JS Bank one of the fastest growing banks in Pakistan signed a landmark distribution agreement with JS Investments Limited (JSIL), the leading asset management company of the country. Under the agreement, the market leading mutual funds of JSIL will be available at select JS Bank branches at high traffic locations across Pakistan.

The Distribution agreement was signed by Mr. Ather Ahmed, Chief Operating Officer (COO), JSIL and Mr. Majid Hamid, Group Head Retail Banking, JS Bank. Other senior members of the management teams of both organizations were also present at the occasion. This agreement is critical as it provides the Bank with another great avenue for enriching existing customer relationships and engaging new customers by providing them with the best asset management products available in the market.

JS Bank received an award for the 'Best Communications Campaign by a Conventional Bank' as part of the Pakistan Banking Awards. The Awards were given by the Khaleej Times which is one of the most prominent daily newspapers in the UAE and is also one of most widely quoted news-sources in the South Asia and Middle East region.

The award recognizes the success of the recently launched Marketing Communication Campaign of JS Bank which has established the bank's new brand positioning "We value your success" across all mediums and has received great feedback nationwide from the banking industry, the media, the Bank's customers and the public at large.

JS Bank Limited, one of Pakistan's fastest growing and upcoming banks announced its financial results for the third quarter, 2008. The bank has seen some robust performance, successfully earning a net profit of Rs.122.57 million for the period ended September 30, 2008. During the quarter, JS Bank also saw its deposit base witness a steady growth standing at Rs. 14.70 billion on September 30, 2008. Likewise total assets of the bank have also shown an upward trend having reached a level of Rs.21.88 billion as at September 30, 2008.

Given that the bank has shown such robust performance in what has been a difficult time or the local economy, is testament to the prudent management and financial discipline at the bank. As a result of the bank achieving such positive numbers, the Board of Directors of JS Bank in a meeting held on September 29, 2008 announced one Right Share for every five Shares held i.e. 20% at par value of Rs. 10/- per share, December 5, 2008 being the last date of payment.

JS Bank Limited achieved yet another milestone with the opening of six more branches in three regions in the month of September & October. JS Bank's expansion into Quetta in the month of October was a great achievement as it increased it outreach to another major city of Pakistan. Other network expansions took place in  Rawalpindi with one branch located in Satellite Town, three branches in Karachi, situated at Safoora Goth, Nazimabad and Korangi Industrial Area and one in PIA Co operative Society, Lahore.

The total number of branches has now reached to twenty four with presence in all major cities of Pakistan.

JS Bank launched its first two Bancassurance products in association with EFU Life Assurance Ltd. The products are called "Pehla Qadam" and "Roshan Kal". Pehla Qadam is referred to as the first step for child education and Roshan Kal is for the bright future.

JS Bank has the honor of being the first bank in Pakistan to implement one of the most sophisticated and advanced core banking systems, Temenos T24.This is a shift from the previous SBS system and it will allow the bank to launch new products and provide improved services to its customers.