Askari Bank Ltd.

Askari Bank Ltd.

Askari Bank Ltd.

Date Founded



AWT Plaza,The Mall,Rawalpindi, Punjab 46000

Type of Company


Employees (Worldwide)



Retail & Commercial Banking
Holding Companies

Company Description

Askari Bank Ltd. engages in the provision of banking and financial services. It operates its business through the following segments: Branch Banking, Corporate Banking, Treasury, Consumer Banking, Islamic Banking, Foreign Operations and Others. The Branch Banking segment consists of loans, deposits and other banking services to commercial, small and medium enterprise, agriculture and individual customers, including branchless banking services. The Corporate Banking segment ncludes project financing, trade financing and working capital to corporate customers. It also involves in investment banking activities such as mergers and acquisition, underwriting, privatization, securitization, initial public offerings related activities and secondary private placements. The Treasury segment engages in money market activities, foreign exchange business and short term lendings and borrowings from counter-parties. The Consumer Banking segment provides secured and unsecured loans to retail customers. The Islamic Banking segment provides banking services. The Foreign Operations segment consist of banking activities performed by Wholesale Bank Branch of the Bank. The Others segment consists of activities not performed by any of above segments. The company was founded on October 9, 1991 and is headquartered in Islamabad, Pakistan.

Executives & Employees

President & Chief Executive

Chief Financial Officer & Senior Executive Vice President

Executive Vice President & Chief Internal Auditor

Chief Credit Officer

Senior Vice President & Regional General Manager, North

Senior Vice President & Acting Regional General Manager, Central

Executive Vice President & Regional General Manager, South

Vice President & Country Head, Special Asset Management Division

Executive Vice President, Country Head-Islamic Banking Services Division

Vice President & Country Head, Alternate Delivery Channels Division

Board of Directors

Chief Operating Officer & Managing Director at National Investment Trust Ltd.

President & Chief Executive at Askari Bank Ltd.

Head-Investment Division at Fauji Foundation

Former Chief Financial Officer at SME Bank Limited

CE&Md at Fauji Fertilizer Co. Ltd.

Former Federal Secretary at Board of Investment Pakistan

Independent Director at Askari Bank Ltd.

Chief Executive Officer & Managing Director at Fauji Foundation

Chief Executive Officer, Executive Director & Managing Director at Fauji Fertilizer Bin Qasim Ltd.

Chief Executive Officer, Director & Managing Director at Fauji Cement Co. Ltd.

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Askari Bank Ltd.
Owners & Shareholders
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The National Investment Unit Trust (NIUT) is the Pakistan’s largest and oldest Mutual Fund. As on June 30, 2012, NIUT had funds under management of around Rs. 41.487 billion invested in over 425 listed companies and had approximately 54,218 unit holders. NITL's distribution network comprises of 22 NIT branches, various Authorized bank branches all over Pakistan and Arab Emirates Investment Bank (AEIB) in Dubai (UAE). The Trust constituted under the Trust Deed dated 12th November 1962, executed between National Investment Trust Ltd (NITL) as Management Company and National Bank of Pakistan as Trustee.

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Lakson Investments seeks to deliver superior performance as measured by market share parameters, high-quality service and a portfolio of innovative yet tailored products across a range of investment disciplines and distribution channels. They aim to provide growth capital to new and growing private companies in Pakistan that they believe offer the greatest upside and future profitability in the Private Equity and Venture Capital space. The firm employs fundamental bottom-up analysis to uncover undervalued stocks and bonds in the Public Equity and Debt markets. Lakson Investments utilizes top-down view on macroeconomic environment to identify major investment themes. Their research team assists the Investment Committee in investment decisions.

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Habib Asset Management Ltd. (HAM) is the mutual fund management subsidiary of Bank Al Habib Ltd. (BAHL). The firm is headquartered in Karachi and was founded in 2005. HAM provides investment management services to mutual funds.

Recent Transactions
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Pak Oman Asset Management Co. Ltd. purchases Askari Investment Management Ltd. from Askari Bank Ltd.

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Askari Bank Ltd. /Private Group purchases Askari Bank Ltd.


Jubilee Life Insurance Co. Ltd. engages in the provision of life insurance, carrying on non-participating business. The company operates in the following segments: Individual Life Unit Linked, Conventional Business, Accident & Health, Overseas Group Life & Health, Individual Family Takaful, Group Family Takaful, and Accident & Health Family Takaful. The Individual Life Unit Linked segment provides life insurance coverage to individuals under unit based policies issued by the company. The Conventional Business segment includes individual life conventional and group life. The Accident & Health Business segment offers personal accident coverage to individuals and inpatient and outpatient health coverage to member enterprises, corporate entities, and common interest groups under group health insurance schemes. The Overseas Group Life and Health segment comprises of s life insurance coverage and inpatient and outpatient health coverage to overseas corporate entities under overseas group life and health policies. The Individual Family Takaful segment offers unit linked takaful plans, which provide shariah compliant financial protection and investment vehicle to individual participants. The Group Family Takaful segment contracts are issued typically on yearly renewable term basis. The Accident & Health Family Takaful segment contracts are mainly issued to employers to insure their commitments to employees. The company was founded on June 29, 1995 and is headquartered in Karachi, Pakistan.

Key Stats and Financials As of 2020
Market Capitalization
Total Enterprise Value
Earnings Per Share
Three Year Compounded Annual Growth Rate Of Revenue
Net Profit
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