The State Bank Of Pakistan (NBP) Urdu ：نیشنل بینک آف پاکستان） Is A State-owned, Multinational Commercial Bank In Pakistan, A Subsidiary Of The State Bank Of Pakistan. It Is Headquartered In Karachi, Pakistan. As Of December 2022, It Has Over 1,500 Branches In Pakistan.
The Bank Provides A Variety Of Commercial And Public Sector Banking Services, Including Debt Equity Markets, Corporate Investment Banking, Retail And Consumer Banking, Agricultural Finance, Treasury Services. In 2020, The Bank Was Designated As A Domestic Systemically Important Bank (D-SIB) By The State Bank Of Pakistan.
History
- 1949 The National Bank Of Pakistan (NBP) Was Established Under The State Bank Of Pakistan Regulations 1949 And Is Owned By The Government. Where The NBP Does Not Have Its Own Branch, NBP Acts As An Agent For The Central Bank. It Also Carries Out Government Finance Operations. Its First Branch Was Located In The Jute Growing Areas Of East Pakistan. Subsequent Offices Were Established In Karachi And Lahore.
- 1950 NBP Established A Branch In Jeddah, Saudi Arabia.
- 1955 At This Time, NBP Had Branches In London And Kolkata.
- In 1957, NBP Established A Branch In Baghdad, Iraq.
- In 1962, NBP Established A Branch In Dar Es Salaam, Tanganyika.
- In 1964, The Iraqi Government Nationalized NBP's Baghdad Branch.
- In 1965, The Indian Government Seized The Kolkata Branch During The Outbreak Of Hostilities Between India And Pakistan.
- In 1967, The Tanzanian Government Nationalized The Dar Es Salaam Branch.
- In 1971, NBP Acquired Two Branches Of Bank Of China, One In Karachi And One In Chittagong. When East Pakistan Separated, NBP Lost Its Branch There. NBP Merged With Eastern Mercantile Bank And Eastern Bank Corporation.
- In 1974, The Government Of Pakistan Nationalized NBP. As Part Of The Consolidation Of The Banking Sector, NBP Acquired Bahawalpur Bank.
- In 1977, NBP Opened An Offshore Branch In Cairo.
- In 1994, NBP Merged With Mehran Bank.
- 1997 Started Operations At The NBP Branch In Ashgabat, Turkmenistan.
- In 2000, NBP Opened A Representative Office In Almaty, Kazakhstan.
- In 2001, The State Bank Of Pakistan And The Bank Of England Agreed To Allow Only Two Pakistani Banks To Operate In The UK. NBP And United Bank Have Agreed To Merge Their Operations To Form The Pakistan International Bank, In Which NBP Will Have A 45% Stake And United Bank Will Have A 55% Stake.
- In 2002, The Pakistan International Bank Changed Its Name To The United Nations Civil Bank Limited (UNB). The Ownership Structure Of The United Nations Bank Is The Same As Before. The Only Change In The Ownership Structure Is That UNB Was Recently Privatized In Pakistan And Is Now 49% Owned By The Pakistani Government And 51% By A Foreign Consortium In Abu Dhabi.
NBP Needs To Redefine Its Role And Move Away From Its Image As A Public Sector Bank To Become A Modern Commercial Bank. It Has Sold Its 23.2% Share On The Stock Market, And While It Has Not Been Fully Privatized Like The Other Three Public Sector Banks, Partial Privatization Has Taken Place. It Is Now Listed On The Pakistan Stock Exchange.
- In 2003, NBP Opened A Branch In Kabul, Where It Installed Afghanistan's First ATM.
- In 2005, NBP Closed Its Offshore Branch In Cairo.
- In 2010, NBP Opened A Branch In Karaganda (Kazakhstan).
- In 2011, NBP Opened A Representative Office In Toronto (Canada)
A Number Of Initiatives Have Been Taken In The Following Areas: Institutional Structural Reforms, Policy And Procedural Reforms, Internal Control Systems (with Special Emphasis On Corporate Governance), Adoption Of Capital Adequacy Standards Under The Framework Of Basel III, Upgrading Of IT Infrastructure And Development Of Human Resources.
State Bank Of Pakistan Has Established An Extensive Branch Network In Pakistan With 1,450 Branches And 1,350 ATMs And Operates In Major Business Centres Abroad. The Bank Has Representative Offices In Beijing, Tashkent, Chicago And Toronto. It Has Agency Arrangements With Over 3,000 Correspondent Banks Worldwide.
The Bank Achieved Significant Growth Between 2000 And 2006. In 2016, Total Assets Were Estimated At Pakistani Rs 1,799 Billion And Total Deposits Amounted To Pakistani Rs 1,657 Billion. Profit Before Tax Increased To Pakistani Rs 37.14 Billion. Earnings Per Share Jumped To Pakistani Rs 10.69. The Growth In Profit Was Supported By Strong Growth In Core Banking Revenue. Gross Interest Income Increased To Pakistani Rs 114 Billion Through Growth In Loan Portfolio And Increase In Interest Rate Spreads. Total Advances Increased To Pakistani Rs 781 Billion. It Ranged From Providing Credit To The Unbanked Market Under NBP Karobar, To Small And Medium Enterprises, To Agricultural Loans, To Large Corporate Customers.
It Has Taken Various Measures To Facilitate Remittances By Pakistanis Abroad. In 2002, The World Bank Signed An Agreement With Western Union To Expand The Recorded Remittance Base
Subsidiary
NBP's Subsidiaries Are Taurus Securities Ltd, NBP Exchange Company Ltd, NBP Leasing Ltd, NBP Modaraba Management Company Ltd, And CJSC Bank Of Almaty, Kazakhstan. The Bank's Joint Venture Is The United Nations Bank Of China (UK). Actor - N-Link Products Ltd.
International Bureau
State Bank Of Pakistan Washington, D.C. Branch
NBP Also Has Branches/offices In The United States, United Kingdom, Canada, Germany, France, Bahrain, Egypt, Bangladesh, Hong Kong, Japan, South Korea, People's Republic Of China, Afghanistan, Turkmenistan, Kyrgyz Republic, Kazakhstan, Uzbekistan, Azerbaijan, And Saudi Arabia.
NBP Funds Management Limited
NBP Funds Is A Non-banking Financial Company Jointly Owned By The State Bank Of Pakistan And Singapore's Fullerton Fund Management Group, Which In Turn Is A Wholly Owned Subsidiary Of Singapore's Temasek Holdings Holdings.
Sports
- Crickets
NBP Has Owned A Team Since 1947 And A Venue Since 1998, Both Named After It And Both Located In Karachi. In October 2022, NBP Acquired The Naming Rights To Karachi's National Stadium.
- FOOTBALL
- Hockey
NBP Owns A Karachi-based Men's Team That Plays In The Pakistan Premier League. NBP Is Not Involved In Any Women's Team In Pakistan, However, In October 2020, Its Director Imam Baloch Publicly Praised Dia WFC. Actions To Promote Football To Poor And "backward Areas" In Karachi And Sindh.
NBP Owns A Team That Won The National Hockey Championship In 2013
