Bank Alfalah moves forward
Arecent announcement by Bank Alfalah of investing Rs. 750 million in Alfalah Securities by issuing right shares has endorsed its leading role in the financial sector. This is a testimony to the fact that the bank has continuously believed in the growth of its operations, business and customer base.
Bank Alfalah ended 2010 on successful foreign trade figures of Rs. 254.705 billion in imports and Rs. 132.277 billion in exports. The increased profit of 38.26 percent of profits made by its Islamic banking business has elevated Bank Alfalah’s ranking to the second largest Islamic bank in the country. The bank’s Islamic banking window covers consumer, corporate and SME banking.
Bank Alfalah CEO Sirajuddin Aziz has also announced opening of five more branches in Bangladesh as further expansion in its international network . The bank already has presence in Afghanistan, Bangladesh, Bahrain and UAE.
The bank is also planning to collaborate with associate companies Warid and Wateen Telecom to initiate e-banking
Sirajuddin Aziz, CEO Bank Alfalah