Financial Analysis of Askari Bank Ltd.

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Vision:

“Vision of Askari Bank is to be the bank of first choice in the region. Demands continuous strive for creation of business opportunities with innovation while maintaining the core values to meet the commitment to all stakeholders.”

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Mission:

To be the leading private sector bank in Pakistan with an international presence, delivering quality service through innovative technology and effective human resource management in a modern and progressive organizational culture of meritocracy, maintaining high ethical and professional standards, while providing enhanced value to all our stakeholders, and contributing to society.

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Act#1: Action Teamwork, Commitment

Means a committed team to make Indus # 1 in:

* Respect and Corporate Image

* Customer Satisfaction

* Quality Service

* Profitability

* Best Employer

Introduction

COMPANY HISTORY

Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operations 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. Askari Bank has expanded into a network of 226 branches / sub 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. As at December 31, 2009, the Bank had equity of Rs. 14.95 billion and total assets of Rs. 254.33 billion, with 984,485 banking customers, serviced by our 6,159 employees.

Askari Investment Management Limited and Askari Securities Limited are subsidiaries of Askari Bank engaged in managing mutual funds and shares brokerage, respectively.

CORE VALUES &...