KARACHI: Deutsche Bank announced today that it has been rated as the Best Bank in Pakistan by the Chartered Financial Association (CFA) in the category “Small Size Banks” with balance sheet footings of less than one billion Euro.
The CFA rating was based upon stand alone and locally reported financials to measure profitability, efficiency, growth and solvency.
Faizan A.Mitha, Deutsche Bank’s Chief Country Officer for Pakistan, said: “We are very pleased with the CFA rating of our Pakistan franchise. It again underlines our stable performance over the last years. Deutsche Bank was among the very few foreign banks that started its operation in Pakistan more than 50 years ago and still remains one of the most respected international banks in the local market.”
This is the second consecutive year that Deutsche Bank Pakistan has been recognized by the CFA Institute as the Best Bank in Pakistan. Deutsche Bank Pakistan has offices in Karachi, Lahore and Islamabad and was first established in 1961. The bank offers strong on-the-ground presence with the ability to draw on specific product expertise from the bank’s regional and global teams, in order to provide a wide range of corporate and investment bank products and services.