JS Bank surpasses PKR 500 billion deposits milestone
JS Bank, recognized as one of Pakistan's rapidly advancing
financial institutions, has announced the milestone of exceeding PKR 500
billion in deposits.
This significant accomplishment is attributed to the
sustained momentum witnessed since the robust closure of 2023, during which the
Bank recorded a remarkable Profit Before Tax of PKR 8.5 billion, marking a
fourfold increase compared to the preceding year. Notably, JS Bank's deposits
stood at PKR 486 billion in 2023, with total assets reaching PKR 589 billion.
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Moreover, JS Bank has made significant progress in enhancing
its digital presence. The bank's digital customer base witnessed a notable
surge of 46% over the previous year, while 80% of its physical branches now
offer digital account opening facilities.
Basir Shamsie, President & CEO of JS Bank, remarked,
"This milestone underscores our team's unwavering dedication to delivering
exceptional products and services to our valued customers and partners. It
reflects the collective efforts across various sectors, including retail,
transaction banking, corporate banking, and digital banking, as we collectively
strive to expand and enhance our offerings."
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Committed to playing a pivotal role in Pakistan's economic
prosperity, JS Bank remains steadfast in its commitment to providing innovative
conventional and digital financial solutions to its clientele in the years
ahead.
Source: Pro Pakistani