is the only full-fledged Islamic bank to offer such account services for the target market mentioned herein.
The shareholders of BBL and ABPL
, unanimously approved the Scheme of Amalgamation during their EOGMs on August 18th and August 22nd respectively.
Recoveries against non-performing financing (NPF) resulted in improvement in portfolio quality indicators Given the reduction in growth in commercial and SME segments, Liquidity profile of ABPL
remains adequate in view of the quantum of liquid assets arrived on balance sheet in relation to deposits and borrowings.
Karachi -- Al Baraka Bank (Pakistan) Limited (ABPL
) has selected BenchMatrix to implement an automated regulatory compliance risk management system that would further strengthen compliance management controls.
The Birth of ABPL
- 1991 - Al Baraka Bank (Pakistan) Limited (ABPL
) is a solely owned subsidiary of Al Baraka Islamic Bank (AIB), Bahrain.
Al Baraka Bank Pakistan Limited (ABPL
), a part of Al Baraka Banking Group (ABG) (BSC: BARKA), has issued PKR1.5bn unsecured, subordinated and privately placed tier-II Modaraba sukuk, according to an online report by The Nation.
KARACHI -- Al Baraka Bank (Pakistan) Limited (ABPL
), and Burj Bank Limited (BBL) have successfully merged operations under the name of Al Baraka Bank (Pakistan) Limited.
KARACHI -- JCR-VIS Credit Rating Company Limited has maintained the entity ratings of Al Baraka Bank (Pakistan) Limited (ABPL
) at A/ A-1 (Single A/A-One).
) have appointed Ahmed Shuja Kidwai as 'chief executive officer' of the Bank, with effect from March 01, 2018.
On the occasion, Sheikh Saleh Abdullah Kamel, Chairman of Al Baraka Banking Group (ABG) said that "The merger between ABPL
and BBL is part of the group's strategy to expand its reach in Pakistan and strengthen the global footprint of Islamic Finance.