KARACHI (APP) - Samba Bank Limited (SBL) has opened a new branch in Haidri Market in Karachi. An announcement on Wednesday said that the branch was inaugurated by Farhat A. Mirza, Independent Director of SBL in the presence of Tawfiq A. Husain, President and CEO, other directors and senior management of the Bank. Commenting on the occasion, Tawfiq A. Husain, President and CEO, Samba Bank Limited said that the Bank is constantly endeavouring to improve its footprint, while developing and promoting its alternate distribution channels. This, along with the planned regular launch of new products, will enhance SBLs value proposition to its customers and facilitate in expanding our customer base, which is important for the development of our franchise, he added. It was pointed out that the Samba Bank Limited is 80.68pc owned by Samba Financial Group, Kingdom of Saudi Arabia, which itself is rated Aa3 by Moodys Investors Service.