BankIslami posts pre-tax profit of PKR 1,006 Million

BankIslami Pakistan Limited (‘BankIslami’), and Ria Money Transfer (‘Ria’), the third largest money transfer company in the world, have partnered to offer money transfer payout services in Pakistan through Bankislami’s 317 branches across 93 cities.

This agreement allows customers from all over the world to send money to their beneficiaries in Pakistan through BankIslami, with greater convenience for their family and friends. Beneficiaries can now collect cash in minutes from BankIslami branches across Pakistan without the need for an account, while account holders can also receive funds directly to their account.

Hasan A. Bilgrami, CEO of BankIslami, said, “Through this partnership, BankIslami will provide beneficiaries of Ria with easy collection of remittances from our 317 branches nationwide. We welcome Ria on board.”

Juan Bianchi, CEO and President of Ria Money Transfer, added, “Ria is pleased to welcome BankIslami as our newest partner in Pakistan. Ria strives to provide fast, secure and affordable money transfer services for customers to send money home to their loved ones. With BankIslami, we’re able to serve more people looking for a convenient and reliable remittance service.”