Banking Sector Archives - Page 7 of 79

Mobilink bank honoured with multiple awards at Veon Ignite 2024 This recognition marks a step forward in our commitment to fostering financial empowerment for all Pakistanis.

On: November 8, 2024

Tagged: Financial Empowerment, Honoured awards, Mobilink Bank, Veon Ignite 2024

ISLAMABAD ( WEB NEWS ) Mobilink Bank, Pakistan’s leading digital microfinance institution, was celebrated with multiple prestigious awards at VEON Ignite 2024. This annual gathering brings together over 200 global leaders from VEON’s extensive network, focusing on driving digital innovation and future strategies. Mobilink Bank’s accomplishments in digital financial services,Read More →

Jazz’s Garaj Partners with SCB to Establish Regional Availability Zone in Pakistan “This strategic partnership strengthens the Bank’s technology infrastructure and advances our digital thought leadership. Rehan Shaikh

On: November 8, 2024

In: Banking Sector

Tagged: Garaj Pakistan, Jazz Pakistan, Regional zone, Standard Chartered Bank

Jazz’s Garaj Partners with Standard Chartered Bank to Establish Regional Availability Zone in Pakistan ISLAMABAD ( WEB NEWS ) Garaj, Pakistan’s leading cloud services and cybersecurity solutions provider by Jazz, has partnered with Standard Chartered Bank to create a regional availability zone in Pakistan. This strategic initiative will enhance StandardRead More →

Meezan Bank Inks Agreement to Join the ITFC to Support Private Sector This Islamic trade facility will enable Meezan Bank to extend geographical coverage by leveraging the ITFC network.

On: November 6, 2024

In: Banking Sector

Tagged: Islamic trade facility, Join the ITFC, Meezan Bank, Support Private Sector

Meezan Bank Inks Agreement to Join the International Islamic Trade Finance Corporation (ITFC) to Support Private Sector KARACHI ( WEB NEWS ) Meezan Bank, Pakistan’s leading Islamic bank has signed a new strategic partnership with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB)Read More →

Mashreq’s 9M 2024 Profit before Tax Rises 9% YoY to AED 6.5 Billion The Cost-Income ratio at 27.9%, highlights the bank’s strong overall performance and operational efficiency.

On: October 31, 2024

In: Banking Sector

Tagged: 9M 2024 Profit, AED 6.5 Billion, business environment, Mashreq Bank

Mashreq’s 9M 2024 Profit before Tax Rises 9% YoY to AED 6.5 Billion, reflecting strong business activity in a healthy business environment Dubai ( WEB NEWS ) Mashreq is proud to report its strong financial performance for the first nine months of 2024, showcasing the bank’s dedicated commitment to itsRead More →

Meezan Bank wins ‘Best Company in Financial Category’ Award The Bank received awards for: ‘Best Islamic Bank,’ and ‘Best Digital Banking Services of the Year

On: October 31, 2024

In: Banking Sector

Tagged: Best Islamic Bank, Corporate Excellence Awards, Financial Category’ Award, Meezan Bank

Meezan Bank wins ‘Best Company in Financial Category’ Award at the 39th MAP Awards KARACHI ( WEB NEWS ) Meezan Bank, Pakistan’s leading Islamic bank, has been honored with the prestigious ‘Best Company in the Financial Category’ award at the 39th Corporate Excellence Awards, hosted by the Management Association ofRead More →

Bank of Punjab impressive 58% growth in profit before tax In the first nine months of 2024, the Bank recorded a profit before tax of Rs. 14.10 billion

On: October 31, 2024

In: Banking Sector

Tagged: 1st 9 month 2024, bank of punjab, Impressive 58% growth, Profit Rs 14.10 billion

LAHORE ( WEB NEWS ) The Board of Directors of The Bank of Punjab convened on October 30, 2024, to review and approve the unaudited financial statements for the first nine months ending September 30, 2024. During the review of the Bank’s performance for the period, the Board expressed itsRead More →

Bank Alfalah Launches its Alfa App and Instant Credit Digital Cheque Deposit Kiosk The Alfa app launch inaugurated by Mr. Syed Sohail Jawaad, Executive Director State Bank Pakistan.

On: October 30, 2024

In: Banking Sector

Tagged: Bank Alfalah, Cheque Deposit Kiosk, Launches Alfa App, State Bank of Pakistan

Bank Alfalah Launches its Flagship New Alfa App and Pakistan’s First Instant Credit Digital Cheque Deposit Kiosk ISLAMABAD ( WEB NEWS ) Bank Alfalah, a leading commercial bank in Pakistan and the incumbent Best Bank for Digital Banking, announced the launch of its new mobile banking application, Alfa. New AlfaRead More →

JazzCash Partners with Dgpays to Enhance e-Commerce in Pakistan This partnership will enable JazzCash to upgrade its payment gateway for e-commerce transactions

On: October 26, 2024

In: Banking Sector

Tagged: Dgpays, Enhance e-Commerce, JazzCash Partners, Merchants consumers

JazzCash Partners with Dgpays to Enhance e-Commerce in Pakistan ISLAMABAD ( WEB NEWS ) JazzCash, Pakistan’s largest fintech organization,, has signed an agreement with Dgpays, a leading financial infrastructure technology provider in the EMEA region. This partnership will enable JazzCash to upgrade its payment gateway for e-commerce transactions, enhancing transactionRead More →

Meezan Bank announces Financial Results for the Nine Months ended Sept. 2024 The Bank posted a Profit After Tax (PAT) of Rs 77.5 billion up from 58.04 billion in the corresponding period last year, a growth of 34%.

On: October 24, 2024

In: Banking Sector

Tagged: Earnings Per Share, financial results, Meezan Bank, Profit After Tax Rs 77.5 b

Meezan Bank announces Financial Results for the Nine Months ended September 30, 2024 KARACHI ( WEB NEWS ) The Board of Directors of Meezan Bank approved the Bank’s financial statements for the nine months ended September 30, 2024. Mr. Riyadh S. A. A. Edrees, Chairman of the Board, chaired theRead More →

Mastercard Recognizes JazzCash with ‘Pioneering Telco to Launch Tap on Phone’ Award Despite the presence of approximately 50.37 million debit and credit cards in Pakistan, there are only 125,593 point-of-sale (PoS) machines.

On: October 23, 2024

In: Banking Sector

Tagged: 125593 PoS machines., 50.37 million cards, JazzCash, Mastercard Recognizes, Tap on Phone’ Award

Mastercard Recognizes JazzCash with ‘Pioneering Telco to Launch Tap on Phone’ Award ISLAMABAD ( WEB NEWS ) JazzCash, the fintech arm of Pakistan’s leading digital operator Jazz, a VEON Group company, has received the ‘Pioneering Telco to Launch Tap on Phone’ award at the Mastercard Payment Leaders Awards. The ceremonyRead More →

Mobilink Bank tops the SBP’s Banking on Equality scorecard for the second year The Women Friendliness Grid serves as a vital benchmark for assessing the accessibility and inclusivity of financial services for women.

On: October 23, 2024

In: Banking Sector

Tagged: Mobilink Bank, SBP’s Banking, Supportive environment, Women Friendliness Grid

ISLAMABAD ( WEB NEWS ) Mobilink Bank has once again demonstrated its unwavering commitment to gender equality and financial inclusion, securing a remarkable score of 82.7 on the State Bank of Pakistan’s (SBP) Women Friendliness Grid. This notable increase from last year’s score of 71.79 highlights the Bank’s continuous effortsRead More →

Bank Alfalah Reports 23.5% Growth in Profit Bank Alfalah reported profit after tax of PKR 33.643 billion, an improvement of 23.5% over the same period

On: October 21, 2024

In: Banking Sector

Tagged: 23.5% Growth Profit, Bank Alfalah, Deposits Rs. 2.136 tri, Profit Rs.33.643 b

Bank Alfalah Reports 23.5% Growth in Profit ISLAMABAD ( WEB NEWS ) The Board of Directors of Bank Alfalah Limited, in its meeting held on October 17, 2024, approved the Bank’s financial results for the nine-months period ended September 30, 2024. Bank Alfalah reported profit after tax of PKR 33.643Read More →

Banking Sector (Page 7)