Askari Bank Limited
PPSX:AKBL104.88
PKR
-1.97
(-1.84%)
ISIN
PK0051301015
Return %
Stock
S&P 500
1Y
1.41
14.20
3Y
474.68
81.12
5Y
398.40
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Syed Zia Ijaz
- Full Time Employees
- 9,419
- Sector
- Finance
- Industry
- Major banks
- Address
- Islamabad Pakistan
- IPO Date
- Oct 9, 1996
- Similar Companies
- Business
- Askari Bank Limited provides commercial banking and financial services to individuals, small and medium-sized enterprises, agricultural clients, corporations, and institutional customers in Pakistan and internationally. The company operates through four principal business segments: Corporate and Investment Banking, Retail and Consumer Banking, Islamic Banking, and Treasury. Its Corporate and Investment Banking segment offers working capital finance; term finance; syndicated loans; project financing; structured trade finance, including letters of credit and financial guarantees; cash management solutions; and corporate advisory services. Its Retail and Consumer Banking segment provides current accounts, savings deposits, and fixed-term deposit certificates; consumer credit facilities, including auto loans under the Askari Car4U brand, home mortgages, personal financing, and credit cards; debit cards; bancassurance products; and payroll management services. Its Islamic Banking segment operates dedicated Shariah-compliant branches offering Islamic deposit schemes; Diminishing Musharakah financing; Murabaha; Ijarah; Istisna; and Islamic trade services. Its Treasury segment engages in foreign exchange trading, money market operations, fixed income securities investments, government securities dealer operations, and liquidity management. The company also offers specialized agricultural credit, farm mechanization loans, and small business financing, alongside digital banking solutions comprising mobile banking applications, internet banking portals, biometric automated teller machines, contactless payment solutions, and point-of-sale terminal acquiring. In recent developments, Askari Bank Limited has accelerated its digital transformation strategy through the deployment of upgraded digital banking platforms, integration with the State Bank of Pakistan's Raast instant payment system for peer-to-peer and merchant transactions, and strategic partnerships with fintech entities to expand digital supply chain financing and merchant acquiring services. The bank has also expanded its Islamic banking footprint across key commercial centers in Pakistan, scaled its sustainable and green banking initiatives with targeted financing for renewable energy and solar installations, and optimized its physical network of over 600 domestic branches and sub-branches, supplemented by a wholesale banking branch in the Kingdom of Bahrain. Askari Bank Limited was founded on October 9, 1991, is headquartered in Islamabad, Pakistan, and operates as a subsidiary of the Fauji Foundation Group.