Banking in Pakistan has gradually grown really big and the country now covers a large number of population in terms of employment, thanks to the private banks that are now making some good business within the country. There was a time when people of Pakistan had limited choices for banking but there has been seen a drastic change in the banking sector since 1990s. Here are 10 most famous Banks in Pakistan that enjoy a good reputation and market value other than foreign banks in 2014.
Have a look!
1. Allied Bank
Branches: over 830
Australasia Bank, established in 1942 was the first Muslim bank of the subcontinent which later merged with other banks and changed its name to Allied Bank. Earlier it was affiliated with the public sector and was privatized in 1991. Allied Bank offers commodity operations, loan services, hajj services etc.
2. Bank Al Falah
Branches: over 471
Bank Al Falah is owned by Abu Dhabi group and is a private bank offering services for commercial banking. Its functions also include Corporate banking, Electronic banking, Consumer banking and treasury and investment.
3. Askari Bank
Branches: over 222
Askari Bank has its headquarters in Rawalpindi and over 222 branches spread throughout the country. It offers Islamic banking, Consumer banking, Agriculture banking and Corporate and investment banking.
4. Faysal Bank
Branches: over 260
Faysal Bank is considered amongst the top ten banks of Pakistan providing services in Islamic banking, Corporate banking, Retail banking and Commercial banking.
5. Habib Bank
Branches: over 1450
It was established by the Habib family to serve the muslim community of India. The bank has played a vital role in managing the funds for the establishment of Pakistan. Habib Bnak offers all the basic range of banking services to its customers.
6. First Women Bank
Branches: over 41
First Women Bank of Pakistan is the vision of Mohtarma Benazir Bhutto. It is run and managed by women and its objective is to help the women at all levels of economic activity so that they can contribute to the country with their own businesses.
7. Zarai Taraqiati Bank
Branches: over 373
ZTBL is owned by the public sector and was initially established to promote modern methods of agriculture in the country. Now the bank is also providing its services in One window operation and Micro credit schemes.
8. MCB Bank
Branches: over 1193
MCB Bank was formed in 1947 and was later nationalized in 1974. It was established to provide facilities in banking and finance to the business community of South Asia. Currently the bank is providing services in insurance, banking, textile and cement industry.
9. National Bank of Pakistan
Branches: over 1280
National Bank of Pakistan is one of the largest commercial banks operational in the country. It is owned by the public sector and has diversified its role in business. Special schemes like loans to students, self employment, and finance for agriculture are introduced to counter unemployment in the country.
10. Soneri Bank
Branches: over 233
Soneri Bank is a mid size commercial bank of Pakistan owned by the private sector. It offers Retail banking, Corporate and investment banking and Islamic banking services.
Which is your bank? Share with us.