Askari Bank

Askari Bank Limited

Traded as	KSE: AKBL
Industry	Financial services
Founded	October 9, 1991
Headquarters	Rawalpindi, Pakistan
Key people	President & chief executive Syed M. Husaini
Products	Banking
Revenue	34.6 Billion, 2014
Net income	Rs 4.015 Billion PKR (2014)
Total assets	Rs. 447 Billion PKR (2014)[1]
Website	www.akbl.com.pk

Askari Bank Ltd (Urdu: عسکری بینک‎) (formerly Askari Commercial Bank) is a commercial and retail bank in Pakistan It was founded on October 9, 1991, as a Public Limited Company. On June 21, 2013 the bank was acquired by Fauji Group.^[2] The Bank is listed on the Pakistan Stock Exchange and was also listed on the stock exchanges of Karachi, Lahore and Islamabad before their merger to form the single unified Pakistan Stock Exchange. The bank acquired its license (License No. BL-7) under s.27 of Banking Companies Ordinance, 1962 from State Bank of Pakistan on 13th February, 1992. The license was issued by Mr. Saeed Haider Bhatti.

Awards and recognitions

• The Asian Banker awarded twice as “Best Retail Bank in Pakistan” in 2004 and 2005.^[3]
• Askari Bank also has been given the “Best Consumer Internet Bank” award by Global Finance magazine for the years 2002 and 2003.^[4]

Products and services

Locations of Askari Bank Ltd branches in Pakistan

Consumer banking

• ASK 4 CAR
• ASKCARD (Askari debit card)
• Master card
• Mortgage finance
• Personal finance
• PayPak

Islamic banking

• Declared weight ages
• Deposit schemes
• Home Musharakah
• Ijarah Bi Sayyarah
• Profit rates

Branch banking

• Deposit multiplier account
• Investment certificates
• Mahana bachat account
• Paishgi munafa account
• Roshan mustaqbil deposit
• Rupee traveler cheques
• Value plus deposits
• Value Plus Business

Agriculture banking

• Kissan aabpashi finance
• Kissan evergreen finance
• Kissan farm mechanization finance
• Kissan tractor finance
• Kissan livestock development finance

Corporate & investment banking

• Bill discounting
• Export financing
• Fund transfers/remittances
• Letters of credit
• Letters of guarantee
• Receivable discounting
• Structured trade finance facilities
• Term loans
• Working capital facilities

Alternate delivery channels

• ATM
• Call center
• I-Net banking
• Phone Banking
• Mobile Banking

See also

• List of banks
• List of banks in Pakistan

References

1. Askari Financials 2014
2. "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
3. "The Excellence in Retail Financial Services International Awards". asianbankerforums.com.
4. "Features : The World's Best Internet Banks, 2004". Global Finance Magazine.