BusinessTech

Top 10 Banks in Pakistan

1. National Bank of Pakistan

Founded in 1949, the National Bank of Pakistan (NBP) is an independent organization and is headquartered in Karachi, Pakistan. It has operations focused on consumer banking, corporate banking, investment banking, and offers loans and savings services.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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