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
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 576 branches.
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.
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.
Functions
Branch banking
- Deposits, Remittances, Foreign trade, Lockers.
Consumer banking
- Credit Cards, Auto loans, Home loans, Consumer durables, RTCs.
Electronic Banking
- Telephone banking, ATMs, Online banking
Corporate banking
- Short/Long Term finance, Trade finance, Structured finance.
Treasury & Investment
- Money market, Forex market, Investments, Government securities, Correspondent banking.
Branches
The bank is currently operating through 576 branches(as on May 1, 2014) 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, Jhelum, Attock District, Gujranwala, Mirpur Khas, Lodhran, D.G.Khan, Mian Channu, bahawalnagar, bahawalpur, Sahiwal, Khanewal and Many Other Cities all over Pakistan...
References
External links
- Bank Alfalah Pakistan
- Official website of Bank Alfalah
Interesting Informations
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