31483613-Pakistan-Banking-Sector-Analysis - performance and...

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PAKISTAN'S BANKING SECTOR INDUSTRY ANALYSIS: Banks play very important role in the economy of a country and Pakistan is no exemption. Banks in Pakistan account for 95% of the financial sector. Pakistan has a well-developed banking system, which consists of a wide variety of institutions ranging from a central bank to commercial banks and to specialized agencies to cater for special requirements of specific sectors. The country started without any worthwhile banking network in 1947 but witnessed phenomenal growth in the first two decades. By 1970, it had acquired a flourishing banking sector. The era of 90s was the climax of privatization, deregulation and restructuring in the domestic banking industry and financial institutions. The Government only owns the National Bank but 80% of bank assets are in private sector. Banking assets rose three- folds over the last five years and the industry size is reaching Rs 4 trillion. The contribution of banking sector to GDP ratio is 55.6%. Pakistan has been ranked 2nd in
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Unformatted text preview: performance and efficiency indicators among the South Asian countries by the World Bank. There are 68 scheduled banks of which the top five have 50% of the market share. Banking industry, in Pakistan, is currently under a wave of Mergers and Acquisitions (M & As). There are on average 3 M & As per year. 1. Public Sector Commercial Banks: National Bank of Pakistan, First Women Bank Limited, The Bank of Khyber, The Bank of Punjab 2. Local Private Banks: Askari Commercial Bank Limited, Bank Al-Falah Limited, Bank Al Habib Limited, Bolan Bank Limited, Faysal Bank Limited, PICIC Commercial Bank Limited, UBL, MCB, ABL, 3. Foreign Banks: ABN Amro Bank, Al Baraka Islamic Bank, American Express, CITI Bank, Deutsche Bank, Emirates Bank, IFIC, Hong Kong Shangai Banking Corporation, Standard Chartered Bank, etc. 4. Specialized Banks: Zari Tarqiati Bank Ltd., Industrial Development Bank of Pakistan, Punjab Provincial Cooperative Bank Limited...
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This note was uploaded on 05/17/2011 for the course ECON 201 - ECON 201 - taught by Professor Charlesc.chiemeke during the Spring '09 term at American University of Kuwait.

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