Bahria Orchard: Bahria Town launches Escorts Investment Bank branch in Lahore

Bahria Town (Private) Limited has started the first branch of its latest venture 'Escorts Investment Bank Ltd' at Bahria Town Head Office in Bahria Orchard Lahore. In the presence of a highly esteemed gathering, the new branch commenced its operation, yesterday.
CEO Bahria Town, Ahmed Ali Riaz Malik; Chairman Escorts Investment Bank Limited Zain Malik and CEO Escorts Investment Bank Limited Naveed Amin Khawaja were present at the ceremony which was attended by the top management of both sides.
In his media interaction, CEO Bahria Town Ahmed Ali Riaz Malik said that 'This initiative is for the people who want to apply for housing finance in Bahria Town by building homes here. This bank will only grant loans to members of Bahria Town. Bahria Town aims to promote low-cost housing. However, anyone can take advantage of our other services particularly deposit schemes. We are inaugurating new branch in Karachi on 19th February and one branch in Rawalpindi.'
Escorts Investment Bank is now equity compliant and licenses have been renewed after injection of Rupees 1,200,000,000 (1.2 Billion) funds into the Bank. Escorts Investment Bank has paid to all active over-due depositors along with accrued mark-up under the new management.-PR