Pakistan Banking Awards:
The Institute of Bankers Pakistan (IBP) in partnership with DAWN Media Group and collaboration of A.F. Ferguson & Co. (a member of PwC global network) conducted the second Pakistan Banking Awards 2017 this week. The Pakistan Banking Awards were launched in 2016 and are now an annual event. Awards are given to individual banks based on their performance, broadly in the developmental, financial, and customer service related spheres.
Chief Executive Institute of Bankers Pakistan Hussain Lawai said,
The Pakistan Banking Awards 2017 would serve as a platform to promote, recognise and acknowledge the contribution of the banking industry towards enhancing Pakistans economy.
Best Bank of the Year 2017:
Bank Alfalah Limited was declared Pakistans Best Bank for 2017 displaying the most significant contribution to national development and the most effective management of its resources, including its employees, clients, franchise community, and financials.
Last year it was United Bank Limited that stood prominent as Best Bank.
Best Bank for the Unbanked:
Telenor Microfinance Bank won this award for diversifying its reach to all segments of the society.
Best Microfinance Bank Award:
This too was awarded to Telenor Microfinance Bank for accessing the untapped market in remote areas and penetrating its operations in the rural region of the country.
Best Bank for Small Business and Agriculture:
Habib Bank Limited was awarded this award for strongest performance, diversification and quality of SME and agriculture lending nationwide.
Best Bank for Corporate Finance and Capital Market Development:
United Bank Limited was declared Best Bank for Corporate Finance & Capital Market Development.The award was given with the comments that the bank had excelled in promoting capital market development, deepening secondary markets, and providing advisory services to optimise the efficient use of industrial and commercial assets.
Best Islamic Bank:
Meezan Bank secured the Best Islamic Bank award. The bank that has made the most progress in extending and expanding the Islamic banking franchise and raising public awareness, remarked the jury.
Best Environmental, Social and Governance (ESG) Bank:
JS Bank proudly collected the award for the category of Best Environmental, Social and Governance Bank (ESG). The jury recognized JS Bank for being at the forefront in this domain amongst all the banks in Pakistan in criteria such as energy usage, waste disposal, social standards and transparent governance mechanisms
Jury for Pakistan Banking Awards 2017 comprised of Syed Salim Raza- former governor State Bank of Pakistan; Azhar Hamid, former Banking Mohtasib Pakistan & Former Country Head SCB Pakistan; Feroz Rizvi, President & CEO Pakistan Institute of Corporate Governance; Dr Zeelaf Munir, MD & CEO English Biscuit Manufacturers and Shehzad Naqvi, former Regional Head of Citibank Middle East and Pakistan.