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Meezan Banks establishes 100 on-line branch network across Pakistan

December 31st, 2007

Meezan Bank, the first and largest Islamic Bank in Pakistan has successfully established 100 branches spread over 31 major cities across Pakistan within a short span of 5 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 out to each and every citizen of Pakistan.

There are currently six dedicated Islamic Banks operating in Pakistan with a total of 170 branches.  Meezan Bank’s share of branch network is now therefore 59% of the total, making it therefore the largest Islamic Bank operating in Pakistan by a significant margin.  The Bank has a total deposit base of over Rs. 50 billion with more than 150,000 customers.

Meezan Bank has a large 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 66 ATM’s, Internet Banking and a Call Center that operates 24 hours a day seven days a week.  The Bank also offers a comprehensive Debit Card that is accepted at over 3,000 outlets across Pakistan.