AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Faysal Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 27, 2016.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 929,904 with earnings per share 0.78 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Faysal Bank Limited was incorporated in Pakistan on October 3, 1994. The foundations of the company were laid as a public limited company under the Companies Ordinance, 1984. Ithmaar Bank B.S.C., a Bahrain based retail bank, is the parent company of the bank. The business activities of the bank include commercial banking, consumer banking, corporate banking and Islamic banking activities. The bank has a branch network comprising of over more than 265 branches in around 80 cities of Pakistan. The registered office of the bank is situated in Karachi. The stocks of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.
The bank provides products to its customers in the field of personal and business banking. This includes deposits products, retail services, lending and insurance solutions. In the business banking the services related to corporate and agri solutions are provided.
The symbol “FABL” is being used by the stock exchange for the shares of Faysal Bank Limited.