Submitted by: Submitted by sal52
Views: 1203
Words: 8278
Pages: 34
Category: Business and Industry
Date Submitted: 05/04/2011 03:45 AM
Executive Summary
The NBP was established vide NBP Ordinance No. National Bank of Pakistan maintains
its position as Pakistan's premier bank determined to set higher standards of
achievements. Growth in Deposits was accompanied by increase in Bank portfolio in
advances. NBP advances reached Rs.554.4 million by December 1959, which was one
third of the total schedule bank credit National Bank of Pakistan is the largest commercial
bank operating in Pakistan . In today's competitive business environment, NBP needed to
redefine its role and shed the public sector bank image, for a modern commercial bank.
National Bank of Pakistan is today a progressive, efficient, and customer focused
institution. The Bank has expanded its range of products and services to include Shariah
Compliant Islamic Banking products. The Bank's joint ventures are, United National
Bank (UK), First Investment Bank and NAFA, an Asset Management Company (a joint
venture with NIB Bank & Fullerton Fund Management of Singapore).Since NBP is a
commercial bank, it performs a variety of functions. Like other commercial banks, NBP
is engaged in financing international trade. Profit Before taxation shows declining trend
18% decrease in current year profit with decreasing rate of 6% this decrease is caused by
greater increase in Interest expense increase from 5% to 35% with 200% growth rate this
increase is because of greater increase in other charges with growth rate of 1655%,
Admin expense increase from 5% to 27%, Profit after tax in current year less than the
previous year because of greater increase in Current taxation by 37% as compare to last
year tax. Cash & balance with treasury Banks is increase in current year from 12% to
13% of total assets portion of balance with other banks shows decreasing trend in current
year 4.7% of total assets as compare to 4.9% and 6.4% in 2007 and 2006 respectively,
lending to financial institution decreasing other assets portion is increasing in...