Askari Bank Ltd.
| Karachi Stock Exchange: AKBL
Askari Bank Ltd. provides banking and financial services. The company operates through seven segments: Corporate financing, Trading and Sales, Retail Banking, Commercial Banking, Agency services, Sub-ordinated loans, Payment and settlement. The Corporate financing includes corporate and investment banking activities such as mergers and acquisition, underwriting, privatization, securitization, Initial Public Offering related activities and secondary private placements. The Trading and Sales segment includes the Bank's treasury and money market activities. The Retail Banking segment provides services to small borrowers and includes loans, deposits and other transactions with retail customers and credit card business. The Commercial Banking segment provides services related to project finance, export finance, trade finance, leasing, lending, guarantees, bills of exchange and deposits from corporate customers. The Agency services include income from rent of lockers provided to customers. The Sub-ordinated loan represents term finance certificates issued by the bank. The Payment and settlement segment includes income from payments and collections, funds transfer, clearing and settlement. Askari Bank was founded on October 9, 1991 and is headquartered in Rawalpindi, Pakistan.