Bank Alfalah

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Bank Alfalah Limited
Type	Private
Founded	Karachi
Headquarters	Principal Office, Karachi Pakistan
Key people	H.E. Sheikh Hamdan Bin Mubarak Al Nahayan (Chairman)
Industry	Banking Capital Markets
Products	Loans, Credit Cards, Savings, Consumer Banking etc.
Revenue	▲PKR 25.783 Billion (2007)^[1]
Net income	▲PKR 3.130 Billion (2007)^[2]
Website	www.bankalfalah.com

Bank Alfalah Limited is a private bank in Pakistan owned by the Abu Dhabi Group. Bank Alfalah was incorporated on June 21, 1997 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1, 1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962.

1 History
2 Bangladesh
3 Mission statement
4 Functions
5 Branches
6 External links
7 References

[edit] History

Bank Alfalah Limited was launched on June 21, 1997 as a public limited company under the Companies Ordinance 1984. The bank commenced its operations on November 1, 1997. The bank introduced commercial banking and related services as defined in the Banking companies ordinance, 1962.

After a few years, the bank introduced its new identity of H.C.E.B after the privatization in 1997. The management of the bank had implemented strategies and policies so the bank would become a major player in the market. With a partnership with the Abu Dhabi Group the position of the bank became stronger which allowed the bank to invest more in revolutionary technology to increase its range of products and services.

[edit] Bangladesh

On the 16th of May, 2005 Bank Alfalah formally took over the Bangladesh operations of Shamil Bank of Bahrain for US $17.88 million and renamed it to Bank Alfalah. This was the first branch of the bank outside Pakistan. Currently there are five branches of the bank in the country, three being in Dhaka and the others being in Chittagong and Sylhet.

[edit] Mission statement

To develop and deliver the most innovative products, manage customer experience, deliever quality service that contribute to brand strength, develop a competitive advantage and enhance profitability, thus providing value to the stakeholders of the bank.

[edit] Functions

Branch Banking
- E.g. Deposits, Remittances, Foreign Trade, Lockers.
Consumer Banking
- E.g. Credit Cards, Auto Loans, Home Loans, Consumer Durables, RTC's.
Electronic Banking
- E.g. Phone Banking, ATM's, Online Banking
Corporate Banking
- E.g. Short/Long Term Finance, Trade Finance, Structured Finance.
Treasury & Investment
- E.g. Money market, Forex Market, Investments, Govt. Securities, Correspondent Banking.

[edit] Branches

The bank is currently operating through 195 branches in 74 cities, with the registered office at B.A.Building, I.I.Chundrigar, Karachi. Some of the main branches are located in all of the major cities including: Lahore, Kasur, Islamabad, Gawadar, Peshawar, Faisalabad, Quetta, D.I.Khan, Rawalpindi, Sargodha, Sukkur, Sialkot, Multan, Murree, Attock District, Gujranwala etc.