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IGI Investment Bank launches Fund Select Portal
Karachi, January 20, 2011: IGI Investment Bank Limited has introduced "Fund Select Portal". This is a unique web based portal facilitating both corporate and retail investors with on-line access...
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News & Events
 
IGI Investment Bank launches Fund Select Portal
IGI Investment Bank Launches Wealth Management Services
IGI Investment Bank and Pak-Qatar Family Takaful Limited Sign MOU
IGI Investment Bank Now Listed on the Islamabad Stock Exchange
IGI Investment Bank and Pak Kuwait Takaful Sign Agreement
IGI Investment Bank and NJI Life Sign Agreement
IGI Investment Bank and ALICO sign MoU
PACRA gives A and A1 rating to IGI Investment Bank
IGI launched Variable Rate Deposit Plan
Investment Banks re-elected Mansur as Chairman, IBAP
Corporate Finance Deals
'Step Up' with improved rates
IGI Investment Bank-Corporate Marketing Department participated in the International Plastic & Packaging Industry Exhibition from 13-16 May 2008 at the Karachi Expo Center.
IGI Investment Bank- Promoting the Arts in Pakistan
IGI Investment Bank at the 2nd South Asian Capital Markets Conference
IGI Investment Bank as the lead Advisor and Arranger of PEL Commercial Paper issue
IGI Investment Bank at the 3rd Annual Auto, Auto Parts and Accessories Exhibition
A Step Up in Savings
IGI Fund Select Mall Event

IGI Investment Bank – Mobilizing Investment in the Mutual Fund Industry

IGI Financial Services at the Dawn life style
Tax Credit on Investing in Mutual Funds
First Ever Return Guarantee product developed by IGI Investment Bank for
Open End Mutual Funds
INTERBANK Changes Name to IGI Investment Bank
IGI Investment Bank appointed as Financial Advisor to Hascombe Group
INTERBANK’s Fund Select Advisory Appointed as Investment Advisor for KESC’s Provident Fund
PACRA assigns 'A+' Rating to the Proposed Secured TFC Issue of First International Investment Bank Limited
INTERBANK introduces Fund Select: A Mutual Funds Advisory Service
INTERBANK launches Rs. 500 million TFCs
INTERBANK offers Membership Fee Financing Scheme to Royal Rodale Sports & Recreational Complex
INTERBANK arranges investment for Systems Limited
INTERBANK acquires Finex Securities Limited
INTERBANK and SYSMAX (PVT) LTD. team up to facilitate potential DA Country & Golf Club members
IGI Investment Bank launches Fund Select Portal

Karachi: January 20, 2011 - IGI Investment Bank Limited has introduced "Fund Select Portal". This is a unique web based portal facilitating both corporate and retail investors with on-line access to information concerning their investment and the industry. The announcement was made through a Press Conference in Karachi.

"It is my privilege and honor to introduce the Fund Select Portal. This web portal is just another milestone we have achieved in our attempt to be the best at what we do. Reducing the burden on our work force and increasing efficiency for our clientele is the aim of this portal, thus streamlining all aspects of real time access to financial information for our clientele," highlighted Mr. Syed Javed Hassan, Managing Director and Chief Executive of IGI Investment Bank Ltd.

The portal allows clients online access to details on their mutual fund investments as well as information related to the industry. The purpose behind providing this web based portal is to facilitate investors with an automated tool to reduce and eventually eliminate the need to call or seek Investment Advisory personnel for information regarding their investments. Multiple search parameters are available on the portal allowing the customers to search for information according to their requirements.

Mr. Asif Rashid Baloch, Head of Investment Advisory speaking at the occasion said, "This is the first time in Pakistan a web based portal has been developed to track the investment returns of Mutual Funds for customers on a real time basis. Customers will have access to investment information such as composition of existing portfolio, return on portfolio, account statement, investment history. industry specific information and much more on Fund select Portal. Going forward we believe the same application will provide the ease and confidence to a new generation of retail investors to venture out from the traditional investment avenues such as bank deposits & NSS to a wider investment universe, where all the investments are tracked on real time basis"

About IGI Investment Bank
IGI Investment Bank is a part of the IGI Financial Services Group, established in 1990 and is licensed to carry out investment financing and leasing activities under the Securities and Exchange Commission of Pakistan. PACRA has awarded it a long-term credit rating of 'A' and short-term rating of 'A1' which ensures a strong risk absorption capacity. For more information, please log on to www.igi.com.pk or call 0800-2-34-34

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IGI Investment Bank Launches Services

Karachi, 7th January 2010: IGI Investment Bank Ltd., part of the IGI Financial Services Group, has recently launched a comprehensive suite of services specifically designed for the needs of its high net-worth clients. Individuals looking to invest will now have access to the resources and expertise of a financial group involved in businesses ranging from Investment Banking, Securities Brokerage, Insurance, Asset Management, etc., to provide them the best set of investment solutions from across the industry.

IGI Investment Bank Ltd. has been serving corporate and individual investors for the last two decades, and is known across the industry for its integrity and reliability. As part of the expanding IGI Financial Services Group, we have created internal synergies to grow in size while remaining one of the most dynamic and flexible investment firms. This makes it possible for us to pool our expertise and create a customized strategy for every investor that comprehensively covers every aspect of their financial well being.

Investors will be assigned personal Wealth Managers, and a highly experienced Investment Committee which will oversee and review investment strategies that are carefully modified to meet the unique requirements of every individual. Our clients have the opportunity to diversify into an entire portfolio of assets including Mutual Funds, Stocks, Government & Corporate Bonds, Commodities (such as Gold, Oil & Silver), Insurance, and Shariah compliant investments, all through a single point of contact. Special services are also available for clients interested in Tax Planning and the establishment of specific trusts to oversee their Estate or Charitable activities, while they may also avail both secured and unsecured credit where eligible.

Raeda Latif, Head of at IGI Investment Bank, when contacted said. "We aren't interested in a quick sell; instead we utilize proven economic and financial constructs to make informed decisions, conduct business in a way that maintains our history of financial integrity, and most importantly, provide our clients with the exclusive level of service they expect".

As asset markets around the globe ready themselves for the challenges of 2010, high net worth investors will recognize the value of IGI Wealth Management's proactive, well informed and strategic decision making. With personalized strategies, exemplary service, and a commitment to relationships built on trust, IGI may prove to be exactly what the market has been searching for.

Learn more about IGI Wealth Management

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IGI Investment Bank and Pak-Qatar Family Takaful Limited Sign MOU

July 24, 2009: IGI Investment Bank, a part of the IGI Financial Services recently signed a distribution agreement with Pak-Qatar Family Takaful Limited aiming to further strengthen its portfolio by adding Family (Life) Takaful Insurance to its insurance advisory services. According to this agreement, clients would be able to secure their own and their family’s future the Islamic way through a host of Shariah compliant Takaful- Islamic insurance products offered to the Bank. IGI Investment Bank would therefore successfully be able to cater to all those clients who are seeking a Halal alternative to conventional insurance.

The recently appointed CEO and Director of IGI Investment Bank, Syed Javed Hassan stated, “IGI Investment Bank aims at going that extra mile in providing its valued customers with not only the very best standards of conventional insurance products, but also with a comprehensive bouquet of Shari'ah compliant insurance products to create a greater synergy between the client’s need and the solution provided by us.”

Also present on the occasion, Mr. P. Ahmed, Director and CEO of Pak-Qatar Family Takaful Limited stated, “I commend the management of IGI Investment Bank for their bold initiative to provide Family (Life) Takaful coverage to their customers. They have certainly set a precedent for other Banks to follow. Clearly, we can no longer ignore the religious values of the people and this agreement between IGI Investment Bank and Pak-Qatar Family Takaful just shows how sincerely we respect these values.”

About IGI Investment Bank
IGI Investment Bank is a part of the IGI Financial Services Group, established in 1990 and is licensed to carry out investment financing and leasing activities under the Securities and Exchange Commission of Pakistan. PACRA has awarded it a long-term credit rating of ‘A’ and short-term rating of ‘A1’ which ensures a strong risk absorption capacity. For more information, please log on to www.igi.com.pk or call 0800-2-34-34

About Pak-Qatar Family Takaful Limited
Pak-Qatar Family Takaful Group, the pioneers of Family Takaful, is a technology-driven Shari’ah compliant company sponsored by some of the leading financial institutions from the State of Qatar. The company has a rating of ‘A-‘ (having stable outlook) from JCR-VIS Credit Co. Ltd. It has a network of 24 branches present in 14 cities and is quickly growing in its corporate and individual customer base. For more information, please log on to www.pakqatar.com.pk or call 111-TAKAFUL

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IGI Investment Bank Now Listed on the Islamabad Stock Exchange

IGI Investment Bank, a part of the IGI Financial Services after meeting all the necessary financial and regulatory requirements, is now effectively listed on the Islamabad Stock Exchange (ISE).

IGI Investment Bank is already listed on the Karachi and Lahore Stock exchanges and by gaining a place in the ISE, it will be one of the few banks that enjoy the privilege of being listed on all the major stock exchanges of the country.

In response to the listing, Mr. Samir Ahmed, Managing Director and CEO of IGI Investment Bank stated, “We were keen to maintain a presence in all stock markets in the region and by being listed on the ISE we have now opened the door for investors in Islamabad and other northern areas to trade directly in our shares. This will no doubt add depth and stability to trading on the market, especially in view of the increasing growth performance by IGI Investment Bank as the largest investment bank in Pakistan with a paid up capital of 2.1 Billion.“

In conclusion of his remarks, Mr. Samir Ahmed thanked the management and all officials of the Islamabad Stock Exchange for their cooperation and support to the Bank and expressed his confidence that such cooperation and support will continue further in the future for the benefit of all concerned.

About IGI Investment Bank
IGI Investment Bank is a part of the IGI Financial Services Group, established in 1990 and is licensed to carry out investment financing and leasing activities under the Securities and Exchange Commission of Pakistan. PACRA has awarded it a long-term credit rating of ‘A’ and short-term rating of ‘A1’ which ensures a strong risk absorption capacity. For more information, please log on to www.igi.com.pk or call 0800-2-34-34.

About the Islamabad Stock Exchange (Guarantee) Limited
The Islamabad Stock Exchange (ISE) was incorporated as a guarantee limited Company on 25th October, 1989 in Islamabad with the main object of setting up of a trading and settlement infrastructure, information system, skilled resources, accessibility and a fair and orderly market place that ranks with the best in the world. The purpose for establishment of the stock exchange in Islamabad was to cater to the needs of less developed areas of the northern part of Pakistan.

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IGI Investment Bank and Pak Kuwait Takaful Sign Agreement

April 13, 2009: IGI Investment Bank, a part of the IGI Financial Services successfully signed a bancatakaful agreement with Pak Kuwait Takaful Company Limited (PKTCL) for its upcoming insurance advisory service. According to this agreement, clients would be able to secure their future without compromising on their faith as PKTCL would offer a host of Shariah complaint general Takaful- Islamic insurance products to the Bank. Thus IGI Investment Bank would successfully be able to cater to all those clients who are seeking an alternative to conventional insurance.

Present on the occasion, Mr. Samir Ahmed CEO and managing director of IGI Investment Bank stated, “IGI Investment Bank aims at going the extra mile in providing its valued customers with not only the very best standards of conventional insurance products, but also with a comprehensive bouquet of Shari'ah compliant insurance products to create a greater synergy between the client’s need and the solution provided by us.”

Also present on the occasion, Mr.Imtiaz Bhatti CEO of Pak Kuwait Takaful Company Limited stated, “The Takaful way of insurance in Pakistan is greatly needed and much awaited as a significant segment of the population desire Shariah-compliance in all their financial dealings. By providing our products to IGI Investment Bank, I am confident that we are getting closer to our aim of filling the gap and introducing Shariah compliant products for the benefit of all Muslims in Pakistan”

About IGI Investment Bank
IGI Investment Bank is a part of the IGI Financial Services Group, established in 1990 and is licensed to carry out investment financing and leasing activities under the Securities and Exchange Commission of Pakistan. PACRA has awarded it a long-term credit rating of ‘A’ and short-term rating of ‘A1’ which ensures a strong risk absorption capacity. For more information, please log on to www.igi.com.pk or call 0800-2-34-34

About Pak Kuwait Takaful Company Limited
Pak Kuwait Takaful Company Limited is a multinational joint venture partnership between Pakistan, Kuwait, Malaysia, Saudi Arabia and Sri Lanka. With an initial paid up capital of Rs. 250 million and an authorized capital of Rs. 500 million, along with the financial strength and backing of its equity partners, Pak Kuwait Takaful Limited is well-poised to launch Takaful operations in an environment of trust and reliability.

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IGI Investment Bank and NJI Life Sign Agreement

March 6, 2009 (Friday): IGI Investment Bank a part of the IGI Financial Services Group and New Jubilee Life Insurance Limited (NJI Life) marked the beginning of a long lasting relationship by signing an agreement at the IGI Financial Services head office.

According to the agreement, NJI Life will be joining hands with IGI Investment Bank to provide bancassurance whereby its customers will have the privilege of availing innovative and custom made life insurance products tailored by NJI Life.

Present at the ceremony, Mr. Javed Ahmed the Managing Director and CEO of NJI Life stated, “We are honored to provide our life insurance services and products to the customers of IGI Investment Bank, one of the country’s leading investment banks. Being the pioneers of bancassurance in Pakistan, we are confident that we will provide the highest level of services and guidance to our new bancassurance partners- IGI Investment Bank”

Also present at the ceremony, Mr. Samir Ahmed Managing Director and CEO of IGI Investment Bank said, “We have been striving to transform our bank to a one-stop financial service provider which offers solutions to a diverse range of financial requirements. Thus, by signing an agreement with NJI Life we are taking a positive step towards achieving this goal.”

About IGI Investment Bank:
IGI Investment Bank established in 1990 provides a host of specialized services which include finance, treasury management and mutual funds advisory has grown to become Pakistan’s largest investment bank with a paid up capital of PKR 2.1 Billion. It has also been awarded a long term credit rating of ‘A’ and ‘A1’ by the Pakistan Credit Rating Agency (PACRA). For more information, please log on to www.igi.com.pk or call 0800-2-34-34

About NJI Life:
New Jubilee Life Insurance Company Limited (NJI Life) is a subsidiary of the Aga Khan Fund for Economic Development (AKFED), Switzerland. It was incorporated in Pakistan on 29 June 1995 as a Public Limited Company under the Companies Ordinance 1984. Its shares are quoted on the Karachi Stock Exchange.

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IGI Investment Bank and ALICO sign MoU

IGI Investment Bank, a part of the IGI Financial Services group signed a Memorandum of Understanding with American Life Insurance Company (Pakistan) Limited - ALICO to introduce insurance and savings products for its customers. The signing ceremony took place at the IGI Financial Services head office in the presence of senior executives representing both companies.
 
By signing the MoU, IGI Investment Bank customers will have the privilege of availing valuable insurance and savings products offered by ALICO, the market leader in international life insurance with assets in excess of US$100 billion and operations in 55 countries worldwide, through the bank’s advisory and distribution channel.

Speaking on the occasion, Mr Samir Ahmed, MD & CEO of IGI Investment Bank stated, “By joining hands with ALICO we aim to provide a complete range of financial services to our customers under one roof, and we are confident that this initiative will facilitate us in offering convenience and value-added services to our customers.”

Mr. Arif Sultan Mufti, Chairman & CEO of ALICO said, ‘In a country still relatively new to the concept of bancassurance, we aim to increase its potential in a market where exposure to financial markets is still on a rise. Going into an understanding with IGI Investment Bank, we hope to create a long term relationship with them, providing our expertise in the field of insurance, whilst aiming to cater to the masses through different channels’.

About IGI Investment Bank
IGI Investment Bank is a part of the IGI Financial Services Group, established in 1990 and is licensed to carry out investment financing and leasing activities under the Securities and Exchange Commission of Pakistan. PACRA has awarded it a long-term credit rating of ‘A’ and short-term rating of ‘A1’ which ensures a strong risk absorption capacity. For more information, please log on to www.igi.com.pk or call 0800-2-34-34

About ALICO
ALICO first started its operation in Pakistan in 1952 and continued till 1972 when the life insurance industry was nationalized. By 1972, ALICO had issued 72,000 policies and had invested more than US$36 million in the country’s economy. In 1994, ALICO was the first foreign life insurer to re-enter Pakistan. It commenced its operations in May 1995 with a paid-up capital of PKR 130 million which today stands at PKR 500 million. Along with commitment, ALICO brings to Pakistan an extensive international expertise and cutting edge technology being used by our operations in the most developed markets

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PACRA gives A and A1 rating to IGI Investment Bank

Karachi: January 17, 2009 – The Pakistan Credit Rating Agency PACRA maintains A for long term and A1 for short term ratings for IGI Investment Bank one of the leading investment banks in Pakistan and part of IGI Financial Services Group. The rating is significant as it comes at a time when the overall industry outlook is projected negative due to turmoil in the money & capital markets and general slowing down of economic activity.

The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. The ratings are independent, professional and reflect the Bank’s strong relative positioning in the field emanating from the resilience exhibited by IGI Investment Bank during the current liquidity crisis. Furthermore, these ratings are recognition of IGI’s strong risk absorption capacity, good asset quality, sound equity base and quality risk management.

Mr. Samir Ahmed, CEO IGI Investment Bank, on this achievement stated, “These ratings are a result of IGI Investment Bank’s commitment to its stakeholders and excellent risk management practices adopted by the Bank. IGI has never compromised on the quality of assets and is committed to optimizing value for its shareholders. The ratings are recognition of our efforts and a source of confidence”.

The rating projects prospects of various investment banks operating in the country on a stand-alone basis and give due consideration to the macro economic challenges being faced by the entire economy that led to a difficult operating environment for the industry. IGI Investment Bank continues to be one of the most professional investment banks in Pakistan.

IGI Investment Bank is a part of the IGI Financial Services Group was established in 1990 and is licensed to carry out investment financing and leasing activities under the Securities and Exchange Commission of Pakistan. For more information please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34.

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IGI launched Variable Rate Deposit Plan

IGI Investment Bank, a part of the IGI Financial Services Group, launched the variable rate deposit plan, a product linked with KIBOR offered to depositors seeking to avail flexible profit rates at different intervals during the tenure of deposit.

With variable rate deposit plan, investors get the flexibility to choose the best possible profit margin, by resetting their rate of return on a monthly, quarterly, semi-annual or annual basis according to the 1M, 3M, 6M and 1Y KIBOR respectively most suited to their personal financial position.

Samir Ahmed, CEO, IGI Investment Bank Limited, addressing a media round table meeting held for media members stated, “Today investors opt for secure investment avenues that ensure an attractive return in the form of a sustained stream of income. Hence, to cater to the expressed needs of investors, we have taken a step forward by designing a deposit plan that offers a variable rate of return on savings. Variable rate deposit plan is offering, investors, to derive optimum benefit from the rising KIBOR rates and thereby enhancing returns on deposits.”

Established in 1990, IGI Investment Bank is a Group company of IGI Financial Services and Packages Group Limited and provides a host of specialized services designed to meet the financial needs of investors.

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Investment Banks reelected Mansur as Chairman, IBAP

Karachi: December 19, 2008 – The Board of Directors of the Investment Banks Association of Pakistan (IBAP) re-elected Mr. Rashid Mansur, CEO – Escorts Investment Bank Ltd, as Chairman - IBAP for the second term, in a recent meeting held in Karachi. Mr. Samir Ahmed, MD & CEO – IGI Investment Bank, a seasoned banker with 25 years experience of International Banking & Capital Markets, was elected as the Vice Chairman IBAP. 

Rashid Mansur is a qualified Associate of the Chartered Institute of Bankers London (ACIB). He has had 18 years of experience with HBL including ten years on overseas assignments. Other designations held include senior level positions in both Private and Public sectors such as head of an Investment Bank, Leasing Modaraba, Insurance Company, and Board of Investment and Trade, Punjab.

Speaking on the issues presently facing the financial sector of Pakistan, Mr. Mansur said “Without a credible Reform Program backed by strong ‘Regulatory will’, it would not be realistic to assume that normalcy will return to our Financial Sector. “  He further emphasized the importance for all stakeholders to gather and design a major reform initiative, covering the ownership, management and governance of the Exchanges once the dust settled down.

Investment Banks Association of Pakistan (IBAP) is a new wave of recently introduced phenomena of Investment Banking in Pakistan. For more information please logon to www.ibap.biz

Escorts Investment Bank Limited has come a long way since it was established in 1996. For more information please logon to http://escortsbank.net/ or call: 042- 637 1931-34

IGI Investment Bank is a part of the IGI Financial Services Group was established in 1990 and is licensed to carry out investment financing and leasing activities under the Securities and Exchange Commission of Pakistan. For more information please call 0800-2-34-34.

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Corporate Finance Deals

IGI Investment Bank’s Corporate Finance Department structured, advised and successfully executed the substantial acquisition of Dawood Lawrencepur Limited (DLL). This resulted in 49% holding of DLL by Dawood Corporation respectively. This was the first time the Bank was appointed as Manager to the Offer for an acquisition engagement. The Public announcement was published in the newspaper on May 24, 2008, providing an opportunity for IGI Investment Bank to be highlighted as an active participant in the Pakistani financial markets.

In a similar transaction, the Corporate Finance department also advised and structured the substantial acquisition of 49.5% of Central Insurance Company Limited (CICL) by Dawood Corporation. The Newspaper announcement can be viewed in the Business Recorder on June 7, 2008. This was a challenging transaction as various legal issues along with SECP and Insurance ordinances came into affect. The totall transaction size for both the Dawood Corporation acquisitions was approximately PKR 3.5 Billion.

IGI Investment Bank’s Corporate Finance Department arranges and advises on Debt and Equity issues, including Private Placements and Public Listings. It also performs underwriting of Equity and Debt Issues, Lease and Debt Syndications, Corporate Restructurings, Mergers and Acquisitions and Divestitures.

Established in 1990, IGI Investment Bank provides a range of specialized services as corporate finance, cash & treasury management, commercial financing & leasing and mutual funds advisory to meet the financial needs of investors. akistan Credit Rating Agency has awarded IGI Investment Bank a long term credit rating of ‘A’ and a short term credit rating of ‘A1’. For more information, please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34

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‘Step Up’ with improved rates

IGI Investment Bank has announced revised profit rates for its ‘Step Up Savings Plan.’ ‘Step Up’-a Certificate of Deposit product allows customers to deposit their cash for the duration of their choice whilst receiving a fixed profit rate on their investment. The improved Plan will offer depositors an opportunity to invest cash for as little as one month at an annual rate of 8.50% and an annualized rate of up to 13% on a deposit of 3 years, making it one of the most competitive deposit schemes around.

With the Step Up Savings Plan, investors can deposit their cash for durations of 1, 2, 3, 4 or 6 months and 1, 1.5, 2 or 3 years depending on their liquidity requirements. Profits vary according to the duration of deposit and the profit payment frequency required by the investor; monthly, quarterly, semi-annually or annually. The maximum profit that can be availed is 13% for investors depositing their cash for a period of only 3 years and receiving their profit at maturity.

Raeda Latif, Head of Marketing-IGI Financial Services said, ‘The Step Up Savings Plan is ideal for customers who want to deposit their money for a fixed period with the security of a known return while receiving the most competitive profit rates.” IGI Investment Bank is unique in offering such a deposit scheme which provides profit rates of up 13%.

IGI Investment Bank Limited provides a range of specialized services designed to meet the financial needs of investors. Established in 1990, IGI Investment Bank provides services as corporate finance, cash & treasury management, commercial financing & leasing and mutual funds advisory. Pakistan Credit Rating Agency has awarded IGI Investment Bank a long term credit rating of ‘A’ and a short term credit rating of ‘A1’. For more information, please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34

Note: Rates as of Dec 01, 2007. Please click here for new rates.

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IGI Investment Bank-Corporate Marketing Department participated in the International Plastic & Packaging Industry Exhibition from 13-16 May 2008 at the Karachi Expo Center.

As the only financial institution at the event, IGI Investment Bank had an opportunity to network with key players in the plastic & packaging industry from a unique platform. The Corporate Marketing team was present at their stall to promote the leasing and lending facilities offered by the Bank.

Due to the current increase in local and international demand, the plastic and packaging sector is another booming sector in Pakistan and is contributing directly to the growth, development and exports of the country. More than 200 leading names from the world’s plastic, printing, packaging and food industries also participated at the exhibition with representation of 20 countries from all across the globe. The exhibition was also given extensive media coverage by over 13 media channels and 15 representatives from print.

IGI Investment Bank Ltd is one of the leading investment banks in Pakistan. It was established in 1990 and carries a long-term PACRA credit rating of ‘A’ and short-term credit rating of ‘A1’ with a listing on the Karachi and Lahore Stock Exchanges. For more information please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34.

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IGI Investment Bank- Promoting the Arts in Pakistan

In association with the British Council & Shakespeare Association of Pakistan, IGI Investment Bank sponsored an ‘Evening with Zia Mohyeddin’ for literary enthusiasts on March 18, 2008. Mr. Zia Mohyeddin, a renowned TV personality was the chief guest at the occasion where he gave a presentation on Shakespeare and how the author has significantly transformed the English language. “The author introduced a new word in every third sentence he wrote & also introduced many of the clichés we are used to hearing nowadays such as ‘in the heart of hearts’ & ‘ wild goose chase,” said Zia who has been fond of Shakespeare from a very young age.

Zia intrigued the audience throughout the evening by questioning whether Shakespeare was even an Englishman or more of a universal author and then engaged them further with his theatrical renditions from scenes of Hamlet, Lear and Julius Ceasar. “I take Shakespeare personally, and I have shared an attachment with him since I was a young lad,” he said.  The evening was also filled with sonnets recited by Ms. Ailia Rizvi with beautfiul urdu translation provided by Dr. Ifthikar Alvi and songs by Ms. Khulood Mazhar.

IGI Investment Bank had the opportunity to interact with over a 100 guests; the event was well attended by CEO’s, educationists, and students all who shared a passion for Shakespeare.

The Shakespeare Association of Pakistan hosts several events throughout the year to promote a literary movement in Pakistan & is a registered, non-profit literary society affiliated with the International Shakespeare Association in the United Kingdom. In the past, the association has provided support to schools, has arranged conferences and has provided translation of Shakespeare in urdu and other Pakistani languages for various events.

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IGI Investment Bank at the 2nd South Asian Capital Markets Conference

IGI Investment Bank is participating in the 2nd South Asian Capital Markets Conference 2008 organized by the South Asian Federation of Exchanges held in Dhaka – Bangladesh. Business delegates from all over Pakistan, India, Bangladesh, Sri lanka and Mauritius, will be present at the conference including executives representing the South Asian Stock exchanges, securities regulators, clearing companies, securities depositories, prominent commodity exchanges, stock brokers, fund managers and other securities market professionals.

The conference has been organized with the objective of establishing common standards and practices in business accounting in the securities market’s; encouraging co-operation among the member countries so as to promote development in their respective securities markets; and to encourage cross-border listing and trade by adequate and fair representation of members in international forums.

Mr. Aftab Chaudhry, Secretary General & Managing Director SAFE / CEO Islamabad Stock Exchange Ltd will be giving the opening address for the conference which will last for 2 days till Friday February 01, 2008. The conference will host presentations and panel discussions on pertinent topics such as Regional regulatory Models for South Asian Markets; Integration of Regional Markets and Cross-border trade; Modern Trading Products and Technological solutions; Brokerage Industry; Facilitating Agents for Cross-Border Trade; Investing in the South Asia Region and The Role of Central Bankers in the Integration of Regional Markets.

Mr. Samir Ahmed, CEO of IGI Investment Bank and Mr. Syed Javed Hassan, Executive Director of IGI Investment Bank will be present at the conference. Mr. Samir Ahmed will speak on “Exploring avenues of cooperation amongst the Regional Brokerages” while Mr. Javed Hassan will participate in a panel discussion regarding “Scope for Private Equity in the South Asia Region”.

The initiative for providing a platform to a wide range of capital market players under the title of “South Asian Capital Markets Conference” was taken from the SAFE conference held in 2006 in Columbo, Sri Lanka. IGI Investment Bank being a Gold Sponsor of the 2nd South Asian Markets Conference 2008 believes in promoting alliances for ‘regional co-operation’.

IGI Investment Bank Ltd, a packages group company is one of the leading investment banks in Pakistan. Established in 1990, it carries a long-term PACRA credit rating of ‘A’ and short-term credit rating of ‘A1’ with a listing on the Karachi and Lahore Stock Exchanges.

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IGI Investment Bank as the lead Advisor and Arranger of PEL Commercial Paper issue
Tuesday, January 29, 2008: IGI Investment Bank Limited (IGIBL) hosted a ceremony in capacity of Mandated Lead Advisor & Arranger to conclude the Commercial Paper issue of PKR 500 million (the Transaction) by Pak Elektron Limited (PEL). Pak Iran Joint Investment Company Limited and Mandviwalla & Zafar respectively acted as Joint Arranger and Legal Counsel to the Transaction.

The occasion was attended by the officials of PEL and Investment Participants (IPs) and the investor notes were presented to the IPs.

Syed Mohammed Ali Raza, Head of Corporate Finance for IGIBL, added on the occasion that the successful close of the issue was a key achievement for both PEL and IGIBL as the issue was the most competitive debt raised by PEL so far. IGIBL shall also be conducting more commercial paper issues for several other blue chip clients in the near term.

IGI Investment Bank is licensed by the Securities and Exchange Commission of Pakistan to carry out Commercial Financing and Lending and Leasing Services under the NBFC Rules. Pakistan Credit Rating Agency has awarded IGI Investment Bank a long-term credit rating of ‘A’ and a short-term credit rating of ‘A1’.

Established in 1990, IGI Investment Bank is part of the Packages Group of Companies serving individual consumers, small businesses and large corporations and institutions with a broad range of investment banking products and services such as Mutual Funds Distribution; Corporate Finance; Commercial Financing and Leasing; Cash and Treasury Management. For more information please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34.

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IGI Investment Bank at the 3rd Annual Auto, Auto Parts and Accessories Exhibition

Local and International Auto manufacturers gathered from across the globe at the 3rd annual Auto, Auto Parts & Accessories Exhibition from December 12th to December 15th. IGI Investment Bank Ltd. was the only financial institution present at the event amongst exclusive automotive manufacturers, giving it an ideal platform to inform worldwide prospects about the bank’s leasing and lending facilities. The event was also attended by automotive entrepreneurs on both national and international levels.

IGI Investment Bank offers specialized lending and leasing solutions to meet the financial needs of its clients, by providing big savings on capital outlays, preservation of available resources, maintenance of existing credit lines and tax advantages. Corporate Marketing Head, Faraz Ahmed along with his marketing team were present at the exhibition to promote the leasing and lending facilities offered by the Bank.

IGI Investment Bank Ltd is one of the leading investment banks in Pakistan. It was established in 1990 and carries a long-term PACRA credit rating of ‘A’ and short-term credit rating of ‘A1’ with a listing on the Karachi and Lahore Stock Exchanges.

 

A Step Up in Savings

IGI Investment Bank introduces the Step Up Savings Plan, a Certificate of Deposit scheme which provides Investors with the opportunity to deposit their cash for a time period of as little as one month at an annual rate of 8.25%. This is a unique offer provided only by IGI Investment Bank ensuring investors get an annualized rate of 8.25% on their investment along with the flexibility to invest their cash for the duration of their choice.

The Step Up Savings plan offers investors to deposit their cash for duration of 1, 2, 3, 4 or 6 months and 1, 1.5, 2 or 3 years depending on their liquidity requirements. Profits in every category vary according to the profit payment frequency required by the investor; monthly, quarterly, semi-annually or annually. The maximum profit that can be availed is 11% for investors depositing their cash for a period of only 3 years and receiving their profit annually.

The Step Up Savings Plan has been developed as a result of increasing demand for a flexible Deposit Scheme making it ideal for all types of investors, ranging from corporations, high net-worths and real estate dealers to sole proprietors, salaried individuals and housewives.

IGI Investment Bank is licensed by the Securities and Exchange Commission of Pakistan to carry out Commercial Financing and Lending and Leasing Services under the NBFC Rules. Pakistan Credit Rating Agency has awarded IGI Investment Bank a long-term credit rating of ‘A’ and a short-term credit rating of ‘A1’.

Established in 1990, IGI Investment Bank is part of the Packages Group of Companies. For more information please log on to www.igiinvestmentbank.com.pk or call 0800-2-34-34.

 

IGI Fund Select Mall Event

In continuation with its objective to increase awareness about mutual funds, IGI Fund Select is conducting activities throughout various malls in Karachi. Starting on the weekend of November 16th, the Fund Select team will have kiosks at ‘The Forum’ for two weekends and then ‘Park Towers’ for two weekends thereafter to interact with mall shoppers and to promote their mutual funds advisory service. “The objective of the activity is to have direct contact with customers who are interested in investing and saving for their future. We will help them plan, decide, and execute their investment decisions to meet their financial objectives at no additional cost.” said Ambereen Israr,
Head of Fund Select. Along with receiving investment advice, customers will be able to enter a lucky draw contest and win prizes during the event.

Fund Select is IGI Investment Bank’s mutual fund advisory service which started operations in June 2006 and has come a long way in providing education and awareness of mutual funds to investors. It has managed to attract over Rs. 15 billion in investments from both retail and institutional clients since its launch. The company offers a range of tailor-made investment strategies based upon clients’ objectives and financial needs to give them the attractive returns, risk minimization, diversification, tax benefits, convenience and liquidity through personalized solutions.

Fund Select is a division of IGI Investment Bank, a Packages Group company. For more information, please log on to www.igi.com.pk or call toll free on 0800-2-3434.

 

IGI Investment Bank – Mobilizing Investment in the Mutual Fund Industry

IGI Investment Bank’s mutual funds advisory service “Fund Select” has contributed greatly to the mobilization of funds in the mutual fund Industry. At a time when awareness of mutual funds is largely uncommon, Fund Select has managed to attract investments of over Rs.10 billion into various open-end funds in a period of one year since its launch in June 2006.

Licensed by SECP to undertake Investment Finance Services, Fund Select offers a range of tailor-made investment strategies for its clients based upon their objectives and financial needs.  Fund Select employs a highly professional and dedicated team with extensive international and domestic experience in debt and equity markets. The distribution network comprises of over 15 asset management companies, with over 40 funds making Fund Select a truly one-stop-shop-solution for all investment needs.

The Head of Fund Select at IGI Investment Bank, Ambereen Israr said: “Our goal is to provide institutions and individuals with a mutual funds advisory service and to help them plan, decide, and execute their investment decisions to meet their financial objectives at no extra cost.”

Fund Select has come a long way in creating awareness and informing people of the many benefits mutual funds have to offer - attractive returns, risk minimization, diversification, tax benefits, convenience and liquidity through personalized solutions with high service standards in the mutual funds industry.

Fund Select is a division of IGI Investment Bank, a Packages group company. For more information, please log on to www.igi.com.pk or call toll free on 0800-2-3434.

 

IGI Financial Services at the Dawn life style

IGI Financial Services participated in the Dawn Lifestyle Exhibition 2007 held on the 22nd, 23rd and 24th June 2007 at the Karachi Expo Center. The participating organizations were IGI Investment Bank Ltd, IGI Insurance Ltd, and IGI Securities with their respective brands (Fund Select, Travel, Fire, Marine, Auto Insurance and I-Trade).

This was the seventh successful year for the “All about Lifestyles” Exhibition in which companies belonging to different arenas gathered to display & promote their services. The ambience was that of a gala full of people, music, games; the turn out like every year was substantial and the dedication of our team at the IGI Financial Services stall made the event a success for us.

IGI Financial Services is a dynamic family of diversified companies belonging to the Packages Group that provides investment banking, insurance, asset management and full service brokerage in stocks and securities to a variety of customers nationwide. You can call us toll free at 0800-23434 to speak to our representative.

Tax Credit on Investing in Mutual Funds

FUND SELECT, the Mutual Fund Advisory Service of IGI Investment Bank Ltd would like to bring to your attention an opportunity to receive a remarkable tax benefit on your taxable income. As per Section 62 of the Income Tax Ordinance, 2001, you can avail a tax credit of up to Rs. 40,000 by Investing in Mutual Funds.

The amount of tax credit can be calculated in the following way:

  1. Determine the amount on which you may be entitled to receive the tax rebate. It will be either of the following, whichever is lower:
    1. The Actual amount of Investment
    2. 10% of your taxable annual income, or
    3. Rs. 200,000
  2. Identify the average tax rate for your annual taxable income as per the Income Tax Ordinance 2001.

Here is an example. Let's say the total annual taxable income is Rs. 1,800,000 and invested amount is Rs. 500,000 in Mutual Funds. Assuming that the average rate of tax applicable on the annual taxable income is 15%, the schedule below shows the amount of tax credit that will be received:

Total Annual Taxable Income

1,800,000

Average rate of tax*

15 %

Amount Invested in Mutual Funds

500,000

Selection of amount on which Tax Credit is allowed :           Amount of Tax Credit

Amount invested = Rs. 500,000
10 % of Taxable income = Rs. 180,000                               15% x 180,000 = 27,000
Maximum amount = Rs. 200,000

Tax Credit

27,000

Since Rs. 180,000 is the lower of the three amounts, tax credit will be given on this amount. According to the above illustration, the investor will be entitled to a tax credit of Rs. 27,000 (i.e. the investor will pay less tax by this amount) which will be an added benefit on top of the return that will be made on the Mutual Fund Investment. The procedure for claiming the tax credit is simple and easy. The investor has to present a copy of the account statement of the investment in Mutual Funds at the time of filing of tax returns.

investments made in mutual funds before 30th June 2007 shall be eligible for claiming tax credit for the year ending 30th June 2007 and in order to avail tax rebate under Section 62 of the Income Tax Ordinance 2001, you are required to hold your investment for one year. Please feel free to contact your Fund Select Investment Advisor or call us toll free at 0800-23434.

 

First Ever Return Guarantee product developed by IGI Investment Bank for
Open End Mutual Funds

IGI Investment Bank Limited (formerly known as First International Investment Bank Limited - INTERBANK) has been at the forefront in developing innovative products and services for the mutual funds industry. Fund Select is a unique Mutual Funds Advisory service developed by IG Investment Bank in partnership with the Asset Management companies; this advisory has received tremendous response from customers.

IGI Investment Bank now offers a first of its kind Return Guarantee product in the form of Put Option. Put Options on mutual funds is a new concept in Pakistan. A Put Option gives the holder the right but not the obligation to sell mutual funds at a fixed price on or before a given date. Through this Put Option customers can fix an interest rate today on an open-end mutual fund for the cash investments they will receive in future.

IGI Investment Bank shall be offering this option for NAFA Cash Fund and KASB Liquid Fund, NAFA and KASB are the main players in the mutual funds industry in Pakistan. The potential clients for this product are government institutions, financial institutions, insurance companies, private sector companies and individuals.

IGI Investment Bank is one of the country's leading investment banks. It is a joint venture of the International Finance Corporation (IFC) and Packages Group (PG), which also includes International General Insurance – IGI, a major shareholder in IGI Investment Bank Insurance.

IGI Investment Bank is serving individual consumers, small businesses and large corporations and institutions with a broad range of investment banking products and services, including Portfolio Management; Mutual Funds Distribution; Corporate Finance; Commercial Financing and Leasing; Cash and Treasury Management.

INTERBANK Changes Name to IGI Investment Bank
First International Investment Bank (INTERBANK), one of the leading investment banks in the country, has changed its corporate name to IGI Investment Bank Limited, accompanied by a corporate-wide re-branding initiative. 
The decision to change the name was approved overwhelmingly by the shareholders at the Extraordinary General Meeting held on September 22, 2006. The Securities and Exchange Commission of Pakistan (SECP) has also approved this name change.

In conjunction with the name change, the Company's logo will also change. There are no management changes associated with the change in name and corporate image. IGI Investment Bank will now use the new name for all of its operations.

The new name reflects its close ties with International General Insurance (IGI); IGI is a major shareholder in IGI Investment Bank and a prominent business name in the financial sector with the accumulated strengths and experience of more than 50 years behind it. Both IGI Investment Bank and IGI are part of the Packages Group, one of the largest and most respected business conglomerates in Pakistan.

As a diversified investment banking firm, IGI Investment Bank serves individual consumers, small businesses and large corporations and institutions with a broad range of investment banking products and services, including Portfolio Management; Mutual Funds Distribution; Corporate Finance; Commercial Financing and Leasing; Cash and Treasury Management.

 
IGI Investment Bank appointed as Financial Advisor to Hascombe Group
IGI Investment Bank (formerly known as First International Investment Bank - INTERBANK) - the country’s leading wealth management, capital markets and advisory organization - has been appointed as financial advisor for the Hascombe Group for the next three years. 
The scope of the assignment will be to assist Hascombe develop appropriate financial structures and plans; keeping track of strategies and development taking place in Hascombe. INTERBANK will also provide financial solutions to the company; prepare information memoranda and feasibilities for projects.

In addition, INTERBANK will assess and pursue financial opportunities and strategies for three companies of the Hascombe Group, namely, Hascombe Storage (Private) Limited, Hascombe Business Solutions (formerly Gestetner Private Limited) and Sigma Motors (Private) Limited.

The Hascombe Group consists of a number of companies involved in various businesses ranging from oil marketing, lubricants blending and marketing, vehicle assembling and import, office automation solutions, and offshore medical transcription services.

INTERBANK’s Fund Select Advisory Appointed as Investment Advisor for KESC’s Provident Fund
First International Investment Bank Limited (INTERBANK) and Karachi Electric Supply Corporation Limited (KESC) have teamed up to sign an agreement, according to which INTERBANK’s Fund Select Advisory will operate as the investment advisor for KESC Provident Fund.

The senior management from both the organizations attended the Agreement Signing Ceremony.

INTERBANK has taken the lead as an investment bank to represent approximately 25 open-end funds in Pakistan. Fund Select Mutual Funds Advisory is a representative of several asset management companies offering respective Mutual Fund products to its clients. Through this unique service the Bank assists customers in building personal portfolios and also advises on how the combinations of various investment funds can provide them with incremental financial growth.

Fund Select is INTERBANK’s special open end Mutual Funds Advisory Service for corporate and retail investors, encouraging investors to take a critical step towards saving for their future.

Other benefits that the customers can avail through Fund Select Advisory are access to well-recognized fund managers, a full range of investment options, asset allocation program and portfolio optimization. In addition, customers gain the convenience of reports on multiple funds; research and information dissemination through call center; mail; email; SMS.

KESC is the sole distributor of electricity for commercial and residential use since 1913. The Corporation is listed on Karachi, Lahore and Islamabad Stock Exchanges, and employs more than 18000 people.

KESC is principally engaged in generation, transmission and distribution of electric energy to industrial, commercial, agricultural and residential consumers under the Electricity Act, 1910 as amended to date & NEPRA Act 1997, to its licensed areas, spread over entire Karachi and its suburbs up to Dhabeji and Gharo in Sindh and over Hub, Uthal, Vindhar and Bela in Baluchistan. The Company was privatized in November 2005 with the transfer of 73% shares of Government of Pakistan along with Management Control to the new owner viz M/s KES Power & others.
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PACRA assigns 'A+' Rating to the Proposed Secured TFC Issue of First International Investment Bank Limited
The Pakistan Credit Rating Agency (PACRA) has assigned a rating of ‘A+’ (Single A plus) to the proposed secured TFC issue of PKR 500mln by First International Investment Bank Limited (INTERBANK). The rating indicates a low expectation of credit risk and a strong capacity for timely payment of financial commitments.

The rating reflects INTERBANK’s sustained strong risk absorption capacity, which is primarily an outcome of its conservative stance towards risk supported by an effective credit risk management system. However, at the same time, the Bank, due to relatively fine pricing, to ensure good credit quality, and high cost structure, continues to experience subdued profitability. The management, to overcome this impediment and being cognizant of the changing operating environment in the fund-based business, has identified fee-based investment banking activities as main revenue drivers. However, as most of these initiatives are at an initial stage of implementation, any significant impact on revenues and profitability is expected to materialize in the medium-term.

INTERBANK has issued rated, secured and listed TFCs (Term Finance Certificates) of PKR 500mln during the current year. The proposed TFC issue is for a tenor of 5 years carrying a profit rate of 6-months KIBOR plus 225bps. Principal redemption will be in eight equal semi annual installments commencing from the 18th month after the issuance. The instrument will be secured by way of first parri passu charge on present and future assets of the Bank with a 25% margin. The Bank intends to utilize the proceeds of the TFCs to establish its asset management business, strengthen the brokerage function and further expand the investment portfolio.
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INTERBANK introduces Fund Select: A Mutual Funds Advisory Service
First International Investment Bank Limited (INTERBANK) has introduced Fund Select; this is a special open-end Mutual Funds Advisory Service for corporate and retail investors. The announcement was made on July 20, 2006 at a Press Conference held in Sheraton Hotel Karachi, which was attended by senior managers from Asset Management Companies and Financial Institutions; Media Representatives; INTERBANK Management and Mutual Funds Distribution team.
INTERBANK takes the lead as an investment bank to represent approximately 25 open funds in Pakistan. During the soft launch, this service received a tremendous response from both corporate and retail customers.

INTERBANK’s Fund Select Advisory Service is a representative of several asset management companies offering respective Mutual Fund products to its clients. Through this unique service the Bank assists customers in building personal portfolios and also advises on how the combinations of various investment funds can provide them with incremental financial growth.

Other benefits that the customers can avail through Fund Select Advisory are access to well-recognized fund managers, a full range of investment options, asset allocation program and portfolio optimization. In addition, customers gain the convenience of reports on multiple funds; research and information dissemination through call center; mails; email; SMS.

The Fund Select Advisors develops clients’ portfolio by a combination of investments in stock markets, bonds and equity. They also offer a broad range of investment strategies, allowing clients to choose the ones, which best match their risk profiles.
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INTERBANK launches Rs. 500 million TFCs
First International Investment Bank Limited (INTERBANK) is issuing rated, secured and listed Term Finance Certificates (TFCs) of PKR 500mln during the current year. The announcement was publicized in the Abridged Prospectus published on June 30, 2006 in Business Recorder and Nawa-e-Waqt.

The amount of Rs. 500 million comprises of Private Placement (pre-IPO) of Rs. 375 million and Initial Public Offer (IPO) of Rs. 125 million. The TFCs offered to the general public and institutional investors will be in sets of ten (10) TFCs, each set having an aggregate face value of Rs. 5,000/-, or in multiples thereof or such other denomination as may be agreed between INTERBANK and the Pre-IPO investors.

The proposed TFC issue is for a tenor of 5 years carrying a profit rate of 6-months KIBOR plus 225bps. Principal redemption will be in eight equal semi annual installments commencing from the 18th month after the issuance. The TFCs will be open for public subscription on July 10 and 11, 2006, during banking hours.

UBL is the market maker for the TFC and it has agreed in the prospectus to offer a bid/offer quote to small investors, thus giving them an opportunity to buy and sell this TFC during its 5-year life.
The instrument will be secured by way of first parri passu charge on present and future assets of the bank with a 25% margin. The Bank intends to utilize the proceeds of the TFCs to establish its asset management business, strengthen the brokerage function and further expand the investment portfolio.

The Pakistan Credit Rating Agency (PACRA) has assigned a rating of ‘A+’ (Single A plus) to TFC issue. The rating indicates a low expectation of credit risk and a strong capacity for timely payment of financial commitments.

First International Investment Bank Limited (INTERBANK), incorporated in 1990 and listed on Karachi and Lahore Stock Exchanges, is a joint venture of the Packages Group (PG), American Express Bank N.Y. (Amex) and International Finance Corporation, who collectively hold majority of the bank’s equity.
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INTERBANK offers Membership Fee Financing Scheme to Royal Rodale Sports & Recreational Complex
INTERBANK and Royal Rodale Sports & Recreational Complex have teamed up to sign an agreement, according to which the Consumer Financing Division at INTERBANK will provide Membership Fee Financing facility to prospective members of Royal Rodale.

The senior management from both the organizations attended the Agreement Signing Ceremony at the Royal Rodale. This Agreement will facilitate potential clients to avail the exclusive opportunity of becoming a member of this prestigious Club through convenient installment plans offered by INTERBANK. The plan also offers 0% markup facility to those interested in one-year financing term.

The Royal Rodale is exclusively a member-based facility, owned and operated by ABB Recreations (Pvt.) Ltd. The Club offers services to both the corporate and household sectors. It provides an exclusive and extravagant facility for those who like to enjoy and celebrate in complete privacy and retreat.
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INTERBANK arranges investment for Systems Limited
Systems Limited is one of Pakistan’s pioneering Information Technology firms with a strong market presence, since its inception in 1977. The company has also manifested itself strongly in the international market and currently generates nearly USD 7.50 million in revenue.

B.R.R. International Modaraba, First International Investment Bank Limited (INTERBANK), International General Insurance Company of Pakistan Limited (IGI), Pak Oman Investment Company Limited (POIC), Shirazi Investment (Pvt.) Limited and Treet Corporation Limited, have recently invested in the equity of Systems Limited through a private equity transaction, advised and arranged by INTERBANK.
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INTERBANK acquires Finex Securities Limited
First International Investment Bank Limited (INTERBANK) - one of the leading investment banks in the country - has successfully acquired 100% shares of Finex Securities Limited. The strategic acquisition of Finex Securities offers complimentary distribution strength and expanded market coverage to INTERBANK in the financial markets. Established in 1990, INTERBANK has played a pioneering role in the Pakistani financial markets by advising and arranging the first public floatation of corporate bonds, the first issue of corporate commercial paper, and the first bankers’ acceptance program in the country. Finex Securities, with more than one decade of presence in the financial markets has always been in the forefront in equity, money market and forex broking business in Pakistan. Finex’s key strength is the in-depth knowledge and expertise of its employees in their respective business areas and its blue-chip client-base.

INTERBANK is a part of the Packages Group, which comprises of well-established, companies namely Packages Limited, International General Insurance (IGI) Company of Pakistan Limited and Tri-Pack Films Limited. The other major shareholders of INTERBANK are American Express Bank Ltd and International Finance Corporation (IFC).
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INTERBANK and SYSMAX (PVT) LTD. team up to facilitate potential DA Country & Golf Club members
INTERBANK and SYSMAX (PVT) LTD. have teamed up to sign an agreement according to which INTERBANK will provide Membership Fee Financing facility to prospective DA Country & Golf Club members.

The senior management from both the organizations attended the Agreement Signing Ceremony at the SYSMAX office at DA Country & Golf Club to conclude the deal. This Agreement will facilitate potential clients to avail the unique opportunity of becoming a member of the prestigious DA Country & Golf Club through convenient installment plans offered by INTERBANK.

This agreement will strengthen and consolidate INTERBANK’s commitment towards customer facilitation for which the Bank has been working for more than 15 years.

SYSMAX (PVT) LTD. is a group proficient at developing ideal entertainment venues for mixing business with pleasure. DA Country & Golf Club is one of the largest clubs in Pakistan, managed by SYSMAX, the Club provides a relaxed and conducive environment to entertain and conduct business in perfect surroundings.
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