Bank Alfalah

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Bank Alfalah Limited
FormerlyHabib Credit & Exchange Bank Limited
TypePublic company
Founded21 June 1997; 26 years ago (1997-06-21)
HeadquartersKarachi, Pakistan
Key people
  • H.H. Sheikh Nahayan Mabarak Al Nahayan (chairman)
  • Atif Aslam Bajwa (CEO)
RevenueIncrease Rs. 99.126 billion (US$340 million)[1] (2022)
Increase Rs. 36.160 billion (US$130 million)[1] (2022)
Increase Rs. 18.206 billion (US$63 million)[1] (2022)
Total assetsIncrease Rs. 2.2 trillion (US$7.6 billion)[1] (2022)
Total equityIncrease Rs. 100 billion (US$350 million)[1] (2022)
OwnerAbu Dhabi United Group
Number of employees
13,862[1] (2022)

Bank Alfalah Limited, formerly Habib Credit and Exchange Bank, (بینک الفلاح لمیٹڈ) is a Pakistani retail bank that is a subsidiary of the Emirati company Abu Dhabi United Group.[2]

It is one of the largest private Banks in Pakistan with a network of more than 890 branches in more than 200 cities across Pakistan with an international presence in Bangladesh, Afghanistan, Bahrain and UAE of 12 branches.[3]


The roots of the bank go back to the Bank of Credit and Commerce International (BCCI), which had three branches in Pakistan.[4] These were taken over by the State Bank of Pakistan to safeguard consumer interests, under a new identity of Habib Credit and Exchange Bank (HCEB).[2]

In 1997, the bank was privatized and taken over by Abu Dhabi Group and United Venture Holding of UAE and Pakistan respectively, with a new identity of 'Bank Alfalah Limited'. The management of the bank had implemented strategies and policies so the bank would become a major player in the market. With a partnership with the Abu Dhabi Group, the position of the bank became stronger which allowed the bank to invest more in technology to increase its range of products and services.[2][5][6][7]

Bank Alfalah was incorporated on 21 June 1997, as a public limited company under the Companies Ordinance 1984. Its banking operations commenced on November 1, 1997. The bank is engaged in commercial banking and related services as defined in the Banking Companies Ordinance, 1962.[8]


Bank Alfalah Limited was launched on 21 June 1992 as a public limited company under the Companies Ordinance 1984 (now replaced by the Companies Act, 2017). The bank commenced its operations on 1 November 1997. The bank introduced commercial banking and related services as defined in the Banking Companies Ordinance, 1962. The Bank is owned and operated by the Abu Dhabi Group (UAE) and United Venture Holding (Pakistan).


The Bank provides financial solutions to consumers, corporations, institutions, and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing.


Bank Alfalah was named in the FinCEN leak, published by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). It had three suspicious transactions flagged for transactions close to 2.5 million dollars of 2 trillion dollars of suspicious payments made globally by banks in 170 different countries. The three transactions occurred between 2011-2012.[9]


  1. ^ a b c d e f "Bank Alfalah Annual Report 2022" (PDF). Retrieved 22 November 2023.
  2. ^ a b c "Mohsin Tayebaly & Co". Archived from the original on 2020-07-26. Retrieved 2020-12-06.
  3. ^ "Bank Alfalah Annual Report 2022" (PDF). Bank Alfalah. 31 December 2022. Retrieved 22 November 2023.
  4. ^ "Is this the end of Abu Dhabi group in Pakistan? And who is to blame?". Profit by Pakistan Today. October 7, 2019.
  5. ^ Shahzad, Mirza. "History and backgrounds of Bank Alfalah Limited History of Bank Alfalah Limited starts from Bank of Credit and". {{cite journal}}: Cite journal requires |journal= (help)
  6. ^ "About Bank Alfalah". Bank Alfalah. Retrieved 2020-09-11.
  7. ^ "Mohsin Tayebaly & Co". Archived from the original on 2020-07-26. Retrieved 2020-09-11.
  8. ^ Profit (2020-02-24). "Rising interest rates bolster profits at Bank Alfalah". Profit by Pakistan Today. Retrieved 2020-06-01.
  9. ^ Report, Monitoring (2020-09-21). "Six Pakistani banks named in FinCEN leak". Profit by Pakistan Today. Retrieved 2020-09-23.

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