Home News & events Press Releases 2011 National Bank of Pakistan was granted a license

 

bNBPThe National Bank of Pakistan (NBP) was granted a license to expand its operations in Saudi Arabia by the Saudi Arabian Monetary Agency (SAMA). NBP plans to reach out to its clientele by opening multiple branches and expanding its ATM operations, Internet banking services, and payment systems. NBP has contracted Compass Plus and ABANA to support its expansion through the implementation of alternative delivery channels. Compass Plus and ABANA will provide NBP with an ATM switch, card management system and Internet banking solutions on a single platform.

Dedicated to providing a fully-integrated, high performance product suite, Compass Plus offered NBP TranzWare Online to enable secure and robust ATM switching, alongside feature-rich highly customisable TranzWare CMS, for the management of card issuance and circulation, as well as TranzWare Internet Banking, that will provide unlimited opportunities in establishing a competitive financial web service.

“We have decided to partner with ABANA and Compass Plus because of a combination of their market reputation and the single platform solution offered to us. Their application is ready to integrate with our existing systems, making the implementation cost-effective for us,” said Muhammad Imran Ahmed, head of retail banking, NBP. “We are confident that ABANA’s experience in serving the banks in the Kingdom and Compass Plus’ value-added solutions will help us realize our growth potential,” he added.

“We are delighted by the trust and confidence that NBP has given to us. We are looking forward to a long-term partnership and for ABANA to be instrumental to the growth of NBP in Saudi Arabia,” said Mr. Abdullah Bin Jebreen, president, ABANA.

About ABANA:
ABANA is an industry leader with over 30 years of experience in providing innovative, high performance, and value-added equipment, software solutions, and managed services to the financial and telecommunication sectors of Saudi Arabia. ABANA’s array of business solutions, along with its in-depth experience in end-to-end outsourcing projects, has gained its rank as a total service and technology provider. ABANA belongs to the prestigious top 50 fastest growing companies in Saudi Arabia for the past two years. 
www.abana.com.sa

About National Bank of Pakistan:
National Bank of Pakistan is the largest commercial bank operating in Pakistan . Its balance sheet size surpasses that of any of the other banks functioning locally. It has redefined its role and has moved from a public sector organisation into a modern commercial bank. The Bank's services are available to individuals, corporate entities and the government. While it continues to act as trustee of public funds and as the agent to the State Bank of Pakistan (in places where SBP does not have a presence) it has diversified its business portfolio and is today a major lead player in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and is showing growing interest in promoting and developing the country's small and medium enterprises and at the same time fulfilling its social responsibilities, as a corporate citizen. 
www.nbp.com.pk

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