ISLAMABAD: Prime Minister Raja Pervez Ashraf has appointed Dr Asif A Brohi as president of the National Bank of Pakistan (NBP) for three-year term, said sources.
Earlier, former president Qamar Hussain had tendered his resignation a few weeks ago, said sources, adding that the Finance Division has moved the summary regarding the appointment of Brohi, which was approved by the premier.
According to the notification issued by the Finance Division on Friday, Brohi has been appointed as president of the NBP for three-year term. The State Bank of Pakistan has also endorsed the decision.
During the last few years, the non-performing loans in the National Bank of Pakistan have increased manifold, so the newly-appointed president of the bank will have to take measures to improve the situation.
Sources said that it was the first time that any person within the NBP was appointed at this top slot.
The sources said that it is expected that Brohi knows about the problems being faced by the bank and its staff, he would take measures to improve the performance.
According to the NBP, the government appointed Dr Asif A Brohi, as president and the chief executive officer of the National Bank of Pakistan.
A Masters degree in Business Administration from Northrop, California and Doctorate in Public Administration, he joined the National Bank in 1984 as an assistant vice president.
Prior to becoming president of the bank, Dr Brohi was serving as chief operating officer and head of Commercial and Retail Banking Group of the NBP, and carries rich experience in all spheres of banking spanning over almost three decades.
He has in the past headed the bank’s Operations Group, Strategic Planning Group, Information Technology Group, Culture Change Programme Group and training.
He was also the regional chief executive, Karachi. Prior to joining the NBP, he was assistant professor of management, teaching in various universities in the United States.