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Contents

   



(Top)
 


1 History  





2 Branches  





3 Awards and recognitions  





4 See also  





5 References  





6 External links  














Askari Bank






فارسی
Bahasa Indonesia
پنجابی
اردو
 

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Askari Bank Limited

Native name

عسکری بینک لمیٹڈ
FormerlyAskari Commercial Bank
Company typePublic limited company

Traded as

PSXAKBL
IndustryFinancial services
Banking
Islamic Banking
Capital markets
Asset management
Founded9 October 1991; 32 years ago (1991-10-09)
HeadquartersIslamabad, Pakistan

Area served

Pakistan

Key people

  • Atif Riaz Bokhari (CEO)
  • ProductsLoans, credit cards, debit cards, savings, Consumer Banking, Business Banking, Islamic Banking, Priority Banking etc.
    RevenueIncrease Rs. 72.359 billion (US$250 million) (2023)

    Operating income

    Increase Rs. 43.01 billion (US$150 million) (2023)

    Net income

    Increase Rs. 21.435 billion (US$74 million) (2023)
    Total assetsIncrease Rs. 2.124 trillion (US$7.4 billion) (2023)
    Total equityIncrease Rs. 97.123 billion (US$340 million) (2023)
    OwnerFauji Fertilizer Company (43.14%)
    Fauji Fertilizer Bin Qasim (21.57%)
    Fauji Foundation (7.19%)

    Number of employees

    7,881 (2023)
    ParentFauji Foundation
    SubsidiariesAskari Exchange Company
    Foundation Securities Limited (51%)
    Websiteaskaribank.com
    Footnotes / references
    Financials As of 31 December 2023 [1]

    Askari Bank Limited (Urdu: عسکری بینک), formerly Askari Commercial Bank, is a Pakistani commercial and retail bank headquartered in Islamabad.[2] It is owned by Fauji Foundation.

    History[edit]

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

    On June 21, 2013, the bank was acquired by Fauji Group.[3]

    In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary.[4]

    Branches[edit]

    Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain.[5]

    Awards and recognitions[edit]

    See also[edit]

    References[edit]

    1. ^ "Askari Bank Annual Report 2023" (PDF). askaribank.com. Retrieved 26 March 2024.
  • ^ "Head office".
  • ^ "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
  • ^ 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.
  • ^ "The Excellence in Retail Financial Services International Awards". asianbankerforums.com.
  • ^ "Features : The World's Best Internet Banks, 2004". Global Finance Magazine. 6 June 2023.
  • External links[edit]

  • t
  • e

  • Retrieved from "https://en.wikipedia.org/w/index.php?title=Askari_Bank&oldid=1225223763"

    Categories: 
    Fauji Foundation
    Banks established in 1991
    Pakistani companies established in 1991
    Banks of Pakistan
    Companies listed on the Pakistan Stock Exchange
    Companies in the KSE 100 Index
    Companies based in Islamabad
    2013 mergers and acquisitions
    Pakistani company stubs
    Hidden categories: 
    Articles with short description
    Short description matches Wikidata
    Articles containing Urdu-language text
    Articles containing potentially dated statements from December 2023
    All articles containing potentially dated statements
    All stub articles
     



    This page was last edited on 23 May 2024, at 03:27 (UTC).

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