Traded As: | KSE 100 component |
Askari Bank Limited | |
Native Name: | Urdu: عسکری بینک |
Former Name: | Askari Commercial Bank |
Type: | Public limited company |
Location: | Islamabad, Pakistan |
Num Employees: | 7,881 |
Industry: | Financial services Banking Islamic Banking Capital markets Asset management |
Area Served: | Pakistan |
Products: | Loans, credit cards, debit cards, savings, Consumer Banking, Business Banking, Islamic Banking, Priority Banking etc. |
Assets Year: | 2023 |
Equity Year: | 2023 |
Revenue Year: | 2023 |
Num Employees Year: | 2023 |
Parent: | Fauji Fertilizer Company |
Income Year: | 2023 |
Net Income Year: | 2023 |
Owner: | Fauji Fertilizer Company (64.71%) Fauji Foundation (7.19%) |
Subsid: | Askari Exchange Company Foundation Securities Limited (51%) |
Footnotes: | Financials [1] |
Askari Bank Limited (ur|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]
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 .[6]
In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary.[7]
Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain.[8]