Bank Alfalah has been awarded “The Best Bank of the year 2017 Award” at an award ceremony organized by the Institute of Bankers Pakistan IBP, who are also the knowledge partners of AF Ferguson.
The award ceremony was held at Pearl Continental Hotel, Karachi on 19th Sept 2017. It was attended by representatives of the Banking sector, regulators, financial institutions, stakeholders and media personnel.
Bank Alfalah was declared The Best Bank of Pakistan for demonstrating the most significant contribution to national development and for the most effective management of its resources including its employees, clients, franchise, community and financials.
Telenor Bank won ‘Best Microfinance Bank’ and “Bank the Unbanked” awards for the 2nd consecutive year.
Telenor Bank was awarded for its outstanding initiatives for promotion of financial inclusion across the country.
Telenor Bank Officials After Winning Two Awards
Here is the list of other winners from the banking awards:
Bank the Unbanked: Telenor Bank
The bank that has paid the most attention to financial inclusion by expanding its outreach through rural and low-income urban penetration and diversification among all segments of account holders, including female account holders.
Best Micro Finance Bank: Telenor Bank
The best all-around Micro Finance Bank in terms of penetration, outreach, efficiency and access to low-income communities across Pakistan.
Best Bank for Small Businesses and Agriculture: Habib Bank limited (HBL)
The bank with the strongest performance, diversification and quality of SME and agricultural lending nationwide.
Best Bank for Corporate Finance & Capital Market Development: United Bank Limited
The bank that has excelled in promoting capital market development, deepening secondary markets, and providing advisory services to optimise the efficient use of industrial and commercial assets.
Best Customer Franchise: Bank Alfalah
The bank with the most efficient service delivery and attention to customer requirements.
Best Islamic Bank: Meezan Bank
The bank that has made the most progress in extending and expanding its Islamic Banking franchise and in raising public awareness.
Best Environmental, Social and Governance (ESG) Bank: JS Bank
The bank with a main focus towards ESG attributes for conduct of responsible business. ESG attributes include respect for the environment, for society and for governance. In short, the bank that has demonstrated the most significant contribution in long term thinking on sustainability, environment, employees, customers and communities as Responsible Corporates.
Total 18 banks submitted their nominations in 8 award categories. These awards were given to banks for their performance during CY 2016.