To be the pre-eminent financial institution in Pakistan and achieve market recognition both in the quality and delivery of service as well as the range of product offering MISSION STATEMENT To be recognized in the market place by Institutionalizing a merit & performance culture, Creating a powerful & distinctive brand identity, Achieving top-tier financial performance, and Adopting & living out our core values.
FINANCIALS / HISTORY OF NATIONAL BANK OF PAKISTAN National Bank of Pakistan maintains its position as Pakistan's premier bank determined to set higher standards of achievements. It is the major business partner for the Government of Pakistan with special emphasis on fostering Pakistan's economic growth through aggressive and balanced lending policies, technologically oriented products and services offered through its large network of branches locally, internationally and representative offices.NBP is looked forward to meet the expectations through Market-based products and solutions, by rewarding entrepreneurial efforts and creating value for stockholders. National Bank of Pakistan- Financial and Market Leader:
In the domestic banking industry of Pakistan National Bank of Pakistan possesses a unique position. National Bank of Pakistan was established under the National Bank of Pakistan Ordinance 1949 in Pakistan. National Bank of Pakistan is providing every possible facility to nation's socio-economic development. It also undertakes Government Treasury operations. It is the largest contributory agent of Government and Semi-Government requirements.
It acts as an agent of the Central Bank wherever the State Bank does not have its own branch. It is the largest commercial bank in the country and an agent of GOP, NBP provides a wide range of services, including collection of taxes and deliveries of salaries, pensions to public sector employees. It has lowest rates on exports and other borrowings. NBP occupies a unique position in the financial sector of Pakistan.
It is the only domestic bank of the country, which has been awarded "The Best Domestic Bank" consecutively in 2001 and 2002 by the renowned journal "The Banker UK". It is also the only domestic bank of the country which had has been compared and included by prestigious Journal "The Asia Week" with other banks in the region. The National Bank of Pakistan is also the first bank which has started a "Foreign Exchange Company" in order to facilitate the general masses, regularize the inflows of foreign money and control the undesirable blackmailing of private foreign exchange companies in the country.In year 2005, there was a radical increase in revenues and profits because of the measures taken by Mr. Ali Raza. His tasks included structural reforms and changes in administration system.
"The bank has been restructured with the objective of empowering people, reducing decision making layers and creating a business focus. In other words, trying to transform a public services institution into a commercial one."This resulted in an efficient and strong foundation for future operations. When a system goes through a major change, the results change immensely. However, same growth ad development is not expected in future because the bank will follow the new system in future and there will be no major change. Instead the revenues will grow in a bit stagnant manner. Our forecast assumptions are based on the above mentioned facts.