Pakistan Banks’ Association (PBA) represents the Pakistan Banking Industry. Established in 1953, its main objective is to coordinate the efforts of the banking industry, and to share a common vision of progress and development with its members.
PBA Membership is institutionalized and is available only to the Banks operating in Pakistan. Currently there are 44 members, categorized into 6 groups (one of these groups is under formation). Its governing body is an Executive Committee (EC) comprising of 14 members, represented by the Chief Executives of the respective member institutions. PBA’s Principal Executive is the Chairman of the Executive Committee, elected periodically from within the EC. Presently, PBA has 11 functional Sub Committees, each chaired by a member of the Executive Committee. Remaining members of the Sub Committees are relevant Executives of member banks. Find more about PBA and it’s governance in the PBA Profile Section. Particulars of members such as their corporate and management profiles, branch networks and financial statements are available in the PBA Members Section.
Over the years the role of PBA has broadened considerably. It is now referred to by the State Bank of Pakistan in formulation of regulations for the banking industry, and has been entrusted with the function of regulating and monitoring certain services provided to the banking industry by outside service providers. These service providers include ‘Professional Valuers’, who are evaluators allowed to appraise the values of assets collateralized to banks, and Security Agencies offering security services to the Banking Industry. For details visit the PBA Panels Section.
Pakistan Banks’ Association was constituted as a Private Limited Company on 31st March 1953.
Its controlling body is the Executive-Committee, which presently comprises of fourteen members. Each member of the Executive-Committee is the Chief Executive of a member Financial Institution.
The Executive-Committee is elected by the PBA members for a period of one year. Now, the term of the Executive Committee runs from January 1 of the year to December 31 of that year.
After appointment, the Executive-Committee members elect its Chairman and two Vice Chairmen. The Chairman of the Executive Committee is the Chairman of PBA. PBA Chairman is the Principal Executive of PBA.
The Executive Committee holds meetings on a regular basis to discuss, resolve, and execute the ongoing issues put up to PBA. These meetings are usually held once a month, but depending on the requirement, they are also held more frequently.
Being a Private Limited Company, PBA also holds Annual General Meetings, and, as per need, Extra Ordinary General Meetings to carry out business required to be done therein under the law, and as required by it’s charter (Articles of Association).
PBA has 11 functional Sub-Committees to handle respective issues. The Chairman of each Sub-Committee is a member of the Executive-Committee. These Sub-Committees include the following:
- PBA Sub-Committee for Accounting and Taxation
- PBA Sub-Committee for Agricultural Finance
- PBA Sub-Committee for Basel II, Corporate Governance & Compliance
- PBA Sub-Committee for Consumer Banking
- PBA Sub-Committee for Credit
- PBA Sub-Committee for General Banking, Operations & I.T.
- PBA Sub-Committee for Islamic Banking
- PBA Sub-Committee for Legal
- PBA Sub-Committee for Microfinance
- PBA Sub-Committee for SME/DFIs
- PBA Sub-Committee for Treasury & Capital Markets
These Sub-Committees meet as and when required to deal with the issues faced by PBA on the particular aspects concerning the Sub-Committees.
PBA membership is open to the Financial Institutions operating in Pakistan. It currently has 44 members. The members are broadly categorized into following six groups:
- Nationalized Commercial Banks and Government Owned Banks
- Privatized Banks
- Development Financial Institutions
- Small and Medium Enterprise (group under formation)
- Private Banks
- Foreign Banks