Banking: NBP wins CFA award
NBP won the “Transaction of the Year-2012” for Sell-Side Advisory for the sale of shares of ANL.
KARACHI:
The CFA Association of Pakistan has declared National Bank of Pakistan (NBP) the winner for the “Transaction of the Year-2012” for Sell-Side Advisory for the sale of shares of Agritech Limited by Azgard Nine Limited (ANL). The CFA Association of Pakistan’s panel of independent judges based their decision on the innovativeness of structure, suitability to customer’s requirements, transaction size, width of distribution and the transaction’s impact on Pakistan’s financial markets and determined NBP as a winner. As a result of the transaction, ANL Group liabilities to the banking system reduced from over Rs45 billion to approximately Rs13 billion. Investment banking at NBP has also been a significant component of the bank’s portfolio of products and services offered to its client base. This area specializes in loan syndications, infrastructure and project finance as well as structuring capital markets transaction in the debt and equity arena.
Published in The Express Tribune, October 15th, 2013.
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