Askari Bank

Askari Bank Limited

Traded as	KSE: AKBL
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
Net income	Rs 4.015 Billion PKR (2014)
Total assets	Rs. 447 Billion PKR (2014)^[1]
Website	www.akbl.com.pk

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.^[2] The Bank is listed on the Karachi, Lahore & Islamabad Stock Exchanges. The bank acquired its license (License No. BL-7) under section 27 of Banking Companies Ordinance, 1962 from State Bank of Pakistan on 13th February, 1992. The License was issued by Mr. Saeed Haider Bhatti, Senior Deputy Director, Central Directorate, State Bank of Pakistan.^[3]

Awards and recognitions

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

Locations of Askari Bank Ltd branches in Pakistan

Consumer banking

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

Islamic banking

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

Branch banking

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

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

Corporate & investment banking

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

ATM
Call center
I-Net banking
Phone Banking
Mobile Banking

References

↑ Askari Financials 2014
↑ "Fauji Foundation to acquire Askari Bank’s 100pc shares". The Nation. 19 January 2012.
↑ akbl.com.pk/wp-content/uploads/2014/12/BANK-LICENCE.pdf
↑ "The Excellence in Retail Financial Services International Awards". asianbankerforums.com.
↑ "Features : The World’s Best Internet Banks, 2004". Global Finance Magazine.

Banking in Pakistan

Central bank	State Bank of Pakistan

Big Four	HBL Pakistan MCB Bank Limited National Bank of Pakistan United Bank Limited Pakistan

Commercial banking	Allied Bank Limited Askari Bank Atlas Bank Bank AL Habib Bank Alfalah Bank of Khyber Bank of Punjab Faysal Bank First Women Bank Habib Metropolitan Bank Industrial Development Bank JS Bank NIB Bank Sindh Bank Soneri Bank Summit Bank Zarai Taraqiati Bank Limited

Microfinance banking	First Micro Finance Bank Khushhali Bank NRSP Microfinance Bank Tameer Microfinance Bank Limited

Islamic banking	BankIslami Pakistan Burj Bank Dubai Islamic Bank Pakistan Limited Meezan Bank

Foreign banks	Barclays HSBC Bank Middle East Royal Bank of Scotland Standard Chartered Pakistan

Defunct banks	Bank of Credit and Commerce International KASB Bank MyBank PICIC Commercial Bank Union Bank

See also	List of banks in Pakistan Pakistan Remittance Initiative Pakistani bankers Institute of Bankers Pakistan National Institute of Banking and Finance

Category

Pakistan Armed Forces

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Wars and conflicts	Indo-Pakistani War of 1947 / 1965 / 1971 Bangladesh Liberation War 1970s Baloch insurgency Siachen conflict Kargil War War in North-West Pakistan

Related	Cabinet Committee on National Security Commander-in-Chief President of Pakistan Defense industry of Pakistan Air Weapons Complex Defence Science and Technology Organisation Global Industrial Defence Solutions Heavy Industries Taxila Institute of Optronics Integrated Defence Systems Integrated Dynamics Karachi Shipyard and Engineering Works Khan Research Laboratories Marine Systems Limited National Development Complex National Engineering and Scientific Commission Pakistan Aeronautical Complex Pakistan Ordnance Factories SATUMA Wah Metallurgical Laboratory Inter-Services Intelligence Director General of the Inter-Services Intelligence Khyber Border Coordination Center Ministry of Defence Minister of Defence National Security Council Women in the Pakistan Armed Forces

Category Air Force Army Navy Portal

KSE-30 companies of Pakistan

Adamjee Insurance Arif Habib Corporation Limited Askari Bank Attock Petroleum Attock Refinery Bank Al-Falah Bank Al-Habib D.G. Khan Cement Engro Corporation Engro Foods Fatima Fertilizer Fauji Fertilizer Bin Qasim Fauji Fertilizer Company Limited HBL Pakistan Hub Power Company ICI Pakistan JS Group Kot Addu Power Company Lucky Cement MCB Bank Limited Millat Tractors National Bank of Pakistan National Refinery Nishat Mills Oil and Gas Development Company Pakistan Oilfields Pakistan Petroleum Pakistan State Oil Pakistan Telecommunication Company Ltd TRG Pakistan United Bank Limited Pakistan

As of July 2013

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