Askari Bank

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Commercial banks

Commercial banks are companies “which transact business of banking in Pakistan Commercial banks have constituted the most important source of institutional credit in the economy of Pakistan 

Commercial banking scenario in Pakistan

At the time of independence in 1947, there were 38 scheduled banks with 195 offices in "Pakistan. But by December 31, 1973 there were 14 scheduled Pakistani Commercial Banks with 3,233 offices all over Pakistan and 74 offices in the foreign countries.

Nationalization of Banks was not done 1st January, 1974 under the Nationalization Act 1974 due to certain objectives. But it had negative effects on the efficiency of the banking sector. The commission transferred many banks to the private sector i.e. MCB and ABL.

Askari commercial bank

The government approved and the established private scheduled bank in 1990. It is a branch of Army Welfare Organization. (AWT).in 1992. It has total 30 Branches and spread all over the Pakistan. Now it is no. 1 private commercial bank. It is so successful only due to its safe portfolio of lending. It provides a lot of facilities to its honorable customers.  The main cause of its success is its main concern on quality of services not quantity of service. Its registered office or head office is at AWT Plaza. The Mall, Rawalpindi Pakistan. 

Corporate flow

It the corporate body consists of 12 Board of director including one chairman

  • President
  • Chief Executive
  • Secretary
  • NIT Nominees

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