KARACHI: The financial year 2011 proved to be a year of record performance for First Women Bank Limited (FWBL) as bank posted a pre-tax profit of Rs.400 million.

A statement here on Thursday said that the 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.

It said that addressing the annual conference of the FWBL in Karachi, Shafqat Sultana, President and chief executive officer (CEO) expressed her satisfaction over the performance of the Bank.

She said that the bank in its endeavors to provide quality service is 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'.

She pointed out that 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 and directions that contain options or scenarios 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.