Bank Alfalah Limited (BAFL), the country’s leading financial institution and Jubilee Life Insurance Company Limited (JLICL), Pakistan biggest private sector insurer have come together, and signed an MOU for round the clock cash collection through Bank Alfalah CDM network. The signing ceremony was held at Bank Alfalah’s Head Office in Karachi. With the help of […]

The Board of Directors of Bank Alfalah Limited in its meeting held on August 25, 2021, approved the Bank’s unaudited condensed interim financial statements for the half-year ended June 30, 2021. The first half of 2021 has been a period of remarkable growth for the Bank. Profit after taxation increased by 24.2% and stood at […]

President & CEO of U Microfinance Bank Limited Mr. Kabeer Naqvi and President & CEO of Bank Alfalah Limited, Mr. Atif Bajwa, signed off a strategic partnership to promote financial inclusion in the country. This new relationship not only strengthens the bond between both banks, but also promises to open up multiple avenues for collaboration, […]

Pakistan Mortgage Refinance Company (PMRC) and its Partner Financial Institutions (PFIs) joined hands to provide and promote affordable housing finance in the country by signing Credit Guarantee Agreements with Credit Guarantee Trusts for Low-Cost Housing, set up by the Government of Pakistan with PMRC as Trustee. In the ceremony held at PMRC’s office at FTC […]

The Board of Directors of Bank Alfalah Limited in its meeting held on February 3, 2021, approved the Bank’s audited financial statements for the year ended December 31, 2020. The Bank reported an operating profit of Rs. 25.468 billion, marginally higher than last year, despite lockdown in the country and the 625 bps drop-in policy […]

The Board of Directors of Bank Alfalah Limited in its meeting held on October 21, 2020, approved the Bank’s unaudited condensed interim financial statements for the period ended September 30, 2020. The Bank’s operating profit at Rs. 20.614 billion showed a growth of 11.4% compared to the corresponding period of 2019 despite lockdown in the […]

U Microfinance Bank Ltd. (U Bank) was awarded the ABF Corporate & Investment Banking Award 2020 for the “Microfinance Syndication Deal of the Year – Pakistan” category. The Syndicate Term loan was executed between U Microfinance Bank Ltd. and Allied Bank Limited in the last week of December 2018, with the drawdown in trenches, with the purpose […]

The Board of Directors of Bank Alfalah Limited in its meeting held on August 25, 2020, approved the Bank’s unaudited condensed interim financial statements for the half-year ended June 30, 2020. The Bank’s operating profit at Rs. 14.386 billion showed a growth of 16.1% compared to the corresponding period of 2019. In view of the […]