Because you're special

NIB Bank has had an outstanding growth pattern since its creation over 4 years ago.It started as NDLC-IFIC Bank Ltd, commencing operations in October 2003 when the assets and liabilities of the former National Development Leasing Corporation (NDLC) and Pakistan operations of IFIC were amalgamated with and into NIB, with a paid up capital of Rs.1.2bn. In April 2004 the Pakistan operations of Credit Agricole Indosuez were also amalgamated with NIB. In early 2005 Fullerton Financial acquired a 25% shareholding in NIB Bank. This was further enhanced when NIB's paid up capital was increased to Rs.3.4bn in June '05.

NIB Bank has accelerated organically from 2 branches in 2003 to 45 in the 4th quarter of 2007 and assets of Rs.9bn in December 2003. Its vision is to rank amongst the top 5 banks in the country. The acquisition of PICIC with its subsidiaries and subsequent merger with PICIC & PCBL on 31st December '07 was part of NIB's strategy to achieve this objective and establish itself as a leading bank in Pakistan. This merger resulted in a vastly expanded network of 240 branches, with total assets of over Rs.180 billion. It now ranks number 7 amongst commercial banks in term of distribution network. NIB's paid up capital of Rs.28.4 billion is the second highest of all banks in Pakistan. The PICIC acquisition included its subsidiary PICIC Asset Management Company and a general insurance associate. Fullerton Financial Holdings remains the largest single investor in NIB Bank. PACRA has recently upgraded NIB rating to AA- (long term) and A1+ (short term), depicting its strong credit worthiness.

NIB aspires to become a partner in prosperity for all its stakeholders and believes it will add significant value to the segments its serves. It is committed to further expanding its franchise in Pakistan and serving the underbanked sectors.

http://www.nibpk.com

Financial & Operating Highlights

Fullerton Financial Holdings first invested in NIB in February 2005.

Year ending 31 December (Rupees millions)	2008	2009	2010
No. of Branches	244	223	223
Number of Employees	6,910	6,385	3,642
Total Assets	176,696	206,886	164,557
Shareholder Equity	38,272	41,347	13,885