Faysal Bank Limited signs Health Agreement with Allianz EFU Health Insurance Limited

Faysal Bank Limited (FBL) has entered into a strategic partnership with Allianz EFU Health Insurance Limited (Allianz EFU) for their upcoming product Faysal aikFaisla Health Plan.

The agreement signing ceremony took place at Faysal House on February 14, 2012, Mr. Aarij Ali, Head Retail Banking FBL and Mr. Taher G. Sachak, – Vice Chairman – Allianz EFU, signed the agreement. Among representation of both organisations, Mr. Mir Nejib Rehman – Head Wealth Management & E-Banking FBL, Mr. Ahmed Hemani – Head Bancassurance, Investment Products & Channel Management FBL and Kamran Ansari, Chief Operating Officer – Allianz EFU were also present.

Speaking on the occasion, Mr. Aarij Ali said “This agreement is the next step in Faysal Bank’s long term plans to leverage its strengths for the benefit of their customers. We are convinced that this product provides a cost-effective way of addressing many of the health issues faced by our customers.”

The signing of the contract has enabled FBL to become one of the few banks in the country to have a comprehensive Health Insurance product in its portfolio.

Notes of 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 over 250 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.

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Faysal Bank Limited