State Bank of Pakistan (SBP) has further relaxed the condition of housing finance for customers, facilitating them to avail bank… Read More
NBP Responds After $55 Million Penalty by US Regulator
The $55 million fines imposed by US regulators on the National Bank of Pakistan were for “historical compliance program weaknesses… Read More
US Imposes $55 Million Fine on National Bank of Pakistan for Money Laundering
National Bank of Pakistan (NBP) has been fined $55 million by the US Authorities on the charges of violations of… Read More
HBL Announces Highest Ever Profits of Rs. 35.5 Billion in 2021
Habib Bank Limited (HBL) today declared a record consolidated Profit after tax of Rs. 35.5 billion in 2021, which is… Read More
Faysal Bank Posts Highest Ever Profit of Rs. 8 Billion in CY2021
Faysal Bank Limited has made its highest annual profit of over Rs. 8 billion in 2021. According to the financial… Read More
HBL & BoP Sign Agreements With Naymat Collateral Company Ltd to Promote Farm Credit
Habib Bank Limited and Bank of Punjab have signed agreements with Naymat Collateral Company Limited to promote farm credit under… Read More
Meezan Bank Posts Record-Breaking Profits in CY2021
Meezan Bank maintained a remarkable profitability journey in 2021 by posting its highest ever profit of Rs. 28.2 billion for… Read More
MCB Bank Granted Approval to Conduct Due Diligence of Telenor Microfinance Bank
Muslim Commercial Bank (MCB) has been granted an in-principle conditional approval from the State Bank of Pakistan (SBP) for conducting… Read More
Bank Officers Could Face Jail Over Refusal to Offer Services
The bank officers refusing to open bank accounts, issue credit cards or other services to politicians will be penalized under… Read More
Standard Chartered Posts Modest 4% Profit Growth in CY2021
Maintaining a modest annual profit growth of 4.4 percent, Standard Chartered Bank achieved a profit of Rs. 13.7 billion in 2021… Read More
Assets Held by Mutual Funds Dip Below Rs. 1 Trillion
The values of assets under mutual funds being managed by asset management companies have decreased to below Rs. 1 trillion… Read More
Askari Bank’s Profits Decline by 10% in CY2021
Askari Bank has reported a 10 percent drop in profits to Rs. 9.71 billion for the year ended December 31,… Read More
