Samba Bank Limited (SBL) opened a new branch in DHA Karachi on Khayaban-e-Ittehad. The branch was inaugurated by Javed Iqbal, independent Director of SBL in the presence of Tawfiq A. Husain, President and CEO, and senior management of the Bank. Commenting on the occasion, Tawfiq A. Husain, President and CEO, Samba Bank Limited said: "SBL is constantly improving its footprint in Pakistan, while developing and promoting its alternate distribution channels.
In May this year, we opened a new branch in Hyderi, Karachi, and today we are opening another new branch in DHA. This, along with the planned regular launch of new products, will enhance SBL's value proposition to its customers and facilitate in expanding our customer base, which is important for the development of our franchise." Samba Bank Limited is 80.68 percent owned by Samba Financial Group, Kingdom of Saudi Arabia, which itself is rated Aa3 by Moody's Investors Service.-PR
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