Atlas Bank Limited

Envisioned to operate as a progressive and dynamic banking entity, Atlas Bank today stands as a firm reality with a futuristic approach to help manage personal and commercial finances with ease and convenience.

Poised to offer an extensive range of commercial banking services, lucrative assets and liability products, Atlas Bank will be catering to satisfy and exceed the needs of its valuable customers. With a devoted and professional team endeavoring to top off the satisfaction of the customers, Atlas Bank will provide leasing, financing and trade finance along with export re-finance and wealth management services. In addition, brokerage and corporate advisory services will also be offered through its wholly owned subsidiary. The wide range of asset and liability products being designed will not only suit the needs of customers but will also make financial management convenient for them through innovative deposit schemes that will provide most favorable profit and security with monthly, quarterly, semi-annual and term income options or alternatively nest eggs for long term planning. It will provide solutions for multiple requirements of clients of diverse financial nature on both institutional and individual levels through its array of funded and non-funded products and services.

Atlas Bank, having a futuristic approach, is positioned to improvise with the changing trends of the modern day financial market. Operating through a growing network of branches across Pakistan, the entire retail network is real-time online, providing banking convenience, especially for those on the move. Enjoying the privilege of having diverse groups as its valued customers, Atlas Bank serves through its strong network of branches, backed by advanced computerized and control system, positioning its priorities in accordance with the needs, convenience and satisfaction of its customers and stakeholders.

With equity of over Rs.3 billion and assets base of over Rs.20 billion, Atlas Bank is determined to expand within and contribute aggressively to the growing economy of Pakistan and its flourishing banking sector. To stand out in the market through competitive positioning as its prime objective, Atlas Bank will always be committed to deliver consistent quality services and customer satisfaction

History

Atlas Bank Limited is supported by the trusted equity of Atlas Group, a leading manufacturing, financial services and trading group that has been at the forefront of country’s economic development since 1962. With a long-term credit rating of A- and a short-term credit rating of A2 by PACRA, Atlas Bank began its journey back in the year 1990 when Atlas Group and the Bank of Tokyo-Mitsubishi Limited entered a joint venture as Atlas Investment Bank Limited. Later in 2002, the Bank established a merger with Atlas Lease Limited and acquired Dawood Bank Limited in December 2005 and renamed it as Atlas Bank Limited and merged Atlas Investment Bank in to Atlas Bank in 2006. Atlas Capital Markets (Private) Limited was also incorporated in 2006 and is currently a wholly owned subsidiary of the bank.

Agreement with DEG

In August 2007 Atlas Bank signed an agreement with DEG - Deutsche Investitions of Germany, a leading international financial institution. The agreement will enable DEG to become a minority shareholder with a 24.9 per cent stake and a seat on the bank’s Board. For DEG, this is the first equity investment in a commercial bank in Pakistan. This financing, will enable Atlas Bank to expand its financing business for small and medium-sized enterprises and consumers. Moreover, DEG, with a pool of technical know-how will support Atlas Bank in its further expansion and development. This partnership also assures Atlas Bank’s compliance with the regulatory capital requirements in 2007-9.