Pakistan Company News – Material Information of JS Bank Limited

Material Information of JS Bank Limited

Karachi, JS Bank Limitedinformed Pakistan Stock Exchange that the Board of Director of the Bank has decided to appoint Mr. SulemanLalani (to fill the casual vacancy) as Director of the Bank, subject to approval of the State Bank of Pakistan.

JS Bank Limited is incorporated in Pakistan as a scheduled bank engaged in commercial banking and related services. It is a subsidiary of Jahangir Siddiqui and Company Limited. The bank has a branch network of 211 branches in Pakistan. The stocks of the company are quoted on the Karachi Stock Exchange in Pakistan. The registered office of the company is located in Karachi.

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. The bank commenced operations in Pakistan as a fully scheduled bank on December 30, 2006. It has a Primary Dealer license for government securities from the State Bank of Pakistan. The core activities of the bank are in the segment of retail and consumer banking, treasury, corporate and commercial banking and investment banking.

The symbol “JSBL” is being used by the stock exchanges for the shares of JS Bank Limited.