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Article: Islamic bank has growth ambitionsMeezan of Pakistan plans to triple branches and move abroadBUSINESS ASIA by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- May 31, 2007
- Author:
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Naween A. Mangi
International Herald Tribune
05-31-2007
Meezan Bank, Pakistan's biggest Islamic lender, plans to open banks overseas and triple the number of branches at home after capturing half the market in the world's second-most populous Muslim nation, its chief executive said.''We have received requests to set up affiliate companies in Arab countries where we will keep a minority shareholding and manage the banks,'' Irfan Siddiqui, the chief executive, said in an interview at the bank's head office in Karachi on Tuesday. ''We feel positive about Syria and others such as Egypt and Dubai are still in the initial thought process.''Meezan wants to extend its lead in Pakistan before ABN ...
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