Bank Alfalah is one of the largest banks in Pakistan, with a network of over 850 branches across more than 200 cities in the country, and international presence in Afghanistan, Bangladesh, Bahrain and the UAE. The Bank also has a representative office in Abu Dhabi. Bank Alfalah is owned and operated by the Abu Dhabi Group.
Incorporated as a public limited company on 21st June, 1992, under the Companies Ordinance, 1984, Bank Alfalah commenced banking operations from 1st November, 1997. The Bank provides financial solutions to consumers, corporations, institutions and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, Agri-finance, Islamic and Asset financing solutions.
The Bank provides financial solutions to consumers, corporations, institutions and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing solutions.
VIS & PACRA have assigned an entity rating of ‘AA+’ (double A plus) for the long-term and ‘A1+’ (A one plus) for the short-term, with outlook assigned as stable. The Bank is listed on the Pakistan Stock Exchange.
The Bank has 61.20% shareholding in Alfalah CLSA Securities (Private) Limited (formerly Alfalah Securities (Private) Limited), which is engaged in the business of stock brokerage, investment counseling and fund placements. The Bank has 40.22 percent shareholding in Alfalah GHP Investment Management Limited, which is registered as an Asset Management Company and Investment Advisor under the Non-Banking Finance Companies (Establishment and Regulation) Rules.
Islamic Republic of Afghanistan is a landlocked sovereign state forming part of South Asia, Central Asia, and to some extent, Western Asia. It has a population of around 37 million inhabiting an area of approximately 650,000 km2 (250,001 sq mi), making it the 37th most populous and 41st largest nation in the world. It is bordered by Pakistan in the south and the east, Iran in the west, Turkmenistan, Uzbekistan and Tajikistan in the north, and China in the far northeast.
Bank Alfalah Limited started its Afghanistan operations in 2005 and is providing Conventional Banking services in Kabul and Herat.