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Bank Alfalah
4.7
based on 23 Reviews
Company Overview
Company Locations
Working at Bank Alfalah
Company Summary
Bank Alfalah is a major private banking institution in Pakistan, delivering a range of financial services for consumers and corporations domestically and internationally.
Overall Rating
4.6/5
based on 23 reviews
23% above
industry average
Highly rated for
Skill development, Work satisfaction, Job security
Critically rated for
Promotions
Work Policy
Monday to Friday
65% employees reported
Strict timing
58% employees reported
Within city
39% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
5 employees reported
Health insurance
3 employees reported
Professional degree assistance
2 employees reported
Office cab/shuttle
2 employees reported
View all benefits
About Bank Alfalah
Founded in1992 (33 yrs old)
India Employee Count11-50
Global Employee Count5k-10k
HeadquartersKarachi, Pakistan
Office Locations
--
Websitebankalfalah.com
Primary Industry
Other Industries
--
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Bank Alfalah is the fifth largest private Bank in Pakistan with a network of over 700 branches in more than 200 cities across Pakistan with an international presence in Bangladesh, Afghanistan, Bahrain and UAE. The Bank is owned and operated by the Abu Dhabi Group. The International Finance Corporation (IFC) of the World Bank partnered with the Bank in 2014, and holds a 15 percent stake in Bank Alfalah.
Incorporated as a public limited company on 21st June, 1992, under the Companies Ordinance, 1984, Bank Alfalah commenced banking operations from 1st November, 1997.
The Bank provides financial solutions to consumers, corporations, institutions and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing.
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Bank Alfalah Ratings
based on 23 reviews
Overall Rating
4.6/5
How AmbitionBox ratings work?
5
14
4
7
3
1
2
0
1
1
Category Ratings
4.2
Skill development
4.0
Work satisfaction
3.9
Job security
3.9
Salary
3.9
Work-life balance
3.7
Company culture
3.1
Promotions
Bank Alfalah is rated 4.6 out of 5 stars on AmbitionBox, based on 23 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Bank Alfalah Reviews
Top mentions in Bank Alfalah Reviews
Compare Bank Alfalah with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.7/5 based on 23 reviews | 3.8/5 based on 4.4k reviews | 4.5/5 based on 6k reviews | 4.3/5 based on 11.4k reviews |
Highly Rated for | Skill development Work satisfaction Work-life balance | Job security | Job security Company culture Skill development | Skill development Job security Work-life balance |
Critically Rated for | Promotions | Promotions | No critically rated category | No critically rated category |
Primary Work Policy | - | Hybrid 73% employees reported | Work from office 89% employees reported | Work from office 89% employees reported |
Rating by Women Employees | 1.5 Bad rated by 2 women | 3.7 Good rated by 1.3k women | 4.5 Good rated by 821 women | 4.3 Good rated by 1.3k women |
Rating by Men Employees | 4.6 Excellent rated by 15 men | 3.8 Good rated by 2.9k men | 4.5 Good rated by 4.9k men | 4.3 Good rated by 9.7k men |
Job security | 3.9 Good | 3.8 Good | 4.4 Good | 4.2 Good |
View more
Bank Alfalah Salaries
Bank Alfalah salaries have received with an average score of 3.9 out of 5 by 23 employees.
Relationship Manager
(2 salaries)
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₹6.3 L/yr - ₹8 L/yr
Branch Manager
(2 salaries)
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₹9.3 L/yr - ₹11.9 L/yr
Operations Officer
(2 salaries)
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₹91.4 L/yr - ₹1 Cr/yr
Account Executive & Cashier
(1 salaries)
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₹5.4 L/yr - ₹6.9 L/yr
EPM Consultant
(1 salaries)
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₹15.3 L/yr - ₹19.5 L/yr
Business Development Executive
(1 salaries)
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₹3.6 L/yr - ₹4.6 L/yr
Senior Accountant
(1 salaries)
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₹6.3 L/yr - ₹8 L/yr
Senior Software Engineer
(1 salaries)
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₹1 L/yr - ₹1.3 L/yr
Integration Architect
(1 salaries)
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₹3.6 L/yr - ₹4.6 L/yr
Senior Business Analyst
(1 salaries)
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₹1 L/yr - ₹1.3 L/yr
Bank Alfalah News
Auto Loan Offers on MG HS PHEV from Bank Alfalah
- The MG HS Plug-in Hybrid Electric Vehicle (PHEV) is now more accessible than ever with exclusive financing and limited time offers from Bank Alfalah.
- In collaboration with Bank Alfalah, MG Motors Pakistan offers competitive markup and insurance rates through the Bank Alfalah Auto Loan program.
- The MG HS PHEV features cutting-edge technology, offering over 50 kilometers of purely electric driving on a single charge and External Charging Hybrid Technology for optimal efficiency.
- These features make the MG HS PHEV a sustainable and luxury option for environmentally conscious individuals.
TechJuice | 10 Dec, 2024
Bank Alfalah Updates Credit Card Annual Fees Starting January 2025
- Bank Alfalah has updated its credit card annual fees, effective from January 2025.
- The revised fees will be automatically withdrawn from the account balances of cardholders.
- Bank Alfalah offers a range of credit card options, including Platinum, Gold, and Visa Classic.
- The updates aim to enhance the bank's product offerings while maintaining accessibility and dependability.
TechJuice | 4 Dec, 2024
Meezan Bank and Bank Alfalah Withdraws Controversial Fee on High-Balance Accounts
- Meezan Bank and Bank Alfalah have withdrawn the recently introduced 5% monthly fee on high-balance accounts.
- The decision was made to improve consumer convenience and provide a more accommodating banking experience.
- The banks had announced the fee as part of changes to their Schedule of Charges, but retracted it due to customer satisfaction.
- The fee was seen as a response to the government's tax regulations, but the banks prioritized customer feedback and reversed the decision.
TechJuice | 27 Nov, 2024
Saudi National Bank Ends Plan to Sell Stake in Samba Bank
- Saudi National Bank (SNB) has decided to terminate the process of selling its equity stake in Samba Bank Limited.
- Bank Alfalah Limited (BAHL) had announced its intention to acquire a majority stake in Samba Bank.
- SBP had approved BAHL's request to conduct due diligence on Samba Bank.
- This comes after a previous attempt by a consortium to acquire a majority stake in Samba Bank.
TechJuice | 12 Nov, 2024
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Bank Alfalah FAQs
When was Bank Alfalah founded?
Bank Alfalah was founded in 1992. The company has been operating for 33 years primarily in the Banking sector.
Where is the Bank Alfalah headquarters located?
Bank Alfalah is headquartered in Karachi.
How many employees does Bank Alfalah have in India?
Bank Alfalah currently has approximately 10+ employees in India.
Does Bank Alfalah have good work-life balance?
Bank Alfalah has a Work-Life Balance Rating of 3.9 out of 5 based on 20+ employee reviews on AmbitionBox. 91% employees rated Bank Alfalah 4 or above, while 9% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Bank Alfalah reviews for more details
Is Bank Alfalah good for career growth?
Career growth at Bank Alfalah is rated as moderate, with a promotions and appraisal rating of 3.1. 9% employees rated Bank Alfalah 3 or below, while 91% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Bank Alfalah reviews for more detailed insights.
What are the pros and cons of working in Bank Alfalah?
Working at Bank Alfalah comes with several advantages and disadvantages. It is highly rated for skill development, work satisfaction and job security. However, it is poorly rated for promotions / appraisal, based on 20+ employee reviews on AmbitionBox.
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