Press Releases

2015-14


Bank Alfalah earns Profit before Taxation of Rs. 10.283 Billion at the end of third quarter 2015



Islamabad, 22 October 2015: Bank Alfalah’s financial results for the nine month period ended September 2015 remained positive, with the Bank registering profit before taxation of Rs. 10.283 Billion – a solid growth of 68 percent, as against the corresponding period last year. The Bank’s Profit after tax was recorded at Rs. 6.044 Billion in September 2015 as compared to Rs. 4.015 Billion in September 2014.

Earnings per Share improved to Rs. 3.80 at the end of the third quarter 2015 from Rs. 2.92 reported in September last year.

“Bank Alfalah continues to grow consistently and deliver sound financial performance despite a challenging external environment. We continue to increase our profitability and for the first time in the Bank’s history, our profit before taxation has crossed the Rs. 10 billion mark. We are optimistic that we will continue to maximize shareholder value while creating innovative solutions to help our customers succeed,” said Atif Bajwa, President & CEO, Bank Alfalah.

Expense management controls were further strengthened during the period and resultantly the Bank’s cost to income ratio stood at 56 percent, a significant improvement from 67 percent for the prior corresponding period.

The Bank’s total assets at the Balance Sheet date stand at Rs. 789.413 Billion, increasing by 6.2 percent from the year end position in 2014. The Bank’s lending activity remained healthy with Net Advances reported at Rs. 302.113 Billion in September 2015 as against Rs. 290.597 Billion in December last year.

As at 30 September 2015, the Bank’s Non-performing loans (NPLs) ratio at 5.8 percent, is better than the industry average.

The Bank remains adequately capitalized and committed to providing unrivalled banking services to its customers.

For details, please contact:

 

Salimah Shiraj

Head of Corporate Communications

Bank Alfalah

2nd Floor, B.A Building, I.I Chundrigar Road,

Karachi, Pakistan

Email: salimah.shiraj@bankalfalah.com


Bank Alfalah Partners with Ria to offer Money Transfer Payout Services in Pakistan



KARACHI, 11 November 2015 – Bank Alfalah and Ria Money Transfer (“Ria”), a global leader in international money transfer and payment services, have partnered to offer money transfer payout services in Pakistan.

This partnership allows Ria customers from all over the world to send money to their beneficiaries in Pakistan, with greater convenience for their family and friends who can now collect cash in minutes from more than 600 Bank Alfalah branches spanning over 200 cities across Pakistan. Bank Alfalah account holders can also receive funds directly to their bank account.

Atif Bajwa, President and CEO of Bank Alfalah said, “At Bank Alfalah, we find new and better ways to take our customers forward and we do this by understanding their evolving needs and enhancing our service capabilities to meet those needs. The foreign remittance market has been growing consistently over the years and Bank Alfalah’s partnership with Ria will allow us to grow our remittance outreach and enhance our service options.”

Juan Bianchi, President and CEO of Ria Money Transfer added, “Our agreement with Bank Alfalah allows Pakistanis living abroad to send money to their families and loved ones through thousands of Ria locations worldwide. We’re pleased to begin our partnership with Bank Alfalah to provide an alternative and affordable service which seeks to benefit Pakistani expatriates and their beneficiaries.”

Millions of Pakistanis live outside their country of birth with the majority residing in the Middle East. According to the World Bank, remittance inflows to Pakistan totalled $17.1 billion in 2014.

For details, please contact:

 

Salimah Shiraj

Head of Corporate Communications

Bank Alfalah

2nd Floor, B.A Building, I.I Chundrigar Road,

Karachi, Pakistan

Email: salimah.shiraj@bankalfalah.com


Bank Alfalah earns Profit before Taxation of Rs. 10.283 Billion at the end of third quarter 2015



KARACHI, 22 October 2015: Bank Alfalah’s financial results for the nine month period ended September 2015 remained positive, with the Bank registering profit before taxation of Rs. 10.283 Billion – a solid growth of 68 percent, as against the corresponding period last year. The Bank’s Profit after tax was recorded at Rs. 6.044 Billion in September 2015 as compared to Rs. 4.015 Billion in September 2014.

Earnings per Share improved to Rs. 3.80 at the end of the third quarter 2015 from Rs. 2.92 reported in September last year.

“Bank Alfalah continues to grow consistently and deliver sound financial performance despite a challenging external environment. We continue to increase our profitability and for the first time in the Bank’s history, our profit before taxation has crossed the Rs. 10 billion mark. We are optimistic that we will continue to maximize shareholder value while creating innovative solutions to help our customers succeed,” said Atif Bajwa, President & CEO, Bank Alfalah.

Expense management controls were further strengthened during the period and resultantly the Bank’s cost to income ratio stood at 56 percent, a significant improvement from 67 percent for the prior corresponding period.

The Bank’s total assets at the Balance Sheet date stand at Rs. 789.413 Billion, increasing by 6.2 percent from the year end position in 2014. The Bank’s lending activity remained healthy with Net Advances reported at Rs. 302.113 Billion in September 2015 as against Rs. 290.597 Billion in December last year.

As at 30 September 2015, the Bank’s Non-performing loans (NPLs) ratio stands at 5.8 percent is better than the industry average.

The Bank remains adequately capitalized and committed to providing unrivalled banking services to its customers.

Bank Alfalah announces solid half yearly financial results with Profit before Provisions and Taxation at Rs. 7.787 Billion

KARACHI, 20 AUGUST 2015 – Bank Alfalah’s results for the half year ended June 2015 remained positive, with the Bank registering profit before provisions and taxation of Rs. 7.787 Billion – an impressive growth of 85 percent, as against the corresponding period last year. Profit after tax for the half year period was reported at Rs. 3.704 Billion, as against Rs. 2.610 Billion for the corresponding period last year. This reflects an improvement of 42 percent, despite a significant tax impact considered in the current period on account of recent changes enacted to tax laws.

Expense management controls were further strengthened and resultantly the Bank’s cost to income ratio stood improved at 58 percent.

“The Bank has delivered sound financial performance during the first half of the year. We are optimistic that we will continue to create further value in the lives of the people we touch,” said Atif Bajwa, President & CEO, Bank Alfalah.

The Bank’s total assets at the Balance Sheet date stand at Rs. 785.800 Billion, increasing by 6 percent from the year end position. The Bank’s CASA percentage improved from 69 percent at December 2014 to 76 percent at June 2015. The Bank’s lending activity remained healthy, and with Gross Advances reported at Rs.319.177 Billion, the Bank’s ADR stands at 53 percent, better than the industry average levels in general.

As at 30 June 2015, the Bank’s Non-performing loans (NPLs) ratio stands at 6 percent. The Bank’s NPL coverage has improved to 78 percent.

The Pakistan Credit Rating Agency (PACRA), while maintaining the long-term and short-term entity ratings of Bank Alfalah at “AA” (Double A) and “A1+” (A One Plus) respectively, has assigned an improved “Positive” outlook to these ratings. The positive outlook captures the Bank’s ability to enhance its profile amidst a competitive banking landscape. Strengthening of the Bank’s capitalization (mainly Tier 1), further granularity in the advances and deposits book, rationalising advances concentration, and sustaining asset quality were critical aspects that were considered as part of the outlook enhancement.

Bank Alfalah pays tribute to Pakistan’s Olympic Boxing Medalist, Hussain Shah

KARACHI, 13 AUGUST 2015 –On the eve of Independence Day, Bank Alfalah gave tribute to Pakistan’s national hero, Syed Hussain Shah by presenting a cheque of Rs. 2 million to the Olympic Boxing Medalist. To recognise the contribution that Hussain Shah has made to the nation, the tribute was given at the premiere of the Bank Alfalah sponsored movie SHAH – a movie based on Hussain’s true story.

 

As part of its longstanding commitment to foster emerging talent in Pakistan, Bank Alfalah supported Adnan Sarwar – a young man who believed in himself and was determined to make a movie on his childhood hero, Hussain Shah. An emerging talent in film making, Bank Alfalah’s Rising Talent Adnan Sarwar is the writer, debutante director and lead actor of the movie.

 

Speaking at the event, Atif Bajwa – CEO, Bank Alfalah said “At Bank Alfalah, we foster emerging talent and we want to play our role in ensuring that our future generations take pride in our national heroes and are inspired to follow their footsteps. We are committed to make Pakistan a place where new talent is nurtured and given opportunities to live to their fullest potential”.

 

“I had no prior experience of film making. But I had the passion and determination to turn my dream into reality. I will always remain thankful to Bank Alfalahfor believing in me. I hope that my story will inspire many others to go after what they want in life,” said Adnan Sarwar at the movie premiere.

 

Also present at the event were Hussain Shah, who came to Pakistan to especially attend the event, leading celebrities, media personnel and senior representatives of the Bank.

 

Shah is an independent film based on the true story of the national boxing legend, Hussain Shah, a homeless child from the streets of Karachi, who went on to become the only Pakistani athlete to win an individual medal at the Olympic Games in the last 50 years. Hussain Shah dominated Asian boxing for nearly a decade before becoming the first South Asian in history to win an Olympic Bronze Medal in boxing at the 1988 Seoul Olympics.

 

Introduced last year, Bank Alfalah’s Rising Talent Programme inspires and recognises young, upcoming talent in the country and provides them with meaningful opportunities. Rising Talent provides a platform for young people who are talented, think differently, and have the will to fight all odds. During the recent past, Bank Alfalah has announced Rising Talent Awards in Fashion, Polo and Cricket. The Bank intends to continue looking for such young talented individuals and help transform ambitions into reality.

Bank Alfalah brings MasterCard Internet Gateway System to Pakistan

Bank Alfalah and MasterCard recently signed an agreement to bring MasterCard Internet Gateway System (MIGS) to Pakistan. The system connects online merchants and websites with customers by accepting credit cards on the internet. This partnership is of great significance as it brings together Pakistan’s leading card services provider, Bank Alfalah and the worldwide innovation pioneer in payments space, MasterCard International.

Speaking on the occasion, Mr. Atif Bajwa, President & CEO, Bank Alfalah said, “we continue our quest to develop a world class payments eco system in Pakistan that creates value and convenience for customers, merchants, and partners. Bank Alfalah will leverage its flagship merchant acquiring business to develop the e-commerce space through MIGS in the country.”

Mr. Aurangzaib Khan, Country Manager – Pakistan and Afghanistan, MasterCard said, “We are delighted to announce this deal with Bank Alfalah as we continue to drive the evolution of payments in Pakistan. Business owners can now easily take their businesses online and offer their customers the convenience and security of online payments.”

For details, please contact:

 

Salimah Shiraj

Head of Corporate Communications

Bank Alfalah

2nd Floor, B.A Building, I.I Chundrigar Road,

Karachi, Pakistan

Email: salimah.shiraj@bankalfalah.com

Tel: (021) 111-777-786 Ext 2638

 

Stephanie King
H+K Strategies

MasterCard
Stephanie.King@hkstrategies.com
04 3344 930

Note to the Editor:

About Bank Alfalah:

Since its inception, Bank Alfalah has grown rapidly to become Pakistan’s fifth largest private bank, the largest issuer and acquirer of credit cards and one of the largest Islamic Banking businesses in the country. The Bank has a network of over 600 branches spanning more than 200 cities with presence in Afghanistan, Bangladesh and Bahrain in addition to a representative office in the UAE. The Bank serves more than 1 million corporate, retail, small business, agricultural, Islamic and asset financing customers.

About MasterCard:
MasterCard (NSYE: MA), www.mastercard.com is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, travelling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter: @MasterCardMEA, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the MEA Engagement Bureau.

Bank Alfalah launches Alfalah Green Mortgage

Bank Alfalah recently launched Alfalah Green Mortgage in collaboration with its panel of solar energy experts, Grace Solar Pakistan™, EBR Energy Pakistan (Pvt.) Limited and JKS (Pvt.) Ltd. A complete solar solution, the Alfalah Green Mortgage is a simple and affordable loan product that allows homeowners to finance a residential solar system and gain benefits such as lower electricity bills, tax credits and a steady source of energy.

The partnership also provides a great opportunity for solar energy professionals to gain access to transparent and tangible investments in the booming home solar market.

“At Bank Alfalah, we aim to create value for our customers and communities responsibly. The Alfalah Green Mortgage helps people combat the energy crisis in the country by making alternate energy solutions affordable and easily available,” said Khurram Hussain, Group Head Retail (Central & North) & Consumer Banking at the launch ceremony. “This products enables customers to repay the loan in easy installments over a stretched period of time and showcases Bank Alfalah’s commitment to the social well-being of the communities in which we live and operate,” he added.

“Alfalah Green Mortgage will helptap Pakistan’s solar potential to increase access to energy for communities,” said Mr. Khurram Jan, CEO, JKS (Pvt.) Limited. ”We look forward to our partnership with Bank Alfalah as we share the same commitment to support the diversification of Pakistan’s energy sources byintroducing renewable energy financing initiatives in Pakistan”.

Pakistan has been gripped by severe energy shortages for some years with parts of the country facing electricity cuts for up to 20 hours a day. According to a recent news report, the country has an installed electricity capacity of 22,797 megawatts (MW), but production stands at a dismal 12,000 MW. In recent years, electricity demand has risen to 19,000 MW.

Bank Alfalah has been a strong proponent of renewable energy. The Bank has integrated environmental and sustainable development criteria into its lending and investment decision making processes, and has established deep relationships with many clients in the clean energy sector. Leveraging on its expertise in sustainable business, Bank Alfalah aims to develop renewable energy financing products and services to facilitate a reduction in the carbon footprint in Pakistan. It also plans to play a role in helpingimprove the solar industry’s access to capital to facilitate increase of distributed solar power in Pakistan.

For details, please contact:

Salimah Shiraj

Head of Corporate Communications

Bank Alfalah

2nd Floor, B.A Building, I.I Chundrigar Road,

Karachi, Pakistan

Email: salimah.shiraj@bankalfalah.com

Tel: (021) 111-777-786 Ext 2638

Note to the Editor:

About Bank Alfalah:

Since its inception, Bank Alfalah has grown rapidly to become Pakistan’s fifth largest private bank, the largest issuer and acquirer of credit cards and one of the largest Islamic Banking businesses in the country. The Bank has a network of over 600 branches spanning more than 200 cities with presence in Afghanistan, Bangladesh and Bahrain in addition to a representative office in the UAE. The Bank serves more than 1 million corporate, retail, small business, agricultural, Islamic and asset financing customers.

Grace Solar Pakistan™

Grace Solar established since 2006, is an energy solutions provider operating through Pakistan and Afghanistan offering services in solar, wind, hydro, and thermal sectors. The organization has worked countrywide from the deserts of Tharparkar to the valleys of Gilgit-Baltistan, leaving its footprint of environmental protection, social responsibility, renewable energy solutions and energy awareness throughout the country. It aims to create energy revolution in the country, whereby the vicious cycle of energy deficiency is broken, helping individuals becoming self-reliant and progressive in their daily routines. Working with various national and international partners, the organization is committed towards providing customized, resource efficient solutions to all its clients, for a better and brighter Pakistan. Grace Solar is also a proud technical partner and official representative of many American and European solar brands such Lorentz, OutBack Power, Apollo Solar, Dulas, Senersun and Canadian Solar, which promise credibility to client’s investment due to the highest reliability standards.

JKS (Pvt.) Ltd

JKS (Private) Limited was incorporated in the year 2003 as a sister concern company of U.C.C. (Private) Limited. The Company has successfully installed more than 200 solar systems for telecommunication towers at various places in Pakistan. JKS embarked upon the arena of Solar Energy Solutions business in the year 2010. The Company is in technical collaboration with world’s renowned multinational solar equipment manufacturing companies. They are representatives in Pakistan of many internationally recognized companies in the field of renewable energy such as Canadian Solar, Sharp Japan, Schneider Electric, Rifin and Trojan Battery USA. The Group Company U.C.C. (Pvt.) Ltd. started its business in 1975. It is now a group of companies working in the fields of Electrical, Civil, and Telecommunication & Solar Energy Projects. Currently JKS is recognized as one of the top firms of the country contributing its role in the national development not only in the Engineering Fields but also in Human Resource Management.

EBR Energy Pakistan (Private) Limited

EBR Energy Pakistan (Private) Limited is a trusted partner for innovative and smart energy solutions across Pakistan. Since its inception in 2009, EBR Energy has placed customers’ success as a focus of their activities. This single focus has enabled them to constantly improve their internal processes to meet and exceed our customers’ expectations.  With more than 50% of its staff having advance engineering or technical degrees, they ensure that their products have the optimal solution for the specific customer needs.  From the initial design to post-installation maintenance and monitoring, EBR Energy has the proven track record with customers.

 

 Bank Alfalah partners with IBP to develop human capital in Pakistan

KARACHI, 19 May 2015 – Bank Alfalahsigned an agreement with the Institute of Bankers, Pakistan (IBP)– one of the leading training institutionsfor the banking industry in Pakistan – for building capacity of the Bank’s human resources. Under the partnership, key learning initiatives will jointly be launched by IBP and Bank AlFalah.This first-of-its-kind arrangement between a Bank and IBP will offer special programmes designed for different branch banking positions.

Speaking on the occasion,Mr. Atif Bajwa, President and CEO of Bank AlFalah said that “Bank Alfalah recognizes the importance of developing human capital by attracting, training and retaining best talent. Our partnership withIBP will enable Bank Alfalah to gain leadership in fostering talent and develop top quality bankers for the industry.”

Mr. Haroon Rasheed, CEO of IBP appreciated Bank Alfalah’s focus on developing its people and fast becoming a learning ground for young bankers. He said that it was imperative to improve the quality of bankers in Pakistan and that training and development had been recognized as a key challenge by the State Bank of Pakistan. “At IBP,we strive to provide quality capacity building opportunities for the banking industry in Pakistan. It is essential for banks to invest in enhancing the knowledge base and skills of their people,” he said.

Awards and shields were distributed among the employees who had completed different trainings, conducted by IBP. The senior management of Bank Alfalah and the Institute of Bankers were present at the signing ceremony.

Bank Alfalah focuses on providing learning and development opportunities to nurture talent. Almost 700 learning programmes catering to 8,400 employees were offered by the Bank last year. Nearly 100 Bank Alfalah employees, participated in various courses offered by IBP while over 300 employees, the highest number among all banks in Pakistan, took the IBP’s Superior Qualification (ISQ) testin 2014.

For details, please contact:

Salimah Shiraj

Head of Corporate Communications

Bank Alfalah

2nd Floor, B.A Building, I.I Chundrigar Road,

Karachi, Pakistan

Email:  salimah.shiraj@bankalfalah.com

Tel: (021) 111-777-786

 

Note to the Editor:

About Bank Alfalah (www.bankalfalah.com):

Since its inception, Bank Alfalah has grown rapidly to become Pakistan’s fifth largest private bank, the largest issuer and acquirer of credit cards and one of the largest Islamic Banking businesses in the Country. The Bank has a network of 648 branches spanning more than 200 cities with presence in Afghanistan, Bangladesh and Bahrain in addition to a representative office in the UAE. The Bank serves more than 1 million corporate, retail, small business, agricultural, Islamic and asset financing customers.

About the Institute of Bankers, Pakistan (www.ibp.org.pk)

The Institute of Bankers Pakistan (IBP) is Pakistan’s only recognized Institute dedicated to providing technical training services for the banking industry in the country. Established in 1951 with the technical support and partnership of the Institute of Bankers (UK), IBP is a not-for-profit entity incorporated under the Companies Ordinance 1984. At the time of inception, the IBP was formed with the sole purpose of administering the banking diploma program, earlier known as the DAIBP program, which has now been revised and renamed to the IBP Superior Qualification (ISQ) certification. Over time, IBP’s scope of activities has significantly broadened and apart from offering and conducting the ISQ certification. IBP aims to provide a strong technical training platform for on-going personal growth and a reliable yardstick for assessing the quality and depth of knowledge and skills acquired. The breadth of training, education and professional development programs at the Institute cover all major banking disciplines including: operations, branch banking, consumer, credit, risk, compliance, governance, Islamic Banking, SME, microfinance etc. The Institute caters to the needs of the industry professionals and its members as well as prospective entrants of the banking industry.

Four Designers Vie for Bank Alfalah’s Rising Talent Award at Fashion Pakistan Week

 

KARACHI, 31 March 2015 – Four emerging fashion designers showcased their talent through Bank Alfalah’s “Rising Talent – Discovering the Potential of Pakistan” platform at the opening of Fashion Pakistan Week (FPW) today. Bank Alfalah’s Rising Talent Programme aims to motivate, inspire and recognise young and upcoming talent in the country and provide them with opportunities to showcase their talent.

Last year, Bank Alfalah announced the first of its kind “Rising Talent Award” at the Fashion Pakistan Week. Through the award, the Bank provides a prestigious platform for four young designers to showcase their designs and also gives a cash award of Rs.500,000 to the most promising upcoming designer. Hassan Riaz and Momal Zia from the Pakistan Institute of Fashion Design and Rimsha Shakir and Shehza Azhar from the Indus Valley School of Art and Architecture will contend for the Rising Talent Award at FPW this year. The winner will be chosen through a transparent online voting process.

Speaking about the Rising Talent Programme, Atif Bajwa, President & CEO of Bank Alfalah said “Bank Alfalah has always supported entrepreneurs and individuals with potential to contribute to the country’s economic growth. Through the Rising Talent Programme, we encourage and provide meaningful opportunities to deserving and talented youth. The Programme also aims to enhance the image of Pakistan by showcasing stories of optimism and ingenuity. I look forward to a long-term, sustainable partnership with the Fashion Pakistan Council to positively impact our fashion industry by supporting young talent to drive Pakistan’s economy.”

The Fashion Industry in Pakistan has grown significantly over the last decade, playing a pivotal role in not only boosting the image of Pakistan globally but also generating significant revenue. Bank Alfalah has been supporting fashion bodies operating in the country, including the Fashion Pakistan Council as well as the PFDC.

The Fashion Pakistan Council (FPC) designers’ collections are available for viewing at http://www.facebook.com/pakistanfashion.org.

For details, please contact:

Salimah Shiraj

Head of Corporate Communications

Bank Alfalah

2nd Floor, B.A Building, I.I Chundrigar Road,

Karachi, Pakistan

Email: salimah.shiraj@bankalfalah.com

Tel: (021) 111-777-786 Ext 2638

Bank Alfalah earns Rs. 8.514 bn profit before tax

KARACHI, 27 March 2015 – Bank Alfalah delivered strong financial results with profit before taxation of Rs. 8.514 billion for the year ended 31 December 2014, as compared to Rs. 6.807 billion earned in 2013, registering an increase of 25 percent over the previous year. Earnings per share increased by 20 percent and were reported at Rs. 4.09 as against Rs. 3.41 in 2013.

During the 23rd Annual General Meeting (AGM) of the Bank held on Friday, the shareholders were informed that the Bank’s deposits stood at Rs. 606 billion at year end, witnessing a growth of 15.3 percent over the year 2013. Gross advances increased from Rs. 274 billion to Rs. 305 billion at end of December 2014, reflecting a year on year growth of 11.3 percent.

At the AGM, shareholders were informed that the Bank registered a balance sheet growth of 22 percent, with net investments increasing by 48 percent during 2014. The Bank’s current Capital Adequacy Ratio stands at 12.75 percent, as per Basel III standards. The Bank’s Islamic Banking business continues to serve as one of the largest Islamic Banking window operations in Pakistan and generated a profit before tax of Rs 1.142 billion for the year 2014.

Speaking at the occasion, Atif Bajwa, President & CEO of Bank Alfalah said “The Bank has delivered sound financial performance along with strong and consistent long-term shareholder returns in a tough business environment. Understanding our customers’ needs, developing innovative financial solutions and building long-term relationships are the foundations of our commitment to our customers. We are optimistic that we will continue to create further value in the lives of the people we touch.”

The  AGM of the Bank was chaired by Abdulla Khalil Al Mutawa and attended by other Board members, including Khalid Mana Saeed Al Otaiba, Nadeem Iqbal Sheikh and Atif Bajwa, senior management of Bank Alfalah and the Bank’s shareholders.

For details, please contact:

Salimah Shiraj

Head of Corporate Communications

Bank Alfalah

2nd Floor, B.A Building, I.I Chundrigar Road,

Karachi, Pakistan

Email: salimah.shiraj@bankalfalah.com

Tel: (021) 111-777-786 Ext 2638

 

Bank Alfalah and USAID to Provide Access to Credit for Small and Medium Enterprises

Under the “US Pakistan Partnership for Access to Credit” initiative, Bank Alfalah has recently partnered with The United States Agency for International Development (USAID) to provide financial services to Small and Medium Enterprises (SME) across Pakistan. This 8-year collaboration will provide support to entrepreneurs, help create new jobs and facilitate broad based economic growth in the country. Under this partnership, the United States will provide $10 million that will back $60 million worth of loans given by partnering banks to SMEs in Pakistan.

The SME sector plays a pivotal role in the economic growth of Pakistan, contributing to more than 30 percent of GDP and over 70 percent to the overall employment in the country. According to the State Bank of Pakistan, SMEs face tremendous challenge in getting the right set of facilities and services and less than 10 percent of SMEs have access to any formal credit from the Banking sector.

Speaking about the partnership, Head of SME at Bank Alfalah, Mr. Javed Iqbal said “Bank Alfalah focuses on understanding the holistic needs of our customers and providing complete banking solutions that meet the financial, non-financial, transactional, investment and advisory needs of our SME customers”. He added that “the Bank strives to enhance inclusion of the unbanked masses into the financial mainstream”.

Bank Alfalah is the first Bank in Pakistan to have launched an SME Toolkit. Through this unique and one-of-its-kind offering, the Bank provides business development tools and knowledge to SME customers across Pakistan enabling them to make better and more informed business decisions.

USAID has entered into agreement with Bank Alfalah, JS Bank, Khushhali Bank and              The First MicroFinanceBank.

For details, please contact:

Salimah Shiraj

Head of Corporate Communications

Bank Alfalah

2nd Floor, B.A Building, I.I Chundrigar Road,

Karachi, Pakistan

Email: salimah.shiraj@bankalfalah.com

Tel: (021) 111-777-786 Ext 2638

About Bank Alfalah:

Since its inception, Bank Alfalah has grown rapidly to become Pakistan’s fifth largest private bank, the largest issuer and acquirer of credit cards and one of the largest Islamic Banking businesses in the country. The Bank has a network of over 600 branches spanning more than 200 cities with presence in Afghanistan, Bangladesh and Bahrain in addition to a representative office in the UAE. The Bank serves more than 1 million corporate, retail, small business, agricultural, Islamic and asset financing customers.

For more details, visit www.bankalfalah.com

About USAID

United States Agency for International Development (USAID) is one of the U.S. Government agencies and is working to end extreme global poverty and enable resilient, democratic societies to realize their potential.

The primary focus of the U.S. civilian-assistance program is to develop a stable, secure and tolerant Pakistan with a vibrant economy. Working with other U.S. agencies, as well as donors and international development partners, USAID has focused its program over the last year on five areas essential to Pakistan’s stability and long-term development and reflective of Pakistani priorities: energy, economic growth, stabilization, education and health.

For more details, visit http://www.usaid.gov/pakistan

 

Bank Alfalah Partners with American Express to exclusively issue American Express Cards  in Pakistan

 SINGAPORE – Bank Alfalah recently signed an agreement with American Express, a global services company. Under this strategic partnership, Bank Alfalah will exclusively issue the Centurion line of American Express Cards and other American Express products and services as well as acquire merchants to provide a superior customer experience to both consumers and corporates in Pakistan.

This partnership between Bank Alfalah and American Express will help provide innovative payment and travel /expense management solutions for individuals and businesses in Pakistan. It will also help both companies to expand their footprint across the country.

“Bank Alfalah and American Express share an incredibly strong commitment to delivering the highest levels of customer service, innovation and value to our customers. The Bank has never lost sight of the important role we play in the lives of our customers. This partnership will help us provide industry-leading benefits, access to unique experiences, and global customer care to our customers,” said Atif Bajwa, President and CEO, Bank Alfalah.

“Pakistan is a dynamic market poised for growth and presents many opportunities, especially in the financial sector. The partnership with Bank Alfalah marks a major milestone for us and we look forward to a long and successful relationship. I hope that American Express’ global expertise in the Cards market space coupled with Bank Alfalah’s strength in the local banking segment shall drive success for both the partners.  And, I am sure that Bank Alfalah’s local reach and power will help connect businesses in this market to over 100 million American Express Card Members around the world,” said Mr. Y.C Koh, President, Card Services Asia, American Express, at the ceremony.

Bank Alfalah is Pakistan’s largest card issuer and acquirer with a premium network of card members, and is a trusted partner for its nationwide card merchants.

American Express is one of the world’s most respected brands with core brand attributes of quality, security and trust. It is dedicated to supporting its relationships with banks and financial institutions and its over 150 strong partnerships in 128 markets across the world bears testimony to this.

For details, please contact:

Salimah Shiraj

Head of Corporate Communications

Bank Alfalah

2nd Floor, B.A Building, I.I Chundrigar Road,

Karachi, Pakistan

Email: salimah.shiraj@bankalfalah.com

Tel: (021) 111-777-786 Ext 2638

 

Aarti Deepak Taneja

Public Affairs & Communications

American Express Banking Corp.

India & Area Countries

Tel: (91-124) 474-3903

Email: aarti.d.taneja@aexp.com

 

Note to the Editor:

 About Bank Alfalah:

Since its inception, Bank Alfalah has grown rapidly to become Pakistan’s fifth largest private bank, the largest issuer and acquirer of credit cards and one of the largest Islamic Banking businesses in the country. The Bank has a network of over 600 branches spanning more than 200 cities with presence in Afghanistan, Bangladesh and Bahrain in addition to a representative office in the UAE. The Bank serves more than 1 million corporate, retail, small business, agricultural, Islamic and asset financing customers.

About American Express:

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpressfoursquare.com/americanexpresslinkedin.com/company/american-expresstwitter.com/americanexpress, and youtube.com/americanexpress. Key links to products and services: charge and credit cardsbusiness credit cardstravel servicesgift cardsprepaid cardsmerchant servicesbusiness travel, and corporate card.

Bank Alfalah Introduces Futuristic Cards Merchant Acquiring Network

Karachi, May 28, 2014: Bank Alfalah, Pakistan’s largest issuer and acquirer of credit cards, has announced an upgrade to its customer services and technology platform by commissioning a futuristic Cards Merchant Acquiring network for its credit cards. This new network enhances the speed of credit card transactions being conducted at Bank Alfalah retail partner outlets, whilst doubling transactional capacity.

Bank Alfalah’s Group Head Retail (Central & North) and Consumer Banking, Khurram Hussain said, “This investment in strengthening our payments platform signals improved customer service through reduced turn-around time of credit card transactions at retail merchants, real time monitoring for prompt resolution of complaints and enhanced capacity to enable greater transactional volumes.

The Nilson Report, a leading publication covering payment systems worldwide for the last 42 years, ranked Bank Alfalah amongst the top merchant acquiring companies in the Middle East and Africa regions for the year 2012.

As Bank Alfalah looks to the future, it continues to innovate with the view to improving transacting convenience for its customers through 574 branches, 500 ATMs and doorstep banking facilities including mobile and internet banking. The Bank also provides its credit card customers with value-added privileges and benefits through its diverse alliance partner network which includes Shapes Health and Fitness Club, Etihad Airways, Puma, Dominos, Gloria Jeans, Bar B Que Tonight, The Noodle House, Fat Burger, Voice Mobiles, Canon, Atlas Honda, Singer, Samsung, Changhong Ruba, etc.

Additional information may be found at www.bankalfalah.com

 

For more information contact:
Mariam Agha
Head of Media & Brand Activation
Bank Alfalah Limited| Tel: 021-111-777-786 (x) 2269
Email: mariam.agha@bankalfalah.com

 

Bank Alfalah and Muller & Phipps Pakistan to Launch Branchless Banking Services

 

Karachi, March 3, 2014: Muller & Phipps Pakistan (M&P) and Bank Alfalah Limited (BAFL) have signed an agreement appointing M&P as a super agent of the Bank, to offer branchless banking services to clients through its widespread network of retail outlets. Together, both organizations will employ state of the art technology to provide financial solutions to large segments of the unbanked and under banked population in Pakistan.

Speaking at the occasion Mr. Atif Bajwa, Chief Executive Officer, Bank Alfalah said: “Joining hands with M&P, the largest and oldest distribution company of Pakistan, is an innovative step to support the creation of an alternate payments ecosystem. With enhanced scale for our branchless offering through M&P’s vast, nation-wide footprint, we are optimistic that this collaboration will eventually provide a platform for multiple players to synergize their expertise and cohesively augment financial inclusion in Pakistan.

Mr. Kamran Nishat, Managing Director & CEO of M&P said: “A robust payment infrastructure is critical for the long term development of Branchless Banking in Pakistan. Agent network management holds pivotal position in the Branchless Banking ecosystem and its future course shall be largely driven by innovation and professional management at the execution front. M&P is committed to foster financial inclusion across Pakistan by leveraging its expertise and infrastructure to broaden the agent base in terms of profile and outreach. We envision financial services to be delivered by multiple banks through M&P foot print across Pakistan to reach the targeted population in rural, urban and remote areas.”

Bank Alfalah’s recent experience with G2P payments (BISP and Watan Card schemes) positions it well to enhance its capabilities within the branchless domain. This latest collaboration with M&P is another step in the direction of enhancing ‘transacting convenience’ for customers across the country.

About Bank Alfalah

Bank Alfalah is a progressive, full service banking institution with majority shareholding of the Abu Dhabi Group. Bank Alfalah has an international presence in Bangladesh, Afghanistan, Bahrain and the UAE. The Bank has a network presence of 574 branches and over 500 ATMs spanning 196 cities with an international presence in Afghanistan, Bangladesh, a wholesale banking unit in Bahrain and a representative office in the UAE. The Bank services more than 1 million corporate, institutional, retail, small business, agricultural, Islamic and asset financing customers.

Additional information may be found at www.bankalfalah.com

For more information contact:

Saba Karim Khan

Head of Corporate Communications

Bank Alfalah Limited| Tel: (+9221) 32423952, 021-111-777-786 (x) 2101

Email: saba.khan@bankalfalah.com

About M&P

Muller & Phipps Pakistan (Pvt) Limited is the leading pan-Pakistan cross industry Market Expansion Services provider. Established in 1912 at Karachi, the organization draws on a history of 101 years of doing business in Pakistan. M&P supports companies to grow their sales and market share by helping them enter, establish or expand their brands in Pakistan. Market Expansion Services comprise a spectrum of integrated market entry and development services that involve intensive customer interaction such as marketing, sales, logistics, warehousing, distribution, collection and after sales support. The organization is part of the Getz Group, which is the largest non-commodity international marketing and services company in the United States and has more than 80 locations in 36 countries.

Bank Alfalah Reports an Earnings Per Share of Rs. 3.47 for the year 2013, with Profit before Tax Reported at Rs. 6.807 Bn.

Abu Dhabi, March 2, 2014: Bank Alfalah has reported Earnings per Share of Rs. 3.47, for the year ended December 31, 2013, improving from Rs. 3.38 per share reported for the year 2012. Profit before tax was reported at Rs. 6.807 billion for the year ended December 31, 2013 as against Rs. 6.783 billion for the last year. The Bank’s overall profitability has remained consistent, despite the low interest rates witnessed during the year.

The Bank’s Net markup income was recorded at Rs. 16.895 billion for 2013 as compared to Rs. 18.580 billion in 2012, and was supplemented by an increase of 13.7% in non mark-up income, which was recorded at Rs. 8.279billion for the year 2013, including a contribution of Rs. 2.800billion from fee based income and capital gain on sale of securities of Rs. 1.589 billion.

Gross provision charge against non performing loans of Rs. 3.388 billion was recorded during the year, which was of same level as the charge made last year. Improved recoveries of Rs. 2.433 billion during the year as against Rs 1.416 billion recoveries made last year and significantly lower provisioning required against the investment portfolio led to a significant improvement in the net provisioning charge against assets for the year 2013. The net provision charge against advances for the year was Rs. 0.955 billion, 48% lower than the net charge last year, while net provision charge against investments was Rs. 0.095 million for the year, as against Rs. 1.709 billion in 2012.

The Bank has strengthened its balance sheet with total assets rising to Rs. 610.614 billion at year end 2013. The Bank has also increased its deposit base by 15%, with closing deposits reported at Rs. 525.526 billion, whilst focusing on mobilizing low cost deposits. Net advances have grown to Rs. 260.780 billion at December 31, 2013, rising from Rs. 233.933 billion as at December 31, 2012.

 

The Bank’s non-performing loans (NPL) portfolio has improved to Rs. 17.947 billion at year end 2013, from Rs. 22.182 billion recorded the previous year end. NPL to gross loans ratio continues to be lower than the industry average and stood at 6.6% at year end 2013.

Bank Alfalah is adequately capitalized and has implemented the Basel-III reporting framework in line with the State Bank of Pakistan requirements during the year 2013.

The Bank’s Board of Directors, in their meeting held on March 02, 2014, have recommended a cash dividend of 20%, i.e Rs. 2/- per share, for approval by the shareholders.

 

Bank Alfalah has a network of 574 branches and over 500 ATMs spanning 196 cities. It is the leading issuer and acquirer of Credit Cards in Pakistan and boasts the country’s second largest Islamic Banking setup. In addition to providing mainstream financial products, the Bank also offers a complete range of doorstep banking facilities including branchless, mobile and internet banking.

Additional information may be found at www.bankalfalah.com

For more information contact:

Saba Karim Khan

Head of Corporate Communications

Bank Alfalah Limited

Tel: (+9221) 32423952, 021-111-777-786 (x) 2101

Email: saba.khan@bankalfalah.com

Bank Alfalah Announces Winner of ‘Rising Talent Award’ at the Aibak Polo Cup.

Karachi, February 25, 2014: As part of its ‘Rising Talent – Discovering the Potential of Pakistan’ platform, Bank Alfalah announced Saqib Khan Khaqwani as the winner of its ‘Rising Talent Award’ at the Aibak Polo Cup. Bank Alfalah awarded Saqib Khan Khaqwani a cash prize worth Rs200,000 at the closing ceremony of the event. The ceremony was attended by Chief Guest, Mujtaba Shuja-ur-Rahman, Minister Finance, Excise & Taxation – Punjab, Khurram Hussain, Group Head of Retail (Central and North) and Consumer Finance, Bank Alfalah and President Lahore Polo Club amongst others.

Speaking at the event, Khurram Hussain said, “Bank Alfalah enjoys a longstanding association with sports and youth development. On behalf of the Bank, I would like to congratulate Saqib Khan Khaqwani for exhibiting such promising skills. We are optimistic that this unique ‘Rising Talent Award’ introduced by the Bank to recognize emerging Polo players, will play a vital role in motivating and nurturing deserving young players”.

Bank Alfalah’s Khurram Hussain presenting the ‘Rising Talent Award’ award to Saqib Khan Khaqwani

About Bank Alfalah Limited:

The Bank has a network presence of 574 branches spanning 196 cities with an international presence in Afghanistan, Bangladesh, a wholesale banking unit in Bahrain and a representative office in the UAE. The Bank services more than 1 million corporate, institutional, retail, small business, agricultural, Islamic and asset financing customers.

Additional information may be found at www.bankalfalah.com

For more information contact:

Saba Karim Khan

Head of Corporate Communications

Bank Alfalah Limited| Tel: (+9221) 32423952, 021-111-777-786 (x) 2101

Email: saba.khan@bankalfalah.com

Bank Alfalah Launches ‘Rising Talent Initiative’ at the Lahore Literary Festival.

Karachi, February 21, 2014: Based on its progressive vision embodying ‘Care’, Bank Alfalah has launched a Rising Talent – Discovering the Potential of Pakistan platform to motivate, inspire and recognize young, upcoming talent in the country. This is an endeavor to provide meaningful opportunities to deserving upcoming talent, showcase emerging stories of optimism and ingenuity and hence help enhance Pakistan’s image at both a local and global level.

 

As part of this initiative, the Bank is endorsing the Lahore Literary Festival, a platform which brings together a diverse range of talents under one ambit. True to its promise, Bank Alfalah has also introduced an innovative ‘Rising Talent Initiative’ at the Literary Festival this year. This is an opportunity for nascent writers and artists to express their imagination and flair through poetry, art, short stories and photography. Entries will be judged by an esteemed jury and winners will have their talents showcased by Bank Alfalah as ‘Emerging Artists of Pakistan.’

 

Bank Alfalah’s Chief Executive Officer, Atif Bajwa said “We are a young brand that has achieved success in a very short span of time. We are the sixth largest Bank in the country; the second largest Islamic Bank and the largest provider of Credit Cards in Pakistan today and hence have a natural affinity for nurturing emerging, promising talent. I would encourage young, aspiring writers and artists to actively participate in the Bank Alfalah Rising Talent Initiative and benefit from the prestigious platform of the Literary Festival.”

 

 

About Bank Alfalah Limited:

 

Bank Alfalah is a progressive, full service banking institution with majority shareholding of the Abu Dhabi Group. Bank Alfalah has an international presence in Bangladesh, Afghanistan, Bahrain and the UAE. The Bank has a network presence of 574 branches spanning 196 cities with an international presence in Afghanistan, Bangladesh, a wholesale banking unit in Bahrain and a representative office in the UAE. The Bank services more than 1 million corporate, institutional, retail, small business, agricultural, Islamic and asset financing customers.

Additional information may be found at www.bankalfalah.com

For more information contact:

Saba Karim Khan

Head of Corporate Communications

Bank Alfalah Limited| Tel: (+9221) 32423952, 021-111-777-786 (x) 2101

Email: saba.khan@bankalfalah.com

 

Bank Alfalah Announces Rising Talent Award at the Fashion Pakistan Week.

 

 

Karachi, February 20, 2014: As part of Bank Alfalah’s commitment to ‘Care’, it has recently launched a ‘Rising Talent – Discovering the Potential of Pakistan platform’, to provide opportunities for young talent in the country to nurture, evolve and grow. Such an endeavor is likely to play a pivotal role in boosting Pakistan’s image by showcasing emerging success stories at a local and global level.

 

Under this umbrella, the Bank has announced that it will be introducing a first of its kind, ‘Rising Talent Award’ at the Fashion Pakistan Week 2014. The award will provide a prestigious platform for four young designers to showcase their talents at the Pakistan Fashion Week 6. The Bank will also provide a cash award of Rs500,000 for the most promising upcoming designer. FPC designers’ collections are available for viewing at http://www.facebook.com/pakistanfashion.org and winners will be chosen through a transparent online voting process. Participating institutions include Indus Valley School of Art and Architecture (IVS) and the Asian Institute of Fashion & Technology.

 

Bank Alfalah’s Chief Executive Officer, Atif Bajwa said “Bank Alfalah has been supporting entrepreneurs and individuals that have been contributing to the economic growth of Pakistan. We are a country rich in talented and skillful human capital and emerging success stories must be brought to the forefront. Introducing this collaborative recognition platform with FPC is a step in that very direction, which I am hopeful, will translate into a long-term, sustainable partnership to positively impact our fashion industry, economic growth and people.”

 

The Fashion Industry in Pakistan has grown significantly over the last decade, playing a pivotal role in not only boosting the image of Pakistan globally but also generating significant revenue. This is the very reason why the Bank has been supporting fashion bodies operating in the country, including the Fashion Pakistan Council as well as the PFDC. This latest initiative comes on the heels of the Bank’s support to PFDC; at the last PFDC Fashion Week, the Bank presented Nomi Ansari’s ‘Rang Mahal’ segment which included showcasing a distinctive credit card dress on the ramp.

 

About Bank Alfalah Limited:

 

Bank Alfalah is a progressive, full service banking institution with majority shareholding of the Abu Dhabi Group. Bank Alfalah has an international presence in Bangladesh, Afghanistan, Bahrain and the UAE. The Bank has a network presence of 574 branches spanning 196 cities with an international presence in Afghanistan, Bangladesh, a wholesale banking unit in Bahrain and a representative office in the UAE. The Bank services more than 1 million corporate, institutional, retail, small business, agricultural, Islamic and asset financing customers.

Additional information may be found at www.bankalfalah.com

For more information contact:

Saba Karim Khan

Head of Corporate Communications

Bank Alfalah Limited| Tel: (+9221) 32423952, 021-111-777-786 (x) 2101

Email: saba.khan@bankalfalah.com

 

Bank Alfalah and United Mobile Join Hands to Benefit Customers.

 

Karachi, February 11, 2014: Bank Alfalah, Pakistan’s largest issuer and acquirer of credit cards has recently joined hands with United Mobile on a strategic alliance to benefit its credit card customers across Pakistan. The signing ceremony was held in Karachi and was attended by Mr. Ashraf Machiyara, Director & CEO (United Mobile), Mr. Ejaz Hassan, Director Marketing United Mobile, Mr. Aly Mustansir, Bank Alfalah’s Chief Marketing Officer and Mr. Shahzad Ishaque, Bank Alfalah’s Head of Consumer Finance amongst others. As part of this collaboration, United Mobile will offer its complete range of Voice smart mobile devices and feature phones to Bank Alfalah’s credit card members on six to twelve month installment plans, with zero percent mark up. This is yet another effort by the Bank to provide its customers with unique privileges, enhanced access and bespoke benefits which add value and convenience to their lives.

 

As part of this alliance, Bank Alfalah credit card customers will also be enrolled in a raffle draw every month, making them eligible to win a free mobile phone by United Mobile.

“The key strategic objective of this initiative is to bring Voice smart devices into the reach of a wider audience within the Bank’s credit card customer base through affordable installment plans. We are optimistic that this collaboration will resonate well amongst our target audience who continuously seek to acquire innovative, smart devices and improve their communication experience,” said Aly Mustansir.

“This alliance between United Mobile and Bank Alfalah is the first of its kind in Pakistan by leaders of the respective industries. This alliance will benefit the employees and credit card customers of Bank Alfalah to acquire and enjoy high quality Voice smart devices at discounted prices with easy installments on zero percent markups. This partnership will create social capital and is mutually beneficial for both the sides and will go a long way,” said by Ejaz Hassan.

 

Bank Alfalah is a progressive, full service banking institution with majority shareholding of the Abu Dhabi Group. Bank Alfalah has 574 branches across 196 cities and an international presence in Bangladesh, Afghanistan, Bahrain and the UAE.

 

United Mobile is the exclusive distributor of Voice smart devices in Pakistan.

 

About Bank Alfalah Limited:

 

The Bank has a network presence of 574 branches spanning 196 cities with an international presence in Afghanistan, Bangladesh, a wholesale banking unit in Bahrain and a representative office in the UAE. The Bank services more than 1 million corporate, institutional, retail, small business, agricultural, Islamic and asset financing customers.

Additional information may be found at www.bankalfalah.com

For more information contact:

Saba Karim Khan

Head of Corporate Communications

Bank Alfalah Limited| Tel: (+9221) 32423952, 021-111-777-786 (x) 2101

Email: saba.khan@bankalfalah.com

About United Mobile:

United Mobile is the largest distributor of mobile phones in Pakistan. With over 14 years of experience, United Mobile is the exclusive distributor of Voice Mobile and has more than 32 customer care centers in all major cities of Pakistan. United Mobile believes in offering prompt and effective technical support and services along with complete customer satisfaction.

Additional information may be found at www.unitedmobile.com.pk

For more information contact:

Salman Wadiwala

Marketing Manager

United Mobile| Tel: (+9221) 32294209 – 13

Email: salman.wadiwala@unitedmobile.com.pk

 

 

Bank Alfalah and United Mobile Join Hands to Benefit Customers.

 

Karachi, January 28, 2014: Bank Alfalah, Pakistan’s largest issuer and acquirer of credit cards has recently held a signing ceremony to launch Chip Cards in Pakistan. The occasion was graced by the Bank’s Chief Executive Officer, Mr. Atif Bajwa as well as the Country Head for Visa International, Mr. Kamil Khan amongst others. This is yet another step by the Bank to create a payments ecosystem which provides state of the art, technologically advanced financial solutions to enhance the customer experience. As part of this initiative, Bank Alfalah has not only introduced Chip cards for new customers, but also undertaken a re-carding exercise, spanning over a year, in order to convert existing customers to chip based credit cards

 

Chip payment acceptance is rapidly growing worldwide, in response to consumer demand for safer, quicker and more sophisticated payment solutions. With robust business expansion plans and a branch network spanning over 574 branches across 196 cities, the Bank aims to build upon this momentum to further bolster its bespoke products and services in the market.

 

Bank Alfalah is a progressive, full service banking institution with majority shareholding of the Abu Dhabi Group. Bank Alfalah has an international presence in Bangladesh, Afghanistan, Bahrain and the UAE.

 

About Bank Alfalah Limited:

 

The Bank has a network presence of 574 branches spanning 196 cities with an international presence in Afghanistan, Bangladesh, a wholesale banking unit in Bahrain and a representative office in the UAE. The Bank services more than 1 million corporate, institutional, retail, small business, agricultural, Islamic and asset financing customers.

Additional information may be found at www.bankalfalah.com

For more information contact:

Saba Karim Khan

Head of Corporate Communications

Bank Alfalah Limited| Tel: (+9221) 32423952, 021-111-777-786 (x) 2101

Email: saba.khan@bankalfalah.com

 

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