About Us
FCIB is a joint venture company
of National Bank of Pakistan (NBP) and Water & Power Development
Authority (WAPDA). It was incorporated on August 31, 1989 as First
Credit & Discount Corporation (Pvt.) Limited (FCDC), a private limited
company under the Companies Ordinance 1984 with the objective of
catalyzing development of Pakistan’s capital market; especially the
corporate debt instrument market. Initially the company successfully
managed a number of bonds issues for Water And Power Development
Authority (WAPDA) and Civil Aviation Authority. 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 (SECP) and was renamed as First
Credit And Investment Bank Limited (FCIB). FCIB made an initial public
offering of Rs. 250 million in August 2008 and has been listed on the
Karachi Stock Exchange.
FCIB is playing a
pivotal role as a prime financial institution engaged in promoting
development and growth of business entities by providing a range of both
fund and non-fund based facilities and advisory services. |
