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Meezan Bank achieves over 125 branches across Pakistan

October 30th, 2008

Meezan Bank Ltd, the first and largest Islamic Bank in Pakistan has achieved yet another milestone by successfully establishing over 125 branches spread over 35 major cities across Pakistan within a short span of 6 years.

This growth in branch network is the fastest in the Banking history of Pakistan. The investment in the branch network is driven by the Bank’s vision,  that is to “Establish Islamic Banking as the Banking of First Choice” so as to enable it to reach each and every citizen of Pakistan.

There are currently six dedicated Islamic Banks operating in Pakistan with a total of 250 branches.  Meezan Bank’s share of branch network is over 50% of the total, therefore making it the largest Islamic Banking network in Pakistan by a significant margin.  The Bank has a total deposit base of over Rs. 60 billion with more than 150,000 customers.

President & CEO Meezan Bank Ltd Mr. Irfan Siddiqui in his statement said that Meezan Bank stands 17th among a club of 40 banks in Pakistan and is the largest Islamic bank in the country with over 125 branches in 35 cities. He said that Meezan bank would continue to expand its branch network in 2008 with the addition of 40 more branches, thus establishing a network of over 160 branches across Pakistan by the end of 2008, Insha’Allah.

Meezan Bank has an extensive product menu offering a complete range of Islamic Banking products and services. All branches are ‘on-line’ and are supported by state of the art 24/7 Banking services to all its customers, which includes a nation wide network of 103 off-site and in-branch ATMs, user friendly Internet Banking facility, a 24 hour Call Center and a comprehensive ATM/Debit Card that is accepted at over 3,000 outlets across Pakistan. The bank also offers SMS Alert service through which Meezan Bank customers get instant financial and non-financial alerts of their multiple accounts.