PESHAWAR: NBP Regional Head of Islamic Banking Saima Rahim has said that NBP has achieved the remitting targets set for 2016-17 and day by day the people living aboard are using the bank for remitting purposes.
She said this during an Iftar-cum-Dinner arranged in the honor of media men here at local hotel. Regional Head Syed Waseem Ahmad, GM Operation Sohail Akhgtar, GM Crediit Shahid Majeed, and CRS Coordinator Basit Kamal and a good number of various invited guests and journalists were also present.
She said the Islamic Banking of NBP is progressing with every day passing and so far all the targets set by the bank have been achieved. She said that NBP is proud to expand its range of products and services to include Shariah Compliant Islamic Banking products, now available at our dedicated Islamic Banking Branches at Karachi, Lahore and Peshawar.
She said to set standards of best practices and performance through efficient asset allocation, and offer and develop products based on the true spirit of Islamic finance.
It is our mission to become a leading player in the growing field of Islamic Finance in Pakistan and abroad, providing depositors and shareholders in a truly SHARIAH COMPLIANT way, the best combination of returns and future growth, she said. She said products and services being offered by our Islamic Banking Branches are fully Shariah Compliant and have been certified by NBP’s Shariah Advisor.
Investment banking at NBP has also been a significant component of the bank’s portfolio of products and services offered to its client base. This area, she said, specializes in loan syndications, infrastructure and project finance as well as structuring capital markets transaction in the debt and equity arena – issuance and listing of shares and Term Finance Certificates, as well as capital-related advisory services for corporate customers.
She said, NBP is the largest public sector commercial bank in Pakistan. NBP’s strength has been recognized internationally. The NBP is a major Pakistani commercial bank, however, it provides both commercial and public sector banking services.
It is a lead player in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services.
As of March 2017 it has 1,450 branches across Pakistan with assets of approximately USD 17.2 billion, he remarked. The Bank also operates a network of 21 international branches, 2 international subsidiaries and 3 international representative offices. The Bank also has presence in the UK through United National Bank Ltd (UNBL), a banking institution incorporated in the UK.
Saima Rahim said that NBP has developed a wide range of consumer products, to enhance business and cater to the different segments of society and meet its social responsibilities. Some schemes have been specifically designed for the low to middle income segments of the population.
It has implemented special credit schemes like small finance for agriculture, business and industries, administrator to Qarz-e-Hasna loans to students, self-employment scheme for unemployed persons, public transport scheme, he said.
The Bank, she said, has expanded its range of products and services to include Shariah Compliant Islamic Banking products. It has also put in place a remittance service for overseas Pakistanis to send their money back to Pakistan.
The bank, she said, also runs the Annual Awards for Excellence in Literature that confer awards to the best books in Urdu and in all prominent regional languages. The Bank is also the largest sponsor of sports in Pakistan, she added.
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 up-gradation of the IT infrastructure and developing the human resources, Saima Rahim said.
