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Bank Alfalah Hits Two Milestones: Unveils 1000th Branch and Exceeds PKR 2 Trillion in Deposits

Bank Alfalah: Leading the way in Pakistan’s banking sector with 1000 branches and over PKR 2 trillion in deposits. Experience excellence in Commercial, Retail, Islamic, Corporate Investment, and Digital banking services, driven by innovation and a commitment to financial inclusion.

Bank Alfalah Hits Two Milestones: Unveils 1000th Branch and Exceeds PKR 2 Trillion in Deposits

Bank Alfalah Limited, which is one of the main banks in Pakistan, has achieved two important goals. They opened their 1000th branch and reached more than PKR 2 trillion in deposits. This shows that they are committed to growing and becoming a top financial institution in Pakistan.

The journey started over 26 years ago in 1997 when investors from Abu Dhabi, led by Chairman Sheikh Nahayan Mabarak Al Nahayan, acquired three branches of Habib Credit and Exchange Bank Limited. They were in Karachi, Lahore, and Rawalpindi. The goal was to change the banking in Pakistan and make finance more accessible. The bank was renamed ‘Bank Alfalah,’ and it has been focusing on innovation and customer service for over 20 years.

The achievement of reaching more than PKR 2 trillion in deposits happened in just two and a half years after reaching the PKR 1 trillion mark. This is remarkable considering the challenging economic conditions nationally and internationally. The bank’s growth shows the dedication and resilience of its employees.

Chairman Sheikh Nahayan Mabarak Al Nahayan expressed pride in reaching these milestones. He thanked the Government of Pakistan and the State Bank of Pakistan for their support. He emphasized the bank’s commitment to the well-being of the people of Pakistan and advancing the nation’s prosperity.

Atif Bajwa, President and CEO of Bank Alfalah, highlighted the bank’s commitment to excellence. He talked about their efforts in transforming banking and focusing on people’s needs through digital solutions. The bank excels in various banking services, including Commercial, Retail, Islamic, Corporate Investment, and Digital banking.

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In 2022, Bank Alfalah became the largest corporate donor to communities affected by floods. The bank has been a leader in digital banking, introducing various services to make managing finances convenient for consumers. They continue to focus on innovation, including launching ‘Pakistan’s First Digital Lifestyle Branch’ and ‘Digital Payment-Sales and Service Centres’ to empower merchants and small businesses. These efforts contribute to the growth of financial inclusion in Pakistan.

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