BIPL raised focus towards raising its consumer financing commerce and also the share of consumer financing as a percentage of total financing increased from 10.
No doubt, BIPL is taking deep pride in offering consumer financing to its valued customers in Pakistan whereas more Islamic mode of financing and banking will truly strengthen the public reach and investment.
Now all 104 branches of KASB Bank will be considered as BankIslami's and the customers are free to operate their accounts and transaction all sorts of normal business with BIPL.
BIPL further said that it has organized a dedicated call centers to help clients who may face any challenges in operating their accounts; though not a single grievance was received.
is engaged in the development of a residential township, named Ruchi Lifescapes, in Bhopal.
While, for banks such as such as BURJ, SMBL, BIPL
, and KASB, the course of action still remains unclear.
30 June 2010 - The Pakistan Credit Rating Agency (PACRA) said it maintained the A long-term and A1 short-term entity ratings on BankIslami Pakistan Ltd (KAR:BIPL
), or BIPL
Clear beneficiaries of this move include MEBL, BIPL
and BAFL which has a sizeable Islamic banking balance sheet.
With political noise dissipating, the market's focus will now likely shift towards the upcoming result season with MCB, MEBL, BIPL
amongst Banks, Cements (ACPL, MLCF, KOHC), Fertilizers (FFBL) and Telecoms (PTC) announcing their results in the coming week.
has also attracted strong volumes of late which could be attributable to the emergence of a stronger sponsor profile (main sponsor Dubai Bank to merge with Emirates Islamic Bank) and subsequent positives for future capital requirements.