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Askari Bank

Askari Bank Limited (Urdu: عسکری بینک), formerly Askari Commercial Bank, is a Pakistani commercial and retail bank headquartered in Islamabad.[2] It is owned by Fauji Foundation.[3]

History

It was founded on October 9, 1991, as a public limited company.[3]

On June 21, 2013, the bank was acquired by Fauji Group.[4]

In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary.[5]

Branches

Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain.[6]

See also

References

  1. ^ "Askari Bank Annual Report 2023" (PDF). askaribank.com. Retrieved 26 March 2024.
  2. ^ "The Official Website of Askari Bank Limited Pakistan| Registered Office & Head Office".
  3. ^ a b Masooma, Syeda (May 6, 2019). "Will Askari Bank's new CEO succeed in his desire to shake the bank out of its stupor?". Profit by Pakistan Today.
  4. ^ "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
  5. ^ Profit (2020-09-26). "Askari Securities is now a wholly owned subsidiary of Askari Bank". Profit by Pakistan Today. Retrieved 2020-09-30.
  6. ^ "Askari Bank Annual Report 2022" (PDF). Askari Bank. 31 December 2022. Retrieved 22 November 2023.

External links