National Bank of Pakistan Focuses on Strengthening Risk Management Function at Every Level

Karachi: NBP is strategically approaching towards adopting a risk base culture across the organization. The tone to build the risk culture across organization is set by NBP management and NBP Board therefore risk management is given an independent status from the business and support units. NBP is also in process of implementing Basel II in the Bank.

NBP organized a two day in house training session on “Enterprise Risk Management” for senior executives of various groups. “Enabling a risk management culture is critically vital, and SBP regulations make it necessary for banks to strengthen its risk mitigation processes”, said the renowned international consultant Mr. Horst Simon, the trainer of the session.

President of NBP, Qamar Hussain, appreciated host Simon for articulating his expertise to the senior management. Mr. Qamar Hussain shared his views regarding the linkage of bank profitability and risk management at each level. He welcomed Mr. Horst for his future visits to Pakistan and conducting dedicated sessions for the top brass of the bank.

The training was followed by a one hour meeting of Mr. Horst Simon with the senior management of National Bank of Pakistan. A synergy was developed between the senior management that every person in the bank has to be a risk manager rather than focusing only on the risk management function to implement this process throughout the bank.

For more information, contact:
Syed Ibne Hassan
Vice President,
Corporate Communication Division
National Bank of Pakistan
Tel: +9251 9922073
Cell: +92300 8202184