First Credit and investment Bank

Limited

Corporate Briefing Presentation

September 30, 2023

At FCIBL, 2nd Floor, SIDCO Avenue Centre, Karachi

At 11:30 am

1

Corporate Briefing

  1. History and Profile
  2. Governance
  3. Investment Banks- Problems / Challenges and FCIBL Standing
  4. Financial Performance
  5. Operations at FCIBL
  6. Permitted Business under IFS License
  7. Conclusion
  8. Q & A

2

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.

3

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 '

4

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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.