 History of the Askari Bank Pakistan

 Asset side (consumer related products) of Askari Bank Pakistan

 Liability side (consumer related products) of Askari Bank Pakistan
 Basic requirements for customers
 Process by the Askari Bank Pakistan related to consumer product
 Documents required for the customer and the bank
 Loan return process and medium of Askari Bank Pakistan
 Default policy for customers by Askari Bank Pakistan

History Of Askari Bank

Askari Bank Limited was incorporated on October 9, 1991, as a Public Limited Company. The bank was
established following the privatization of the government-owned Askeri Investment Bank Limited (AIBL).
The bank was initially owned by the Army Welfare Trust (AWT), an organization established by the
Pakistan Army to manage its welfare projects. AWT held the majority shares, providing a unique link
between the banking sector and the military establishment. Initially, it operated as a scheduled bank
with its head office in Rawalpindi, Pakistan.

Expansion and Growth: In the years following its establishment, Askari Bank focused on expanding its
branch network and enhancing its product offerings. It aimed to cater to the banking needs of both
individuals and businesses across Pakistan.

Public Listing: In 1992 Askari Bank was listed on the Karachi Stock Exchange (now Pakistan Stock
Exchange) and the Lahore Stock Exchange. This move allowed the bank to raise additional capital and
expand its operations further.

Diversification of Services: Askari Bank diversified its services to include retail banking, corporate
banking, and Islamic banking solutions. It introduced various products such as
 savings accounts
 ASK4Car
 Women Auto Finance
 Personal Finance
 Mortgage Finance

Assets Side
 ASK4Car Liabilities Side
 Mortgage Finance  Mastercard Credit Cards
 Women Auto Finance  Askari World Mastercard Credit Card
 Saving Account
 Sr. Product Reason
Assets Side
1 ASK4Car This product likely falls under the assets side of the bank because it
involves lending money to customers for purchasing cars. Loans provided
to customers are considered assets for the bank since they represent
future income in the form of interest payments.

2 Mortgage Finance: Mortgage finance involves lending money for property purchases. Like
ASK4Car loans provided to customers are considered assets for the bank
since they represent future income in the form of interest payments.
But this also creates a liability for the bank as it owes the borrowers the
amount lent.

3 Women Auto Women Auto Finance loan is clearly an asset from the bank's perspective,
Finance: because the borrower has a legal obligation to make payments to the
bank over time.

Liabilities Side
4 Mastercard Credit Credit card products usually fall under the liabilities side of the bank's
Cards: balance sheet. When customers use their credit cards, they are essentially
borrowing money from the bank, creating a liability.

5 Askari World Same as Mastercard Credit Cards, this product would also be considered a
Mastercard Credit liability.
Card:

6 Saving Account Savings accounts typically appear on the liabilities side of a bank's balance
sheet. This is because the funds deposited into savings accounts represent
obligations or liabilities of the bank to its customers and must be prepared
to return them upon demand, along with any accrued interest.

Basic requirement For Customers

Required Documents
1. Application Form duly filled in all respects
2. Copy of Valid CNIC /POC/NICOP or passport of applicant.
3. Income Proof/ Income Estimation/Latest Salary Slip (up to 2 months old)
4. 6 Months Bank statement for Salaried/12 months Bank statement for SEB & SEP.
5. Proof of Business (for Self Employed Customers)
Age of Borrower
Salaried Minimum 21 Years
Self Employed Customers Minimum 23 Years
Maximum Age at the time of Loan Maturity 60 Years for Salaried Customers
65 Years for Self Employed Customers

Process by the bank related to consumer product

You can apply by visiting Bank’s Branches or by calling at Contact Centre at 111-000-787.
Our dedicated staff will help you to complete your loan application and other formalities.

You can also submit your details Online website of Askari Bank Limited , enabling them to contact you for
loan processing.

Loan return process and medium

Loan details available through Askari I-Net Banking & Mobile App
Convenience to review repayment details & outstanding balance through Askari I-Net Banking & Mobile
App