Jump to content

Askari Bank

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 92.16.44.93 (talk) at 23:54, 24 March 2024 (External links). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Askari Bank Limited
Native name
عسکری بینک لمیٹڈ
FormerlyAskari Commercial Bank
Company typePublic limited company
PSXAKBL
IndustryFinancial services
Banking
Islamic Banking
Capital markets
Asset management
Founded9 October 1991; 33 years ago (1991-10-09)
HeadquartersRawalpindi-46000, Pakistan
Area served
Pakistan
Key people
ProductsLoans, credit cards, debit cards, savings, Consumer Banking, Business Banking, Islamic Banking, Priority Banking etc.
RevenueIncrease Rs. 51.582 billion (US$180 million)[1] (2022)
Increase Rs. 27.459 billion (US$95 million)[1] (2022)
Increase Rs. 14.062 billion (US$49 million)[1] (2022)
Total assetsIncrease Rs. 1.526 trillion (US$5.3 billion)[1] (2022)
Number of employees
7,348[1] (2022)
ParentFauji Foundation
Websitewww.askaribank.com

Askari Bank Ltd (Urdu: عسکری بینک لیمٹڈ), formerly Askari Commercial Bank, is a commercial and retail bank in Pakistan and is owned by Fauji Foundation.

History

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

On June 21, 2013, the bank was acquired by Fauji Group.[2]

In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary.[3]

Branches

Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain.[4]

Awards and recognitions

  • The Asian Banker awarded twice as “Best Retail Bank in Pakistan” in 2004 and 2005.[5]
  • Askari Bank also has been given the “Best Consumer Internet Bank” award by Global Finance magazine for the years 2002 and 2003.[6]

See also

References

  1. ^ a b c d e f "Askari Bank Annual Report 2022" (PDF). askaribank.com. Retrieved 22 November 2023.
  2. ^ "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
  3. ^ Profit (2020-09-26). "Askari Securities is now a wholly owned subsidiary of Askari Bank". Profit by Pakistan Today. Retrieved 2020-09-30.
  4. ^ "Askari Bank Annual Report 2022" (PDF). Askari Bank. 31 December 2022. Retrieved 22 November 2023.
  5. ^ "The Excellence in Retail Financial Services International Awards". asianbankerforums.com.
  6. ^ "Features : The World's Best Internet Banks, 2004". Global Finance Magazine. 6 June 2023.