Categorie: IPO / Secondary Offering
Submitted about 1 month ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
National Bank of Pakistan is the largest commercial bank of Pakistan. The bank handles treasury transactions for the Government of Pakistan as agent to the State Bank of Pakistan. The bank has a branch network of 1,232 branches in Pakistan and 18 overseas branches including the Export Processing Zone Branch. It also provides services as trustee to National Investment Trust including the safe custody of securities on behalf of NIT.National Bank of Pakistan was established on November 9, 1949 under the National Bank of Pakistan Ordinance, 1949 in order to cope with the crisis conditions which were developed after trade deadlock with India and devaluation of Indian rupee in 1949. Initially, the bank was established with the objective to extend credit to the agriculture sector. The normal procedure of establishing a banking company under the Companies Law was set aside and the bank was established through the promulgation of an ordinance due to the crisis situation that had developed with regard to financing of jute trade.It commenced its operations from November 20, 1949 at six important jute centres in the then East Pakistan and directed its resources in financing of jute crop. Its Karachi and Lahore offices were opened in December 1949. The nature of responsibilities of the bank is different and unique from other banks and financial institutions. The bank acts as an agent to the State Bank of Pakistan for handling the provincial ...
More...
Submitted about 1 month ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
0 comments ↓