A Review On JS Bank Pakistan
A Review On JS Bank Pakistan
JS Bank Limited (JSBL) is a Pakistani commercial bank and is based in Karachi, Sindh, Pakistan. JS Bank is a prominent, majority-owned subsidiary of Jahangir Siddiqui Group, with total revenue of around 562 million as of December 2018. JS Bank Limited currently owns branches across the country as well as an International branch in Manama, Bahrain. It was established in 2007 as a result of the merger of two mega corporates (Jahangir Siddiqui Investment Bank Limited and American Express Bank Limited - Pakistan operations.
History:
The establishment of JS Bank began with the acquisition of Citicorp Investment Bank Limited by Jahangir Siddiqui & Co. Limited on the 1st of February 1999. This organization was known as Jahangir Siddiqui Investment Bank Limited (JSIBL). JSIBL had a 60% stake in Citicorp giving it ownership of the organization and its operations in Pakistan