Karachi : CFA
Association of Pakistan has declared NBP the winner for the “Transaction
of the Year-2012” for Sell-Side Advisory forthe sale of shares of
Agritech Limited by AzgardNine Limited (ANL). The CFA Association
of Pakistan’s panel of independent judges, based their decision on the
innovativeness of structure, suitability to customer’s requirements,
transaction size, width of distribution and the transaction’s impact on
Pakistan’s financial markets and determined
NBPasa winner.
As a result of the transaction, ANL Group liabilities to the banking system reduced from over PKR 45 billion to approximately PKR 13 billion.
As a result of the transaction, ANL Group liabilities to the banking system reduced from over PKR 45 billion to approximately PKR 13 billion.
Investment banking at
NBP has also been a significant component of the bank’s portfolio of
products and services offered to its client base. This area specializes
in loan syndications, infrastructure and project
finance as well as structuring capital markets transaction in the debt
and equity arena – issuance and/ or listing of shares and Term Finance
Certificates, as well as capital-related advisory services for corporate
customers.
National Bank of
Pakistan (NBP) is the largest public sector commercial bank in Pakistan
with total assets well in excess of PKR 1.30 trillion (as on December
31st 2012). Recognition of NBP’s strength has been
the fact that the Banker Magazine (UK) has awarded ‘Bank of the Year’
in 2011, 2010 and is listed among the top 1,000 banks of the world for
2012 and 2013. Global Finance Magazine has awarded NBP as the “Best
Emerging Markets Bank (2011)” and Asian Banking
and Finance Magazine has named NBP “the Domestic Retail Bank of the
Year 2013”. NBP also won awards from CFA Association Pakistan in 2011
for Corporate Finance House (Fixed Income) of the year and Transaction
of the Year for its advisory for the private placement
and IPO of Engro Foods Limited on the Karachi Stock Exchange.
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