Askari Bank

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Askari Bank Limited عسکری بینک لیمٹڈ
FormerlyAskari Commercial Bank
TypePublic limited company
PSX: AKBL
IndustryBanking
Islamic Banking
Founded9 October 1991; 31 years ago (1991-10-09)
HeadquartersRawalpindi, Pakistan
Area served
Pakistan
Key people
Mr. Atif R. Bokhari, President & CEO (23 Aug 2021)
ProductsLoans, credit cards, debit cards, savings, Consumer Banking, Business Banking, Islamic Banking, Priority Banking etc.
RevenueIncreaseRs. 970 billion (US$4.2 billion)[1] (2021)
Number of employees
7,478 (2021)[2]
ParentFauji Foundation
Websitewww.askaribank.com

Askari Bank Ltd (عسکری بینک لیمٹڈ) (formerly Askari Commercial Bank) is a commercial and retail bank in Pakistan and is owned by Fauji Foundation.[3][4]

History

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

On June 21, 2013, the bank was acquired by Fauji Group.[5]

In September 2020, Askari Bank it acquired Askari Securities which is now a wholly-owned subsidiary.[6]

Branches

Askari Bank has 560 branches across Pakistan and a wholesale bank branch in Bahrain.[7][6]

  • Lahore
  • Karachi

Awards and recognitions

  • The Asian Banker awarded twice as “Best Retail Bank in Pakistan” in 2004 and 2005.[8]
  • Askari Bank also has been given the “Best Consumer Internet Bank” award by Global Finance magazine for the years 2002 and 2003.[9]

See also

External Links

References

  1. ^ https://askaribank.com/wp-content/uploads/2022/02/Askari-AR-2021-Final.pdf[bare URL PDF]
  2. ^ https://askaribank.com/wp-content/uploads/2022/02/Askari-AR-2021-Final.pdf[bare URL PDF]
  3. ^ 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.
  4. ^ 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.
  5. ^ "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
  6. ^ a b Profit (2020-09-26). "Askari Securities is now a wholly owned subsidiary of Askari Bank". Profit by Pakistan Today. Retrieved 2020-09-30.
  7. ^ https://askaribank.com/wp-content/uploads/2022/02/Askari-AR-2021-Final.pdf[bare URL PDF]
  8. ^ "The Excellence in Retail Financial Services International Awards". asianbankerforums.com.
  9. ^ "Features : The World's Best Internet Banks, 2004". Global Finance Magazine.


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