Askari Bank

Overview

Askari Bank is PSX: AKBL + Pakistani commercial bank + Fauji Foundation Pakistani military welfare foundation + AKBL Askari Welfare Trust ~71%+ controlling + one of Pakistan's largest commercial banks [1, pk-cro].

History

Oct 9 1991 — Askari Commercial Bank founded by Army Welfare Trust as Pakistani military-anchored commercial bank distinctive Pakistani military-anchored banking heritage.

Apr 2013 — Askari Commercial Bank acquired by Fauji Foundation Pakistani military welfare foundation.

2014 — Askari Bank mobile banking app launch.

Ownership & operator

Operating entity: Askari Bank Limited (Pakistani commercial bank; PSX: AKBL).

Major shareholders: Fauji Foundation (Pakistani military welfare foundation; Pakistani military welfare conglomerate) + AKBL Askari Welfare Trust ~71%+ controlling + Pakistani retail + institutional + foreign investors free float.

Regulators: SBP State Bank of Pakistan.

Technical integration

Askari Bank mobile app (iOS + Android) + askaribank.com online + Askari Bank branch network across Pakistan + Bahrain international branches + Askari Visa + Mastercard cards; PK IBAN + Raast + Pak-QR.

Implementations & partners

Major Pakistani banking + payments competitors: [[habib-bank-pakistan]] (HBL Habib Bank; PSX: HBL; Pakistan's largest commercial bank by assets) + [[ubl-pakistan]] (United Bank Limited UBL; PSX: UBL) + [[mcb-pakistan]] (MCB Bank; PSX: MCB; Nishat Group Pakistani conglomerate parent) + [[allied-bank-pakistan]] (Allied Bank Limited; PSX: ABL; Ibrahim Group Pakistani conglomerate parent) + [[meezan-bank]] (Meezan Bank; PSX: MEBL; Pakistan's largest Islamic bank by assets) + [[bank-alfalah]] (Bank Alfalah; PSX: BAFL; Abu Dhabi Group controlling) + [[faysal-bank]] (Faysal Bank; PSX: FABL; Pakistani Islamic bank; Ithmaar Bank Bahraini parent ~67%+ controlling) + [[standard-chartered-pakistan]] (Standard Chartered Pakistan; LSE: STAN + SEHK: 2888) + [[easypaisa]] (Easypaisa; Telenor Pakistan + Ant Group JV mobile money + bank) + [[jazzcash]] (JazzCash; Mobilink/VEON Pakistani mobile money).

Regulators: SBP State Bank of Pakistan.

Status

Active, PSX:AKBL + Pakistani commercial bank + Fauji Foundation Pakistani military welfare foundation + AKBL Askari Welfare Trust ~71%+ controlling + one of Pakistan's largest commercial banks [1, 2].

Sources

• 1 Askari — official
• 2 Askari — Wikipedia
• pk-cro In-corpus: reports/countries/PK-pakistan.md

Source

Biography extracted from askari-bank.md. See matrix.md for standards-support matrix if present.