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On 70th anniversary, NBP is ready to announce initiatives to meet local and global challenges

Karachi, November 15, 2019 (PPI-OT): National Bank of Pakistan (NBP) has proved itself as a leading commercial bank of the country in terms of assets and profit, and is prepared to launch initiatives for promotion of inclusive banking to meet local and global business challenges.

NBP’s President Mr. Arif Usmani, while speaking at the 70th anniversary celebration at NBP Head Office said, ‘National Bank is the backbone of national economy and we will continue to strive to do more for the nation. He added that under a new major initiative the bank would focus on the financing of Agriculture, SMEs and projects/businesses aimed at women empowerment. For this purpose, he added, a new business group had been formed to focus on these sectors and deliver results within shortest possible time.

He said strengthening of Agriculture sector is a must for the progress of our country, SMEs is the second largest and important economic sector. Earlier, people were shy to get loan from banks because of lack of information about the loan procedure. However, NBP is now organizing seminars in different areas of the country to train SMEs borrowers. These training sessions are titled ‘Certified to Borrow,’ this certificate would work as license for getting loans for SMEs and NBP would give discount in interest rate to certified SMEs borrowers.

Arif Usmani said the bank had also gone for systematic up-gradation and the use of latest technology to provide best services to its customers in the era of digitalization. NBP is prepared to move with digital revolution as around 75 million cellular phones are functional in the country and people are constantly demanding banking facilities on their phones.

He informed remorsefully that only 40 percent economy is documented and the banks are working with this portion only. Increasing the tax-GDP ratio is essential for strengthening the economy of the country and the government is taking effective steps to remove trust deficit among taxpayers.

President informed that under Kamyab Jawan Program, so far 470,000 people had applied through NBP. Its other partner banks are Bank of Punjab and Bank of Khyber. Mr. Arif Usmani also displayed the trophy won by World Snooker Champion Muhammad Asif and announced a Rs. 750,000 cash prize for his historic victory.

For more information, contact:
Vice President / Divisional Head (A)
National Bank of Pakistan (NBP)
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: +92-21-99220773
Cell: +92-300-8202184
Fax: +92-21-99212734
Email: ibne.hassan@nbp.com.pk
Website: https://www.nbp.com.pk/