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Nouman Assg Sir Hamayat

Askari Commercial Bank is a major commercial bank in Pakistan established in 1991. It has over 226 branches across Pakistan and provides both conventional and Islamic banking services. The bank offers various personal and business accounts, loans, debit and credit cards, mobile banking services, and international payment options to its nearly 1 million customers. Mr. Abid Sattar is the current CEO of Askari Bank, which is owned by the Fauji Foundation conglomerate.

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509 views3 pages

Nouman Assg Sir Hamayat

Askari Commercial Bank is a major commercial bank in Pakistan established in 1991. It has over 226 branches across Pakistan and provides both conventional and Islamic banking services. The bank offers various personal and business accounts, loans, debit and credit cards, mobile banking services, and international payment options to its nearly 1 million customers. Mr. Abid Sattar is the current CEO of Askari Bank, which is owned by the Fauji Foundation conglomerate.

Uploaded by

numan murad
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Introduction:

Askari commercial bank is incorporated on Oct 09; 1991 as a public limited


company. It started operations on April 1st, 1992. It is listed in Lahore stock exchange,
Karachi stock exchange and Islamabad stock exchange.

It has 226 branches. It has 31 dedicated Islamic branches. It has 6159 employees
& 7,279 employees in (2009) and it has 984,485 banking customers with equity of 14.95
billion. It has total 254.33 billion assets. Its head office is situated at AWT plaza, the
mall, PO Box no.1084 Rawalpindi.

Askari Bank Ltd is a commercial and retail bank in Pakistan and is owned by Fauji
Foundation. On June 21, 2013, the bank was acquired by Fauji Group. Mr. Abid Sattar is
CEO of Askari Bank.

Organogram of Askari Bank:


Services Provided by Bank:
Askari EMV Debit Cards:

Enjoy a safe & secure shopping experience with your Askari EMV chip and
PIN enabled debit card. To make a payment with your Chip based Debit Card at a
Point-of-Sale (POS) the merchant or the cashier will ‘dip’ your card.

Home Payment:
 Instant account opening
 Maximum balance limit Rs. 1,500,000/-
 Cash withdrawal limit Rs. 50,000/- per day & Rs. 500,000/- per month
 Funds transfer up to Rs. 100,000/- per day
 Cash withdrawal from any ATM or Pay Max Branchless Banking agent
 No service charges on opening/closing of Home Remittance Account

Union pays Debit Card:


Askari Union Pay Debit Card is available in the following categories:

 Union Pay Classic Debit Card


 Union Pay Gold Debit Card

Transaction Type Classic Gold

Cash Withdrawal Rs. 25,000/- Rs. 100,000/-

Funds Transfer/Interbank Funds Transfer Rs. 1,000,000/- Rs. 1,000,000/-

Point of Sale Rs. 200,000/- Rs. 250,000/-

 Worldwide ATM cash withdrawal & balance inquiry


 Worldwide POS transactions
 Enhanced security through EMV chip
 Convenient & quick payments through NFC technology

Pay Max:
Askari Bank and China Mobile Pakistan (Zong) have jointly re-launched their
branchless banking program under the brand name of Pay Max.

Branchless banking has already taken root in Pakistan and is all poised to become
a formidable alternative to conventional banking.

A mobile phone can be used to enter, display, process, store, and transmit
information. The existence of a SIM card inside the mobile phone, a connected device,
provides a peculiar architecture to the banks that can be used as a payment device and
transactional channel.

This is because the SIM card is a smart card (a card with a chip) and the mobile
phone is a limited computer connected to the network.

Types of Account:
1. Current Account
2. Saving account
3. Profit and Loss Sharing Account
4. Fixed Deposit Account
5. Foreign Exchange Account
6. Askari Assan Account (AAA)
7. Askari Halal Investment Account
8. Pak Rupee Checking Account

Which Type of Loan Provided by Bank:


 Askari Business Solution
 Askari Lease Finance
 Askari Loan for Business Premises
 Askari Loan for Fertilizer Dealers
 Askari Quick Finance
 Askari’s Vendor Financing
 Best car financing Loan

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