Bank Al­falah moves for­ward

Enterprise - - INVESTMENT -

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

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