Tag Archives: Corporate Communication Division

National Bank of Pakistan receive Pakistan Deal of the Year Award 2011

Karachi, July 10, 2012 (PPI-OT): National Bank of Pakistan (“NBP”) has received “Pakistan Deal of the Year Award 2011″ for acting as Inter-creditor Agent as well as Lead Arranger and Advisor with regards to financing of two Renewable Wind Energy Power Projects of 50 MW each in the country.

The two power projects are Pakistan’s first ever 100% Islamic financed Renewable Energy Power Project which has also set a new precedent in terms of Islamic financing structure in the local banking sector. According to NBP here on Tuesday, Group Chief of Corporate and Investment Banking Group Mr. Nadeem A Ilyas and Head of Investment Banking Mr. Rehmat Ali Hasnie received the award from Islamic Finance News (“IFN”) based in Malaysia at a recently held ceremony in Dubai in relation to the transactions.

The deal included arrangement of PKR 6 billion under Musharaka (Shirkat ul Milk) Finance Facility with a consortium of local banks and a foreign debt component of USD 134 million being provided under Ijarah Finance Facility by Asian Development Bank (“ADB”) and Islamic Development Bank (“IDB”) whereas NBP has acted as Inter-creditor Agent for both local and foreign lending group. The Finance Facility Agreements of these two projects were signed in May 2012 whereas the construction of the projects is expected to commence in August 2012.

For more information, contact:
Syed Ibne Hassan
Vice President,
Corporate Communication Division
National Bank of Pakistan
Tel: +9251 9922073
Cell: +92300 8202184

National Bank of Pakistan Dedicated Regional IT Centre Lahore in Memory of Arfa Karim Randhawa

Karachi: President and CEO NBP, Mr. Qamar Hussain inaugurated and dedicated Regional IT Centre Lahore in memory of Arfa Karim Randhawa, the world’s youngest Microsoft professional. Arfa Karim Randhawa was awarded number of national and international awards for her remarkable achievements at a very young age.

Arfa Karim is also the recipient of the President’s Award for Pride of Performance, a civil award usually granted to people who have shown excellence in their respective fields over a long period of time. She is also the youngest recipient of this award.

President NBP, while inaugurating IT Data Centre Lahore said that Arfa Karim is truly Pakistan’s pride. She is a youth icon, a role model for generations to come and for that very reason we have named our Data Center after her. It is sad that we have lost her at such young age, however the charisma around her personality and achievements should be used to motivate our youth.

Recently National Bank of Pakistan has put special emphasis on automation and online banking. Having remotest branch network in far flung areas, NBP has converted its entire branch network on-line in 2 provinces Gilgit/Baltistan (all 14 branches) and Baluchistan (all 62 branches). Federal Capital, Islamabad (all 24 branches) is also completely online.

From Sind province 219 out of 226; from Punjab 522 out of 632; from Khyber Pakhtoonkhaw 123 out of 212; from Azad Kashmir all 88 branches have been made completely online. From all regions of the Bank, 10 regions, namely Sukkur, Quetta, Larkana, Gilgit, Gwadar, Islamabad, Jhelum, Karachi South, Lahore Central and Lahore East are also completely online. Cumulatively the Bank has converted its more than 1000 branches online out of its countrywide network of 1271 branches.

NBP has recently initiated a number of IT projects to make the bank one of the most technologically advanced financial institution in the country. Currently the Bank is in the implementation phase of Core Banking System which is one of the largest IT projects in Pakistan and covers all the banking functions.

For more information, contact:
Syed Ibne Hassan
Vice President,
Corporate Communication Division
National Bank of Pakistan
Tel: +9251 9922073
Cell: +92300 8202184