Karachi, First Credit and Investment Bank Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 23, 2020 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2020.
Further, the company has declared the closed period from October 16, 2020 to October 23, 2020.
First Credit and Investment Bank Limited was incorporated in Pakistan on August 31, 1989. It is a joint venture company of National Bank of Pakistan and Water & Power Development Authority structured under the Companies Ordinance, 1984 as a private limited company. In November 2003 the company was converted to a public limited company. Subsequently in 2004 it acquired an Investment Banking Services license from the Securities and Exchange Commission of Pakistan. The functions of the business include developing the capital market and corporate debt instrument market of Pakistan. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange.
The bank is engaged in providing both fund and non fund based facilities and advisory services to its customers. The company is also licensed to undertake business of investment finance services as a Non-Banking Finance Company under the Non-Banking Finance Companies rules 2003 issued by the Securities and Exchange Commission of Pakistan.
The symbol “FCIBL” is being used by the stock exchange for the shares of First Credit and Investment Bank Limited.