JS Bank’s Home Remittance Group has recently introduced a monthly Lucky Draw Campaign for the period of three months with the collaboration of Xpress Money Services Ltd for its remittance services availing customers (beneficiaries). The 1st lucky draw of this campaign was held on August 5, 2011 jointly by JS Bank & Xpress Money representatives at the JS Bank Head Office in Karachi. 100 winners were randomly selected though an automated computer ballot and won mobile phone sets. Next draw will be conducted on September 1st, 2011.

The mandate of this campaign of JS Bank and Xpress Money Services Ltd is to increase the remittance inflow to achieve the objectives of the Pakistan Remittance Initiative (PRI). JS Bank has become a renowned name and significant player in Home Remittance Business and has shown phenomenal performance month on month in local market of remittance business. Xpress Money Services Ltd has its presence in more than 95 countries around the world.

Today JS Bank is counted amongst the most performance driven banks on Pakistan’s banking landscape. The bank now has an online network of more than 130 branches in 67 cities across Pakistan. In its unrelenting effort to provide high quality products and services, JS Bank continues to pursue the path of innovation and excellence.

The State Bank of Pakistan has declared JS Bank as the number one Primary Dealer of Government Securities for the year 2010-11. JS Bank is one of only 11 State Bank of Pakistan appointed Primary Dealers authorized to participate in the auctions of Government of Pakistan securities comprising of Treasury Bills (T-Bills) and Pakistan Investment Bonds (PIBs).

JS Bank has outperformed all other Primary Dealers during what has been an extremely challenging year for Pakistani banking is testament to the strategic vision of the management as well as the hard work of the Fixed Income Team in Treasury. The listing displays the growing confidence that customers have in the bank’s ability to better handle their fixed income transactions and sends a clear signal to the market that JS Bank has emerged as a key player with an agenda of performance driven growth and service excellence in Pakistani banking.

JS Bank Limited, one of the fastest growing banks in Pakistan announced the launch of its JS Bank Cup – Women T20 Cricket Tournament at a ceremony held in a local hotel in Karachi. Mr. Khalil ur Rehman, SEVP- Group Head Operations, Mr Kamran Jafar, SEVP- Group Head Retail Banking & Mr. Imran Shaikh, VP- Head of Marketing & Media Management were present along with other senior bank officials to share their views on the occasion.

Speaking on this occasion, Mr. Khalil ur Rehman said, “ JS Bank is the pioneer and has the privilege of hosting the first ever Women T-20 tournament in Pakistan. The tournament is sponsored by JS Bank to promote women’s cricket & also pave way for talent hunt of new emerging players. JS Bank’s progressive approach to banking is reflected in our constantly expanding suite of banking products and services. We are providing cutting-edge technology enabled services at affordable prices to our customers, along with the security of banking with a truly committed organization.

Mr. Kamran Jafar shared his thoughts on this exclusive sponsorship and commented, “ We at JS Bank believe in many firsts, and as a part of our retail & marketing strategy we believe that encouraging and promoting our youth in healthy sporting activities is an essential need of the hour considering the current socio political scenario and the onus of this responsibility lies on the Corporate sector.

Partnering with JS Bank in organizing this tournament, Ayesha Qureshi from FN Sports shared the details of the tournament and said “The tournament will be played between 4 Karachi based teams being; JS Orange, JS Red, JS Blue & JS Green at the Moin Khan Cricket Academy starting 29 June 2011 till 03 July 2011. Each team comprises of 15 squad members i.e 13 players, a manager & Coach (PCB certified). All 60 participants will be awarded medals at the closing ceremony. These teams have a blend of raw talent, experience & youth representing all 7 zones of Karachi. The teams also include 8 Cricketers who are at the moment representatives of the National Junior & Senior Cricket squad, which in turn are equally divided to create a perfect balance amongst the 4 teams & giving all an equal chance to emerge as the Winners. The tournament will be played on single league system & top 2 teams to play the final. All the 6 pool matches will be played during the day starting at 10:00 am, while the final on the 3rd July 2011 is a Day/Night Fixture, and will commence on 6:30 pm.

JS Bank is counted amongst the most performance driven banks on Pakistan’s banking landscape. The Bank now has an online network of more than 130 branches in 67 cities across Pakistan. In its unrelenting effort to provide high quality products and services, JS Bank continues to pursue the path of innovation and excellence.

JS Investments, the Management Company of JS Capital Protected Fund IV (JS CPF IV), has approved a stock dividend of Rs 10.90 per unit. This was approved by the Chief Executive on behalf of the Board of Directors of the company.

An investor holding 100 units as of May 26, 2011 will get 10.5609 units on ex-bonus price of Rs.103.21 per unit; the proportionate will apply to actual holdings. Unit holders, whose names appeared in the register of unit holders on May 26 2011, will be entitled to the above distribution.

JS CPF IV will be successfully completing its tenure of 3 years and 6 weeks, on May 30, 2011. This is the fourth fund to mature from the JS Investments capital protected fund series, after the successful maturity of JS Capital Protected Fund I, II & III. Currently the company is managing two more capital protected funds namely JS Principal Secure Fund I & II, which offer 100% capital protection to its investors.

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and the short-term entity ratings of JS Investments Limited at ‘A+’ (Single A Plus) and ‘A1’ (A one), respectively. These ratings denote low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.

The ratings reflect JSIL’s sustained efforts at maintaining its competitive positioning despite continuing tough operating environment. The company’s performance is under pressure on account of decline in AUM resulting in suppressed management fee revenue. However, repayment of fair portion of borrowings and recovery in the market value of investments has helped in reducing the leveraging. The company is still exposed to market risk through investments in its own funds, mainly equity funds. Nevertheless, the strong financial profile of the JS Group remains a source of comfort.

The rating is dependent upon management’s ability to effectively execute its business strategy for growth in AUMs, in turn, improving the company’s profitability. Moreover, JSIL’s ability to augment its risk absorption capacity while managing exposure to market risk would remain critical.

JS Bank Limited, one of the fastest growing banks in Pakistan announced the launch of its JS Bank Visa Debit Card in a ceremony held at JS Bank head office, Karachi.  Mr. Kalim ur Rahman, President & CEO, and Mr. Kamran Jafar, Group Head Retail Banking, were present to mark the achievement of this significant milestone along with the senior management of the Bank.

Speaking on the occasion, Mr. Kalim ur Rahman said, “As we stride towards greater product enhancements and continue to provide quality services; JS Bank VISA Debit Card gives our customers yet another reason to bank with us. We partnered with VISA in order to provide our customers a secure and convenient payment mode for all kinds of purchases”

Launching JS Bank VISA Debit Card gives our customers the flexibility to shop at over 54,000 merchants in Pakistan and over 22 million VISA merchants worldwide. Furthermore JS Bank customers can enjoy increased security and accessibility to cash 24/7 through extensive ATM network nationwide and over 1.6 million ATMs worldwide.

Speaking on the occasion, Mr. Kamran Jafar, Group Head Retail Banking said “JS Bank’s progressive approach to banking is reflected in our constantly expanding suite of banking products and services. We are providing cutting-edge technology enabled services at affordable prices to our customers, along with the security of banking with a truly committed organization. As part of our ongoing strategy, JS Bank is constantly expanding its branch network and broadening its product suite to provide our customer a world-class banking experience.”

Today JS Bank is counted amongst the most performance driven banks on Pakistan’s banking landscape. The Bank now has an online network of more than 130 branches in 67 cities across Pakistan. In its unrelenting effort to provide high quality products and services, JS Bank continues to pursue the path of innovation and excellence.

The Board of Directors of JS Value Fund Limited (a closed-end equity fund), has approved interim cash dividend of 5%, i.e. Re. 0.50 per share.

In addition, JS Value Fund Limited reported a net income of over Rs 281 million for the nine months ended March 31, 2011. This translates into earnings per share of Rs 2.38. The net assets of the fund as at March 31, 2011 were Rs 1.286 billion. The NAV registered an increase of 28.10% as opposed to 20.98% increase witnessed in KSE-30 Index, thereby outperforming the benchmark by 7.12%.

This was announced in a meeting held on April 25th 2011, which approved the financial results for the period ended March 31, 2011. The above entitlement will be paid to the share holders whose names appear in the register of share holders on the close of business on May 23, 2011.

The Board of Directors of JS Investments Limited (JSIL), the Management Company of JS Income Fund (JS IF) and JS Cash Fund (JS CF), approved interim dividends for JS IF and JS CF for the third quarter of FY 2011, ended March 31, 2011.

A pay out of Rs. 2.00 per unit was approved for the Unit Holders of JS IF, which takes the total payout for the current fiscal year to Rs. 6.00 per unit, while an interim payout of Rs. 2.50 per unit was approved for the Unit Holders of JS CF, which takes the total payout for the current fiscal year to Rs. 6.50 per unit.

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Unit Holders who have opted for cash payout will receive cash payment while Unit Holders who have opted for bonus units were allocated units at the ex-net asset value at the close of business on March 26, 2011. The above entitlement will be paid to the Unit Holders, whose names appeared in the register of Unit Holders at the close of business on March 26, 2011.

At the occasion, Rashid Mansur the CEO of JSIL said “We are extremely pleased by these results and hope to continue this outstanding performance throughout the current financial year. I want to take this opportunity to thank our valued investors, who have shown immense trust in our expertise, and want to take this opportunity to assure them that we will continue to work for value creation for our esteemed Unit Holders.”