Faysal Bank Limited in Pakistan (FBL)

Faysal Bank Limited

Faysal Bank Limited was incorporated in Pakistan on October 3rd, 1994 as a public Limited company under the Companies Ordinance, 1984. Currently, the Bank’s shares are listed on the Karachi, Lahore and Islamabad Stock exchanges.

faysal bank Limited

Faysal Bank is engaged in Commercial, Retail, Corporate, 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+’.

Faysal Bank’s footprint now spreads over more than 80 cities with over 275 branches. With business assets in excess of PKR 430 billion, placing it is amongst the top ten banks in Pakistan. Faysal Bank’s ambition is to provide par excellence service to its customers while meeting their financial needs.

Faysal Bank Limited, together with its subsidiaries, provides corporate, commercial, consumer, retail, and Islamic banking services in Pakistan. The company offers current accounts, savings accounts, term deposit accounts, and foreign currency accounts credit cards, personal installment loans, balance transfer facilities, and car and home finance; and insurance solutions, such as child’s future plan, protection, and growth plan, saving plus, Takaful saving plan, Takaful save and protect the plan, health plan, and cash withdrawal insurance, as well as credit and debit cards, fund transfer, locker, and mobile banking services.

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It also provides cash management services; corporate finance services; investment banking services, including advisory on mergers and acquisitions, underwriting, privatization, securitization, initial public offers, secondary private placements, etc.; and trade finance services, such as import, export, and guarantee products, as well as specialized agricultural financing and treasury solutions.

Faysal Bank launches debit card

Faysal Bank Limited launched UnionPay Debit Card for the first time in the country’s banking history.
Held here at a local hotel the launching ceremony was attended by Faysal Bank President and CEO Naved A. Khan, and International President UnionPay Larry Wang
Also present on the occasion was State Bank of Pakistan Deputy Governor Kazi Abdul Muktadir.
UnionPay is one of the fastest-growing payments technology companies in the world. Its cards are accepted at over 1.7 million ATMs and 5 million POS terminals, in more than 125 countries. It has a card base of over 2.8 billion globally, which makes it one of the largest payment schemes in the world.

Faysal Bank is among the top 10 banks in Pakistan, with over 260 branches in more than 70 cities. With this card launch, Faysal Bank will not only be the first bank in the country but also in South Asia, the Middle East, and North Africa to issue UnionPay Cards Furthermore, in order to facilitate and provide banking convenience to international UnionPay customers visiting Pakistan, Faysal Bank has also enabled its network of over 240 ATMs to accept all UnionPay cards.

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Nauman Ansari President & CEO of Faysal Bank

Karachi: The Board of Directors of Faysal Bank Limited (KSE: FABL) has appointed Nauman Ansari as President and CEO of FBL, subject to all regulatory approvals.

Presedent and CEO OF FBL Bank

Commenting on the appointment Farooq Rahmatullah, Chairman, Faysal bank said, We are extremely pleased to appoint Nauman Ansari as President & CEO of Faysal Bank. Nauman brings with him the right mix of experience and energy to lead Banking Pk at this time when we are aiming to take Banking Pk into a new phase of consolidation and growth”.

Commenting on his new role, Nauman Ansari, President & CEO, Faysal Bank said, “I am honored to be leading a bank which is already in the top ten banks in the country. Faysal Bank has strong brand equity and as we emerge from the integration process after the acquisition of RBS Pakistan, it is an exciting time to further grow Banking Pk and enhance value for all stakeholders of Faysal Bank”.

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Nauman brings with him more than twenty years of extensive and diversified experience in the areas of wholesale and retail banking in Standard Chartered, Bank of America, ABN AMRO Pakistan and International, Fortis Bank Middle East, and Crescent Commercial Bank Pakistan. He joined Faysal Bank Limited in 2008 as Head Corporate and Investment Banking as a SEVP. Nauman holds a Bachelor’s degree from Miami University USA.

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Tassadaq Ali Editor at Bankingpk
I am Tassadaq Ali: A Seasoned banking specialist skilled in all banking Blogging and information. Always elevating bankingpk.com with expertise in business and finance insights. Explore now for top-notch advice on rest days.