Enrollment for the FMVA™ Certification Program is now OPEN!

Top Banks in Pakistan

An overview of Pakistan's leading financial institutions

Overview of Banks in Pakistan

The State Bank of Pakistan (SBP) is the country’s central bank. It was incorporated under the State Bank of Pakistan Act, 1956. The central bank is responsible for regulating liquidity and ensuring the soundness of the country’s financial system. Banks in Pakistan fall under the supervision of the SBP.

 

Top Banks in Pakistan

 

The different types of banks in Pakistan include:

  • Commercial banks
  • Exchange banks
  • Industrial banks

 

Moody’s rates Pakistan’s banking system as stable, due to rapid economic growth and stable funding from high liquidity levels and customer deposits. However, domestic banks face challenges from their substantial low-rated Pakistan government bond holdings, as well as high asset risks and modest capital levels, according to the rating agency.

For anyone considering a banking career in Pakistan, this list is a helpful guide on where to start. To learn more, see our lists of financial institutions.

 

The top banks in Pakistan are:

 

National Bank of Pakistan

Established in 1957, National Bank of Pakistan is a subsidiary of Deutsche Bank Americas Holding Corporation. It operates through Corporate Finance, Trading and Sales, Retail Banking, Commercial Banking, Payment and Settlement, and Agency Services segments. It is headquartered in Karachi and employs around 12,000 employees.

The bank operates through 1,448 branches in Pakistan and 21 branches in other countries, and a network of approximately 1,014 ATMs.

As of 2016, total assets of the bank were US$18.94 billion and net profit was US$220 million.

 

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, 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.

As of 2016, the bank’s total assets amounted to US$8.29 billion and net profit reached US$71.42 million.

 

Standard Chartered

Founded in 2006, Standard Chartered Pakistan operates as a wholly subsidiary of UK based Standard Chartered Bank. The bank comprises Corporate and Institutional Banking, Commercial Banking, Retail Banking, and Central & Other Items segments.

As of December 31, 2016, the bank managed a network of 101 branches in Pakistan. In the same period, it reported total asset of US$4.2 billion and a net profit of US$87 million.

 

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.

As of 2016, the bank’s total assets were US$24 billion and net loss was US$129 million.

 

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 employees.

The bank operates through a network of approximately 1,341 branches in Pakistan, including 47 Islamic banking branches; and 2 branch in Karachi Export Processing Zone, as well as 18 branches internationally.

As of 2016, the bank’s assets totaled US$14.26 billion and net profit amounted to US$251 million.

 

Meezan Bank

Founded in 1997, Meezan Bank offers Islamic commercial banking services 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.

In 2016, Meezan Bank posted total assets of US$5.94 billion and a net profit of US$50 million.

 

Allied Bank

Allied Bank was established in 1942. The bank’s operations comprise Corporate & Investment Banking, Trading and Sales (Treasury), and Commercial & Retail Banking segments. Based out of Lahore, its workforce numbers 4,000.

The bank operates 1,148 branches in Pakistan, including 77 Islamic banking branches, one branch in Karachi Export Processing Zone, and a wholesale banking branch in Bahrain, as well as 1,150 ATMs.

As of 2016, total assets of the bank were US$9.67 billion and net profit was US$130.18 million.

 

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, Retails Brokerage, and Asset Management segments. Incorporated in 1991, the bank currently employs around 554 employees.

As of 2016, the bank’s total assets amounted to US$5.6 billion and net profit reached US$47 million.

 

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.

In 2016, the bank reported total assets of US$9.51 billion and a net profit of US$19.8 million.

 

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 employees.

As of 2016, the bank’s total assets were US$4.02 billion and net profit was US$38.89 million.

Careers in investment banking

To break into investment banking, there are several important things to focus on.  These include networking, resume, experience, and financial modeling skills.  To learn more, explore our interactive career map…. investment banking careers For banking careers, you will gain a significant edge over the competition with our financial modeling courses.

 

Additional resources

This has been a guide to the top banks in Pakistan. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources:

Financial Analyst Certification

Become a certified Financial Modeling and Valuation Analyst (FMVA)™ by completing CFI’s online financial modeling classes and training program!