Meezan Bank has been awarded 'Islamic Bank of the Year' for 2010 by CFA Association of Pakistan (CFAAP) at its 8th annual Excellence Awards. CFA has recently introduced this award to recognise excellence in the commercial banking industry.
The CFA Association of Pakistan (CFAAP) is a non-profit professional organisation of local investment professionals, and a member society of CFA Institute, USA. CFA Institute is a global organisation of analysts, portfolio managers, and financial professionals and administers the prestigious Chartered Financial Analyst (CFA) programme world-wide. Meezan Bank has won this award for the second consecutive year.
Meezan Bank operates with the largest Islamic Banking branch network in Pakistan with 226 branches in 63 cities across the country. The year 2010 was a highly successful and record-breaking year for Meezan Bank. The Bank recorded 61 percent growth in its post-tax profit and its deposits grew by 31 percent to Rs 131 billion.
Meezan Bank offers a complete range of Islamic banking products and services including free online banking for all Pak Rupee accounts at all its branches. The Bank's retail banking network is supported by 24/7 banking services that include over 180 ATMs, Internet Banking, VISA Debit card and a 24-hour Call Center. The Bank's VISA Debit card allows its customers to shop at more than 30 million merchants world-wide and withdraw funds from their accounts from more than 1.4 million ATM's world-wide-PR