Askari Bank

Askari Bank Ltd (Urdu: عسکری بینک‎) (formerly Askari Commercial Bank) is a commercial and retail bank in Pakistan and is owned by Fauji Foundation.[2]

Askari Bank Limited

Formerly	Askari Commercial Bank
Type	Public limited company
Traded as	PSX: AKBL
Industry	Banking
Founded	October 9, 1991 (1991-10-09)
Headquarters	Rawalpindi, Pakistan
Key people	Mr. Abid Sattar, President & CE
Number of employees	7,279 (2009)[1]
Parent	Fauji Foundation
Website	www.askaribank.com

It was founded on October 9, 1991, as a Public Limited Company. On June 21, 2013, the bank was acquired by Fauji Group.[3] The Bank is listed on the Pakistan Stock Exchange (PSX) and was also listed on the stock exchanges of Karachi, Lahore and Islamabad before their merger to form the single unified Pakistan Stock Exchange (PSX). The bank acquired its license (License No. BL-7) under s.27 of Banking Companies Ordinance, 1962 from State Bank of Pakistan on 13 February 1992. The license was issued by Mr. Saeed Haider Bhatti.

Locations of Askari Bank Ltd branches in Pakistan

Awards and recognitions

• The Asian Banker awarded twice as “Best Retail Bank in Pakistan” in 2004 and 2005.[4]
• Askari Bank also has been given the “Best Consumer Internet Bank” award by Global Finance magazine for the years 2002 and 2003.[5]

See also

• List of banks in Pakistan

References

1. Askari Financials 2009
2. Baker, Raymond (2005). Capitalism's Achilles heel: Dirty Money and How to Renew the Free-market System. John Wiley and Sons (GoogleBooks). pp. 82–83. ISBN 978-0-471-64488-0. Retrieved 30 July 2017. nawaz sharif ittefaq.
3. "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
4. "The Excellence in Retail Financial Services International Awards". asianbankerforums.com.
5. "Features : The World's Best Internet Banks, 2004". Global Finance Magazine.