Karachi, NIB Bank Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on August 09, 2016 at Karachi. The agenda of the meeting shall be consideration of half yearly accounts for the period ended June 30, 2016.
Further, the closed period of the company shall be from August 03, 2016 to August 09, 2016(both days inclusive).
NIB Bank Limited is incorporated in Pakistan the operations of which started in October, 2003. It is a scheduled commercial bank and is principally engaged in the business of banking as defined in the Banking Companies Ordinance, 1962. The business of the bank is Consumer Banking, Commercial Banking and Wholesale Banking. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the bank is located in Islamabad.
The bank is a subsidiary of Bugis Investments (Mauritius) Pte. Limited which is a wholly owned subsidiary of Fullerton Financial Holdings Pte. Limited which in turn is a wholly owned subsidiary of Temasek Holdings, an investment arm of the Government of Singapore. Temasek Holdings of Singapore continues to be the largest single investor in NIB Bank with a stake in excess of 88%. The branch network of the bank includes 179 branches across the country.
The symbol “NIB” is being used by the stock exchanges for the shares of NIB Bank Limited.