Bahria town’s Chief Executive Officer Ahmad Ali Riaz Malik, EIBL Chief Executive Officer Zain Malik, and CEO Naveed Amin Khwaja today inaugurated the first branch of Escorts Investment bank limited at Bahria town Lahore.
On this occasion, Bahria Town CEO Ahmad Ali Riaz Malik stated that the main motive behind the opening of this bank is to enable all the people from the community to seek through the financial services provided by the bank. Moreover, its main purpose is to facilitate all the needy individuals with enough finance to let them buy their preferred plots or construct their house with easy on interest loans.
Ali Ahmed Riaz malik further quoted that the second branch of the EIBL would be opened on Feb 19 at Karachi which will be followed by the opening of the third branch in Rawalpindi in the last week of the present month. he also added that escorts Investment bank is now going as per the equity norms and while it is now been infused with an investment of Rs 1.2 billion, all the licenses related to it have been renewed.
As per their recent policy, the current bank administration has cleared all the amounts to the active account holders in the bank and that also includes the accumulated profits.
On the other side, all the company stakeholders and even the Lahore stock market has shown full trust in the new management and the administration of the bank. The proof in the same regards come from the fact that the prices of its shares have been surged between March 13, 2017 and Feb 14, 2018 after the latest increase in its market capitalization from Rs 428.211 to over 1.853 billion. Moreover, all the people from the sector along with the common public have appreciated and welcome the inauguration of EIBL branch at Bahria town Lahore.
Ali Ahmed Riaz Malik,