Since it was founded on 30th December 2006, JS bank has become one of the fastest-growing financial institutions in the country and has established itself as an industry leader within Pakistan’s financial sector thanks to its innovative approach. The banks has a presence in 172 cities with 345 branches including one international branch.
In the past twelve years, the bank has persevered through multiple challenges and seized its chances to build upon its success and is now the 13th largest bank in Pakistan’s economy. This path to success has helped JS bank in establishing itself as a leader in the digital banking space and distribution of insurance solutions.
The bank has gone from strength to strength in recent times as it was awarded the esteemed Asiamoney Award for ‘Best Bank for SMEs’ alongside the award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards.
In the past year alone, the rate of success has been astronomical with the institution becoming one of the largest mutual fund distributors in the banking industry, the 2nd biggest bank for Prime Minister Youth Business Loans, and the 3rd largest bank in SME lending. JS Bank also ranks in the top three mortgage providers in Pakistan and is a leading provider of instant loans under the JS Gold Finance product.
Another feather in this already impressive cap for JS Bank was the fact that it was issued its first Perpetual Term Finance Certificate (TFC), which was fully subscribed in less than 4 weeks with a volume of Rs. 2.5 Billion. This TFC is rated “A” and has successfully been listed on the Pakistan Stock Exchange (PSX).
Basir Shamsie, President and CEO, JS Bank said,
The successful listing of our first TFC in a very short period of time is indicative of the industry’s confidence in JS Bank’s potential and future outlook. By issuing this instrument, we will be able to continue our successful journey as one of the fastest-growing banks in Pakistan.
Since its inception, JS Bank has been aware of its crucial role as the driver for Pakistan’s economy and the prosperity of its citizens. This huge responsibility drives JS Bank in moving forward on this impactful journey as it aims to provide multiple conventional and digital financial solutions in the decades to come.