Askari Bank Limited is a Pakistani commercial and retail bank headquartered in Islamabad.[2] It is a subsidiary of Fauji Fertilizer Company, which is part of Fauji Foundation.[3]
History
Askari Bank was founded in October 1991 as Askari Commercial Bank and a year later it was listed on the Karachi Stock Exchange.[3]
In November 2006, Askari Bank established a wholly owned asset management firm named Askari Investment Management Limited.[4]
In June 2013, Askari Bank was acquired by Fauji Foundation from Army Welfare Trust.[5]
In January 2017, Askari Bank sold its subsidiary Askari Investment Management to Pak Oman Asset Management for ₨551 million.[6]
In September 2020, Askari Bank acquired Askari Securities which is now a wholly owned subsidiary.[7]
Branches
Askari Bank has 719 Branches and more than 600 ATMs across Pakistan and a wholesale bank branch in Bahrain.[8]
See also
External links
References
- Askari Bank Annual Report 2024 askaribank.com, retrieved 6 October 2025^
- Registered Office & Head Office^
- Syeda Masooma. Will Askari Bank's new CEO succeed in his desire to shake the bank out of its stupor? Profit by Pakistan Today, May 6, 2019^
- Commercial Banks: ASKARI COMMERCIAL BANK LIMITED - Half Year Ended June 30, 2006 (Un-audited) Brecorder, November 13, 2006^
- Fauji Foundation to acquire Askari Bank's 100pc shares The Nation, 19 January 2012^
- Staff Report. Pak Oman purchases AIML’s 100pc share from Askari Bank Profit by Pakistan Today, January 5, 2017^
- Profit. Askari Securities is now a wholly owned subsidiary of Askari Bank Profit by Pakistan Today, 2020-09-26, retrieved 2020-09-30^
- Askari Bank Annual Report 2022 Askari Bank, 31 December 2022, retrieved 22 November 2023^