Introduction of National Bank
CHAPTER # 01
1. INTRODUCTION
The National Bank of Pakistan is a Commercial Bank and transacts all types of Banking Business. The National Bank of Pakistan was established on November 29, 1949 as a semi public commercial bank.
The Bank has the distinction of acting agent of the State Bank of Pakistan and operates treasuries where the State Bank of Pakistan does not have any office.
The Head Office of the Bank is at Karachi. Ever since its establishment in 1949 it has been leading Commercial Bank of the nation, sole agent of the Government of Pakistan’s batter trade with countries and of State Bank of Pakistan for the Government Treasury.
It has offices at all the major financial centers of the including at pride places likes 100 wall streets, New York and United nations Plaza. Its International net-work includes Branches at Bahrain, Cairo, Paris, Frankfurt, Hong Kong, London, Washington D. C of shore banking unit at export processing zone. Karachi and representative offices functioning at Beijing and Seoul.
In Pakistan, the bank provides complete bank facilities to the people at over 1436 Branches operating even at the far lug Northern Areas. National Bank of Pakistan is the first bank in the country to introduce and implement supervised Ruler Credit Programmed help small farmer to obtain loans at his doorsteps on easy terms and conditions. It has also played a pioneering role in introduction of profit and loss sharing System (PLS) as a major towards Islamization of economy.
In addition to the normal business operations the bank provides special loan facilities for higher education for studies abroad and Qarz-e-Hasna to deserving poor students of Medical and Engineering Colleges in Pakistan. The well equipped research department to work on the cdeveloping tredns of finance and banking, besides a very well managed library at the Head Office.
The banks carry on its business through a wide network of branches locally and internationally. These branches
1. INTRODUCTION
The National Bank of Pakistan is a Commercial Bank and transacts all types of Banking Business. The National Bank of Pakistan was established on November 29, 1949 as a semi public commercial bank.
The Bank has the distinction of acting agent of the State Bank of Pakistan and operates treasuries where the State Bank of Pakistan does not have any office.
The Head Office of the Bank is at Karachi. Ever since its establishment in 1949 it has been leading Commercial Bank of the nation, sole agent of the Government of Pakistan’s batter trade with countries and of State Bank of Pakistan for the Government Treasury.
It has offices at all the major financial centers of the including at pride places likes 100 wall streets, New York and United nations Plaza. Its International net-work includes Branches at Bahrain, Cairo, Paris, Frankfurt, Hong Kong, London, Washington D. C of shore banking unit at export processing zone. Karachi and representative offices functioning at Beijing and Seoul.
In Pakistan, the bank provides complete bank facilities to the people at over 1436 Branches operating even at the far lug Northern Areas. National Bank of Pakistan is the first bank in the country to introduce and implement supervised Ruler Credit Programmed help small farmer to obtain loans at his doorsteps on easy terms and conditions. It has also played a pioneering role in introduction of profit and loss sharing System (PLS) as a major towards Islamization of economy.
In addition to the normal business operations the bank provides special loan facilities for higher education for studies abroad and Qarz-e-Hasna to deserving poor students of Medical and Engineering Colleges in Pakistan. The well equipped research department to work on the cdeveloping tredns of finance and banking, besides a very well managed library at the Head Office.
The banks carry on its business through a wide network of branches locally and internationally. These branches