Ali J Siddiqui, Chairman of JS Bank Celebrate 10th Anniversary Of The Bank
Islamabad, 14th January
2017: JS Bank, one of the fastest growing banks
of Pakistan, has successfully marked its 10thyear anniversary under
the leadership of its highly experienced management team.
Hosted by Sidra Iqbal a discussion was held with Ali J.Siddiqui,
Chairman of JS Bank at the Jahangir Siddiqui auditorium at the Institute of
Business Administration in Karachi and was attended by the management and the
employees. Ali spoke about the progress of the bank over the last 10 years and
JS Banks vision for the future.
He reflected on the challenges of the financial industry of
Pakistan and what he has envisioned for JS Bank in the future. Moreover he
conveyed his personal outlook and experiences as a young experienced corporate
leader in the financial sector.
Speaking on the
occasion, Ali said “I would like to congratulate all the stake holders of JS
Bank especially the leadership team and staff for achieving this milestone
through their consistent efforts to deliver value for our clients.
“We have an exceptional team and our success is a testament
to the high standard of services we provide to our clients”. He further added
that “JS Bank will continue to enhance its services to best serve its clients
along with building its international presence. Through
the years, we’ve grown steadily to help meet our customers’ changing financial
needs but we haven’t lost the personal touch that is at the heart of personalized banking.”
Being the CEO of
Mahvash & Jahangir Siddiqui Foundation (MJSF), a charitable foundation of the
JS Group he also spoke about the numerous philanthropic initiatives taken by JS
Bank in partnership with the Foundation. MJSF primarily focuses on healthcare,
education, social enterprise and humanitarian relief. Through these and other
initiatives, MJSF has provided opportunities to empower disadvantaged members
of society.
JS Bank currently
operates 307 branches in 152 cities with
one overseas branch in Bahrain and offers a diverse range of financial
services. Its long-term rating is 'AA- (Double A Minus) and short-term
entity rating is 'A1+' (A One Plus).
Based on the last three years the Compound Annualized Growth Rate (CAGR)
of JS Bank deposits is 41% whereas the banking industry CAGR is 14%. This shows
the trust of the depositors on the policies and future of the JS Bank as its
deposit base is over Rs 200 billion.
About
JS Bank
JS
Bank is part of the JS Group, one of Pakistan’s most diversified and
progressive financial services groups controlling and operating market-leading
financial services companies in Pakistan across various sectors including
commercial banking, asset management and securities brokerage. For additional
information: please visit www.jsbl.com
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