Key Takeaways
- Bank Alfalah has successfully issued a AAA-rated Tier 2 Term Finance Certificate (TFC) worth Rs20 billion.
- This marks the largest TFC issuance in Pakistan's banking industry and the bank's first AAA-rated TFC.
- The transaction will enhance Bank Alfalah’s capital base, supporting future growth opportunities.
Bank Alfalah, one of Pakistan’s leading commercial banks, has completed a significant financial milestone by raising Rs20 billion through the issuance of a Tier 2 Term Finance Certificate (TFC), marking the largest TFC issuance in the country's banking sector. This successful transaction follows approval from the State Bank of Pakistan and received strong participation from institutional investors.
Aasim Wajid Jawad, Group Head Strategy, Transformation, Customer Experience and VC Investments at Bank Alfalah, commented on the significance of this achievement: 'This transaction marks a defining milestone in Bank Alfalah’s capital markets journey. Completing Pakistan's banking industry's largest TFC issuance and our first AAA-rated TFC reflects the confidence that investors place in our financial strength, strategic direction and disciplined approach to growth.'
Pervez Shahbaz Khan, Group Head of Global Markets & Treasury at Bank Alfalah, further elaborated on the impact of this transaction: 'The successful execution of this landmark transaction demonstrates the depth of investor confidence in Bank Alfalah’s credit quality and financial resilience. We are delighted by the strong institutional investor participation, which enabled us to complete the largest TFC issuance undertaken by Pakistan's banking industry.'
Bank Alfalah reported a profit after tax of Rs28.34 billion as of December 31, 2025, with total deposits amounting to Rs2.49 trillion and gross advances reaching Rs1.15 trillion. The bank maintained a Capital Adequacy Ratio (CAR) of 15.87%, comfortably above the regulatory minimum, ensuring robust financial health.
The issuance of this AAA-rated TFC is expected to significantly bolster Bank Alfalah’s core profitability and enhance long-term shareholder returns. By strengthening its capital base, the bank aims to support customers more effectively, capture future growth opportunities, and contribute meaningfully to Pakistan's economic progress.
This successful transaction underscores Bank Alfalah’s commitment to financial innovation and investor confidence in the Pakistani banking sector. The strong participation from institutional investors highlights the trust placed in the bank’s strategic direction and financial resilience.
Bank Alfalah continues to position itself as a leader in Pakistan’s banking industry, leveraging this capital infusion to drive growth and support economic development.
This transaction marks a defining milestone in Bank Alfalah’s capital markets journey.
Aasim Wajid Jawad, Group Head Strategy, Transformation, Customer Experience and VC Investments
The successful execution of this landmark transaction demonstrates the depth of investor confidence in Bank Alfalah’s credit quality and financial resilience.
Pervez Shahbaz Khan, Group Head, Global Markets & Treasury, Bank Alfalah
