A bank is a financial institution licensed by a government. Its primary activities include borrowing and lending money. Many other financial activities were allowed over time. For example banks are important players in financial markets and offer financial services such as investment funds. In some countries such as Germany, banks have historically owned major stakes in industrial corporations while in other countries such as the United States banks are prohibited from owning non-financial companies. In Japan, banks are usually the nexus of a cross-share holding entity known as the zaibatsu. In France, bancassurance is prevalent, as most banks offer insurance services (and now real estate services) to their clients.
The NIB Bank Limited (formerly NDLC-IFIC Bank Limited) was incorporated in March 2003 as a publicly listed company. In October 2003, all assets and liabilities and all rights and obligations of the former National Development Leasing Corporation ("NDLC") and Pakistan operations of IFIC Bangladesh were amalgamated with and into NIB Bank. In April, 2004 the Pakistan operations of Credit Agricole Indosuez (the Global French bank) were also amalgamated with and into NIB Bank.
In June 2005, Temasek Holdings of Singapore through Bugis Investments (Mauritius) Pte. Limited acquired over 70 percent shares in the capital of NIB Bank. Presently NIB Bank has a countrywide network of 41 branches and 15 new branches were planned for 2007.
NIB Bank has recently acquired another local financial group, Pakistan Industrial Credit and Investment Corporation (PICIC), with nearly 170 branches. Together the bank have the 7th largest branch distribution in Pakistan, and place the bank in top-10 Pakistani banks in terms of Balance Sheet size and capital.
Habib Bank Limited (Urdu: حَبيب بينك) commonly referred to as "HBL" and head-quartered in Habib Bank Plaza, Karachi, Pakistan, is the largest bank in Pakistan. The bank has a network of over 1450 branches in Pakistan and 55 branches worldwide. 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. Overseas, it has operations in the following countries:
Habib Bank Plaza, located in Karachi, Sindh, Pakistan, is the head office of Habib Bank. It was Pakistan's tallest building upon completion in 1963. It remained the tallest building for 4 decades until the 116m tall[2] MCB Tower was completed in 2005. However, even after the MCB Tower, the Habib Bank Plaza is still the second highest building in Karachi today.
Standard Chartered Bank (Pakistan) Limited is Pakistan's oldest and largest foreign commercial bank. It employs over 9000 people in its 162 branches in Pakistan.
ational Bank of Pakistan cricket team are a first-class cricket side, one of the most successful in Pakistani domestic cricket. They have won each of the 3 trophies on offer at least once and have achieved 14 tournament wins in total. Many stars of Pakistani cricket have played for the team including Inzamam-ul-Haq, Mushtaq Ahmed and Waqar Younis.
The State Bank of Pakistan (SBP) (Urdu: بینک دولت پاکستان) is the central bank of Pakistan. While its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until January 1, 1974, when the bank was nationalized, the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. The headquarters are located in the financial capital of Pakistan, Karachi with its second headquarters in the capital, Islamabad.
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