<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Bank Alfalah Limited (BAFL) held its analyst briefing
earlier yesterday, where-in the management discussed the following:</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Deposit base of the bank surpassed the PkR2.0tn mark, up
40%YoY during CY23, primarily led by the expansion of branch network (+130 branches
during CY23). For CY24, management expects deposit growth to range between
15%-20%.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The sharp increase in borrowings, up 85%YoY, is largely due
to treasury repo borrowings (PkR666bn as of CY23). These funds were mainly
allocated to investments, aimed at capturing a positive interest spread through
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