JS Bank to conduct due diligence of KASB Bank

State Bank of Pakistan (SBP) has granted permission to JS Bank to conduct due diligence of KASB Bank for its proposed acquisition. JS Bank has shown interest to carry out due diligence of KASB Bank as part of its long term vision.

JS Bank is one of the fastest growing banks in the country. The Pakistan Credit Rating Agency (PACRA) has maintained the long-term rating of JS Bank at “A+” (A Plus) and Short term at A1 (A One) respectively, which further indicates the financial health of the bank and the trust reposed in it by the country’s premier credit rating agency. Presently JS Bank has laid its footprint across metropolises of Pakistan with 238 branches in 122 Cities and plans to expand its outreach with more branches nationwide this year. JS Bank is part of the JS Group, one of Pakistan’s largest and most prominent business entities.

JS Bank limited (JSBL) has sponsored a cricket series between Pakistan A and Kenya cricket team to help revive international cricket in Pakistan. The five match one day series will be played in Lahore at Qaddafi Stadium. It is the first time that any International cricket team cricket is visiting Pakistan after the horrific attack on the Sri Lanka cricket team, back in 2009. This tour is of considerable significance to both the PCB and JSBL as they hope the successful staging of the series will be the first step towards reviving cricket in Pakistan and convince other nations to tour the country.

The participation of Kenya would help build confidence and re-assure the international communities’ perception of Pakistan’s ability and suitability to host International cricket. Mr. Imtiaz Bukhari (Business Head JS Bank) commenting on the occasion, “It is JS Bank’s immense pleasure to be associated with the series and I am confident that staging this series along with Pakistan Cricket Board will surely play a big part in resumption of International Cricket in Pakistan. We strongly believe in giving back to the society”

JS Bank is one of the fastest growing commercial banks with a long term rating of A+ by the Pakistan Credit Rating Agency (PACRA), with a focus to provide quality and innovative range of banking services and products. The bank is active within Retail and Consumer Banking, Treasury, Corporate & Commercial Banking and Investment Banking services. It has a large network of 211 branches across 112 cities with plans to expand its outreach with more branches nationwide serving a growing customer base across Pakistan.

Picture Caption:Mr. ImtiazBukhari (Business Head, JS Bank), Shehryar Khan (Chairman PCB) along with other dignitaries at the Post Match Presentation of the Kenya Series.

JS Bank and Temenos sign agreement for the upgrade of T24 Core Banking System. JS Bank was the first in Pakistan to go live on Temenos T24 system in 2008. Temenos today is leading core banking system in Pakistan and the top ranking company globally. In 2008, JS Bank implemented the R7 version which will now be upgraded to R14. The new version of the system carries many technical & functional refinements which will strengthen bank’s core banking operations and enhance our customer experience.

JS Bank will likely be the first in Pakistan to complete implementation of T24 R14 system upgrade. Additionally to enhance our customer value proposition JS Bank has signed agreement with Temenos and NDC to implement Islamic Banking R14, Insight Data Warehousing & Business Intelligence solution, world class Treasury front & middle office platform known as Treasury Trader and Arrangement Architecture module for rapid product development in the core banking system.

About JS Bank Limited

JS Bank is one of the fastest growing commercial banks with a long term rating of A+ by the Pakistan Credit Rating Agency (PACRA), with a focus to provide quality and innovative range of banking services and products. The bank is active within Retail and Consumer Banking, Treasury, Corporate & Commercial Banking and Investment Banking services. It has a large network of 212 branches across 112 cities with plans to expand its outreach with more branches nationwide serving a growing customer base across Pakistan.

Caption: Signing Ceremony of JS Bank’sT24 Core Banking System upgrade being chaired by Khalid Imran, President and CEO, JS Bank; and Jean-Paul Mergeai, Managing DirectorTemenos, Middle-East along with senior members of both organizations.

For any clarification or assistance, please contact the undersigned.

Thank you.                                                               

Zaid Haroon                                                             

Corporate Communications                                               

Tel:   111-222-626

Email: zaid.haroon@jsbl.com

Lahore, 20 November 2014: Kashf Foundation in partnership with JS Bank celebrated International Women’s Entrepreneurship Day by lauding the achievements of its clients through an award ceremony for the most successful women entrepreneurs. The Chief Guest for the event was Barrister Shahida Jamil, former Minister of Law, Justice and Human Rights and Parliamentary Affairs and former Minister for Women Development, Social Welfare and Special Education. A panel of development experts comprising of Ms. Leslie Tinney, First Secretary Development Government of Canada, Mr. Ali Sarfaraz CEO of the Punjab Skill Development Fund, and Ms. Sadia Khan CEO of Selar Enterprises, discussed the role of finance, development assistance, and skills development in empowering women entrepreneurs. At the end, Kashf recognized 15 of its clients for excellence in entrepreneurship.

Kashf’s client Salma Kanwal who is one of the United Nations Ambassadors for International Women’s Entrepreneurship Day was also recognised at the event, where she spoke of her achievements in expanding her business through capital support and training opportunities provided by Kashf Foundation. November 17 – November 21 has been marked as International Entrepreneurs Week and November 19 is International Women’s Entrepreneurship Day. The day is an opportunity to celebrate, engage and empower female entrepreneurs.

At the event, Founder and Managing Director Kashf Foundation Ms. Roshaneh Zafar shared that Kashf had cumulatively disbursed over 2.5 million loans since its inception and trained over 800,000 women in financial education. Kashf currently has 229,000 active female clients and is currently providing micro-health insurance to over 95,000 low-income individuals. Kashf works through a nation-wide network of 180 branches. She further shared that Kashf had evolved into a wealth management company for women entrepreneurs from low-income households in order to provide a suite of pro-poor and women centric financial products and services like credit, savings, insurance, skills development, financial & business education and a special program for low-cost private schools

At the occasion Mr. Imtiaz Bukhari, Business Head JS Bank stated “It’s always a pleasure for JS Bank to support such endeavors and recognize the good work being done by KASHF Foundation for women empowerment”.

In conclusion, the awards ceremony was a forum to advocate for the economic empowerment of women and to recognize the success of Kashf’s clients who despite all odds had through their creativity, their resilience and their diligence actively contributed towards transforming the lives of their families and hence their communities.

Caption: Kashf Foundation, along with its strategic partner JS Bank, lauds outstanding women entrepreneurs at Kashf Women’s Entrepreneurship Awards 2014 on 20th November 2014 in Lahore.

JS Bank and JS Global are pleased to be Official Sponsors for the South Asian Football Federation (SAFF) Women’s Cup being held in Islamabad. It is the main association football competition of the Women’s national football teams governed by the South Asian Football Federation and approved by FIFA and AFC. On this occasion Mr. Imran Shaikh, Executive Vice President & Head of Marketing JS Bank stated “JS Bank believes in giving back to the society by supporting such endeavors as part of its Corporate Social Responsibility and we whole heartedly welcome our friends from South Asia to Pakistan for the SAFF tournament”

The Eight countries that are competing in the biggest women’s event in South Asia are Pakistan, India, Bangladesh, Afghanistan, Nepal, Srilanka and Maldives. It is the 3rd Edition of the biggest women’s event in South Asia which is held every 2 years. The matches are being shown live in a region which has a population of 1.7 Billion people.
JS Bank is one of the fastest growing commercial banks with a long term rating of A+ by the Pakistan Credit Rating Agency (PACRA) with Rs 100 Billion in deposits as of September 30, 2014 with a focus to provide quality and innovative range of banking services and products. Pakistan Football Federation is FIFA’s member association and a body entitled by FIFA for governing, developing and promoting football in Pakistan.

JS Bank is active within Retail and Consumer Banking, Treasury, Corporate & Commercial Banking and Investment Banking services. It has a large network of 212 branches across 112 cities with plans to expand its outreach with more branches nationwide serving a growing customer base across Pakistan. JS Bank is part of JS Group, one of Pakistan’s largest and most prominent business entities.

Photo Caption: Mr. Shahzad Khan, Regional Head JS Bank, Mrs. Vijiyanti, Deputy Mission Head Srilankan Embassy with Mr. Pervaiz Mir, Organizing Secretary South Asian Federation Football Championship prior to a match.

Mahvash & Jahangir Siddiqui Foundation in collaboration with US Based Walkabout Foundation and assisted by Special Talent Exchange Program (STEP) and other NGO’s across the country distributed 250 specially customized wheelchairs to the flood affectees.

To mark this occasion, Atif Shaikh – Special Talent Exchange Program, Zaid Haroon – Mahvash & Jahangir Siddiqui Foundation, James Cerven – US Embassy Islamabad, Dan Welsh – British High Commission, and many other notable dignitaries were present and spoke regarding the initiative.

Mr Atif Shaikh, President Special Talent Exchange Program noted, “It is Walkabout Foundation’s second time in Pakistan, but these 250 customized wheelchairs, which are donated and delivered in conjunction with the Mahvash and Jahangir Siddiqui Foundation, is part of a larger project to collectively donate thousands of wheelchairs in the next few years to come” and he also added, “this is a unique initiative in a way that persons with disabilities have been directly engaged throughout the process”.

Mr. Zaid Haroon, Mahvash and Jahangir Siddiqui Foundation commented, “Such initiatives are a small step towards ensuring the lives of all the citizens of Pakistan especially those disabled is based on equality and basic rights such as mobility are ensured. He further added that, the Mahvash and Jahangir Siddiqui Foundation has always been in the forefront to support and initiate such endeavors and looks forward to playing an even bigger role in the future”. The Mahvash and Jahangir Siddiqui Foundation is a not-for-profit organization that aims to provide healthcare, education and social enterprise through sustainable development to underprivileged members of society with a special focus on women, minorities, children and disabled individuals.

Mr. James Cerven, US Embassy Islamabad appreciated the noble efforts of Walkabout Foundation, Mahvash and Jahangir Siddiqui Foundation and Special Talent Exchange Program (STEP). He also emphasized that this is a very important step that is making disability less of a hindrance and such steps would go a long way in addressing the problems being faced by disabled people in Pakistan. They look forward to continue promoting such initiatives for the social development of the Pakistani society.

Mr. Dan Walsh, British High Commission commented, “Great work is being done by Mahvash & Jahangir Siddiqui Foundation and Walkabout Foundation and it clearly shows there is work to be done to overcome the barriers to access. As part of our work, we look forward to seeking ways to collaborate together regarding disability in the country”

The Mahvash and Jahangir Siddiqui Foundation and JS Bank have been a strong advocate of various philanthropic activities in the past as well, including extensive relief efforts in the 2005 earthquake, 2008 IDP crisis and 2010 onwards regarding the ongoing monsoon floods.

Walkabout Foundation is a US and UK organization that focuses on funding research to find a cure for paralysis and donating wheelchairs to people in need.

Mr Jahangir Siddiqui, Chairman JS Bank inaugurated the 212th branch of JS Bank at IBA Karachi. The ceremony was attended by distinguished citizens of Karachi and senior management of JS Bank.

Speaking on the occasion, Jahangir Siddiqui said, “I would like to congratulate the CEO, management and employees of JS Bank on achieving this important milestone. Under its capable leadership, the Bank has made outstanding progress in a short span of time and continues to move on a sharp trajectory of growth. I wish to reiterate JS Group’s commitment towards the development and prosperity of Pakistan and its great people.”

He stated that over the last 7 years, JS Bank has expanded its footprint across Pakistan with a growing branch network which currently stands at over 212 branches nationwide offering a complete suite of banking products. This JS Bank branch is of great importance keeping in view of its location within IBA Karachi campus. It would serve to play a key role in enhancing the future of this country by serving the very best minds of this country and allowing them utmost convenience to stay focused on their academics.

This growth is recognized as one of the fastest growth by any bank in Pakistan which alludes to the financial strength of the Bank as well as its long-term approach to building businesses across market segments. The bank has been reassigned a credit rating of A+ by The Pakistan Credit Rating Agency (PACRA) which further indicates the financial health of the bank and the trust reposed in it by the country’s premier credit rating agency.

JS Bank truly values its relationship with its clients and looks to continue improving its market competitiveness by continuously innovating and providing its valued customers the very best in services.

Karachi, September 30, 2014: The Jahangir Siddiqui (JS) Auditorium was officially inaugurated by the Dean & Director IBA, Dr. Ishrat Husain and Mr. Jahangir Siddiqui, Chairman, JS Group at IBA city campus.

Together, Dr. Ishrat and Mr. Jahangir Siddiqui unveiled the plaque of the auditorium and declared it open.

The JS Auditorium is a state-of-the-art facility, which has materialized, due to the generous contribution made by the Mahwash & Jahangir Siddiqui Foundation (MJSF).

Addressing the audience, the architecture Ali Korai for the project explained that this auditorium had all the modern facilities, with a capacity of more than 400 people, it is perfect for lecture series, plays, movie screenings etc. He said the auditorium has mindfully been designed to assist the disabled members of our society and ramps had been integrated in its design to make it accessible for them. He also informed the audience about the auditoriums many merits, such as, banking facilities, changing rooms, washrooms, adequate lighting and low maintenance. The interior of the auditorium has been designed by Naheed Mashookullah.

Speaking on the occasion, CEO MJSF, Mr. Ali Siddiqui thanked all the participants for enabling the completion of this project. He said that this auditorium was a contribution towards an all-inclusive and a united society. He hoped that IBA would use this facility to promote great intellect, tolerance and a united front for the betterment of Pakistan. He further added that, MJSF trusted IBA fully and expected that IBA would play an integral role by utilizing this facility to the maximum as IBA’s history is such that in its 60 years, 60-70% of its alumni have served the country in many prominent positions, thus he expects that more good would generate from this initiative.

Addressing the attendees, Dr. Ishrat Husain said that it was a momentous time for IBA, as JS Auditorium was the first construction at the institute’s city campus since the year 1965. He thanked MJSF and Jahangir Siddiqui for their generous support towards construction and successful completion of the project. He said that IBA was not only imparting quality business education but now the institution has diversified by offering degree programs in the disciplines of Computer Sciences, Social Sciences and Liberal Arts, as per the requirements of the society.

“IBA has 50 PhD scholars, who are engaged in providing education of international standards,” said Dr. Ishrat, he specifically praised the support of the philanthropists and donors for providing support to the institute in the construction of 14 new buildings at both main and city campuses.

Prominent personalities of the city, businessmen and other dignitaries also attended the ceremony.

The Board of Directors of Jahangir Siddiqui & Co. Ltd. (the Company) in their meeting held on December 5, 2013 at 11:00 am, at 6th Floor, Faysal House, Shahra-e-Faisal, Karachi have appointed Chief Justice (R) Mahboob Ahmed as Chairman of the Company for a term of three years.

Further, the Board of Directors also re-appointed Mr. Suleman Lalani as Chief Executive Officer of the Company for the period of three years.

A signing ceremony was held at JS Bank Head Office for signing of MOU between JS Bank Limited and Nizam Energy (Pvt) Limited on September 16, 2013 to promote and finance Solar Systems Solutions in Pakistan as part of JS Bank’s business strategy and corporate social responsibility. JS Bank conducts its social corporate responsibility through its own initiatives and also in collaboration with the Mahvash & Jahangir Siddiqui Foundation.   Pakistan being in the sunny belt is fortunate to have long sunshine hours coupled with high insulation levels and is ideally located to take advantage of solar energy technologies. Pakistan can make use of this freely available and widely distributed solar energy for improving the socio-economic conditions of the people living in remote areas and to reduce the poverty level. Such initiatives can play a significant role in order to provide a feasible solution to the energy crises being faced by the country and its citizens.   Over the last few years JS Bank has aggressively expanded its footprint across Pakistan with over 185 online branches in 100 cities. It is one of the fastest growing banks in the country which alludes to the financial strength of the Bank as well as its long-term approach to building businesses across market segments. The bank has been assigned credit rating of A+ by The Pakistan Credit Rating Agency (PACRA) which further indicates the financial health of the bank and the trust reposed in it by the country’s premier credit rating agency. JS Bank is part of the JS Group, one of Pakistan’s largest and most prominent business entities.