Bank Alfalah
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This article relies on references to primary sources or sources affiliated with the subject, rather than references from independent authors and third-party publications. Please add citations from reliable sources. (December 2008) |
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| Type | Private |
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| Industry | Banking Capital Markets |
| Founded | June 1992, Karachi |
| Headquarters | Principal Office, Karachi Pakistan |
| Key people | H.E. Sheikh Hamdan Bin Mubarak Al Nahayan (Chairman) |
| Products | Loans, credit cards, Savings, Consumer Banking etc. |
| Revenue |  PKR 35.561 billion (2009)[1] |
| Net income | PKR 897.03 million (2009)[1] |
| Employees | 7,462 (2009)[1] |
| Website | www.bankalfalah.com |
Bank Alfalah Limited is a private bank in Pakistan owned by the Abu Dhabi Group. Bank Alfalah was incorporated on June 21, 1992 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1, 1992. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962.
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[edit] History
Bank Alfalah Limited was launched on June 21, 1992 as a public limited company under the Companies Ordinance 1984. The bank commenced its operations on November 1, 1992. The bank introduced commercial banking and related services as defined in the Banking companies ordinance, 1962.
After a few years, the bank introduced its new identity of H.C.E.B after the privatization in 1997. The management of the bank had implemented strategies and policies so the bank would become a major player in the market. With a partnership with the Abu Dhabi Group the position of the bank became stronger which allowed the bank to invest more in technology to increase its range of products and services.[citation needed]
[edit] Bangladesh
On the 16th of May, 2005 Bank Alfalah formally took over the Bangladesh operations of Shamil Bank of Bahrain for US $17.88 million and renamed it to Bank Alfalah. This was the first branch of the bank outside Pakistan.
[edit] Functions
- Credit Cards [2], Auto loans, Home loans, Consumer durables, RTCs.
Electronic Banking
- Short/Long Term finance, Trade finance, Structured finance.
[edit] Branches
The bank is currently operating through more than 400 branches domestically and an international presence in Afghanistan, Bangladesh and Bahrain, with the registered office at B.A.Building, I.I.Chundrigar, Karachi. Some of the main branches are located in all of the major cities including: Chakwal, Hyderabad, Lahore, Kasur, Islamabad, Gawadar, Peshawar, Faisalabad, Quetta, D.I.Khan, Rawalpindi, Sargodha, Sheikhupura, Sukkur, Sialkot, Multan, Murree, Attock District, Gujranwala, Pirmahal, Mirpur KhasLodhranD.G.Khan etc.
[edit] External links
[edit] References
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