Nib BANK LIMITED M.A.

Jinnah Road
Okara

BY:

Kashif Ali S/O Muhammad Ashiq M.Com Finance Roll No. 405

Presented to:

Dr. Mujhid Ali

Government College of commerce SAHIWAL

DEDICATION

I would like to dedicate my efforts for making this report a genuine report first to my Parents whose support is always there where no can be. I would also like to dedicate this effort to my Friend Aubaid Raza who provides a lot of support for making this Report.

ACKNOWLEDGEMENT

In the name of Allah who is the most merciful and the most beneficent.

I am highly thankful to the staff of NIB Bank M.A.Jinnah Road Okara. I extend my gratitude to all those persons with out whose corporation successful execution of this would have not been possible.

I would also like to thank my teachers who have given me this opportunity and I would also like to acknowledge the love and support extended to me by my family.

Kashif Ali

M.Com (Finance)

Introduction
IB 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 IFICs 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 grown rapidly from 2 branches in 2003 to around 240 post merger in the first quarter of 2008, with a corresponding increase in its deposits and assets base. 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). NIB also has a shareholding in NAFA, an asset management company, along with National Bank of Pakistan and Fullerton Asset Management Company. Legal merger of PICIC & PCBL into NIB took place on 31st December 07 ,once all regulatory approvals were obtained. Number of branches then increased from 45 to 240. Post merger NIB total assets increased to Rs. 176.6 bn as of 31st December 2007, further increasing to Rs 180 bn as of 31st September 08. Present paid up capital of Rs. 28.4 bn is second highest amongst banks. NIB is now the 7th largest bank in Pakistan in terms of branch network. Temasek Holding remains the largest single shareholder with approximately 63% shareholding. NIB has almost 7000 employees and over 450,000 customers. NIB business units include: 1. 2. 3. 4. Small Medium Enterprises and Commercial Banking Group. Corporate and Investment Banking Group. Consumer and Small Enterprise Group. Treasury and Financial Institutions Group.

These are supported by 10 business enabling functions.

Vision and Mission Our Mission: To improve the quality of life for millions Our Core Purpose: Enabling success; Realizing dreams Our Vision: To be the most admired Financial Institution in Pakistan Our Values:

Passion I am driven I am committed I am determined I believe in what I do I embrace life

Excellence I strive for better I exceed expectations I am constantly improving I always try to get it right the first time I produce error free, superior quality work

Fairness I am impartial I judge on merit I dont expect favours I listen to both sides I reward what you do not who you are Integrity

Respect Passion Excellence Fairness Behaviors: Integrity I do what I say I am honest and forthright I never compromise my values I am open and honest in all my dealings I have the courage to stand up for what I believe to be true

Respect I appreciate different viewpoints I am receptive to the diversity of ideas I treat others as I would want to be treated I look after the community in which we live and work I contribute to the care and comfort of those around me

History of the Bank

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". NIB already has a shareholding in NAFA, an Asset Management Company (AMC) whose shareholders also include National Bank of Pakistan and Fullerton Fund Management Company; thus NIB Groups asset management business has also increased, while it has diversified into the insurance business as well. The legal merger of PICIC & PCBL into NIB took place on December 31, 2007, once all regulatory approvals were in place. NIB Bank continues to be led by Khawaja Iqbal Hassan, supported by four business heads and ten business enabling function heads. The merger resulted in a vastly expanded network of 240 branches and total assets of Rs 176.6 bn on merger date. NIB has the second highest paid up capital of Rs. 28.4 bn amongst banks and ranks number 7 in terms of distribution network. Merger synergies include lower cost deposits, enhanced customer service delivery channels and overall improved efficiencies. These help provide a competitive edge in the face of increasing competition in the banking sector. Temasek Holdings continues to be the largest single investor in NIB Bank with approximately 63% shareholding. The powerful franchise of the three merged entities has been brought together to form a much larger and stronger bank to complete in the market place. Going forward management is confident that the combined bank will be a top performer delivering a wide range of financial services through an extensive branch network. The asset management arms and insurance affiliate are also expected to perform well and provide an attractive dividend stream for NIB.

Management Profile:

President

Khawaja Iqbal Hassan: President and CEO Khawaja Iqbal Hassan is the President and Chief Executive Officer of NIB Bank. NIB Bank is the fastest growing commercial bank in Pakistan and has recently acquired controlling shares in Pakistan Industrial Credit and Investment Corporation (PICIC) and PICIC Commercial Bank. Mr. Iqbal Hassan is the founder of NIB Bank, which he created in 2003 through the merger of Pakistans then largest leasing company, NDLC, and the domestic branches of IFIC Bank. This was followed by an acquisition of the domestic branches of the French bank, Credit Agricole Indosuez. Mr. Iqbal Hassan was the driving force behind the creation of National Fullerton Asset Management Company (NAFA) which is Pakistans fastest growing and best performing asset

management company. NAFA is a joint venture between NIB, National Bank of Pakistan and Fullerton Fund Management, a subsidiary of Temasek Holdings. Prior to starting NIB, Mr. Iqbal Hassan conceptualized and founded Global Securities in 1994. Global is one of the largest and most active corporate finance and securities houses in Pakistan. In 1996 Global became a joint venture partner of UBS AG, one of the largest banks in the world and continues to work with UBS AG in Pakistan. Global holds an unmatched success record of having completed over 55% of all privatizations in Pakistan. Global Securities was nominated as the Best Domestic Equity House in Pakistan by Asia money magazine in 2005. Landmark transactions managed by Global include the largest IPO in terms of number of investors (KAPCO); the largest IPO in terms of rupee value (Habib Bank); the largest domestic bond offerings (KESC and PIA); the first sub-debt issue by a commercial bank in Pakistan (MCB); buy-side advisories for the privatization of Habib Bank and United Bank, and domestic advisory on the only exchangeable bond offering for the Government of Pakistan. Global was also domestic advisor for the US$ 2.6 billion privatization of Pakistan Telecom. Global has also served as the adviser for the restructuring of PIA on two occasions. While at Global Mr. Iqbal Hassan was nominated by the Government of Pakistan to serve on various national level task forces aimed at restructuring the capital markets, taxation and the banking sector. Before starting Global Securities Mr. Iqbal Hassan was the Regional Business Group Head and Vice President for Citibank in Pakistan. He was responsible for managing Citibanks Local Corporate Group, Financial Institutions Group, Product Development and Securities Services Groups. Mr. Iqbal Hassan also served internationally as the Corporate Bank Head and Vice President, in Istanbul, Turkey on secondment to Saudi American Bank, a managed-affiliate of Citibank. Mr. Iqbal Hassan was the founder of the bank in Turkey where he envisioned and implemented the banks business plan focused on fee-based merchant banking and commercial banking businesses, fixed income and foreign exchange arbitrage. Prior to that Mr. Iqbal Hassan served as the Unit Head of the Construction Division of Saudi American Bank in Riyadh. He started his banking career at the Special Projects Team in Citibank New York where he was deployed on the task forces that re-scheduled foreign debt and conducted the de-freezing of assets of developing countries. Mr. Iqbal Hassan obtained his Bachelor of Science degree in Business Administration from the University of San Francisco in 1980 from where he graduated with academic honors and majored in Finance and Marketing. He also holds a degree in Accountancy from the City of London Polytechnic. In addition to his contributions to the development of the financial and banking sectors in Pakistan Mr. Iqbal Hassan serves/has served as a Board member of the following companies:

NIB Bank Limited.

PICIC. PICIC Commercial Bank. PICIC Insurance. National Fullerton Asset Management Company Limited. Civil Aviation Authority of Pakistan. Pakistan Steel Mills Limited. Habib Bank Limited. Global Securities Pakistan Limited. Citicorp Investment Bank Pakistan Limited. The Pakistan Fund. The Central Depository Company of Pakistan Limited.

In view of his contributions to the field of banking and finance, Mr. Iqbal Hassan was conferred the Sitara-i-Imtiaz, Pakistans highest civilian award in 2007.

Board of Directors:

Francis Andrew Rozario Tan Soo Nan Tejpal Singh Hora Asif Jooma Syed Aamir Zahidi Willie Wai Kong Chan Khawaja Iqbal Hassan

Chairman Director Director Director Director Director Director and President / CEO

Mahmudul Haq Bhuiyan Director

Corporate Governance:

Being aware of our responsibilities under by the Code of Corporate Governance issued by the Securities and Exchange Commission of Pakistan, the following statements are made with regard to the corporate and financial reporting framework to meet with the requirement of the Code:

The financial statements prepared by the management of the Bank present fairly its state of affairs, the result of its operations, cash flows and changes in equity. Proper books of account of the Bank have been maintained. Accounting policies have been consistently applied in the preparation of financial statements and accounting estimates are based on reasonable and prudent assessments. International Accounting Standards, as applicable in Pakistan, have been followed in the preparation of financial statements. There are no doubts upon the Bank's ability to continue as a going concern. There has been no material departure from the best practices of corporate governance as detailed in the listing regulations of the stock exchanges of Pakistan. There are no statutory payments on account of taxes, duties, levies and charges which are outstanding, except as disclosed in the financial statements.

Ownership Profile:
NIB BANK LIMITED Stockholders' Information as at March 31, 2008 Particulars Shareholding Associated Companies / Undertakings, 1,836,574,505 Related Parties, Directors, Chief Percentage 64.5834

Executive Officer, and their spouse and minor children NIT & ICP 39,521,142 Banks, Development Financial Institutions, Non Banking Financial 60,087,321 Institutions Insurance Companies 17,742,331 Modarabas and Mutual Funds 35,900,180 Public Sector companies & 260,084,704 Corporations General Public (including local & 426,277,678 foreign individual) Foreign Companies 31,159,336 Others 136,379,879 Shares held by 28,177 Shareholders 2,843,727,076

1.3898 2.1130 0.6239 1.2624 9.1459 14.9901 1.0957 4.7958 100.0000

Company Secretary Profile:

Aurangzeb Amin: Corporate Secretarial & Legal Group Head (SLG)

Mr. Aurangzeb Amin started his career by working in New York City as a foreign law consultant and thereafter as Attorney-at-Law (New York State Bar Association), for 4 years after completing his education. He was enrolled as an Advocate by the Punjab Bar Counsel in September 1999 and as Advocate High Court in September 2001. Mr. Aurangzeb returned to Pakistan in 2002 and has since worked for Syed Afzal Haider, Senior Advocate Supreme Court and two major Pakistani law firms of wide international repute, Surridge and Beecheno (Lahore office) and Orr, Dignam & Company (Karachi office).

Mr. Amin specializes in litigation and arbitration in corporate, banking, international trade, shipping and oil & gas matters. Whilst with Orr, Dignam and Company, he also worked on a number of privatizations, representing prospective purchasers as well as the Privatisation Commission. Mr. Amin joined NIB as the company secretary in November, 2006. He holds B.Sc. and LL.B degrees from Pakistan and an LL.M from Temple University Law School, Philadelphia, PA. USA.

Auditors:

M. Yousuf Adil Saleem & Co. (MYASCO) is auditor of NIB Bank since 2003. MYASCO is one of the leading firms of chartered accountants in Pakistan providing professional services to a large number of clients in all major industrial and service sectors.

Year of Establishment 1972 A member firm of DELOITTE TOUCHE TOHMATSU - one of International

Affiliation Associated Company Offices in Pakistan

the world's leading professional services firms. M. Yousuf Adil Saleem and Associates (Pvt.) Ltd. Management Consultants. Karachi Islamabad Lahore Multan

Temasek Shareholding:

Incorporated in 1974, Temasek Holdings is a global investment firm headquartered in Singapore. Supported by affiliates and offices around the world, it holds and manages a diversified S$185 billion (US$134 billion) portfolio as at 31 March 2008, concentrated principally in Singapore, Asia and the OECD economies. Temasek's investment strategies centre on four themes - Transforming Economies, Thriving Middle Class, Deepening Comparative Advantages and Emerging Champions with its portfolio of companies coming from nine major sectors: financial services; telecommunications and media; transportation and logistics; real estate; infrastructure, industrial and engineering; energy and resources; technology; life sciences; and consumer and lifestyle. Total shareholder return for Temasek since its inception in 1974 has been more than 18% compounded annually. It has a corporate credit rating of AAA/Aaa by rating agencies Standard & Poor's and Moody's respectively.

Company Information:

Chief Financial Officer Rayomond Kotwal DM. Yousuf Adil Saleem & Co. Chartered Accountants Auditors Rizvi, Isa, Afridi and Angell Advocates and Corporate Legal Advisors Counsellors Audit Committee Tan Soo Nan Chairman Syed Aamir Zahidi Member Mahmudul Huq Bhuiyan Member Company Secretary Aurangzeb Amin

Share Register

Registered Office UAN Email URL Credit Rating Long Term Short Term:

THK Associates (Pvt.) Limited, Ground Floor, State Life Building # 3, Dr. Ziauddin Ahmed Road, Karachi 75530 UAN: (021) 111 000 322 MuhammadiHouse I.I.ChundrigarRoad, Karachi 74000 UAN: (021) 111-333-111. 111-333-111 communications@nibpk.com www.nibpk.com AAA1+

Life Banking
Lifebanking will assist you in managing all your banking needs at your office, you no longer have to stand in long queues or get stuck in traffic jams. With your busy working schedule, Lifebanking would take care of all your financial matters giving you more time to spend with your dear ones. We aim at becoming your sole banking partner so you can enjoy every moment.. Lifebanking offers solutions for cash flow requirements, saving & investment needs and for day to day financial transactions. If you are a salaried individual, Lifebanking offers you: Life Salary Account: One account from where you can manage your entire monthly expenses. Services at your office. Assistance in saving for future. Wide range of financing available to cater to all your needs. Automatic payments for utility bills & monthly installments. More than 100 ATMs across Pakistan

Life Salary Account:

Life Salary Account is a PKR current account that will provide the convenience of managing the cash outflows for the month. Every month the companies would either disburse your salary in these accounts or you can directly deposit it in your Life Account.

Payment of utility bills, fees, loans etc, would be tagged to this account. If you want us to save for you, we will maintain a certain amount each month. Products and services availed by the employee would be tagged to this account and individual can manage all bill/fee payment, savings and investment and repayments via this account. Features: A current account with zero minimum balance requirement. Free of charge ATM card for your usage. Automatic payments of bills and fees.

Benefits: Hassle free payments for your dues directly through your account. All products and services tagged to your salary account.

Life Profit Account:

Life Profit Account is a PKR saving account providing saving avenues for the salaried individual. With minimal balance requirement and ease of opening this account the customer can start depositing the monthly small contributions to this account and earn profit based on daily balance on these savings.

Features: Profit account opened with a balance of Rs. 5000. Saving amount can be transferred to Life Profit Account simply through: o Payroll Accounts. o Inter Bank Funds Transfer Banks on One link and IBFT certified. o Cheque. o Cash.

Life Committee:

Life Committee is a unique product that combines the benefits of a saving plan with an insurancecover.

It enables households to regularly put aside a portion of their income for savings to achieve their desired amount while also availing the financial security of an insurance plan. Life Committee enables our valued customers a highly accessible, convenient and attractive avenue for regular savings by providing increasing incentives over time.

Features: Minimum monthly deposit amount starts from as low as Rs.1000. Save at your convenience and become entitled for bigger bonus(es) as you continue to save. * Insurance coverage option available equal to 65 times of the monthly contribution amount. ** Free Current or Savings checking account with all applicable features. No partial encashment allowed. In case of encashment the entire scheme would terminate, including the insurance cover. No early encashment charges applicable from 7th monthly contribution onwards. The contribution will be deducted on the tenth (10th) of every month or in the event of insufficient balance being available on the 10th, on any such other two (2) dates of that month as may be determined by the Bank.*** * Applicable after completion of 24 payments, bonus increases after every 12 contributions. ** Only for Customers applying for Depositors Insurance Option (DIO) & applicable in case of death or permanent accidental disability (terms and conditions applied). *** Revised deduction dates applicable to all existing Customers of Life Committee Plan. Benefits: Get additional bonus installments after every 12 payments (first bonus payment to start after completion of 24 payments. The longer you continue, the higher the bonus contributions you earn. The customer can opt for Depositors Insurance Option for no extra charge. This represents coverage for Life and Permanent Total Disability up to 65 times his monthly contribution or a maximum or Rs. 2 million whichever is lower. Life Committee is a unique product that combines the benefits of a savings plan with an insurance cover. It enables savers to regularly put aside a portion of their income across their savings horizon to achieve their desired amount while also availing the financial security of an insurance plan. It also enables our valued customers a highly accessible, convenient and attractive avenue for regular savings by providing increasing incentives over time. The customer can see his money grow with an absolute peace of mind. Highlights: Life Committee provides for a Forced Savings Avenue for the customers. It also allows the customers the Convenience to contribute to their growing savings. It provides Safety and Security of your money with a reputable organization. It provides Free insurance coverage incase of an unforeseen event.

 It provides for Growth in savings with bigger bonuses over time. It provides Free checking account facility without minimum balance requirement. Pricing: Annualized rate of expected return ranges from 3.90% to 5.15% depending upon the number of contributions and tenor. Contribution Deduction Date * The Monthly Contribution amount will be deducted on the Deduction Date which is the tenth (10th) of every month from the customers specified account or in the event of insufficient balance being available in the customers specified account on such date, such other two (2) dates as may be determined by the Bank, at which time the account will be deducted directly to make the Monthly Contribution payment. Such deduction of the Monthly Contribution amount shall continue to be valid until the termination of the Life Committee Plan. * Revised deduction dates applicable to all existing Customers of Life Committee Plan.

Life Personal Installment Loan:

Life Personal Installment Loan provides personalized financing so you can quickly pay off your liabilities, meet marriage expenses, make vital investment in your childs education or simply refurnish your house.

PIL Insurance:
NIB provides funds to our customers facing financial constraints. You are also provided an optional life insurance plan to ensure support for your loved ones in the time of need.

Life Auto Financing:

NIB Auto Finance is an installment based financing and provides you with the facility of buying a new or a used car with a minimum 10% down payment with other product benefits. Auto Loan Insurance

NIB launched Auto Loans with the intent of providing the customers an insured vehicle with tracker. This allows you to feel immense security while using the vehicle.

Life Corporate Loan:

Life Corporate Loan is an installment based loan for salaried individuals, secured by the employer guarantee. This facility is only available to employees of companies having secured loan agreement with NIB Bank Limited. This loan would assist in meeting short-term and long-term needs of a salaried individual without having any impact on the provident fund balance accumulated and the returns on the provident fund.

Life Cash Guard:

Life Cash Guard safeguards your cash withdrawn through ATMs and Over-the-Counter against the risks of forced snatching through armed hold-ups or burglaries. We offer a pre-underwritten insurance coverage in two different packages to our customers in collaboration with New Jubilee Insurance Company Limited.

Features: The two plan options available for CashGuard are as follows: Maximum Cover (per event and in aggregate per month)* ATM Over the Counter Rs. 20,000/Rs. 40,000/Rs. 50,000/Rs. 100,000/-

Option/ Coverage Plan A Plan B

Monthly Service Charges Rs. 190/Rs. 230/-

* The insurance cover would be applicable for a period of one month (from the date of enrollment to the same date of the next month), provided that the service charges are paid for every month. Benefits: Payments are made automatically by debiting your account. Convenience at your doorstep. Quick turnaround time for claim reimbursement. Coverage for all ATM transactions from any bank in Pakistan. Coverage for all cash transactions from any NIB branch in Pakistan. Easy to subscribe and unsubscribe.

Highlights: Convenience for the customer. Offers 24/7 coverage for all your cash transactions.

Life Future:

We all feel that it is important to plan for tomorrow and everyone wants to set aside some money for a rainy day. But very few of us actually follow the discipline of investing and protecting our own and our familys future. NIB joined hands with EFU Life Assurance Limited to bring for its customers a long term savings and investment plan along with a protection plan that keeps pace with their changing needs at every stage of life. Be it a child's future or an early retirement plan, NIB is there to prepare for all the important milestones in a customer's life and protects loved ones in unexpected times of trouble. Features: Convenient and affordable investment and insurance plan. Payments can be made automatically by debiting your account or by making payments through any other means to the branch. Long term saving along with life insurance plan incase of your unfortunate death. Life Future has been partitioned into four plan types namely: o Long Term Investment and Savings o Marriage Plan o Education Plan o Retirement Plan

Benefits: Valuable investment and insurance benefits. Investment plan based on your current age, contribution payments and circumstances.

Highlights: Convenience for the customer. Assists in making future plans more fruitful.

ATM:

At NIB Bank we are dedicated towards providing our valued customers with the state of the art banking facilities. Our ever expanding Branch network currently spreads over 240 locations in major metropolis of Pakistan with 90 strategically located NIB Onsite and Offsite ATMs. These 90 integral ATMs combined with more than 1800 accessible ATMs on 1-Link & M-net network, makes Life ATM card the most reliable and convenient alternative. Life ATM cards gives you the power to access your bank account, anywhere anytime from over 1800 ATMs network across Pakistan. You can withdraw cash from your account, transfer funds to any 1-Link member bank account, make funds transfer within NIB Bank, pay your utility bills and mobile bills, top-up /recharge your prepaid connections, purchase electronic prepaid vouchers and enjoy the convenience of these products.

NIB Phone Banking:

Bank at your convenience

NIB Phone Banking is a distinctive and efficient 24/7 Non-Stop Banking service available for NIB customers. It is a virtual medium for existing and prospect customers to fulfill their day to day financial needs through the telephone. Call our phone banking at 0800-00039 and make use of our phone banking for the following: Product Information Loan Account Information

Product Information Application Status Installment Repayment Inquiry Account Inquiry

Branch Banking Information Deposit Account Services

ATM Card Services

Balance Inquiry ATM Card Activation ATM Card Blocking ATM PIN and TPIN Generations ATM Card status and inquiry ATM cash disputes Updating customer personal information Funds Transfers Bill Payments Mobile top up and other payments Inquiry Complaints Activations Deactivations TPIN and ATM PIN Change Loan Installment Details Last 5 transactions Balance Inquiry Product Information

Value Added Services DirectPay - Bill Payments

CashGaurd ATM insurance

IVR Services

Life Direct Pay:

Life DirectPay is a convenient bill payment and funds transfer facility whereby you can instruct instant payment of your bills and transfer funds from your NIB bank account at your own convenience and luxury. Your payments are made quickly and conveniently, and you no longer have to track payment due dates, wait in long queues or suffer late payment charges. You can easily pay your bills or transfer your funds through ATMs and/or Phone Banking 24 hours a day, 7 days a week. You can also ensure automatic payment of your bills and transfer of funds from your NIB bank account by setting up directdebit instructions and specifying your payment schedule.

Features:

Life DirectPay offers the following services: 1. Utility Bill Payments: This service is available at ATM, Phone Banking and Branches. It is available for both one-off and DirectDebit and only for the following companies: KESC. SSGC. SNGPL. PTCL.

2. Mobile Bill Payments and Prepaid Mobile Top-up: This service is available at ATM, Phone Banking and Branches. It is available for both one-off and DirectDebit and only for the following companies: Ufone. Zong. Mobilink.

3. Fund Transfers: Within NIB This service enables customers to transfer funds from their NIB account to any other NIB account. This service is available at ATMs, Phone Banking and Direct Debit. Inter-Bank Funds Transfer This service is only available at ATMs and only for transfers to accounts of the following banks: Royal Bank of Scotland (formerly ABN Amro) Askari Commercial Bank Allied Bank Bank AL Habib Bank Alfalah Bank Islami Pakistan Limited Habib Bank Limited Soneri Bank Limited Tameer Micro finance Bank Limited Union Bank Limited / Standard Chartered United Bank Limited

4. Purchase Prepaid Vouchers: This service allows customers to withdraw prepaid vouchers for a wide array of mobile companies, internet service providers and calling card companies through their nearest. ATMs Mobile Mobile Prepaid vouchers for the following companies are available through Life DirectPay. Warid. Mobilink. Zong. Ufone. Telenor.

Internet Internet Prepaid vouchers for the following companies are available through Life DirectPay. Cybernet. Gerrysnet. On Speed. Si3.

Calling Cards Calling Card vouchers for the following companies are available through Life DirectPay. PTCL. VPTCL.

Note: To unsubscribe or modify from DirectPay DirectDebit subscription, the customer has to call Phone Banking and request the Phone Banker to unsubscribe or modify the DirectDebit instructions.

Benefits: Payments are made automatically by debiting the customers account. Convenience for the customer.

Customers no longer have to track payment due dates. Customers no longer need to wait in long queues. Customers no longer need suffer late payment charges. No tension for monthly bill payments and transfers. After each DirectPay transaction, the customer is notified via email and SMS alerts. The service is FREE. It is easy to subscribe and unsubscribe to the service.

Salaam Banking
Salaam is an everyday salutation, a special tribute, a mark of admiration, an expression of respect that is communicated through a gesture, a nod, a salute or a handshake. By saying Salaam we mean to pay homage to the people belonging to consumer mass market which includes small enterprises (retailers, traders & services). We commit to serve these hard working people with a strong belief that we are privileged to be their banking partner. We will assist them in their business financial needs by providing them basic and advanced banking services at their door step and we will do it with dedication and respect because they value respect more than any thing. Our unique proposition provides our customers with: Basic and modern banking facilities. Account opening with no minimum balance requirement. Dedicated relationship officers to assist and consult for financial matters. Branch presence close to customers. Business loans, Insurance and other value added services provided through one stop shop.

Salaam Business Account:

The Salaam Business Account is a Pak Rupee current account with value added transactional services designed specifically for the Salaam segment.

Features: The savers can subscribe to other services including: ATM, Salaam DirectPay, Salaam Cash Guard, Salaam Committee and Salaam Sahulat (Cash Collection Services). Fully dedicated relationship officer for the customer. No minimum balance requirement. No limitations on the number of withdrawals and deposits through any channel.

Benefits: Minimal charges on nationwide online transactions to any Salaam and NIB Bank Limited fast expanding network. No online transaction charges through a growing network of Salaam and NIB Bank Limited branches. All other Banks ATM can also be used by paying a nominal charge.

Highlights: Convenience of monthly bill payments through one-off or standing payment instructions acceptable at branch and call center as well as all front end channels to be added in the future (e.g. mobile banking). The customer will also be able to make the regular payments for other Salaam products availed (such as loans and insurance) through direct debits to the same Salaam Business Account.

Salaam Committee:

Salaam Committee is a unique product that combines the benefits of a saving plan with an insurance cover. It enables households to regularly put aside a portion of their income for savings to achieve their desired amount while also availing the financial security of an insurance plan. Salaam Committee enables our valued customers a highly accessible, convenient and attractive avenue for regular savings by providing increasing incentives over time.

Features: Minimum monthly deposit amount starts from as low as Rs.1000. Save at your conveSave at your convenience and become entitled for bigger bonus(es) as you continue to save. * Insurance coverage option available equal to 65 times of the monthly contribution amount. ** Free Current or Savings checking account with all applicable features. No partial encashment allowed. In case of encashment the entire sIn case of encashment the entire scheme would terminate, including the insurance cover. No early encashment charges applicable from 7th monthly contribution onwards.

The contribution will be deducted on the tenth (10th) of every month or in the event of insufficient balance being available on the 10th , on any such other two (2) dates of that month as may be determined by the Bank.*

Benefits: Get additional bonus installments after every 12 payments (first bonus payment to start after completion of 24 payments. The longer you continue, the higher the bonus contributions you earn. The customer can opt for Depositors Insurance Option for no extra charge. This represents coverage for Life and Permanent Total Disability up to 65 times his monthly contribution or a maximum or Rs. 2 million whichever is lower. NIB Committee is a unique product that combines the benefits of a savings plan with an insurance cover. It enables savers to regularly put aside a portion of their income across their savings horizon to achieve their desired amount while also availing the financial security of an insurance plan. It also enables our valued customers a highly accessible, convenient and attractive avenue for regular savings by providing increasing incentives over time. The customer can see his money grow with an absolute peace of mind.

Highlights NIB Committee provides for a Forced Savings Avenue for the customers. It also allows the customers the Convenience to contribute to their growing savings. It provides Safety and Security of your money with a reputable organization. It provides Free insurance coverage incase of an unforeseen event. It provides for Growth in savings with bigger bonuses over time. It provides Free checking account facility without minimum balance requirement.

Pricing Annualized rate of expected return ranges from 3.90% to 5.15% depending upon the number of contributions and tenor. Contribution Deduction Date * The Monthly Contribution amount will be deducted on the Deduction Date which is the tenth (10th) of every month from the customers specified account or in the event of insufficient balance being available in the customers specified account on such date, such other two (2) dates as may be determined by the Bank, at which time the account will be deducted directly to make the Monthly Contribution payment. Such deduction of the Monthly Contribution amount shall continue to be valid until the termination of the NIB Committee Plan.

*Revised deduction dates applicable to all existing Customers of NIB Committee Plan.

Salaam Business Loan:

Salaam Business Loans are designed solely for business purposes and can be used for working capital, purchase of assets, office renovation, business debt consolidation etc.

Features: Loan amounts ranging from Rs. 10,000 to Rs. 10,000,000. Flexible tenure ofFlexible tenure offered from 3 months to 10 years. Prepayment option Prepayment option available.

Benefits: Ease in application processing. Fastest way of raising money for your business. Personalised services and financial consultancy. Highlights: Credit Life insurance Option available. Business Insurance cover provided in case of fire and allied perils and burglary.

Salaam Mortgage
A term loan extended for business purposes such as working capital, purchase of inventory / stock, machinery, furniture / fixtures, business expansion and debt consolidation, secured against property.

Mortgage Loan Insurance: NIB is also working towards allowing you to fulfill your long term needs of building a home by simply applying for a mortgage loan along with which you will be able to insure your homes in assistance with the bank. Features: Higher loan amounts.

Longer terms.

Benefits: Lower interest rates. Floating rates will be available in future.

Highlights: Customized mortgage loan according to customer requirement. Financing available against residential as well as commercial property.

Salaam Sahulat:

Salaam Sahulat is a unique banking facility introduced by NIB bank. It provides customers the opportunity to deposit cash from the comfort of their business premises. Mobile cash officers (MCO) can be contacted through the telephone. The MCOs are equipped with GPRS enabled POS terminals which provide them with the functionality of a teller suite in their hands. Customers are issued cash receipt through these terminals which serve as alternatives to conventional deposit slips.

Features: Cash collection at customers doorstep. Issuance of receipt at customers premises. Collection of amounts up to Rs. 100,000. Nominal charges.

Benefits: Customers cash is insured upon issuance of receipt. GPRS enabled POS terminals capable of performing live transactions. Ability to deposit money in any Salaam Banking account.

Highlights: Customer can perform unlimited transactions per day. Only bank in Pakistan to offer this service.

Community Banking
Community banking offers you a wide array of NIB products and services made available in your local community. At NIB we believe that people who live and work in proximity with you understand your needs better. Being embedded within your local community, we are aware of your daily challenges and are prepared to provide you financial solutions. So come bank at NIB Community Banking because we know that nobody understands you better than your Community Banker.

SME and Commercial Banking

Small Medium Enterprises and Commercial Banking Group (SMEC) began its operations in June 2006. Within a short span of time, SMEC has developed business solution expertise in many areas. These include and are not limited to necessary infrastructure, management information systems and a competent human resource capability of 1000 plus employees. Through these resources, we offer a diverse range of products catering to private sector enterprises having an annual sales turnover between PKR 30 Million to PKR 1 Billion. We at SMEC aim to become a dominant player in Pakistan with an aggressive growth trajectory fortified with teamwork and full inculcation of sales and credit programs. At SMEC we know that delivering your everyday banking needs in the right way is critical to your success. We can do this and much more for you, with people who understand your business needs and ambitions. They also provide you with award-winning service and solutions. We are committed to helping your business succeed today and in the future.

Once your business is established and growing, you need to work with people who understand your business banking needs and can help you achieve your ambitions. Talk to us, well support you every step of the way. In recent years SMEC has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network of 35 branches across Pakistan. We at SMEC offer you the safest option to place your deposit (CA, SA & TD) at our branches, as we proudly claim to be the strongest bank of Pakistan with the highest paid up capital of 40 Billion. SMEC offers you Chain Management Facility where you can speed up your business transactions with your buyers and suppliers via our counter and online transactional features coupled with superior service through any NIB branch across Pakistan. We at SMEC provide you one window solution, where you can not just avail loans to cater your regular business or trade requirements but you can also enjoy chain management benefits through our extensive branch distribution footprints.

Financing Facilities:

Short Term Loan: At Small Medium Enterprises and Commercial Banking Group (SMEC) short term demand loans are offered to satisfy immediate & seasonal needs of clients with satisfactory track record. Short-term demand loans provide a good source of working capital for your business and need to be secured by adequate collateral.

Running Finance: At Small Medium Enterprises and Commercial Banking Group (SMEC) we have got a great flexible business loan for your general business needs. You can use it for short-term finance, such as settling a bill or purchasing inventory, or for working capital growth. Under this type of financial accommodation the borrower is allowed withdrawal in the current account to the extent of the limit sanctioned. The facility is generally provided against pledge or hypothecation of goods or any other tangible security acceptable under the credit program. You would be required to adjust the advance periodically or within a specific period. The loan may be renewable annually depending upon the agreed terms.

Long Term Financing:

Planning to acquire equipment, plant & machinery, commercial trucks and other assets for your operation needs? Or do you require a long-term loan for land and building? We can assist you in meeting your business needs with minimal initial capital outflow and hassle. Our credit package offers innovative packages that are flexible and customizable to meet your specific needs. Long-term loans extended by Small Medium Enterprises and Commercial Banking Group (SMEC) will be of over 12 months with a fixed repayment schedule. SMEC considers the extension of term loans to those transactions that fulfill the following conditions:

Transaction Solution:

SME and Commercial Banking is focused on providing you with financial solutions and takes into account the parameters to provide exclusive and tailored product and services. We excel at: Foreign Exchange. Mark up rate risk. Inflation and credit risk.

Trade Finance:

To support your global business needs, SME and Commercial Banking offers you a full suite of trade finance solutions to facilitate as well as finance your trade transactions, be it international or domestic. Our years of experience in supporting businesses of similar nature mean we have the expertise and speed to handle your transactions. You will find our services fast, reliable and friendly. As business horizons expand internationally, life becomes more complicated. Our teams work hard to keep life simple. We are dedicated to: Providing professional guidance and excellent delivery. Working together to achieve your trade and treasury objectives. Supporting you every step of the way.

Trade Products & Services:

In a fast moving, uncertain global marketplace, companies face significant risks in managing their trade activities. SMEC assists clients with their importing and exporting activities and finds the right solutions to realize their trading ambitions. We deliver a complete range of products & services for import and export trading activity. From straightforward, traditional trade products and techniques to modified and structured trade finance solutions, whatever your import or export needs, whether you want to improve your liquidity through supply chain financing, manage counterparty or country risk, or structure complex trade finance contracts, NIB Banks SMEC team works with you to provide the best solutions for your business.

Guarantees:

To protect you against currency fluctuation, SMEC provides services to hedge against foreign exchange risks for foreign currency payments expected to be made or received by you. In the normal course of business we issue the following guarantees: Performance Guarantee At the request of the customer, SMEC issues a performance guarantee, guaranteeing completion of work or supplies, as per terms of contract. Bid Bond NIB Banks issues bid bond in lieu of deposit of earnest money against bids for tenders. Letter of Credit Stand-by letter of credit is used as a substitute for the commonly used performance bond. This type of letter of credit may be issued to cover non-trade transactions and to guarantee performance of a contractor as supplier Advance Payment Guarantee

At your request we will guarantee you the amount of advance payment for satisfactory performance of a contract or other work as specified in the guarantee. It ensures that: Instrument obligates SMEC to pay the guaranteed amount or the adjusted part thereof, without any dispute regarding improper use of the advance funds. Guarantee shall become operative only upon receipt of the advance money by SMEC for credit to your account. (This clause is incorporated in the guarantee).

Security Deposit Guarantee At your request SMEC will issue you a guarantee in lieu of security deposit, generally to utility service organizations. Retention Bond SMEC also provides Retention Bond facilities to its customers.

Chain Management:

In today's competitive market place, effectively managing cash flow can make a difference between success and failure. SMEC offers a wide range of collection and payment services to meet your complex chain management needs through effective utilization of our wide-span distribution footprint. We help you manage payments received from your buyers and made to your suppliers by efficiently processing them to optimize your cash flow position and to ensure the effective management of your business' operating funds. The flow of receivables and payables can also be seen through our customized and tailored solutions. Above all, our quick adaptation of the latest technology differentiates us from the other competing banks. At SMEC, we offer you a complete range of chain management solutions. Our chain management solutions are there to support you through:

Online Real-Time Funds Transfer: SMEC has deployed a new online real-time funds transfer system which enables an instantaneous transfer of funds, speeding up the flow of money, and enabling more efficient

utilization of your financial resources with businesses and individuals. Its an online, real time and a secure system that is now being used by all the customers for electronic payments made on accounts of their customers or on their own account. The processing and settlement of such transactions takes place in real-time, online mode, with final and irrevocable intra-day settlement. This means that anyone, whether an individual, a business organization or a bank itself, can make electronic payments to whomsoever they like, with the value of such payments received almost instantaneously, as against two to four days previously.

A Wide network of Branches: Our wide network of branches enables us to collect, maintain, and disburse your funds in a way that minimizes the risk of misuse, maximizes profitable cash flow, and supports your operations and mission. It helps us to deliver you better services but also to reach remote customers. Through an extensive branch network in todays scenario, chain management results in: Significant savings in time, decrease in interest costs. Less paper work & greater accounting accuracy. Quick business transactions with no hassle Creates more control over time & funds. Provides timely access to information. Results in faster reconciliation. Earns interest income or reduces interest expenses. Allows Corporations with subsidiaries worldwide to pool everything internationally so that the company can offset the debts with the surplus from various subsidiaries. The end result will transform treasury function as a profit centre by optimizing cash and putting it to good use.

Treasury and Institutional Banking

In todays dynamic world with its financial complexities, it is imperative that you have access to innovative, cutting edge financing and risk management solutions that are tailor-made to suit your needs, and an attractive range of diversified investment options backed by world-class expertise and experience.

NIB Bank Limited boasts one of the finest Treasuries in Pakistan, providing corporate and individual clients with a wide selection of products ranging from the traditional to the customized. From products that meet the demands of liquidity, cash flow management, interest rate fluctuations and risk management etc. to specialized Investment Services, we have exactly what youre looking for. Our expert team gives you solutions that are efficient and accurate, matched by state-of-the-art technology that provides the very latest tools for prompt execution, seamless delivery, and a world-class service.

Money Market:

NIB Bank Limited Money Market Desk Manages Liquidity and cash flow, Funding retail and corporate book, Maintains and manages the liquidity while dealing in Inter bank market as well as lending/borrowing swaps & other derivative tools.

Fx Trading and Advisory:

NIB Bank Limited Treasury provides full foreign exchange service available in all major currencies with the ability to monitor and track prices.

Treasury Marketing Unit:

At NIB Bank Limited, we develop and execute a full spectrum of products and services for our clients. Our substantial and diversified client base includes corporate, commercial, consumer, and high net-worth individuals. We offer a broad range of products ranging from traditional Interest Rate products and Foreign Exchange to FX Options and derivatives. As the global environment becomes ever more competitive, finding the most innovative and creative solutions to our clients' needs will remain the most important competitive advantage for our business. At Treasury, we are committed to judging our success by one simple standard: Our ability to help our customers excel in their ambitions. Looking Ahead Weve made good progress, but it is important for us to remember that weve only just begun. As a result of the strong foundation NIB Bank Limited has laid and the clear path that has been established for the future of Treasury, we believe we are in a great position to lead the growth and development of the business line translating into long-term, sustainable growth for NIB Bank Limited and all its stakeholders.

Foreign Exchange:

As a premium provider of traditional and value added Treasury services, NIB bank Limited provides its customers and consumers with effective and efficient execution of Treasury products. We cover all major financial centers and we are just a phone call away. Our foreign exchange team helps institutional, corporate, and commercial clients to manage the risk and opportunities associated with volatile FX markets.

Structured Solutions:

At NIB Bank Limited, we appreciate that each client is unique with a different risk/return profile. As such, we take pride in our ability to structure investment products that are tailored to match those very unique requirements.

With access to a full range of market instruments, our team provides tailor-made structured products linked to a range of underlying exposures, including: Interest Rates Foreign exchange

We seek to provide our clients with the broadest possible range of opportunities around the world. Our global relationships, coupled with our understanding of economies, markets, industries, and cultures, help us to consistently deliver high quality products and service time and again. Our team-based approach allows us to maintain a high level of quality and integrity in developing and executing solutions for our clients' requirements. We are committed to identifying, creating, and providing access to the best and most innovative investment ideas and opportunities for each of our clients, helping them build and structure their investment ideas in today's complex and challenging environment.

Contact us

You can contact us on the following:

Contact Us Online Click Here to register your complaints and suggestions. Email Us communications@nibpk.com Call Us Call our phone banking to talk to our phone banker @ 0800-00039 UAN: (City Code) 111-333-111 Fax: 021-2417503

Write to Us at Customer Services, CSEG NIB Bank Limited, Muhammadi House, P.O. Box 6942, I.I. Chundrigar Road, Karachi 74000

Joint Venture Partner:

NAFA is a Non-Banking Finance Company with a license to perform Asset Management Services as per the NBFC Rules, 2003. The main sponsors of NAFA are National Bank of Pakistan, NIB Bank Limited and

Alexandra Fund Management Pte. Ltd., (a member of Fullerton Fund Management Group, Singapore, which in-turn is a wholly owned subsidiary of Temasek Holdings, Singapore). NAFAs main area of business is Investment Management; more specifically floating and managing mutual funds and discretionary management of institutional portfolios.

The Vision To establish NAFA as a premier Asset Management Company that capitalizes on the technical and institutional strengths of its promoters to consistently offer creative and pioneering domestic and international products to meet varying needs of investors.

Mission Statement To rank in the top quartile in performance of NAFA mutual funds and portfolios relative to the competition, and to consistently offer superior risk-adjusted returns to investors. Values (A, B, C, D and E of NAFA) Offer investors best value for money by following these behaviors and values:

A. Pro-Active - Introducing pioneering investment products & managing risk B. Brain Power- Hiring, training, rewarding & retaining professionals. C. Caring for Customers- Understanding investors needs, and risk / return profile before offering them investment solutions. D. Dynamic- Believing in decentralization, Entrepreneurship & continuous improvements. E. Ethics- Zero-tolerance policy for unethical behavior.

Pakistans largest commercial bank with total assets of Rs. 795 Billion and deposits of Rs. 592 Billion (As on June 30th, 2008). A distribution network of over 1200 domestic and international branches. Net profit has risen from Rs. 1.1 Billion in 2001 to over Rs. 17.4 Billion by 2007. Awarded Bank of the Year 2001, 2002, 2004 & 2005 by the world renowned The Banker Magazine Financial Times Group, London, UK. Euromoney magazine, a leading journal in its issue of March 2005, listed NBP among the Top 100 Banks of Asia being the only Pakistani bank in the list. Best Foreign Exchange Bank in Pakistan 2005 & 2006 by Global Finance Magazine. Best Return on Capital for 2006 amongst all Banks in Asia. - Bankers Magazine in July 2007. Stable AAA/A-1+ (Triple A/A-One Plus) rating (Standalone Basis) by JCR-VIS in July 2007

Originated through a merger of NDLC and IFIC Bank, commencing operations in October, 2003. Acquired Pakistan branch operations of Credit Agricole Indosuez in April, 2004. Temasek Holdings acquired 73% stake in NIB Bank in June 2005. Through its acquisition of a controlling stake in PICIC (Pakistan Industrial Credit & Investment Corporation Ltd.) and in turn in PICIC Commercial Bank, NIB has a network of 215 branches, total assets of Rs 177.9 billion and total deposits of Rs 125.1 billion. Through PICIC, NIB also controls PICIC Asset Management Co. with assets under management of Rs 21.981 bn as at June 30, 2007 Total equity of NIB Bank is PKR 18.081 billion in June 30, 2007. One of the fastest growing commercial banks in Pakistan. Rated A+ (Long term)/A1 (Short Term) by Pakistan Credit Rating Agency Limited (PACRA). On rating watch with positive outlook.

Alexandra Fund Management Pte. Limited is a member of the Fullerton Fund Management Group. Fullerton Fund Management Company (FFMC) was established in 2003 as a wholly owned subsidiary of Temasek Holdings, Singapore (a US$62 billion Investment Company rated AAA by both Moodys and Standard and Poor). FFMC, based in Singapore, is managing billions of US Dollars that are invested globally. Investment team comprises nearly 30 investment professionals; majority of whom are CFA Charter holders. Committed to being an Asian specialist with extensive Asian network. Experience in both relative and absolute returns strategies.

Come Bank with Us

NIB Bank an experience beyond banking NIB Bank provides an experience beyond banking offering varied product and services to a diverse range of customers. We walk with our customers, speak in their language, and provide aspirations to succeed. We realize that every idea needs nurturing, that every dream needs a safe harbor and every vision needs support. We, at NIB Bank are partners in prosperity. At NIB, we bring experience and expertise together to provide exceptional levels of service in banking and financial advisory.