Company Overview of Askari Bank Limited
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...
PO Box No. 1084
Founded in 1991
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
Jan 16 15
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
Dec 19 14
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
Dec 17 14
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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