Askari Bank

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Askari Bank Limited
Type Public limited company
Traded as KSEAKBL
Industry Financial services
Founded October 9, 1991 (1991-10-09)
Headquarters Rawalpindi, Pakistan
Key people President & chief executive
Syed M. Husaini
Products Banking
Revenue Unknown as of June 30,2013
Net income DecreaseRs 4.10 billion PKR (June 30, 2013)
Total assets Rs. 254,32 billion PKR (2009)[1]
Website www.askaribank.com.pk

Askari Bank Ltd (Urdu: عسكری بينك‎) (formerly Askari Commercial Bank) is a commercial and retail bank in Pakistan It was founded on October 9, 1991, as a Public Limited Company. On June 21, 2013 the bank was acquired by Fauji Group.[2] The Bank is listed on the Karachi, Lahore & Islamabad Stock Exchanges.

Awards and recognitions[edit]

  • The Asian Banker awarded twice as “Best Retail Bank in Pakistan” in 2004 and 2005.[3]
  • Askari Bank also has been given the “Best Consumer Internet Bank” award by Global Finance magazine for the years 2002 and 2003.[4]

Products and services[edit]

Locations of Askari Bank Ltd branches in Pakistan

Consumer banking[edit]

  • ASK 4 CAR
  • ASKCARD (Askari debit card)
  • Master card
  • Mortgage finance
  • Personal finance

Islamic banking[edit]

  • Declared weight ages
  • Deposit schemes
  • Home Musharakah
  • Ijarah Bi Sayyarah
  • Profit rates

Branch banking[edit]

  • Deposit multiplier account
  • Investment certificates
  • Mahana bachat account
  • Paishgi munafa account
  • Roshan mustaqbil deposit
  • Rupee traveler cheques
  • Value plus deposits

Agriculture banking[edit]

  • Kissan aabpashi finance
  • Kissan evergreen finance
  • Kissan farm mechanization finance
  • Kissan tractor finance
  • Kissan livestock development finance

Corporate & investment banking[edit]

  • Bill discounting
  • Export financing
  • Fund transfers/remittances
  • Letters of credit
  • Letters of guarantee
  • Receivable discounting
  • Structured trade finance facilities
  • Term loans
  • Working capital facilities

Alternate delivery channels[edit]

  • ATM
  • Call center
  • I-Net banking

References[edit]