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.
 | |
Native name | عسکری بینک لمیٹڈ |
|---|---|
| Formerly | Askari Commercial Bank |
| Company type | Public limited company |
| PSX: AKBL | |
| Industry | Financial services Banking Islamic Banking Capital markets Asset management |
| Founded | 9 October 1991 |
| Headquarters | Rawalpindi-46000, Pakistan |
Area served | Pakistan |
Key people | |
| Products | Loans, credit cards, debit cards, savings, Consumer Banking, Business Banking, Islamic Banking, Priority Banking etc. |
| Revenue |  Rs. 72.359 billion (US$250 million)[1] (2023) |
| Rs. 42.045 billion (US$150 million)[1] (2023) | |
| Rs. 21.435 billion (US$74 million)[1] (2023) | |
| Total assets | Rs. 2.124 trillion (US$7.4 billion)[1] (2023) |
| Total equity | Rs. 97.123 billion (US$340 million)[1] (2023) |
Number of employees | 7,881[1] (2023) |
| Parent | Fauji Foundation |
| Website | www |
History edit
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 edit
Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain.[4]
Awards and recognitions edit
See also edit
References edit
- ^ a b c d e f "Askari Bank Annual Report 2023" (PDF). askaribank.com. Retrieved 26 March 2024.
- ^ "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
- ^ Profit (2020-09-26). "Askari Securities is now a wholly owned subsidiary of Askari Bank". Profit by Pakistan Today. Retrieved 2020-09-30.
- ^ "Askari Bank Annual Report 2022" (PDF). Askari Bank. 31 December 2022. Retrieved 22 November 2023.
- ^ "The Excellence in Retail Financial Services International Awards". asianbankerforums.com.
- ^ "Features : The World's Best Internet Banks, 2004". Global Finance Magazine. 6 June 2023.
External links edit
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