Faysal Bank sponsors Banking Chair at IBA

Faysal Bank sponsors Banking Chair at IBA – Saturday, June 06, 2009

KARACHI: Faysal Bank Limited and Institute of Business Administration Karachi (IBA) signed a Memorandum of understanding by value of which Faysal Bank will contribute RS 50 Million towards the sponsorship of one academic chair in the IBA’s executive MBA – Banking and Finance Services program commencing from September 2009. Dr. Ishrat Hussain, Dean and Director IBA and Naveed A. Khan, P&CEO Faysal Bank signed the agreement on the behalf of their respective organization.

IBA is launching a 2 year Executive MBA – Banking and Financial Services program geared exclusively towards mid career officers and executives. This program is being developed in consultation with leading professionals and its high powered Advisory Board will provide necessary guidance for its continuous improvement. The Banks and FSI has appreciated the program and assured their sponsorship for IBA’s initiative to develop quality human capital for the banking sector.

Faysal Bank has been operating in Pakistan since 1987 and is listed on the Karachi and Lahore Stock Exchanges.

The Bank has approximately 2000 employees, a branch network of 129 branches, two sub branches, one sale and service centre and an ATM network of 93 in 38 cities across Pakistan. Faysal Bank’s strength is validated by its credit ranking of AA (Double A) for long term and A1+ (A1 Plus) for short term assigned to it by both by PACRA and JCR VIS.

The Bank has recently been awarded a “Certificate of Excellence” by Management Association of Pakistan for its good corporate governance and best business practices.