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JS Bank Limited (JSBL) is a Pakistani commercial bank headquartered in Karachi, Pakistan. The bank is a prominent majority-owned subsidiary of JS Group. The bank was established in 2007 as a result of the merger of two mega corporates, Jahangir Siddiqui Investment Bank Limited and American Express Bank. In FY 2020, the bank had a total revenue of PKR 16.45 billion and closed the year with total assets of PKR 532 billion. JS Bank Limited currently operates branches across Pakistan as well as an international branch in Manama, Bahrain.

The Pakistan Credit Rating Agency Limited (PACRA) maintains the long-term entity rating of JS Bank Limited (JSBL) to ‘AA-(Double A Minus). Meanwhile, short-term entity rating is maintained at ‘A1+’ (A One Plus).

History
JS Bank origins began with the acquisition of Citicorp Investment Bank Limited by Jahangir Siddiqui & Co. Limited on the 1st of February 1999 to form Jahangir Siddiqui Investment Bank Limited (JSIBL). JSIBL had a 60% stake in Citicorp giving it ownership of the organization and its operations in Pakistan. In 2007, JSIBL and American Express Bank Limited - Pakistan operations were merged resulting in the formation of the JS Bank. Jahangir Siddiqui & Co. maintained majority shares in the new company.

The bank operates 323 branches in 161 cities of Pakistan and maintained a total asset base of Rs 112 billion in 2014.

The bank rapidly grew its network and reached the PKR 400 billion deposit mark by 2020.

JS Bank holds the largest share in the disbursement of the Rozgar Refinance Scheme amounting to PKR 10.8 billion as per State Bank of Pakistan policy.

Awards and honours

 * Best Environmental and Social Governance Bank - Pakistan Banking Awards 2017.
 * In 2019, JS Bank became the first Pakistani financial institution to gain this accreditation from the Green Climate Fund.
 * Certificate of Merit – Best Corporate Report Award 2019 by ICAP/ICMA.
 * Best Bank for SMEs, Best Bank for CSR - Asiamoney Awards 2020.
 * The bank won the Best Payment Technology/Solution Provider award for its Digital Traffic Challan Initiative at the 2019 DIGI Awards.
 * SME Bank of the Year 2019, 2020, 2021 - Asian Banking and Finance Awards.
 * JS Bank won the Asiamoney Awards 2020 for being ‘Best Bank for SMEs’ and ‘Best Bank for CSR.
 * On 20th July 2020, the bank was recognized by the State Bank of Pakistan (SBP) for its role in driving home remittance.
 * The bank has been further recognized by the State Bank of Pakistan as the best performer under the Rozgar Refinance Scheme, a concessional credit scheme for SME’s that ensure zero job layoffs during the Covid-19 worldwide Pandemic.

Products and Services
JS Bank operates through various business segments including corporate finance, trading and sales, and retail banking.

The bank has several products for retail customers that they provide through their branch network. These include Premium Current Account, Raabta Personal Business Account in collaboration with Telenor, Elite Salary Account and an accountx for Freelancers.

For SMEs, some of the bank’s flagship financing includes JS GoldFinance, JS Naya Aghaaz, and JS Khud Mukhtar.

The bank offers several green financing products including JS Smart Roshni; solar panel financing, with a focus on enabling businesses to reduce dependence on the grid for energy requirements.

Penalty imposed by the State Bank of Pakistan
In September 2019, the State Bank of Pakistan imposed penalties on a number of local institutions including JS Bank for deficiencies in customer due diligence. The bank’s departments where discrepancies were pointed out included asset quality, corporate governance, and AML/KYC. The bank was also advised timelines to enhance its processes for identification of Politically Expose Persons, customer risk profiling and transaction monitoring.