Latest Breaking News On - சையத் அமீர் அலி - Page 1 : comparemela.com
Not many people know that BankIslami Pakistan, one of the smaller lenders with only a 1.3 per cent share in total assets of the banking sector, is currently the country’s single largest housing bank.
The housing portfolio of the minor-league bank within consumer financing puts to shame the biggest banks and even the good old House Building Finance Company (HBFC), the only specialised housing institution that has existed since 1952.
The housing advances of the Sharia-compliant bank stood at almost Rs15 billion at the end of March, up 11.4pc from a quarter ago.
The government is promoting home ownership by means of subsidised mortgages through commercial banks. The State Bank of Pakistan (SBP) has asked lenders to increase their construction and housing finance to at least 5pc of their total private-sector loans by December. Hardly five of over two dozen banks currently meet that criterion.
PakistanKarachiSindhSyed-amir-aliHouse-building-finance-companyBankislami-pakistanState-bankIslami-pakistanAamir-aliTemporary-economic-refinance-facilityபாக்கிஸ்தான்கராச்சி