Meezan Bank Limited has successfully established over 125 branches spread over 35 major cities across Pakistan within a short span of six years. This growth in branch network is the fastest in the Banking history of Pakistan. The investment in the branch network is driven by the Bank's vision to establish Islamic Banking as the Banking of First Choice so as to enable it to reach each and every citizen of Pakistan.
There are currently six dedicated Islamic Banks operating in Pakistan with a total of 250 branches and that the Meezan Bank's share of branch network is over 50 per cent of the total, therefore making it the largest Islamic Banking network in Pakistan by a significant margin. The Bank has a total deposit base of over Rs 60 billion with more than 150,000 customers.
The President and CEO Meezan Bank, Irfan Siddiqui, has said that Meezan Bank stands 17th among a club of 40 banks in Pakistan and is the largest Islamic bank in the country with over 125 branches in 35 cities. He said that Meezan bank would continue to expand its branch network in 2008 with the addition of 35 more branches, thus establishing a network of over 160 branches across Pakistan by the end of 2008.
Comments
Comments are closed.