JS Bank Limited (JSBL) garners its legacy from the merger and amalgamation of Jahangir Siddiqui Investment Bank Limited and American Express Bank Limited (Pakistan branches) and began operations on the 30th of December 2006. The combination of investment banking and capital markets strengths with those of retail and corporate banking is the step towards creating an integrated and synergetic, one-stop financial services institution. JSBL also has a Primary Dealer license for government securities from the State Bank of Pakistan. The Banks key activities can be categorized into four Business Units: Corporate & Commercial Banking Retail and Consumer Banking Treasury Investment Banking In 2008, we leveraged our strong capital structure which resulted in the opening of many new branches achieving a total number of 39 branches across the country. Towards the end of December 31, 2009 our network grew further to a total of 101 online branches present in over 49 cities. As of now we have over 132 online branches present in more than 67 cities nationwide. The Pakistan Credit Rating Agency (PACRA) has also upgraded the long-term and short-term entity ratings of and respectively with stable outlook. These ratings denote low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments. The ratings reflect the improvement in JSBLs relative positioning amongst peers and appreciable progress accomplished in formulating a cogent business strategy, strengthening systems and controls, developing a core management team, expanding the branch network and successfully implementing the technology infrastructure. JSBL is a subsidiary of the JS Group, which is one of Pakistans most diversified and progressive financial service groups. The JS Group has dynamically expanded its business in different sectors and has introduced JSBL with higher standards of banking with customer satisfaction as its primary objective.