Bank Alfalah Honoured with Pakistan's Best Digital Banking and Housing Finance Awards 2022 - Press Release issued by Bank Alfalah Limited.

Karachi -- January 24, 2023 (PPI-OT)

Following is the text of press release issued by Bank Alfalah Limited

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Bank Alfalah, one of the largest commercial banks in the country, has been conferred with 'Best Digital Banking' and 'Best Bank in Housing Finance' awards at the Pakistan Banking Awards 2022 by the Institute of Bankers Pakistan (IBP).

Bank Alfalah was recognized for its efforts in introducing innovative and transformative offerings, and simplifying and easing customers' banking experience through its digital services. It was recognized for winning the trust of customers who can avail of end-to-end banking services and perform financial transactions from the comfort of their location.

Today, 72 percent of the Bank's counter transactions come through its digital channels, and over 80 percent of bank accounts are opened digitally without paperwork. Speaking at the occasion, Mohammad Yahya Khan, Group Head, Digital Banking at Bank Alfalah, shared, "We are honoured to be the driving force of digital banking in Pakistan. As we work to accelerate financial innovation, it brings us immense joy to be the enabler of choice for our customers in the payments and digital banking space."

"Bank Alfalah will always be one step ahead in providing our clients with a smooth digital banking experience to simplify their cash management activities through automation, speed, security, and flexibility," he added.

In addition to winning at the digital forefront, the bank also won the 'Best Bank in Housing Finance' for persistently demonstrating its commitment to home and construction financing segments in line with the Government's vision of 'Mera Pakistan Mera Ghar' (MPMG).

The housing finance business showed tremendous growth; PKR 17.6 billion was disbursed to finance over 2,500 households. The State Bank of Pakistan (SBP) also recognized Bank Alfalah's efforts to promote low-cost housing and was...