JS Bank

JS Bank Limited is a subsidiary of the JS Group, which is one of Pakistan’s most diversified and progressive financial service groups. The JS Group has dynamically expanded its business in different sectors and has introduced JS Bank Limited with higher standards of banking with customer satisfaction as its primary objective.
JS Bank Limited operates in the Commercial banks sector. JS Bank Limited (the Bank) is a scheduled bank engaged in commercial banking and related services. The Bank's activities are categorized into five business units: Retail Banking, Wealth Management, Corporate Banking, Investment Banking and Treasury. Retail Banking offers a variety of products and services for both depositors and borrowers. The Bank’s key activities can be categorized into three Business Units:
  •  Retail and Consumer Banking
  •  Treasury
  • Corporate & Commercial Banking
  • Investment Banking 

JS Bank Limited has been formed after the merger and amalgamation of Jahangir Siddiqui Investment Bank Limited and commercial banking operations of American Express Bank Ltd Pakistan. JS Bank Limited commenced operations in Pakistan as a fully scheduled bank on December 30, 2006. 
In 1999 Jahangir Siddiqui Investment Bank Limited (JSIBL) was formed when Jahangir Siddiqui & Co. Ltd. acquired Citicorp Investment Bank (Pakistan) Limited. JSIBL principally mobilized funds through issuance of Certificates of Investment to individual’s investors, corporate clients, and financial institutions. Short-term financing was provided to corporate clients through these funds. The investment bank was also an active investor in equity, bond markets, and money markets through outright repo and reverse repo transactions.
JS Bank Ltd. acquires its legacy from the merger and amalgamation of Jahangir Siddiqui Investment Bank Limited and American Express Bank Limited. JS Bank Ltd. was incorporated on March 15, 2006 and the merger completed with effect from December 30, 2006.
In 2006 the number of branches was 4, which increased to 9 in 2007. In 2008 the number increased to 39 and to 101 in 2009. In the 2010 the number of branches was 129. Currently JS Bank has over 130 branches in 67 cities.


Major Industry:
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Commercial Banks
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(Year Ending Jan 2011).
Pakistan Rupees
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1.      Retail banking
Retail Banking at JS Bank offers a variety of products and services for both depositors and borrowers at competitive rates.

2.      Investment baking
JS Bank’s investment banking group has been the pioneer of numerous landmark transactions brought to the domestic capital markets. The group’s legacy dates back to the 90’s through a closely held partnership with the then eminent Bear Stearns.

3.      Corporate banking
The main area of corporate banking work includes Treasury, Asset Management, Corporate Finance, Brokerage Services as well as Islamic Banking for shariah-compliant banking services.

4.      Treasury
The Bank's client-centric treasury endeavors to partner its customers in ensuring they use the financial markets to optimize their risk profile and enhance value to their stakeholders. The Treasury seeks to do this by becoming the risk solutions provider of choice, offering quality treasury products, and being the leader in product innovation.

The JS Bank Limited won the first award for the primary dealers for Financial Year 2011-12. The second and third award was given to Habib Bank Limited and National Bank of Pakistan respectively.

1.      T-20 Women's Tournament
The JS Bank organized the first women's T-20 Tournament, JS Bank Cup – Women T20 Cricket Tournament which started from June 29, 2011 and ended on July 3, 2011. The event was held to promote women's cricket and to spot new talent. The participating teams were JS Orange, JS Red, JS Blue and JS Green.

2.      Pakistan Fast Growth 25
Pakistan Fast Growth 25, a ranking of fast growth entrepreneurial companies, is a program of All World Network which was launched in Pakistan with collaboration of JS Bank Limited.

3.      100 Lucky Winners
JS Bank launched a monthly lucky draw campaign in July, 2011 in collaboration with Xpress Money Services Limited for its remittance service availing customers. The campaign's duration is three months. The first lucky draw of the campaign was held on August 5, 2011 and the winners were given cell phones.

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