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__: Faysal Bank Limited (FBL) isa Pakistan -based company engaged in commercial, consumer, and corporate banking activities.
FBL is fully geared to meet the changing economic challenges. The bank is striving to build meaningful relationships with their customers and become partners in their growth and progress by acting as financial advisors, consultants, and financiers.
The bank operates in four segments: corporate finance, trading and sales, retail banking and commercial banking. Corporate finance includes investment banking such as mergers and acquisitions, underwriting, privatization, securitization, initial public offerings (IPOs) and secondary private placements.
Trading and sales undertakes the bank's treasury, money market, and capital market activities. Retail banking provides services to small borrowers namely consumers, small and medium enterprises and borrowers' agriculture sector.
Commercial banking includes loans, deposits, other transactions and balances with corporate customers. Effective December 31, 2010, the operations of Royal Bank of Scotland Limited (RBS Pakistan) were merged with the bank, which expanded the bank's footprint to over 22 5 branches all over Pakistan. During 2011, Barkat Islamic banking has more than doubled its footprint from 13 to 30 branches in 14 cities.
The bank is rationalizing the overlap of conventional branches by relocating them to other areas while utilizing...