Askari Bank Ltd (), formerly Askari Commercial Bank, is a
commercial
Commercial may refer to:
* a dose of advertising conveyed through media (such as - for example - radio or television)
** Radio advertisement
** Television advertisement
* (adjective for:) commerce, a system of voluntary exchange of products and s ...
and
retail bank
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...
in
Pakistan
Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...
and is owned by
Fauji Foundation
Fauji Foundation ( ur, ), lit. ''Soldier Foundation''), (also known as Fauji Group) is a Pakistani conglomerates company which is active in fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial ...
, part of
Pakistan Army
The Pakistan Army (, ) is the Army, land service branch of the Pakistan Armed Forces. The roots of its modern existence trace back to the British Indian Army that ceased to exist following the partition of India, Partition of British India, wh ...
.
History
It was founded on October 9, 1991, as a
public limited company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company ...
.
On June 21, 2013, the bank was acquired by
Fauji Group
Fauji Foundation ( ur, ), lit. ''Soldier Foundation''), (also known as Fauji Group) is a Pakistani conglomerates company which is active in fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial ...
.
In September 2020, Askari Bank it acquired Askari Securities which is now a wholly-owned subsidiary.
Branches
Askari Bank has 560 branches across Pakistan and a wholesale bank branch in
Bahrain
Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an ...
.
Awards and recognitions
* The Asian Banker awarded twice as “Best Retail Bank in Pakistan” in 2004 and 2005.
* Askari Bank also has been given the “Best Consumer Internet Bank” award by Global Finance magazine for the years 2002 and 2003.
See also
*
List of banks in Pakistan
The following is the list of notable banks in Pakistan. State Bank of Pakistan is the Central Bank of Pakistan.
Systemically Important Banks
Domestically Systemically Important Banks
* Habib Bank Limited (HBL)
* National Bank of Pakistan (N ...
References
External links
Askari Bank, official website
Banks established in 1991
Banks of Pakistan
Companies listed on the Pakistan Stock Exchange
Companies based in Rawalpindi
2013 mergers and acquisitions
Fauji Foundation
Pakistani companies established in 1991
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