Nationalized Scheduled Banks in Pakistan

Following are the nationalized scheduled banks in Pakistan:

The Bank of Khyber - It was established in 1991 and awarded status of a scheduled bank in September 1994. The Bank enjoys a unique position, and stands out amidst the other banks operating within the country, and has the privilege of being bracketed amongst the only three government banks in the country. Its vision is to become a leading bank offering efficient and Dynamic Banking Services in both Islamic and Conventional Sectors.

National Bank of Pakistan (NBP) - It is the largest and strongest Nationalized Bank of the country with assets of over Rs. 635 billion and deposits of over Rs. 502 billion as of 31 December 2006. In 2002 the Bank signed an agreement with Western Union for expanding the base for documented remittances. It has also started Electronic Home Remittances Project, which introduces technology based system to handle inward remittances efficiently.

The Bank of Punjab - It was established in 1989, in pursuance of The Bank of Punjab Act 1989 and was given the status of scheduled bank in 1994.The Bank of Punjab is working as a scheduled commercial bank with many branches at all major business centres in the country.

Sindh Bank Limited (SBL) - The Bank has obtained license as a scheduled commercial bank for providing general banking and financial services. JCR-VIS Credit Rating Company Limited has assigned an initial medium to long-term entity rating of 'AA-' (Double A Minus) and short-term rating of 'A-1' (Single A-One) to SBL.

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