Wednesday, 11 September 2013

Banks in Sialkot

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State Bank of Pakistan - The Central Bank

The State Bank of Pakistan (SBP) (Urdu: بینک دولت پاکستان‎) is the central bank of Pakistan. While its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until January 1, 1974, when the bank was nationalized, the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. The headquarters are located in the financial capital of Pakistan, Karachi with its second headquarters in the capital, Islamabad.

Banking

The State Bank of Pakistan looks into many ranges of banking to deal with changes in the economic climate and different purchasing and buying powers. Here are some of the banking areas that the bank looks into:
  • State Bank's Shariah Board approves essentials and model agreements for Islamic modes of financing
  • Procedure for submitting claims with SBP in respect of unclaimed deposits surrendered by banks/DFIs
  • Banking sector supervision in Pakistan
  • Microfinance
  • Small and medium enterprises (SMEs)
  • Minimum capital requirements for Banks
  • Remittance facilities in Pakistan
  • Opening of foreign currency accounts with banks in Pakistan under new scheme
  • Handbook of corporate governance
  • Guidelines on risk management
  • Guidelines on commercial paper
  • Guidelines on securitization
  • SBP Scheme for agricultural financing

Banks in Sialkot - onlinesialkot.com


Al Baraka Bank (Pakistan) Limited
http://www.albaraka.com.pk
With a vision for unrivalled services, dedication to Islamic principles of banking, increasing network points, and innovative product line, Al Baraka Bank (Pakistan) Limited is committed to the Banking Industry in Pakistan. Al Baraka Bank (Pakistan) Limited (ABPL) is the result of a merger between Al Baraka Islamic Bank Pakistan (AIBP), the branch operations of Al Baraka Islamic Bank (AIB) Bahrain and Emirates Global Islamic Bank (Pakistan). The merged entity commenced operations on November 1st 2010. The merger, a first in the Islamic Banking sector in Pakistan, positions ABPL to play an important role in further growing an industry which has witnessed tremendous growth over the last 5 years. With assets in excess of Rs. 67 billion; a workforce of 1400 professionals and a network of 94 branches in 42 cities and towns across Pakistan, Al Baraka Bank (Pakistan) Limited is devoted in providing customers with a range of Shariah compliant products to suit their banking needs.

Allied Bank | Aap Kay Dil Mein Hamara Account
https://www.abl.com
The Bank started out in Lahore by the name Australasia Bank before independence in 1942; and became Allied Bank of Pakistan in 1974. In August 2004, because of capital reconstruction, the Bank's ownership was transferred to a consortium comprising Ibrahim Group; therefore, it was renamed as Allied Bank Limited in 2005. Today, with its existence of over 70 years, the Bank has built itself a foundation with a strong equity, assets and deposit base. It offers universal banking services, while placing major emphasis on retail banking. The Bank has a large network of over 830 online branches in Pakistan and offers various technology-based products and services to its diverse clientele.

The Official Website of Askari Bank Limited Pakistan
https://www.askaribank.com.pk
Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operation on April 1, 1992, and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962. The Bank is listed on Karachi, Lahore and Islamabad Stock Exchanges. Since inception, the bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network which includes Islamic and Agricultural banking. Corporate Social Responsibility is an integral part of the way we do business. In order to fulfill our CSR objectives, we attempt to promote public interest by encouraging community growth and development through sponsoring social service events, supporting education, sports, and environment and also contribute in socio-cultural activities.


https://www.bankalfalah.com
Bank Alfalah Limited was incorporated as a public limited company on June 21, 1992 under the Companies Ordinance 1984. Its banking operations commenced from November 1, 1997. The Bank is owned and operated by the Abu Dhabi Group and is the sixth largest bank in Pakistan. The Bank does business through a network of 471 branches across 163 cities in Pakistan. The Bank has an international presence in Afghanistan, Bangladesh, Bahrain and a representative office in the UAE. The Bank provides financial solutions to consumers, corporations, institutions and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing. The Bank looks ahead with optimism at the future – it aims to continue investing in its core strengths to provide 'best in class' products and services to its diverse range of clients.

http://www.burjbankltd.com
Insignia Priority Banking promises you a new level of banking to meet your priorities in life, make your financial goals attainable and help enhance your lifestyle. Insignia is designed with a belief that priority banking service should offer you a level of dedication that befits your accomplishments. For this, we place great importance in understanding you and your goals, so that we may provide you with financial advice and solutions that are targeted at meeting your needs. Expect an exclusive experience at our state of the art Insignia Priority Lounges where your total banking and transactional needs will be managed by a dedicated Relationship Manager and well equipped team of Customer Service Officers. At Burj, we believe in going an extra mile to offer you solutions that work best for you and suit your lifestyle because you're unique and that's exactly how you deserve to be treated.

http://www.faysalbank.com
Faysal Bank Limited (FBL) was incorporated in Pakistan on October 3, 1994, as a public limited company under the Companies Ordinance, 1984. Currently, the Bank shares are listed on the Karachi, Lahore and Islamabad Stock Exchanges (FABL). Faysal Bank is engaged in Corporate, Commercial, Retail 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 +' with "Stable" outlook. FBL's footprint now spreads over more than 260 branches in over 70 cities, with combined business assets of over PKR 300 billion, further strengthening its balance sheet and placing it amongst the top ten banks in Pakistan. FBL's ambition is to provide par excellence service to its customers while meeting their financial needs.

http://www.fwbl.com.pk
First Women Bank Ltd., both a commercial bank and DFI designed, managed and run by women, for women, was set up in 1989 by the Islamic world's first woman Prime Minister Benazir Bhutto (Shaheed) who envisioned a bank that would meet the special needs of women entrepreneurs. Recently, the Finance Division, Government of Pakistan has given the additional charge of President of the Bank to Ms. Charmaine Hidayatullah, the senior most EVP of the Bank. The FWBL model caters to women at all levels of economic activity – micro, small, medium and corporate. Most importantly, the Bank provides women with the support services required to navigate the obstacles to the development of business. By doing so, FWBL is helping them emerge as key players in the national and global economy.

https://www.hbl.com
HBL was the first commercial bank to be established in Pakistan in 1947. Over the years, HBL has grown its branch network and become the largest private sector bank with over 1,500 branches and 1,000 ATMs across the country and a customer base exceeding five million relationships. The Government of Pakistan privatized HBL in 2004 through which AKFED acquired 51% of the Bank's shareholding and management control. HBL is majority owned (51%) by the Aga Khan Fund for Economic Development, 42.5% of the shareholding is retained by the Government of Pakistan (GOP), whilst 7.5% is owned by the general public i.e. over 170,000 shareholders following the public listing that took place in July 2007. With presence in 25 countries, subsidiaries in Hong Kong and the UK, affiliates in Nepal, Kenya and Kyrgyzstan and rep offices in Iran and China, HBL is also the largest domestic multinational. The Bank is expanding its presence in principal international markets including the UK, UAE, South and Central Asia, Africa and the Far East.

http://www.habibmetro.com
Habib Metropolitan Bank was incorporated in Pakistan as a Public Listed Company in 1992 under the name, Metropolitan Bank Limited. The Bank commenced, duly licensed, full scheduled commercial-banking operations in October 1992. Metropolitan Bank, from October 1992 to September 2006, remained a highly rated bank and, vide it's nationwide 51-branch on-line network, established as a distinguished provider of trade finance services. On October 26, 2006 Habib Bank A G Zurich`s Pakistan Operations merged into Metropolitan Bank Limited and the merged entity was named Habib Metropolitan Bank Limited. Demonstrating a strong commitment to Pakistan economy, HBZ is the principal shareholder of HABIBMETRO.

http://www.hsbc.com.pk
HSBC is one of the largest banking and financial services organisations in the world. HSBC's international network comprises over 9,500 offices in 85 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.



http://www.jsbl.com
JS Bank Limited has been formed after the merger and amalgamation of Jahangir Siddiqui Investment Bank Limited and commercial banking operations of American Express Bank Ltd Pakistan. JS Bank Limited commenced operations in Pakistan as a fully scheduled bank on December 30, 2006. JS Bank Limited also has a Primary Dealer license for government securities from the State Bank of Pakistan. JS Bank's focus is to provide a quality and innovative range of banking services and products.

https://www.mcb.com.pk
MCB Bank Limited, with more than 60 years of experience as one of the leading banks in Pakistan, was incorporated on July 9 in 1947. The bank has journeyed remarkable tenure of more than half a century of competitively edged and well positioned heights of success by deploying quality banking, heads on technological developments, professionally leading management and prudent and ethical work methodologies. MCB was nationalized along with other private banks in 1974 as part of Government of Pakistan's economic reform movement and was later privatized to Nishat Group lead consortium in 1991.

http://www.meezanbank.com
Meezan Bank Limited, a publicly listed company, is the first and largest Islamic Bank in Pakistan and one of the fastest growing banks in the history of the banking sector of the Country. Having the largest branch network and product range, Meezan Bank bears the critical responsibility of leading the way forward in establishing a stable and dynamic Islamic banking system replete with dynamic and cutting-edge products and services. Meezan Bank aims to fulfil its prime objective of providing customers accessibility and convenience, within an atmosphere and culture of dedicated service and recognition of their needs. Meezan Bank has developed an extraordinary research and development capability by combining investment bankers, commercial bankers, Shariah scholars and legal experts to develop innovative, viable, and competitive value propositions that not only meet the requirements of today's complex financial world, but do so with world-class service excellence which our customers demand; all within the bounds of Shariah.

MyBank
MyBank Limited (now merge with summit bank on 1st July 2011) was a bank located in Karachi, Sindh, Pakistan until its merger with Summit Bank in July 2011. MyBank was launched during June 2005 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 2005. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962.

http://www.nbp.com.pk
National Bank of Pakistan is one of the largest commercial bank operating in Pakistan. It has redefined its role and has moved from a public sector organization into a modern commercial bank. The Bank's services are available to individuals, corporate entities and government. While it continues to act as trustee of public funds and as the agent to the State Bank of Pakistan (in places where SBP does not have presence). It has diversified its business portfolio and is today a major lead player in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and is showing growing interest in promoting and developing the country's small and medium enterprises and at the same time fulfilling its social responsibilities, as a corporate citizen.

NIB Bank | because you're special
http://www.nibpk.com
NIB bank provides services to more than 450,000 customers through a countrywide network of 179 branches all over Pakistan. It is one of the fastest growing banks in Pakistan. NIB started operations in October 2003 with a paid up capital of Rs. 1.2 bn. Operations for NDLC, IFIC's Pakistan and Credit Agricole Indosuez Pakistan were amalgamated with their assets and liabilities in April 2004. Temasek Holdings acquired 25% shareholding in NIB in March 2005 through Bugis Investments which was enhanced to over 70% in June 2005. NIB has branches all over Pakistan.

http://www.pak.samba.com
Samba Bank Limited, formerly Crescent Commercial Bank Limited is a majority owned subsidiary of Samba Financial Group of Saudi Arabia. Samba Financial Group currently holds a 80.68% stake in Samba Bank Limited. Our vision is to become a household name in Pakistan by winning customer business through high quality services and innovative products. We are focused on building a full-service consumer, corporate, investment banking and capital markets franchise. Currently, we are working to expand our products and services across the consumer, corporate, investment banking and global markets. Looking ahead, management is exploring other growth areas including private banking, wealth management and transaction services.

http://www.standardchartered.com.pk
Standard Chartered Pakistan (officially Standard Chartered Bank (Pakistan) Limited) is a banking and financial services company in Pakistan and a wholly owned subsidiary of Standard Chartered. It is Pakistan's oldest and largest foreign commercial bank. It employs over 9000 people in its 162 branches in Pakistan. The history of Standard Chartered in Pakistan dates back to 1863, when the Chartered Bank of India, Australia and China first established its operations in Karachi.

http://www.silkbank.com.pk
On September 15, 2001, under the supervision of the State Bank of Pakistan (SBP), the institution then known as the Prudential Bank was acquired by the management and associates of the Saudi Pak Industrial and Agricultural Investment Company (Pvt) Ltd (SAPICO). On March 31, 2008, a Consortium comprising of IFC, Bank Muscat, Nomura International and Sinthos Capital led by senior bankers Mr. Shaukat Tarin and Mr. Sadeq Sayeed acquired 86.55% stake in Silkbank for around $213 million or $0.47 per share (PKR 29.3 equivalent per share). Under the new leadership, the Bank will continue to focus on SME & Consumer financing resulting in efforts of increased profitability.

http://www.smebank.org
The SME Bank was formed and incorporated as a public limited company under the Companies Ordinance 1984. The Government of Pakistan is the major Shareholder of the bank. As part of financial sector restructuring program of Government of Pakistan, Regional Development Finance Corporation (RDFC) and small Business Finance Corporation (SBFC) were amalgamated into SME Bank Ltd effective January 1, 2002. SME bank Ltd was established to exclusively cater to the needs of the SME sector. it was created to address the needs of this niche market with specialized financial products and services that will help stimulate SME development and pro poor growth in the country.

http://www.soneribank.com
The annual financial statements of Soneri Bank Limited for the year ended 31 December 2012 were approved by the shareholders of the Bank in its 21st AGM held on Thursday, 28 March 2013. The meeting was chaired by Mr. Alauddin Feerasta, Chairman of the Bank. Bank declared Rs.1,104.19 million after tax profit for the year ended 31 December 2012 which is up from Rs.783.53 million for the year 2011. This was mainly driven by growth in net mark-up / interest income which registered a growth of 23.81 percent. During the year bank declared 11 percent bonus shares amounting to Rs.993.21 million increasing the paid up capital to Rs.9,021.03 million, thus complying with the Minimum Capital Requirement of State Bank of Pakistan.

http://www.summitbank.com.pk
Summit Bank Ltd is one of the fastest growing commercial banks of Pakistan, which, in a very short span of time, has expanded its network across the country and built an infrastructure based on state of the art "Risk Management Framework" as well as "IT platform." Also targeting to be a universal bank in terms of providing products and services in all key segments of banking i.e. Corporate and Investment Banking, Trade Finance, Commercial Mid Market / SMEs, and Consumer Banking, it commenced its operations in August 2006. The Pakistan operations of Rupali Bank Limited were acquired by Arif Habib Securities Limited under the Scheme of Amalgamation approved by the State Bank of Pakistan. The name of Rupali Bank Ltd was subsequently changed to Arif Habib Rupali Bank Ltd and then finally to Arif Habib Bank Ltd in October 2007. On 31st March 2010, Suroor Investments Ltd, a company incorporated in Mauritius, acquired 59.41% stake in Arif Habib Bank Ltd from Arif Habib Securities Ltd, and on 18th August 2010, Arif Habib Bank Ltd was rebranded as Summit Bank Ltd.

https://www.ubldirect.com
United Bank Limited was incorporated in Pakistan with the registered office in Karachi, and the principal office situated in Islamabad. UBL has assets of over Rs. 747 billion and a solid track record of over fifty years - in addition, the bank operates 1200 branches all over Pakistan including 7 Islamic banking branches, and 1 branch in Karachi export processing zone and 17 branches outside Pakistan.