Published July 11, 2026 Updated about 3 hours ago By Recorder Report KARACHI: Bank Alfalah Limited (BAFL) has raised Rs20 billion through the issuance of an AAA-rated Tier 2 Term Finance Certificate (TFC), marking the largest TFC issuance in Pakistan’s banking industry and the Bank’s first AAA-rated TFC, officials said on Friday. The successful issuance follows approval from the State Bank of Pakistan (SBP) and received strong participation from institutional investors, reflecting the market’s confidence in BAFL’s financial strength, sound governance and long-term growth strategy. According to bank, issued under the Basel III regulatory framework, this Tier 2 Issue is a key element of the Bank’s growth strategy and will further complement the Growth Capital allowing the bank to continue its aggressive growth strategy particularly in SME, ESG initiatives and the consumer segment. The transaction will allow the bank to increase its core profitability and enhance long term shareholder returns. The issuance builds on BAFL’s strong financial performance and disciplined balance sheet…