one of the largest foreign banks in Pakistan with an extensive branch network spread over 52 cities across the country. It is also one of the largest corporate entities of the country with a paid up capital of PKR 103 billion. The Bank continues to serve its customers for all their financial and banking needs through its network of 170+ branches, all connected online, and 160 ATMs.
The Bank’s resolve to provide world-class financial products and services to the banking population of Pakistan is driven by its key business units including Retail Banking, Commercial Banking, Corporate and Investment Banking and Treasury Services.
|Type:||Public Limited Company|
|Traded As:||KSE: NIB|
|Industry:||Banking Capital Markets|
|Headquarter:||PNSC Building, Karachi, Pakistan|
|Key People:||Teo Cheng San, Roland (Chairman) Yameen karai (President and CEO)|
|Product:||Deposits, Consumer Loans, Wealth Management, Trade Finance, Working Capital Finance, Seasonal Finance and Medium Term Finance, Transaction Banking, etc|
|Revenue:||PKR 7.75 billion (2014)|
|Services:||Retail Banking Commercial Banking Corporate and Investment Banking|
|Parent organization:||Bugis Investments (Mauritius) Pte. Limited|
|Nib Bank:||one of the largest foreign banks in Pakistan|
|branches:||network of 170+ branches, all connected online|
|paid up capital:||PKR 103 billion|
|Subsidiaries:||Nib Bank Limited , Asset Management Arm, more|
NIB Bank started operations in October 2003 when National Development Leasing Corporation (NDLC) and the Pakistan operations of IFIC Bank were amalgamated. The Bank grew rapidly and further acquisitions took place – the Pakistan operations of Credit Agricole Indosuez were acquired in April 2004, and in 2007, PICIC Commercial Bank Limited merged with the Bank. Temasek Holdings of Singapore continues to be the largest single investor in NIB Bank, through its wholly owned subsidiary, with a stake in excess of 88%.
NIB Bank Limited
NIB Bank Limited started as NDLC-IFIC Bank Ltd. which was incorporated in March 2003 as a public limited company.
It started operations in October 2003 when all assets, liabilities, rights and obligations of the former National Development Leasing Corporation (NDLC) and Pakistan operations of IFIC Bank were amalgamated with and into the Bank with a paid up capital of Rs.1.2bn. In April 2004 the Pakistan operations of Credit Agricole Indosuez were also amalgamated with and into NIB. In March 2005 Temasek Holdings of Singapore acquired 25% shareholding in NIB Bank, through Bugis Investments. This shareholding was further enhanced to over 70% in June ’05 following an increase in NIB’s paid up capital to Rs 3.4 bn. NIB Bank has since grown rapidly from a base of 2 branches in 2003 to 45 in the 4th quarter of 2007, with a corresponding increase in its assets and deposits base.
NIB Bank’s vision is to rank amongst the top 5 banks in the country. Therefore towards the end of June 2007 it acquired majority shares of PICIC with the aim of merging PICIC and its commercial banking subsidiary PICIC Commercial Bank Limited (PCBL) into NIB. The acquisition was financed through the country’s largest private sector rights issue, with resultant increase in NIB’s paid up capital to Rs.22.0 bn. The PICIC acquisition bought with it another subsidiary “PICIC AMC” and an affiliate “PICIC Insurance”
Jobs in NIB Bank Pakistan
Information about new jobs opening in NIB Bank Limited Pakistan.. NIB Bank Limited is licensed by the State Bank of Pakistan as a regulated commercial bank. NIB Bank offer exciting challenging careers with competitive pay, excellent benefits and exceptional advancement opportunities. NIB Bank often announce jobs of Area Managers , Branch Manager , Manager Operations ,BDO, BDM , B.M, , Loan Officer , Customer Service Officer , Credit Officers , IT Managers , IT Officers , Cash Officers , Tellers and other supporting staff jobs . If you are interested to find a Job in NIB Bank .We can provide you information about latest Jobs Opening , career opportunities , jobs advertisements and vacancy announcements in NIB.
NIB bank provides services to more than 450,000 customers through a countrywide network of 179 branches all over Pakistan. It is one of the fastest growing banks in Pakistan.
Car Financing Products
NIB Auto Loan claims to offer the fastest turnaround time in Pakistan. Additional details are given below:
Visit your nearest NIB branch or call (021) 111-642-111. You can also visit find more information online here.
Features and Benefits
- Financing available for new, used and imported vehicles.
- “On Us” and “Off Us” customers are eligible.
- Competitive Fixed Mark up Rates starting from 15.75% per annum.
- One of the lowest insurance rates starting from 4.25 % with Free Tracker.
- Complimentary Accidental Life insurance of upto Rs. 500,000/=.
- Free Internet Vehicle Monitoring access to Customers.
- Hassle free documentation and easy processing.
- Co-borrower option available with immediate family members.
- Flexible tenures from 1 to 5 years.
- Financing limit from Rs. 200,000 to Rs. 1.9 million.
- Minimum Down Payment requirement starts from 20 %.
- Fastest Loan Processing in Pakistan (decision within 3 days)
NIB Banks amalgamation with MCB likely
The NIB Bank is likely to announce its amalgamation with Muslim Commercial Bank (MCB) tomorrow (Wednesday).
Documents available with The News reveal that a meeting of the Board of Directors of NIB Bank has been called on December 7 to discuss and consider the proposed amalgamation of the bank with MCB on December 7.
The official letter issued by NIB Bank management to the Pakistan Stock Exchange (PSE) on December 2 reads, “This is to inform you that an emergent meeting of the Board of Directors of NIB Bank Limited is scheduled for Wednesday, the 7th December 2016 at 10.00 am at Karachi to discuss and consider the proposed amalgamation of the Bank with and into MCB Bank Limited under section 48 of the Banking Companies Ordinance, 1962 along with other agenda items, if any. The company has declared the ‘Closed Period’ from 3rd December 2016 to 7th December 2016 (both days inclusive) as required under clause 5.19.15 of the PSX Rule Book (Code of Corporate Governance). Accordingly, no Director, CEO and Employee of the Bank shall, directly and / or indirectly, deal in the shares of the Company in any manner during the Closed Period. You may please inform the TRE Certificate Holders of the Exchange accordingly.”
jobs in Pakistani BanksNIB Bank is a an old and famous commercial bank. NIB Bank Limited is a leading commercial bank of Pakistan having many branches in country and still expanding its network of Branches in the small towns and cities of Pakistan. The Bank seeks dynamic and result oriented professionals with appropriate experience in the relative fields and fresh candidates
NIB Internet Banking
NIB Bank’s Internet Banking Service brings you the convenience, security and flexibility to access your accounts from anywhere anytime and conduct complete array of financial services.
You can review your deposit account information, make transfers between accounts and make payments of your utility and cell phone bills, within a click of a mouse
Safe Banking Practices
By understanding the fact that the system security has always been the main concern of customers at large in the use of Internet Banking, the NIB Bank is committed to ensuring the security and confidentiality of our customers’ information and transactions at all times.
To stay safe, always follow safe banking and financial practices