Bank Alfalah is the fifth largest private bank in Pakistan with a network of over 600 branches in more than 200 cities. The Bank has an international presence in Afghanistan, Bangladesh and Bahrain and a representative office in the UAE. The Bank is owned and operated by the Abu Dhabi Group. The International Finance Corporation of the World Bank partnered with the Bank in 2014, and holds a 15% stake in Bank Alfalah.
Incorporated as a public limited company on 21st June, 1992, under the Companies Ordinance 1984, Bank Alfalah commenced banking operations from 1st November, 1997. JCR-VIS has assigned an entity rating of 'AA+' for the long-term and 'A1+' for the short-term, with a stable outlook. PACRA has assigned Bank Alfalah 'AA+' entity rating for the long-term and 'A1+' for the short-term, with a positive outlook.
Bank Alfalah is listed on the Pakistan Stock Exchange. The Bank also has a 97.91% shareholding in Alfalah Securities (Private) Limited, which is engaged in the business of stock brokerage, investment counselling and fund placements. Additionally, the Bank also has a 40.22% shareholding in Alfalah GHP Investment Management Limited, which is registered as an Asset Management Company and Investment Advisor under the Non-Banking Finance Companies (Establishment and Regulation) Rule.
In 2016, aided by a sound credit evaluation process, Bank Alfalah continued balanced growth across all business segments, and in all significant economic sectors. The growth rate of 13% was in line with the Bank's 5-year CAGR at 13.4% as compared to the industry's 10%. As of 30th June, 2017, the banking sector stands at Rs. 12,573 billion in total deposits, of which Bank Alfalah contributes Rs. 656 billion (5.2% market share).
Bank Alfalah provides a complete range of financial solutions to consumers, corporations, institutions and governments. Offerings include Corporate and Investment Banking, Retail Banking, Consumer Banking, Bancassurance, Securities Brokerage, Commercial Banking, SME, Agri-finance, Asset Financing and Islamic and Premier Banking to cater to the needs of a diverse consumer base. The Bank has also won several awards over the last few years, including:
-- Best Bank - Pakistan Banking Awards 2017
-- Best Customer Franchise - Pakistan Banking Awards 2017
-- Best Website of the Year - DigiAwards 2017
-- Best Debit and Credit Cards - Consumer Icon Awards
-- Best Innovative Card - Consumer Icon Awards
-- Diversity and Inclusion Award 2017 - HR Metrics
-- Best Loyalty and Rewards Programme - MENA Leadership Forum
-- Best Campaign in Banking and Financial Services - PAS Award 2017
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