October 15th, 2013
Karachi, October 2013: Meezan Bank, Pakistan’s first and largest Islamic bank, was awarded ‘Islamic Bank of the Year’ and ‘Corporate Finance House of the Year (Fixed Income)’ – 2012 award by the CFA Society Pakistan at its 10th Annual Excellence Awards. This was the fourth consecutive year that Meezan Bank was awarded ‘Islamic Bank of the Year’ by CFA Society Pakistan. The ‘Corporate Finance House of the Year’ award was given in recognition of Meezan Bank’s Investment Banking performance in 2012, where the Bank successfully provided various ground breaking tailored solutions to blue chip corporate clients and arranged structured financing of over Rs. 42 billion. Some of the eminent transactions during the year included advisory and arrangement of Short Term Sukuks for HUBCO, KAPCO, and Engro Fertilizer, Certificates of Leasing for SSGC and Ghani Glass and Syndicated Financing for Mobilink and Shifa Hospital. Meezan Bank has advised and arranged Islamic financing transactions of over Rs. 150 billion till date through its Investment Banking wing and has clearly established itself as a market leader in providing structured Islamic financing solutions to its extensive corporate client base. The CFA Awards are given to best performing Banks to recognize excellence in the commercial banking industry. The CFA Society Pakistan is a non-profit professional organization of local investment professionals, and a member society of CFA Institute, USA, which is the largest global association of investment professionals having more than 116,000 members in 137 countries across the globe. Meezan Bank, the 8th largest bank in Pakistan in terms of branch network, provides a comprehensive range of Islamic banking products and services through a retail banking network of 336 branches in 99 cities, supported by a countrywide network of over 250 ATMs, Visa debit cards, a 24/7 Call Center and internet banking facility. Meezan Bank has been consistently recognized as the best Islamic bank in Pakistan by numerous local and international institutions including Asiamoney magazine – Hong Kong, Islamic Finance News – Malaysia, Global Finance magazine, New York and Asset AAA – Hong Kong, which is a testimony of the Bank’s commitment to excellence.
Mr. Ariful Islam, Deputy CEO – Meezan Bank receiving award at the CFA Society Pakistan ceremony held recently.