|Industry||Conventional Banking |
|Founded||3 October 1994|
|Amr Bin Faisal |
Chief Executive & President
|Products||Islamic banking, loans, consumer banking, business banking, priority banking, credit cards, debit cards, savings|
|Revenue||Rs. 34.75 billion (US$150 million) (2021)|
|Rs. 8.35 billion (US$37 million) (2021)|
|Total assets||Rs. 869.968 billion (US$3.8 billion) (2021)|
Number of employees
Faysal Bank Limited is a Pakistani Islamic and commercial bank, a subsidiary of KSA Holdings ultimate parent of bank is KSA Holdings and Ithmaar Bank, based in Karachi, Pakistan. It is named after Mohammed bin Faisal Al Saud.
Faysal Bank started in Pakistan in 1987 with a tiny branch and as a subsidiary of Faysal Islamic Bank, a Bahraini bank owned by Mohammed bin Faisal Al Saud, the son of the late King Faisal of Saudi Arabia.
It was incorporated in Pakistan on 3 October, 1994 as a public limited company under the Companies Ordinance, 1984. ABN AMRO Bank Pakistan, a predecessor to Faysal Bank, acquired Prime Commercial Bank consisting of 69 branches and spanning 24 cities in 2007 for US$227 million to expand its loan and deposit base.
In 2014 it announced to convert itself into a full-fledged Islamic Bank in three to five years.
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