Banking Sector Archives - Page 29 of 81

SECP announces fourth cohort under its Regulatory Sandbox The upcoming fourth cohort is divided into two segments: (i) Islamic Finance; and (ii) Conventional Finance.

On: April 30, 2023

Tagged: Applications till May 31, Conventional Finance, Islamic Finance, Regulatory Sandbox, SECP fourth cohort

SECP announces fourth cohort under its Regulatory Sandbox The applications submission window shall remain open till May 31, 2023 The upcoming fourth cohort is divided into two segments: (i) Islamic Finance; and (ii) Conventional Finance. ISLAMABAD ( Web News ) The Securities and Exchange Commission of Pakistan (SECP) will beRead More →

UAE Investor Acquires Majority Share of Summit Bank The Investor subscribed to 3.98 billion new shares of the Bank at PKR 2.51 per share .

On: April 28, 2023

In: Banking Sector

Tagged: Majority Share, President of Summit Bank, State Bank of Pakistan, Summit Bank, UAE Investor

KARACHI (WEB DESK) Prominent UAE national, investor, and a longstanding friend of Pakistan, H.E. Nasser Abdulla Hussain Lootah (the “Investor“), has acquired a controlling stake in Summit Bank, a move that was recently approved by the State Bank of Pakistan, Securities and Exchange Commission of Pakistan, and Competition Commission ofRead More →

Assets increased from 13.56 billion rupees to 28.46 billion rupees, Khawar Saeed Bank of Azad Jammu and Kashmir's operating profit increases by 617% in just three years, CEO

On: April 28, 2023

In: Banking Sector

Tagged: Assets increased, Bank of AJK, Khawar Saeed

MUZAFFARABAD (WEB DESK) Mr. Khawar Saeed, President and Chief Executive Officer of Bank of Azad Jammu and Kashmir, has said that in a short period of three years, the operating profit of the bank has increased by 617%. which is the result of effective marketing strategy, effective and systematic businessRead More →

Bank Alfalah continues its growth momentum 2023 has been challenging due to the economic slowdown, high inflation, and currency devaluation.

On: April 27, 2023

In: Banking Sector

Tagged: Bank Alfalah, financial results, high inflation, non-performing loans

ISLAMABAD (WEB DESK) The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 27, 2023, approved the Bank’s financial results for the quarter ended March 31, 2023. The beginning of 2023 has been challenging due to the economic slowdown in the country, high inflation, andRead More →

Pak-Qatar Takaful Group Announces Financial Results for 2022 During the year 2022, Pak-Qatar Takaful Group (the Group) achieved a consolidated aggregate turnover of PKR 11.44 Billion*.

On: April 20, 2023

In: Banking Sector

Tagged: Financial results 2022, Pak-Qatar Group, PKR 11.44 Billion*, Profit PKR 184 Million

KARACHI (WEB DESK) Pakistan premier and pioneer Islamic financial conglomerate, Pak-Qatar Group has announced its financial results for the year ended December 31, 2022, for its companies Pak-Qatar Family Takaful Limited (PQFTL) and Pak-Qatar General Takaful Limited (PQGTL). The Board meetings, presided over by Sheikh Ali bin Abdullah bin ThaniRead More →

Meezan Bank announces Financial Results for the quarter ended March 31, 2023 The Bank’s profit after tax increased to Rs 15.4 billion from Rs 9.2 billion in the corresponding period last year, a growth of 68%.

On: April 20, 2023

In: Banking Sector

Tagged: Board of Directors, financial results, Growth of 68%., Islamic Retail Bank, Meezan Bank

KARACHI (WEB DESK) The Board of Directors of Meezan Bank Limited in its meeting, held at Karachi on April 18, 2023, approved the financial statements of the Bank for the quarter ended March 31, 2023. The meeting was presided by Mr. Riyadh S.A. A. Edrees – Chairman of the Board;Read More →

Applications open in Pakistan for Visa Everywhere Initiative The winners also benefit from receiving recognition from one of the world’s most trusted and valuable brands.

On: April 18, 2023

In: Banking Sector

Tagged: applications open, fintech startups, Pakistan 2023 edition, TechCrunch, Visa

KARACHI (WEB DESK) Visa Everywhere Initiative tasks startups with solving today’s most pressing payments and commerce challenges, with monetary prizes, global exposure, and validation from one of the world’s most trusted brands Applications are now open in Pakistan for the 2023 edition of the Visa Everywhere Initiative (VEI), a globalRead More →

Takaful and Emaan Islamic Banking Collaborate to Offer Innovative Health Plan "We are thrilled to partner with Emaan Islamic Banking to distribute this new health plan across the country," Azeem Pirani,

On: April 17, 2023

In: Banking Sector

Tagged: Emaan Islamic Banking, Health Takaful, Pak-Qatar Family Takaful, Silkbank

KARACHI (WEB DESK) Pak-Qatar Family Takaful and Emaan Islamic Banking (a division of Silk Bank) Collaborate to Offer Health Takaful Plan. The agreement was signed by Mr. Azeem Pirani, Chief Executive Officer Pak-Qatar Family Takaful and Mr. Shahram Raza Bakhtiari, President & CEO of SilkBank. Pak-Qatar Family Takaful, Pakistan’s leadingRead More →

Bank Alfalah Partners with SendSpend for UK remittance transfers to Pakistan The cloud-based service allows immediate and effortless money transfers from the UK to Pakistan through mobile phones

On: April 17, 2023

In: Banking Sector

Tagged: Bank Alfalah, corporation, Effortless money transfers, Remittance service, SendSpend, UK to Pakistan

Bank Alfalah Partners with SendSpend for UK remittance transfers to Pakistan ISLAMABAD ( Web News ) Bank Alfalah, one of the largest commercial banks in Pakistan, has collaborated with SendSpend, headquartered in London, United Kingdom (UK), to launch a state-of-the-art, international remittance service. The cloud-based service allows immediate and effortlessRead More →

Business leaders vows to associate for the success of BAJK Excellent business results have been achieved in the 17 -year history of the bank.

On: April 17, 2023

In: Banking Sector

Tagged: 17 -year Bank history, Bank of AJK, business leaders, Excellent business results, Mr. Khawar Saeed

MUZAFFARABAD (WEB DESK) The business community of Azad Jammu and Kashmir announces to promote and strengthen banking relations with Bank of AJK and believed that the bank will soon be included in the leading banks. Persons affiliated with Azad Jammu and Kashmir Chamber of Commerce and Industry , President AnjamnRead More →

Visa Announces the “Visa Eco Benefits” Sustainability Bundle to Empower BANKS to Meet Climate-Conscious Consumer Demand

On: April 14, 2023

In: Banking Sector

Tagged: CEMEA, ecolytiq, rewards for cardholders, Sustainability-as-a-Service, Visa, Visa Eco Benefits

Visa Eco Benefits is designed to help consumers understand the impact of their spending on the environment when using their debit or credit card The solution gives financial institutions the tools to inspire and accelerate a positive shift in sustainable consumption and behaviour among their clients KARACHI (WEB DESK) VisaRead More →

Consumers benefit from the lowest markup, easy loan schemes, CEO Kashmir Bank To Improve services, increase business relations with customers are top priorities, said Khawar Saeed during a visit to operating offices and branches.

On: April 13, 2023

In: Banking Sector

Tagged: Bank of Azad Jammu and Kashmir, loan schemes, lowest markup, Mr. Khawar Saeed

MUZAFFARABAD (WEB DESK) Mr. Khawar Saeed, President and Chief Executive Officer of Bank of Azad Jammu and Kashmir, visited the field supervisor offices and branches of the institution in Mirpur on Thursday. During the visit, he reviewed the professional performance of the staff and gave instructions regarding the best bankingRead More →

Banking Sector (Page 29)