FCIBL Introduction:

First Credit and Investment Bank (FCIB) was incorporated in 1989. It is listed on the KSE. The major shareholders of FCIB include NBP and WAPDA. FCIB is engaged in providing various financial services. The credit rating, dated December 24, 2014 of the bank vide the JCR-VIS Credit Rating Company for long term is A- and for short term is A-2, with “Stable” outlook.

FCIB is also allowed to provide consumer financing under the NBFC Regulations issued by the SECP.

Consumer Financing:

FCIBL intends to contribute towards economic activities of the society including financing requirements of individuals. For this purpose it is embarking on providing consumer loans at affordable mark-up secured by liquid collateral to selected clientele.  The main features of the facility are as follows:

• Flexible rates (Linked with 3 Months KIBOR + )
• Early prepayment options available (Condition applies)
• Reasonable margins on collateral.