Pledging full payment to the depositors of (former) KASB Bank, BankIslami Pakistan has announced to open all branches for 10 hour to facilitate customers. According to BankIslami, special measures have been taken to facilitate the customers of formerly KASB Bank and all 317 branches of the BankIslami (including 104 branches of KASB Bank) will be open on Friday mooring at 9 am.
In addition, the management of BankIslami has also decided to extend banking hours for two hours and all branches will remain open till 7.00 pm on Friday May 8, 2015 for regular business operation. In addition, BankIslami has also assured all depositors that they can withdraw their money without any hassle and restriction whatsoever and look forward to their continued patronage.
Sources said that BankIslami has made arrangements to pay KASB Bank depositors, which will be free to operate their accounts without any restriction whatsoever. As per amalgamation terms and conditions, former President Bilal Mustafa KASB Bank has been appointed advisor to chairman of BankIslami and he will also monitor the entire operation of payments. In the first phase, BankIslami has decided to pay the depositors of KASB Bank and conversion of its operation from conventional to Islamic.
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