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Introduction:
In this research work we discuss about : 1. 2. 3. 4. Opening of new banks in Pakistan during (1990-2011). Mergers of different banks in Pakistan during (1990-2011). Acqiusitions of banks in Pakistan during (1990-2011). Current condition of banking sector in Pakistan and their future prospectus.
Opening of new banks in Pakistan during (1990-2011): Years 1991 Name of Banks
Soneri Bank Limited Union Bank of Pakistan Bank of Khyber limited Bank AL Habib limited Habib Metropolitan Bank Bank Alfalah Limited Trust Bank Limited Faysal Bank Limited Meezan Bank Limited Khushhali Bank Limited Zarai Taraqiati Bank limited Crescent Commercial Bank Limited First Micro Finance Bank limited NIB started as NDLC-IFIC Bank Tameer Microfinance Bank Limited Network Microfinance Bank Limited MyBank Limited Dubai Islamic Bank Pakistan Limited BankIslami limited Summit Bank Limited Burj Bank Limited Pak Brunei Investment Company Kashf Microfinance Bank Limited Barclays Bank Pakistan limited NRSP Microfinance Bank
1992 1994 1995 2000 2002 2003 2005 2006 2007 2008 2011
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Mergers of different banks in Pakistan during (1990-2011): Years 1994 2003 2006 Mergers between banks
Mehran bank amalgamated with NBP Crescent Investment Bank Limited merged Pakistan branches of Mashreq Bank Habib Bank AG Zurichs Pakistan Operations merged into Metropolitan Bank Limited Jahangir Siddiqui Investment Bank Limited merged American Express Bank Limited PICIC & PCBL merged into NIB Atlas bank ltd merged with KASB bank Emirates Global Islamic Bank Limited merged with Al Baraka Islamic Bank, Pakistan
Acqiusitions of banks
Union bank ltd. acquire by Standard Chartered Bank Samba Financial Group acquire Crescent Commercial Bank Limited (CCBL) in Pakistan RBS acquire by Faisal bank Arif habib bank ltd.acquire by Summit bank ltd. My bank ltd. Acquire by Summit bank ltd. United bank limited acquire by Bestway Group of companies
2011
Rate of intrest : Rate of intrest of banking sector was 14% which has been reduced by State Bank of Pakistan to 12 % currently in the month of October 2011
and attractiveness for new entrants. 4. Agriculture, small and medium enterprises, Housing sectors are underserved and have limited access to credit. 5. Banks have typically focused on trade and corporate financing with a narrow range of products and have not diversified into consumer and mortgage financing for which there is an ample unsatisfied demand. Despite of all these problems there is a much more progress in the banking sector .And State Bank Of Pakistan taking specific steps to handle these above type of risks by : i. ii. iii. iv. v. Privatization Make strong Corporate governance State Bank have removed restrictions on commercial banks for consumer financing. It reduces the corporate tax rate. Provide loans to small and medium sector business .
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