Comparing Public And Private Banks In Pakistan Finance Essay

Published: November 26, 2015 Words: 1441

The National Bank of Pakistan came into existence on 20th November 1949 under the National Bank of Pakistan Ordinance No.21 of 1949. .presently NBP headquarters are in Karachi, Pakistan with over 1,295 branches country wide. The bank provides both commercial and public sector banking services. It is a semipublic bank and functions like other commercial banks. It listed on all the stock exchanges in Pakistan. It is registered and its head office is situated at I.I.Chandigarh Road, Karachi .The bank is engaged in providing commercial banking and related services in Pakistan and overseas Therefore it receives funds from the depositors and provides loans/credit facilities in all sectors including trade, industry and agriculture.

It also functions as an agent of the Central Bank and operates the treasuries at places where no branch of State Bank of Pakistan exists. The National Bank of Pakistan was also nationalized, along with other banks, in January 1974. The Bank of Bahawalpur was also merged into this Bank. . 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 nation wide branches

In Pakistan, the bank provides complete bank facilities to the customers, 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. The bank also handles treasury transactions for the Govt. of Pakistan as agent to State Bank of Pakistan

Vision of the bank

To be recognized as a leader and a brand synonymous with trust, highest standards of service quality, international best practices and social responsibility

Mission statement

NBP will aspire to the values that make NBP truly

the Nation's Bank, by:

• Institutionalizing a merit and performance culture

• Creating a distinctive brand identity by providing the

highest standards of services

• Adopting the best international management practices

• Maximizing stakeholders' value

• Discharging our responsibility as a good corporate

citizen of Pakistan and in countries where we operate

Core values

Highest standards of Integrity

• Institutionalizing team work and performance culture

• Excellence in service

• Advancement of skills for tomorrow's challenges

• Awareness of social and community responsibility

• Value creation for all stakeholders

NBP Board of directors

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 branch opened was the main branch Lahore, in 1989 bop was mended as the non scheduled bank in the province of Punjab, the main depositors of the bank is government because an important objective of establishing the bank is to support the government of Punjab province, in 1994 the bank was converted to scheduled bank

Now the bank is working with the network of more than 275 branches all over the major business center of the country. The bank provides all of the basic banking services such as the deposits, remittances, advances to business, trade, industry and agriculture, the bank also plays a vital role in the national economy through mobilization of untapped local resources, promoting savings and providing funds for investment, attractive rates on all types of deposits, opening of foreign currency accounts and handling of foreign exchange businesses such as imports and exports. Financing trade and industry for working capital requirements and other money market operations.

Mission statement

Be a dynamic resource of economic development and growth for stake holders through service excellence achieving high standards of professionalism, dedication, integrity and team work.

Core values

Our Customer As our first priority.

Profitability For the prosperity of our stakeholders that allows us to constantly invest, improve and succeed.

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

Recognition and Reward For the talented and high performing employees.

Excellence In every thing we do.

Integrity In all our dealings.

Respect For our customers and each

Bop board of directors

NAME

DESIGNATION

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 branch network and become the largest private sector bank in Pakistan with over 1450 branches in Pakistan and a customer base of exceeding five million customers. With a presence in 25 countries having more than 60 branches It has a domestic market share of over 40%. It continues to dominate the commercial banking sector with a major market share in inward foreign remittances (55%) and loans to small industries, traders and farmers Habib Bank offers the basic range of banking services to its customers, to include Commercial, bank in the emerging markets. the bank is expanding its presence in the principal international markets like uk , uae, south and central asia, Africa and far east asia.key areas of operation encompass product offering and services in retail banking hbl has the largest corporate banking portfolio in Pakistan with an active investment banking arm sme and agriculture lending program and banking services are offered in rural and urban centers.

History and back ground.

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 branches in the initial stage. After the partition in 1947, Habib Bank, at the urging of Governor-General Jinnah, moved its headquarters to Karachi, Pakistan's first capital. This gave Karachi its first commercial bank of the newly formed Pakistan. The Habib family owned and managed the bank until the Pakistan government nationalized it on 1 January 1974.

Mission statement of Hbl

To make our customers prospers; our staff excel and create value for shareholders.

Core values of hbl

Excellence

Integrity

Customer focus

Progressiveness

Board of directors Hbl

NAME

DESIGNATION

SULTAN ALI ALLANA

CHAIRMAN

R.ZAKIR MAHMOOD

PRESIDENT AND CEO

MUSHTAQ MALIK

DIRECTOR

AHMED JAWAD

DIRECTOR

YASIN MALIK

DIRECTOR

MOEEZ JAMAL

DIRECTOR

UBL

The decision to establish 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 branch at Karachi. On November 1959 the gazette of Pakistan notified and included ubl in its list of scheduled banks. it is one of the largest commercial banks in Pakistan having more than 1120 branches in Pakistan and almost 18 plus branches in other countries like usa ,uae ,uk, Bahrain Qatar,yemen, Iran etc. its two important subsidiaries are united national bank limited (unb,uk) and united bank AG ,zurich

The bank was nationalized in 1971 along with other banks operating in the country by the government of Pakistan under the large nationalization process and the two other banks namely 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 government handed over the management of ubl to the successful bidder consortium of abu dhabi group and bestway holding ltd and 51 % shares of ubl were transferred to them.

Services provided by the bank.

Consumer Banking

Commercial banking

Corporate Banking

Investment

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 directors

Name

designation

SHEIKH NAHYAN MUBARIK AL NAHYAN

chairman

SIR MOHAMMAD ANWAR PARVAIZ

Deputy chairman

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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