Bank Alfalah

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Bank Alfalah Limited
Private
Industry Banking
Capital Markets
Founded June 21, 1997 Karachi
Headquarters Principal Office, Mansehra Road, Abbottabad Pakistan
Key people
  • H.H. Sheikh Hamdan Bin Mubarak Al Nahayan (Chairman),
  • Nauman Ansari (President & CEO)
  • Hashim Munir (MTO/Deputy CEO)
Products Loans, credit cards, Savings, Consumer Banking etc.
Revenue IncreasePKR 55.378 billion (2014)[1]
IncreasePKR 8.513 billion (2014)[1]
Number of employees
7,785 (2014)[1]
Website Official website

Bank Alfalah Limited is a private bank in Pakistan owned by the Abu Dhabi Group. Bank Alfalah was incorporated on June 21, 1997 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1, 1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962.

History[edit]

Bank Alfalah Limited was launched on June 21, 1997 as a public limited company under the Companies Ordinance 1984. The bank commenced its operations on November 1, 1997. The bank introduced commercial banking and related services as defined in the Banking companies ordinance, 1962. Bank Alfalah is the 6th largest bank of Pakistan with 648 branches in Pakistan and abroad.

The roots of the bank go back to the Bank of Credit and Commerce International (BCCI), which was closed down due to various allegations. The Pakistan operations of BCCI were taken over by State Bank of Pakistan and nationalized to safeguard the consumer interests, under a new identity of HCEB or 'Habib Credit and Exchange Bank'. In 1997, the bank was privatized and taken over by 'Abu Dhabi Group' of UAE, with a new identity of 'Bank Alfalah Limited'. 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]

Functions[edit]

Branch banking

Consumer banking

Electronic Banking

Corporate banking

Treasury & Investment

Branches[edit]

The bank is currently operating through 648 branches(as on December 30, 2014) including 480 Conventional, 157 Islamic Banking and 11 Overseas/International branches in Afghanistan, Bangladesh, Bahrain, Dubai and Representative Office in Abu Dhabi, UAE 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, Kasur, Lahore, Abbottabad, Islamabad, Gawadar, Peshawar, Faisalabad, Quetta, D.I.Khan, Rawalpindi, Sargodha, Sheikhupura, Sukkur, Sialkot, Multan, Murree, Jhelum, Attock District, Gujranwala, Mirpur Khas, Lodhran, D.G.Khan, Mian Channu, bahawalnagar, bahawalpur, Sahiwal, Khanewal, Swabi and Many Other Cities all over Pakistan...

References[edit]

External links[edit]