First Credit and investment Bank
Limited
Corporate Briefing Presentation
September 30, 2023
At FCIBL, 2nd Floor, SIDCO Avenue Centre, Karachi
At 11:30 am
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Corporate Briefing
- History and Profile
- Governance
- Investment Banks- Problems / Challenges and FCIBL Standing
- Financial Performance
- Operations at FCIBL
- Permitted Business under IFS License
- Conclusion
- Q & A
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History and Profile
- FCIBL was Established in 1989-90 as Joint Venture of NDFC and WAPDA with the name of First Credit & Discount Corporation (Pvt) Ltd (FCDC)
- The initial capital was Rs. 10 million equally contributed by NDFC and WAPDA. Subsequently, in 1995-96 with Right of issue of Rs. 25 million its capital became Rs. 35 million.
- Prime function of FCDC was to develop primary and secondary market of WAPDA Bonds.
- Till 2004 FCDC handled various issues of WAPDA / CAA Bonds worth more than Rs.30.0 Billion in the capacity of advisor, arranger, market maker, paying agent, underwrite and trustee.
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History and Profile
- In 2006 renamed as FCIBL.
- During 2006 it expanded its mandate & scope by obtaining License to provide Investment Finance Services (Investment Banking).
- During 2008-9, it got its shares listed on Karachi Stock Exchange by floating IPO of Rs. 250 million.
- An Investment Bank having credit rating of
(By VIS Credit Rating Company -December 30, 2022)
Long Term Rating | Short Term Rating |
A | A2 |
Outlook 'Stable '
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First Credit & Investment Bank Ltd. published this content on 20 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2023 08:34:03 UTC.