National Bank Of Pakistan (NBP)

History Of National Bank

national bank of pakistan

The National Bank of Pakistan was set up in Pakistan in 1949. National Bank has the main office in Karachi and follow to Lahore,

1950 NBP set up a branch in Jeddah, Saudi Arabia.

1955 NBP had branches in London and Calcutta.

1957 NBP established a branch in Baghdad, Iraq.

1962 NBP established a branch in Dar es Salaam, Tanganyika.

1964 The Iraqi government nationalized NBP’s Baghdad branch.

1965 The Indian government takes hold of the Calcutta branch on the outbreak of fighting between India and Pakistan.

1967 The Tanzanian government nationalized the Dar es Salaam branch.

1971 NBP get the Bank of China’s two branches, one in Karachi and one at Chittagong.

 At the distribution of East Pakistan from West Pakistan NBP lost its branches there..

1974 The government of Pakistan nationalized NBP.

1977 NBP opened an away form land brain Cairo.

1994 NBP combine Mehran Bank.

1997 NBP branch in Ashgabat, Turkmenistan start working.

2000 NBP opened a papular office in Almaty, Kazakhstan.

2001 State Bank of Pakistan and Bank of England agree to allow only 2 Pakistani banks to operate in the UK. NBP and United Bank agreed to combine their working to form Pakistan International Bank, of which NBP would personal 45% and United Bank 55%.

2002 Pakistan International Bank renamed itself United National Bank Limited (UNB). The ownership structure of the UNB remained as before. The only change to the shareholding structure. UNB had recently been privatized in Pakistan and was now private the Government of Pakistan and 51%.

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NBP needed to redefine its role and shed the public sector bank image, for a modern commercial bank. It has offloaded 23.2 percent share in the stock market, and while it has not been completely privatized like the other three public sector banks,.

2003 NBP opened its branch in Kabul, and the first ATM in Afghanistan was installed there.

2005 NBP closed it’s away from the land branch in Cairo.

2010 NBP opened its branch in Karaganda (Kazakhstan).

2011 NBP opened its representative office in Toronto (Canada).

National Bank of Pakistan branch in Washington, D.C.

NBP also has branches in the USA, UK, Canada, Germany, France, Bahrain, Egypt, Bangladesh, Hong Kong, Japan, South Korea, The People’s Republic of China, Afghanistan, Turkmenistan, Kyrgyz Republic, Kazakhstan, Uzbekistan, Azerbaijan, and Saudi Arabia.

About NBP: 

National Bank of Pakistan is one of the largest commercial banks and it’s operating in Pakistan. It has redefined its role and has moved from a public sector organization into a modern commercial bank. Banking Pk’s services are available to individuals, corporate institutes, and the government.

  NBP needed to redefine its role in the public sector bank image, for a modern commercial bank. It has loaded a 23.2 percent share in the stock market, NBP is not a completely private bank like the other three public sector banks.

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It is now listed on the Karachi/Islamabad/Lahore Stock Exchanges. National Bank of Pakistan is today a modern, efficient, and customer-focused on the institute. It has developed an open area of consumer products.

Banking Pk has applied special credit schemes like small finance for agriculture, business, and industries, administrator to Qarz-e-Hasna loans to students. Banking Pk is also the largest sponsor of sports in Pakistan.

National Bank of Pakistan has built a large branch network of 1361+ branches in Pakistan and operates in major business centers abroad. The domestic branch network has been automatic and is online. Banking Pk has popular offices in Beijing, Tashkent, Chicago, and Toronto.

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