Comparing Public And Private Banks In Pakistan Finance Essay

August 1, 2017 Commerce

The National Bank of Pakistan came into being on 20th November 1949 under the National Bank of Pakistan Ordinance No.21 of 1949. .presently NBP central offices are in Karachi, Pakistan with over 1,295 subdivisions state broad. The bank provides both commercial and public sector banking services. It is a semipublic bank and maps like other commercial Bankss. It listed on all the stock exchanges in Pakistan. It is registered and its caput office is situated at I.I.Chandigarh Road, Karachi.The bank is engaged in supplying commercial banking and related services in Pakistan and overseas Therefore it receives financess from the depositors and provides loans/credit installations in all sectors including trade, industry and agribusiness.

It besides functions as an agent of the Central Bank and operates the exchequers at topographic points where no subdivision of State Bank of Pakistan exists. The National Bank of Pakistan was besides nationalized, along with other Bankss, in January 1974. The Bank of Bahawalpur was besides merged into this Bank. . It is the major concern spouse for the Government of Pakistan with particular accent on furthering Pakistan ‘s economic growing through aggressive and balanced loaning policies, technologically oriented merchandises and services offered through its state broad subdivisions

In Pakistan, the bank provides complete bank installations to the clients, runing even at the far lug Northern Areas. National Bank of Pakistan is the first bank in the state to present and implement supervised Ruler Credit Programmed assist little husbandman to obtain loans at his doorsills on easy footings and conditions. It has besides played a pioneering function in debut of net income and loss sharing System ( PLS ) as a major towards Islamization of economic system. The bank besides handles exchequer minutess for the Govt. of Pakistan as agent to State Bank of Pakistan

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Vision of the bank

To be recognized as a leader and a trade name synonymous with trust, highest criterions of service quality, international best patterns and societal duty

Mission statement

NBP will draw a bead on to the values that make NBP truly

the Nation ‘s Bank, by:

• Commiting a virtue and public presentation civilization

• Making a typical trade name individuality by supplying the

highest criterions of services

• Adopting the best international direction patterns

• Maximizing stakeholders ‘ value

• Dispatching our duty as a good corporate

citizen of Pakistan and in states where we operate

Core values

Highest criterions of Integrity

• Institutionalizing squad work and public presentation civilization

• Excellence in service

• Advancement of accomplishments for tomorrow ‘s challenges

• Awareness of societal and community duty

• Value creative activity for all stakeholders

NBP Board of managers

The members of the board are

SYED ALI RAZA

CHAIRMAN AND PRESIDENT

MR TARIQ KIRMANI

Director

MRS.HANIYA SHAHID NASEEM

Director

MS.NAZRAT BASHIR

Director

MR EKHLAQ AHMED

SECRETARY BOARD OF DIRECTORS

Bank of Punjab

The bank of Punjab was established in 16 November 1989, under the bank of Punjab act 1989, the first subdivision opened was the chief subdivision Lahore, in 1989 Federal Bureau of Prisons was mended as the non scheduled bank in the state of Punjab, the chief depositors of the bank is authorities because an of import aim of set uping the bank is to back up the authorities of Punjab state, in 1994 the bank was converted to scheduled bank

Now the bank is working with the web of more than 275 subdivisions all over the major concern centre of the state. The bank provides all of the basic banking services such as the sedimentations, remittals, progresss to concern, trade, industry and agribusiness, the bank besides plays a critical function in the national economic system through mobilisation of untapped local resources, advancing nest eggs and supplying financess for investing, attractive rates on all types of sedimentations, gap of foreign currency histories and handling of foreign exchange concerns such as imports and exports. Financing trade and industry for working capital demands and other money market operations.

Mission statement

Be a dynamic resource of economic development and growing for interest holders through service excellence accomplishing high criterions of professionalism, dedication, unity and squad work.

Core values

Our Customer As our first precedence.

Profitableness For the prosperity of our stakeholders that allows us to invariably put, better and win.

Corporate Social Responsibility To Enrich the Lifes of community where we operate.

Recognition and Reward For the gifted and high acting employees.

Excellence In every thing we do.

Integrity In all our traffics.

Respect For our clients and each

Bop board of managers

Name

Appellation

MR.NAEEMUDDIN KHAN

President

MR FAROOQ AHMED AWAN

Director

MR ABDUL GHAFOOR MIRZA

Director

MR JUNAID ASHRAF KHAWAJA

Director

MR RIZWAN ULLAH KHAN

Director

MR SHAFQAT MAHMOOD

Director

MR TARIQ BAJWA

Director

MR TARIQ MAHMOOD PASHA

Director

MR VIQAR AHMAD KHAN

Director

MR RAZA SAEED

SECRETARY TO THE BOARD

HABIB BANK LIMITED

Hbl was the first commercial bank to be established in Pakistan hbl has grown its subdivision web and go the largest private sector bank in Pakistan with over 1450 subdivisions in Pakistan and a client base of transcending five million clients. With a presence in 25 states holding more than 60 subdivisions It has a domestic market portion of over 40 % . It continues to rule the commercial banking sector with a major market portion in inward foreign remittals ( 55 % ) and loans to little industries, bargainers and husbandmans Habib Bank offers the basic scope of banking services to its clients, to include Commercial, bank in the emerging markets. the bank is spread outing its presence in the chief international markets like uk, uae, south and cardinal Asia, Africa and far east asia.key countries of operation encompass merchandise offering and services in retail banking hbl has the largest corporate banking portfolio in Pakistan with an active investing banking arm sme and agribusiness loaning plan and banking services are offered in rural and urban centres.

History and back land.

Habib bank was established by MR Ismail Habib on August 25 1942 at Bombay, it was the first Muslim bank of subcontinent and was started with a paid up capital of 2.5 million and with 12 subdivisions in the initial phase. After the divider in 1947, Habib Bank, at the goad of Governor-General Jinnah, moved its central offices to Karachi, Pakistan ‘s first capital. This gave Karachi its first commercial bank of the freshly formed Pakistan. The Habib household owned and managed the bank until the Pakistan authorities nationalized it on 1 January 1974.

Mission statement of Hbl

To do our clients prospers ; our staff excel and make value for stockholders.

Core values of hbl

Excellence

Integrity

Customer focal point

Progressiveness

Board of managers Hbl

Name

Appellation

SULTAN ALI ALLANA

President

R.ZAKIR MAHMOOD

PRESIDENT AND CEO

MUSHTAQ MALIK

Director

AHMED JAWAD

Director

YASIN MALIK

Director

MOEEZ JAMAL

Director

UBL

The determination to set up ubl was taken in June 1959 by Agha Hasan Abedi, and the company was registered on July 24, 1959.united bank limited started the operations on 7 November 1959 with its first subdivision at Karachi. On November 1959 the gazette of Pakistan notified and included ubl in its list of scheduled Bankss. it is one of the largest commercial Bankss in Pakistan holding more than 1120 subdivisions in Pakistan and about 18 plus subdivisions in other states like usa, uae, uk, Bahrain Qatar, Yemens, Iran etc. its two of import subordinates are united national bank limited ( unb, uk ) and united bank AG, Zurich

The bank was nationalized in 1971 along with other Bankss runing in the state by the authorities of Pakistan under the big nationalisation procedure and the two other Bankss viz. pak bank and commerce bank ltd were merge with ubl. On oct 19 2002 the biggest event occurred in the history of ubl, as ubl was privatized the authorities handed over the direction of ubl to the successful bidder pool of abu dhabi group and bestway keeping ltd and 51 % portions of ubl were transferred to them.

Servicess provided by the bank.

Consumer Banking

Commercial banking

Corporate Banking

Investing

Treasury

UBL Ameen Islamic Bank

Online banking.

Mission statement

”TO DEVELOP AND DELIVER THE MOST INNOVATIVE PRODUCT, MANAGE CUSTOMER EXPERIENCE, DELIVER QUALITY SERVICES THAT CONTRIBUTES TO BRAND STRENGTH, ESTABLISH A COMPARATIVE ADVANTAGE AND ENHANCE PROFITABILITY, PROVIDING VALUE TO THE STAKE HOLDERS OF BANK ”

UBL VISION

TO Be THE PREMIER ORGANIZATION OPERATING LOCALLY AND INTERNATIONALLY THAT PROVIDES A COMPLETE RANGE OF FINANCIAL SERVICES TO ALL SEGMENTS UNDER ONE ROOF.

Ubl board of managers

Name

appellation

SHEIKH NAHYAN MUBARIK AL NAHYAN

president

SIR MOHAMMAD ANWAR PARVAIZ

Deputy president

MR ATIF R BUKHARI

PRESIDENT AND CEO

MR OMAR ZIAD JAFFAR ALASKARI

Director

MR ZAMEER MOHAMMAD CHOWDREY

Director

MR SEERAT ASGHAR

Director

MR MUHAMMAD SAMI SAEED

Director

MR AMIN UDDIN

Director

MR ARSHAD AHMED MIR

Director

MR AQIL AHMED NASIR

Company SECRETARY

MR RAYMOND KOTWAL

CHIEF FINANCIAL OFFOCER

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