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NIB Bank Ltd has announced the mass launch of NIB 'Salaam Banking' - a full range of banking products and services dedicated to meeting the financial needs of the country's small businessmen.
Representing the views of Temasek Holdings, the principal shareholder in NIB Bank Ltd, Francis Rozario, Chairman of NIB Bank Board of Directors and CEO of Fullerton Financial Holdings congratulated the NIB Bank team for taking the first step in fulfilling Temasek's long-term vision and promise to provide financial services to the underserved segments of Pakistani society.
Addressing on the launching, Khawaja Iqbal Hasan, President and CEO of NIB Bank, commented: "NIB recognises the critical role of small businessmen in the nation's economy and understands the significant gap between the needs of this segment and the products and services offered by Pakistani banks today."
Based on this recognition, NIB Bank has dedicated 100 branches out of its network of 240 branches to 'Salaam Banking', thus providing this service in 46 cities across Pakistan. With more than 2,500 employees and equipped with the latest technology, 'Salaam Banking' provides the full range of financial services including deposits, loans, insurance and transactional products.
These include traditional products such as transactional deposit account as well as business loans to help small businesses with their working capital or investment needs. 'Salaam Banking' also offers unique services such as 'Salaam Sahulat' which offers customers the facility of cash pickup from their place of business, 'Salaam DirectPay' through which utility bills can be paid conveniently through the phone, ATM or standing instructions and 'Salaam CashGuard' which insures all enrolled customers against the risk of robbery in the vicinity of the bank's branches or any ATM in Pakistan.

Copyright Business Recorder, 2008

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