Appointment of NBP president on merit

ISLAMABAD: Appointment of President National Bank of Pakistan, Qamar Hussain has been made purely on merit and all rules and regulations have been followed during his appointment. “Hussain is one of the leading bankers of the country”, said Vice President Public Relations Syed Ibne Hassan while talking with journalists here Tuesday.He dispelled the negative impression created in a section of the press about appointment of NBP president. Syed Ibne Hassan told the journalists that Qamar Hussain has vast experience of banking sector and all rules and regulations have been followed during his appointment.The NBP has gained new heights in financial world under the leadership of NBP President Qamar Hussain despite current financial crunch.The NBP, he said has gained several international awards and achievements, banker magazine has declared NBP Number one bank in Pakistan amongst 1000 top banks in the world, Best foreign exchange bank-Pakistan by the leading finance general Global Finance.

More over NBP stand alone rating AAA by JCR-VIS credit rating agency. It is all due to best policies nd professional approach of the President, he added.He further informed the reporters that prior to joining NBP in 2009, Qamar Hussain was working with American Express Bank (a leading foreign bank) as their Senior Director Global Credit, New York and earlier as Country Manager, bangladesh. He had also been associated with the Chase Manhattan Bank, in Pakistan and USA.

Mr. Hussain is a distinguished Banker and brings with him rich experience in various aspects of banking particularly in Corporate Finance, Credit/Risk Management, and has excelled in strategic planning and business management, he remarked.Syed Ibne Hassan further said that during his tenure with NBP he has made significant contribution in reorganizing the field structure throughout the country, strengthened credit and risk function, reorganized Corporate and Investment Banking Group, streamlined performance management processes and as a member of banks strategic planning team has initiated business and other changes for further strengthening the organization. Hussain holds an MBA Degree from McGill University Canada and undergone extensive training in business leadership abroad, he added. – Nation