Top 10 Bank of Pakistan

Top 10 Bank of Pakistan

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Top 10 Bank of Pakistan

Top 10 Bank of Pakistan

Top banks in Pakistan are:

  1. National Bank of Pakistan
  2. Bank Alfalah
  3. Standard Chartered
  4. Habib Bank
  5. United Bank Limited
  6. Meezan Bank
  7. Allied Bank
  8. Askari Bank
  9. MCB Bank
  10. Faysal Bank
  1. National Bank of Pakistan

Established in 1957, the National Bank of Pakistan is a subsidiary of Deutsche Bank Americas Holding Corporation. It operates through Corporate Finance, Trading and Sales, Retail Banking, Commercial Banking, Payment and Settlement, and Agency Services segments. It is headquartered in Karachi and employs around 12,000 individuals.

The bank operates through 1,448 branches in Pakistan and 21 branches in other countries, and a network of approximately 1,014 ATMs.

As of 2016, total assets of the bank were US$18.94 billion and net profit was US$220 million.

2. Bank Alfalah
Headquartered in Karachi, Bank Alfalah is a private bank owned by Abu Dhabi Group. Founded in 1992, the bank commenced banking operations in 1997. It provides banking and financial services to consumers, corporations, institutions, and governments in Pakistan, the Asia Pacific region, and the Middle East. It operates through Retail Banking, Corporate Banking, Treasury, Consumer Banking, Islamic Banking, International Operations, Retail Brokerage, Asset Management, and Others segments.

As of December 31, 2016, the bank operated 475 conventional banking branches, including 18 sub-branches, 10 overseas branches, 153 Islamic banking branches, and an offshore banking unit.

As of 2016, the bank’s total assets amounted to US$8.29 billion and net profit reached US$71.42 million.

3. Standard Chartered

Founded in 2006, Standard Chartered Pakistan operates as a wholly-owned subsidiary of UK-based Standard Chartered Bank. The bank comprises Corporate and Institutional Banking, Commercial Banking, Retail Banking, and Central & Other Items segments.

As of December 31, 2016, the bank managed a network of 101 branches in Pakistan. In the same period, it reported total asset of US$4.2 billion and a net profit of US$87 million.

4. Habib Bank
Based out of Karachi, Habib Bank was established in 1941. It operates through Branch Banking, Corporate Banking, Treasury, and International Banking segments. With around 17,000 employees, it manages a network of 1,677 branches, including 45 Islamic banking branches in Pakistan, as well as 54 branches in other countries.

As of 2016, the bank’s total assets were US$24 billion and net loss was US$129 million.

5. United Bank Limited
Established in 1959, United Bank Limited is one of the largest privately-owned banks in Pakistan. It is headquartered in Karachi City and employs around 15,000 people.

The bank operates through a network of approximately 1,341 branches in Pakistan, including 47 Islamic banking branches and two branches in the Karachi Export Processing Zone, as well as 18 branches internationally.

As of 2016, the bank’s assets totaled US$14.26 billion and net profit amounted to US$251 million.

6. Meezan Bank
Founded in 1997, Meezan Bank offers Islamic services as one of the commercial banks in Pakistan. It operates through Corporate Finance, Trading and Sales, Retail Banking, Corporate and Commercial Banking, Agency Services, and Payment and Settlement segments. The Karachi City-based bank employs around 9,000 employees and oversees 571 branches in 146 cities in Pakistan.

In 2016, Meezan Bank posted total assets of US$5.94 billion and a net profit of US$50 million.

7. Allied Bank
Allied Bank was established in 1942. The bank’s operations comprise Corporate and Investment Banking, Trading and Sales (Treasury), Commercial, and Retail Banking segments. Based out of Lahore, its workforce numbers around 4,000.

The bank operates 1,148 branches in Pakistan, including 77 Islamic banking branches, one branch in the Karachi Export Processing Zone, and a wholesale banking branch in Bahrain, as well as 1,150 ATMs.

As of 2016, total assets of the bank were US$9.67 billion and net profit was US$130.18 million.

8. Askari Bank
Headquartered in Rawalpindi, Askari Bank serves individual and corporate customers primarily in Pakistan and the Middle East. It operates through Corporate Finance, Trading and Sales, Retail Banking, Commercial Banking, Payment and Settlement, Agency Services, Retail Brokerage, and Asset Management segments. Incorporated in 1991, the bank currently employs around 554 staff.

As of 2016, the bank’s total assets amounted to US$5.6 billion and net profit reached US$47 million.

9. MCB Bank
Established in 1947, MCB Bank offers commercial banking and related products and services in Pakistan, South Asia, the Middle East, and Eurasia. With around 14,000 employees, it is based out of Lahore City.

In 2016, the bank reported total assets of US$9.51 billion and a net profit of US$19.8 million.

10. Faysal Bank
Founded in 1994, Faysal Bank provides a range of financial services in Pakistan. The bank operates through four segments: Corporate Finance, Trading and Sales, Retail Banking, and Corporate and Commercial Banking. Based out of Karachi, the bank manages 350 branches in approximately 100 cities and employs around 3,600 individuals.

As of 2016, the bank’s total assets were US$4.02 billion and net profit was US$38.89 million.

Top 10 Bank of Pakistan