The Faysal Bank has achieved a remarkable growth rate during the last five years. The bank has expanded branches' network, which marked commendable increase in its business profitability, the Bank sources said.
The bank has taken various initiatives that have resulted in its carving a respectable niche in the banking club for itself. The bank has realised the mercurial qualities of its President and CEO Farook Bengali and extended his services up to December 2008.
The bank has also made some organisational arrangements to continue its progressive march. Khalid Tirmizey, Country General Manager, Commercial Banking, has been appointed as a Deputy Chief Executive Officer, Ajaz Rahim is promoted as General Manager Investment Banking from October 1, 2005, Mohammad Khan Hoti would continue as Country Head, Investment Banking up to December 31, 2005. He would assume the position of Special Advisor to the President and CEO of the bank.