Karachi, JS Bank Limitedinformed Pakistan Stock Exchange that the shareholders of the Bank in the Annual General Meeting held on March 28, 2019 have elected eight persons as Directors of the Bank for three years term, subject to the approval from 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
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.