Bank Alfalah Posts Market-Leading Growth in Deposits and Consumer Lending, Profits Up by 24%

Karachi, August 25, 2021 (PPI-OT):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 on 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 Rs. 6.934 billion while Earning Per Share (EPS) was Rs.Read More…

Bank Alfalah Launches Alfa Payment Gateway to Facilitate E-commerce Payments

Karachi, August 05, 2021 (PPI-OT): Pakistan’s premier financial institution, Bank Alfalah, has introduced a simple, secure, and innovative online payment gateway to facilitate the acceptance of online payment transactions for a variety of e-commerce needs.
APG is a comprehensive solution for all digital payments needs that an online business might have. Alfa Payment Gateway’s (APG) key offerings include:
1. InstaRead More…

Strong Business Performance Improved Bank Alfalah’s Mar ’21 Profitability By 23%

Karachi, April 22, 2021 (PPI-OT): The Board of Directors of Bank Alfalah Limited in its meeting held on April 22, 2021, approved the Bank’s unaudited condensed interim financial statements for the quarter ended Mar 31, 2021. The Bank posted a profit after taxation of Rs. 3.471 billion which is 23% higher against Rs. 2.281 billion for the corresponding quarter last year. The results reflect strong underlying performRead More…

Bank Alfalah and Telemart Sign Agreement to Drive Business Expansion

Karachi, April 12, 2021 (PPI-OT):AlfaMall, Bank Alfalah’s digital e-commerce marketplace for online shopping, has announced the strategic partnership of its business with Telemart with the aim of digitizing cash transactions, enabling instant delivery of products to Bank Alfalah customers on easy monthly installments, facilitating customers with easy returns and integrating venues of merchant business.
Telemart is Read More…

Bank Alfalah Enters Malaysian Market through Agreement with NS Cashpoint

Karachi, March 17, 2021 (PPI-OT): NS Cashpoint recently entered into a partnership with Bank Alfalah, one of the largest private banks in Pakistan, to better serve the Pakistan remittance corridor. The association with Bank Alfalah will allow both the entities to mutually benefit from each other’s brand value and service offerings in the APAC region while harnessing the larger technological advancements of LuLu FinRead More…

Bank Alfalah maintained operating profit at Rs. 25.5 billion

Karachi, February 03, 2021 (PPI-OT): 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 rate during the year. Subjective provisioning anRead More…

Bank Alfalah and The Beaconhouse Group sign MoU for Personal Loan Financing Solutions

Lahore, February 01, 2021 (PPI-OT): Bank Alfalah and The Beaconhouse Group – one of Pakistan’s largest private school networks – have signed a memorandum of understanding (MoU) to facilitate personal loan financing solutions for the employees of the Beaconhouse School System.
The agreement was developed to make Bank Alfalah’s diverse range of quick and affordable financing solutions available to the BRead More…

Bank Alfalah Welcomes the Return of International Cricket to Pakistan

Karachi, January 29, 2021 (PPI-OT): Bank Alfalah, the sponsor of the Pakistan vs South Africa cricket league, welcomed the return of international teams to Pakistan ahead of the first test match between the two sides. Team South Africa last toured Pakistan 14 years earlier, and the current series of 2 test matches and 3 T-20s marks a historic moment for the return of the sport in the country. Bank Alfalah played its Read More…

Bank Alfalah and Zameen.com sign MOU to promote home financing solutions

Karachi, January 26, 2021 (PPI-OT): Furthering the vision of the Government of Pakistan and the State Bank of Pakistan to facilitate the construction and housing sector, Bank Alfalah and Zameen.com signed a Memorandum of Understanding (MoU) to bring greater convenience and easier access to customers across the country.
The agreement enables Bank Alfalah and Zameen.com to extend their reach to a larger digital audiencRead More…

Bank Alfalah introduces PM’s Roshan Digital Account to Dubai Expats

Karachi, November 25, 2020 (PPI-OT): At an exclusive event hosted for Non-Resident Pakistanis in Dubai, His Highness Sheikh Nahayan Mabarak Al Nahayan, Chairman of Bank Alfalah, introduced the Roshan Digital Account, an initiative of the Government of Pakistan and State Bank of Pakistan (SBP).
At the occasion, His Highness, Sheikh Al Nahayan said, “Pakistan, by several important measures, is recognized as an emergiRead More…