Oct 31

No disruption in transactions post cyber-attack on NBP

KARACHI: 1LINK, transaction service provider to banks, on Sunday confirmed that there was no disruption of any interoperable banking services during or after the cyber-attack on one of the major banks in Pakistan. All transactions, both financial (ATM cash withdrawal, 1IBFT-Inter Bank Funds Transfer and Bill Payments) and non-financial transactions (balance inquiry, title fetch and […]

by Hamza Shahnawaz

SBP slaps Rs280 million penalty on National Bank

Oct 29

SBP slaps Rs280 million penalty on National Bank

KARACHI: The State Bank of Pakistan (SBP) has slapped a heavy monetary penalty of over Rs280 million on the National Bank of Pakistan (NBP) for violating instructions pertaining to Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT). The central bank imposed a monetary penalty on four banks during the quarter ended September 30, 2021. […]

by Mrs. Anjum Shahnawaz

NBP announces Rs17.04 billion as half year profit

Aug 26

Money & Banking

NBP announces Rs17.04 billion as half year profit

KARACHI: National Bank of Pakistan (NBP) on Thursday announced Rs17.047 billion as net profit for half year ended June 30, 2021. The profit is 12.77 per cent higher when compared with Rs15.11 billion in the corresponding half of last year. However, there was no dividend announced. Net Interest Income (NII) of the bank settled at Rs […]

by Faisal Shahnawaz

SBP approves Rs82.6 million interest free student loan

Aug 20

Money & Banking

SBP approves Rs82.6 million interest free student loan

KARACHI: The State Bank of Pakistan (SBP) has approved an amount of Rs82.6 million as interest free loan for deserving students. The apex committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and five major banks (NBP, HBL, UBL, ABL and MCB Bank) has approved Rs 82.6 […]

by Faisal Shahnawaz

Payment of benevolent grant to be made through valid bank account

Apr 20

National

Payment of benevolent grant to be made through valid bank account

ISLAMABAD: The payment of benevolent grant and group insurance fund would be made through only valid account opened at concerned branch of National Bank of Pakistan (NBP), a statement said on Monday. All those beneficiaries who are taking benevolent grant from the Federal Employees Benevolent and Group Insurance Fund (FEB & GIF) are hereby informed […]

by Mrs. Anjum Shahnawaz

National Bank pays Rs310.29 million as penalties for regulatory violations

Mar 8

Money & Banking

National Bank pays Rs310.29 million as penalties for regulatory violations

KARACHI: National Bank of Pakistan (NBP) has paid an amount of Rs310.29 million as penalty to State Bank of Pakistan (SBP) for violating regulatory provisions. According to the financial results of the bank for the year ended December 31, 2020, the SBP imposed Rs310.59 million as penalties during the year, which was paid by the […]

by Mrs. Anjum Shahnawaz

National Bank declares 110 percent growth in quarterly profit

Oct 27

Money & Banking

National Bank declares 110 percent growth in quarterly profit

KARACHI: National Bank of Pakistan (NBP) on Tuesday declared massive growth in after tax profit by 110 percent to Rs11 billion for quarter ended September 30, 2020. According to financial result, the sharp increase in profitability may be attributed to significant rise in gain securities. The bank’s gain on securities increased to Rs3.59 billion for […]

by Mrs. Anjum Shahnawaz

NBP announces 21% decline in after tax profit

Feb 29

Corporate, Money & Banking

NBP announces 21% decline in after tax profit

KARACHI: National Bank of Pakistan (NBP) on Friday announced 21 percent decline in its annual profit for period ended December 31, 2019. The bank declared Rs15.8 billion after tax profit for the year 2019 as cmopared with Rs20.01 billion in the last year. According to unconsolidated profit and loss account, the bank declared basic earnings […]

by Mrs. Anjum Shahnawaz

NBP declares 11.12pc decline in after tax profit to Rs11.1 billion

Aug 28

Corporate, Money & Banking

NBP declares 11.12pc decline in after tax profit to Rs11.1 billion

KARACHI: National Bank of Pakistan (NBP) on Wednesday declared decline in net profit by 11.12 percent to Rs11.1 billion for the first half ended June 30, 2019. According to financial results for the half yearly ended June 30, 2019 submitted to Pakistan Stock Exchange (PSX), the bank declared after tax profit of Rs11.101 billion as […]

by Mrs. Anjum Shahnawaz

NBP provides online exchange rate facility to Pakistan Customs

May 23

Pakistan Customs, Taxation

NBP provides online exchange rate facility to Pakistan Customs

KARACHI: The Federal Board of Revenue (FBR) is receiving real time exchange rate from National Bank of Pakistan (NBP) for determination of customs valuation. FBR has decided to electronically link customs automated system WeBOC with the Treasury and Capital Markets Group of the National Bank of Pakistan so that the daily exchange rate of major […]

by Faisal Shahnawaz