 | |
| Native name | عسکری بینک |
|---|---|
| Formerly | Askari Commercial Bank |
| Company type | Public limited company |
| Traded as | PSX: AKBL KSE 100 component |
| Industry | Financial services Banking Islamic Banking Capital markets Asset management |
| Founded | 9 October 1991; 33 years ago (1991-10-09) |
| Headquarters | Islamabad, 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) (2023) |
| Operating income | Rs. 43.01 billion (US$150 million) (2023) |
| Net income | 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) |
| Owner | Fauji Fertilizer Company (64.71%) Fauji Foundation (7.19%) |
| Number of employees | 7,881 (2023) |
| Parent | Fauji Fertilizer Company |
| Subsidiaries | Askari Exchange Company Foundation Securities Limited (51%) |
| Website | askaribank |
| Footnotes / references Financials as of 31 December 2023 | |
Askari Bank Limited (Urdu pronunciation: [əs.ˈka.ri bɛŋk] us-KAH-ree-BANK) is a Pakistani commercial and retail bank headquartered in Islamabad. It is a subsidiary of Fauji Fertilizer Company which is part of Fauji Foundation.
History
Askari Bank was founded in October 1991 as Askari Commercial Bank and a year later it was listed on the Karachi Stock Exchange.
In November 2006, Askari Bank established a wholly-owned asset management firm named Askari Investment Management Limited.
In June 2013, Askari Bank was acquired by Fauji Foundation from Army Welfare Trust.
In January 2017, Askari Bank sold its subsidiary Askari Investment Management to Pak Oman Asset Management for Rs. 551 million.
In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary.
Branches
Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain.
See also
References
- "Askari Bank Annual Report 2023" (PDF). askaribank.com. Retrieved 26 March 2024.
- "Registered Office & Head Office".
- ^ 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.
- "Commercial Banks: ASKARI COMMERCIAL BANK LIMITED - Half Year Ended June 30, 2006 (Un-audited)". Brecorder. November 13, 2006.
- "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
- Staff Report (January 5, 2017). "Pak Oman purchases AIML's 100pc share from Askari Bank". Profit by Pakistan Today.
- 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.
External links
| Fauji Foundation | |
|---|---|
| Managing directors | |
| Businesses | |
| Education | |
| Healthcare | |
 Banking in Pakistan | |||||
|---|---|---|---|---|---|
| Central bank | |||||
| Big Four | |||||
| Commercial banking |
| ||||
| Microfinance | |||||
| Islamic banking | |||||
| House building | |||||
| Savings Bank | |||||
| Foreign banks | |||||
| Defunct banks | |||||
| See also | |||||
 Category | |||||
 | This Pakistani corporation or company article is a stub. You can help Misplaced Pages by expanding it. |