Askari Bank
Commercial bank in Pakistan
From Wikipedia, the free encyclopedia
Askari Bank Limited (Urdu pronunciation: [əs.ˈka.ri bɛŋk] us-KAH-ree-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]
 | |
Native name | عسکری بینک |
|---|---|
| Formerly | Askari Commercial Bank |
| 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 |
Number of locations | 720 (2024) |
Area served | Pakistan |
| Key people | |
| Products | Loans, credit cards, debit cards, savings, Consumer Banking, Business Banking, Islamic Banking, Priority Banking etc. |
| Revenue |  Rs. 105.18 billion (US$380 million) (2025) |
| Rs. 55.10 billion (US$200 million) (2025) | |
| Rs. 22.80 billion (US$82 million) (2025) | |
| Total assets | Rs. 2.89 trillion (US$10 billion) (2025) |
| Total equity | Rs. 151.74 billion (US$540 million) (2025) |
| Owner | Fauji Consortium (71.91%) |
Number of employees | 9,163 (2025) |
| Subsidiaries | Askari Exchange Company Foundation Securities Limited (51%) |
| Website | askaribank |
| Footnotes Financials as of 31 December 2025[update] [1] | |
History
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]
