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Bank Alfalah Limited (Urdu: بینک الفلاح لمیٹڈ), formerly known as Habib Credit and Exchange Bank, is a Pakistani commercial bank headquartered in Karachi. It is a subsidiary of an Emirati conglomerate, Abu Dhabi United Group .
Starting in the tax year 2023, the additional tax rates were adjusted to 16%, 10%, and 0%, with the corporate tax rate increasing to 39%. [3] In 2024, some banks in Pakistan, including Bank Alfalah, Bank of Punjab, and Habib Bank Limited, introduced a monthly fee on high desposits to reduce overall deposits and avoid ADR tax. [4]
The Karachi Interbank Offered Rate (KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1] The banks used it as a benchmark in their lending to corporate sector. [2]
Askari Bank: Islamabad: Bank Alfalah Limited (BAFL) Karachi: Bank Al-Habib Limited (BAHL) Karachi: Habib Bank Limited (HBL) Karachi: Habib Metropolitan Bank Limited: Karachi: JS Bank Limited (JSBL) Karachi: MCB Bank Limited: Lahore: Soneri Bank: Karachi: Standard Chartered Pakistan (SC Pakistan) Karachi: Sindh Bank: Karachi: United Bank Limited ...
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Bank of Bahrain and Kuwait B.S.C. BBK: 16 March 1971 Ithmaar Bank: bbkonline.com: Bahrain Middle East Bank B.S.C. BMB 3 December 1980 AN Investment [5] bmb.com.bh: Bank Al Habib Wholesale Branch, Manama Bank Al Habib: 17 September 2005 Dawood Habib: bankalhabib.com: Bank Alfalah Bahrain Bank Alfalah: 8 April 2006 Bank Alfalah Limited ...
Bank Name [4] [5] Bank name (in Arabic) Head Office (in UAE) Headquarters Stock code (if applicable) [2] [3] National Bank of Bahrain: بنك البحرين الوطني Abu Dhabi Manama, Bahrain: BSB: NBB: Rafidain Bank: مصرف الرافدين Abu Dhabi Baghdad, Iraq: Arab Bank: البنك العربي Abu Dhabi Amman, Jordan: ASE: ARBK ...
In the same year, Naeemuddin Khan made the decision to fully absorb the remaining amount within the year, aiming to clean the bank's balance sheet and eliminate doubts about its financial health. [2] As a result of this decision, the bank's financials went from a net profit of Rs4.9 billion in 2016 to a net loss of Rs3.3 billion in 2017. [ 2 ]