Industrial Development Bank - Functions

Functions

Development banking business

  • Provides guarantee, loans
  • Provides medium and long term finances

Commercial banking business

  • Bills
  • Deposits
  • Foreign exchange accounts
  • Guarantees
  • Letter of Credit
  • Remittances
  • Short term advances

Merchant banking business

  • Bridge financing
  • Leasing
  • Underwriting of public issue of shares

Collection of utility bills

  • Gas bills at branches in Karachi
  • Telephone bills at all branches

Administers of the equity participation fund

Equity investment/trading

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