Bank Alfalah (BAF) is one of the leading bank's in Pakistan with a deposit base of above PkR 300 billion, and operates over 300 branches in 36 cities with the registered office at B.A.Building, I.I. Chundrigar, Karachi. BAF is a financial power house operating in every segment of the financial sector including Corporate Banking, Consumer Banking, Treasury and Investment. Bank Alfalah Limited has been able to carve out a niche for itself in the banking sector in a short period of time.
The sponsors of BAF are a group of investors from the UAE known as the Abu Dhabi Group (ADG). The Abu Dhabi Group is one of the largest groups in the Middle East and the single largest foreign investor group in Pakistan. It has a diversified business interest in the institutions that have enjoyed commercial success as a result of its strong financial resources and extensive management expertise. The ADG has taken a keen interest in Pakistan and has made investments in various sectors namely telecom, insurance, media. It has entered the banking industry in a big way, it established BAF in 1997 and recently it successfully bid in the privatization of United Bank Limited, one of Pakistan's largest banks. The ADG has also recently commenced operations of its cellular network in Pakistan, Warid Telecom. The huge investment it has made is a clear indicator that the ADG will further and promote the interests of its concerns in Pakistan.
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