JS Bank declared the Best Bank for SMEs – Research Snipers

JS Bank declared the Best Bank for SMEs

In the Asiamoney Best Banks Award category, JS Bank has been awarded the best bank for SMEs. The sheer hard work and dedication by the bank workers and management has led to this achievement.

The bank was ranked as the third biggest SME bank in the country. As of December 2018, it has a portfolio of almost PKR 47 billion or USD 348 million. It saw a growth of 155% in 2018 alone.

Also read: Zameen.com and JS Bank collaborates to offer mortgage finance

In 2014-15 the bank started to focus on the SEM side and in less than 4 years the bank has witnessed the fruits of its labor. The bank has opened job opportunities for more than 16,000 borrowers directly while 100,000 jobs for people indirectly in the last four years.

The bank partnered with USAID, Karandaaz, Careem, Nestle Pakistan & Engro Foods Limited, thus making its way forward slowly and steadily.

The bank focuses on female borrowers that sets it aside from other banks. For women entrepreneurs the bank has created specialized solutions in its rural program.

Other than its brand recognitions the bank works tirelessly to improve its services. Presently, it is Pakistan’s leading loan provider against gold and it is the fastest SME loan processed in Pakistan’s entire market. In 100 minutes the application is processed.