Money, Finance and Banking Blog in Pakistan
Posts tagged Branch Network
Barclays Pakistan Opens Third Rural Area Branch
Feb 1st
The Barclays Bank Pakistan has opened its first branch in NWFP. The branch is on the premises of Pakistan Tobacco Company (PTC), located at Akora Khattak.
It said that Managing Director and CEO of Pakistan Tobacco Company Nicholas Hales performed the inauguration ceremony with Country Managing Director Barclays Bank Pakistan Mohsin Nathani. Also present on the occasion were senior team members of Barclays Bank, Pakistan and PTC.
The statement issued by Barclays Pakistan pointed out that Akora Khattak Branch is the third rural branch for Barclays in Pakistan and has been established to provide financial services to the employees of PTC and the More >
BankIslami Intends to Acquire EGIBL
Jan 20th
The board of directors of BankIslami Pakistan Limited has decided to enter into a memorandum of understanding (MoU) with Emirates Global Islamic Bank Limited, Pakistan in relation to a proposed acquisition or merger in such a way that BankIslami remains the surviving entity.
The transaction, however, is subject to satisfactory due diligence, regulatory consents and execution of a bidding agreement between the parties.
EGIBL started operations in February 2007 with sponsors from the United Arab Emirates and Saudi Arabia, and a business model to deliver Shariah compliant financial instruments through an urban and rural branch network. It currently has a branch network More >
National Bank to Open Branch in Saudi Arabia
Jan 19th
National Bank of Pakistan (NBP) is going to expand its operations in Saudi Arabia by opening its branch within next four to six weeks. NBP already has presence in 26 countries of the world.
This expansion is part of the bank’s policy decision in year 2002-03 to aggressively open branches throughout South Asia, Middle East and Central Asia, told Syed Ali Raza President and Chief Executive Officer of NBP.
According to him, this strategy was created in alignment with shifting “center of gravity” of business from the West to the East. Raza added that Pakistan, with its rich natural and human resources, had More >
National Bank of Pakistan to Expand Its Global Outreach
Aug 27th
National Bank of Pakistan is working to expand its global outreach by opening up in South Asia, Middle East and Central Asia, told the bank in its media statement. The bank has a very strong capital assets base of Rs880 billion, with over 1,244 branches across the country.
The bank is already serving in Afghanistan and Bangladesh, besides having direct presence in large economies like USA, Japan, France, Germany, Hong Kong, etc, and also representation in Central Asia and North America. It also has agency arrangements with more than 3000 correspondent banks worldwide.
National Bank of Pakistan (NBP), being one the few remaining More >
First Women Bank Launches Corporate Documentary
Aug 1st
The First Women Bank Limited (FWBL) will increase the network of its branches as well as products very soon, announced FWBL CEO and President Shafqat Sultana.
She was addressing the launching of FWBL’s corporate documentary film titled, “FWBL – The Icon of Women’s Economic Empowerment,” held at local hotel on Friday.
The documentary carrying comments of the beneficiary women of bank and leading women from various sectors, made in collaboration with the Canadian International Development Agency (CIDA).
The FWBL president recalled the 19 years successful history of bank and said that the bank is the world’s only bank designed, managed and run by More >
