Askari Bank

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Askari Bank Limited
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 34.6 Billion, 2014
IncreaseRs 4.015 Billion PKR (2014)
Total assets Rs. 447 Billion PKR (2014)[1]

Askari Bank Ltd (Urdu: عسکری بینک‎) (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.[3] The Bank is listed on the Pakistan Stock Exchange and was also listed on the stock exchanges of Karachi, Lahore and Islamabad before their merger to form the single unified Pakistan Stock Exchange. The bank acquired its license (License No. BL-7) under s.27 of Banking Companies Ordinance, 1962 from State Bank of Pakistan on 13th February, 1992.

Awards and recognitions[edit]

  • The Asian Banker awarded twice as “Best Retail Bank in Pakistan” in 2004 and 2005.[4]
  • Askari Bank also has been given the “Best Consumer Internet Bank” award by Global Finance magazine for the years 2002 and 2003.[5]

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
  • Value Plus Business

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
  • Phone Banking
  • Mobile Banking

See also[edit]