First Credit and Investment Bank Limited Holds Board Meeting
First Credit and Investment Bank Limited (FCIBL) convened its board of directors to review quarterly performance and approve upcoming strategic initiatives.
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Open on PSX## Board Meeting Overview
On 9 September 2026, First Credit and Investment Bank Limited (FCIBL) held a board of directors meeting at its corporate headquarters in Karachi. The meeting was chaired by the Chairman, Mr. Ahmed Khan, and attended by all non‑executive and executive directors.
## Key Agenda Items
- Quarterly Financial Review: The board examined the bank’s Q2 2026 financial statements, noting a modest increase in net interest income and a stable cost‑to‑income ratio. - Capital Adequacy: The board approved a proposal to raise additional Tier‑1 capital through a rights issue, aiming to strengthen the bank’s capital base ahead of upcoming regulatory reviews. - Digital Banking Expansion: Directors endorsed a strategic plan to launch new mobile banking features and partner with fintech firms to enhance customer experience. - Risk Management: The Risk Committee presented an updated risk framework focusing on credit risk monitoring and compliance with Shariah governance standards. - Dividend Policy: The board recommended a dividend payout of 15% of the year‑end profit, subject to shareholder approval at the upcoming Annual General Meeting.
## Statements
Chairman Ahmed Khan emphasized the bank’s commitment to sustainable growth and adherence to Shariah principles, stating that the approved initiatives are expected to improve profitability while maintaining prudent risk controls.
## Outlook
The board’s decisions are projected to support FCIBL’s earnings trajectory and reinforce its position within the Pakistani banking sector. Shareholders will receive detailed disclosures in the forthcoming quarterly report.
## Regulatory Compliance
All resolutions were passed in accordance with the Companies Act 2017 and the Securities and Exchange Commission of Pakistan (SECP) regulations.