Bank Alfala

8/7/2019 Bank Alfala

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VISION :

To be the premier organization operating locally & internationality that provides

the complete range of financial services to all segments under one roof.

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MISSION/OBJECTIVES:

To develop & deliver the most innovative products, manage customer experience, deliver

quality services that contributes to brand strength, establishes a competitive advantage

and enhances profitability, thus providing value to the stakeholders of the bank.

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HISTORY:

Bank Alfalah Limited was incorporated on June 21st, 1997 as a public limited company

under the Companies Ordinance 1984. Its banking operations commenced from

November 1st ,1997. The bank is engaged in commercial banking and related services as

defined in the Banking companies ordinance, 1962. The Bank is currently operating

through 195 branches in 74 cities, with the registered office at B.A.Building,

I.I.Chundrigar,Karachi.

Since its inception, as the new identity of H.C.E.B after the privatization in 1997, the

management of the bank has implemented strategies and policies to carve a distinctposition for the bank in the market place.

Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals

set out by its board of management, the Bank has invested in revolutionary technology to

have an extensive range of products and services.

This facilitates our commitment to a culture of innovation and seeks out synergies with

clients and service providers to ensure uninterrupted services to its customers. We

perceive the requirements of our customers and match them with quality products and

service solutions. During the past five years, we have emerged as one of the foremost

financial institution in the region endeavoring to meet the needs of tomorrow today.

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MANAGEMENT:

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Mr. Sirajuddin AzizChief Executive Officer

Mr. Parvez A. ShahidExecutive Incharge

Strategic Planning & Global Marketing

Mr. Shakeel SadiqExecutive Incharge

Corporate Banking & Home Finance

Mr. Bakhtiar KhawajaExecutive Incharge

Human Resources Division

Mr. Asad JamilExecutive Incharge

IT Division

Mr. Mohammad YousufExecutive Incharge

Credit Division

Mr. Tariq MirExecutive Incharge

International Operations

Mr. Ather ShehabExecutive Incharge

Establishment & Administratration


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FACILITIES PROVIDED BY BANK:

Bank provide us with two type of facilities:

Deposits

Advances

Deposit includes the money of the customers

and categorized into following accounts:

Basic Banking Account.

Profit And Loss Account.

Royal Profit.

ALFALHA Education.

Current Account.

BASIC BANKING ACCOUNT:

Initial deposit for account opening is Rs.

1,000 with no minimum balance

requirement.

Non interest bearing checking account.

Maximum 2 deposits & 2 withdrawals

through cheque are allowed.

Free debit card can be used to withdrawcash and make purchases at thousands

of outlets across Pakistan which

provides access to funds 24 hours a day.

No restriction on ATM withdrawal.

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Mr.Mahmood AshrafExecutive Incharge

Credit Monitoring Division

Mr. Shahid M. MurtazaExecutive Incharge

Business Development DivisionS.A.M/ Car Finance/ Leasing

Mr. Hamid AshrafExecutive Incharge

Legal Affairs Division.

Mr. Mohammad Iqbal SaifeeExecutive InchargeAudit & Inspection Division

Mr. Zahid Ali H. JamallExecutive Incharge

Finance Division

Mr. Adil Rashid

Executive InchargeCards Division

Mr. Ijaz FarooqExecutive InchargeIslamic Banking Division

Mr. Nadeemul HaqExecutive Incharge

Systems & Operations


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PLS SAVINGS ACCOUNT:

Profit & Loss Sharing Saving Bank Account.

Minimum account opening requirement of Rs. 5,000 only.

No restriction on number of withdrawals and number of deposits.

Profit on saving accounts is credited to the customer account on half-yearly basis.

Free debit card can be used to withdraw cash and make purchases at thousands of

outlets across Pakistan which provides access to funds 24 hours a day.

ROYAL PROFIT:

Minimum Deposit requirement of Rs. 50,000 only.

Higher returns on higher balances.

No restriction on number of withdrawals and on number of deposits.



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Profit is credited to the customer account on monthly basis.

CURRENT ACCOUNT:

Non interest bearing checking account.

Minimum account opening requirement of Rs. 10,000 only.



No restriction on number of withdrawals and on number of deposits

ALFALAH EDUCATION:

Alfalah Education offers a competitive return on term deposit and secondly, it creates a

contingency provision for our school going youths education in the hapless event of the

death of any major breadwinner. The product seems rewarding in the current scenario of

increasing number of children of school going age and the general public interest in qualityeducation of their off springs.

FEATURES:

Deposits can be placed in multiple of 100,000 units with maximum 3 units allowed

per depositor, i.e. a maximum deposit per customer of Rs. 300,000 across all BAL

branches.

All 3 units can be purchased for 1 child or each for up to 3 children.

No evidence of insurability (medical examination/health decoration) is required.

Maximum entry point age is 55 years (renewable up to 64th birthday)

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Benefit payment increases with age/class of the child.

The product will be offered as a 1 year term deposit at up to 7 % profit to be paid at

maturity

Premium cost for each deposit unit of Rs. 100,000 would be Rs. 85 per month and

borne by the bank.

Regular Zakat and WHT would apply on the deposit.

Monthly payments set forth will be paid directly to the mother/guardian, regardless of

the actual school fee.

In case of joint account holders, only main breadwinner account holder would be

covered under the policy.

Premium will be paid to ALICO by BAL on monthly basis.

Advances Funded: Non Funded:

Current Finance Letter of Credit

Term Finance Letter of Grantee

Lease finance

Alfalah Karobar Finance

ALFALAH CREDIT CARDS:

Is your partner everywhere and is globally accepted and welcomed at locations displaying the

VISA logo. It is accepted at nearly 30 million locations in more than 150 countries around

the globe and over 22,000 Bank Alfalahs establishments in Pakistan.

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Some credit cards which are for only for the compatibility of our customers are explained

below:

1. PLATINUM CARD:

It is accepted at nearly 30 million locations in more than 150 countries around the globe and

at over 22,000 establishments in Pakistan.

2. GOLD & SILVER:

A perfect card combination for all segments of salaried & professional individuals.

3. YOUNG PROFESSIONAL:

This Card is for you, if you are:

A Graduate...

Has just started your Career...

4. WOMEN EXCLUSIVE:

Now for the first time in Pakistan, Bank Alfalah has introduced a credit card exclusively for

women. This card has its unique features.

5. STUDENT CARD:

For the first time in Pakistan, Bank Alfalah introduces a credit card for Students.

6. SUPPLEMENTARY CARD:

Now you can give Free Supplementary Cards to anyone you care for.

7. VISA MINI:

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Visa Mini is a practical and convenient part of your everyday life - whether you go for

shopping, dine out, buy grocery, want to go for holidays.

8. AWAMI CARD:

Alfalah Awami Card is your partner everywhere and is globally accepted and welcomed at

locations displaying the VISA logo. It is accepted.

CAR LEASING:

Quickest processing.

No hidden charges

Minimum down payment.

Complete repayment at any point of time.

Balance transfer facility {BTF} for existing as well as new clients from other Banks.

Tenure period ranging from 1 to 5 years.

Financing of all brand new locally assembled vehicles and used cars.

Financing limit ranging between Rs. 200,000/- to Rs. 2000, 000/- for brand new cars.

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HOUSE FINNANCE:

1. RENOVATE YOUR HOME:

You already own a home, but need extra space for a growing family or want to see some

rooms get a new look. Simply apply for financing of up to Rs. 3.50 million or 40% of the

surveyed value of your home and get yourself the extra space!

You can stretch your payments for up to 10 years.

2. BUILD YOUR HOME:

You own a plot but need financing to construct a home that excites everyone in your family!

No problem. We will provide up-to 100% of the construction cost enabling you to say good-

bye to rent forever! Even if you don't have a plot, we will provide up to 60% of the value of

the plot that you have selected to purchase. Payment period ranges from 3 to 20 years.

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CONCLUSION:

Taking all factors in view we came to know that the bank is a customer oriented and give all

the possible facilities to the costumer. Know bank is going for decentralization.

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Bank Alfala

Documents

Transcript of Bank Alfala