January 25, 2015 6:23 AM ET

Banks

Company Overview of Askari Bank Limited

Company Overview

Askari Bank Limited provides various banking products and services to individual and business customers primarily in Pakistan and the Middle East. Its Corporate Finance segment is engaged in corporate and investment banking activities, such as mergers and acquisition, underwriting, privatization, securitization, secondary private placements, and IPO’s related activities. The company’s Trading and Sales segment is involved in treasury and money market activities. Its Retail Banking segment provides loans, deposits, credit cards, and other products to retail customers. The company’s Commercial Banking segment offers services related to project finance, export finance, trade finance, leasing, l...

AWT Plaza

The Mall

PO Box No. 1084

Rawalpindi,  46000

Pakistan

Founded in 1991

4,411 Employees

Phone:

92 51 906 3000

Fax:

92 51 927 2455

Key Executives for Askari Bank Limited

Askari Bank Limited does not have any Key Executives recorded.

Askari Bank Limited Key Developments

Three Banks Eyeing KASB Bank

Abid Qamar, Spokesperson of State Bank of Pakistan told The News that three banks had shown interest in acquiring the KASB Bank Limited (KASE:KASBB). These banks include the JS Bank Limited (KASE:JSBL), Sindh Bank Limited and Askari Bank Limited (KASE:AKBL).

Askari Bank To Seek Authorization From SBP To Begin Due Diligence For KASB BANK

Askari Bank Limited (KASE:AKBL) has requested the State Bank of Pakistan (SBP) for its authorization to start due diligence for the potential acquisition of KASB Bank Limited (KASE:KASBB).

State Bank of Pakistan Allows Due Diligence Of KASB Bank

Askari Bank Limited (KASE:AKBL) and Sindh Bank Limited have been in talks with the management of KASB Bank Limited (KASE:KASBB) showing interest to conduct due diligence which was allowed by the central bank on December 16, 2014. State Bank of Pakistan (SBP) has granted permission to carry out due diligence of KASB Bank which would likely to be commenced shortly, KASB stated in an official statement.

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Sindh Bank Limited Middle East/Africa
Barclays Bank PLC, Pakistan Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 27, 2014
Askari General Insurance Company Limited
 

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