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Tag Archives: banks in pakistan

Bank Alfalah assigned AA+/A-1+ entity ratings by JCR-VIS

KARACHI, February 17, 2017: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘AA+/A-1+’ (Double A Plus/A-One Plus) to Bank Alfalah Limited (BAFL). Outlook on the assigned ratings is ‘Stable’. The assigned ratings reflect the Bank’s diversified operations, healthy financial risk profile, strong sponsors and existing market presence. BAFL has exhibited sustained improvement across key performance areas …

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NBP Rules out misleading reports of Rs. 1.5 Billion fraud at the bank

Karachi, 30th December, 2016: Media reports have implied that a fraud of Rupees 1.5 billion was committed at National Bank of Pakistan and that the bank incurred a loss of this amount. National Bank of Pakistan firmly denies these allegations. In some media reports it is also implied that National Bank of Pakistan has caused a loss to our valued …

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