NBP crosses record Rs 1 trillion bench mark
Leads in agriculture financing with Rs 45789.5 million loan Corporate Communication & Brand Management Division Head Syed Ibne Hassan in a special interview
National Bank of Pakistan ( NBP) has become the first ever bank of the country to cross the ‘ One Trillion Rupee’ bench mark with more than 16,500 employees and 1,283 branch network across Pakistan and 23 overseas branches and representative offices in four countries.
The bank is engaged in providing commercial banking and related services in Pakistan and overseas. The bank also handles treasury transactions for the Government of Pakistan (GOP) as an agent to the State Bank of Pakistan (SBP). This was stated by National Bank of Pakistan Corporate Communication & Brand Management Division Head Syed Ibne Hassan in a special interview with Daily The Pak Banker on Tuesday. He said that due to dynamic leadership of President Qamar Hussain & Chief Operating Officer (COO) Dr Asif Brohi NBP has been able to make its mark in the financial world. Hassan said that among so many other achievement agricultural financing is worth praising.
“NBP is leading in agriculture credit financing to other banks and financial institutions in the country by lending Rs 45789.5 million (106% of achievement) among nearly 241,296 farmers as on 30th June 2012, against a target of Rs 43200 million. NBP’s total outstanding of Rs. 41527.657 million (108% of achievement) during one year exceeded by Rs 3027.657 million as on 30th June 12, rising against a target of Rs 38500 million,” he informed, adding that out of total 1,283 domestic online branches, 875 are involved in catering to the needs of farmers while it offers complete range of commercial banking services, on the key areas is lending to farmers. He said during the period the percentage of non-performing loans of NBP was about 7.6 percent as on June 30, 2012 compared to 15 percent average NPL’s of commercial banks in agricultural. The other distinguishing feature of NBP is the competitive mark up rate, which is lower than the rate being charged by other commercial banks.
To a question about the satisfaction level of the share holder, Hassan said that NBP ‘s management had done a marvelous job for its share holders this year by increasing its after tax profit by Rs11.8 billion as compared to the last year’s figures. In terms of percentage, this increase is around 4% as compared to last year’s profit. This provides the earning per share to its shareholders at Rs6.38. Shareholders earned last year Rs 6.16 last year.
While talking about the good will of the bank at the international level the corporate communication head proudly said that the Bank also received Deal of the Year Award from The Banker magazine during the year.
“The Banker Magazine (UK) has honoured NBP with ‘Bank of the Year’ Awards in 2008, 2010 and 2011 and listed among the top 1,000 banks of the world for 2012. Global Finance Magazine has awarded NBP as the “Best Emerging Markets Bank (2011)”. He said that from Corporate and Retail Banking to Agriculture and Islamic Banking, NBP is offering valuable services in almost all the areas of banking. Apart from this NBP has taken major steps in the areas of risk management, information technology, operations and human resources.
Talking about capacity building of the bank employees, he said that the bank strongly believes in hiring young energetic employees and also attracting, developing and retaining good quality professionals. NBP organised training for over 25 General Managers (Credit) of the Bank from all over the country in Karachi. The objective of this program was to further develop their analytical and professional skills for effectively processing of credit pro- posals, augmenting credit monitoring skills and through analytical approach recognise early signals for non-performing loans,” Hassan said, adding that focus of the training was also to expand credit to farmers and other small & medium enterprises to generate more employment in these industries by helping them to be financially viable.
Hassan said that NBP besides offering employment opportunities to the disabled people in discharge of its Corporate Social Responsibilities (CSR) has taken another initiative to impart them training to transform them to useful bankers and be able to serve the society in a better way to gain recognition and respect. Under the Umbrella of Training and Organisation Development Group such trainings have already been conducted for the disabled employees of Sahiwal, Multan, Bahawalpur, D.G Gujranwala, Sialkot etc.
He said that NBP Training Center, Peshawar will be conducting training program for all its disabled employees working in Northern Areas including KPK Province and in due course all parts of the country will be covered under this training. NBP has commenced Foree Cash and Foree Transfer home remittance services with Ria Financial services, a wholly owned subsidiary of Euro net World-wide. He also shed lights on introducing latest technology in the field by telling that first ever Solar ATM is launched by NBP at Defence Housing Society Branch, Korangi Road Karachi. This ATM functions with solar energy without its much dependence on generated electricity and NBP further intends to install ATMs on solar energy so as to use natural resources without misuse of generated electricity and fuel.