| Bank of Azad Jammu & Kashmir | |
| Type: | Government-owned |
| Location: | Muzaffarabad, Azad Kashmir |
| Key People: | Mr. Shahid Shahzad Mir [1] President & CEO |
| Products: | Bank Loans, credit cards, savings accounts, consumer banking etc. |
| Assets: | Q3 FY22 |
Bank of Azad Jammu & Kashmir is the state-owned bank of Government of Azad Kashmir which is based in Muzaffarabad, Azad Kashmir.[2] [3] It was founded in 2005.[3] [4]
BAJK is a fast growing commercial bank operating across the state of Azad Jammu & Kashmir with a network of 84 branches.[5] The Bank is a wholly owned corporate entity of the Govt. of Azad Jammu & Kashmir mandated to mobilize private savings and public funds for diverting them to productive channels; promote industrial, agriculture, rural micro financing and other socio economic activities through active participation of private and public sectors and help under-developed areas, create employment opportunities and to assist overseas Kashmiris to effectively and profitably invest their savings in the State. The bank has a number of liability and assets products customised to fulfils the banking needs of people. The Bank believes that equal access to resources in the economy is smart economics and a powerful means of poverty reduction and a path to faster socio economic development. That is why the Bank has launched an innovative scheme of microfinance for those who have limited or no access to financial resources.[6]
The total assets value of the bank reached the highest level in the first six months of the 2022 calendar year, hence setting a record in the institutions 15-year history.[7]