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Moody’s, the global credit rating agency, has upgraded the long-term deposit ratings of five major Pakistani banks. These banks have seen their ratings rise from Caa3 to Caa2. In addition to the rating upgrade, the outlook for these banks has also been revised to positive from stable, reflecting an optimistic view of their future performance. …
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The State Bank of Pakistan (SBP) has designated Domestic Systemically Important Banks (D-SIBs) for the year 2024. This decision is part of the ongoing effort to ensure financial stability in the country and aligns with the framework introduced by the SBP in April 2018. The framework is designed to meet international standards while considering both …
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In a significant move towards digital transformation, the National Bank of Pakistan (NBP) has entered into an agreement with the National Radio Telecommunication Corporation (NRTC) for the procurement of Thin Client PCs. This collaboration aims to equip NBP branches and ATM hotlines with advanced technology, ensuring better customer service and operational efficiency. The agreement, facilitated …
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National Bank of Pakistan and State Life Insurance Corporation have signed a memorandum of understanding for mutual financial solutions. The agreement was signed by the President and CEO of National Bank of Pakistan, Rehmat Ali Hasnie, and Chairman of State Life Insurance Corporation, Shoaib Javed Hussain. Both organizations agreed on a business arrangement through the …
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Karachi: National Bank of Pakistan (NBP) and the Sindh Irrigated Agriculture Productivity Enhancement Project (SIAPEP), a government initiative, have signed an agreement in Karachi to promote high-efficiency irrigation systems for efficient use of water and crop productivity. The SIAPEP is providing financial assistance to eligible farmers at the rate of 60% of the total cost …
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Karachi: National Bank of Pakistan inaugurated a state-of-art, modern and fully technologically equipped Learning & Development Center at FTC Karachi on September 20, 2021 to provide latest and industry driven learning and development opportunities to its employees. The center aims to align staff goals and performance with the Banks strategy, objective and needs. The center …
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