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Treasury Capital Market 1 Vi90vbj
Treasury and Financial Markets Group

Bank Alfalah’s Treasury and Financial Markets Group plays a key role in overseeing the bank’s liquidity, balance sheet, and market risk exposures. It offers a comprehensive range of innovative financial solutions to clients both within Pakistan and Globally. The group’s operations cover the entire spectrum of foreign exchange, fixed income, money markets, and derivatives serving corporates, financial institutions, and public sector entities with responsiveness and expertise. With our customer centric approach Treasury Group service its clients through following functions:

  1. Asset Liability Management & International Treasuries
  2. Trading Division
  3. Treasury Sales Division
  4. Islamic Treasury
  5. Capital Markets & Investor Relations

Asset Liability Management & International Treasuries

The ALM Desk operates under the guidance and oversight of the Asset & Liability Management Committee (ALCO). Its responsibilities encompass both daily operational liquidity and the strategic management of the bank’s balance sheet. On Day to Day basis, the ALM Desk serves as the central hub for liquidity management, ensuring that the bank meets all its obligations in both local and foreign currencies.

Trading Division

Trading is at the forefront of delivering dynamic financial solutions across local and global markets. The division is committed to providing clients through Sales Division with timely access to market liquidity, expert insights and a comprehensive range of trading solutions tailored to their financial goals. For better market coverage and client service, trading division operate through below dedicated desks covering foreign exchange, fixed income and rate trading business:

  1. FX Trading Desk
  2. Primary Dealership, Rates Trading & Derivatives

Functions of the Trading Division:

  • Market Making: Providing liquidity in various asset classes including FX, fixed income, and money market instruments.
  • Portfolio Management: Manages bank’s portfolio of FX and Government Securities in the trading book with the objective of distributing to the bank’s clients and maximization of gains.
  • Client-Focused Solutions through Sales: Offering structured products, hedging instruments, and investment opportunities tailored to client needs.

Product Offerings:

Foreign Exchange (FX)

  • Spot and Forward transactions
  • Swap transactions
  • Cross-currency solutions

Fixed Income & Money Market

  • Government securities (T-Bills, PIBs, FRBs)
  • Corporate bonds and Sukuks
  • Structured solutions to clients through Sales for their Cash flow management

Derivatives & Structured Products

  • Interest rate and cross-currency swaps
  • Custom hedging solutions aligned with sustainability goals (where applicable)

Research & Feedback

  • Real-time market access via digital platform i.e. IPS
  • Market update based on data and economic trends
  • Update on interest rate trends, exchange rate, and portfolio strategies

Both the desks at Trading Division are structured to provide real-time pricing, risk advisory, and execution services. The dedicated team of professionals are equipped with advanced digital platforms and tools to enhance efficiency, transparency, and immaculate experience for clients through Sale teams.

Treasury Sales Division

Alfalah’s Treasury Sales desk acts as a key intermediary between the bank’s treasury and its clients. The team’s primary responsibility is to sell financial market products (like FX, fixed income, derivatives, and money market instruments) to corporate, institutional, and retail clients. The goal is offer client-centric solution and build client relationships.

  1. Client Relationship Management
  • Develop and maintain relationships with clients such as corporates, multinationals, asset managers, insurance companies, and public sector entities.
  • Understand client needs around liquidity management, interest rate exposure, FX risk, and investment.
  • Provide market intelligence and tailored solutions based on client risk profiles and objectives.
  1. Product Sales

Offer a range of treasury products, including:

  • Foreign Exchange (FX): Spot, Forwards, Export Discounting, Export/Import FE Loans, Loan Hedging etc
  • Fixed Income Securities: Government securities (T-Bills, PIBs and SUKUKs)
  • Derivatives: Interest rate and cross-currency swap

Execute deals on behalf of clients and ensure best pricing from trading desks.

Enhance digital penetration through the Alfa App; IPS Account opening, Auction Bidding, Secondary Market Trading.

Islamic Treasury

Foreign Exchange (FX):

At Bank Alfalah Islamic Treasury, we enable clients to access foreign exchange markets through Shariah-compliant solutions, guided by expert insights and responsive execution. Our FX risk management offerings include Ready, Outright Promise, and Option Promise structures available in multiple currencies to help clients manage exposure and bring certainty to future transactions. By understanding each client’s unique risk profile, we offer tailored, ethical hedging strategies that protect against currency fluctuations and support stable business operations.

Money Market (MM):

Treasury manages the bank’s liquidity and profit rate exposure through shariah compliant Funding and Gaping techniques to lessen funding cost & maximize return on investment using products such as:  

  • Interbank Musharika, Mudarba & Wakala placements and Musharika acceptances.
  • Investment in Sukuk
  • Other Investment & Liquidity Instruments.

Capital Markets & Investor Relations Division

Capital Markets division is responsible for managing bank’s proprietary investments in listed and unlisted equity markets with an objective of generating stable dividend income stream as well as capital gains for the bank. In-house research is also part of the capital market division which regularly covers macro economy and sector dynamics.

Bank’s Investor Relations is also part of the capital market division which remains consistently engaged with stakeholders to provide fair and transparent information about bank’s affairs. These strong efforts culminated in recognition as the "Best Investor Relations" award by the CFA Society Pakistan for the 11th consecutive year.