Bank Alfalah received Best Bank of the year Award

F.P. Report

KARACHI: Bank Alfalah was awarded with the Best Bank of 2017 for providing better contribution to national development and the most effective management.

Bank Alfalah received the honor at the second Pakistan Banking Awards which were jointly organized by Institute of Bankers, A.F Ferguson and Company and Dawn Media group.

The same award was received by United Bank last year, however Bank Alfalah was declared the best bank for customer franchise and was also awarded for expanding its Islamic franchises and raising public awareness.

Telenor Microfinance Bank was declared the Best Bank for the Unbanked for paying attention to financial inclusion by expanding its outreach through rural and low-income urban areas.

The Best Bank for Small Business and Agriculture for its performance was given to Habib Bank and United Bank was declared as the Best Bank for Corporate Finance and Capital Market Development.

Similarly, Meezan Bank was declared the Best Islamic Bank for expanding its Islamic banking franchise.

JS Bank received the Best Environmental, Social and Governance (ESG) Bank Award for its conduct of responsible business.

A number of bankers, including State Bank of Pakistan Governor Tariq Bajwa, participated in the ceremony.