KASB Bank explained

KASB Bank
Type:Private
Founder:Khadim Ali Shah Bukhari
Successor:BankIslami Pakistan
Defunct:2015
Fate:Acquired by BankIslami Pakistan
Location:Karachi, Pakistan
Industry:Banking

KASB Bank was a Pakistani bank which was founded by Khadim Ali Shah Bukhari. The bank was headquartered in Karachi, Pakistan.[1] It is worked under the KASB Group of Companies. KASB Group is the oldest capital markets business in Pakistan, established in 1952 by Khadim Ali Shah Bukhari. KASB Group has business interests in financial services (KASB Securities, KTrade, KASB Modarba), Real Estate (KASB Tower), Education (KASB Institute of Technology), agriculture and media (Play TV).

On 7 May 2015, the bank underwent a strategic merger with Bank Islami, a move necessitated by financial difficulties that had been impacting operations. This consolidation aimed to strengthen the bank's financial footing, enhance its services, and better position it for long-term success.[2]

External links

Notes and References

  1. Web site: Kasb Bank Limited (Islamabad) Company Profile - Pakistan | Contacts & Key Executives | EMIS.
  2. Web site: KASB BANK LTD (KASBB:PA): Stock Quote & Company Profile - BusinessWeek . investing.businessweek.com . dead . https://web.archive.org/web/20100607060541/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=KASBB:PA . 2010-06-07.