Askari Bank Limited (Urdu ：عسکری بینک）， formerly known as Askari Commercial Bank, is a Pakistani commercial and retail bank headquartered in Islamabad. It is owned by the Fauji Foundation.
History
It was established on October 9, 1991 and is a public limited company.
On June 21, 2013, the bank was acquired by Fauji Group.
In September 2020, Askari Bank acquired Askari Securities, which is now a wholly owned subsidiary.
Branch
Askari Bank has 600 branches and over 500 ATMs in Pakistan, as well as a wholesale bank branch in Bahrain.
Awards and Honors
- The Asian Banker won the "Best Retail Bank in Pakistan" award twice in 2004 and 2005.
- Askari Bank was also awarded the "Best Consumer Internet Bank" award by Global Finance magazine in 2002 and 2003.
Local Name عسکری بینک Formerly Askari Commercial Banking Company Type Public Limited Trading Name PSX: AKBLKSE 100 Components Industrial Financial Services Bank Islamic Banking Capital Markets Asset Management Established 9 October 1991; 32 years ago Headquarters Pakistan, Islamabad Service Area Pakistan point person Waqar Ahmed Malik (Chairperson) Atif Riaz Bokhari (CEO)) Products Loans, Credit Cards, Debit Cards, Savings, Personal Banking, Commercial Banking, Islamic Banking, Priority Banking, etc. Revenue Rs 723.59 (USD 250 million) (2023) Operating profit Rs 430.1 (USD 150 million) (2023) Net income Rs 214.35 (USD 74 million) (2023) Total assets Rs 2.124 trillion (USD 7.40 billion) (2023) Total equity Rs 971.23 (USD 340 million) (2023) Owner Fauji Fertilizer Company (43.14%) Fauji Fertilizer Bin Qasim (21.57%) Fauji Foundation (7.19%) Number of employees 7,881 (2023) Parent Fauji Foundation Subsidiary Askari Exchange CompanyFoundation Securities Limited (51%) Website AS Cary bank.com
