Top 15 Banks in Pakistan 2021 for Loans
The state bank of Pakistan is the central bank of Pakistan. It regulates and regulates monetary and debt stability policies. The State Bank also advises on foreign exchange rates, interest on bank deposits, and bank loans.
They also regulate monetary policy circulating across the country.
Headquarter is situated in the financial capital of Pakistan, Karachi.
Different type of banks in Pakistan:
Central banks
Commercial Banks
Development Financial Institutes
Specialized Banks
Islamic Banks
Micro-Finance Bank
Cooperative Banks
List of the Top 15 Banks in Pakistan 2021
1. Askari Bank Limited
2 . Allied Bank
3 . Bank Alfalah
4 . Habib Bank Limited (HBL)
5 . Meezan Bank
6 . Muslim Commercial Bank (MCB)
7 . National Bank of Pakistan(NBP)
8 . Standard Chartered Bank (SCB)
9 . United Bank Limited (UBL)
10 . Faysal Bank
11 . Bank AL Habib
12 . Bank of Punjab
13 . Bank Islami Pakistan
14 . JS Bank (Jahangir Siddiqui)
15 . Bank of Khyber
1) Askari Bank Limited
Divided head of Rawalpindi, established in 1991, as a limited public company. It is a commercial and retail bank in Pakistan. Askari Bank has 537 branches throughout Pakistan and a Bahrain bank branch.
Askari Bank works for individuals and corporate clients. It operates through agency services, commercial banking, corporate finance, trading and sales, retail banking, payment and settlement, retail brokerage, and asset management segments.
2) Allied Bank
Allied Bank was founded in 1942. Its capital, Lahore, also has an international branch office in Bahrain. One of Pakistan's largest banks with over 1350 branches.
The bank's operations include Corporate and Investment Banking, Trade Services Commercial, and Retail Banking, Savings and Term Deposits, and Cash Management Solutions. It provides international banking services while placing more emphasis on commercial banks.
3) Bank Alfalah
Bank Alfalah is an independent Bank with its headquarters in Karachi. It was
It was established in 1992 but began operating in its services in 1997. It operates about 600 branches in Pakistan and abroad in countries such as Bahrain, Bangladesh and Afghanistan.
Works with Retail Banking, Corporate Banking,
Treasury, Consumer Banking, Islamic Banking, International Operations, Retail Brokerage, and Asset Management
The Bank owner from Abu Dhabi and operated by the Abu Dhabi Group.
4) Habib Bank Limited (HBL)
HBL is one of the most profitable banks in Pakistan, with around 1751 branches in 15 countries, catering to 20 million customers. Its headquarters are in Lights City, Karachi. In addition, it has branches in Europe, Australia, the Middle East, the United States, Asia and Africa.
Key areas of operation are Branch Banking, Corporate & Investment Banking, Treasurer, SME & Rural Banking, Financial Institutions and International Trade, Transaction Banking, and Islamic Banking.
The Branch Banking business is the backbone of the Bank, holding its position as the largest commercial bank in Pakistan. Provide financial services to clients of international and domestic companies across the country. The Bank also plays a major role in Pakistani domestic markets.
HBL has an international presence; provides its customers with opportunities to work effectively for them. They lead programs such as providing easy access to the financial sector for women, achieving its goal of investment in all parts of Pakistan.
5) Meezan Bank
Meezan Bank is Pakistan's largest Muslim bank, founded in 1997 and operated in 2002. It operates under Islamic Principles and is well known
through its Islamic Banking research, and advisory services. Both were also commended
with the international institutions and institutions of its Islamic Principles and is regarded as one of the leading Islamic Banks in Pakistan. Its headquarters in Karachi.
Works with Corporate Finance, Trading and Sales,
Retail Banking, Corporate and Commercial Banking, Corporate Services, and payments and accommodation.
It offers a variety of Islamic banking products and services through its wide network
of a commercial branch network of more than 600 branches in Pakistan.
6) Muslim CommercialBank (MCB)
Established in 1947 but nationalized in 1974, MCB Bank provides commercial banks and related products and services in Pakistan. The head is divided into Lahore, Pakistan.
It provides services such as Trade Products, Advisory Services, Maternal Account, Bank Transactions, Online Fund Transfer, MCB Lockers, Burqraftaar Home Remittance, Dividend Warrant Management, Corporate Finance, and Equity Capital Raising.
7) National Bank of Pakistan(NBP)
The National Bank of Pakistan NBP is the 2nd largest commercial bank located in Pakistan. NBP provides commercial banking services, was established in 1949, and is based in Karachi. The bank operates a network of 1,498 local branches, 21 overseas branches, and four foreign offices.
Other services offered by the bank include the administration of Moradabad, bankruptcy, leasing, foreign currency, consumer banking, corporate banking, finance banking, and the provision of loans and savings services, trading, asset management, and investment advisory services.
8) Standard Chartered Bank (SCB)
Standard Chartered Pakistan operates as a company owned by Standard Chartered Bank of the UK. It is also the first international bank to be licensed by Islamic banking and the first to open an Islamic bank branch. Established in 2006. Tt acquired Union Bank of Pakistan, merging Union Bank with its subsidiary, Standard Chartered Bank Pakistan.
Banks serving Retail and Corporate and Institutional Banking clients. Retail Banking offers credit cards, personal loans, debts, deposits, and personal administration large debts, and corporate finances.
9) United Bank Limited (UBL)
One of Pakistan's largest private commercial banks established in 1959. It has around 1400 branches in Pakistan and abroad, boasting 4 million customers worldwide. Its headquarters are in Lights City, Karachi.
The Bank provides commercial banks and related services and has a fixed profit record, focusing on Retail Banking, Corporate Banking, Investment Banking, Treasury Services.
10) Faysal Bank
Founded in 1994, based in Karachi, the bank owns 350 branches in about 100 cities and employs about 3,600 people.
Faysal Bank offers a variety of financial services in Pakistan. The bank operates in four phases: Corporate Finance, Trading and Sales, Retail Banking, and Corporate and Commercial Banking.
11) Bank AL Habib
Bank AL Habib is a commercial bank based in Karachi.
It has a network of more than 850 branches.
It has played a major role in meeting Pakistan's financial and banking needs.
It was nationalized in 1971. For nearly 28 years, the bank has expanded its branches and subsidiaries, the Extensive Branch of the Kingdom of Bahrain, the Seychelles, and Malaysia, as well as the Representative Offices in Dubai, Istanbul, Beijing and Kenya.
The services they provide include consumer housing finance, car finance, storage, savings and retail sales.
12) Bank of Punjab
The Bank of Punjab is a commercial bank. The bank was established in 1989 and has more than 587 branches nationwide. Major services provided by the bank include local currency deposit, customer deposits, remittances and development in business, trade, industry, agriculture, credit cards,
consumer banking, corporate banking, finance and insurance, investment banking, mortgage lending, private banking, private equity and asset management.
13) Bank Islami Pakistan
Bank Islami Pakistan is the first bank to obtain a license to operate as a Muslim bank. The bank has more than 300 branches in more than 100 cities throughout the country. The bank merged with KASB bank in 2015 and increased all assets. It has about 317 branches in 93 cities throughout the country.
Services provided include Retail Banking, Corporate Banking, Treasurer, Consumer Banking, Islamic Banking, Retail, and Asset Management
14) JS Bank (Jahangir Siddiqui)
JS (Jahangir Siddiqui) Bank is a commercial bank and was created in 2007 after two banks merged into one bank. Now a days It operates 323 branches in 161 cities.
Provides commercial enterprise services, Corporate & Investment Banking, Treasury, Financial Institutions, and Transaction Banking.
15) Bank of Khyber
The Bank of Khyber was established in 1991 and is run by the Khyber Pakhtunkhwa Provincial Government. It has more than 179 branches nationwide.
The bank provides services related to business and commercial circles and plays a significant role in addressing the financial needs of all sectors. It has successfully participated in expanding funded and unfunded facilities to its customers for a variety of business needs.
Conclusion
Banks provide security and security without separation. They have become a necessity for corporate and industrial businesses but also for ordinary people in Pakistan.
Pakistan has a fast-growing economy. The Banking Sector matures every year, providing quality services to customers helps to increase confidence and trust in the people.
Provide a customer service that satisfies and satisfies you with a clear quality assurance.
0 Comments