JS Bank and CERP Partner for Low Cost School Financing Evaluations

9th May, 2019: In its continuing drive to drive development across the country, JS Bank, one of Pakistan’s fastest growing financial institutions has partnered with the Centre of Economic Research Pakistan (CERP), to enable access to financial offerings for low-cost schools.

Under the terms of this partnership, the two institutions will work together to evaluate schools located nationwide based on predefined data parameters for risk analytics and credit line approvals. With education being a key foundation for future growth and prosperity, the core objective here is to match schools to the financial products and services they need, in order for them to be able to improve quality of education and services.

Reflecting upon the partnership, Syed Imtiaz Bokhari, Business Head – JS Bank stated, “Through this partnership, we will be able to undertake collective efforts to drive development of the education sector in Pakistan. I am confident that CERP’s quantitative research methods and data insights combined with JS Bank’s diverse financial product offerings will enable us to provide top-notch services to this vital sector thereby improving the quality of education within Pakistan.”

Maroof A. Syed, CEO – CERP, expressed his optimism about the future of this partnership and commented “It’s very encouraging to see collaboration between rigorous research and the private sector to address crucial market frictions. I really appreciate JS Bank’s initiative and hope others follow suit.”

By undertaking such cross functional partnerships, JS Bank remains committed towards providing innovative, cost efficient and value adding products and services to its customers.

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About JS Bank:

JS Bank is one of the fastest growing banks in Pakistan, with 345 branches in 172 cities including one international branch. The Bank is a leader in the digital banking space and distribution of insurance solutions. JS Bank has received the prestigious Asiamoney Award for ‘Best Bank for SMEs’ as well as the award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards. The Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, please visit http://www.jsbl.com.

About CERP:

The Centre for Economic Research in Pakistan, or CERP, is a leading independent nonpartisan policy institution focused on improving decision making in Pakistan through evidence informed research, survey, analytics, executive education and advisory. CERP brings an emphasis on generating and analyzing high-quality evidence which feeds into governmental, non-governmental, and private-sector operations, informing the design of high-impact reform. www.cerp.org.pk

JS Bank has established a partnership with Centre of Economic Research Pakistan (CERP), to enable access to financial offerings for low-cost schools. The agreement was signed by Syed Imtiaz Bokhari, Business Head – JS Bank and Maroof A. Syed, CEO – CERP along with other respective team members.