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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
HISTORY
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.
FINANCIAL
INFORMATION
Ticker:
|
JSBL
|
Country:
|
PAKISTAN
|
|
Exchanges:
|
KAR
|
Major
Industry:
|
Financial
|
|
Sub
Industry:
|
Commercial
Banks
|
|||
2010 Sales
|
3,631,901,000
(Year Ending Jan 2011). |
Employees:
|
830
|
|
Currency:
|
Pakistan
Rupees
|
Market
Cap:
|
1,385,451,491
|
|
Fiscal Yr
Ends:
|
December
|
Shares
Outstanding:
|
814,971,465
|
|
Share
Type:
|
Ordinary
|
Closely
Held Shares:
|
527,046,037
|
BANKING SERVICES
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.
AWARDS AND ACHIEVEMENTS
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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