Pakistan is running a wide range of banks which supports the country financially and economically. National Bank of Pakistan is one these banks, it is one of the largest commercial bank in Pakistan. It’s shortly known as NBP. NBP’s head quarter is in Karachi and has the network of 1,280 branches in the country. It has been modified to modern commercial bank from public sector organization; it also works as an agent to the State Bank of Pakistan and supports many trusts through public funds. It plays a major role in the market due to its diversified business setup. National Bank of Pakistan has also promoted retail and consumer banking, corporate investment banking, agricultural financing, and treasury services. National Bank of Pakistan has developed the small and medium enterprises of the country; National Bank of Pakistan also supports the society by fulfilling its social responsibilities.
In 2007, it has the assets worth USD 12.293 billion. It serves individual, government and commercial sector. It is now listed on the Karachi Stock Exchange, due to the partial privatization; it is the only bank which is not completely privatized and where as the other three banks are privatized. NBP has invested 23.2 percent share in the stock market. NBP Saiban, NBP Karobar, NBP Kisan dost, NBP Advance Salary and NBP Cash n Gold are the schemes that are brought to the low segments of the population by the bank. The bank has even produced the consumer products for business stability. The bank has facilitated the population by better and improved schemes which include business and industries, finance for agriculture, provided loans to students i.e. Qarz-e-hasna, for unemployed people self employment schemes were introduced by the bank and public transport scheme. The bank increased its range of products and services to include Shariah Compliant Islamic Banking products.
Annual Awards for Excellence in Literature were introduced by the bank to promote literature and the bank will grant annual awards to the best book in Urdu and all other regional languages as well. It also supports the sport of the country and help by giving money where needed. The bank has made easy to transfer money from one place to another, this facility is also available for the people living in abroad. The agreement was signed between the bank and Western Union to make the facility better. It has also introduced an ATM card which makes the process of getting money easier.
Electronic Home Remittances Project has also been started; according to this project the inward remittances are efficiently handled. About 1250 branches have been built by the bank in Pakistan and operate in major centre board. They have arranged agencies with more than 3000 banks worldwide. The bank has performed remarkably well in the recent years. About PKR 635 billion assets are estimated in 2006, while deposits have grown to nearly PKR 502 billion. In 2006, shares have increased to PKR 24.01 and the interest income increased to PKR10 billion through growths in the loan collection and advances increased by PKR 48 billion to PKR 316 billion. The bank is trying to make better policies to handle the risk of credit concentration