Bank Alfalah Ltd - Company Profile
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Bank Alfalah Ltd (Bank Alfalah) is a provider of banking solutions, asset management, securities brokerage, and other financial solutions. It provides a range of accounts and deposits; consumer, SME, and corporate lending; debit and credit cards; trade finance; bancassurance and payroll account services; treasury solutions; commercial services; and e-banking. Bank Alfalah provides investment banking, treasury solutions, leasing, capital market and money market operations, trading, wealth management, and investment services. The bank also offers Islamic banking solutions, discounting, and asset financing. It serves individuals, SMEs, corporates, institutions, and government entities. It has operations in Pakistan, Bangladesh, Afghanistan, and the Middle East. Bank Alfalah is headquartered in Karachi, Pakistan.
Headquarters
Pakistan
Address
B.A. Building, I.I. Chundrigar Road, Karachi, 74000
Website
www.bankalfalah.com
Telephone
92 21 111777786
No of Employees
13,860
Industry
Financial Services
Ticker Symbol & Exchange
BAFL (PSX)
Revenue (2022)
$1.6B
86.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
98.5%
(2022 vs 2021)
Market Cap*
$332.3M
Net Profit Margin (2022)
XYZ
6.3%
(2022 vs 2021)
* As of and is in US$
Bank Alfalah Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Account: | ATM Services |
| Current | E-banking |
| Savings | Transaction Banking |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In March, the company announced its plans to acquire an 84.51% stake in Samba Bank Pakistan. |
| 2023 | Regulatory Approval | In October, the company secured an approval from the Competition Commission of Pakistan to acquire a 7.2% stake in Qist Bazaar. |
| 2023 | Contracts/Agreements | In May, the company entered into an agreement with SendSpend to introduce a cutting-edge international remittances solution. |
Competitor Comparison
| Key Parameters | Bank Alfalah Ltd | National Bank of Pakistan | United Bank Ltd | Meezan Bank Ltd | MCB Bank Ltd |
|---|---|---|---|---|---|
| Headquarters | Pakistan | Pakistan | Pakistan | Pakistan | Pakistan |
| City | Karachi | Karachi | Karachi | Karachi | Lahore |
| State/Province | - | - | - | Sindh | - |
| No. of Employees | 13,860 | 10,580 | 13,951 | 12,762 | 16,174 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sheikh Nahayan Mabarak Al Nahayan | Chairman | Executive Board | - | - |
| Atif Aslam Bajwa | Chief Executive Officer; President | Executive Board | - | - |
| Anjum Hai | Chief Financial Officer | Senior Management | 2017 | - |
| Mohib Hasan Khan | Chief Information Officer | Senior Management | 2016 | - |
| Faisal Rabbani | Chief Risk Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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