Deutsche Bank today announced that it has received the "Best Bank of the Year 2013" accolade by the CFA Society Pakistan in the category "Small Size Banks" with a balance sheet of less than one billion US dollar. This is the third consecutive year that Deutsche Bank Pakistan has been recognized by the CFA Society Pakistan as the Best Bank in Pakistan.
Ahmer Hasan, Deutsche Bank’s Chief Country Officer for Pakistan, said: “We are very proud to receive this significant recognition from the CFA Society in Pakistan which once again underlines Deutsche Bank’s outstanding performance in Pakistan. We continuously aspire to be one of the most respected international banks in the regional financial markets and we are committed to invest into our franchise and to provide best-in-class products and services to our international and Pakistani clients."
The CFA rating was based upon stand alone and locally reported financials to measure profitability, efficiency, growth and solvency.
Deutsche Bank was among the very few international banks that started its operations in Pakistan more than 50 years ago. Nowadays, Deutsche Bank has offices in Karachi, Lahore and Islamabad and employs around 70 people. 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 banking, investment banking and transaction banking services.