please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages the topic of this article may not meet wikipedia s notability guidelines for companies and organizations . please help to establish notability by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond its mere trivial mention . if notability can not be established the article is likely to be merged redirected or deleted . find sources bank alfalah news newspapers books scholar jstor free images september 2013 learn how and when to remove this template message this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . september 2013 learn how and when to remove this template message this article may rely excessively on sources too closely associated with the subject potentially preventing the article from being verifiable and neutral . please help improve it by replacing them with more appropriate citations to reliable independent third party sources . september 2013 learn how and when to remove this template message learn how and when to remove this template message bank alfalah limited type private industry banking capital markets founded june 21 1997 karachi headquarters principal office karachi pakistan key people h.h. sheikh hamdan bin mubarak al nahayan chairman products loans credit cards savings consumer banking etc. revenue pkr 55.378 billion 2014 1 net income pkr 8.513 billion 2014 1 number of employees 7 785 2014 1 website www.bankalfalah.com bank alfalah limited is a private bank in pakistan owned by the abu dhabi group . bank alfalah was incorporated on june 21 1997 as a public limited company under the companies ordinance 1984 . its banking operations commenced from november 1 1997 . the bank is engaged in commercial banking and related services as defined in the banking companies ordinance 1962 . contents 1 history 2 bangladesh 3 afghanistan 4 bahrain 5 etymology 6 re branding 7 ifc investment 8 functions 9 branches 10 references 11 external links history edit bank alfalah limited was launched on june 21 1997 as a public limited company under the companies ordinance 1984 . the bank commenced its operations on november 1 1997 . the bank introduced commercial banking and related services as defined in the banking companies ordinance 1962 . bank alfalah is the 6th largest bank of pakistan with 648 branches in pakistan and abroad . the roots of the bank go back to the bank of credit and commerce international bcci which was closed down due to various allegations . the pakistan operations of bcci were taken over by state bank of pakistan and nationalized to safeguard the consumer interests under a new identity of hceb or habib credit and exchange bank . in 1997 the bank was privatized and taken over by abu dhabi group of uae with a new identity of bank alfalah limited . the management of the bank had implemented strategies and policies so the bank would become a major player in the market . with a partnership with the abu dhabi group the position of the bank became stronger which allowed the bank to invest more in technology to increase its range of products and services . citation needed bangladesh edit on the 16th of may 2005 bank alfalah formally took over the bangladesh operations of shamil bank of bahrain for us 17.88 million and renamed it to bank alfalah bangladesh . 2 3 this was the first branch of the bank outside pakistan . afghanistan edit bank alfalah limited started its operation at afghanistan in 2005 and is providing conventional banking services in kabul and herat . islamic banking services are also provided in kabul . bank alfalah limited is the largest foreign bank in afghanistan with a balance sheet size of over usd 300 million as of december 31 2013 . bahrain edit bank alfalah limited commenced its bahrain operations in 2007 with the establishment of a wholesale banking unit wbu bahrain operating in a major financial hub of the middle east gcc region . the wbu is housed in one of the country s known structures bahrain financial harbor in order to meet its customers needs . etymology edit it is said that the bank was named after the sister falah of the chairman of abu dhabi group ... re branding edit the bank has entered re branding as of february 2015 after 17 years of its birth . the official color has been changed from deep blue to crimson red and the logo has also been changed . the new logo has been named as well chevron . meanwhile the vision & mission statements have also been revised . bank alfalah has gone for shift in brand appearance in pakistan . new logo of bank alfalah was revealed on 28th of february 2015 in karachi pakistan . ifc investment edit the bank alfalah limited bafl has received an equity investment of rs 6.66 billion from the international finance corporation ifc . the ifc earlier in 2014 had showed keenness to invest in the bank and in may the corporation successfully got a non objection certificate from the state bank to carry out the evaluation of bafl before its plan of equity injection . finally in september the two sides signed an agreement on ifc s proposed 67 million investment in bank alfalah by subscribing 15 percent equity investment in the bank to help it to increase access to finance in pakistan . ifc has already a working relationship with bafl and it helped the bank in development of alfalah sme toolkit a free of charge online portal aimed to help smes through implementation of business practices based on information communication and technology . 4 functions edit branch banking deposits remittances foreign trade lockers . consumer banking credit cards 5 auto loans home loans consumer durables rtcs . electronic banking telephone banking atms online banking corporate banking short long term finance trade finance structured finance . treasury & investment money market forex market investments government securities correspondent banking . branches edit the bank is currently operating through 648 branches as on december 30 2014 including 480 conventional 157 islamic banking and 11 overseas international branches in afghanistan bangladesh and bahrain with the registered office at b.a.building i.i.chundrigar karachi . some of the main branches are located in all of the major cities including chakwal hyderabad lahore kasur islamabad gawadar peshawar faisalabad quetta d.i.khan rawalpindi sargodha sheikhupura sukkur sialkot multan murree jhelum attock district gujranwala mirpur khas lodhran d.g.khan mian channu bahawalnagar bahawalpur sahiwal khanewal and many other cities all over pakistan ... references edit a b c 1 the financial express financial online news portal . the financial express online version . retrieved 2016 05 10 . islami banking banglapedia . en.banglapedia.org . retrieved 2016 05 10 . ifc equity investment in bank alfalah credit card issuers in pakistan external links edit bank alfalah pakistan official website of bank alfalah ifc investment in bank alfalah v t e banking in pakistan central bank state bank of pakistan big four hbl pakistan mcb bank limited national bank of pakistan united bank limited pakistan commercial banking allied bank limited askari bank atlas bank bank al habib bank alfalah bank of khyber bank of punjab faysal bank first women bank habib metropolitan bank industrial development bank js bank nib bank sindh bank soneri bank summit bank zarai taraqiati bank limited microfinance banking finca microfinance bank limited first microfinance bank pakistan khushhali bank nrsp microfinance bank tameer microfinance bank limited islamic banking bankislami pakistan burj bank dubai islamic bank pakistan limited meezan bank foreign banks barclays hsbc bank middle east royal bank of scotland standard chartered pakistan defunct banks bank of credit and commerce international kasb bank mybank picic commercial bank union bank see also list of banks in pakistan pakistan remittance initiative pakistani bankers institute of bankers pakistan national institute of banking and finance category v t e kse 30 companies of pakistan adamjee insurance arif habib corporation limited askari bank attock petroleum attock refinery bank al falah bank al habib d.g. khan cement engro corporation engro foods fatima fertilizer fauji fertilizer bin qasim fauji fertilizer company limited hbl pakistan hub power company ici pakistan js group kot addu power company lucky cement mcb bank limited millat tractors national bank of pakistan national refinery nishat mills oil and gas development company pakistan oilfields pakistan petroleum pakistan state oil pakistan telecommunication company ltd trg pakistan united bank limited pakistan as of july 2013 retrieved from https en.wikipedia.org w index.php title bank alfalah & oldid 719513785 categories banks of 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