Bahria Town (Pvt) Limited has recently opened the second branch of its latest business project “Escorts Investment Bank Limited” at Bahria Town Head Office in Bahria Town Karachi.
The branch had been running its operations after the successful launch of the first EIBL branch in Bahria Orchard—Lahore previous week.
The new branch in Karachi started its operations on Monday, many highly honoured individuals were present on the occasion.
The ribbon-cutting ceremony was performed by the COO Bahria Town Karachi—Admiral Hayat and Naveed Amin Khawaja—CEO Escorts Investment Bank Limited for officially launching the new branch operations. Many other people of the top management of both the sides were also present at the ceremony.
During the media interaction, the COO Bahria Town said that this step has been taken for complementing the living pattern or lifestyle of the Bahria residents. The bank has been set up to offer housing finance for the building of homes, to the individuals who are a member of the Bahria Town. The services would be offered initially in three major cities of the country.
Bahria Town is keen and targeted at providing low-budget housing. He added that one branch has already been opened in Lahore and that one branch would soon be opened in Rawalpindi.
On the occasion, CEO Escorts Investment Bank Ltd. said that we have successfully opened our first branch in Lahore on the 15th of February and as per the promise of the CEO Bahria Town—Ahmed Ali Riaz Malik we have commenced our Karachi branch operations on the 19th of February.
He further mentioned and thanked SECP for putting trust in them and team and would ensure to prove themselves more than the already set standards.
Escorts Investment Bank has now become the equity compliant and licences have been renewed after the funds of rupees 1,200,000,000 have been injected into the Bank.
New branches of the bank would be set up soon, one of them would be inaugurated in Bahria Town, Rawalpindi by the month end.
These developments are in accordance with the Bahria Town’s history of taking and working on projects that facilitate the Pakistanis.
Bahria Town Karachi is so far the best and most secure perfectly planned community in Karachi, which could be accessed easily from various parts of the city, along with an additional separate entrance on the M9 Expressway.