TOP 5 BANKS OF PAKISTAN IN 2020

PAKISTANI BANKS

TOP 5 BANKS IN PAKISTAN IN 2020

Pakistan Banking Sector comprises of Commercial Banks, Foreign Banks, Islamic Banks, Development Financial Institutions and Microfinance Banks. The Industry constitutes around 31 banks of which five are public sector banks, 22 are private banks and 4 are foreign banks.

As of 2017 total assets in the Banking Sector stood at $ 159.50 billion. State Bank of Pakistan (SBP) is the Central Bank of Pakistan and it is responsible for regulating the monetary and credit system of the country and is instrumental in securing monetary stability and judicious utilization of the country’s productive resources. It functions through it’s three fully owned subsidiaries namely:Founded in 1959, United Bank is one of the oldest and largest commercial banks in the private sector in Pakistan. It operates through a wide network of more than 1390 branches across Pakistan and has an overseas presence in more than 19 countries. The Bank is engaged in commercial banking and related services and is headquartered in Karachi, Pakistan. The Bank boasts of a strong financial profile and consistent profitability record and specializes in Retail Banking, Corporate Banking, Investment Banking, Treasury Services etc. The Bank’s shares are listed on all three stock exchanges of Pakistan and its Global depository receipts (GDR) are listed on London Stock Exchange. The Bank employs more than 10000 people and is committed to providing the best banking experience to its clients.Welcome to Dheeraj Vaidya’s page. “WallStreetMojo” is my personal blog that helps students and professionals to become awesome in Financial Analysis.

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NO.01 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.

Founded in 1949 and is the largest state-owned bank operating in Pakistan. It has an extensive branch network of over 1313 branches in Pakistan and a global presence in 11 countries and representative offices in China and Canada. The Bank acts as a trustee of public funds and agent to the SBP. It is headquartered in Karachi. It provides both commercial banking and public sector banking services and is a leading player in the debt-equity market, investment banking, agriculture financing, retail financing, and treasury services. The bank is majorly owned by the State Bank of Pakistan which is holding 75.20 percent voting rights as per the shareholding pattern as at Dec 2017 and

NO.02 BANK ALFALAH

The bank operated more than 475 conventional banking branches, including 18 sub-branches, 10 overseas branches, 153 Islamic banking branches, and an offshore banking unit.Bank Alfalah is the fifth largest private Bank of Pakistan and commenced banking operation from 1st November 1997. It operates with more than 600 branches across Pakistan and has an international presence in Afghanistan, Bangladesh, Bahrain and a representative office in UAE. The Bank is owned and operated by the Abu Dhabi Group and it provides financial solutions to retail consumers, corporations, Institutions, and government through its wide array of products and services. Strengthened with the banking of the Abu Dhabi group and driven by the strategic goals set out by its board of management, the bank has invested in revolutionary technology to offer an extensive range of products and services. The Bank is headquartered in Karachi, Pakistan.

NO.03 STANDERED 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.

The bank managed a network of 101 branches in Pakistan and still growing. Moreover, it reported total assets of US$4.2 billion and a net profit of US$87 million.

NO.04 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.MCB Bank Limited is one of the oldest and top banks in Pakistan. Founded in 1947 and was nationalized in 1974 as part of the Government of Pakistan’s economic reform movement and was later privatized in 1991. The Bank has been conferred with the prestigious Euromoney Award for Best Investment Banks in Pakistan for two years in a row (2016 and 2017). It provides commercial banking and related products and services in Pakistan, South Asia, Middle East, and Eurasia. The Bank is headquartered in Lahore, Pakistan.  The Bank has a customer base of approximately 4 million and total assets of around Rs 300 billion and operated through a wide branch network of more than 1100 branches.Meezan Bank is Pakistan’s first and largest Islamic Bank which commenced its operations in 2002 after being issued the first ever Islamic Commercial Banking license by the State Bank of Pakistan. It operates under the principle of Islamic Shariah and is recognized for its product development capability, Islamic Banking research and advisory services. It provides a wide range of Islamic banking products and services through its wide network of the retail branch network of more than 600 branches across Pakistan. The Bank has been conferred with major recognition from various local and international institutions as the Best Islamic Banks in Pakistan. As of Dec 2017, the Bank has a healthy Capital Adequacy ratio of 12.89 percent. It is headquartered in Meezan House, Karachi, Pakistan.

#4. Bank Alfalah:

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