Financial year 2011 proved to be a year of record performance for First Women Bank Ltd (FWBL) as bank posted a pre-tax profit of Rs 400 million. Total Deposits of the bank increased from Rs 10,195 million to Rs 13,815 million while total advances portfolio reached the height position of Rs 7,901 million.
Addressing the annual conference of FWBL in Karachi, Shafqat Sultana, President and CEO expressed her satisfaction over the performance of the bank. She said that the bank in its endeavours to provide quality service catering to the special needs of women in the country. The theme of the conference was connecting vision to reality with strategic thinking, planning and action.
The changing environment requires us to make our business strategies and innovation processes more flexible, more agile and more participative. A corporate strategy should no longer be seen as an ultimate solution, but rather as guidelines, directions that contain options or scenario's to enable the steering of future acting or non-acting. Strategy is dynamic and must respond to the realities of the environment and market and should not be considered fixed, she said.
The conference was attended by the Divisional Heads, Regional Business Heads and Branch Managers from all over the country. Strategies were discussed and line of action was formulated to achieve the December 2012 targets. Later Shafqat Sultana awarded the management and staff for their outstanding performance in the year 2011.-PR
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