Askari Bank

Askari Bank Ltd (Urdu: عسکری بینک لیمٹڈ), formerly Askari Commercial Bank, is a commercial and retail bank in Pakistan and is owned by Fauji Foundation

Askari Bank Limited
Native name
عسکری بینک لیمٹڈ
FormerlyAskari Commercial Bank
TypePublic limited company
PSX: AKBL
IndustryFinancial services
Banking
Islamic Banking
Capital markets
Asset management
Founded9 October 1991 (1991-10-09)
HeadquartersRawalpindi, Pakistan
Area served
Pakistan
Key people
Mr. Atif R. Bokhari, President & CEO
ProductsLoans, credit cards, debit cards, savings, Consumer Banking, Business Banking, Islamic Banking, Priority Banking etc.
RevenueIncreaseRs. 970 billion (US$3.4 billion)[1] (2021)
Number of employees
7,478 (2021)[1]
ParentFauji Foundation
Websitewww.askaribank.com

History

It was founded on October 9, 1991, as a public limited company.

On June 21, 2013, the bank was acquired by Fauji Group.[2]

In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary.[3]

Branches

Askari Bank has 560 branches across Pakistan and a wholesale bank branch in Bahrain.[1][3]

  • Lahore
  • Karachi

Products and Services
  • Credit cards
  • Debit cards

Awards and recognitions
  • The Asian Banker awarded twice as “Best Retail Bank in Pakistan” in 2004 and 2005.[4]
  • Askari Bank also has been given the “Best Consumer Internet Bank” award by Global Finance magazine for the years 2002 and 2003.[5]

See also

References
  1. Annual Report 2021 Askari Bank
  2. "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
  3. Profit (2020-09-26). "Askari Securities is now a wholly owned subsidiary of Askari Bank". Profit by Pakistan Today. Retrieved 2020-09-30.
  4. "The Excellence in Retail Financial Services International Awards". asianbankerforums.com.
  5. "Features : The World's Best Internet Banks, 2004". Global Finance Magazine. 6 June 2023.


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