Askari Bank

Askari Bank Limited (Urdu: عسکری بینک), formerly Askari Commercial Bank, is a Pakistani commercial and retail bank headquartered in Islamabad.[2] It is owned by Fauji Foundation.

Askari Bank Limited
Native name
عسکری بینک لمیٹڈ
FormerlyAskari Commercial Bank
Company typePublic limited company
PSX: AKBL
IndustryFinancial services
Banking
Islamic Banking
Capital markets
Asset management
Founded9 October 1991 (1991-10-09)
HeadquartersIslamabad, Pakistan
Area served
Pakistan
Key people
ProductsLoans, credit cards, debit cards, savings, Consumer Banking, Business Banking, Islamic Banking, Priority Banking etc.
Revenue Rs. 72.359 billion (US$250 million) (2023)
Rs. 43.01 billion (US$150 million) (2023)
Rs. 21.435 billion (US$74 million) (2023)
Total assets Rs. 2.124 trillion (US$7.4 billion) (2023)
Total equity Rs. 97.123 billion (US$340 million) (2023)
OwnerFauji Fertilizer Company (43.14%)
Fauji Fertilizer Bin Qasim (21.57%)
Fauji Foundation (7.19%)
Number of employees
7,881 (2023)
ParentFauji Foundation
SubsidiariesAskari Exchange Company
Foundation Securities Limited (51%)
Websiteaskaribank.com
Footnotes / references
Financials As of 31 December 2023 [1]

History

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

On June 21, 2013, the bank was acquired by Fauji Group.[3]

In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary.[4]

Branches

Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain.[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. "Askari Bank Annual Report 2023" (PDF). askaribank.com. Retrieved 26 March 2024.
  2. "Head office".
  3. "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
  4. Profit (2020-09-26). "Askari Securities is now a wholly owned subsidiary of Askari Bank". Profit by Pakistan Today. Retrieved 2020-09-30.
  5. "Askari Bank Annual Report 2022" (PDF). Askari Bank. 31 December 2022. Retrieved 22 November 2023.
  6. "The Excellence in Retail Financial Services International Awards". asianbankerforums.com.
  7. "Features : The World's Best Internet Banks, 2004". Global Finance Magazine. 6 June 2023.
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