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NIB Quick Facts
  • NIB started as NDLC-IFIC Bank which was incorporated in March 2003, as a public limited company
     
  • Started operations in October 2003 with paid up capital of Rs. 1.2bn with amalgamation of NDLC and of IFIC’s Pakistan operations and their assets & Liabilities, and subsequently those of Credit Agricole Indosuez Pakistan in April 2004
     
  • Temasek Holdings acquired 25% shareholding in NIB in March 2005 through Bugis Investments which was enhanced to over 70% in June 2005
     
  • NIB has branches all over Pakistan.
     
  • NIB vision is to rank amongst top 5 banks in Pakistan. Therefore it acquired majority shares of PICIC on June 28 2007, which gave control of its subsidiaries (a commercial bank –PCBL, an asset management company - PICIC AMC and PICIC Insurance).
     
  • Legal merger of PICIC & PCBL into NIB took place on 31st December ’07, once all regulatory approvals were obtained.
     
  • Total assets as of March 31, 2011 are Rs. 150 bn. Present paid-up capital of Rs. 40.4 bn is amongst one of the highest in banks in Pakistan. Temasek Holdings remains the largest single shareholder with approximately 74% shareholding.
     
  • NIB has over 2900 employees.
     
  • NIB business units include:
  • Retail Banking and Transaction Banking
  • Small Medium Enterprises and Commercial Banking Group
  • Corporate and Investment Banking Group / Financial Institutions
  • Treasury of Capital Market Group
These are supported by 12 business enabling functions.
 
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