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Bank Alfalah crosses Rs2tr in deposits

2024-01-08
BANK Alfalah Limited recently achieved two significant milestones, as per a press release. It launched its 1,000th branchas well as surpassed Rs2tr in deposits. Bank Alfalah has been able to double its deposits from Rs1tr to Rs2tr within only two and a half years. The journey has been of over 26 years ago, starting in 1997, when investors from Abu Dhabi, led by the Chairman, His Excellency Sheikh Nahayan Mabarak Al Nahayan, acquired three branches of Habib Credit and Exchange Bank Limited in Karachi, Lahore, and Rawalpindi. With the vision to transform the banking landscape in Pakistan and improve access to finance, the institution was renamed `Bank Alfalah`, which has consistently prioritised innovation and customer-centricity for over two decades. •