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Tag Archives: NIB Bank Limited

NIB Bank upgrades Core Banking System

Karachi, April 08, 2016 (PPI-OT):NIB Bank Limited has successfully upgraded its core banking system from Temenos T24 R7 to R15. NIB Bank is one of the early adopters globally and the first in the region to upgrade its Core Banking System to the latest release. The new system carries many technical and functional enhancements which …

Proposed merger of NIB Bank Limited with MCB Bank Limited

Islamabad, March 15, 2016 (PPI-OT): NIB Bank Limited (“NIB”) announced today that MCB Bank Limited (“MCB”) and Fullerton Financial Holdings Pte. Ltd (“FFH”), being the majority shareholder of NIB through its wholly-owned subsidiary Bugis Investments (Mauritius) Pte. Ltd., are in preliminary, non-binding discussions for a possible merger of NIB with and into MCB under the …

NIB Bank Limited’s exercise of call option in respect of pkr 4,000,000,000/- rated, listed and subordinated term finance certificate issue of NIB Bank Limited (“TFCs”)

Karachi, August 05, 2013 (PPI-OT): In accordance with the terms of the Trust Deed dated June 4, 2007 (“Trust Deed”) and the terms and conditions applicable in respect of the TFCs (“Terms and Conditions”), NIB Bank Limited (NIB) has decided to exercise the call option Available under clause 2.11 of the Trust Deed and paragraphs […]