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.