Samba Bank Limited has opened two new branches, one each in Allama Iqbal Town, Lahore and F-7, Islamabad, with the latter also housing the area office for Northern Areas. The branches were inaugurated by Dr Shujaat Nadeem, member board of Samba Bank Limited in the presence of Tawfiq A. Husain, President and CEO and senior management of the bank.

Commenting on the opening, Tawfiq Husain said; "SBL is constantly improving its footprint in Pakistan, while developing and promoting its alternate distribution channels. This, along with the planned regular launch of new products, will enhance SBL's value proposition in expanding its customer base, which is important for the development of our franchise". Samba Bank Limited is 80.68 percent owned by Samba Financial Group, Kingdom of Saudi Arabia, which itself is rated Aa3 by Moody's Investors Service.-PR

Copyright Business Recorder, 2012