JS Bank is a commercial bank offering a range of consumer, corporate and other banking services. It has a network of 345 branches in 172 cities including an international branch as well. It has always been known for its pioneering factors in the world of financial accreditations and inclusions, with active and consumer friendly services; further continuing to maintain its steady growth despite a challenging operating environment. With all divisions expanding their operations and delivering robust performances, JS Bank has moved one step ahead in developing a market niche for itself.
In the 2019 AsiaMoney Best Bank Awards, JS Bank has been recognized as the ‘Best Bank for SMEs’ in the given award category. AsiaMoney Best Bank Awards are one the most accredit awards in the financial sector.The Bank’s Journey in the SME lending space originally started in 2014-15, but in a space of less than four years, the Bank’s relationship driven by SME expansion strategy is paying off rich dividends. While the small and medium-sized enterprise business with a much bigger rival like Habib Bank Limited (HBL), JS Bank’s SME division is now ranked the third largest in the country with a portfolio of around PKR 47 billion (USD 348 million) as of December 2018. The Bank has displayed growth of over 155% in the last year alone, attracting attention – and compliments – from competitors for the rapid emergence of its shrewd relationship-centred operations.
Not only this, but the bank has also partnered with USAID, Karandaaz, Careem, Nestle Pakistan & Engro Foods Limited (Friesland Campina) to create employment opportunities for over 16,000 borrowers directly and over 100,000 people nationwide in a short span of only four years. JS Bank is successfully one of Pakistan’s leading providers of loan against gold, which is the fastest SME loan processed in Pakistan’s entire industry, in less than 100 minutes.
The success of JS Bank’s growth comes from its value-driven approach to customer satisfaction, making it the bank of choice for SMEs and entrepreneurs across Pakistan.
