Askari Bank

Askari Bank Ltd (عسکری بینک لیمٹڈ), formerly Askari Commercial Bank, is a commercial and retail bank in Pakistan and is owned by Fauji Foundation, part of Pakistan Army.[2][3]

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.[4]

In September 2020, Askari Bank it acquired Askari Securities which is now a wholly-owned subsidiary.[5]

Branches

Askari Bank has 560 branches across Pakistan and a wholesale bank branch in Bahrain.[1][5]

Awards and recognitions
  • The Asian Banker awarded twice as “Best Retail Bank in Pakistan” in 2004 and 2005.[6]
  • Askari Bank also has been given the “Best Consumer Internet Bank” award by Global Finance magazine for the years 2002 and 2003.[7]

See also

References
  1. Annual Report 2021 Askari Bank
  2. Baker, Raymond (2005). Capitalism's Achilles heel: Dirty Money and How to Renew the Free-market System. John Wiley and Sons. pp. 82–83. ISBN 978-0-471-64488-0. Retrieved 30 July 2017.
  3. Masooma, Syeda (May 6, 2019). "Will Askari Bank's new CEO succeed in his desire to shake the bank out of its stupor?". Profit by Pakistan Today.
  4. "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
  5. Profit (2020-09-26). "Askari Securities is now a wholly owned subsidiary of Askari Bank". Profit by Pakistan Today. Retrieved 2020-09-30.
  6. "The Excellence in Retail Financial Services International Awards". asianbankerforums.com.
  7. "Features : The World's Best Internet Banks, 2004". Global Finance Magazine.


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