Financial Institutions and Cash Management Division of National Bank of Pakistan (NBP) has concluded a cash and cheque collection agreement with National Fullerton Asset Management Limited (NAFA) Funds, whereby all collections on behalf of NAFA countrywide will now be undertaken by NBP through its designated branches.
NBP is the largest commercial bank operating in Pakistan; its balance sheet size surpasses that of any other banks functioning locally. It has redefined its role and has moved from a public sector organisation into a modern commercial bank. The bank’s services are put at disposal of individuals, corporate entities and government.
NAFA is a non-banking finance company. Its main sponsors are National Bank of Pakistan and Alexandra Fund Management Ltd which in turn is a member of Fullerton Fund Management Group, Singapore. NAFA’s main area of business is investment management; more specifically floating and managing mutual funds and discretionary management of institutional portfolios.
