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February 11, 2016 10:28 AM ET

Banks

Company Overview of NIB Bank Limited

Company Overview

NIB Bank Limited, a scheduled commercial bank, provides retail, commercial, corporate, and investment banking services in Pakistan. It operates through Wholesale Banking, Consumer, and Commercial segments. The Wholesale Banking segment offers deposits, trade, and advisory services; and other lending services for corporates and financial institutions. It is also involved in cash and interest risk management, underwriting, transactional banking, and IPO related activities. The Consumer segment provides lending and deposit products, and other financial products and services to individuals and small businesses. It also distributes insurance products. The Commercial segment offers funded and non-...

PNSC Building

M.T. Khan Road

Karachi,  74000

Pakistan

2,499 Employees

Phone:

92 21 111 333 111

Key Executives for NIB Bank Limited

NIB Bank Limited does not have any Key Executives recorded.

NIB Bank Limited Key Developments

NIB Bank Limited Announces Executive Changes

NIB Bank Limited announced that Mr. Chia Yew Hock Wilson has resigned from the directorship of the company with effect from January 30, 2016 and Mr. Lee Ah Boon has been appointed on the board of directors of the company, subject to approval from the State Bank of Pakistan.

NIB Bank Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended Sept. 30, 2015

NIB Bank Limited reported unaudited consolidated earnings results for the third quarter and nine months ended Sept. 30, 2015. For the nine months, the company reported net mark-up/interest income after provisions of PKR 2,422.9 million, profit before taxation from continuing operations of PKR 2,695.3 million, profit after taxation from continuing operations of PKR 1,752 million or PKR 0.17 per basic and diluted share and profit after taxation of PKR 1,752 million or PKR 0.17 per basic and diluted share compared to net mark-up/interest income after provisions of PKR 2,416.6 million, profit before taxation from continuing operations of PKR 545.7 million, profit after taxation from continuing operations of PKR 175.8 million or PKR 0.02 per basic and diluted share and profit after taxation of PKR 680.7 million or PKR 0.07 per basic and diluted share reported in the same period last year. For the quarter, the company reported net mark-up/interest income after provisions of PKR 1,224.3 million, profit before taxation from continuing operations of PKR 408.35 million, profit after taxation from continuing operations of PKR 265.4 million or PKR 0.03 per basic and diluted share and profit after taxation of PKR 265.4 million or PKR 0.03 per basic and diluted share compared to net nark-up/interest income after provisions of PKR 523.3 million, profit before taxation from continuing operations of PKR 59.5 million, profit after taxation from continuing operations of PKR 12.02 million or PKR 0.01 per basic and diluted share and profit after taxation of PKR 259.5 million or PKR 0.025 per basic and diluted share reported in the same period last year.

NIB Bank Limited, Board Meeting, Oct 21, 2015

NIB Bank Limited, Board Meeting, Oct 21, 2015., at 10:00 Pakistan Standard Time. Agenda: To consider and approve third quarter accounts for the period ended September 30, 2015 along with other agenda items.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 2, 2015
PICIC Asset Management Company Ltd.
 

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