Askari Bank
 | |
Native name | عسکری بینک |
|---|---|
| Formerly | Askari Commercial Bank |
| Company type | Public limited company |
| PSX: AKBL KSE 100 component | |
| Industry | Financial services Banking Islamic Banking Capital markets Asset management |
| Founded | 9 October 1991 |
| Headquarters | Islamabad, Pakistan |
Area served | Pakistan |
Key people | |
| Products | Loans, credit cards, debit cards, savings, Consumer Banking, Business Banking, Islamic Banking, Priority Banking etc. |
| Revenue |  Rs. 72.359 billion (US$250 million) (2023) |
| Rs. 43.01 billion (US$150 million) (2023) | |
| Rs. 21.435 billion (US$74 million) (2023) | |
| Total assets | Rs. 2.124 trillion (US$7.4 billion) (2023) |
| Total equity | Rs. 97.123 billion (US$340 million) (2023) |
| Owner | Fauji Fertilizer Company (64.71%) Fauji Foundation (7.19%) |
Number of employees | 7,881 (2023) |
| Parent | Fauji Fertilizer Company |
| Subsidiaries | Askari Exchange Company Foundation Securities Limited (51%) |
| Website | askaribank |
| Footnotes / references Financials as of 31 December 2023[update] [1] | |
Askari Bank Limited (Urdu: عسکری بینک), formerly Askari Commercial Bank, is a Pakistani commercial and retail bank headquartered in Islamabad.[2] It is a subsidiary of Fauji Fertilizer Company which is part of Fauji Foundation.[3]
History
[edit]Askari Bank was founded in October 1991 as Askari Commercial Bank and a year later it was listed on the Karachi Stock Exchange.[3]
In November 2006, Askari Bank established a wholly-owned asset management firm named Askari Investment Management Limited.[4]
In June 2013, Askari Bank was acquired by Fauji Foundation from Army Welfare Trust.[5]
In January 2017, Askari Bank sold its subsidiary Askari Investment Management to Pak Oman Asset Management for Rs. 551 million.[6]
In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary.[7]
Branches
[edit]Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain.[8]
See also
[edit]References
[edit]- ^ "Askari Bank Annual Report 2023" (PDF). askaribank.com. Retrieved 26 March 2024.
- ^ "Registered Office & Head Office".
- ^ a b 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.
- ^ "Commercial Banks: ASKARI COMMERCIAL BANK LIMITED - Half Year Ended June 30, 2006 (Un-audited)". Brecorder. November 13, 2006.
- ^ "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
- ^ Report, Staff (January 5, 2017). "Pak Oman purchases AIML's 100pc share from Askari Bank". Profit by Pakistan Today.
- ^ 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.
External links
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