NBP Fullerton Asset Management Limited (NAFA), a subsidiary of National Bank of Pakistan, join hands with Summit Bank Limited to introduce a co-branded ATM Card for NAFA investors. The NAFA-Summit Bank ATM Card launching ceremony took place in Karachi on February 06, 2013 where Hussain Lawai, President & CEO of Summit Bank Limited and Dr Amjad Waheed, CEO of NAFA, signed the co-branded ATM Card agreement.
This ATM card will enable NAFA investors to withdraw cash against instant redemption of their investment in NAFA Funds, round the clock at over 6,000 1Link/MNET ATMs across the country. NAFA is managing 12 open-end mutual funds with a total asset base of over Rs 50 billion.
NAFA is rated 'AM2', which denotes very high investment management standards by Pacra and is amongst the four top rated asset management companies in Pakistan. Sharing his vision for Pakistan's mutual fund industry, Dr Amjad Waheed said, "This initiative is part of NAFA's continuous effort to offer innovative investment solutions that add value and convenience to the experience of mutual fund investors in Pakistan."
Summit Bank is a fast growing commercial bank, presently having a vast network of over 180 branches in Pakistan. Summit Bank's President & CEO, Husain Lawai, said, "Summit Bank believes in customer satisfaction and is committed to provide innovative solutions to fulfil the financial needs, not only of its own customers but also of the community at large."-PR
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