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 |
| 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 |
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. 78.721 billion (US$280 million) (2024) |
 Rs. 42.70 billion (US$150 million) (2024) | |
| Rs. 21.022 billion (US$75 million) (2024) | |
| Total assets | Rs. 2.498 trillion (US$8.9 billion) (2024) |
| Total equity | Rs. 121.629 billion (US$440 million) (2024) |
| Owner | Fauji Consortium (71.91%) |
Number of employees | 8,269 (2024) |
| Subsidiaries | Askari Exchange Company Foundation Securities Limited (51%) |
| Website | askaribank |
| Footnotes / references Financials as of 31 December 2024[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]
