSC Bank, Almaty, Kazakhstan. It has also recently opened a subsidiary in Dushanbe, Tajikistan. The joint ventures include, United National Bank of UK, First Investment Bank and NAFA, an Asset Management Company which is a joint venture with NIB Bank and Fullerton Fund Management of Singapore. The symbol “NBP” is being used by the stock exchange for the shares of National Bank of Pakistan.

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Karachi: National Bank of Pakistan informed Karachi Stock Exchange that annual general meeting of the bank is scheduled to be held on March 30, 2015 at Karachi.

The agenda of the meeting is confirming minutes of extraordinary general meeting held on February 6, 2015, consideration of audited financial statement of the bank for year ended December 31, 2014, considering payment of cash dividend of 55%, appointing and fixing remuneration of the auditors for year ending December 31, 2015.

National Bank of Pakistan was incorporated in Pakistan under the National Bank of Pakistan Ordinance, 1949. The bank is engaged in providing commercial banking and related services in Pakistan and overseas. It also handles treasury transactions for the Government of Pakistan as an agent to the State Bank of Pakistan. The operational branches of the bank in Pakistan are 1,342 and 23 overseas branches including the Export Processing Zone branch in Karachi. The bank also provides services as trustee to National Investment Trust, Long-Term Credit Fund and Endowment Fund for student loans scheme. The registered office of the bank is located in Karachi. The shares of are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan.

The bank has transformed from a public sector organization into a commercial bank. The services are available for individuals, corporate entities and government. Besides the presence of the bank as an agent to the State Bank of Pakistan it has significant penetration in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and showing interest in the development and promoting interest in the development of small and medium enterprises of the country. The operations of the bank have been partially privatized. Some of the activities are state owned and some are privately owned. The core products of the bank are premium amdani, premium saver, saibaan, advance salary, cash card, investor advantage, kisan taqat, kisan dost and cash and gold.

The subsidiaries of the bank are Taurus Securities Limited, NBP Exchange Company Limited, NBP Capital Limited, NBP Modaraba Management Company Limited, and CJSC Bank, Almaty, Kazakhstan. It has also recently opened a subsidiary in Dushanbe, Tajikistan. The joint ventures include, United National Bank of UK, First Investment Bank and NAFA, an Asset Management Company which is a joint venture with NIB Bank and Fullerton Fund Management of Singapore.

The symbol “NBP” is being used by the stock exchange for the shares of National Bank of Pakistan.

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National Bank provides significant support to community by assisting several organizations that are particularly active to serve humanity: Mehtab Siddiqui

Islamabad, February 23, 2015 (PPI-OT): National Bank provides significant support to the community by assisting several organizations that are particularly active to serve humanity, said Mehtab Siddiqui, Manager Media, PR […]

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Islamabad, February 23, 2015 (PPI-OT): National Bank provides significant support to the community by assisting several organizations that are particularly active to serve humanity, said Mehtab Siddiqui, Manager Media, PR and Brand Management. He was addressing a press conference, hosted by the implementing partner, Kaus-e-Kazah Welfare Organization, to highlight the Corporate Social Responsibility (CSR) activities and projects for the year 2014, here at local hotel.

Being the largest commercial bank, National Bank of Pakistan, CSR is an integral part of NBP’s corporate policy, he said, adding that the bank has institutionalized by creating a separate Division headed by Mr. Iqbal Qasim, running a full-fledged CSR Program to bring positive change and improving quality of life of underprivileged members of our society.

The Prime area of focus for CSR initiatives are promotion of Education, Health, Woman and Child Welfare, Special Persons, Culture, Sports and relief for effectees of natural disasters, he emphasized.

“It is a matter of pride that, NBP has been recently awarded with the “Gold Medal on CSR” by Prime Minister of Pakistan on basis of overall NBP contributions and donations for charitable, social, educational and public welfare purposes.” Mehtab Siddiqui expressed.

During the briefing, he also lauded the efforts of President of National Bank, Mr. Syed Ahmed Iqbal Ashraf, for launching different CSR initiatives successfully. In the context of recently-distributed donation cheques to various organizations, Mehtab Siddiqui said that the humanitarian support provided by the Bank demonstrated its positive values.

“NBP has contributed wholeheartedly in the ‘Health’ sector by supporting Marie Adelaide Leprosy Centre through adoption of Female Ward; SIUT, Noor Memorial Hospital Chakwal for construction of Lab and X-Ray facilities; NBP provides Equipment support to Ghulab Devi, Lady Willington, Ganga Ram and Bolan Medical Hospitals. Bank also organizes Medical and Eye camps countrywide for free treatment of Underprivileged patients. Bank also organized 1122 Free Medical Camps in Flood Affected areas of District Jhang,” he said.

In ‘Education’ sector too, NBP has played a vital role by providing financially support to develop and upgrade infrastructure of “The HUB” “KSBL” “IBA” Taaleem Foundation’s school at Kila Saifullah and Bagh Baluchistan, The Citizen Foundation School at Nawabshah and Children Care Foundation Lahore.

Bank under its “Scholarship Program” also provide financial assistance to 40 trainees of Hunar Foundation Tando Allahyar, 15 Students of IBA Sukkur, 10 students of PAF Sargodhian Sprit Trust and 35 students of Academy INFAQ Foundation.

NBP in collaboration with Family Educational Service Foundation conducted MOVE (Motivational Volunteer Empowerment) programs to build a strong network of motivated young volunteers Program at Peshawar, Quetta, and Sukkur. Lifetime Support to TCF School, Nawabshah; The Hub School; Donation to Foreman Christian College Lahore, he informed.

While answering a question, Mehtab Siddiqui said that NBP also supported cultural events and recently sponsored the All Pakistan Folk singing Mela at Faisalabad, Allami Mushaira at Arts Council Karachi, Festival of Colours (Holi Festival), Christmas and Easter events, arts competition with PWDs, events at Dar ul Sukun, for Senior Citizens.

“NBP pays special attentions to special persons with various sporting activities on National Level such as Blind Cricket Tournaments, Wheelchairs user’s Cricket tournaments, Disable Cricket tournaments and other competitions,” he said, while mentioning some of the projects organized, including: Outreach Camps for Disable Persons – Chakwal, Distributed Wheel Chairs, Tri-cycles, White Canes through various NGOs.

Under Head of Woman and Child Welfare, NBP also initiated about 15 projects of vocational training with its implementing partner Kaus-e-Kazah Welfare Organization with title “Empowered Women and Empowered Pakistan” to help needy and poor women especially of rural backgrounds wherein about 300 women benefited through these projects, he further said.

National Women Hockey Championship Karachi; District Cricket Tournament -Gwadar and Women Football South Asian Games-Islamabad, were some of those NBP-sponsored activities, Mehtab Sidiqui concluded. On the occasion, Dr. Fauzia Mughees, Executive Coordinator of Kaus-e-Kazah Welfare Organization, also exchanged views with the participants.

For more information, contact:
Syed Ibne Hassan
Vice President / Divisional Head (A)
National Bank of Pakistan
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: +92-21-99220773
Cell: +92-300-8202184
Fax: +92-21-99212734
Email: ibne.hassan@nbp.com.pk

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Corporate Social Responsibility activities by National Bank of Pakistan

Islamabad, February 22, 2015 (PPI-OT): A press conference, to highlight the CSR activities by the National Bank of Pakistan, will be held on Monday (February 23) at 3 PM, here […]

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Islamabad, February 22, 2015 (PPI-OT): A press conference, to highlight the CSR activities by the National Bank of Pakistan, will be held on Monday (February 23) at 3 PM, here at the Lavish Dine, G-8 Markaz, Islamabad.

On behalf of National Bank of Pakistan, Mahtab Siddiqui, Manager Media, PR and Brand Management will brief the journalists about the different initiatives and prime areas of focus for the Corporate Social Responsibility (CSR) initiatives including: promotion of Education, Health, Woman and Child Welfare, Special Persons, Culture, Sports, and Relief for affectees of natural disasters.

On the occasion, Dr. Fauzia Moghees, Executive Coordinator of the Kaus-e-Kazah Welfare Organization, implementing partner of NBP, will also talk about ongoing projects with the collaboration of the National Bank for the empowerment of women.

The National Bank has also been recently awarded with the ”Gold Medal on CSR” by Prime Minister of Pakistan on basis of overall NBP contributions and donations for charitable, social, educational and public welfare purposes.

For more information, contact:
Syed Ibne Hassan
Vice President / Divisional Head (A)
National Bank of Pakistan
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: 021-99220773
Cell: 0300-8202184
Fax: 021-99212734
Email: ibne.hassan@nbp.com.pk

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Deal signed between National Bank of Pakistan and Gestetner – Hascombe Business Solutions (Private) Limited under which youth will be provided machines at discounted prices

Karachi, February 16, 2015 (PPI-OT): National Bank of Pakistan (NBP) unrelenting efforts to develop the business opportunities for the unemployed youth of Pakistan is the core component of the Bank’s […]

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Karachi, February 16, 2015 (PPI-OT): National Bank of Pakistan (NBP) unrelenting efforts to develop the business opportunities for the unemployed youth of Pakistan is the core component of the Bank’s integrated community strategy. NBP joined hands with the Government of Pakistan for the Prime Minister Youth Business Loan Program and signed MOUs with FAW Al-Haj Motors and Master Motors in November 2014.

Now on February 16, 2015, NBP has taken one more step forward and signed a Memorandum of Understanding (MOU) with Gestetner Pakistan – Hascombe Business Solutions (Private) Limited. Under this arrangement Gestetner Pakistan will provide their machines at discounted prices, a mini shop set-up and training to the interested youth for setting up a Mini Shop with Gestetner machines.

This facility will be offered to the prospective applicants seeking loans under the Prime Minister Youth Business Loan Scheme (PMYBL). Speaking to media NBP’s Senior Executive Vice President and Group Chief– Commercial and Retail Banking Group, Mr. Mudassir Khan said that the bank was making persistent efforts and forming various corporate alliances with companies from different business sectors to make the Prime Minister Youth Business Loan a success.

He further said that by reaching the eligible candidates and micro/small businesses at grass root levels will help foster economic activity and improving quality of life for the people. This ceremony was attended by Mr. Mudassir H. Khan – SEVP and Group Chief, Commercial and Retail Banking Group, Mr. S. H. Irtiza Kazmi – EVP and Coordinator – PMYBL, Commercial and Retail Banking Group, Ms. Nageen Rizvi – VP and Unit Head Marketing and Promotions PMYBL, Syed Ibne Hassan, Divisional Head (A) CCD.

While Gestetner Pakistan – Hascombe Business Solutions (Private) Limited was represented by Mr. Nadeem Butt – CEO, Mr. Basit Habib – Group CFO, Mr. S. Shabbar Raza – Regional General Manager South Region and Project Executive of Mini Shop (PMYBLP), Mr. Shahab-us-Saqib – Manager Tender Business and Project Coordinator of Mini Shop(PMYBLP), Ms. Beenish Fatima – Manager Business Development, and Project Coordinator of Mini Shop (PMYBLP), Ms. Afshan Siddiqui – Officer Business Development, Business Communication and Marketing Division, Mr. Muhammad Asim – Chief Accountant, Mr. Aziz Hussain – Company’s Secretary.

NBP’s Group Chief said that the bank would form more alliances at an aggressive pace with other organizations with the aim to make a wide range of feasible business options available to the borrowers of the PMYBL scheme. Mr. Mudassir Khan – NBP’s Group Chief said that National Bank of Pakistan would continue to lead and support the PMYBL program to boost economic activity in the country.

NBP and the Government of Pakistan are working to further improve and shorten the process of tranche disbursal and facilitate borrowers through an expedited process. Answering a question, Mr. Mudassir H. Khan said that the PM Youth Business Loan program would prove a milestone for micro and small business and economic growth in the country.

He said that several educated youths do not get the opportunity to start up their businesses due to lack of funds. This program will furnish various possibilities to the youth for starting a business or for expansion of the existing business. Pakistan has emerged as the second rapidly growing economy in Asia after China in 2004 – 2005, as claimed by government and well accepted by international raters and financial institutions.

In any economy, small and medium enterprises stimulate domestic demand through job and business opportunities, innovation and competition, thus, the SMEs can be driving force behind a resilient and sustainable economic growth. In the third world developing nations, prioritizing youth development is critical for economic growth.

Adequate access to finance is crucial to survive and eventually graduate beyond their SME status. NBP’s Executive Vice President and Coordinator for PMYBL, Mr. Irtiza Kazmi stated that the assessment of the role of SMEs in Pakistan is of vital importance. The economic data and figures like GDP growth or per capita income may be misleading since these may not necessarily represent the masses rather the capitalists in the country.

SME produces a robust income stream for masses residing all over the country and the capitalists associated with this activity are generally medium or small businesses as the name suggests. In Pakistan, SME sector does not hold a minor share any more, reality is that Pakistan’s whole economy is highly dependable on the pace and productivity of SMEs. NBP is providing loans across the country to the youth ranging from 21 to 45 years old.

He said that to date 15,299 applications have been approved nation-wide and the remaining cases were in the process of approval. The NBP officials said that being the largest public sector bank NBP has always played a vital role in product innovation and penetrating the hitherto neglected market segments. Micro and small businesses will be the main source of poverty reduction in Pakistan that will create the value and innovation for the country in the days to come.

He said that the formation of alliance with Gestetner Pakistan – Hascombe Business Solutions (Private) Limited would lead to the availability of hi quality photocopier and printing equipment at affordable discounted costs to the borrowers of the scheme.NBP has made significant progress in successfully implementing this scheme. Until now, over 5,601 successful applicants have been provided loans, collectively amounting to over PKR 3.825 Billion.

NBP is confident that this program, apart from being beneficial for the bank, will also facilitate the SMEs in leading a positive multiplier effect, thereby yielding sustainable economic growth. NBP has taken a proactive approach in targeting the prospective customer base in order to successfully achieve the objectives of the PMYBL scheme.

NBP will continue to retain its lead role in the PMYBL scheme, while penetrating into more desirable market segments. To achieve the dual objective of promoting the PMYBL program, and to facilitate the prospective borrowers, NBP is developing a resource pool by entering into alliances with various business groups. Gestetner Pakistan – Hascombe Business Solutions (Private) Limited is “Total Solutions Provider”.

It is engaged in providing Solutions to Corporate, Banks, Government, Multinational, Education and Large National Companies Company offering premium business solutions. It is the leader in convergence, a major force behind the erosion of traditional barriers between IT, communications and document technology, led by Mr. Nadeem Butt the Chief Executive Officer.

In continuation, Gestetner Pakistan – Hascombe Business Solutions (Private) Limited took a revolutionary step in offering the micro businessmen the opportunity of setting up of Mini-Shops with Gestetner machines at discounted prices. These businessmen will also be trained by Gestetner Pakistan and will be assisted by National Bank of Pakistan for financial autonomy through Prime Minster Youth Business Loan Scheme.

For more information, contact:
Syed Ibne Hassan
Vice President / Divisional Head (A)
National Bank of Pakistan
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: 021-99220773
Cell: 0300-8202184
Fax: 021-99212734
Email: ibne.hassan@nbp.com.pk

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National Bank of Pakistan launches ATM point service

Karachi, December 31, 2014 (PPI-OT): For the ease, comfort and care of NBP customers, National Bank of Pakistan (NBP) is in the process of setting up “NBP ATM POINT” which […]

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Karachi, December 31, 2014 (PPI-OT): For the ease, comfort and care of NBP customers, National Bank of Pakistan (NBP) is in the process of setting up “NBP ATM POINT” which will comprise centers of 4 – 6 ATMs at various locations in the country, first of which was launched on 31.12.2014 at NBP Sakhi Hasan Branch, Five Star Chowarangi, North Nazimabad, Karachi, the service was inaugurated by Syed Iqbal Ashraf, President NBP.

While launching the service, Mr. Ashraf said that “The Bank intends to install 1000 ATMs in 2015 making it one of the largest ATM Networks in the country and this ATM Point launched by NBP will be beneficial for existing customer, potential customers and will also help to attract the card holders of other banks.

Superior quality of service is the hallmark of ‘Nation’s Bank’ and in the coming months the Bank wishes to enable clients getting salary/pension to draw the amount through ATMs at their own convenience and without coming to brick and mortar branches” He further said “The team which has worked and launched this service is felicitated and lauded their efforts in making this project a success.

These ATM Points are going to be established at places convenient to public access at large. These Points are being established at locations which are either in close vicinity to branches having large number of accounts or within same space / premises where a branch already exists.”

NBP is one of the largest bank which enjoys the distinction of serving in-service and retired government employees. Salary and pension accounts run into millions and most of the account holders approach branches for withdrawal of cash within first ten days of every month. This extraordinary rush sometime affects the quality of customer services.

The initiative has already been taken to make payment of pension payment through system support designed in-house by virtue of which the visiting pensioner does not require to bring a self-filled in pension bill/voucher as the same is being generated through system support.

The Bio-metric devices shall also be installed at ATM Points to capture “Thumb Impression” of any visiting pensioners and retain the same as proof of life after approval of the concerned Ministry, for continuation of pension payments.

NBP has one of the largest branch network with over 1350 branches, all of these being online. It has been realized that deployment of modern technology will enable the Bank to further improve the quality of service and would further expand the banking services horizon at the doorstep of its account holders/customers.

Assigning top priority to the project the first ATM Point site has become functional as of December 31, 2014, similar ATM Points will be established at Bahawalpur, Kharian, Multan, Gujranwala, Sialkot in the first phase.

The event was also graced by Mr. Nausherwan Adil, SEVP/Group Chief, Operations Group, Mr. Khalid Bin Shaheen, SEVP/Group Chief, GHRMG and Media, Mr. Mudassar H. Khan, SEVP/Group Chief, C and RBG, Mr. M. Tariq Jamali, SEVP/Group Chief, LSS and EG and other Senior Executives.

For more information, contact:
Syed Ibne Hassan
Vice President / Divisional Head (A)
National Bank of Pakistan
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: 021-99220773
Cell: 0300-8202184
Fax: 021-99212734
Email: ibne.hassan@nbp.com.pk

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National Bank plans aggressive roll out of Automated Teller Machines

Karachi, November 25, 2014 (PPI-OT): National Bank of Pakistan has embarked an aggressive plan to roll out 1,000 ATMs by the end of 2015. This was mentioned by Mr. Syed […]

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Karachi, November 25, 2014 (PPI-OT): National Bank of Pakistan has embarked an aggressive plan to roll out 1,000 ATMs by the end of 2015. This was mentioned by Mr. Syed Ahmed Iqbal Ashraf, President and CEO, National Bank of Pakistan who was present at the signing ceremony of 250 ATM project.

The agreement was inked by Mr. Zubair Ahmed (SEVP, Logistic Security Support and Engineering Group) and Mr. Veqarul Islam (President – TouchPoint). Mr. Mudassir H. Khan (SEVP Commercial and Retail Banking Group), Mr. Nausherwan Adil (SEVP, Operations Group), Mr. Khalid Bin Shaheen (SEVP, Global Home Remittances Management Group), Mr. Javed Haider (SVP, Divisional Head – LS and EG), Mr. Faisal Mahmood (VP, Head I.T. Procurement Wing), Mr. Qasim Y. Khan (VP, I.T. Procurement) and Mr. Tabish Sabah (CEO – TouchPoint) also graced their presence at the occasion.

The President NBP, Mr. Syed Iqbal Ashraf while speaking with delegates and media said, “National Bank of Pakistan will bring convenience to its customers by offering them self-service facilities to perform their hassle-free transactions round-the-clock across Pakistan. He further mentioned that “the NBP team is committed to bring the best services to the Nation’s customers.”

Currently, NBP has 376 ATMs countrywide and with this new addition the total installed base of ATMs shall be 626. NBP payment processing is powered by World renowned payment processing software ITM of Euronet.

Speaking at the event, Mr. Veqarul Islam, President Touch Point, an exclusive distributor of Diebold Inc. in Pakistan, said that, “it is an honor to partner with National Bank of Pakistan in deploying 250 ATMs across the country. Touch Point has been a fast growing company which is committed to focus on service excellence in the business they are in. He congratulated the entire NBP team on such an initiative.”

For more information, contact:
Syed Ibne Hassan
Vice President / Divisional Head (A)
National Bank of Pakistan
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: 021-99220773
Cell: 0300-8202184
Fax: 021-99212734
Email: ibne.hassan@nbp.com.pk

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National Bank of Pakistan designated branches to remain open today to facilitate successful applicants of Prime Minister’s Youth Business Loan Scheme

Karachi, May 16, 2014 (PPI-OT): All NBP designated branches for Prime Minister’s Youth Business Loan (PMYBL) Scheme will remain open on Saturday, May 17, 2014. The candidates of the first […]

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Karachi, May 16, 2014 (PPI-OT): All NBP designated branches for Prime Minister’s Youth Business Loan (PMYBL) Scheme will remain open on Saturday, May 17, 2014. The candidates of the first balloting which was held in Islamabad on February 28, 2014 have already been intimated through calls and SMS. Offer letters have also been dispatched to the successful applicants.

However, in order to facilitate the process, the applicants are requested to contact their respective designated hub branches for collection of their offer letters, if not received already, and for completion of required documentation. The branches have been directed to facilitate all successful candidates of the first balloting.

The total of 5,350 came out successful in the first balloting. From AJK, Baluchistan, KPK and Sindh 75, 73, 670 and 342 respectively were sent for balloting and all candidates came out successful in balloting. While in Punjab 4,782 cases and in Islamabad 135 cases were sent for balloting from which 4,085 and 105 respectively came out successful.

National Bank of Pakistan has made substantial progress towards launching this landmark scheme. This initiative presents a huge potential for assisting the economic progress of any country, catalyst for which remains channelizing of adequate financing towards this credit starved segment of population. NBP believes that the subject scheme will prove to be such catalyst for sustainable economic growth of the country.

For more information, contact:
Syed Ibne Hassan
Vice President / Divisional Head (A)
National Bank of Pakistan
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: 021-99220773
Cell: 0300-8202184
Fax: 021-99212734
Email: ibne.hassan@nbp.com.pk

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