Categorie: IPO / Secondary Offering
Submitted 5 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
Bank Alfalah Limited was incorporated on June 21, 1997 as a public limited company under the Companies Ordinance 1984. The bank is engaged in commercial banking and related services as defined in the Banking Companies Ordinance, 1962. The bank was privatised in 1997.The Abu Dhabi Group, owner of the bank, has invested in technology to have an extensive range of products and services. They broadly include general banking, financial services, Islamic banking, consumer banking, treasury and international banking. Because of its superlative performance over the years, the bank has been assigned short term rating of A1+ and long term rating of AA.Currently, it is operating with a network of 199 branches. This includes 23 Islamic banking branches and 7 foreign branches in Bangladesh, Afghanistan and one wholesale banking unit in Bahrain. Bank Alfalah has expanded its branch network and deposit base, along with making profitable advances and increasing the range of products and services. Bank Alfalah is the 5th largest bank of Pakistan in terms of its assets that are 6% of the total banking sector.The banking sector has expanded rapidly in Pakistan along with the fast paced economic growth. The increased competition has encouraged the banks to come up with services that could satisfy the needs of a large consumer base. The result has been increased profitability of all banks.BAFL's PAT is up by 51% (QoQ) at Rs 998 mi...
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Submitted 5 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
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