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National Rural Support Programme

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The NRSP Microfinance Bank Ltd is the subsidiary of National Rural Support Programme which is an integrated rural development organization registered under company's ordinance 1984 with corporate law authority Islamabad.[1][2] The NRSP Microfinance Bank headquarters is in South Punjab city of Bahawalpur.[3]

It commenced its operations in March 2011. The bank is also privileged to be the 1st regulated provider of Islamic microfinance services in Pakistan.

History

NRSP Microfinance Bank was established in 2003, making it one of the oldest and most respected banks in Pakistan. The bank was established as a joint venture between the National Rural Support Program (NRSP) and the government of Pakistan. NRSP provides technical and financial assistance to poor communities in rural areas, and the bank serves as a means to finance these projects. Since its inception, the bank has been providing a range of services and products tailored towards improving the economic status of rural communities and helping them achieve economic stability. Over the years, NRSP Bank has become a leading microfinance bank in the country offering a range of services such as microloans, savings accounts, insurance, and money transfer services. The bank has also been instrumental in introducing innovative financial products such as mobile banking and digital payments, making it easier for the underserved to access banking services. With its commitment to financial inclusion, NRSP Bank has become a reliable source of banking services for millions of people in rural areas.[4]

NRSP Credit Rating

NRSP Credit Rating is an important factor to consider when looking for a microfinance bank to trust with your financial needs. NRSP Microfinance Bank has a strong credit rating, meaning that it is a reliable and secure financial institution. The bank has an outstanding track record of meeting its financial obligations and has a long history of providing superior financial services to its customers. NRSP Microfinance Bank is known for its competitive interest rates and commitment to responsible lending practices. With NRSP Microfinance Bank, you can trust that your money is in good hands and will be managed responsibly.

NRSP Register Under

NRSP Microfinance Bank is registered under the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan. This registration gives NRSP the authority to provide microfinance services to small businesses and entrepreneurs. By registering with both the State Bank of Pakistan and the SECP, NRSP is held to a higher standard of accountability and transparency, ensuring that all their services are provided in an ethical and responsible manner. This registration also ensures that all NRSP’s operations are in line with the rules and regulations set forth by the State Bank of Pakistan. NRSP’s registration provides customers with the assurance that their money is in safe hands.

NRSP Islamic Banking

NRSP Islamic Banking is a modern way for NRSP Microfinance Bank to provide debt and equity financing to its customers. It is based on the principles of Islamic banking, which follows Sharia law and is guided by the fundamental principles of fairness, transparency, and responsibility. NRSP Islamic Banking provides services such as asset financing, investment banking, payment services, and insurance for its customers, which are tailored to their individual needs and requirements. NRSP Islamic Banking has been designed to help customers access a range of financial services in a more ethical and transparent way. It is an important part of NRSP Microfinance Bank's commitment to responsible banking practices and its dedication to its customers.

Total Branches

NRSP Bank is Pakistan’s leading microfinance bank, with a network of over 500 branches located across the country. NRSP Bank is committed to helping the rural and underserved communities of Pakistan improve their livelihoods and financial security. The bank provides a wide range of financial services, including microfinance loans, savings and deposit accounts, agricultural financing, and remittance services.[2]

Share Holders

See also

References

  1. ^ Webmaster (27 April 2017). "NRSP Microfinance Bank extends services for unbanked masses - PakObserver".
  2. ^ a b "Microfinance | National Rural Support Programme". nrsp.org.pk. Retrieved 2021-12-30.
  3. ^ "NRSP Microfinance Bank: SBP allows nationwide operations - The Express Tribune". 4 March 2011.
  4. ^ "How NRSP Microfinance Bank is Helping to Alleviate Poverty in Pakistan". Zameen Locator (Place Finder). Retrieved 16 July 2023.
  5. ^ Report, Recorder (2021-12-30). "NRSP MF Bank: BoP mulling acquiring strategic stake". Brecorder. Retrieved 2021-12-30.
  6. ^ "IFC Partnership with Microfinance Bank Brings Hope to Pakistan's Farme". www.ifc.org. Retrieved 2021-12-30.
  7. ^ "Acumen | Companies -". Acumen. Retrieved 2021-12-30.
  8. ^ "NRSP Bank | Proparco - Groupe Agence Française de Développement". www.proparco.fr. Retrieved 2021-12-30.


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