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Al Baraka Bank holds 20th board meeting

The 20th Board Meeting of Al Baraka Bank Pakistan Limited was recently held in Lahore under the Chairmanship of Adnan Ahmed Yousif. Besides consideration of half yearly accounts for period ended June, 2014, the other avenues deliberated were the future plans of the bank including enhancement of geographical presence including branch network and business diversification, accelerate execution of strategies devised simultaneously contain costs.

Al Baraka Pakistan, at present, has a branch network of 110 branches spread across 58 cities. With the expansion plans underway, its geographical footprint will be enhanced to over 83 cities and towns. Al Baraka Bank Pakistan, the Global Islamic Bank is a part of the leading Islamic Banking Group in the Gulf Region, Al Baraka Banking Group Bahrain, devoted in providing customers with a range of Shariah compliant products to suit their banking needs. It has presence through 485 branches in 15 countries over 3 continents. Asset Base of Al Baraka Banking Group exceeds US $ 22 billion and has recently posted profits of over US$ 143 million during the first half of 2014.

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