Overview:Bank Alfalah is the fifth largest private Bank in Pakistan with a network of over 600 branches in more than 200 cities across Pakistan with an international presence in Afghanistan, Bangladesh, Bahrain and a representative office in the UAE. The Bank is owned and operated by the Abu Dhabi Group. The International Finance Corporation (IFC) of the World Bank partnered with the Bank in 2014, and holds a 15 percent stake in Bank Alfalah.
Incorporated as a public limited company on 21st June, 1992, under the Companies Ordinance, 1984, Bank Alfalah commenced banking operations from 1st November, 1997.
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.
JCR-VIS has assigned an entity rating of ‘AA+’ (double A plus) for the long-term and ‘A1+’ (A one plus) for the short-term, with a stable outlook. PACRA has assigned Bank Alfalah ‘AA+’ (double A plus) entity rating for the long-term and ‘A1+’ (A one plus) for the short-term, with a positive outlook. The Bank is listed on the Pakistan Stock Exchange.
The Bank has 97.91 percent shareholding in Alfalah Securities (Private) Limited, which is engaged in the business of stock brokerage, investment counseling and fund placements. The Bank has 40.22 percent shareholding in Alfalah GHP Investment Management Limited, which is registered as an Asset Management Company and Investment Advisor under the Non-Banking Finance Companies (Establishment and Regulation) Rule.