Interbank
Foreign Exchange
NIB Bank Limited Treasury provides foreign exchange service in all major currencies with the prime objective to provide best price quotes. Our foreign exchange team manage the risk and opportunities associated with volatile FX markets. Our team-based approach allows us to maintain a high level of quality and integrity in developing and executing solutions in accordance with risk return profiles.
NIB Bank is an institution of choice amongst importers and exporters, by providing superior treasury products to its clients and assisting them in covering their currency exposures & risks, may it be local, or global currencies.
Fixed Income/ Money Market
NIB Bank Money Market Desk through a team of highly qualified professionals, manages the Liquidity and cash flow position of the bank, funding retail and corporate book.
The desk ensures and maintains optimal utilization of funds by lending/ borrowing to manage the liquidity position while dealing in Inter bank market, based on cash flows. The team runs gaps in the book based on their expert outlook, and future expectations.
July, 2009 NIB acquired the status of ‘Primary Dealer’ (PD) granted by State Bank of Pakistan (SBP). We are now among the 10 selective financial institutions that enjoy this prestigious status. The status is granted on basis of a Financial Institution’s contribution towards Inter-bank Fixed Income Securities NIB therefore, actively participates in T-Bill and PIB auctions on behalf of their clients.
NIB Bank, being a Primary Dealer (PD) can participate in the primary auctions of Treasury Bills (T-Bills) & Pakistan Investment Bonds (PIBs) conducted by State Bank of Pakistan. To facilitate small investors in entering the debt market, we assist them in participating via Non-Competitive Bids.
