Since the time of its origin, JS Bank has always been seen at the fore front of taking bold initiatives and striving for innovative services and ideas. Recognizing itself as one of the leading financial institutions of Pakistan, the past 12 years have been most happening, challenging and developing for the bank. However, with challenges came opportunities and so we see JS Bank with a noteworthy achievement of becoming the 13th largest bank in the national economy, thus resulting in one of the greatest success in the financial sector.
Last year, JS Bank has been one of the leading shared store wholesalers in the banking sector, the 2nd largest bank for Prime Minister Youth Business Loans, and the 3rd largest bank in SME loaning. It likewise positions in the main three mortgage suppliers in the country and is a main supplier of instant loans under the JS Gold Finance service. Not only had this but the bank also won the renowned Asiamoney Award for ‘Best Bank for SMEs’, just as the honor for Best Environmental and Social Governance Bank at the Pakistan Banking Awards.
JS Bank issued its first Perpetual Term Finance Certificate (TFC), which was completely bought in under about a month with a volume of Rs. 2.5 Billion. This TFC is rated “A” and has effectively been recorded on the Pakistan Stock Exchange (PSX).
On the developing achievement Mr. Basir Shamsie, President and CEO, JS Bank said; “The successful listing of our first TFC in a very short period of time is indicative of the industry’s confidence in JS Bank’s potential and future outlook.” He further added; “By issuing this instrument, we will be able to continue our successful journey as one of the fastest growing banks in Pakistan.”
Perceiving its responsibility as a drive towards the growth and development of the economy at large, flourishing the general population of Pakistan, JS Bank tries to proceed with this journey of ongoing progress by giving a variety of conventional and digital financial solutions in the years to come.