Escorts Investment Bank
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Escorts Investment Bank

Escorts Investment Bank Limited (EIBL) was incorporated as a public limited company on May 15, 1995 under the Companies Ordinance, 1984 and commenced commercial operations on October 16, 1996. Its shares are quoted on the Karachi Stock Exchange (KSE) and Lahore Stock Exchange (LSE). The Company has been classified as a Non Banking Finance Company (NBFC) under the rules, promulgated for NBFCs by the Securities & Exchange Commission of Pakistan.

The Bank?s activities include morabaha financing, money and capital market operations, corporate finance and advisory services. EIBL, in addition to its existing license to undertake Investment Finance Services, has recently acquired licenses to carry out Leasing & Housing Finance Services and is also considering setting up an Asset Management Company.

EIBL is a group concern of the Escorts Group and was established in collaboration with National Bank of Pakistan (NBP). The co-sponsors of the Bank also include Investment Corporation of Pakistan (ICP). The Escorts Group has vast experience of over thirty-five years in the energy sector and has four wholly owned concerns operating in the power and hotel sectors. A multi billion rupee project, Intercontinental Islamabad, a five star hotel in the capital city, is the newest venture of the Group.

In December 2001, the Board of Directors of Escorts Investment Bank Limited adopted an ambitious Business Plan ?Escorts Beyond 2001? put-up by the newly appointed CEO. Against all odds the plan focused on transforming the Bank from a stagnant low performer to a Proactive, Progressive and Profitable Institution with a focus on genuine Investment Banking activities. The success of Escorts Beyond 2001 is well reflected in Financial Results of the last four years.

EIBL has a network of branches at Lahore, Karachi, Islamabad, Faisalabad and Sialkot
Industry
No. of Employees
101-200
Operating Since
1996
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