Faysal Bank

Faysal Bank Limited
Public
Traded as PSX: FABL
Industry Banking,
Capital Markets,
Investment Banking
Founded October 3, 1994
Headquarters Karachi, Pakistan
Key people
 Yousaf Hussain
Chief Executive & President[1]
Products Corporate Banking, Investment Banking, loans, consumer banking, credit cards, savings etc.
Increase PKR 15,371 million (2013)[2]
Number of employees
 3,610 [2]
Website Official website

Faysal Bank is a multinational bank based in Pakistan.[3] which was incorporated in Pakistan on October 3, 1994 as a Public Limited Company under the Companies Ordinance, 1984.

It is a publicly listed universal bank engaged in Commercial, Retail, Corporate and Islamic banking activities and based on a number of metrics i.e. branch network, asset base, deposit size etc. is positioned as one of the top-ten banks in Pakistan.

Currently the Bank's footprint is spread over more than 150 cities with 450+ branches which include 200+ Islamic branches and a declared expansion plan of opening 200+ new branches over the next two years (2019/2020) which will position the bank firmly in the top-5 category with a network of 650/700 branches.

After languishing for many years as a mid-tier bank with limited profitability. In 2014, the bank undertook a new strategic direction of focused growth and bad cost rationalization. Under the new strategic direction the bank cut bad costs in the initial one to two years and then used the capital released for growth. The bank has now grown to a top-10 position and tripled profitability from ~1.5BN per year to over 4.5BN per year within a period of four years.

As of June 2018, Faysal bank has an asset base which exceeds PKR 600BN - approx US$ 6BN and a highly profitable core business.

References

  1. ↑ Key people
  2. 1 2 Annual Report 2013
  3. ↑ About Faysal Bank


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