NIB Bank Ltd (NDIF)

As of July 7, 2017, NIB Bank Limited was acquired by MCB Bank Limited. NIB Bank Limited provides various banking products and services in Pakistan. It operates through Corporate and Investment Banking, Commercial, Retail, and Treasury segments. The Corporate and Investment Banking segment comprise funded and non funded credit facilities of working capital financing, including seasonal finance, trade finance, cash finance, running finance, guarantees, and bills of exchange relating to corporate customers, as well as for long term expansion, balancing, modernization, and replacement; and project financing, syndicated financing with advisory, underwriting, transactional banking, and initial public offerings related activities. The Commercial segment provides funded and non-funded credit facilities, deposit products, and transaction services to small and medium enterprises, and commercial businesses operating in manufacturing, trading, wholesale, and service sectors. The Retail segment provides lending and deposit products, and other financial products and services to individuals and small businesses. It also distributes insurance products. The Treasury segment offers liquidity management, cash flow, and foreign exchange products. NIB Bank Limited operates through a network of approximately 170 branches and 160 ATMs. The company was incorporated in 2003 and is headquartered in Karachi, Pakistan.