Bank Alfalah Introductio

Topics: Bank, Finance, Time Pages: 3 (603 words) Published: May 5, 2010
Introduction:
Bank Alfalah Limited was incorporated on June 21st, 1997 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1st ,1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962. The Bank is currently operating through 195 branches in 74 cities, with the registered office at B.A.Building, I.I.Chundrigar, Karachi. Karachi. Since its inception, as the new identity of H.C.E.B after the privatization in 1997, the management of the bank has implemented strategies and policies to carve a distinct position for the bank in the market place. Since its inception, as the new identity of H.C.E.B after the privatization in 1997, the management of the bank has implemented strategies and policies to carve a distinct position for the bank in the market place. Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals set out by its board of management, the Bank has invested in revolutionary technology to have an extensive range of products and services.

This facilitates our commitment to a culture of innovation and seeks out synergies with clients and service providers to ensure uninterrupted services to its customers. We perceive the requirements of our customers and match them with quality products and service solutions. During the past five years, we have emerged as one of the foremost financial institution in the region endeavoring to meet the needs of tomorrow today.

Credit rating
PACRA, a premier rating agency of the country, has rated the bank ‘AA’ (double A),

Entity Rating for long term and A1+ (A one plus) for the short term. These ratings

denote a very low expectation of credit risk, strong capacity for timely payment of

financial commitments in the long term and by highest capacity for timely repayment in

the short term, respectively. The ratings of first...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Customer Satisfaction of Bank Alfalah Essay
  • Waqas Report Bank Alfalah Essay
  • Hrm in Bank Alfalah Essay
  • Bank Alfalah Report Essay
  • Essay about Complete Askari Bank and Bak Alfalah Report
  • Customer Satisfaction: a Study on Bank Alfalah Limited Essay
  • Essay on Bank Notes
  • Essay about Bank

Become a StudyMode Member

Sign Up - It's Free