Introduction:

Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It
commenced operation on April 1, 1992, and is principally engaged in the business of banking, as
defined in the Banking Companies Ordinance, 1962. The Bank is listed on Karachi, Lahore and
Islamabad Stock Exchanges.

Since inception, the bank has concentrated on growth through improving service quality,
investment in technology and people, utilizing its extensive branch network which includes
Islamic and Agricultural banking.

 The banking sector has witnessed a dramatic change during the last 14 years with
the development of Askari Bank, which is not only redefining priorities and focus of the banks,
but also threatening the domination of traditional players.  

Askari Bank has expanded into a nationwide presence of almost 250 Branches, and an Offshore
Banking Unit in Bahrain. A shared network of over 3000 online ATMs covering all major cities
in Pakistan supports the delivery channels for customer service. As on December 31, 2011, the
Bank had equity of Rs. 9 billion.

Askari Bank is the only bank with its operational head office in the twin cities of Rawalpindi-
Islamabad, which have relatively limited opportunities as compared to Karachi and Lahore. This
created its own challenges and opportunities, and forced as to evolve an outward-looking
strategy in terms of Askari market emphasis. As a result, Askari developed a geographically
diversified assets base instead of concentration and heavy reliance on business in the major
commercial centers of Karachi and Lahore, where most other banks have their operational Head
offices.

Askari Bank is operating throughout Pakistan. Most of the branches are connected through its
State of the Art, On-line Communications Network, which gives the bank a competitive edge in
providing instant services to its clientele. The bank also offers direct access to the latest Foreign
Exchange Rates through its Online Communications.
Corporate achievement:

Amidst tough competition, Askari efforts to go an extra mile in providing superior services to
Askari customers have been acknowledged at the national as well as international levels. These
acknowledgements serve as a great source of encouragement and appreciation at one hand and
inspire ABL toper form even better, on the other. The Global Finance Magazine has honored
Askari with the “The Best Bank in Pakistan” award. Askari won the Euro money and Asia
money awards as early as 1994, 1995 and 1996. Askari have Al+, the highest possible credit
rating, for the short-term obligations, and Askari long-term rating stands at AA. Askari won the
prestigious "Best Presented Annual Accounts" award from the Institute of Chartered Accountants
in Pakistan, and The Institute of Cost and Management Accountants, Pakistan, for the services
sector, for 2000. Askari have also received prizes during the last four years from the South Asian
Federation of Accountants (SAFA) for the "Best Presented Annual Accounts" for the financial
sector, in the SAARC region. Askari was the first bank in Pakistan to offer Internet Banking
services and b2b e-commerce solutions for merchants looking to purchase on credit.

THE BANK BASICALLY WORKS UNDER THREE GROUPS NAMED AS

Corporate banking and financial institutions group

Retail banking group

Operations and credit group