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Tag Archives: banks in pakistan

JS Bank partners with Paysys Labs to launch Instascan – Pakistan’s first Mobile Based Biometric Solution

JS Bank signed an agreement with Paysys Labs to launch the first ever mobile based biometric solution in Pakistan, Instascan. The signing ceremony between JS Bank & Paysys Labs was attended by Mr. Imran Soomro, Chief Information Officer, JS Bank, Mr. Khurram Shaikh, Chief Digital Officer, JS Bank and Mr. Karim Jindani, Chief Executive Officer of Paysys Labs Private Limited. …

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JS Bank Sponsors 56th National Amateur Golf Championship

JS Bank Limited (JSBL) sponsored the 56th National Amateur Golf Championship of Pakistan at Defence Authority Country & Golf Club.  It was an iconic golf event of Pakistan Golf Federation with Pakistan’s top amateur golfers contesting along with leading players from Bangladesh and Srilanka. More than 100 golfers from all over the country participated in the four day championship. The …

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Chairman of the Board of Directors Bank Alfalah Limited, His Highness Sheikh Nahayan Mabarak Al Nahayan visits Pakistan

His Highness Sheikh Nahayan Mabarak Al Nahayan, Chairman of the Board of Directors, Bank Alfalah Limited, visited Pakistan and met with the management and staff of Bank Alfalah. In a simple ceremony at the Bank’s Head Office in Karachi, Sheikh Nahayan bid farewell to the outgoing President & CEO Atif Bajwa, and welcomed his successor, Nauman Ansari to the Bank. …

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JS Bank’s Acts of Humility Defy All Odds of Indecency

Since the Pakistan Cricket Team won the Champions’ Trophy and eventually cross-referenced each citizen’s feelings into a frenzy of communal togetherness, the big guns of the country have made a couple of decisions to help accentuate the current situation. For the past few years, the country has witnessed a similar chain of visceral events that have either attempted to tarnish …

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Bank Alfalah posts EPS of Rs. 4.96, improving 4.8 percent year on year

KARACHI, 28 March 2017: Bank Alfalah’s 25th Annual General Meeting (AGM) was held in Karachi on Tuesday, where the Bank’s shareholders approved the financial results for the year ended 31 December 2016, with the Bank registering Profit after tax of Rs. 7.900 Billion in December 2016 as against Rs. 7.523 Billion in December 2015. Earnings per Share were reported at …

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Easypaisa partners with the Bank of Punjab for greater financial inclusion

KARACHI – March 01, 2017: In line with its commitment to promote financial inclusion in the country, Pakistan’s first and foremost branchless banking service Easypaisa has entered into a strategic partnership with the Bank of Punjab (BOP) to expand the scale of branchless banking services. The partnership will facilitate BOP’s extensive customer base in availing services through Easypaisa’s network of …

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Bank Alfalah posts profit after tax of Rs. 7.9 Billion with an EPS of Rs. 4.96

KARACHI, 24 Feb 2017: Bank Alfalah has announced its financial results for the year ended 31 December 2016, with the Bank registering Profit after tax of Rs. 7.9 Billion in December 2016 as against Rs. 7.5 Billion in December 2015, improving by 5 percent. Earnings per Share were reported at Rs. 4.96 as compared to Rs. 4.73 reported in December …

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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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