Bank Alfalah Withdraws 5% Monthly Fee on High-Value Accounts

Bank Alfalah Withdraws 5% Monthly Fee on High-Value Accounts

In a significant development, Bank Alfalah Limited (BAFL) has decided to unilaterally withdraw its 5 percent monthly fee on month-end balances exceeding Rs. 5 billion, effective immediately. The decision comes following customer feedback and recent reviews of its fee structure. Previously, BAFL had amended its Schedule of Charges on November 12, 2024, to introduce this…

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Bank Alfalah Withdraws 5% Monthly Fee on High-Value Accounts

Bank Alfalah Secures Central Bank Approval for Potential Sale of Bangladesh Operations to Hatton National Bank

Islamabad: November 15, 2024 Bank Alfalah Limited (BAFL) has received in-principle approval from the State Bank of Pakistan (SBP) and the Bangladesh Bank to allow Hatton National Bank PLC (HNB) of Sri Lanka to conduct due diligence on its operations in Bangladesh. This update was announced by BAFL in a notice to the Pakistan Stock…

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Bank Alfalah Withdraws Offer to Buy Majority Stake in Samba Bank

Bank Alfalah Withdraws Offer to Buy Majority Stake in Samba Bank

In a recent development, Bank Alfalah Limited (BAFL), one of Pakistan’s leading commercial banks, has officially withdrawn its public announcement of intention (PAI) to acquire a majority stake in Samba Bank Limited. The decision follows the Saudi National Bank’s (SNB) termination of its plans to divest its approximately 84.51% stake in Samba Pakistan. BAFL had…

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Bank Alfalah Launches Its Flagship New Alfa App and Pakistan First Instant Credit Digital Cheque Deposit Kiosk

Bank Alfalah Launches Its Flagship New Alfa App and Pakistan First Instant Credit Digital Cheque Deposit Kiosk

Karachi, Pakistan – Bank Alfalah, a leading commercial bank in Pakistan and the reigning “Best Bank for Digital Banking,” has announced the launch of its upgraded mobile banking application, Alfa, alongside Pakistan’s first fully digital Cheque Deposit Kiosk (CDK). The Alfa app marks a leap from traditional banking to a comprehensive digital lifestyle platform, aimed…

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Bank Alfalah Reports Rs 33.64 Billion Profit

Bank Alfalah Reports Rs 33.64 Billion Profit After Tax for First 9 Months-2024

KARACHI, October 17, 2024 – Bank Alfalah Limited’s Board of Directors, in a meeting held today, approved the financial results for the nine-month period ending September 30, 2024, reflecting a strong performance across key metrics. The bank posted a profit after tax (PAT) of PKR 33.643 billion, marking a significant improvement of 23.5% compared to…

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Bank Alfalah Partners with UnionPay International

Bank Alfalah Partners with UnionPay International to Launch Pakistan’s First Co-Badge Platinum Debit Card

September 2024 — Bank Alfalah, one of Pakistan’s largest commercial banks, has announced a groundbreaking partnership with UnionPay International (UPI) to launch the country’s first PayPak co-badge platinum debit card. The collaboration marks a significant milestone in the banking industry, offering customers access to exclusive global privileges and seamless international transactions across 183 countries and…

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1LINK and Bank Alfalah Partner

1LINK and Bank Alfalah Partner to Enhance 1BILL Services with Reverse Bill Aggregation

In a significant move to enhance digital payment solutions, 1LINK has onboarded Bank Alfalah as a Reverse Bill Aggregator for its 1BILL services. The agreement was officially signed by Mr. Adnan Nasir, Head of Digital Payments at Bank Alfalah, and Mr. Najeeb Agrawalla, CEO of 1LINK, in the presence of key team members from both…

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Bank Alfalah and BISP Partners

Bank Alfalah and BISP Partners to Empower Women Through Entrepreneurship and Financial Inclusion

Karachi, [Date] — Bank Alfalah, a leading commercial bank in Pakistan, has reinforced its long-standing partnership with the Benazir Income Support Programme (BISP), having been a dedicated collaborator in the digital social cash transfer initiative since 2011. This year, Bank Alfalah, in collaboration with other partner banks, has been awarded the contract to serve 7…

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Premier Code (Pvt.) Ltd. Partners with Bank Alfalah

Premier Code (Pvt.) Ltd. Partners with Bank Alfalah to Pioneer Local Manufacturing of POS Machines in Pakistan

Karachi, Pakistan – Premier Code (Pvt.) Limited, a trailblazer in technology solutions under the brand DCODE, proudly announces its strategic partnership with Bank Alfalah Limited, a leading banking institution in Pakistan. This collaboration signifies a major advancement in fostering local manufacturing and enhancing banking services across the nation. DCODE is set to become one of…

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Farmdar and Bank Alfalah Limited Forge Historic Partnership

Farmdar and Bank Alfalah Limited Forge Historic Partnership to Reshape Agricultural Lending in Pakistan

Farmdar and Bank Alfalah Limited Forge Historic Partnership to Reshape Agricultural Lending in Pakistan Lahore, April 29th, 2024 – Farmdar, a Pakistani leader in agri-data analytics, and Bank Alfalah Limited, one of Pakistan’s premier banking institutions, have officially entered into a groundbreaking partnership. At the core of this landmark collaboration lies Farmdar’s extensive repository of…

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