FAYSAL BANK LIMITED

May 09 - 15, 2005

Faysal Bank started operations in Pakistan in 1987, first as a branch set-up of Faysal Islamic Bank of Bahrain and since 1995 as a locally incorporated Pakistani bank under the present name of Faysal Bank Limited. On January 1, 2002, Al Faysal Investment Bank Limited, another group entity in Pakistan merged into Faysal Bank Limited, which resulted in a larger, stronger and much more versatile institution amongst private banks in the country.

Faysal Bank Limited is a full service banking institution offering consumer, corporate and investment banking facilities to its customers. The Bank's wide spread and growing network of branches in the four provinces of the country and Azad Kashmir, together with its corporate offices in major cities, provides efficient services in an effective manner. The strength and stability of Faysal Bank Limited is evident through the Credit Rating assigned by JCR-VIS Credit Rating Company Limited of AA (Double A) for long to medium-term and A-1 (A one) for short-term.

The majority share holding of Faysal Bank Limited is owned by companies of the Dar Al Maal Al Islami Trust (DMI) including Shamil Bank of Bahrain E.C. The remaining shareholders comprise of the general public, NIT and other Pakistani institutions. The Bank's shares are quoted on the Karachi and Lahore Stock Exchanges. DMI Trust is an institution that creates, maintains and promotes Islamic financial institutions. DMI has devised a comprehensive range of Islamic financial instruments to channel investors' funds into viable Shariah compatible operations and investments.

The Bank's performance has gained momentum over the last few years, as an outcome of its efforts to consolidate its position in the Corporate, SME, Consumer Finance and Agricultural Finance sectors, by opening branches in various parts of the country, such as Vehari, Rahimyar Khan and Okara, along with participation in various trade shows and exhibitions to promote themselves in these respective areas. These activities have enabled the Bank to post high profit after tax allowing it to declare substantial dividends in the form of cash and bonus shares thus adding to its overall success.

The Bank posted an after tax profit of Rs1.7 million for the year ended 2004. Its deposit base grew by 80% in 2004 to Rs56.5 million as a direct consequence of a 28% growth in branch network for the year, increasing the branch network to 50 all over the country. A 73% growth in financing portfolio to Rs51.4 million resulted in part from the launch of the Bank's personal finance product Faysal Finance to provide quick financing solutions to retail customers of the bank along with the Khushali Kissan Scheme in various areas of Punjab to give impetus to agricultural financing activities as well as from growth in Corporate Financing Book. The Bank structured and arranged a Rs4.4 billion funding for Telecard Limited during 2004 which was part of various other activities it undertook to enhance its Portfolio.

Faysal Bank's commendable performance over the last few years is evident from the figures above and can be attributed to the dynamic leadership of Farook Bengali (President & CEO) and his team comprising of Khalid S. Tirmizey (Country General Manager Commercial Banking) and M.K. Hoti (Country General Manager Investment Banking) assisted by a motivated and dedicated staff at every level of banking activities.

Farook Bengali has a vast banking experience. He joined the Faysal Bank group with Al Faysal Investment Bank in 1996 as President & CEO after serving Standard Chartered Bank for a total of 17 years of which 9 (1986-1995) years as CEO.

Khalid S. Tirmizey joined Faysal Bank in the current capacity in 2001 having been with ANZ Grindlays as Managing Director for First Grindlays Modaraba and Head of Investment Banking.

M.K. Hoti joined Al Faysal Investment Bank as Senior Executive Vice President and Country Business Head in 1996, from Union National Bank Head Office, Dubai where he was the Regional Manager. In 1999, he became the Chief Executive Officer of Al Faysal Investment Bank, subsequently taking up his current position in 2002 after the merger of Al Faysal Investment Bank with Faysal Bank.

With such a dynamic and seasoned banking team at its helm, Faysal Bank is a major player in the banking sector. The bank has also initiated a very aggressive Management Training Programme where it hires fresh MBAs and trains them in various aspects of banking by first giving them 3 months of intensive theoretical instructions which they subsequently apply and hone in actual banking environment of the Bank. The MTs career at Faysal Bank is a 'fast track' one as they are being cultivated to occupy key management positions for the future. Thus paving a path for both employee and organization success.