Faysal Bank Limited expands its Branch Network
Wednesday, July 6, 2011
Pursuing aggressive growth plans since the beginning of the year, Faysal Bank Limited has grown its countrywide branch network to 245 (inclusive of 2 sub-branches), further strengthening its position amongst the top ten banks in Pakistan.
Many of the new branches have been added in smaller towns, in addition to the large metropolitan cities, enhancing Faysal Bank’s geographical footprint, customer base and services reach. Offering a comprehensive range of products and services, the expanded branch network now comprises 214 Retail and 31 Islamic Banking branches in 56 cities across Pakistan. This newly expanded footprint has taken Faysal Bank to new locations such as Charsadda, Mirpurkhas, Dudial, Khanpur and Chishtian among others.
In a statement to the press, President & CEO, Naved A. Khan commented: “We are extremely pleased to have launched several new branches that are dedicated to providing financial services in line with specific customer needs and requirements. We remain committed to providing a comprehensive suite of Retail and Islamic Banking products and services, while ensuring customer satisfaction at all times. Our extended reach also enables us to better cater to our agricultural customers’ financial needs by helping create farm-to-market linkages.”
These new branch openings are a result of Faysal Bank’s continuing strategic plan for 2011 and further augment their envisaged sustained optimal growth.
Notes to Editors:
Faysal Bank Limited was incorporated in Pakistan on October 3, 1994, as a public limited company under the Companies Ordinance, 1984. Currently, the Bank’s shares are listed on the Karachi, Lahore and Islamabad Stock Exchanges. Faysal Bank is engaged in Commercial, Consumer, Corporate and Islamic Banking activities. The Pakistan Credit Rating Agency Limited (PACRA) and JCR-VIS Credit Rating Company Limited have determined the Bank’s long-term rating as ‘AA’ and short term rating as ‘A1+’.
Following the acquisition of RBS Pakistan, Faysal Bank’s footprint has expanded to 245 branches, with combined business assets of over PKR 250 billion, further strengthening its balance sheet and placing it amongst the top ten banks in Pakistan. Faysal Bank’s ambition is to provide par excellence service for its customers while meeting all their financial needs.
Faysal Bank Limited