11/03/2014
Dear All
The Bank of Azad Jammu and Kashmir Bank was founded on November 09, 2006 through an enactment of the Constitutional Assembly of State of Azad Jammu & Kashmir with a
VISION
"To emerge as premier finanl institution,fostering Socio-economic development of the People of AJK"
AND
MISSION
"To acquire market leadership through quality banking services,customized products,best business practice,merit and performance culture and participation in development process of the state for the well being of its people"
The Bank of Azad Jammu and Kashmir is considered the first of its nature and composition as a Govt of AJK owned Bank with participation in capital by Government and the public. BAJK with a network of 53 branches clubbed in three zones is actively engaged in resource mobilization through customized saving schemes and channelizing them in the shape of various loans schemes for productive use. The bank is being transformed through the implementation of CORE Banking software which provides facilities of online banking to its customers as our 30 Branches are providing complete online services to its 45000 customers across AJ&K.
As a state owned bank a number of initiatives have been taken in various fields which include MOUs with AJK Government for undertaking financing activities in the fields of agriculture, livestock, Small & Medium Enterprises (SMEs), microfinance. BAJK has tailored various financing schemes for agriculture- both for production and development activities, commercial activities(Running Finance-Micro Finance-Auto Finance) and consumer finance(Salary-Personal-Gold) with lower markup rates and no hidden charges. The bank is actively engaged in promoting home remittances by active participation in Pakistan Remittance Initiative (PRI) scheme of GOP, and making agency arrangements with one of the leading exchange company “ MONEYGRAM”. Under these arrangements a fast and convenient payment system is in place for payment of inward home remittances in minutes time through dedicated desks in Branches. The bank also offers safe custody and safe deposit facilities on minimal rates. Hence the Assets of BAJK now exceeding with time.
Efforts are being made for acquiring scheduled bank status which will enable the bank to provide banking services with more flexibility and extension in the year 2014. ATM (Automated Teller Machine) is also scheduled to be installed in the current Year for quality customers services. Islamic Banking is also planned to be introduced with Sharia Complaint.
First ever BAJK Ladies Branch in Azad Jammu & Kashmir has been opened with an opportunity of equal participation in socio economic development of the region as Women hold majority of the Population.
The bank has celebrated its 7th Birthday with a faith to make year 2014 remarkable and is confident of meeting its all targets.
BAJK achievements are subject to the dedicated efforts of following dignitaries.
• Mr.Ch. Latif Akbar, Chairman Finance Minister AJ&K , Chairman Bank of Azad Jammu & Kashmir
• Mr. Fazal-ur-Rehman, Managing Director BAJK
• Mr. Yusuf Khan, Director
• Mr.Sardar Naeem Ahmed Shiraz, Director
• Mr. Muhammad Akram Sohail, Director
• Mr.Sardar Muhammad Nawaz, Director
• Mr.Ch.Muhammad Saeed, Director
• Mr. Muhammad Ahmed Shaikh, Director
• Mr.Ch. Javaid Iqbal, Director
Now it is National Responsibility of all-STATE Stake Holders to play their part in the growth and success of The Bank of Azad Jammu & Kashmir.
Regards
Syed Aftab Hussain Gillani
General Manager Retail & Commercial Baking/Zonal Chief
The Bank of Azad Jammu and Kashmir
