Bank Alfalah, one of leading commercial banks in Pakistan, inaugurated its international branch at the Shaikh Zayed Road (in the dynamic city of Dubai relocated from Al-Khaleej Building, Zaabeel Street) to provide tailored wholesale banking solutions to corporate clients in Dubai.
The inauguration of the Dubai branch was presided over by the Chairman of the Bank, His Excellency Sheikh Nahayan Mabarak Al Nahayan, signifying the initiation of an exciting new chapter in the journey of Bank Alfalah as it extends banking services to a broader regional audience. The United Arab Emirates is widely recognised as an international financial services center. With Bank Alfalah’s presence in the region, its vision is to be the best in its class for the banking industry in Pakistan and other countries to provide excellent customer service.
The launch of this branch reflects their strong belief that the economic climate in Dubai, in the United Arab Emirates, in the region, and indeed in the world, continues to require banking services tailored to meet customers’ growing needs and expectations.
The United Arab Emirates, by several important measures, is widely recognised as an international financial services center. Under the leadership of His Highness the President, Sheikh Mohammed bin Zayed Al-Nahyan, the UAE plays an increasingly pivotal role in trade and investment, both regionally and globally. With the President’s leadership and guidance, this country is committed to maintaining vigorous growth, promoting regional progress, and infusing the global economy with vitality and strength.
Dubai itself exemplifies the UAE’s intention to be a major hub in the global economy, thanks to the remarkable and enlightened leadership of its Ruler, Vice President, and Prime Minister, His Highness Sheikh Mohammed bin Rashid Al-Maktoum, and his limitless imagination and tireless work for development and prosperity.
The Bank Alfalah Dubai branch will offer wholesale banking services in domestic and major international currencies. Term deposit accounts with flexible tenures will be available to align with the liquidity requirements of clients in all major global currencies.
The services additionally include local and international fund transfers, salary transfers, bank guarantees and term loans. Bank Alfalah’s adept trade finance team will deliver personalised trade services such as Letter of Credit (LC) issuance, advising and confirmations, inward and outward documentary collections, and financing against import and export bills. The in-house treasury team is equipped to manage foreign exchange requirements and provide expert guidance on financial products and services.