Askari Bank Limited (Urdu pronunciation: [əs.ˈka.ri bɛŋk] us-KAH-ree-BANK) 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 Rs. 551 million.[6]

In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary.[7]

Branches

Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain.[8]

See also

References

  1. ^ "Askari Bank Annual Report 2023" (PDF). askaribank.com. Retrieved 26 March 2024.
  2. ^ "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. ^ "Commercial Banks: ASKARI COMMERCIAL BANK LIMITED - Half Year Ended June 30, 2006 (Un-audited)". Brecorder. November 13, 2006.
  5. ^ "Fauji Foundation to acquire Askari Bank's 100pc shares". The Nation. 19 January 2012.
  6. ^ Staff Report (January 5, 2017). "Pak Oman purchases AIML's 100pc share from Askari Bank". Profit by Pakistan Today.
  7. ^ Profit (2020-09-26). "Askari Securities is now a wholly owned subsidiary of Askari Bank". Profit by Pakistan Today. Retrieved 2020-09-30.
  8. ^ "Askari Bank Annual Report 2022" (PDF). Askari Bank. 31 December 2022. Retrieved 22 November 2023.


Allikas: https://en.wikipedia.org/wiki/Askari_Bank
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