Askari Bank

Askari Bank Ltd (Urdu: ( ) formerly Askari Commercial Bank) was incorporated in Pakistan on October 9, 1991, as a Public Limited Company. It started its operations on April 1, 1992.[2] The bank principally deals with banking, as defined in the Banking Companies Ordinance, 1962. The Bank is listed on the Karachi, Lahore & 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. Corporate Social Responsibility is an integral part of the way we do business. In order to fulfill our CSR objectives, we attempt to promote public interest by encouraging community growth and development through sponsoring social service events, supporting education, sports, and environment and also contribute in socio-cultural activities. Askari Bank has expanded into a network of 226 branches, including 31 dedicated Islamic banking branches, and a wholesale bank branch in Bahrain. A shared network of 4,173 online ATMs covering all major cities in Pakistan supports the delivery channels for customer service. Askari Bank achieved planned growth in business and operations during 2009. The total assets of the Bank amounted to Rs.254 billion as at December 31, 2009, registering an increase of 23 percent over December 31, 2008.Customer deposits reached Rs.206 billion by December 31, 2009, an increase of 23 percent over December 31, 2008. Profit after taxation showed an increase of 187% at Rs.1.11 billion, when compared with last years Rs.386 million. The banking spread registered slight improvement over last year, despite absorbing the adverse impact on net mark-up income due to increased nonperforming advances. The Banks NPLs stood at Rs.17.73 billion as of December 31, 2009 compared to Rs.11.69 billion at the end of previous year, an increase of 52 percent. Askari Bank Limited

Type Industry Founded

Public Limited Company Money Center Banks October 09, 1991 Lt. Gen. Waseem Ahmed Ashraf, Chairman & CEO M. R. Mehkari Banking

Headquarters Rawalpindi, Pakistan Key people Products

Revenue Net income Total assets Employees Website

Rs 1.10 billion PKR (2009)[1] Rs 9.03 billion PKR (2009)[1] Rs. 254,32 billion PKR (2009)[1] 7,279 (2009)[1] www.askaribank.com.pk

Products and services

Consumer banking Products:

ASK 4 CAR ASKCARD (Askari debit card) Master card Mortgage finance Personal finance

Services: Electronic bill payment Cash management services Internet banking services Call center ATM

Islamic banking

Declared weight ages Deposit schemes Home Musharakah Ijarah Bi Sayyarah Profit rates

Branch banking

Deposit multiplier account Investment certificates Mahana bachat account Paishgi munafa account Roshan mustaqbil deposit Rupee traveler cheques

Value plus deposits

Agriculture banking Askari Banks Agriculture and Rural Business Division (ARBD)

Kissan aabpashi finance Kissan evergreen finance Kissan farm mechanization finance Kissan tractor finance Kissan livestock development finance

KISSAN EVER GREEN Finance Features Product Type: Eligibility: Security: Profit Amount: Tenor: Markup: Benefits: 1. A special cheque book is issued to the farmer. 1. Automatic renewal upon adjustment of entire Principal amount with mark-up Once in a year. 2. The account is farmer friendly which benefits the farmers both ways. If the account is in credit, it earns profit; otherwise it provides instant finance, to the farmer for his agriculture needs. KISSAN TRACTOR FINANCE Details Profit Earning Account. Pakistani Resident (Individuals). Mortgaged charge on agri land through Zari Pass Book. Profit on credit balances will be paid on half yearly basis as declared by the Bank on PLS savings accounts. Yearly Basis. The mark-up is charged for the actual days the finance is utilized.

Features Product Type Eligibility: Tenure: Benefits

Details Profit Earning Account. Pakistani Resident (Owner as well as non-owner farmers). 5 Year. The farmer will have privilege of availing non-funded facility at a reduced

cost under this program on account of more equity participation. Good farmer bonus will be available to the borrower in case the loan is repaid as per terms of sanction. The farmers life & tractor will be insured against contingencies, which will provide comfort and piece of mind. Priority in delivery of tractor will be given by manufacturer as per arrangements with the bank.

KISSAN LIVESTOCK DEVELOPMENT FINANCE

Features Product Type: Details To purchase Milch Animals, Goats, Sheep, Poultry and Fisheries without incurring extra expenditure because of availability at his farm. Pakistani Resident (Owner Farmers).

Eligibility:

Benefits: The program will provide regular day to day income to the farmer to meet his own consumption and surplus to be marketed. This will revive / accelerate and supplement the income generating capacity. It will enhance the repayment capacity of the farmer. KISSAN FARM MECHANIZATION FINANCE Features Product Type Eligibility: Details Finance for farm equipment, trailer, thresher, drills & rotavators etc. Pakistani Resident (Individuals).

Benefits: Under this program the farmer will get benefit of use of modern agricultural tools, implements and equipments which are cost and time effective. Improves per acre yield of agri crops and quality of agriculture produce to get good price in the market. Helps to match / compete with international standards for exportable agriculture produce.

KISSAN AABPASHI FINANCE

Features

Details

Product Type

To finance installation of Tube-Wells (electric, diesel and solar energy units) water management equipments and water channel development etc. Pakistani Resident (owner of farmers).

Eligibility: Benefits:

1. Help farmers to make optimum use of limited water resources. 2. To facilitate the farmer, to overcome the scarcity of water. 3. To develop mechanical water resources, sprinkler and drip system etc. 4. To avoid traditional / inefficient modes of irrigation and waste of available water. 5. To manage natural / available resources through water

Corporate & investment banking

Bill discounting Export financing Fund transfers/remittances Letters of credit Letters of guarantee Receivable discounting Structured trade finance facilities Term loans Working capital facilities

Alternate Delivery Channels

ATM Call center I-Net banking

Home Remittance

Having a network of more than two hundred branches all over Pakistan, we undertake to provide safe and instant payment of remittance from expatriates, routed through designated correspondent banks with which special arrangements have been made in this regard. You can remit funds from any country to Pakistan through SWIFT. Askari Bank offers the following services to customers: On line remittance from Qatar via Doha Bank Limited. Askari Bank has negotiated with Doha Bank Ltd. Qatar whereby remittances to Pakistan can be sent using our branch network. Electronic transfers from Saudi Arabia, UAE, GCC countries and other parts of the world using the vast correspondent banks network of Askari Bank. Our growing worldwide network of correspondent banks is already serving numerous customers to route their home remittances favoring beneficiaries in Pakistan, necessary advisory is also provided to facilitate smooth flow of transactions. Advisory service at branch level. Well-trained staff at Askari Bank branches is ready to provide the much-needed advisory service to the prospective remitters, highlighting the advantages in routing home remittances through official channels as against other options. Same day processing. In case beneficiary maintains account with Askari Bank, the amount is credited on the day funds are received, in other cases transactions are disposed off within twenty four hours from receipt of instructions. Special cash Pay Out counters. Special counters on selected locations branches manned by dedicated staff ensure prompt cash payments. Efficient transaction tracking system. Centralized Call Centre and the Home Remittances Cell (presently operating from Jinnah Super Market, Sector F-7, and Islamabad) provide real time tracking for the pipeline transactions, where necessary investigations are carried out to resolve the problem with the counter party bank. Expansion of Agency Arrangements. Responding to the growing home remittances volume negotiations with a number of reputable Exchange companies in UAE and other GCC countries are underway which will further facilitate fund transfer process.