PICIC Commercial Bank Pakistan

1. Tariq Ali Khan (SP06-BB-0022) Waqas Yousuf (SP06-BB-0089) M. Ahraz Pasha (SP06-BB-0012) M. Danish Saleem (SP06-BB-0057) Junaid Zamir (SP06-BB-0010) Presentation on

3. Commmercial bank It raises funds by collecting deposits from businesses and consumers via deposits, Saving deposits and term deposits. It also provides loans to businesses and consumers. Industrial Credit It is a term in finance when a company provides funds to any other firm in Construction, Distribution, Manufacturing, Mining, Transportation etc. or simply provides funds for industrial use.

4. Investment Corporation It usually purchases an asset, or equivalently makes a deposit in a bank, in hopes of getting a future return or interest from it. Promote and support the development of the private sector and the capital markets.

8. Acquisition of PICIC NIB Bank has recently acquired a majority of PICIC largest share holder and through the acquisition of PICIC, NIB has also gained control of PICIC Commercial Bank, PICIC Asset Management Company, PICIC Insurrance Ltd and PICIC Exchange Company.

16. Shishmahi Munafa Profit paid Six monthly Mahana Munafa Profit paid monthly Millinium Account Profit paid every year but a minimum balance of requirement = Rs. 1,000,000/-.