The federal government has re-appointed Syed Ali Raza, President National Bank of Pakistan (NBP), for one year commencing from July 1st, 2010. Official notification of the reappointment has been issued on Saturday from Islamabad. Syed Ali Raza''s, during his incumbency, guided the Bank to record highest profitability consecutively for a decade. NBP today is a trillion rupees bank with wide customer base.
During his tenure the Bank has expanded internationally to Central Asian Republics, Afghanistan and Bangladesh and is looking forward to commence operations in Saudi Arabia and Russia. More recently, NBP has played a vital role in stabilising country''s economy by supporting public sector organisations and the stock exchanges. In recognition of his achievements a number of international and national awards were conferred both to the Bank and to him in his personal capacity.
The Bank is in the process of implementing one of the most advanced state of the art core banking IT system in the world. This application, which is the vision of S. Ali Raza, will bring in a revolution both in terms of improved services to the customers and also in regulating the operations of the Bank.
Government''s decision to extend the term of S. Ali Raza was hailed by various quarters and was received with joy by the employees of the Bank and business community of the country. The CBAs, representatives of the Officers Association as well as field functionaries throughout the Bank have hailed the decision of the Federal Government.-PR
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