Online conversion: NBP meets 1,000 branches target

NBP has converted 1,000 branches online out of its countrywide network of 1,270 branches in eight months.

KARACHI: National Bank of Pakistan has converted 1,000 branches online out of its countrywide network of 1,270 branches in a short span of eight months. NBP is present in the remotest areas of the country, where no other financial institution exists mainly due to its commercial viability, according to a statement released on Tuesday. With majority of branches going online people living in such remote areas will benefit the most, adds the statement. Through online facility, customers holding an account at any online branch can deposit and withdraw cash from any of the 1,000 online branches. While appreciating the efforts of NBP’s IT Division, NBP president Qamar Hussain said that back in May we only had 250 branches online and it required a very industrious effort to bring that number to 1,000. PRESS RELEASE

Published in The Express Tribune, December 21^st, 2011.